In business, there’s power in reliability, stability and productivity when looking for a partner or service provider.
Have you ever been wowed by a well-crafted proposal or carefully staged presentation, only to be underwhelmed by the vendor once the project starts? It seems like they spent all that time and effort on the presentation and had nothing left for the real work. Or you meet a powerhouse team of experts when discussing the project, but once the contract is signed, you have a gaggle of overwhelmed interns. That powerhouse team doesn’t have any time for you.
Finding the right partner in the maze of marketplace collaborators and potential service providers can be the difference between project success and endless frustrations. It’s important to find a company you can trust. You need a partner who’s not only capable, but who shares your values and is also committed to your success and delivering exceptional results. The answer is clear for many ESOP (Employee Stock Ownership Plan) companies – you need to partner with another ESOP.
For those unfamiliar, ESOP companies are the quietly confident powerhouses of the marketplace, representing a unique model where employees are also shareholders. In fact, studies show that with an ESOP, employee ownership is a powerful incentive for increased productivity, and the opportunity to see the benefits of that hard work by connecting the worker with ownership further incentivizes success.
If you’re looking for a project partner or service provider, you should start by considering the power of an ESOP.
An Introduction to the Power of ESOPs
Imagine a business where everyone is invested in the company's success.
You don’t need to imagine, because the data shows that ESOPs positively impact employee productivity, business revenue and project success. Employees work harder, embrace innovation, and care more about their work when they are an employee-owner in an ESOP. In fact, according to one study, employee ownership will increase sales year over year an average of 3.4% over other business models. That may seem small, but it’s significant business growth over a few years.
Other studies show that employee ownership significantly reduces the “friction” between co-workers. Friction causes inefficiency and will reduce productivity, as seen in studies of other ownership models. Conflict between co-workers is minimized in an ESOP as employees focus on shared goals and overall project success.
Because project and client success is tied to rewards and long-term investment in retirement, employee-owners have a further incentive to exceed client expectations. They try a little harder, work more efficiently, and deliver more because of the benefits they see from success.
While the employee-owner will benefit from the business model, so will their clients, customers and other ESOPs that partner with them.
The Collective Strength of ESOP Partnerships
The benefits are multifold when working with an ESOP company, especially when one ESOP collaborates with another.
Business Stability and Steady Leadership
ESOPs, by their very design, are more resistant to the whims of the market, which brings stability, reliability and consistency for your project or service. The continuity of leadership and the lack of employee turnover at the ESOP ensure that partnerships are forged between companies and people. Over time, those relationships and that experience will deliver better results and increased productivity. That translates to more reliable, consistent service for clients and partners, which isn’t common in an often-turbulent business climate.
Increased Employee Productivity
If you want a testament to the success of ESOPs and the benefits to employee productivity, look no further than the data. Time and again, studies have shown that employee-owners are significantly more engaged and motivated. They're not just working for a paycheck, but for a purpose. The results of that motivation and reward can be seen in increased productivity. Employee-owners work better together, focus more on project results than personal gain, and are more likely to embrace innovation. Imagine how much your project and business would benefit with more passion, precision and productivity from your partners and service providers.
A Partner Invested in Your Success
When ESOP employees start a project, they don't just see a job. They see an opportunity to enhance their company's value, which rewards them. So, of course, they’re going to try harder. Your success is their success. Your accomplishments are their triumphs. This investment makes the partnership between an employee-owner and their client so strong. This level of dedication is potent and undeniably beneficial to all partners.
Supporting the ESOP Community
Partnering with an ESOP makes the entire community of ESOPs stronger. It echoes throughout the greater business community, fostering a culture of support, resource sharing and cross-pollination of ideas. As individual companies flourish, so do the collective knowledge base, service standards and reputations of ESOPs.
ESOP partnerships aren't just about the numbers on a balance sheet; they're about the people who drive the enterprise forward. By banding together, ESOPs can pool resources, share best practices, and advocate for their communities' well-being.
Exponential Growth Through ESOP Collaboration
When two ESOPs come together, the potential growth isn’t just additive – it's exponential. By leveraging the resources, dedication and shared vision that GO2 Partners brings to the table, we unlock potential that can create additional areas of success throughout the verticals we serve.
Each project we take on isn’t just a task; it’s an opportunity where the mutual stakes are high, and success is double the reward. The possibilities are endless when ESOPs with similar dedication to employee empowerment and client success collaborate. Let’s team up and build a future that benefits all our employee-owners and clients. Contact GO2 Partners today, and let’s explore the potential of our combined efforts.
