8:30am - 10:30am
How to Transform an Existing Business into a Successful and Sustainable Co-op
Date: November 12, 2014
Location: CSI Annex, 720 Bathurst, 1st floor, The Garage
It’s a rewarding challenge to create any business from scratch. Unfortunately, eight out of ten start-up businesses fail. There is another alternative: transforming an existing business to a co-operatively-owned enterprise. As baby-boomer small business owners and entrepreneurs prepare to move into retirement, employee buyouts and community co-ops may be the fast-track to launching a successful social enterprise.
Learn how to assess opportunities and the steps to a successful conversion.
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The Co-op Model Workshop Series
Co-operatives are a distinctive and highly successful form of social enterprise. One or more stakeholder groups (consumers, employees, entrepreneurs, and/or other organizations) jointly own and democratically direct the enterprise to meet their objectives. In Ontario alone, we have more than 1,200 co-operative enterprises and organizations in 400 communities with 15,000 employees.
The Shared Ownership Workshop Series is a joint initiative of Centre for Social Innovation, Enterprise Toronto and On Co-op.
In this series of three workshops, participants will learn about the distinctive features and values of co-operative enterprises; how these enterprises are structured and incorporated, with a focus on employee-owned co-operatives; and how succession planning can be used to transform an existing business into a co-operative enterprise. Participants will also have opportunity to engage with co-op practitioners and entrepreneurs.
