Museveni to Business Community: Learn Modern Entrepreneurial Techniques

President Yoweri Museveni has called on business people in Uganda to learn modern entrepreneurial techniques to be able to increase the supply of raw materials saying that this will go a long way in boosting business operations in the country.

Learning new skills can help businesses develop strategies that will assist with the growth of their business in a positive and potentially lucrative way. They will be able to see what is available to them and how they can use that to the best of their ability, whether that is using Software development companies in phoenix or software companies within the immediate area, so they can build on what they already have.

Moreover, acquiring new skills can allow any business owner to take decisions easily and strategize better, no matter which area their business is established in. This improved decision-making capability can help them contemplate better whether they need a loan to expand their business, need the help of a web design professional to move their business online, or make a philgeps registration (this is specific to those doing business in the Philippines) to advance its growth and a lot more. And this is a skill Museveni seems to want its entrepreneurs to learn and excel.

Alternatively, entrepreneurs who learn how to develop marketing strategies will have an idea of what marketing techniques they can employ. Therefore, they can quickly determine whether they should outsource help (see Tri-Plex Design firm, for example, they may reach out to) or if they can implement the chosen marketing strategy themselves. For instance, if a business owner uses his newly acquired skill to form a new marketing strategy and decides to use video content to attract customers, he will easily know whether or not to hire professionals like those at Brightcove to publish videos online (to find out “what is brightcove?”, search for it on the Web). Thus, it would not hurt to say that learning a new skill can endow entrepreneurs with the ability to be decisive.

“We need to have a big business culture which is big supply not just doing business. You business people need to get in touch with farmers, miners and others and also to learn modern business,” he said.

The President was speaking at a dinner that he hosted last evening for the business community at State House, Entebbe. The dinner was attended by a cross section of entrepreneurs including insurers, lawyers, traders, real estate developers and foreign investors, among others.

He said that the NRM Government has deliberately expended efforts to lower costs of doing business in the country such as extensive road construction to lower transport costs, constructed power dams to increase electricity supply as well as working on the availability of markets in East Africa and the Common Market of Eastern and Southern Africa (COMESA) regions, among others.

“Government has worked on roads and slowly we shall shift from roads to railways and water to reduce on costs of cargo,” he noted.

Mr. Museveni called on the business community to join hands with the NRM Government in fighting corruption, which he said, is a tax on business. He vowed to deal with corruption as well as those elements that are in the habit of delaying government projects.

“You have preserved corrupt people because you don’t report them. I put up a hot line that you can use. You should not tolerate corruption. We are going to deal with corruption and those who delay government projects,” he reiterated.

He asked the country’s entrepreneurs to be very active in import substitution and export promotion noting that this will in turn create jobs for the people.

State minister for Trade, Hon. Michael Kafabusa Werikhe, thanked President Museveni for inviting the business community saying it is a sign that government highly appreciates and recognizes the contribution of the business community to the development of the country.

The Chairman of NRM Entrepreneurs League, Mr. Robert Rukaari Mwesigwa, said that the business community dinner, that is going to be an annual event, will further bring together the business community and government. He saluted the NRM Government for leveling ground for business to flourish.

Hajat Faridah Nagawa, who is the Chairperson of the business community, commended President Museveni and the NRM Government for the conducive business environment in the country.

Moses Kayigwa