Commonly used CoCoFiSt terms

CoCoFiSt Common Cooperative Financial Statements, a CDS program for improving cooperative performance. CoCoBud A budgeting feature that, based on historical data, projects sales, margins, and payroll by department, as well as income statements, balance sheets, cash flows, ratios, capital budgets and loans for the next four quarters. A manager can [...]

By |January 1st, 2011|Categories: Solutions|Tags: |

Promote Culture of Growth by Fostering Great Workplaces

When a business is a great place to work, you’ll find employees who take pride in their work, act in partnership with management, and are motivated to contribute stellar service to the customers. In this way the workplace is transformed into a highly functioning, positive community of people carrying out [...]

By |November 30th, 2010|Categories: Solutions|Tags: , , |

Waking the Sleeping Giant: Recognize patronage dividends for what they are, co-op capital

By Marilyn Scholl, Joel Dahlgren, Bruce Mayer 148 May - June - 2010 Creating solutions begins with building the foundation for the future you want. One of the remarkable things about cooperation is that mutualism encourages solution-oriented growth, built on a vision of the common good. How profitability and capitalization [...]

Revisit Retail Basics in Hard Times

Everyone in retail knows that there’s always a balance between good service and operating costs. When recessionary times hit, many businesses look to cost-cutting measures to survive. But sometimes cutting back on benefits staff or customers previously enjoyed can negatively affect customer interactions, causing further sales decline. Improving current operations [...]

By |July 30th, 2009|Categories: Solutions|Tags: , |

Budgets: The Board’s Plan for Governance Investment

By Michael Healy 135 March - April - 2008 The board of directors fulfills an essential governing role in a cooperatively owned, democratically controlled business. Few assets are more valuable to a cooperative than a board that functions well, learns what it needs to do its job expertly, and provides [...]

Case Study: Wheatsville — Where It All Started for Walden

Wheatsville Food Co-op Austin, Texas Founded: 1976 Number of members: 9,000 Equity investment:$55 per household Number of staff: 80 Retail square feet:5,100 One of Walden Swanson’s first co-op endeavors was to manage the Wheatsville Food Co-op. As a native Texan who went to business school at the University of Texas [...]

By |November 30th, 2007|Categories: Case Studies, Solutions|Tags: , |

Case Study: People’s Co-op Builds Teamwork through CoCoFiSt

People’s Food Co-op La Crosse, Wisc. Founded: 1973 Members: 3,011 Equity Investment:$100 individual, $125 household Staff: 114 Retail Square Feet: 16,000 including Hackberry’s restaurant When People’s Co-op in LaCrosse, Wisc. expanded two years ago, Michelle Schry, general manager, knew that her operations needed to not only take an enormous leap, [...]

By |March 30th, 2006|Categories: Case Studies, Solutions|Tags: , |

Get Down, Get Ahead: Driving Operational Improvements Using CoCoFiSt

By Mel Braverman 112 May - June - 2004 The Common Cooperative Financial Statements (CoCoFiSt) data sharing program has evolved over several years into widely used, multi-functional benchmarking, budgeting, and operational improvement tools for managers. The use of CoCoFiSt data is becoming widespread throughout our industry. Over 90 co-ops now [...]

Invest in Success: Retail Operations Survey 2002 Report

By Patricia Cumbie, Data Analysis Team 107 July - August - 2003 If you don't think a grocery co-op could be synonymous with "cash cow," you may need to adjust your reading glasses before going any further. The financial data from 2002 indicate that cooperatives' position is viable and improving [...]

Assessment as Strategic Approach to Co-op Development

In the home economics and woodshop classes of our formative years, there was certainly a bespectacled and beleaguered instructor who continually intoned, “measure twice, cut once” throughout the duration of the semester. On the day all the things were due, nobody could argue with the value of double checking those [...]

By |March 1st, 2003|Categories: Uncategorized|Tags: |