US EditionLending a Helping Hand to Co-ops in Financial Trouble
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Lending a Helping Hand to Co-ops in Financial Trouble
“Cost containment is a big concern for every business, but especially for worker co-ops who almost never have the cushion of investor cash to fall back on when the numbers don’t add up.” “In the video below, Ai Van Kok discusses her experience helping worker co-ops in financial distress using a tool called “The £1 Model.” The model simplifies the traditional profit-and-loss statement in a way that makes a co-op’s finances easy to understand and …
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