There are many ownership models to choose from when it comes to operating your business, each of which has its own benefits.
There are many ownership models to choose from when it comes to operating your business, each of which has its own benefits.
For instance, an Employee-Owned Business gives all colleagues a financial stake in an enterprise, as well as a say in how it runs. A tax-efficient model, this can be great for rewarding staff and incentivising them to go above and beyond for the sake of the wider team.
Meanwhile, a Worker Cooperative model is well-suited to start ups, as these businesses are more likely to succeed in the long run. Not to mention, they are also highly regarded by potential customers.
There are many nuances that you will have to consider and different ownership models will naturally work better for different businesses. To help you get to grips with all these complex ideas, the Chamber will be running an informative event on Tuesday, August 9.
Split into a pair of hour-long workshops (broken up by an hour-long networking session and free lunch), this is your opportunity to find out more about Employee-Owned Businesses and Worker Cooperatives. At these focus groups, you’ll have a chance to ask any burning questions you might have, understand the benefits of each approach, get your voices heard, and to ultimately see which is right for you.
Not to mention, your invaluable feedback here will also be used to shape the messaging for the Ownership Hub going forward. This is a project that has been designed to help raise awareness of the different ownership models available to businesses.
Whether you are just getting your business off the ground, or are thinking about what will happen to it once you retire, this is a very important decision to make. For this reason, we strongly encourage our members to come along to the workshop event, so that they can make informed decisions and safeguard their futures.
Agenda
12:00 – 13:00 Lunch and Networking
13:00-13:03 Welcome
13:03-13:10 Overview of Cooperative Owned Businesses
13:10-13:50 Group discussion using templated questions
Notes to be taken on discussion for final evaluation
13:50-13:55 Delegate questionnaire to be completed
13:55-14:00 Closing remarks and signposting