- Determine the value of the membership share to become a member
(what members must pay).
- Determine the value of the share capital on start-up and during
the first three years of operation (in terms of the expected growth
in the number of members).
- Prepare by-laws governing preferred shares (if
applicable).
- Prepare by-laws governing loans (if applicable).
- Draw up the overall financing plan for the first three years of
operation.
- Draw up the business plan.
- Negotiate the capital contribution of external financial
partners (if necessary): venture capital corporations, private
funds or credit union investment programs.
- Apply for a government start-up grant (if they are available
and if required).
- Negotiate medium term credit union or bank loans and a line of
credit.