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Foldcraft Co.: Transformational Journey

. . Introduction. Incorporated 1948100% Employee-Owned S Corp350 Members4 Wholly-Owned Subsidiaries2006: $50MM Consolidated Sales2007 Plan: $53MMCompanies, Products, ServicesTransformationalValues-Based. Foldcraft Business Objectives. Grow Equity By 12% Per YearDiversify Our BusinessManife

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Foldcraft Co.: Transformational Journey

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    1. Foldcraft Co.: Transformational Journey Steve Sheppard Chair and CEO, Foldcraft Co. (Retired) CEO,Winds of Peace Foundation (Current)

    3. Foldcraft Business Objectives Grow Equity By 12% Per Year Diversify Our Business Manifest Employee Ownership Improve Competitively and Globally Simple….But How?

    4. What if…? You could substantially increase the involvement and satisfaction of your employees, and in the process afford better benefits, twice the retirement income of comparable companies and higher wages? You could increase productivity at your company by an average of 5.3% annually? There is a “magic pill” that could boost your investment rate of return by 2.7% every year? There is an initiative that can increase sales, employment and sales/employee by 2.4%? You could increase the likelihood of the longevity of your firm by 15.2%? There could be a strategy that would better assure your firm would continue operating independently? You could eliminate corporate income taxes?

    5. What if…? You were working for the benefit of you and your co-workers, not some absentee owners? You had the opportunity to create real wealth through owning equity? You could buy into owning a company without investing any of your own money? You woke up one day and realized that you really will become old and retire some day? You had the opportunity to create twice as many retirement bucks as the average worker?

    6. ESOP Noteworthy Outstanding Employee-Owner in America, 1993 Outstanding Employee-Owner in Minnesota, 1993, 1994,1996 Outstanding Employee-Owned Company in Minnesota, 1996, 1998 Outstanding Employee-Owned Company in America, 1998

    7. Foldcraft Statistics 47/200 Participants Own 6-Figure Accounts The Average of Those 6-Figure Accounts Is More Than $160,000 30/47 Accounts Are Owned By Non-Managers 19 Accounts Are Owned By Factory Participants, 11 By Office Average of ALL 200 Accounts Is More Than $75,000

    9. II. Open Book Management: Chapter and Verse Chocolate Chip Cookies The Great Game of Business The School Desk Company The ESOP Huddle Weekly Closes Individual Profit/Loss Statements White Boards, Hour-by-Hour Charts

    18. Stewardship Membership in an organization means that we have chosen and accepted this playing field. This choice and acceptance becomes our contract. Our desires for compensation, self-expression, participation…whatever we want from a place…are viable only so long as we can commit to the mission, results, constraints, principles, difficulties of the larger institution. If we cannot support these requirements and boundaries, then we should leave. Stewardship offers more choice and control in exchange for a promise….

    24. V. The Global Context Winds of Peace Foundation Martha Valle Valle Honduras ESOP Organizational Workshops

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