How Does a Cooperative Work?
The definition of a co-operative business is that they are owned and run by and for their members, whether they are customers, employees or residents. As well as getting the products and services they need, members help shape the decisions their co-operative makes. Rather than rewarding outside investors, a co-operative shares its profits amongst the members or like in Homebaked’s case the members decide together how to invest profits made for community benefit.
Homebaked Co-operative is run like this:
The Board meets monthly, working group meetings take place separately.