A business plan acts as a road-map for a business and thus provides a guide on important elements of the business and the steps that should be taken to start and steer the business to grow. Coming up with a business plan is one of the requirements towards graduating with a certificate, diploma, or bachelor’s degree in many colleges and universities. As a student undertaking a Knec-accredited diploma course in Kenya, you will likely be required to write a business plan based on a pre-determined format. For many students, writing a business plan is a challenge especially given that they do not really understand the concepts being examined. Learning how to write a winning business plan can be made easy with the help of a high quality business plan sample. In case you are looking for a Knec business plan sample, you have landed in the right place.
While a few Knec business plan samples have been posted on the Internet, most of them are clearly of very low quality providing evidence that their authors did not really understand important and relevant business concepts. Here is a Knec business plan example that is of high quality and from which you can learn and develop your own plan, whether for Knec or other examination or for practical use. You can be sure that the Knec diploma business plan example is of high quality as it is based on a past sample that achieved an A-grade. Here is the example business plan for a boutique:
Glamify Boutique Business Plan
Chapter One: Business Description
1.1 Background of the Owner
Stanley Brown, a 25 year old male with a longstanding passion for establishing and managing businesses, will be the sole owner of Glamify Boutique. Currently pursuing a Diploma in Business Management at XYZ University, Stanley has in the past been employed as a sales person in a mtumba (second hand clothes) business. With the three years of experience as a sales person in the mtumba business, Stanley has developed effective entrepreneurship, communication, and social skills. The education and entrepreneurship skills he has acquired from his college education will be instrumental in managing the business and evaluating its financial accounts. Together, the skills and experience from Stanley’s past employment and college education will be valuable in understanding, communicating with, and interacting with potential clients, employees, suppliers and other individuals associated with the business. Stanley’s robust educational foundation, coupled with two years of practical experience working in a boutique as a sales agent, gives him the confidence to navigate the challenges that he may encounter as an entrepreneur.
1.2 Business Name
The yet to be established business will be called Glamify Boutique. This name, which reflects the attraction the business products hopefully will earn users of the products, has been chosen to for its simplicity, uniqueness, and for its capacity to highlight the type of the business. As such, it will be easy for customers to remember the name of the business and possibly associate it with attractive, exciting, and enchanting looks.
1.3 Business Location and Address
Glamify Boutique will be located in Awendo Town, Migori County, specifically within the central business district of the town. The chosen location is ideally within one of the buildings along Kisii-Migori road, in close proximity to Shivling Supermarket or within 400 meters from the town’s sole roundabout, which serves as the Arika Boda Boda Stage (Figure 1).
This location has been chosen because it is strategic in that the Kisii-Migori road is a main highway that connects multiple major town and is thus used by many people on a daily basis. Additionally, the site offers ample parking space for both potential customers and delivery vehicles, ensuring safety and security. The business will operate from a rented house. The envisioned business premise will consist of two rooms: a front room with a minimum area of 160m2, overlooking Kisii-Migori highway, and a backroom, which will serve as a store, with a minimum area of 50m2. Continue reading ....