African Entrepreneurs & Money Matters

15/05/2020

Also this one:

Here are the hard numbers: 189,000 confirmed cases of infections as of the 16th March 2020. 7,500 deaths.

14/03/2020

Heed!

03/03/2020

Food for thought

20/02/2020

Lesson 101

17/02/2020

*So what's the most important function in a business!?*

All business functions are important but some are more critical than others. Today I want us to talk about one specific function that's very critical for a business to work and succeed.

_I have heard people say things like, I want to start a business that will not require my presence at all, which is really a cool thing. If you can start up a business and have it work properly in your absence then it's surely great. Its the ideal situation for most however this is rarely the case in reality._

I have told you before businesses run on systems and individuals. You have to have some sorts of controls and balances.These controls are useless if not enforceable and this is where supervision comes in as one of the most critical functions in a business.

*_Let me share with you a quick story to further eleborate this. Last month I contracted a carpenter to do for me some work. I paid him 40% of the money upfront to show commitment. A month later when I went to check on him there was nothing done.Totally nothing at all yet we'd agreed on a 30 day delivery period._*

This past week I took it upon myself to check on him daily and in one week he's done way more than he did in 30 days.Actually the work should be done mid next week. The fact that I check on him every day literally supervising him got him doing what he was supposed to do much more deligently.

*You may have the most skilled employees, the most efficient systems but if there's no oversight/supervision the systems my fail to deliver the necessary or expected results. Having systems without oversight is like have laws without police to enforce them.*

Even when you don't want to appear at your business try to every once in a while just to supervise what's being done. Don't totally neglect the business make sure you have your oversight function rock solid. If you can't do it yourself spend money to have some one/people else do it and still keep tabs whenever you can.

31/01/2020

06/01/2020

THE FOLLOWING ARE BUSINESSES TO START WITH Ush 30,000 TO Ush 150,000 IN UGANDA.

1. Selling Vegetables
2. Hawking anything used by human beings.
3. Selling Mivumba clothes
4. Car wash business in small towns
5. Shoe shining business
6. Photography
7. Rearing local breed chicken
8. Mobile manicure bodycure
9. Chapati/pancakes
10.Roasted ground nuts/soya/popcorn/simsim

BUSINESS TO START WITH Ush 300,000-Ush 3,000,000

1. Kinyozi/Barber shop
2. Salon
3. Grocery
4. Boutique in small towns
5. Selling women handbags
6. Selling women clothes/children clothes/men shirts
7. Farming tomatoes, onions, pineapple, watermelon, maize and beans.
8. Photocopy, scanning and printing business
9. Investing in shares and bonds
10. Processing all agricultural products into soft drinks/honey/meat products/fish/milk

BUSINESS TO START WITH Ush 5,000,000-Ush15,000,000

1. Fast Food Restaurant
2. A small pub
3. Hotel of 1 star
4. Classic Barber Shop
5. Salon/dry cleaning services in posh estates
6. General shop or groceries
7. Laundry contract business
8. Classic Car Wash
9. Starting Mobile money Shop
10. Starting banking agency business
11. Starting motor cycle spare parts business
12. Starting a cosmetics shop
13. Starting Audit firm
14.Starting a consulting firm

BUSINESS TO START WITH Ugx 15 million to Ugx 30 million

1. Electronic shop busines
2. A pub in major cities
3. A restaurant in CBD
4. Fast Food restaurant in CBD
5. A jewelry shop
6. Furniture making business
7. Large scale farming or tree growing and sale after 5years
8. A school or rental housing units
9. A SACCO or buying land for sale to other people at higher price after 1 year
10. Starting wines and spirits wholesale shop
11. Starting a bookshop
12. Starting a taxi business
13. Starting a motor vehicle spare parts business
14. Starting a chemist shop
15. Starting a security firm
16. Starting a recording studio

BUSINESS TO START IN UGANDA WITH OVER Ush 300 million

1. Building large scale rental houses
2. Real Estate firm
3. Starting business of supplying services of earth movers
4. Subcontractors/applying for tenders in any business
5.Research into future products and needs

YOU NEED TO DO SOMETHING TO EARN INCOME.

2020 mwaka gwa kkola.

03/01/2020

Pushing limits