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Employee Ownership

Discussion in 'Business Operations' started by concreteevolutions, Dec 28, 2011.

  1. concreteevolutions

    concreteevolutions LawnSite Member
    Posts: 1

    Do any of you give your employees partial ownership if they play a huge part in your success?
     
  2. TriCityLawnCareLLC

    TriCityLawnCareLLC LawnSite Bronze Member
    from Ohio
    Posts: 1,024

  3. gardenkeeper88

    gardenkeeper88 LawnSite Senior Member
    Posts: 347

    Whats this
    I was thinking of stocks or somthing too.
     
  4. wbw

    wbw LawnSite Fanatic
    Posts: 5,404

    Reward him with money or a nicer truck or whatever. Do not give him ownership unless you want a partner. Did he invest to get you off the ground? What was his exposure if you went broke?

    How about when the bank wants all of the owners to sign a note and he or his wife doesn't want to? How about when he quits, goes to work for some other company and still owns part of yours?

    Just reward him some other way. Keep it simple.
     

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