Ask an Expert Starting a cooperative and developing a business plan: Phase 2 Having enough interest in starting a cooperative is just the first step, developing a viable business plan, when implemented, that meets the identified needs is the second. June 4, - Author:
When it comes to preparing the cooperative business plan plan, co-op plans differ from those of other organizations in that the focus is about providing for the needs of the members rather than making a profit as a whole. The plan should include several key components that show your group has studied the market and is in agreement on the types of services the cooperative will provide.
Executive Summary The executive summary appears at the beginning of your plan where it briefly explains the background and experience of each farmer involved in the co-op. Describe the legal nature of your cooperative and explain how decisions are made, such as requiring a vote by all of the members for major decisions.
List the goals of the group in forming the organization, including reaching out to retail markets or accessing corporations that buy large quantities of farm goods.
Product Explain the services your cooperative plans to offer, such as providing training to help farmers better understand potential markets. Some co-ops provide immediate payment for delivery of products so the members can put the money right back into their farms.
Or you may provide transportation to get products to market or high-quality storage spaces that members would not have access to otherwise.
Since your co-op likely consists of farms that grow or raise similar types of products, explain how you need the selling power of the group as a whole to find better-paying markets that want larger quantities than individual farmers could produce. Marketing Describe the branding your cooperative plans to use to develop a name and reputation in the marketplace.
Explain the types of companies you plan to approach. For instance, a co-op made up of hay farmers may want to approach overseas markets that need large volumes of hay for their livestock. Explain how the co-op plans to differ from individual farms, such as by accessing wholesalers and restaurants that would be difficult to reach by single farmers.
Provide details on the marketing, promotions and advertising activities needed to make your buyers aware of the products you provide as a cooperative. Management Typically, the founding members lead a cooperative with legal, technical and financial consultants brought in when necessary. Explain who will monitor the business and marketing plan the cooperative creates to make sure all of the farmers are on target and participating in the manner originally planned.
Financials The financial section explains how much cash each member will contribute to fund the cooperative. Outline the types of stock or certificates to be given to each farmer who becomes a member.Cooperative Home Care Associates (CHCA) is a nationally recognized, worker-owned home care agency in the Bronx.
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Assistance Provided: • Business Advice and Information • Small Enterprise Training • Business . A cooperative (also known as co-operative, co-op, or coop) is "an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise".
Cooperatives may include: non-profit community organizations; businesses owned and managed by the people who use their services (a. Writing your business plan. From Innovation, Science and Economic Development Canada. Although business plans vary in terms of length and scope, all successful business .
Executive Summary. The executive summary appears at the beginning of your plan where it briefly explains the background and experience of each farmer involved in the co-op. Describe the legal.