This section focuses on your business plan – what needs to be included and how important it is to the early stages for establishing and starting your co-operative.
Whilst many people create business plans to show to other people, you shouldn't lose sight of the fact that it is your business plan – a roadmap for your co-operative for the first few years. It will allow you to chart your progress and see whether you are on course.
The core of your business plan will be your financial projections based on your marketing plan. The whole will be wrapped in a narrative that explains:
- Who you are and how you are organised
- What you're going to do
- Why you are doing it
- When you are going to do it
- Where you are going to do it; and
- How you are going to do it.
If it answers all the above truthfully and realistically, and inspires confidence, then it's a good business plan.
All of the previous activity on the start-up journey of your co-operative will have provided you with the building blocks of your Business Plan and it is often a time to involve a co-operative business advisor from the Hive.
See the following relevant sections for additional information and useful downloads