S2 Ep 2 - Employee Equity: Empowering Your Leadership Team Through Ownership with Andrew Van De Beek

Does giving your team the opportunity to own equity encourage them to act like business owners?

Andrew Van De Beek has had 4 team members buy into Illumin8. In this episode, we walk through the details of each situation including: 

• [07:14] Why Andrew decided to have his leadership team own some of the business
• [09:52] Key terms of the shareholder agreement to consider  

• [12:20] Agreeing on salaries and when dividends should be paid 
• [14:54] What happens if a team member who owns equity no longer wants to work at Illumin8 
• [24:06] Andrew’s evolution from full-time co-founder of Illumin8 to part-time advisor 

I think it’s best to let him introduce himself! 

Hey, I’m Andrew and although I dream of running my own whisky bar, right now I’m an accountant (I guess). 

Founder of Illumin8, podcast host, co-working space owner, coordinator of retreats, mentor of up & coming accountants, keynote speaker & generally getting myself into interesting situations in the world of accounting

I push the boundaries, it’s the only way I can make the difference I want to make. I ask lots of questions. I listen to the answers and I’m not afraid to challenge what I hear.

You can connect with Andrew on LinkedIn and make sure to check out his podcast ‘Aly and Andrew’s All Aussie Accounting Adventures and his personal website.

This episode of the podcast is brought to you by sponsors

TaxValet: Sales Tax Done For You

A2X: automated e-commerce accounting

The Lifestyle Accountant Show is a podcast that helps today’s accounting firm leaders build successful businesses, while living healthy, happy lives hosted by Meryl Johnston.