Start Your Own Business in Uganda
According to Dr. Charles Kwesiga, Executive Director Uganda Industrial Research Institute-Kampala, young people face significant barriers in starting a business and best practice shows that their success depends to a large degree on the extent to which a range of integrated services are available to assist business start-ups such as basic entrepreneurship skills training, access to workplace facilities, mentoring, post-business start-up counseling and even micro credits.
He asserts that youth share many of the problems the general population experience in small business development, such as the lack of business and management skills and abilities, inadequate, inaccurate or non-existent financial records, an inability to cope effectively with fluctuating costs and prices, and taking too much money from the business for personal uses. In addition, many young men and women have limited language and communication skills, as well as poor education which can affect their ability to deal with numbers (e.g.: book-keeping and stock-control), as well as face the challenge of their age, limited life and work experiences; limited financial resources, limited business networks and contacts, limited exposure to relevant role models, and age discrimination.
Furthermore, young people also often lack the necessary skills to develop their business ideas, such as performing a market analysis, differentiating their product or service from the competition, preparing cash-flow statements and bookkeeping.
Down load the book let for starting up your own business. The book let introduces to you how to start a business, and contains about 145 business ideas in the fields of agriculture, manufacturing/processing and services.
