Uganda is known as an Entrepreneurial Country with various Global Entrepreneurship Monitor reports affirming that. It is very likely that 7 out of every 10 Ugandan employees do run a private business on the side. This could be driven by the low job security, lack of social security entitlements or the desire to earn more money and be more independent as opposed to maintaining income. However, most of these ‘businesses’ are hardly formal and as a result operate below the radar. Initially this may be tolerated for the sake of testing the market but as they grow beyond certain boundaries, the need to formalise sets in. I share more insights in this Article.
The Need to Formalise that Small Business of Yours
Posted in Agriculture
Tagged africa, Agri Business, Agriculture, business, east africa, James Wire, sme, Uganda, wire james
go straight to the top to get services fixed
ONE morning this week, a friend of mine texted us a call for help; his internet connectivity was faulty and he had failed to get a response from the provider’s Customer Care department, so he needed the contact of “someone” in the company “to help”.
We fell upon him like a tonne of bricks; questioning why he was so accommodating of a service from a corporate entity he was presumably paying money to yet he often rants angrily when some government service or another does not meet his approval (even though he does pay taxes for it).
Some people, however, responded giving him names and numbers of people to contact within the organisation “to help” him.
Before he could make the phone calls for assistance, we told him he was subsidising mediocrity, abdicating his customer rights, and most importantly, wasting our own mobile internet packages because we were using WhatsApp.
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