Agricultural Engineering · Level 6 · 6 Chapters
Compiled by: Elijah Ochieng
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A business plan for an agricultural engineering venture, from description to presentation, is where Entrepreneurial Skills at Level 6 leads. It starts with financial literacy: budgets, saving, debt, loans, investments and insurance. You then separate entrepreneurs from business persons, compare salaried employment with self-employment and see how business ideas and opportunities are found and evaluated. Legal aspects cover forms of ownership, registration, licensing, contracts, employment and taxation laws. Innovation looks at creativity, entrepreneurial linkages and ICT in business growth. The plan itself includes marketing, organisational, production and financial sections, an executive summary and business idea incubation.
This unit prepares you to start and run an agricultural engineering venture, with the money, legal and planning skills that requires. - Farm structures builders in Homa Bay - you register the business, sign contracts with farmers and observe employment and taxation laws as you take on workers. - Borehole drilling and pump supply businesses in Kilifi - you manage loans and insurance for costly equipment and prepare a financial plan for lenders. - Solar water pumping vendors in Kajiado - you judge business opportunities, build linkages with suppliers and use ICT to reach customers. - Farm equipment fabrication workshops in Muranga - you apply creativity and innovative strategies to products that suit local farms. - Incubation programmes in Kapsabet - you refine your business idea and present your plan before you launch. A written plan and correct registration are the starting point for each of these ventures, and the legal and financial parts of the unit tell you what to prepare before you approach a customer, a supplier or a lender.