{"podcast":{"title":"21 Hats Podcast","slug":"21-hats-podcast-502638","podcast_index_feed_id":502638,"rss_url":"https://www.spreaker.com/show/4439758/episodes/feed","website_url":"https://www.spreaker.com/show/21-hats-podcast","image_url":"https://d3wo5wojvuv7l.cloudfront.net/t_rss_itunes_square_1400/images.spreaker.com/original/27e8ec21209a6c9a99a0f0963132b13e.jpg","author":"21 Hats","episode_count":568,"summary":"The 21 Hats Podcast presents an authentic weekly conversation with small business owners who are remarkably willing to share what’s working for them and what isn’t. Unlike many business podcasts, which tend to talk to highly successful entrepreneurs whose struggles are in the past, the 21 Hats Podcast features a rotating cast of business owners who are still very much in the trenches fighting the good fight. Every week, our regulars gather to talk about the kinds of important issues many owners won’t even discuss behind closed doors: whether their businesses are as profitable as they should be, whether they are willing to give up some control to an investor in order to grow faster, why they had to lay off employees, how they wound up with way too much inventory, why they don’t have a succession plan, and even why they are concerned about their own mental health. Visit 21hats.com to hear all of our podcast episodes, read episode transcripts, and learn more. The show is produced by Jess Thoubboron, founder of Blank Word.","last_synced_at":"2026-09-18T20:17:08.095147+00:00","page_url":"https://stenobird.com/podcast/21-hats-podcast-502638"},"episode":{"title":"What Do You Owe Your Employees?","slug":"what-do-you-owe-your-employees","published_at":"2026-07-07T09:00:28+00:00","page_url":"https://stenobird.com/podcast/21-hats-podcast-502638/what-do-you-owe-your-employees","show_page_url":"https://stenobird.com/podcast/21-hats-podcast-502638","url":"https://21hats.com/what-do-you-owe-your-employees/","audio_url":"https://api.spreaker.com/download/episode/72845075/21_hats_episode_301_stereo.mp3","summary":"Most business owners hope to reach the day when someone offers to buy their business. If that day comes, the payoff isn't just financial. It's validation for years of risk-taking, sleepless nights, personal guarantees, and sacrifices that most employees never see. But that success can raise an uncomfortable question: What exactly do owners owe the people who helped them get there? Should employees share in the proceeds when a business is sold? Does an owner have an obligation to find a buyer who will protect the culture and the jobs that have been built over the years? Or is the owner's responsibility fulfilled by paying people well, treating them fairly, and creating a great place to work so long as the business is theirs to run? This week, Jay Goltz, Liz Picarazzi, and Ted Wolf wrestle with those questions—and not always from the same perspective. They agree that employees deserve respect and appreciation. But they also point out that employees weren't the ones who pledged their homes as collateral, absorbed the losses, or spent years wondering whether the business would survive. In other words, where should owners draw the line between gratitude and obligation? Plus: As Liz expands Citibin beyond New York City, should her marketing reflect that shift? Or should she lean into her hometown roots and emphasize that if her trash bins can make it there, they can make it anywhere? Liz also explains her plan to capture some recurring revenue.","meta_description":"Most business owners hope to reach the day when someone offers to buy their business. If that day comes, the payoff isn't just financial. It's validation…","key_points":[],"chapters":[],"topics":[],"duration_seconds":3127,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/21-hats-podcast-502638/episodes/what-do-you-owe-your-employees/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/21-hats-podcast-502638/what-do-you-owe-your-employees.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}