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Steps Involves Running And Managing A Cooperative Society
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[QUOTE="Ramolak19, post: 302537, member: 72962"] Running and managing a cooperative society can be a daunting task, but with the proper steps it can be a successful venture. Here are the steps to run and manage a cooperative society: [LIST=1] [*]Establish the Cooperative: The first step is to get the necessary documents and licenses to establish the cooperative. This includes agreements, statutes, and other regulatory documents. [*]Set up Governance: Once the cooperative is established, it is important to set up a governing board. This board should be composed of members who have a vested interest in the cooperative's success and are willing to work hard to make it succeed. [*]Set Up Financials: To ensure the cooperative is financially solvent, it is important to set up a financial plan. This includes setting a budget, setting up a bank account, and ensuring that the cooperative has access to capital. [*]Recruit Members: For a cooperative to be successful, it needs people. Recruiting members is necessary to ensure that the cooperative has the resources it needs to be successful. [*]Establish a Business Plan: Every business needs a plan, and a cooperative is no different. The business plan should include goals, objectives, and strategies that the cooperative can use to succeed. [*]Monitor Performance: Finally, it is important to monitor the performance of the cooperative. This includes tracking the cooperative's finances, members' participation, and other dynamics that can affect the success of the cooperative. [/LIST] Following these steps can help ensure that the cooperative runs smoothly and is successful in the long run. [/QUOTE]
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