Historically, textiles, metals, chemicals, and food processing have been the bread and butter of Greek industry. But the Greek economy has been in a tailspin since 2008 with current unemployment hovering at 25% or more.
Vio.Me needs to develop an accounting function internally to record revenues, the payment of bills, inventorying, fixed assets, supplies, payroll, and other accounting functions. In addition, a formal chart of accounts must be put into place to record transactions uniformly. Periodic audits are another important control to protect the assets of the business from expropriation. Security is a huge area, covering the physical plant, corporate data, and offsite records.
In addition, a board of directors should be appointed to oversee business operations. The Greek government could facilitate the success of this enterprise by waiving unnecessary regulations so that Vio.Me can commence operations as soon as possible.
Successful employee-owned companies include PCL Construction Industries, ATA Engineering, Granite Construction, Chroma Technology, Medtronic, Hypertherm Plasma Cutting Systems, the Railroad Associates Corp, and Biomarc amongst many others. Israel's kibbutzim may also be a model for Vio.Me. There, workplace, residence, medical, and recreational facilities are all centralized under the umbrella of a single community with a high degree of cohesiveness and interdependence of the workforce members.
Early on, Vio.Me could set up work teams with facilitators to manage its people and workflow. Once predictable revenue streams are put into place, Vio.Me can begin a more aggressive push to put into place operating protocols so that operations can run smoothly over time. For now, production has commenced.