Becoming a steward-owned entity involves several initial steps:1. Identify Your Core Motivation:
Begin by determining your primary reasons for pursuing steward-ownership. Understand why it matters to you and aligns with your organization's values and long-term goals.
2. Engage Early Stakeholders:
Convince early stakeholders by emphasizing the simplicity and authenticity of starting from scratch. Communicate the advantages of a steward-owned model, highlighting its straightforwardness compared to traditional ownership structures.3.Design Organizational Structure:
Decide on an initial organizational structure that aligns with your current needs. Opt for a foundational structure initially, as it's legally simpler and cost-effective. This basic structure provides flexibility for future adjustments, especially when external investment becomes a consideration.4. Establish Legal Structures:
Set up the new legal structures required for steward-ownership. Depending on the complexity, seek standard documentation or legal guidance from platforms like We Are Stewards. Consider reaching out to experts like Gijsbert Koren for advice, especially for more intricate setups.5. Share Your Progress and Story:
Communicate your journey openly. Share your experiences, challenges, and achievements as you transition into steward-ownership. Encourage dialogue and questions from others interested in this model, and foster a community around your story.For our organization, starting this process was straightforward, thanks to standard documentation from We Are Stewards. However, for those navigating more complex setups or seeking additional guidance, reaching out to experts like Gijsbert Koren
is highly recommended. We're open to sharing our insights and experiences, so feel free to reach out to us with any questions or inquiries.
Is becoming a steward ownership company something you’re meant to do too? Have a look into the resources linked above, and let us know if you decide to go this path!