this post was submitted on 30 Jan 2024
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Sadly you often need a lot of capital, a resource available largely to the wealthy.
Details matter, but there are low capital businesses. Ice cream and pizza shops as examples.
Also, this is a website with a lot of tech professionals. You can get together a few fellow professionals and set up a coop. Law offices are kinda like that with partners being owners. You can follow the partner model which is very bougieoise or you can include even your cleaning staff as coowners. It’s not like starting a factory
I’d probably need at least half a million to start a business in my industry (early childhood education).
Yeah that’s fair. I work in industrial settings so I’m in a similar boat. Historically when my folks obtain the means of production force is involved. You probably shouldn’t do that one either.
A daycare, or something else?
We need more daycares, so I encourage you to challenge the idea of it costing so much up front.
Kinda a disparaging name for the industry, but close enough.
There’s a lot of things you’re required to have in my country to open one, for obvious safety and education reasons. Add to that exorbitant prices on renting a suitable site.
I apologize. It was not my aim to insult.
Nah it’s okay, many people unfortunately still call it that.
I have been thinking of doing exactly this. Super intimidating though.
I keep getting hung up on which step to do first. Get customers, contracts for customers, advertising, or processes.
Try talking to small business incubators. They don’t need to know you’re planning to create a worker owned coop.
And remember, if you take on business debts in the beginning, so long as they’re well documented it’s ok to charge all that to the company as loans to you. I would gladly join a coop that pays its debts to its members