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what is Consumers’ co-operative?

A consumers’ co-operative is a business owned and run by its members, who are also its customers. It is a type of cooperative, which is an enterprise that is owned and controlled by the people who use its services or products.

Most consumers’ co-operatives sell food and groceries, but there are also many that sell other goods and services, such as petrol, travel, insurance, legal services, and electrical goods. the members have an equal say in how the business is run. They elect a board of directors to make decisions on their behalf and they can vote on changes to the rules of the co-operative. The board is accountable to the members and can be removed by them if they are not happy with the way the co-operative is being run.

Consumers’ co-operatives usually operate on a not-for-profit basis, with any surpluses being reinvested in the business or used to benefit the members in some other way, such as by reducing prices.

There are many different types of consumer co-operative, from small, local businesses to large national and international organizations. The largest co-operative in the world is the “Co-operative Group” in the UK, which has over six million members and a turnover of more than £13 billion.

The business model has been around for many years and its popularity has grown in recent years as people have become more interested in supporting businesses that are owned by their customers and that have ethical values. If you are interested in setting up a consumers’ co-operative, there are a number of things you need to do.

Firstly, you need to find a group of people who share your vision for the business and who are willing to become members. You will also need to draw up a constitution that sets out the rules of the co-operative and how it will be run.

You will need to register the co-operative with the relevant authorities and open a bank account. Once you have done this, you can start trading.

It is important to remember that a consumer’s co-operative is a business like any other and you will need to make sure that it is run in a professional and efficient manner if you want it to be successful.

You will also need to make sure that you comply with all the legal requirements that apply to businesses in your country.

A D D M Y S T A R T U P

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