Weekly show where my featured guests and I explore the financial and business challenges women face on the entrepreneurial journey to success. You'll hear them talk about the money side of their businesses in ways you've always wanted to know about, but wouldn't dare ask. They openly share their disappointments, failures, successes, and everything in-between as they grew sales ranging from 6 to 9 figures. Knowing where your business stands financially helps you make critical decisions with confidence. It's simply the best way to be sure you grow a business that fuels the life you want to live.
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episode 139: Steward Ownership: Ownership Diversification Through The Cooperative Model - The Journey of Corey Kohn
Cooperatives are a great way to share not only profits but also responsibilities amongst a group of individuals. It’s often known for its one member, one vote rule. But did you know that hierarchy within a cooperative can be flexible according to the employees’ needs and desires?
In this episode, we are joined by Corey Kohn, Dojo4 co-founder and co-op member. She shares how their software company transitioned from a traditional business model to a cooperative. While she initially had doubts about the cooperative model, its transformational effects on their employees’ engagement and their company’s growth solidified her trust in their decision.
If you’re curious about how the cooperative model benefits founders, employees, and even communities, then this episode is for you!
Episode Highlights
- [05:39] Corey’s Journey in Dojo4
- [08:02] Dojo4’s Transition Into a Cooperative Model
- [11:08] Employees’ Concerns About the Transition
- [15:14] Why Transition Anyway?
- [19:23] How the Cooperative Model Supports Future Growth
- [23:07] How the Cooperative Model Changed Dojo4
- [26:37] How Dojo4 Embraced the Shift to the Cooperative Model
- [29:51] Accounting and Financial Structure
- [36:10] Corey’s Advice on Transitioning Into a Cooperative
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Connect With Me
Ready to transform your purpose into an impactful business financial story, profit, and joy? Schedule a chat with me at any time.
Resources
- Learn more about alternative ownership through Christina Sjahli’s Weekly Blog:
- Rethinking Profit as a Business Owner and Using Your Business for Good with Steward Ownership
- Transitioning to the Perpetual Purpose Trust Model: What You Need to Know to Succeed
- Download the Financial Modelling Guide so you can show investors how your company is going to look in the future!
- Dojo4: Website I Github I Twitter I Instagram
- Corey Kohn: LinkedIn I Twitter I Email