A Model for Business

Overview

I want to build a business, but the kind of business I've wished every business I've ever worked for was.  The service this business offers isn't as important to me as how the business itself is structured.  I've come up with a few ideas, and any feedback on whether those ideas are good or bad are welcome in the comments on this post.  I know I used a goofy banner to grab your attention in your newsfeed, but I am serious about this.

Employee Owned and Operated

The business I want to build will depend on its employees to be successful, so I think it's prudent to rely on the employees' own natural self-interest to motivate them to work harder for the company. Part of an employee's compensation would be company stock, which given enough time would eventually lead to employees collectively having controlling interest in the company. 

Employees Win in Three Ways

-Wages:  Fair wages are just the cake.

-Stocks:  Stocks are the icing on the cake

-Stock Dividends:  The cherry on top of the cake, a nice little monthly payment to the shareholders for every share they own.

Work From Home

Nothing cuts down on overhead for both employer and employee like working from home.  While this strategy isn't loved by some employers, I think with the incentive of being stockholders of the company the employees do not need the threat of a supervisor catching them slacking at their desks.  After all, they're only hurting themselves and their coworkers if they aren't pulling their weight.  Also, it's not impossible to monitor productivity levels while an employee is working remotely.  

Meritocracy

One thing most businesses I've worked for aren't is a meritocracy.  Office politics and nepotism shatter the illusion that working hard will get you the recognition you deserve.  I'm seeking to build a corporate structure that eliminates, or at least minimizes any advantage gained from brown-nosing or being related to someone.  So many managers I've worked with are willing to sacrifice the success of the company to soothe their own fragile ego, and that's why office politics plagues businesses today.  Coming up with policies that avoid these inefficiencies while promoting a true meritocracy will be a difficult challenge.  

Feedback Requested

What do you think of these ideas?  A worthwhile endeavor, or a pipe dream?  I'd appreciate any and all feedback you can think of giving.  Would you want to work for a company like this?  Would you want to do business with a company like this?  Is anything I've written above misguided in your opinion?   I eagerly await your replies in the comment section below.