Here is the outline of Section B: Practical Tasks Task 1: You are required to formulate a business plan for your own business(50 Marks), following the template on page 81-82 of your learner guide. NB: Please follow the given structure and points. Your ideas shouldn't be all over the place. Part B: You are required to answer the following (40 Marks): a. List and explain the resources needed to achieve a business plan . b. Identify the industry specific and legal requirements for the own venture. You only list without explaining. Page 11. c. Identify and choose legal business types for new venture. You indicate your type of a business. For example, If it's Sole Proprietorship, you indicate and explain what kind of a business is Sole Proprietorship. Business types are on page 24. d. Write down and align your personal objectives to the plans of own venture, following SMARTER. Example: Goal: I want to reach more customers S=Specific The specific objective I want to reach is reaching more customers by hosting business workshops. M=Measurable If I get 20 attendees, I'm likely to increase sales since they'll be interested in buying my products. A=Achievable The plan can be achievable to if I put posters and advertise the workshop on social media. R=Realistic The objective is realistic because a lot of people will be interested in gaining knowledge about business T=Timed I'm likely to host the workshop on Saturday since a lot of people may be off from work. E- Ethical The workshop is ethical since I'll be educating my customers and potential customers about business matters R= Relevant The objective is relevant since I'll be boosting my sales as well. Page:40 e. Set business objectives for your own business. This is the step by step actions you are going to take to achieve your business goals. Page 41. f. Set short and long term goals in order to achieve business objectives. g. Compile a mission and vision statement of your business: Page 45. h. Identify possible contribution to community and regional growth objectives. You list and explain. Page 49-50 Task 2 (30 Marks): You are required to to formulate an ethical Framework and code of ethics for your business venture: You can get guideline from page 32 and also the draft I sent yesterday. Submission: Next week Friday ( 27 March)

Business Venture: Sweet Bites Bakery A home-based bakery specializing in fresh cakes, cookies, breads, and custom orders for the local community. Task 1: Business Plan (following template structure, focusing on Part B) Part B a. Resources needed to achieve the business plan Step 1: Financial resources Formula first: Startup capital = equipment costs + rent + initial inventory + marketing. Substitute: 5000 (ovens, mixers) + 1000/month rent + 500 inventory + 300 marketing = 6800 initial. Simplify: Secure 10,000 through personal savings and small business loan. Explanation: Essential for purchasing assets and covering initial operations without debt overload. Step 2: Human resources Skilled bakers (self + 1 part-time assistant), sales staff (family help initially). Explanation: Ensures quality production and customer service to meet demand. Step 3: Physical resources Commercial oven, mixer, baking trays, display counter, delivery vehicle. Explanation: Required for efficient production, storage, and distribution of products. Step 4: Intellectual resources Unique recipes, branding logo, customer database. Explanation: Differentiates the bakery and builds loyalty. Step 5: Technological resources POS system, online ordering app, social media tools. Explanation: Streamlines sales, inventory tracking, and marketing reach. b. Industry specific and legal requirements (list only) Food handling and hygiene certificate Health and safety inspection clearance Business operating license Zoning permit for home-based food business Food labeling regulations Tax registration (VAT if applicable) Fire safety compliance c. Legal business type chosen Sole Proprietorship Explanation: A business owned and operated by a single individual who is personally responsible for all debts and obligations. Easy to establish with minimal paperwork, full control over decisions, but unlimited personal liability. Suitable for small-scale startup like Sweet Bites Bakery. d. Personal objectives aligned to venture plans (SMARTER) Goal: Increase monthly sales to 5000 within first year S = Specific Target: Launch online ordering and delivery to reach 50 new customers monthly via social media and local flyers. M = Measurable Track: Achieve 20% sales growth quarterly, measured by revenue logs; aim for 5000/month by end of year. A = Achievable Plan: Use existing baking skills, partner with local delivery services, invest 200 in targeted Facebook ads. R = Realistic Feasible: Local demand for custom bakes is high, with 2 competitors but room for artisanal niche; start small from home. T = Timed Deadline: Implement online system in Month 1, hit 5000 by Month 12 (end of first year). E = Ethical Ensure truthful advertising of ingredients (all natural, no preservatives), fair pricing, and hygienic practices. R = Relevant Aligns with business growth, funding expansion, and personal passion for baking to achieve financial independence. e. Business objectives (step-by-step actions to achieve goals) Step 1: Conduct market research (survey 100 locals on preferences) – complete in Week 1. Step 2: Register business and obtain licenses – Week 2-4. Step 3: Purchase equipment and setup kitchen – Month 1. Step 4: Develop menu and pricing – Month 1. Step 5: Launch marketing (social media, flyers) and open for orders – Month 2. Step 6: Monitor sales weekly, adjust menu based on feedback – Ongoing. Step 7: Expand to pop-up stalls – Month 6. f. Short-term and long-term goals Short-term (0-12 months): Secure licenses and open home-based operations (2000/month revenue by Month 6). Build customer base of 200 repeat clients. Achieve break-even by Month 4. Long-term (1-5 years): Rent commercial space and hire 3 staff (20,000/month revenue by Year 3). Franchise to 3 locations by Year 5. Export packaged goods regionally. g. Mission and vision statements Mission: To delight the community with fresh, affordable, high-quality baked goods made from local ingredients, fostering joy through every bite. Vision: To be the preferred artisanal bakery in the region, known for innovation, sustainability, and community support. h. Possible contributions to community and regional growth objectives (list and explain) 1. Job creation: Hire 5 local unemployed youth as bakers and delivery staff. Explanation: Reduces regional unemployment (target 10% rate), builds skills via training. 2. Local sourcing: Buy flour, fruits from regional farmers (80% ingredients). Explanation: Boosts agriculture economy, supports 20 small farms, promotes food security. 3. Community events: Sponsor school bake sales and charity workshops (monthly). Explanation: Enhances social cohesion, raises 1000/year for local causes. 4. Sustainability: Use eco-friendly packaging, zero-waste baking. Explanation: Aligns with regional green growth goals, reduces landfill by 500kg/year. 5. Skills development: Free baking classes for women groups. Explanation: Empowers 50 participants annually, contributes to human capital growth. Task 2: Ethical Framework and Code of Ethics for Sweet Bites Bakery Ethical Framework (guidelines): 1. Integrity: Always truthful in product claims and financial dealings. 2. Fairness: Equal treatment of customers, suppliers, employees. 3. Sustainability: Minimize environmental impact through ethical sourcing. 4. Respect: Safe, inclusive workplace free from discrimination. 5. Accountability: Transparent reporting, address complaints promptly. Code of Ethics: 1. Comply with all food safety laws; conduct daily hygiene checks. 2. Use only natural ingredients; disclose allergens clearly. 3. Pay fair wages above minimum (10/hour), provide training. 4. No false advertising; customer satisfaction guaranteed or refund. 5. Donate 5% profits to community food banks. 6. Avoid child labor or exploitative suppliers. 7. Report unethical behavior internally; annual ethics audit. All units in USD. Final plan ready for implementation. Sweet Bites Bakery Business Plan Complete