Cooperatives have a rich history rooted in democracy. (University of Wisconsin photo via USDA) |
Myth: Cooperatives are only in agriculture. False. Cooperatives exist in many industries. For example, home health, housing, grocery, rural electric distribution, finance, restaurant supply, outdoor gear, floral delivery, and news reporting.
Myth: Co-ops are charities. False. Cooperatives, like any business, can choose a variety of legal structures depending on where the members choose to incorporate. The difference between non-profit (charitable) and the co-op is how revenue is generated and what is done with the surplus (profit).
The Ocean Spray co-op includes over 700 grower families across North and South America. (Ocean Spray photo) |
Myth: Co-ops can't scale. There is a wide range of sizes for cooperatives. While many start out small, if the need is being met and the business is managed well the co-op will grow. Successful cooperatives are active members of their communities throughout the U.S. and the world. Some recognizable names are: Ace Hardware Corp., Blue Diamond Growers, Sunkist Growers, Independent Pharmacy Coop., and HealthPartners Inc.
For additional information on cooperatives visit:
CIR 7 How to Start a Cooperative; CIR 7 Cómo Empezar Una Cooperativa
SR 58 Feasibility Study Guide
No comments:
Post a Comment