The 7 Guiding Principles of Co-Op Businesses

Cooperative businesses are everywhere.

Over 100 million people are members of 47,000 co-ops in the United States alone.  You can find thriving co-ops in all kind of industries – from healthcare to child care.

In fact, you might regularly enjoy the labors of a cooperative without ever knowing it – say reading an Associated Press story on your tablet or drinking a glass of Sunkist orange juice every morning.

That’s because, in most ways, co-ops are just like any other business.

They provide goods or services.  Employ staff to help manage day-to-day operations.  And pay careful attention to bottom-line revenues and expenses.

So what makes them unique?  Check out the infographic below for the seven guiding principles – and major differences – of cooperative businesses.

Seven principles of a cooperative

 

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