A great number of companies and small businesses wouldn’t be able to succeed if they hadn’t taken a loan or found an investor who would support their venture. Even though investors can help a business grow with the additional capital, they do come with strings attached.
Investors and stockholders are mostly interested in profit and short-term goals. This may not always align with the company’s long-term plans. Often, investors want to be involved in the decision-making process. Strategic involvement may cause tension as the investor may wish for the business to move forward in ways the owner finds unprofitable.
However, one recently-founded company is changing the future of business and reshaping the traditional organizational structure. TripleOne is the world’s first decentralized company and has no debt or investors.
TripleOne relies solely on a team environment. In TripleOne, every employee is in charge of shaping the company’s future; everyone has the right to share their ideas and vote for or reject the decisions suggested by others.
Founded by James William Awad, an influential Canadian entrepreneur, TripleOne has already attracted top talent from all over the world and will change the future of business. Here is what sets TripleOne apart from all the other companies.
Company Without Debt or Investors
One remarkable strategy makes TripleOne stand out from all the other companies: it doesn’t accept any investments from other institutions or individuals. TripleOne currently owns 19 companies that secure the funds necessary for the company to run successfully. As James William Awad pointed out on his Instagram (@senior), no one is allowed to invest in TripleOne, except himself. All the funds are generated by the company or provided by Awad. In addition, TripleOne doesn’t have any debt to other institutions or individuals.
Debt plays an essential role in the current performance and future growth of any company. A company with no debt will always be able to secure funds for projects and ensure its employees receive their monthly salaries. As a debt-free company, TripleOne is able to continually improve the efficiency of revenue-generating processes, increase working capital, and add more users to the company.
More Efficient Decision-Making
Since there are no investors or shareholders, the decision-making process is fast and straightforward at TripleOne, allowing the company to expand rapidly. Sometimes, investors have different plans and motivations, which can cause difficulties and tension with decision-making. This can significantly slow down the growth of the company and even have a negative impact on the employees, as investors can add financial, mental, and emotional pressure.
Everyone Can Become an Entrepreneur
One of the reasons why so many people are flocking to TripleOne is that the company’s financial independence ensures unlimited growth potential. Each user is allowed to make a suggestion or share their business idea. If the idea is achievable, other users will vote for it. Once there are enough votes, the idea turns into a project, and users apply for jobs that are created as a result.
This organizational structure allows any user to realize their business idea without investing any money. At the start of each month, TripleOne will set aside a percentage of the company’s balance for the completion of the projects. This way, the funds will always be secured upfront, and TripleOne will never have to seek investors.
Users Earn Points Instead of Salary
TripleOne’s financial independence allowed the company to develop a unique salary system. People who join TripleOne are called users and each user is treated as the owner of the company. All users work together to build projects, complete tasks, and ensure the company’s growth and development.
The salary is flexible and based on the amount of work done for that month. Users choose their own working hours; they can work only a few hours a week or every day. Points are rewarded for every vote, suggestion, or completed task. At the end of the month, all points are calculated and translated into money.
More Innovation and Faster Progress
If there are investors, shareholders, or a board of directors in a company, it can take weeks or months for innovative strategies or ideas to get approved. In most cases, this never-ending approval process turns out to be the death of innovation. Since there are no investors at TripleOne, this process is much shorter and allows the business to be more innovative and move faster.
Last but not least, all work for TripleOne is done online. Because of this, the company accepts all users, regardless of their location or time zone. If you’re interested in becoming a TripleOne team member, make sure to sign up at TripleOne’s official website.