BUSINESSP LAN

VIBIANS MICROSCOPE ENTERPRICE

CENTRE: RIFT VALLEY TECHNICAL TRAINING

INSTITUTE
PRESENTER: VIBIAN JEPCHUMBA
INDEX : 5341010536
COURSE :DIPLOMA IN ANALYTICAL CHEMISTRY

COURSE CODE : 1904

PRESENTED : THE KENYA NATIONAL EXAMINATION
COUNCIL FOR THE AWARD OF CRAFT
CERTIFICATE IN SCIENCE LABORATORY

DIPLOMA : CRAFT CERTIFICATE IN SCIENCE

LABORATORY
SUPERVISOR : MRS MOGO
SERIES : NOVEMBER 2022
EXECUTIVE SUMMARY

1.0 BUSINESS DESCRIPTION

The name of the Business shall be Vibians Microscope Enterprice This is to be located within
Nandi County at Racecourse center kapsabet sub county. The location was selected since there is
good communication network, transport services and hence large population with ready market.
The location has enough security and it can easily be located. The nature of the Business shall be
sole-proprietor ownership where the owner is self-employed and has the advantage of easy
decision making and non-sharing of profit. The Business is there to offer services such as selling
of different spare partsof the microscope, and also selling of microscopes and Later providing after
sales services to all its customers. The Business shall have both long and short term strategic plans
to ensure a smooth and effective running of the firm.
2.0 MARKETING
The Business shall serve main clients who are individual customers, government institutions and
commercial customers. Like any other business the firm must brace up for stiff competition and
thus the rivals’ strength and weaknesses has to be critically analyzed as part of the entrance
strategies. The promotion of the Business has to be carried in different ways. This would enable
the market to be aware of the Business existence.

3.0 ORGANIZATION PLAN

The owner shall be the Managing Director of the Business to be assisted by other forces in running
of the firm. The service department operated by Mechanics and represented by the workshop
supervisor shall attend to clients’ queries. The Business shall have an accountant or cashier to
record and keep the daily Business transactions.
The firm shall be secured by a watchman who should ensure that the Business premises are always
secured as all personnel would be expected to work purposely towards the achievement of the
firm’s goals.
The recruitment of the staff shall be done through formal interviews upon which successful
candidates shall be employed. The training of employees is done to emphasize on their practical
skills in regard to capacity building.
4.0 PRODUCTION/OPERATION PLAN
For effective and efficient running of the firm production and operation facilities has to provide
variety spares for all examination lamps.
In order for the Business to operate smoothly repair and maintenance of the premises and
advancing is to be carried out thrice per year. The move shall ensure more reduction on cumulative
and regular maintenance levels.

5.0 FINANCIAL PLAN

Before the set-up of the Business our financial plan shall factor in a pre -operational cost amounting
to Kshs.800,000/=.In this regard, amount referred to as fixed cost of operating the business
normally treated as Estimated working Capital shall also be cover in the tune of Kshs.4000,000/=.
On the capital source, the firm anticipates to fetch some of its cash from the help of the family
members, relatives and friends. The remaining amount shall be obtained under loan facilities from
willing banks. The net profit after tax for the first year is estimated to be 300,000/=.The firm is
expected to break-even at 420,000/= of services at a profitable ratio of 160.6 % while the annual
return to hit 68.80%