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Closing Report

Business Name & Type KAKs Electronics & Small


Electronics (DVDs, CDs) &
Women’s Accessories
Duration
04/11/15 & 11/02/16
Allen Kakooza&Julius Mugume
Participants

Outline what the client identified in their original brief as


issues requiring resolution
Client’s original
Current ‘small electronics’ business is not performing.
Objectives Traded items no longer in demand. Therefore, need a new
idea.

What were the activities to be addressed during the project?


(As agreed upon by Client and VC)
Come up with a new idea to replace the existing ‘small
electronics’. It was agreed that the VC would identify a new
Agreed Objectives
idea on the basis that it solves an existing problem that’s just
waiting to be addressed and would also bring through the
door customers for the existing ‘women’s accessories’
business within the existing premises.

Communication
Mention the primary medium used - Skype, WhatsApp
Medium

All documented on the project website:


New business idea identified ‘Digital Studio’ that solves a
problem for the local community and therefore has good
demand.
Activity
Proposed shortlist Name, logo for new business. How to get it
Undertaken/
Completed and/or done i.e. in collaboration with a local arts college as a student
Skills/Training project
acquired Identified required equipment, software, estimated cost and
recommended integration in collaboration with a local IT
college as a student project.
Marketing proposals i.e. how to advertise the business and
get people through the door.

Closing Report Template


Future expansion potential identified and documented on
project website.

Outline activities that are pending


Timeline for completion of pending activities and person who
Outstanding /
Pending Activities will be responsible for completing them
The above identified activities to be implemented by the
business owner, Allen Kakooza, during February.

Outline the direction the business will take going forward


What changes will be made?
New line of business as described above ‘ Digital Studio’
Next Steps
When these will be realised?
If implemented as agreed, the new business can be up and
running before end of February.

Successes Areas for Improvement


I was really impressed It’s quite unfortunate that all these
by my VC. He is Ideas I got from Mr Shabir came at
experienced, practical a time that I was facing personal
and very creative in his challenges that have slowed down
approach and open implementation. Which include
minded as well. He end of year holidays and the costs
helped rechannelled my of taking my children back to
mind-set and showed school. However, I am continuing
me the unlimited with capitalising by selling out the
possibilities of the line slow moving items and
Client’s View of VC of business that clearly rechannelling the money into the
has better potential of new line. So far I have got a laptop,
making me more Julius demonstrated to me how the
money than my current photo app will work, I intend to
line. I am determined acquire a digital camera soon and
to see that this vision what is left is designing a banner
becomes reality and and getting a printer.
with his continued Therefore, the ball is in my court.
guidance I know I will
succeed.

Challenges & From a business not a personal perspective


Lessons Learnt (By
Client and VC) VC:

Closing Report Template


A 1-page description of the existing business should be
made available on the website BEFORE the project starts
by the Client/Local-Manager;
Local Manager on this project was CORRECTLY VERY
PUSHY with the Client to attend meetings as arranged,
providing Skype facility, etc. This was essential for
progress.
GROW needs to make ‘generic’ arrangements in each
country to avoid repetition by each project. For example,
arrangements with local colleges/universities for art
work or logo designs for business ideas as student
projects. Another area that I’m sure many projects could
benefit from is Information Technology arrangements
with local colleges/universities for integration of h/w &
s/w ,etc for business ideas as student projects.

Good Documents Documents requiring revision


Document &
Communication Skype & Project
medium review Website

Client VC
Client: it’s been a good learning
VC: As already stated experience working with such
above and documented an experienced VC. It s an eye
on the project website, opening sessions and working
Recommendations the client is required to
implement the agreed
way forward during
February
Client: Please ask the
client.

Commentary

Closing Report Template


All clients must have a smart phone, a PC and access to the Internet primarily MS Office,
WhatsApp & Skype as prerequisite for selection to the GROW empanelled list of
entrepreneurs.

Closing Report Template

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