WolfpackN64 on 25 May 2016
| nanarchy said: I only know of 3 cooperatives locally, all have gone bust. (one milk producer, a recycler and a clothing manufacturer). Cooperatives are generally too inflexible to survive in uncertain economic times (one of the reasons you don't see more of them), I am sure there are some success stories too but I doubt they outnumber the failures, when you run at lower profit margins a small downturn can mean the entire business goes broke. |
Of course they can go broke. But they generally do survive longer. Most hurdles are finding starting capital and trying to fend off sometimes agressive competition.
