Key principles of employee ownership
The mindset shift from employee to employee-owner
1. Accountability
A successful employee-owner takes responsibility for both their individual work and the collective success of the team or company. It's not just about doing your job; it's about showing up for the team, holding yourself to a high standard, and taking pride in the company's success as if it were your own. Being accountable means you're invested in the big picture.
"Being an employee-owner means you act like a stakeholder, not just an employee. You're in this for the long haul, and that's what drives your commitment."
2. Proactive Mindset
Successful employee-owners don't wait for instructions—they take initiative and look for opportunities to improve. They're always thinking about what they can do to move things forward, whether it's suggesting new ideas, improving processes, or solving problems. They get the opportunities to be proactive and take charge of their own work.
"Don't just wait to be told what to do—if you spot something that could improve or change, bring it up. Ownership means shaping the company as much as you can."
3. Collaboration
While employee-owners are accountable and proactive, they also understand the power of teamwork. Being able to work well with others, communicate openly, and support teammates is key to success. This fosters a healthy work environment and drives the company toward shared goals.
"Collaboration is everything. When you take ownership, you recognize that success is a team effort. It's not just about you—it's about the collective power of the whole team."
4. Adaptability
The business world is always changing, and successful employee-owners adapt to that change. They're flexible and resilient, able to navigate through uncertainty and find creative solutions to new challenges.
"The ability to adapt, learn new skills, and embrace change is crucial. Things evolve fast, and being able to roll with it while still contributing to the company's goals is essential."
5. Financial and Long-Term Thinking
Employee-owners are invested in the long-term success of the company. They see the bigger picture, not just short-term goals. This means being mindful of the company's financial health, its growth potential, and how decisions today affect the future. Understanding that their work impacts the company's success on a deeper level can be motivating.
"As an employee-owner, you're not just doing work for today—you're working for the long-term growth of the company. Every decision you make can affect your future, and that's a huge advantage."
6. Entrepreneurial Spirit
A successful employee-owner treats the company as if it were their own business. They bring entrepreneurial thinking to their work—constantly looking for ways to innovate, improve, and contribute to the overall success of the business.
"Think like an entrepreneur. Own your role, but also think about how you can drive innovation, solve problems, and improve what we do. Your ideas can make a big difference."
7. Transparency and Integrity
Being open and honest is essential. Successful employee-owners communicate clearly with each other, share information, and act with integrity. They're trustworthy and value ethical decision-making, which is important in fostering a positive and transparent work environment.
"Honesty and integrity are key. As an employee-owner, you're trusted with information, and you need to share openly and act in the company's best interests."