* Starting a Co-op
On this page ...
- Overview
- The Steps Involved
- Getting Started
- Not Sure What to Do Next?
OVERVIEW. In many ways, developing a co-operative business is a lot like developing a traditional business. Where things differ is that a co-op is shaped through collective effort and group decision-making as well as a set of co-operative principles that help to guide the business. This makes the business planning more complex, but it also means the resulting corporation is stronger and more likely to succeed.
THE STEPS INVOLVED
- Get an idea
- Determine feasibility
- Thoroughly research consumer, competition market & industry
- Develop a business plan
- Arrange financing
- Obtain Registrations & Licenses
- Implement your business plan
GETTING STARTED
There are number of critical steps to follow if you are interested in forming a co-operative. You may already have a core group of people with whom you are working. You may already be a business but would like to convert to a co-operative structure. Perhaps you are not sure what kind of business structure you want.
Click on each of these areas to explore the steps required to plan, develop, incorporate and launch your co-operative.
Group Development
I have an idea ... what's next?
Addressing a Need or Opportunity
We have a group interested - now what?
Suitability of the Co-op Model
Determining if the co-op business model is right for you.
Co-op Development
Moving ahead with the formation of your co-op
Feasibility Study and Business Plan
Creating the plans that will help your co-op take shape.
Financing
Getting the development and startup funds.
Incorporation and Legislation
Becoming legally recognized as a co-op so you can start your business.
Structure and Governance
Members, the board and staff working together.
Surviving and Thriving
The ongoing challenges of maintenance, aftercare and growth.
NOT SURE WHAT TO DO NEXT?
Visit each one of the links above for information and further resources for developing and launching your co-op.
Contact On Co-op: Promoting co-operative development and co-op sustainability is what we do!! We have the resources and the referral network to help you on your way. Contact us.
Co-ops under development, as well as individuals who are part of the co-op movement are welcome to join On Co-op to take full advantage of our range of products, services and programs.
You may also want to look at the Co-op Development Links and Resources page, which is a list of interesting web-based resources on co-op development that are updated on a regular basis. CoopZone also has a number of resources and templates that may be use as you start the process of launching a co-op.
-Some of the text in this section is based on information from the Co-operatives Secretariat, Industry Canada and the BC Co-operative Association.