Co-operative Business Model

A co-operative business model is an organization owned and operated by its members, who share benefits and decision-making. Members could be customers, employees, or producers, depending on the co-op's purpose. Instead of profit being directed to external shareholders, any surplus is reinvested or distributed among members. This structure fosters democratic control, ensuring everyone has a say in how the business is run. Co-operatives are often formed to meet common needs, such as buying in bulk, providing services, or selling products, emphasizing mutual support and community benefit over individual profit.