If you pay attention to the news, we’re in a recession and perhaps a second Great Depression. In my case it’s affected me personally, soon I’ll be in Ithaca trying to get back on my feet, but in the here and now I’m stuck on a remote farm unemployed and sponging off family.
I’ve been thinking about what’s possible in the here and now, and the gross stuff – money!
A couple thoughts are in my head. For example, employees are slaves that are rented and paid. Free people own their own business. A business meme is that employees must be hungry or they won’t work. Employees, if they work hard and make a lot of profit for their employer, they see no benefit themselves – that’s what makes an employee a slave, the static pay-scale exploits them when business does well. The static pay-scale kills a business when business does poorly. So just looking from businesses doing poorly, Trade Unions get grief from business hypnotized conservatives.
So, just coming from employment as renting slaves and slavery being bad and wrong – the idea of ‘employee owned’ gets awesomely validated. But at the cost of the capitalist meme? If you don’t want to be rich, meaning richer than others, it’s because you’re lying to yourself or you’re very accomplished at the non attachment thing. And if you’re really above greed, you don’t suppose you wouldn’t be an ideal steward of weath?
So I have all this graphic design and screen printing expertise, and no one will hire me for that in Ithaca. I can get a basic set up for a few grand and start printing REALLY NICE t-shirts. Ithaca is a college town, t-shirts can sell there. That’s my personal idea. I got other ideas too (refurbishing cheap computers, custom painting them, installing a customized ‘edubuntu’ OS and selling to Ithacan’s as kid’s computers for modest profit). Worst case scenario, is I’m making shirts and selling them at local markets and making a very modest supplement to my job income. Best case scenario, I get a lot of business and have to buy serious hard ware and hire people to keep up production to meet the demand.
There’s no serious silk screen printer in Ithaca, other than an ‘eco friendly’ tshirt business that has child friendly graphics I don’t care for and is limited to cutting film for designs (the photo emulsion technique I’d use is also mildly toxic, they’d never touch it). Ithaca has school teams and is local to many small towns with school teams, college groups … and so forth that will buy custom t-shirts. I’m a kick ass graphic artist so I can make their crude efforts cool. So I’m optimistic a silk screen business in Ithaca could attract considerable business and I’d have to look at actually hiring people.
But how do I do it? I wanna get rich, so I should hire folks as temporary slaves at minimum wage and take all the profit myself right? But, I’ve worked in the silk screen business. The employees can be hard on equipment and let a lot of bad prints pass if I don’t hire someone to manage them and be a hard ass. Is there an alternative to exploitation? Employee owned? Fuck that! It’s MY company, It’s my idea! I want the ownership, the money! And what about stock? I’ll need to sell stock to raise money, no?
So here’s my idea: 51, 40,9. I retain 51% ownership, 40% ownership is reserved for employees, 9% ownership is available for outsiders to purchase. New employees would have some of their pay reserved to buy their share, this would be mandatory, and should they quit or be fired, that money would be returned to them. It’s make book keeping a headache. C’est la Vie.
But just thinking about it, the more money the company makes, the more money employees make. If the business is failing, as owners the employees will take the necessary pay cuts if that’s what’s required to save the business. But no pay cut or increase is permanent – it’s all contingent on how well the business does. And the workers, the prints we produce are THEIRS, there could even be a sense of pride. Who knows?
So yeah, I’m new to the business thing. Feedback would be appreciated. I figure if there’s no jobs, we got to start a business and make our own damn job. In Ithaca as a local I can get shit jobs with local employment agencies (it’s what businesses do with no employees -use temps as needed) and raise some money (helps I’m single and can live like a pauper comfortably). I will write up a business plan and try to get a loan, I know banks don’t give loans, but the Ithaca Credit Union might and there is little competition. Wish me luck.
Yeah, on kitschchaos.com I’m all about online marketing and I’ll keep a foot in that too. You Google "Ithaca silk screen" and you get a business in Iowa – so I figure I’ll start a business in Ithaca and pitch it to people living in Iowa. lol.