Next Economy Now: For the Benefit of All Life Reshaping Work and Life Through Co-Operative Models (with John Abrams)
Jun 3, 2025
In this insightful conversation, John Abrams, the founder of South Mountain Company and author of 'From Founder to Future,' discusses transitioning businesses to worker co-ops. He emphasizes the need for founders to plan succession early to promote equitable workplace structures. John highlights how employee ownership boosts profitability and reduces inequality while advocating for workplace democracy. He shares success stories from co-ops like Ward Lumber, showcasing the positive impact on local communities and the economy. John's passion for helping others navigate ownership transitions shines throughout.
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Long Runway To Retirement
- John Abrams describes planning his leadership exit over many years and retiring in December 2022 while staying on part-time then leaving the firm.
- He observed the company thrive under younger, more tech-savvy owners who are taking it in new directions.
Separate Ownership From Leadership Exit
- Do disentangle ownership transfer from leadership transition by doing ownership earlier in your career.
- Build a long runway to groom leadership capacity rather than rushing both at once.
Employee Ownership As Social Antidote
- Abrams positions his book as an antidote to growing cruelty and inequality in America.
- He argues employee ownership can restore shared bounty and address wealth concentration.
