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/