Finn Mauritzen
  • Male
  • Calverton, NY
  • United States
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Finn Mauritzen posted a blog post

Worker Ownership - What is it?

This article describes in-depth the difference between Employee Stock Ownership Plans and worker cooperatives as well as the difference between worker cooperatives and unions. In addition, it details how worker cooperatives function and how they are different from traditional companies. The example is about breweries, but the concept applies to any industry.…See More
May 13
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Finn Mauritzen posted blog posts
May 3
Finn Mauritzen posted a blog post

False Assumptions Kill Deals

The assumptions you make about the value of your business are far more likely to kill your sale than a lack of buyers. Buyers want to buy businesses but only if they have value. Does yours?False Assumptions About Your Business Value and Retirement ReadinessSee More
Mar 26
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Finn Mauritzen posted a blog post

Colorado Launches Initiative to Boost Employee Ownership

This article mentions a dry cleaning business that had to be closed and jobs were lost. The initiative would have provided up to $10,000 in incentives to convert it to an Employee Stock Ownership Plan (ESOP). For such a small business, even a $10,000 incentive may not have made an ESOP feasible. A better choice may have been converting it to a Worker Cooperative or an Employee Ownership Trust both of which are less heavily regulated and therefore easier and less costly to set up and maintain.…See More
Mar 22
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Finn Mauritzen posted a blog post

Management Buyout Alternative

From a seller perspective, converting a business to a worker cooperative is similar to a management buyout. Instead of just one or a few of the employees, most of the employees will become owners. This presents a few advantages over the simple buyout. First, with more buyers, a greater portion of the purchase price may be provided by the buyers directly. Second, more financial stakeholders increases their overall commitment to its success. Third, more committed buyers means safety of seller…See More
Mar 18
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Finn Mauritzen posted a blog post

A Case for Seller Financing

A management buyout is the most common exit plan for small business owners. Most want to sell to a third-party, but only one in five actually succeed. Management buy-outs will almost always have to be financed somehow and traditional owner financing will be subordinate to all other financing. Why not consider financing the whole deal if you can? A Case for Seller…See More
Mar 11
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Finn Mauritzen posted a blog post

Four Fundamental Retirement Questions

Retiring business owners have some challenges in common with other retirees. In other ways retirement planning is very different. Retiring is not as simple as giving notice at work. Exiting a business takes careful planning and that takes time. Start with these Four Fundamental Questions.See More
Mar 7
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Finn Mauritzen posted a blog post

Prepare to sell your business

Even if you convert your business to a worker cooperative, you still need to do some fundamental things as when you sell the old fashioned way.How to Prepare to Sell Your BusinessSee More
Mar 4
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Finn Mauritzen posted a blog post

Don't sell your business. Convert it.

Who are the most motivated buyers when you want to sell your small business? It's not who you think. I'm talking about your employees. They literally have everything to lose when you sell or close. Preserve your legacy. Get fair market value. The process is non-adversarial and collaborative. Convert your business to a worker cooperativeSee More
Feb 27
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Finn Mauritzen posted a blog post

Is Your Business Salable? Is it Profitable?

It is not enough to want to sell your business. Someone is actually going to want to buy it. Is it salable? Is it profitable? Will it continue to be? That's what all buyers care about.Sell Your Business to Your EmployeesSee More
Feb 21
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Finn Mauritzen posted a blog post

Interview with David Barnett

Yesterday, I was invited to talk to David Barnett, author of How to Sell my Own Business: A guide to selling your own business privately and not pay a broker's commission. We talked a little about what cooperatives are and how you convert an existing business to worker ownership. Interview with David BarnettSee More
Jan 11
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William S. Haile III and Finn Mauritzen are now friends
Jan 4
Finn Mauritzen posted a blog post

Employee Owned Companies Perform Better

It makes sense that employee owned companies would perform better, but there was no real proof - until now. The National Center for Employee Ownership (NCEO) created the Employee Ownership Index on the Motif.com trading platform. The Index beats the S&P500 decisively. Take a look: Employee Ownership IndexSee More
Dec 31, 2018
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Finn Mauritzen posted a blog post

Artists Cooperative Not Just for Artists

This artists' cooperative has been around since 1988. It makes perfect sense for a group of artists to share the task of marketing their art cooperatively.Even better, the concept can be implemented by many other solopreneurs. Independence is the number one motivation for becoming self-employed. By marketing your products or services cooperatively, you can share the cost and still maintain your independence.…See More
Nov 27, 2018
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Finn Mauritzen posted a blog post

Relationships Matter

This week, I attended a resource meeting at the Stonebridge Country Club. Not once, but twice, I found myself listening to people explaining to other people what worker cooperatives are so I didn't have to. You can't buy this stuff for money. This is what happens when you show up consistently, making connections and making friends.My job is to explain something that is unfamiliar to most people. When people begin to do my job for me, I think I have reached a milestone. It didn't happen because…See More
Sep 7, 2018
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Finn Mauritzen posted a blog post

Do Not Start a Business

Starting a business on your own is really hard. Chances of success are really low. Fortunately, there is a better way. Start one together. Start a worker cooperative.See More
May 14, 2018
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Profile Information

Contact Name
Finn Mauritzen
Office Phone #
5165083219
Mobile Phone #
5165083219
Web Address
fashion-worker.com
e-mail address
fm@fashion-worker.com
Address
658 Sound Avenue, G13
Calverton, NY 11933

Finn Mauritzen's Blog

Worker Ownership - What is it?

This article describes in-depth the difference between Employee Stock Ownership Plans and worker cooperatives as well as the difference between worker cooperatives and unions. In addition, it details how worker cooperatives function and how they are different from traditional companies. The example is about breweries, but the concept applies to any industry.…

Continue

Posted on May 13, 2019 at 10:30am

What to do with the capital gains when you sell your business

The Tax Cuts and Jobs Act of 2017 provides a new way to shelter capital gains when you convert your traditional business to a worker cooperative. Actually, it works for any realized capital gain.

Qualified Opportunity Zones

Posted on May 3, 2019 at 2:47pm

Financing for Startups and Conversions

Forbes has provided a great primer on Community Development Financial Institutions (CDFIs). They are not just for startups. They also work when you want to convert your traditional business to a worker cooperative.

When Banks Say No, Where Do You Go?

Posted on May 3, 2019 at 2:43pm

False Assumptions Kill Deals

The assumptions you make about the value of your business are far more likely to kill your sale than a lack of buyers. Buyers want to buy businesses but only if they have value. Does yours?

False Assumptions About Your Business Value and Retirement Readiness

Posted on March 26, 2019 at 2:53pm

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