Next Trend? Cooperative, Employee Owned Businesses
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.
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