A cooperative is a business that is owned and democratically controlled by its members. In a co-op, the members are the owners and they share in the profits and control over the business. Members can be individuals or organizations. Co-ops offer many benefits to their members, including lower prices on goods/services because there’s no outside ownership interest to take into account.
If you’ve never really stopped to think about what type of business you’re running, it’s high time that you do so! Are you offering people something they want to buy or are you selling them something they need? Do you deal in physical products, digital products, or services?
Understanding the answers to these questions will help both your marketing and management efforts in the long run. Our guide on how to figure out what type of business you’re in can help.
Are you in the right business? This can be tough to answer, especially if you’re just getting started with your company and aren’t sure what types of products or services you want to offer. However, if you answer these 10 questions, we can help you make sure that you’re in the right business so that your hard work doesn’t go to waste!