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Critical Organizing Steps - Cooperative Development |
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| Step One: Finding the Central Business Proposition |
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What is the principle reason that people want to work together?
A. Rule out extraneous reasons.
B. Find true community out of the chaos of many visions, temporary needs, and short-term plans.
C. Informal agreement and identification of servant/leader by the community of potential members.
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| Step Two: Feasibility: What do we have to answer to know whether or not we can be successful? |
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A. Writing the study outline.
B. Determining costs and who will pay, time schedules, milestones.
C. Agreeing on standards of success' rate of return, volume of business, level of investment, size of operation, market-share anticipated.
D. Selection of consultant and participation in the study process.
E. Go/no-go decision. |
| Step Three: Organizing the Business |
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A. Drafting budget.
B. Selecting accounting staff.
C. Selecting legal counsel.
D. Writing business plan.
- 1. Market plan.
2. Process plan/staffing/equipment facilities.
3. Operational plan.
4. Finance plan.
5. Incorporation/association/bylaws.
E. Selling equity shares/arranging financing.
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| Step Four: Starting the Business |
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A. Announcing results of equity drive.
B. Hiring staff.
C. Building/acquiring facilities.
D. Marketing.
E. Annual meeting, election of permanent directors. |
| CONTACT: |
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RE&T Rural Development Center
PO Box 727
Mandan, ND 58554
701-663-6501
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Last Updated ( Thursday, June 26, 2008 )
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