1 / 9

Unit#5 Developing A Co-operative

Unit#5 Developing A Co-operative. Incorporation . Understanding of the Co-operatives Act Minimum of 3 members Must submit: Articles of Incorporation, Draft By-Laws Business Plan Reviewed by the Registrar of Co-operatives Certificate of Incorporation issued. The Development Process.

evanthe
Download Presentation

Unit#5 Developing A Co-operative

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Unit#5Developing A Co-operative

  2. Incorporation • Understanding of the Co-operatives Act • Minimum of 3 members • Must submit: • Articles of Incorporation, • Draft By-Laws • Business Plan • Reviewed by the Registrar of Co-operatives • Certificate of Incorporation issued

  3. The Development Process Elements of a Successful Co-op Start-up • Identifying a common need for a service that requires a common action • Agreement amongst potential members that the a new coop can best address this need • An adequate level of trust among potential members must be developed • Member’s personal and financial commitment must be secured • Other key stakeholders support must be on side • Capacity to implement business and operational plans must be in place

  4. Phases of the Development Process Phase 1: Opportunity Identification • Marketing & Promotion of the Co-op Model • Informed Response to Public Inquiries • Introductory Presentations/Workshops Phase 2: Development of the Business Idea • Initial Concept & Market Assessment • Initial Agreement re Co-op Model & Objectives • Development of Concept Paper • Initial Assessment - Project Financing and Feasibility • Development of Initial Budget Estimates

  5. Phases of the Development Process Phase 3: Building the Co-op Group • Confirmation of Co-op Structure & Membership • Establishment of Steering Committee • Agreement on Tasks & Time Lines Phase 4: Confirming Business Feasibility • Group Consensus - Potential Feasibility • Development of Business Plan* • Recruitment of Members Initiated • Agreement on Member Equity Contributions • Potential Financing Sources Confirmed

  6. Phases of the Development Process Phase 5: Co-op Incorporation • Draft By-laws and Business Plan Completed • Provisional Board of Directors Confirmed • Articles of Incorporation Completed • Documents and Fee Submitted • Registrar Confirms Incorporation Phase 6: Business Start Up • Banking/Accounting Procedures in Place • Member Equity and Business Financing in Place • Staff Hired (if required) • Operational Policies/Procedures Developed • Opening Ceremonies - First AGM Held

  7. Phases of the Development Process Phase 7: Ongoing Co-op Operations • Policies and Procedures Manual • Monitoring of Operations • Regular Board Meetings • Ongoing Policy Development • Development of Business/Community Networks • Membership in Provincial/Regional Centrals

  8. Support Services • Co-opZone Newfoundland & Labrador • Regional Co-op Developer’s Network • Co-op Equity Investment Fund • Community Capacity Building Program • www.nlfc.coop • Agriculture & Agrifoods Canada • Co-op Secretariat • Co-op Development Initiative • National Co-op Sector Programs/Services • Co-op Atlantic • Co-operators Development Fund • Canadian Co-op Association • www.coopzone.coop

  9. GOOD LUCK!

More Related