14 episodes

What's Next? explores how business owners and their families can optimize a business sale or other wealth event to strategically plan for their futures. Join Terry Cook, CFP®, CIMA®, founder of Parcion Private Wealth in Bellevue, Washington, as he interviews experts from across the financial services industry to help listeners determine what's next.
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What’s Next‪?‬ Parcion Private Wealth

    • Business
    • 5.0 • 10 Ratings

What's Next? explores how business owners and their families can optimize a business sale or other wealth event to strategically plan for their futures. Join Terry Cook, CFP®, CIMA®, founder of Parcion Private Wealth in Bellevue, Washington, as he interviews experts from across the financial services industry to help listeners determine what's next.
Hosted on Acast. See acast.com/privacy for more information.

    How to Use Employee Stock Ownership Plans (ESOPs) to Optimize Your Business with Ted Lape

    How to Use Employee Stock Ownership Plans (ESOPs) to Optimize Your Business with Ted Lape

    In this episode of What’s Next?, host Terry Cook is joined by Ted Lape of Lazear Capital Partners to discuss ESOPs, a tool commonly used to facilitate succession planning, allowing a company owner to sell their shares to support their goals and transition flexibly out of the business. Ted has an impressive 30-year history in the banking industry and has helped many clients with setting up an ESOP at their company. More information about ESOPs can be found in our whitepaper “How to Successfully Exit Your Business with an Employee Stock Ownership Plan (ESOP)” available on our website www.parcionpw.com or at www.lazearcapital.com/.
    1:35 – Ted’s introduction to ESOPs
    2:44 – What is an ESOP?
    3:30 – How are ESOPs different from ESPPs (Employee Stock Purchase Plan) or other employee stock
    ownership plans?
    5:30 – Mechanics, steps, and benefits of ESOPs, timeframe
    7:55 – How is an ESOP different from a direct sale?
    13:20 – Advantages
    14:20 – Disadvantages
    14:58 – Example when ESOP is the right solution
    18:40 – Financing options and involvement
    24:40 – Why don’t more business owners choose to exit with an ESOP?
    26:20 – Cost and professionals involved
    30:50 – How an ESOP can help ensure a legacy for a business owner

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    • 36 min
    An Intro to the Stanford Seed Program with JoAnna Halk and Mark Phelps

    An Intro to the Stanford Seed Program with JoAnna Halk and Mark Phelps

    In this episode of What’s Next?, JoAnna Halk, an associate director for the Stanford SEED Program, and Mark Phelps, a retired serial entrepreneur and Stanford SEED coach, join host Terry Cook to discuss the benefits of the SEED program, the unique opportunities it presents to business owners, and effect that it’s had on participating companies across Africa and Southeast Asia.
    More resources at www.parcionpw.com and https://www.gsb.stanford.edu/seed.

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    • 41 min
    Managing the Transition of Selling Your Business and Other Lifequakes with Bruce Feiler

    Managing the Transition of Selling Your Business and Other Lifequakes with Bruce Feiler

    For this episode, Terry Cook is joined by Bruce Feiler. Bruce is the author of seven New York Times bestsellers, including Life Is in the Transitions and Secrets of Happy Families. His three TED Talks have been viewed more than 4 million times. In their conversation, Bruce and Terry dive into navigating challenging life and family moments and discuss Bruce's new book, The Search, about finding meaningful work.More resources at www.parcionpw.com and www.brucefeiler.com.
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    • 40 min
    Venture Capital Explained with Brendan Wales

    Venture Capital Explained with Brendan Wales

    Join Terry Cook and Brendan Wales, general partner of Fuse, an early-stage venture capital firm, as they discuss all things venture capital, including how firms like Fuse operate and the opportunities available to interested investors. More resources at www.parcionpw.com and www.fuse.vc.
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    • 36 min
    Donor-Advised Funds - A Primer with Colby Bircher

    Donor-Advised Funds - A Primer with Colby Bircher

    Join Terry Cook and Colby Bircher, vice president of charitable planning at Fidelity Charitable, as they discuss how donor-advised funds can be used as a tool for impactful philanthropic planning and the advantages of this form of charitable investing. More resources at www.parcionpw.com and www.fidelitycharitable.org.
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    • 34 min
    Private Aviation 101 with Craig Ross

    Private Aviation 101 with Craig Ross

    Join Terry Cook and Craig Ross, CEO and Founder of Aviation Portfolio LLC as they discuss all things private aviation – from the various models currently in vogue to trends in private jet travel. More resources at www.parcionpw.com and www.aviationportfolio.com.
    Hosted on Acast. See acast.com/privacy for more information.

    • 32 min

Customer Reviews

5.0 out of 5
10 Ratings

10 Ratings

CLarity659 ,

Well done

Informative and easy to listen to. Thanks Terry and Greg.

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