Small Business School
The transcript for this episode
Small Business School  last update: March 2007  |   go to the homepageSmall Business School
Small Business School
Small Business School
Small Business School
Small Business School Small Business School
Ownership Nation
Small Business School
Overview Transcript Case Study Video
Ray Smilor runs the Beyster Institute.
Ray Smilor runs the Beyster Institute.
Small Business School
Small Business School
Small Business School
Learn From A Big Guy
Small Business School

HATTIE: So tell me about where we are.

RAY: This is a little bit of paradise, La Jolla Cove.

Small Business School Small Business School Small Business School
WATCH TELEVISION THAT TEACHES
Small Business School Small Business School Small Business School
Small Business School Small Business School Small Business School Small Business School
Transcript Segments
Small Business School
1. Give Employees Ownership
2. Learn From A Big Guy
3. Die In Peace
4. Use Ownership To Recruit
5. Take Out Some Cash
6. Value Your Business
Small Business School
7. Teach Ownership Thinking
Small Business School
8. Be A Team Player

HATTIE: Looks gorgeous today. (Voiceover) Dr. Ray Smilor is president of the Beyster Institute which was founded by Dr. Bob Beyster in 1986.

RAY: The Beyster Institute is a not-for-profit education corporation, and we train entrepreneurs around the world. We help them build their companies, Hattie, and we help them think about strategies to grow their companies, a primary strategy being employee ownership.

Dr. Bob Beyster is the founder, CEO, chairman and president of SAIC, Science Applications International Corporation. He started SAIC in 1969 from scratch. A nuclear physicist turned entrepreneur, he left the National Laboratory to start this company to do small research projects. And along the way he had one key passion and his passion was employee ownership. He had this firm belief that people who build a company should own it and from that sprang a remarkable company.

Today, SAIC does $6 billion a year. He has 41,000 employee-owners around the world. It is a remarkable high-tech company based on his passion and his belief about employee ownership.

At the start he didn't know how to do it, so he started sharing equity and he started giving stock and he started giving options. And along the way the company has evolved a very elaborate but very effective way to get employees thinking and acting like owners.

Review the study guide

Small Business School  
Small Business School
Small Business School

The Small Business Index of Learning Companies
Click here to be listed and linked from within this site
.