As a starting enterpreneur or an established enterpreneur, co-operation has a major impact on business growth and to achieve much in business, industry, agriculture, finance, transportation, this cooperation brings together energies whether human or mechanical, ideas, plans, capital together to comeup with one definte goal in business.
Business Can be like a football club teammates putting together all their energy to produce one outcome.
The first advantage of co-operation is you will never struggle alot financially because all your capital has been put together which is enough to run the enterprise.
It ensures and encourages member contribution and shared responsibility in trade as everybody in an enterprise is referred as a owner.
This co-operative business system has high advantage to people who are willing to join enterpreneurship but have very little experience in business can relay on others members with experience and it also brings together all types of people with different educational levels, experience and knowledge this develops others.
Co-operative business makes accessing of capital easy as a group because financial institutions value them alot and don't tightly demand loan security.
Co-operative businesses are less taxed by government as they are believed to be developmental advantage to the community this gives members good profits during share division, it also develops all members at once both financially and socially.
For one to benefit fully on this system you must be always self motivated to carryout the enterprise activities efficiently this gives you advantage of leadership as you enjoy more profits through allowances.
Sometimes in a co-operative business most people have two ways of doing it one is through shares and others is equal division of profits, with shares you invest your money in a project and others also do the same each gets a percentage according to the amount you invest when a cooperative makes a loss or profits all members suffer of the business outcome, the second way is the division of profits and loses equally with this one all the cooperative members invest the same amount of money to a project and the enjoy the business outcome together whether a loss or profits. If you want good profits you have to choose a right cooperative to join when do is done you automatically get high profits from the business.
Joining a cooperative business is very wonderful because you become a share holder of a business you can't setup alone due to the cost.
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