E17: Why Build a Purpose-Driven Company? -- Kris Maynard (Essential Ingredients, Inc.)

Legacy’s Russ Clemmer recently sat down with Kris Maynard, co-founder and CEO at Essential Ingredients Inc., a chemical distribution company with more than 80 employees and facilities around the U.S. and Canada.

We talked about what it takes to cultivate the kind of purpose-driven company that inspires loyalty, generosity, and fun – and generates healthy profits.

This episode offers a wealth of business advice with a hopeful message about the many ways in which companies can do good AND still do well.

Key takeaways from our conversation…

✅ Putting an Employee Stock Ownership Plan (ESOP) in place was not only a solution to the question of succession for Essential Ingredients but also a turning point for the company’s overall culture and mission.

✅ Putting an Employee Stock Ownership Plan (ESOP) in place was not only a solution to the question of succession for Essential Ingredients but also a turning point for the company’s overall culture and mission.

✅ When putting purpose and duty of care to employees/partners at the top of your private company’s list of priorities, it’s important to seek out other similarly intentional entrepreneurs. They are out there! (Links to resources below.)

Let us know what you think in the comments below👇

Additional Resources:

Click here to learn more about the Tugboat Institute for private companies seeking an alternative path to success.

The 3 Wins Podcast is presented by Legacy Advisory Partners.

Disclaimer: Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer member FINRA/SIPC. Advisory services through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Cambridge and Legacy Advisory Partners are not affiliated.

Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. Securities offered through Cambridge Investment Research, Inc., a registered Broker/ Dealer, Member FINRA/SIPC.