Jim Hightower's Radio Lowdown

Business That Delivers for the Common Good


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I’ve always supported small business, including having my own little media operation that has long allowed me to run my mouth for a living.

One of the greatest aspects of being small – as opposed to corporation, conglomerate, or chain – is that you’re the boss. I don’t mean bossy, autocratic, “The Big Jerk.” I mean you have the flexibility to shape the enterprise according to deeper values than selfish profit and business “efficiency.” Concepts like fairness, integrity, community, diversity – even fun – come to the fore.

Despite today’s corporatized, politically-rigid economic order, such value-driven small business mavericks flourish all across America. For example, P. Terry’s Burger Stand here in Austin. Started 20 years ago by Patrick and Kathy Terry, it’s a small local chain of 38 restaurants embracing the down-home ideals of quality, affordability, and community support.

But they also nurtured a core element of good business that is too often disregarded: Employees. As Kathy put it: “We believed that taking care of people – and building a great business – were not competing ideas.” Fair wages, basic needs, respect, belonging, advancement, happiness – these are the “inputs” that actually matter to the people who do the work and, through them, generate business success.

Now the Terry’s are taking two big steps to expand their ideals. One, they’ve set up a company-wide profit-sharing system so their 1,800 employees get a share of business income in addition to their paycheck. And two, they’ve created a special trust to provide employee ownership that can carry the values into the future.

To learn more about businesses that live up to such progressive ideals, go to the National Center for Employee Ownership: nceo.org

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Jim Hightower's Radio LowdownBy Jim Hightower

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