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Benefits of being in a Collective

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There are many benefits of being in a collective, a coop and collective are used interchangeably.

collectives coop, people

The differences between the two are:
A collective is a group of entities that share or are motivated by at least one common issue or interest, or work together to achieve a common objective. A collective is an organization that is managed without hierarchy, more like a worker cooperative.

A cooperative is an organization that is owned and democratically-governed by its members, there is a board, a manger people who are making the day to day decisions. Members do have a say with a vote.

The collective co-operative values are:
• Self-help  –  we help people to help themselves
• Self-responsibility  –  we take responsibility for, and answer to our actions
• Democracy  –  we give our members a say in the way we run our businesses
• Equality  –  no matter how much money a member invests in their share account, they still have one vote
• Equity –  we carry out our business in a way that is fair and unbiased
• Solidarity  –  we share interests and common purposes with our members and other co-operatives.

The ethical values match:
• Openness  –  nobody’s perfect, and we won’t hide it when we’re not
• Honesty  –  we are honest about what we do and the way we do it
• Social responsibility  –  we encourage people to take responsibility for their own community, and work together to improve it
• Caring for others  –  we regularly fund charities and local community groups from the profits of our businesses.

The principles are the way we put our values into action:
• Voluntary and open membership  –  membership is open to everyone
• Democratic member control  –  all members have an equal voice in making policies and electing representatives
• Member economic participation  –  all profits are controlled democratically by members and for their benefit
• Autonomy and independence  –  co-operatives are always independent, even when they enter into agreements with the Government and other organisations
• Education, training and information  –  co-operatives educate and develop their members as well as their staff
• Co-operation amongst co-operatives  –  co-operatives work together with other co‑operatives to strengthen the co-operative movement as a whole
• Concern for community  –  co-operatives also work to improve and develop the community, both locally and internationally.

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