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Give the Company to Your Employees
Ever think about giving your company to your employees? It’s called an Employee Stock Ownership Program (ESOP) and may be an attractive way to motivate them, since the structure allows direct profits from the company’s success. Foss Miller, founder of Sawbones Worldwide, did it—for Christmas in 2010. "So many of the employees have worked here for many, many years," he told Inc. "Providing them a great retirement when they leave—it just made more sense and felt better and better."