Try typing something like "creative blocks", "spiral", "world", "green" or "blue" and our snail will find what you're looking for. Our hope is that by developing this model, it can be a seed for something transformative: ideally a new economic operating system for sustainable community support. Idealism aside, starting a cooperative business is not easy. Perhaps due to a residual Cold War-era aversion to anything resembling a critique of capitalism, alternatives to investor-owned corporations are barely taught in the vast majority of American business and law schools. Recognizable names like R.
This article deals with the conversion of an existing business to a worker-owned cooperative. Specifically, it lays out a basic strategy for allowing employees of a profitable company with publicly-traded securities to effectively convert to a worker cooperative in the absence of owner permission. The strategy is laid out below, but before we get to that, there are a few philosophical and financial issues that need addressing. A Question of Value s.
Cooperatives represent a growing segment of the economy with an estimated 30, enterprises and million members in the United States alone. A great way to bring democracy into the workplace, co-ops can be built from scratch, but they can also be created by converting existing businesses into worker-owned cooperatives. For retiring business owners as well as entrepreneurs, selling a business to employees is a way to strengthen the business while getting a return on investment. Melissa Hoover, executive director of the Democracy at Work Institute DAWI , says that co-op conversions are one of the most promising sources of new cooperatives as they already have customers, assets and employees, which makes it less risky than a startup. She also notes that those co-ops created from conversions are among the most passionate members of the US Federation of Worker Cooperatives.
From grocery stores to outdoor goods retailers to software creators, more cooperatives are springing up both in the United States and around the world. Have you considered starting a new business venture with this organizational structure? In this article, we explain what cooperatives in business are, the benefits and disadvantages of them, and how to start this kind of business. Sound good? Cooperatives come in many different shapes and sizes.