Well, let’s keep 2019 going with new things.
This week I explore a new (to me) way of exiting a business. Sell it to your employees via forming a worker co-operative.
I know very little about co-ops outside of the credit union, insurance companies and grocery stores that I see when driving around.
Finn Mauritzen of joins me for a discussion on the different types of co-ops and how business owners can use this as a vehicle for exiting a business.
Of course, I asked some important questions like:
- · If everyone is an owner, how does someone get fired?
- · Do the managers earn more?
- · Can a worker/owner sell his portion to someone else?
- · Etc.
It was a great and informative conversation and I know you’ll learn something new as well.
Watch the video of our chat here:
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