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by pdonis 1096 days ago
> you own their full time focus five days a week

That is the kind of "ownership" that the article is describing, but I don't think it's actually true. Even employees sitting in a office aren't focusing full time on the business for every single minute they are in the office.

That's why I phrased it instead in terms of assignments and how specific the definition of the job is, as compared with an independent contractor. You might not be focused on the business every single minute of your nominal working hours--but your boss can come to you in any one of those minutes and basically redefine what your job is. That's what the company "owns" if you are an employee. And that can happen just as easily if you're remote.

> it's also about owning part of the business

But employees, unless they are also stockholders, don't own any part of the business. And even in cases where employees do own stock on paper, their ownership share is so tiny that it arguably does not provide any meaningful motivation.

2 comments

Yeah I agree with that. It's about owning your "main" focus. Being late one day and having the excuse that you had to do another job would not be ok, yet you can give many other typical excuses regarding family or dealing with life in general.

> But employees, unless they are also stockholders, don't own any part of the business. And even in cases where employees do own stock on paper, their ownership share is so tiny that it arguably does not provide any meaningful motivation.

Right, even though you don't own the business, it seems the expectation is still to behave in a way that you do. That is at least rewarded, if not punished by not promoting and/or having a negative review because you don't have the "soft skills".

Don't forget equity agreements that effectively prevent you from owning anything unless a "liquidity event" happens.