Many people have excellent entrepreneurial ideas, but the lack of capital prevents them from starting their own businesses. Some completely give up on their business ideas, while others dare to seek investors who would support their ventures. However, there is one man who managed to start a business from scratch without investors or loans.
James William Awad is a Canadian entrepreneur and the founder of the world’s first decentralized company called TripleOne. A decentralized company structure means that there is no top management that makes all the decisions. Instead, all employees are treated equally and have a say in the decision-making process. TripleOne has employees who are in charge of the internal development. All the others who join TripleOne are not called employees, but users and they serve as owners of the company who get to give suggestions, vote for others’ ideas, and determine their own working hours.
TripleOne: A Decentralized Company Without Debts or Investors
As James William Awad pointed out on his Instagram (@senior), no one is allowed to invest in TripleOne except Awad 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.
To secure enough money for each project, an investment session is held at TripleOne on the first day of each month. During this session, a percentage of TripleOne’s cash balance is set aside and used to purchase the stocks for TripleOne when a portfolio is chosen. The percentage is recommended by licensed users’ input when they vote on a stock portfolio project. As already mentioned, all licensed users can upload their stock portfolio, and the one that has the most votes “wins.”
Since TripleOne has no debt or investors, the company can enjoy full freedom and financial independence. TripleOne users have complete control over their company and they get to be the ones who decide on the future of the business.
The concept behind TripleOne is quite simple. All members of this decentralized company work together to build projects and ensure growth. Each TripleOne user can suggest project ideas and vote for others’ suggestions. Once a project gets enough positive votes and is accepted, multiple jobs necessary to complete the project are created.
In addition, the lack of outside investors, bosses, or a board of directors allows TripleOne to secure excellent salaries for its users. TripleOne users don’t have traditional fixed salaries. Instead, their earnings are determined by their contribution to the company for that month. When users give suggestions, vote, and complete tasks, they earn points. At the end of the month, the points are translated into real money.
The amount of money a user will receive depends on how many points one earned and how many points other users earned. To better explain this, let’s look at some numbers. If the total rewards calculation for a month is $2,000 for all TripleOne Points, the money will be distributed according to each user’s points. If User A earns 100 points and User B earns the same amount, both users will receive 50% of the rewards calculation, resulting in a payment of $1,000 to each of them.
In addition to this innovative salary system, TripleOne allows its users to become entrepreneurs, even if they don’t have any capital to start with. Each user can present their idea for a new project, no matter how quirky or outlandish it is. If other users like it and vote for it, the idea will turn into a real-time project. The lack of investors makes this process quite straightforward, as decision-making depends solely on TripleOne users. The most remarkable part is that users don’t have to invest a single penny into their project; the company is self-sufficient and will ensure the funding.
TripleOne is the first decentralized company in the world that allows its users to be in charge of everything, starting from their working hours to the company’s growth. The projects at TripleOne are always exciting and dynamic and can range from real estate and investment opportunities to food and fitness. Each project provides multiple jobs, and every user will likely get a chance to work on something they enjoy. The best part is that all the work can be done from the comfort of one’s home.
Stay up to date with news related to TripleOne by following the company on Instagram (@tripleone). If you’re interested in joining this revolutionary business and ultimately transforming your life, make sure to sign up at TripleOne’s official website.
