Life (and EO) is Relationships
22 July 2025
"Life is relationships, and the rest is just details" so stated Gary Smalley in his book, the DNA of Relationships, when he was focusing on a fundamental of business.

When the author Gary Smalley famously stated in his book the DNA of Relationships that “Life is relationships, and the rest is just details” he was focusing on a fundamental element of every business that we overlook at a great cost.
The most recent Gallup poll on employee engagement, Gallup 2024, found that in the UK only 10% of employees say they feel engaged with their organisation.
The main reason they give is not to do with pay or conditions but to do with the fact they don’t feel listened to.
Yet when talking to people in the EO world it’s curious how often the focus is on the legal and financial rather than the value of this very basic human need that we all have to feel understood, whether that is an employee, a Senior Leader, a new CEO or crucially someone selling their business.
The consequences can be significant.
Not just in missing out on the benefits of engaged employees but also of the losses of value from such potentially broken relationships between outgoing owners and new management, between executive boards and EOT trust boards, and between employee representative groups and both the executive board and trustees.
So, what can be done about this? How do we go about building relationships within our organisations that add, rather than take away, value from the bottom line?
It all starts by building an ability to understand the needs of all these varied groups.
So, what exactly are these needs?
A productive place to start to answer this question is a framework developed by Tony Robbins, one of the world’s leading thinkers on personal development, who in turn, based his framework on the work of renowned psychologist Abraham Maslow and the conflict scholar John Burton.
Maslow famously talked about a hierarchy of human needs, starting with basic elements such as food, water and shelter and working up through safety, love/belonging and esteem to, at the pinnacle, self–actualisation. Burton and others challenged this, however, suggesting that human needs are simultaneous, not hierarchical.
Robbins synthesised the positions, arguing that everybody is driven by a need to fulfil one or more of six basic human needs. While everyone has elements of all six, as we are all unique, the value that someone places on each will always be specific to them. Indeed, the emphasis can often shift as we go through life.
Robbins' six basic needs
- Certainty – to feel safe, comfortable and secure. That things will unfold as imagined
- Uncertainty – that life will serve up its share of variety
- Significance – the sense of being special or unique to a group or someone, feeling wanted and that people care about you. This includes achieving things, solving big problems & building things
- Connection – the feeling of connection to someone or something beyond yourself
- Growth – the feeling that we’re making progress intellectually, emotionally, financially, spiritually and even physically
- Contribution – the feeling that we’re part of something bigger than ourselves. Looking beyond our own needs, giving to others with no expectation of gain, and leaving a legacy.
Having defined them how can they be used practically in the context of the relationships that exist within an employee owned business?
The answer lies in using them as a lens through which to understand and assess the new, and changing key relationships created in the transition and ongoing operation of an EO company.
As an owner selling your business it means reflecting both on your needs and the needs of the new management beyond financial benefit. For example, how will the change impact your need for significance and contribution that has been met historically by being the boss.
Likewise, how might the new management reflect on their needs and that of the changing needs of the owner who has sold them the business. For example, how happy might a manager who had their need for certainty fed by being a member of a solid team led by the owner be feeling about the increase in uncertainty that comes from the responsibility of being in charge.
Equally how might various employees feel about the opportunities open to them with the new ownership structures. Who might be interested in the chance for significance and contribution, and who wants the same certainty that they had before.
Immense value can be created by understanding the changing outlooks of everyone involved. By the same token, ignoring them has the potential to create all kinds of destructive conflict.
To paraphrase "Employee Ownership is relationships and the rest is just details". We ignore them at our cost.
The Author
Craig Carey is co-founder of Bubble Chamber https://www.bubblechamber.net/ a business consultancy working with businesses in the 4th sector to create positive change by balancing impact with financial sustainability. Skills that directly align to the positive impact he can bring to employee owned businesses across all sectors and specialisms when acting as an independent trustee.

Employee ownership can represent a transformative opportunity for businesses to align the interests of their workforce and leadership, fostering shared commitment and long-term stability. By prioritizing the principles of collaboration and mutual investment, companies can unlock tangible benefits that extend far beyond the financial. To generate full benefit from EO there needs to be clarity of purpose and future direction, as well as an understanding across all employees of both the potential benefits as well as the expectation of their contribution. Here we identify a few of the advantages of EO. Driving Engagement and Commitment One of the standout advantages of employee ownership is the way it empowers employees. When they hold a meaningful stake in the company, their day-to-day work directly contributes to its success, creating a stronger sense of accountability and purpose. This commitment often translates into higher engagement levels, as employees feel personally invested in achieving goals and driving innovation. Key to delivering against this is explaining where and how each individual, and their role can, and does, make a difference. Building Resilience for Economic Challenges Employee-owned companies are uniquely positioned to navigate economic uncertainties. The shared ownership model fosters a collective spirit that can strengthen a business’s ability to adapt and endure. Resilience is built not just through financial stability, but through the unity and determination of a workforce working toward common objectives. This resilience will not mean that tough decisions will not have to be made, but it should mean that such decisions are made from a wider perspective than pure financials. As such, these businesses are more likely to weather external impacts without resorting to lay-offs or shrinkage. Attracting Talent and Retaining Expertise In competitive industries, the promise of employee ownership can serve as a compelling incentive for recruitment and retention. Offering equity or ownership stakes sets businesses apart, providing a tangible demonstration of their commitment to employee welfare and growth. For those seeking long-term career opportunities, employee ownership usually translates into offering in role development and investment in people, making it an attractive proposition. Strategies for Effective Implementation To make the most of employee ownership, businesses must focus on several key strategies: Embedding a Collaborative Culture : Encouraging open dialogue and transparent communications reinforces the principles of ownership, driving both engagement and innovation. Educating Employees : Ongoing education and training ensure employees are equipped to make meaningful contributions to the company’s performance, and commit to a long-term commitment to stay. Strategic Goal Alignment : Clearly defined goals that align with business goals can help employees and leadership work harmoniously toward shared objectives. Monitoring Performance : Using metrics to track the impact of employee ownership ensures businesses can refine their approach over time, identifying further opportunities and maximizing benefits for all. A Model for Sustainable Success Leveraging employee ownership is not just about reshaping company structures - it’s about fostering a new mindset, one that prioritizes collaboration, resilience, and shared prosperity. By embracing this model, businesses can position themselves as leaders in sustainable growth, innovation, and employee empowerment. If you would like to benefit from the combined experience and knowledge of IDT and its members, consider appointing one of our trustees as your independent trustee. Whatever stage of EO you are at, whether you are a large or small organisation, are seeking your first, or a new or additional, independent trustee, we are sure we have somebody who could work with you for the benefit of your EO business. If you would like to know more, or would like to schedule a confidential, no strings, chat about your independent trustee requirements, please email info@directorsandtrustees.co.uk