Collective Entrepreneurship Based On Teamwork

Description of Challenge

When a person wants to become an entrepreneur doubts are often raised as there are
quite a few competences and skills to develop and challenges to face. This process, if
it is carried out individually, can be hard because there is usually a lot of new things to
learn and much work involved. So how can we find a way to make our idea a reality but
with support from others, rather than trying to do it all on our own? How can we be
more resilient as enterprise?

Solution

Collective/Cooperative entrepreneurship can be a solution in many cases. While it is
not a panacea, it does have a lot of advantages. A team can add to, multiply and
complement each of the competencies and skills of the individuals, bringing a more
powerful approach to the challenge. Each person contributes his/her unique skills and
relationships to the team, building strength and gaining resilience. The key elements of
the cooperative DNA are: democratic management and shared ownership. These
elements play a positive role in the enterprise’s resilience.

Written by Altekio