Hello, my name is Laurine Oduol. I am the second-born in a family of nine children. I am a Health Records Data Analyst, and I also run my own business while working as a tutor.
I was born in Bumala, and I studied at Ikonzo Primary School, then proceeded to Ikonzo Girls Secondary School for my secondary education.
I am married, and together with my husband, we are blessed with two beautiful daughters, Nicole and Jasmine. We currently live and work in Bungoma Town.
Business Proposal: Ladies’ Outfits, Cosmetics, and Wears
Overview:
I operate a small business selling ladies’ outfits, cosmetics, and wears. This business has been a reliable source of income for me and my family, providing both financial stability and a foundation for growth.
Current Performance:
Metric Minimum Maximum
Weekly Revenue (before expenditure) KSh 11,500 KSh 14,900
Weekly Net Profit (after expenditure) KSh 7,300 KSh 11,000
Monthly Net Profit KSh 29,200 KSh 44,000
12-Month Growth Plan:
The goal over the next 12 months is to increase net profit by 40% or more. This will be achieved through:
1. Product Expansion: Introducing high-demand outfits, cosmetics, and accessories to attract more customers.
2. Marketing & Customer Engagement: Leveraging social media, word-of-mouth, and promotions to boost sales.
3. Cost Optimization: Streamlining purchases and managing operational expenses to maximize profit margins.
Projected Monthly Profit After Growth:
Metric Minimum Maximum
Projected Monthly Net Profit (after 40% growth) KSh 40,880 KSh 61,600
Action Plan:
Months 1–3: Analyze current sales trends, identify best-selling products, and introduce 5–10 new items.
Months 4–6: Launch social media campaigns and small-scale promotions to increase visibility.
Months 7–9: Evaluate expenditure, negotiate supplier discounts, and optimize inventory.
Months 10–12: Reinforce high-performing products and scale marketing efforts to maximize sales and achieve 40% profit growth.
Conclusion:
This business is not only a source of income but also a platform for sustainable growth. By following this structured plan, I aim to significantly increase profitability, expand the customer base, and establish a strong market presence within 12 months.
Use of Funds & Impact:
The funds raised will be invested strategically to grow my business in the following ways:
1. Expand Product Range: Introduce more ladies’ outfits, cosmetics, and accessories that meet market demand.
2. Increase Inventory: Maintain sufficient stock to meet customer needs and reduce lost sales opportunities.
3. Marketing & Promotions: Invest in social media campaigns, flyers, and small events to reach a wider audience.
4. Operational Efficiency: Improve packaging, storage, and delivery systems to enhance customer satisfaction and repeat business.
Benefits:
To Myself: Increased financial stability and the ability to reinvest profits to grow the business further.
To My Family: Consistent income to support household needs, education, and future investments.
To My Community: By providing affordable, high-quality products, the business will create local employment opportunities and promote entrepreneurship. It will also inspire other young entrepreneurs, especially women, to pursue their own ventures.