The Competitive Analysis section of your business plan is devoted to analyzing your competition--both your current competition and potential competitors who might enter your market. Every business has competition.
This was during a graduation ceremony after completion of an intensive 4 month training course on entrepreneurship that is offered by Sinapis. Eriel Group is an organisation that produces raw and unfiltered honey for consumption under the brand name, Asali.
Sintamei, a 23 year old, works in partnership with the Maasai women in her local community who maintain the beehives and harvest the honey.
Eriel Group then purchases and packages the honey from the women for re-sale. During her presentation, Sintamei told the audience she stumbled upon the idea after her family moved to their new home which happened to be along a bee route. She then saw an opportunity to not only profit from the bees but also help to uplift the livelihood of her local community through the sale of honey.
Sinatmei plans to use the prize money to buy more hives and scale production in her business.
The other entrepreneurs who were finalists in the competition were; Brian Gacheru of Pristine Laundry. His company provides laundry services for the corporate market.
Gideon Kyalo of Goodrich Schools; Gideon was dismissed as a slow learner and a failure by his teachers. He started the school in order to provide learning methods that cater to all types of students, regardless of their capabilities.
Lilian Nyaranga of Elimu shop; she runs an online store that sells teaching aids for teachers. Samuel Gitau of Brand Extreme. His company acts as a liaison between freelance graphic artists and corporate clients.
Sinapis is an accelerator program for early stage to mid-stage entreprenuers that was founded in Kenya back in by Courtney Mill and Karibu Nyagah. It is a Christian based non-profit organization and combines Christian teaching with entrepreneurship. This is with the aim of creating ethical business people who will follow Christian principles in their work.
As part of the graduation, the participants are invited to submit business plans which they are supposed to be pitched to a panel of judges after which the winner gets a grant of Ksh.
All the outstanding finalists in the Business Plan Competition get a chance to advance into the Fast Track Fellows program. This is an intensive 6 month program that allow the finalists to benefit from key resources such as customized mentorship from successful business owners, professional advise from experts and one on one support from experienced consultants.
The UW Business Plan Competition (BPC), organized by the Buerk Center for Entrepreneurship, provides a real-world experience for student entrepreneurs, promoting student ideas and new venture creation to the entrepreneurial community. Sintamei Nkaitole, founder and CEO of Eriel Group Limited, walked away with a Ksh. 1 Million (USD 10,) grant after emerging the winner of Sinapis business plan competition held at Panari hotel on Saturday. This was during a graduation ceremony after completion of an intensive 4 month training course on entrepreneurship that is . NAIROBI, KENYA, APRIL 12, —The Ministry of State for Youth Affairs (MOYA) and TechnoServe/Kenya officially launch the first annual Believe Begin Become (BBB) Business Plan Competition in Kenya on 12 April
Other than the training the fellows under the program also get access to additional funds in the form of early stage and growth stage investment capital. Among past beneficiaries of the program are Grace Murugi of Cakes.
Another beneficiary is Daniel Mwaura founder of Buildmart Solutions which manufactures motarless interlocking blocks. Daniel an architect came up with the concept back in but he struggled to turn his vision into a business reality.
He joined the Sinapis program in after which they connected him with investors who have him a loan which made it possible to build a factory, buy equipment and register Buildmart as a business.
Fast forward to when he won a tender worth Ksh. Frank Omondi founder of Tensenses Africa is also a beneficiary of the Sinapis program.The William James Foundation is hosting the 9th annual Sustainable Business Plan Competition finalist presentations and gathering on Friday April 13th and Saturday, April 14th at the World Resources Institute in Washington, DC.
There have been many changes in the operational environment since the Competition Authority of Kenya (the Authority) was established as an independent Institution to regulate competition and consumer protection issues in Kenya. Strategic Plan (Plan), is based on a review of the Authority s performance and experiences so.
The business plan competition is the biggest competition currently promoting entrepreneurship development in Kenya and is supported by ILO, the Safaricom Foundation, Inoorero University and Chase Bank.
The University is proud to host the first Global Social Venture Competition (GSVC) in East African Region. The GSVC is a global business plan competition pioneered by the Haas School of Business at the University of California, Berkeley, USA in NAIROBI, KENYA, APRIL 12, —The Ministry of State for Youth Affairs (MOYA) and TechnoServe/Kenya officially launch the first annual Believe Begin Become (BBB) Business Plan Competition in Kenya on 12 April Business Plan Competition for New York-based startup entrepreneurs with cash prizes totaling over $30, Entrants gain practical insights about starting and growing a business, while using the comprehensive small business resources at NYPL’s Science, Industry and Business Library (SIBL).