2 ms·
I don't think it would be hard to collectively agree to take less money or reduce everyones hours if the alternative is to lose the business entirely. You could
by TFYS 3y ago
I don't think it would be hard to collectively agree to take less money or reduce everyones hours if the alternative is to lose the business entirely. You could use majority voting to prevent a single person from sabotaging the business.
I think the biggest obstacle for worker owned businesses is the funding, not the absence of a hierarchy.
- IMTDb 3y agoFunding is the easiest part. Workers agree to bootstrap the business themselves by loaning their own money to the coop at a pre-agreed rate. Salaries are reduced until that loan is paid back. Increase the loan rate if not enough people are willing to pitch in money.