The 10 steps to a winning strategy

Before the transfer

Step 1: Provide your co-operative business advisor with all the necessary information

Step 2: Develop your Transfer Plan

Step 3: Prepare the business for the change of leaders

Step 4: Sign a joint Commitment Letter with the co-operative's steering committee

During the transfer process

Step 5: Reach an agreement with the co-operative's steering committee to determine the value of the business by means of a neutral expert assessment

Step 6: Negotiate a win/win agreement with the co-operative's steering committee for buying your business

Step 7: Develop your Asset Management Plan (taxes, investments, estate planning)

Step 8: Develop the scenario for transferring your managerial powers

Step 9: Develop your Knowledge Transfer Plan

After the transfer

Step 10: Advise the new managers and/or transfer your knowledge and skills to the business's new management team