Is creating a cooperative a good business?

[Starmix]

Are you a member of a cooperative in the company, school, office, or establishment where you work? What do you notice in your cooperative? One can join a cooperate despite not being part of the company as long as you have a put-up capital. If the cooperative earns from you, you too earn through dividends yearly. You may opt to claim it or let it add to your put-up capital. All the needs of the members in a cooperative are not single-handedly managed by one person. All members' needs can be met without the manager of the coop dominating the decision-making. A cooperative has its own structure to encourage the members to contribute and share responsibility, liability for members is limited. There is also no limit on the number of members.

But a cooperative is a non-profit contrary to the beliefs of others. Earnings generated by the cooperative benefit the members-owner. A cooperative empowers people to join and come together for a coop that serves both individual and community needs. The structure of the coop gives members an advantage over traditional businesses because it is safe and dependable invested whether you are an employee investing your time and energy or an investor looking for a decent return. I am also a member of two cooperatives and every year, there is an assembly and members are so excited to receive their dividends .Are you a member of a cooperative in your place?

 

[Shavkat]

It is a sad thing that we don't have in my community. It would be great if there is. Since we are new to this barangay, I might ask if they do have.

 

[Carson20t]

Excellent thread and one of the potential ways to walk toward financial freedom. A corporative will help a small income to become a huge capital through the power of many by compounding. This is the principle that big businesses employ. The stock market is more like a big corporative because we can invest a little and still get shares and dividends. How I just wish we build something like that here at RIF if we are to see some of our dreams to have 1,000,000 dollars in our account five years from now.

 

[nomad]

Cooperative can become a good business. First of all, you don't have to invest your all money, your members are also investors and they will help you to find your business. Secondly, your members are also customers.

 

[Carson20t]

Cooperative can become a good business. First of all, you don't have to invest your all money, your members are also investors and they will help you to find your business. Secondly, your members are also customers.

I love this, imagine having a thousand members and each member investing $50 to $100 and boom a PLC company is set up and you can get to choose the viable ventures that you can invest in. Do the research and feasibility study. You can even loan members to fund their small businesses and diversify. You can also inter-trade among the 1000 members and get even grow the community. This is how you walk to FINANCIAL FREEDOM.

 

[Starmix]

It is a sad thing that we don't have in my community. It would be great if there is. Since we are new to this barangay, I might ask if they do have.

There should be a small cooperative in your community. There are permits to comply like business permits, You must also incorporate your cooperative into the cooperative groups in our country to support the small and new cooperatives.

 

[flower]

It is a very good investment but the challenges are daunting because you need to understand the intricacies of how to collect loans from people that have taken out money from the society

 

[Starmix]

Usually the cooperatives are accepting only members of their cooperatives and if they failed to pay it's their annual dividends that will be on hold and be released only upon payment of their liabilities.

 

[Reedex]

Creating a cooperative business is a very cool business to make money if you understand how to run it .

 

[uptrendfinancialsignal]

Creating a cooperative business is a very cool business to make money if you understand how to run it .

I agreed that the business is profitable but it could be very dangerous because when you lend money out to members and they didn't pay back, that is when problem will set in.

 

[Reedex]

I agreed that the business is profitable but it could be very dangerous because when you lend money out to members and they didn't pay back, that is when problem will set in.

That is the major challenge in this type of business because there is need for proper management in order to excel with this type of Enterprise.

 

[uptrendfinancialsignal]

That is the major challenge in this type of business because there is need for proper management in order to excel with this type of Enterprise.

If there is no proper management and proper documentation of members who are receiving loans from the organisation, then there will be a serious problem.

 

[Reedex]

If there is no proper management and proper documentation of members who are receiving loans from the organisation, then there will be a serious problem.

It is true that there is need for proper documentation for such business to strive.

 

[eldavis]

Having a cooperative is good within the company, it would help one and other sort out most of their financial issues, but the reason why most people do not join is cause the members are not faithful in most cases.

 

[Reedex]

Having a cooperative is good within the company, it would help one and other sort out most of their financial issues, but the reason why most people do not join is cause the members are not faithful in most cases.

It is one of the lucrative investment that you would love to try by the time you begin to rake in he huge profit that is involved.

 

[astutimeliana723]

There are many advantages that I know of being a member of a cooperative. One of them is that it is easy to get a loan if needed, whether for educational expenses, health costs, additional business capital, and others.

 

[relcap23]

Are you a member of a cooperative in the company, school, office, or establishment where you work? What do you notice in your cooperative? One can join a cooperate despite not being part of the company as long as you have a put-up capital. If the cooperative earns from you, you too earn through dividends yearly. You may opt to claim it or let it add to your put-up capital. All the needs of the members in a cooperative are not single-handedly managed by one person. All members' needs can be met without the manager of the coop dominating the decision-making. A cooperative has its own structure to encourage the members to contribute and share responsibility, liability for members is limited. There is also no limit on the number of members.

But a cooperative is a non-profit contrary to the beliefs of others. Earnings generated by the cooperative benefit the members-owner. A cooperative empowers people to join and come together for a coop that serves both individual and community needs. The structure of the coop gives members an advantage over traditional businesses because it is safe and dependable invested whether you are an employee investing your time and energy or an investor looking for a decent return. I am also a member of two cooperatives and every year, there is an assembly and members are so excited to receive their dividends .Are you a member of a cooperative in your place?

I am a member of a community co-operative and this one has proven that it can survive through years as long as one cooperates and members have discipline especially in managing their account. I am also a board3 of director for our office cooperative in my workplace.

 

[Starmix]

I am a member of a community co-operative and this one has proven that it can survive through years as long as one cooperates and members have discipline especially in managing their account. I am also a board3 of director for our office cooperative in my workplace.

I am also a member of the cooperatives in our university and outside like FICCO. Members are so happy every time there is an assembly done yearly for the distributions of the stocks and dividends. I always add mine to the capital.

 

[Bisolami]

Are you a member of a cooperative in the company, school, office, or establishment where you work? What do you notice in your cooperative? One can join a cooperate despite not being part of the company as long as you have a put-up capital. If the cooperative earns from you, you too earn through dividends yearly. You may opt to claim it or let it add to your put-up capital. All the needs of the members in a cooperative are not single-handedly managed by one person. All members' needs can be met without the manager of the coop dominating the decision-making. A cooperative has its own structure to encourage the members to contribute and share responsibility, liability for members is limited. There is also no limit on the number of members.

But a cooperative is a non-profit contrary to the beliefs of others. Earnings generated by the cooperative benefit the members-owner. A cooperative empowers people to join and come together for a coop that serves both individual and community needs. The structure of the coop gives members an advantage over traditional businesses because it is safe and dependable invested whether you are an employee investing your time and energy or an investor looking for a decent return. I am also a member of two cooperatives and every year, there is an assembly and members are so excited to receive their dividends .Are you a member of a cooperative in your place?

It is a good but risky business because it involves the money of other people.

 

[Starmix]

It is a good but risky business because it involves the money of other people.

Being a member of a cooperative does not have risks, the risks fall into the hands of the coop organizers. But they are so careful not to get swindled by rude members or else all will be affected.