vision: an ontario where co-operatives contribute to the sustainability and growth of our economy...
TRANSCRIPT
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Vision: An Ontario where co-operatives contribute to the sustainability and growth of our economy and communities.
Mission: To lead, cultivate and connect the co-operative sector
Ontario Co-operative Association
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Topics
Co-operatives in GeneralLocal Food Co-ops – OpportunitiesLocal Food Co-ops – IssuesSteps to Starting a Co-opResources
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A Co-operative is . . . An autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise.
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Where do Co-ops come from?
Co-ops have strong roots in both 19th century rural communities and the newly industrialized urban areas of the late 1800sFocus on providing goods and services to members meant co-ops were formed to provide:
Essential services in under-resourced communitiesFair and accessible alternatives to existing services
Many of these same motivations exist today, but with additional pressures and trends
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Co-operative Principles
1. Voluntary and open membership2. Democratic member control3. Member economic participation4. Autonomy and independence5. Education, training and information sharing6. Co-operation among co-operatives7. Concern for community
Elaborated in 1995 by the International Co-operative Alliance
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Co-op Values
Co-operatives are based on the values of self-help, self-responsibility, democracy, equality, equity and solidarity.
In the tradition of their founders, co-operative members believe in the ethical values of honesty, openness, social responsibility and caring for others.
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Co-ops Around the World
One billion people25% increase since 2007
Driven by principles and values100 million jobs
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Co-operatives by Sector(Canada 2007)
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Co-ops in Canada
Canada’s 10,000+ co-ops and credit unions have combined assets of approximately $167 billionCo-ops and credit unions employ over 160,000 peopleCo-op success rate is 2x private businessFor profit and not-for-profit8 out of 10 Canadians support co-ops over large corporations
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Benefits of Co-operatives Fulfills people’s needs
Creates jobs
Supports the triple bottom line (economic, social and ecological)
Builds and enhances local prosperity
Enhances democratic participation
Twice the survival rate of regular businesses
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Opportunities
Fastest growing co-operative sector in OntarioGrowing interest in local/known foodMomentum in Northern Ontario and established co-operativesResources availableDemocracy
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Issues
GovernanceGrant RelianceFinancialEnergy DissipationMembership EngagementMust meet the needs of customersDemocracy
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Best Advice-Strong Planning and Development
Basic Business FeasibilityGovernance StructureBusiness Plan
Decrease risk of business failingDiminish Risk of Costly Mistakes
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10 Steps to Develop a Co-op
Identify a real need/opportunityAssemble a committed group of interested peopleConduct a basic feasibility study: market review and financial feasibilityWrite a comprehensive business planDetermine the organizational structure/governance decisions
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10 steps continued
Incorporate the co-operativeRecruit and educate membersHave the first General MeetingOpen for business
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Notes on 10 steps
Not linearStarting a business is a complex activityRange of skills required, range of people involvedWeeks, monthsYou do not have to re-invent the wheel
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Incorporating a Co-operative
5 people (3 for a worker co-op)Co-operative Corporations Act (Guide Available through On Co-op)Articles of Incorporation and bylawsRegulating body: Financial Services Commission of Ontario (FSCO)
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Contact InformationMaureen Strickland 705-207-1913
Ontario Co-operative Associationwww.ontario.coop
LOFC – Local Organic Food Co-operatives
www.cultivatingfoodcoops.net