Step 7: Plan And Organize The Enterprise's Start-up Financing

  • 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.