Research Question 3

What is the best business model?

Perhaps one of the most important questions that theteam needed to address during the preliminary stages of our project was: What is the best business model, or combination of business models, to best support this facility and what resources are needed to implementthis model? In the preparation weeks leading up to the project, the team considered the different business models described above:  small business, cooperative, savings group and social enterprise.

In order to reach a consensus on which of the above models would be most appropriate, we had to consider the different aspects of each, and how they would best serve our community dynamics. Our team researched each model closely, and analyzed how they could be combined to provide the best set of features to serve our project’s purpose.