Employee-ownership is a ‘win-win’ proposition for everyone – founders, employees, and clients
Sean Elliot, Chairman Network ROI
Sean Elliot, founder of Network ROI explains why he chose to go down the path of employee-ownership in 2013. In 2012 Sean was coming up to 50 and started to examine his exit strategy. After considering other exit options such as a trade sale Sean settled on the idea of employee-ownership.
Sean Elliot, Network ROI Chairman said: “I have seen many business exits fail to deliver, often to the detriment of employees, the clients and the founder. When small and medium sized companies are bought by larger organisations, service levels can drop and prices can increase as the operations focus on delivering for their shareholders. So, I settled for something I felt safeguarded Network ROI’s future and opted for employee-ownership through an employee-ownership trust”.
Sean said: “Our clients are reassured that the business is not going to change hands and well-established culture and client service can continue without the potential disruption of enforced changes by a new owner”. Sean described how Network ROI have a philosophy that “if we treat our employees well, they will in turn provide great service to our clients”.
Sean also saw the many benefits and opportunities that employee-ownership presented, including more control of the succession process as well as enabling employees to have collective say in the future of the business and for them to directly benefit from the ongoing success of the business.
Sean believes employee-ownership is a ‘win-win’ proposition for everyone – founders, employees, and clients – and is a more ethical and equitable way to run a business.
“Although not without challenges, Employee ownership has so far proved to be a recipe for success for Network ROI. The business has grown year on year as we focus jointly on growing our client base and developing long-term relationships with our existing clients by servicing their needs better. As we grow, we continue to ensure our employees reap the rewards of this success”.