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.
Tag Archives: Agri Business
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
Small Scale Business, Uganda’s gateway to prosperity
White collar education continuously pounds us with concepts that are sometimes not suitable for our own environs. Industrialisation has always been viewed from the perspective of large companies owned by a few but employing thousands of people. In Uganda, it seems like the trend is small businesses owned by thousands employing a handful each. The recently concluded Uganda Small Scale Industries Association trade fair was testimony to the successes the alternative approach is having in Uganda. More on that in this article.
Posted in Agriculture
Tagged Agri Business, Agriculture, business, Economy, Money, sme, Uganda
The Wire Perspective 