As a business owner, would you transfer control of your company to your employees?

Yeah and that’s what I did.

It took about 3 years before I felt it was possible.But it did succeed.

One of the conditions for me was that with the company I had achieved everything I wanted to achieve.There is always plenty to do and prove, but if you as an owner notice that your drive becomes less, for whatever reason, and if the competencies in the company are present to take over, then that is the moment.

For more background, see:

How do you say goodbye to your own business as an entrepreneur?

Sure not.Entrepreneurship is a profession and there are few people who understand that profession. You have to be able to compete on the cutting edge. Imagine that you have to reorganize, but the shares are in the hands of your staff, how can you dismiss people and bring the costs into line with the revenues? Workers ‘ self-government was an ideal from the years 70, but has now proved to be an unworkable concept.

Yes for that you have management.As long as they continue according to the philosophy of the company I would control, some difficulty should transfer. For the entire company I would set up profit/efficiency allowance or something like that anyway.

Well, as owner of a sole proprietorship, I would immediately transfer control of my company to… Oh, that’s me myself;)

However, if I were to have a larger company, I would certainly be in favour of a great deal of participation, little call of privilege.

I started working for myself at different companies of different sizes.What I noticed was that not only the working atmosphere, but also the willingness to do ‘ more outside the ordinary ‘ was greatest in those companies, where the employees were also heard.

I also noticed that things are in a hundred walk, when your pseudo Democratic is going to ‘ vote ‘ what needs to be done.Because the most brilliant ideas are often not implemented, you get a kind of ‘ middle of the road ‘ policy.

And people generally don’t give up on whether they have any say at all.What they appreciate much more is when they have a real good idea, listened to and acting.

And what is completely beautiful is, of course, all that idea is still successful (and the employee is also rewarded/appreciated for that success).

Why would you do that?Starting a business means taking risk, a good idea what you had to elaborate, and hiring people who want a fixed salary and are not at risk. Of course you want to get as many good ideas as possible and that works well if you give your people a lot of empowerment! But ultimately, the business owner is the one who runs the risk. So that he keeps the end-control is not weird.

It is balancing between risks and implementing good ideas.That’s hot entrepreneurship. That’s what the owner does. And the employee does not.

You can solve a lot with bonuses, then you link again risk, effort and results, and partly control, also for employees.

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