A cooperative business model operates on the following 7 principles and differs from both corporations and non-profits:
Voluntary and Open membership: Co-operatives are voluntary organizations, open to all persons able to use their services.
Democratic Member Control: Co-operatives are democratic organizations controlled by their members, who actively participate in setting their policies and making decisions on the principle of one member one vote.
Member Economic Participation: Members contribute to and democratically control the capital of their co-operative. At least part of that capital is usually the common property of the co-operative
Autonomy and Independence: Co-operatives are autonomous, self-help organizations controlled by their members.
Education, Training and Information: Co-operatives provide education and training for their members, elected representatives, managers, and employees so they can contribute effectively to the development of their co-operatives
Co-operation among Co-operatives: Co-operatives serve their members and strengthen the co-operative movement by working in solidarity with other co-ops and national, regional, and international co-operative organizations.
Concern for Community: Co-operatives work for the sustainable development of their communities through policies approved by their members.
Below is a representation of the Kamloops Public Market Cooperative vision for the linkages between a small sample of Kamloops community organizations and the KPM Coop.
Proposed organizational structure for funding and operating the Kamloops Public Market Cooperative.