Next Trend? Cooperative, Employee Owned Businesses
See on Scoop.it – Things I grab here and there
Brian Van Slyke didn’t want to be a boss‚ and he didn’t want to have one either. But as his one-man record label grew to a three-person operation, they needed some type of organizational structure.
“We wanted to be our own bosses, together,” Van Slyke says. In 2006, Fall of the West Records was reincorporated as a worker-owned cooperative, giving each member an ownership stake and convincing Van Slyke to tailor his college education around cooperatives.
[...] A co-op is a business that’s owned and governed by its customers or employees, as opposed to outside investors. Member-owners have a democratic say in how the company is run, either by direct vote or through elected representatives. Any surplus revenue comes back to them in the form of dividends.
See on www.good.is
