The precondition for the founding of a company is its ability to function profitably.
The business idea and the decision to incorporate a cooperative are not enough. Before the incorporation, you must know what is going to be done and when. During the first steps of planning, it is important to reflect how the business idea transforms into business, i.e., where the paying customers are and how they will be persuaded to become customers of your cooperative.
The success is all the more likely if all cooperative members take part in this planning. If the amount of incorporators is considerable, it is practical to form small working groups, each preparing certain parts of the plan. The results of the group work will be assembled into an integrated program.
Because a cooperative is not only a business but also a community of persons, mere business planning is not enough. You have reason to sit down together to consider how your work together as a community. Your planning should include cooperation, decision-making, and management, plus a discussion and decisions concerning practical work, like bookkeeping and accounting arrangements.