Other potential management roles or functions are public relations, member relations, production, promotion and marketing. Policies and Working Procedures Effective group working is essential for the smooth running of the co-operative. The co-operative will need to develop operating policies and procedures to ensure everyone understands how to handle a variety of situations and circumstances. Facilities Provide detailed descriptions of building needs and costs, local government approvals for any new construction or renovations, utility costs and availability, expansion possibilities, insurance needs and costs, business and property taxes. Production Design a production schedule, should include a description of what will be produced, how it will be produced, inventory and scheduling plans, quality control plans, equipment maintenance and initial start-up costs.
Financing Give a detailed breakdown of the finances.
A projection of capital requirements is needed, as well as the sources of the funding, e.g. loans, members, government support. A co-operative's success can depend on whether it has enough capital to buy the necessary equipment and inventory, pay overhead costs, such as rent and salaries. Set aside a large enough reserve fund for extra working capital to take advantage of special opportunities and survive temporary setbacks. Financial Data Project product sales, produce a projected income statement, cash flow and balance sheet. Records and Accounting Systems Provide a detailed description of how the co-operative will maintain its records and accounts.