posted on Sep, 6 2007 @ 01:06 PM
From a survival perspective, I don't think this has much use for the survival forum.... if it was more about a survival commune where people equally
buy into land and establish their own farm and all work together to feed each other and have a profit-sharing system, that could be a bit more
From your Tesco example... they have nearly 300,000 employees and annual revenues are currently over "£42,000 million" according to Wikipedia (I
live in Canada so I've never heard of them.) With numbers like that, there is nearly no chance they will ever randomly go bankrupt. If they decide to
sell, it will be to another larger company, in which case you will just be working for the new company.
Even if everyone in your store/branch of the company pools their money together, I doubt they are going to be able to even afford the property of the
business, even at liquidation prices. I currently work at a grocery store as well, while attending college. I've saved nearly every penny I've
earned in the past 3 years I've worked there, since I live at home and I don't have to pay for rent/food, etc. and I honestly believe that I have
probably saved up more money than most people who have worked there for 15-20 years have saved for retirement. My point being that people who work for
minimum wage likely don't have the financial freedom to save money to buy a corporation someday... most of them are living paycheque to paycheque and
will rely on government pension. Perhaps the managers could save for such a thing, but not any of the peons.
Another problem arises with the idea of having so many owners. A business running with 20 bosses per building seems unthinkable... imagine having
hundreds. In psuedo-cooperatives like WestJet ("We care because we're Westjet owners too) it can work, but not in full-scale. Your business would be
even more inefficient than the UN if every single owner's vote had to be counted to make descisions. And since there are bound to be disagreements
with so many people in charge, there is always going to be people just as disillusioned and unfulfilled as in their ordinary job. Then since some
people are bound to invest more into the co-operative at inception, then are the people who put in the most money higher up the ladder than people who
contribute less? Do they get more votes? It would be quite a daunting task to keep track of all the percentages.
You also can't really give out weekly or monthly shares to everyone, since you don't know what the net income at the end of the year will be. If you
give out more money than you make, your business is suddenly in debt. You could carefully calculate an allowance that you pay out, and then give out
any extra at the end of the year... but then if some people recieved too much, they would end up either paying the company back the excess or not
getting paid for a few weeks.
Not sure about the UK, but since you are business owners and not employees, you will likely not be entitled to your equivalent of what we have here...
EI (Employment Insurance), CPP (Canada Pension Plan), and you will have to set up a new form of health/dental plan for everyone.
What happens when you need new employees? Do they have to buy a share of the company to work for you, or will you start taking on true "employees"
again at an hourly wage and start the cycle over?
Lastly, why would you want to buy a business that just shut it's doors? There is likely an economic reason why they did so...
It is a much better idea to get some people together and start small, with your own brand new business. Then you have a chance at making it work.
[edit on 9/6/2007 by Yarcofin]