Business Planning

Business planning is first about developing and refining your idea. Once you have a vision for what your business will do, you can determine whether the co-operative model is right for you. You can also consider who the potential members of your co-operative would be and what services the business would deliver to them.

When choosing a business model, determine key features that you want to include. Will the business be for profit or not for profit? Does it need share capital? Once you answer these key questions, you can start forming a more precise business plan that becomes the budget for the first year of operation. Implementing the business plan relies on having an engaged membership and an effective governance and management structure. Getting these matters settled before starting your co-operative will provide a strong base for success for your co-operative.

Need to raise finance to start your co-operative? Head over to Run a Co-op and look at the Raise Finance section

Get tips on how to test your business idea.

Learn about business planning, co-operative structures and more to start transforming your idea into reality.

Looking for help with co-op business planning? The BCCM offers support, information and resources for new groups undertaking co-op business planning.