Gregory's ServerI have a friend in his late 60's that owns a moving company with his and his late partner's name on it. He spent his adult life creating an awesome reputation but now he wants to retire. He doesn't want to sell it to someone who might ruin that reputation and he doesn't want to just shut it down because he cares for his employees. So instead of traveling with his wife he continues to work.
|
4 comments
@argv_minus_one @ysobel_tbr @saxnot He has tried over the years to cultivate someone to take over including an employee co-op. Turn over and disagreements have been an issue. He owns the property and building of his main warehouse. There are lifts and lots of other equipment that could also be sold off. He has grown kids and wants to make sure he has money for his retirement and to help them if needed. If there was a safety net for his workers he would sell now.  @HikerGeek @argv_minus_one @ysobel_tbr @saxnot It's unfortunate things like coops also need a certain culture to work. If that was never properly cultivated, especially in the US, those things often fail due to people not knowing how to handle it. Technically it would be the best for his employees I believe. |
@HikerGeek @ysobel_tbr @saxnot
Maybe one or more of the employees would be interested in taking over for him? Your friend clearly trusts that they're fully capable of building the company's reputation and what better way to make sure his employees are taken care of than putting the business in their hands?
That would be an elegant way to solve both concerns with the same solution.