IMPROVE YOUR BUSINESS CONSULT (IYB Consult)

The workshop was carried out between 2nd and 3rd Aug 2010 at St Benedict picnic site in Tigoli. The workshop started at 9.00 am and was attended by 5 consultants.

Objective of the workshop The main objective of the workshop was to bring the 5 consultants together to be able to strategize and development an action plan. The objective of the workshop was to; 1. Describe who we are 2. Where do we want to go 3. To describe how we get there

The strength of the consultants The five consultants consist of early retirees and normal retirees, the youngest in her 30s while the oldest in his sixties. The team consists of Multi-displinary consultants who have expertise in pre-retirement and experience in the following areas; y MSMEs y Business Management y Education Management y Counseling y Strategic Planning y Project Management y Banking Financial Management y ToT, ToF y Curriculum development y Proposal development y Research and Evaluation y Entrepreneurship Registration The team agreed to have a name with linkage with the former IYB-Kenya as it enjoys goodwill with major international clients as well as ILO. The consultants settled on a limited company. Therefore, the company will be registered as IYB-Consult Ltd.

Ownership The company will be owned by the team of five consultants namely; 1. 2. 3. 4. 5. M.L. Oneko B.M. Chege E.A. Okone J.S. Onambia C.Wadoyi

All the five directors are equal shareholders Structures The team Chairperson Vice Chair Managing Director Operations Director Other Directors

Mike Oneko J.S Omambia Chris Wadoyi E.A. Oneko B.M Chege

Quorum In any meeting, there MUST be three directors with the Managing Director or Operation Director in attendance.

IYB Consult proposed Contacts P.O Box 60674 00200 Nairobi Tel: Safaricom and Telecom wireless lines Email: www.iybconsult.co.ke office@iybconsult.co.ke Physical address The team agreed to identify a venue that is quiet and accessible that can reflect positively on the company. Hurlighum was proposed by Onambia and was given the mandate carryout a search for the same. Bankers The team proposed opening an account with Stanchart as their first choice but with alternatives of City bank and CBA Signatories All the five directors are signatories, any three to sign with the Managing Director as a Mandatory

VISION AND MISSION STATEMENT The team developed the companys vision and mission. VISION STATEMENT To be the leading enterprise development consultant in the lake region MISSION STATEMENT Capacity building powerhouse in the lake region

CORE VALUES, PRODUCTS AND MARKET The team also identified the core values, the major products and the clients CORE VALUES 1. 2. 3. 4. 5. We uphold integrity We strive to Professionalism We are Customer-centered We uphold religious values We believe in people

IYB Consults Main Products 1. ToTs/ToEs/ToFs 2. Pre-retirement training 3. Strategic planning using 4. Curriculum development for enterprise development, e.g. DACUM 5. Research and evaluation we use action-oriented research PICD, PRA, PIM, PAR Potential market 1. NGOs y y y y y y Plan international Mercy Corps Care international Swisscontact Action Aid Corepact y y y y y World Vision ADRA AWF ILO SNV

2. Micro Finance Institutions y MESPT y KEPSA y KWFT

3. Government institutions y FKE y DoD y Special Programmes y ASAL y Youth development Fund y Women Enterprise Development Fund y Kenya Police 4. Private institutions y KIM y Banks y Insurance y KQ y BAT y KBL y EABL 5. Donors y y y y y y y USAID DFID CIDA SIDA Worldbank GTZ DANIDA Kenya railways KTDA Kenya Post KRA KPA RBA NSSF Telkoms NHIF TSC

y y y y y

y y y y y

6. Faith-based organizations y NCCK y CRS y PCEA

The retiree book The writing the retirees book is the brain-child of the IYB Consult. The team agreed to concentrate on writing and launching of the book. The main aim of writing this retirees book is to reduce the 90% vulnerability of retirees to 10% through training. It is true that: 1. with better planning we are able to improve our coping strategies 2. with positive investment we are able to earn 3. with a positive attitude towards retirement we can live better during retirement 4. with stable emotional wellbeing spiritual , emotional and mental 5. with proper adjustment and soflanding backhome we can adjust better to a new station home is where your little heart desires to settle, it is where if you go back they take you in 6. with better planning we are able to development IGAs and/or business Statistics indicate that within the first five years of retirement; 1. 2. 3. 4. 5. 6. 1% of the retirees become rich 4% become financially independent and stable 5% will be in full time jobs 12% will be broke 29% die while 49% are dependant on family and friends

In the writing the books the team will carry out an impact assessment first to incorporate the outcome in the book. 1. Impact assessment I. Share with KIM and the objective y DoD contact y Goodwill y Finance y For partnership - Publicity, Marketing II. Access statistics of the people trained - DoD III. Share with the DoD (Kiarangwa) y Goodwill y Funding y Logistical support IV. Identify sample questionnaire y Geographical are coverage y Gender y Ranks V. Develop tools

y 5% successful retirees y The trainees y 49%unsuccessfull retirees VI. Pre-test the tool VII. Data collection VIII. Data analysis 2. Wrap up the writing of the book PRE-RETIREMENT TRAINING TIMETABLE The team developed a the KIM timetable Time Day 1 8.30 y Registration 10.30 am y Introduction y Climate setting y Rebirth of the eagle schedule for the retirees training which is slightly different from Day 2 y Stress and time managing y The 4 wellness Day 3 y Investment y Business options Day 4 Day 5 Finance y Field trip presentation y Cash book y Record keeping y Costing y Profit/loss y Balance sheet y Cashflow projection

10.30 11.00 am 11.00 am1.00 pm

Tea break y y Introduction to retirement Advantages and disadvantages of retirement y Case study Business plan y Introduction to business plan y Marketing y Operations y Management y Field trip y Backhome business plan exercise

1.00 2.00 pm 2.00 4.00 pm

Lunch Softlanding back home y Family expectations y Society y National y Post retirement options Reemployment Kungethia IGAs Finance y Cash book y Costing y Profit/loss y Balance sheet y Cashflow projection y Field trip y Backhome business plan exercise The seven principles of the eagle Workshop evaluation Closing and departure

y y y

y y

In the retirees training both spouses should encouraged to participate

Finances The team in the mean time agreed to focus on the book writing and launching. For the office to be active, the team listed sources of funds that can enable them run the office until next year. The team listed the following consultancy assignment that can fund the company until after the launch. 1. 2. 3. 4. 5. 6. 7. 8. DoD/KIM pre-retirement training TOMT AWF ToF Sudan ToF Sudan Enablis KIB Real Options

Uses of funds 1. 2. 3. 4. 5. Registration of the company Office rent Furniture Conference table Network

PLAN OF ACTION ACTIVITY 1.0 Organization structure 1.1 Update the CVs 1.2 Send the CVs to Operations Director 1.3 Review and Update IYB profile 1.4 Registration 1.5 Acquire a website 1.6 Buy telecom wireless and Safaricom lines 1.7 Physical address: Obtain an office 1.8 Open a current account with stanchart 2.0 Review and updating pre-retirement training materials 2.1 What is retirement and what is not retirement 2.2 Advantages and disadvantages of retirement y The statistics after retirement 2.3 Softlanding back home y Family expectations y Societal expectations y National expectations 2.4 Managing stress and time y Family stresses y Self stresses y Workers stresses 2.5 The 4 wellness y Mental y Physical y Psychological y Spiritual 2.6 Case study 2.7 Post-Retirement Options y Kungethia y Re-employment y Investment and investment options y IGA and IGA options y Business and business options y Types of business 2.8 Business Plan y Introduction to Business plan y Marketing plan y Operations and Management BY WHO ALL ALL E.O M.O B.M B.M J.O C.W BY WHEN 9th Aug 10 9th Aug 10 17th Aug 10 13th Aug 10 13th Aug 10 13th Aug 10 9th Aug 10 20 Aug 10 13th Aug 10

J.O M.O

C.W

C.W

C.W

J.O BM BM BM BM MO BM MO

y Finance and projections y Business plan format y Case study for wazi furniture 2.9 Recordkeeping 2.10 Field study format 3.0 The Book 3.1 Submit rough draft of the books chapters 3.2 Compile 1st draft of the book 3.3 Visit KIM 3.4 Visit Bolo 3.5 Visit DoD 3.6 Sample 3.7 Developing the tools 3.8 Pre-test tool 3.9 Data collection 3.10 Data analysis 3.11 Wrap-up of writing of the book 3.12 Launch of the book

J.O M.O ALL E.O M.O M.O M.O C.W M.O C.W M.O C.W M.O M.O 13th Aug 2010 20th Aug 2010 13th Aug 2010 13th Aug 2010 20th Aug 2010 20th Aug 2010 20th Aug 2010 10th Sep 2010 17th Sep 2010 30th Sep 2010 15th Oct 2010 8th Oct 2010