11.1.Information about Business Planning
Why Write a Business Plan
The business plan is an essential business tool. It is a document that sets out how the co-operative will operate.
It will help you focus your ideas and should be produced whether or not you need to raise finance for your business.
It will clarify the objectives of the co-op. What do the members want from the co-operative and what are the benefits
By preparing financial forecasts, you will be able to test the viability of your business idea, before you commit any money to it.
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