Leading a New ESOP with Candice Rania of LEFF Design Build
In this episode of Women at WIRC, Candice Rania, president of LEFF Design Build, discusses the transition of the company to an Employee Stock Ownership Plan (ESOP) from a sole ownership model.
With LEFF two years into this change, Candice shares insights into the cultural transformation, operational logistics, and goals for the company's future. She also delves into her personal journey from studying interior design to leading a company, emphasizing the importance of mentorship and determination.
Additionally, Candice explains the workings of an ESOP, its benefits, and the impact it has had on LEFF's culture and financial transparency. Key challenges and strategies for maintaining growth within a changing market are highlighted, making this episode a valuable listen for those curious about alternative ownership structures in the construction industry.
00:00 Introduction
00:38 Meet Candice Rania
01:52 The Transition to an ESOP
06:12 Cultural and Operational Changes Post-ESOP
12:55 Understanding ESOP Structure and Benefits
18:12 Advice for New ESOP Leaders
20:18 Conclusion and Upcoming Events
LEFF: https://leffdesignbuild.com/
WIR+CC: https://www.womensconstructionconference.com/2024/
Custom Builder: https://www.custombuilderonline.com/
Pro Builder: https://www.probuilder.com/
Pro Remodeler: https://www.proremodeler.com/