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What's a Cooperative?

What's a Cooperative?

Bob avatar
Written by Bob
Updated this week

Welcome to the Wonderful World of Worker Cooperatives!

Are you interested in a unique type of business that puts the power in the hands of its workers? Look no further than worker cooperatives! These special businesses are owned and operated by the very people who work in them, making them a truly special place to grow and thrive.

Ownership and Control

In a worker cooperative, every worker is an owner. This means that they not only have a say in how the business is run, but also how profits are shared. This creates a sense of ownership and responsibility among all workers, leading to a more collaborative and supportive work environment.

Democratic Governance

Worker cooperatives operate on a democratic principle, where each member (worker) has an equal vote, regardless of their position or investment. This means that decisions are made collectively and everyone's voice is heard and valued.

Profit Sharing

One of the unique aspects of worker cooperatives is their approach to profit sharing. Instead of profits going to a select few at the top, they are distributed among all worker-members. This distribution often reflects each member's contributions to the business, creating a fair and equitable system.

Values-Driven

Worker cooperatives are not just about making money. They are driven by values such as empowering workers, uplifting the community, and promoting sustainable practices. This makes them not only a great place to work, but also a positive force in the world.

Examples

You can find worker cooperatives in all sorts of businesses, from cozy cafes to cleaning services to childcare centers and more! These businesses are proof that the worker cooperative model can be successful in a variety of industries.

Benefits

So why should you consider working for or supporting a worker cooperative? For starters, they provide stable jobs and opportunities for growth and training. But perhaps the most significant benefit is the sense of ownership and control that comes with being a member of a worker cooperative. This can lead to a more fulfilling and satisfying work experience for everyone involved.

So there you have it, a brief introduction to the world of worker cooperatives. We hope this has piqued your interest and inspired you to learn more about this unique and empowering business model.

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