Posted 5 years ago on March 10, 2013, 10:14 p.m. EST by Stormcrow1now
from Jersey City, NJ
This content is user submitted and not an official statement
There have been numerous posts on here regarding cooperatives and how great they seem to be. So if I were to start my own cooperative - how would it be structured or how do you think it should be structured so that everyone benefits-
Lets say I want to start a company that does home improvements.
I would as a minimum need the following:
1 - Building or office to work out of
1 - Office Employee/Office Manager - to manage the finances of the office
1 - Estimator - Take calls, go out and look for jobs and price them up
1 - Employee to deliver the material to the job.
1 - Employee to oversee the jobs and to ensure the job is completed as planned and on schedule. Communicate with the customer to ensure satisfaction.
1 - Crews to do the work.
In addition to the above, other expenses associated with operating the business that would be needed would be phone services, insurance, consumables (office supplies, etc.), permits for each job, business license, along with a vehicle for each crew, and all expenses associated with their operation.
Now I am not sure about how the business would be structured but from what I understand, everyone who works for a company that is a cooperative all have equal say although I could be wrong - that's why I am asking for input.
I would also like some explanation as to your decisions - are they based on personal opinion or on a cooperative business model that you are familiar with. Short paragraph explaining your decision would be fine.
Also if you have any questions and are not sure about something, please do not hesitate to ask.
Keep in mind that the purpose of this business outline is to benefit everyone involved - so look at it from that perspective - .
So, here are few questions I have. They are broken down with regard to participation by a. individual, b. employee or c. both.
Business ownership - individual - employees - both -
Business Start up costs to get the business started - individual - employees - both
Business operation - individual - employees - both
Field operations - individual - employees - both
Job assignments - individual - employees - both
Salaries - individual - employees - both
Hiring/firing - individual - employees - both
Profit Margins - individual - employees - both
Company profit distribution % - individual - employee -both