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If you’re like millions of Ugandans, you dream of starting your own business. But of course, there are dozens of obstacles that may keep you from actually doing that. You might not have enough motivation, for example, or time to actually see the work through; or you might not even have a solid idea to begin with -- yet.
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In almost all my engagements with youth, the most asked question is about CAPITAL. “I want to start a business, but where do I get capital from”? “Capital is what is stoping me from starting business” etc etc.
Most successful business owners didn’t inherit the business, they started from scratch. So that should tell you that capital is not the most important thing in starting a business. To me Planning, Courage, thick skin are the most important.
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A friend of mine once told me she is doing really badly financially and there are no jobs and she is becoming desperate.
I asked her why doesn’t she start a business. Obviously the same issue of no capital came up.
I told her you don’t need much capital to start business.
I told her for example, you can start a business in fashion, clothing, shoes etc.
She says but still I need capital to open a shop, to buy stock, etc etc and her budget had come to 20 million. I said where do you get such money from.
On her page, she gets more than 1,000 likes on any picture she posts , Not forgetting about Tiktok. Most of you have 100s a
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