How To Start A Supply Business In Kampala, Establish A Profitable Supply Network

Starting any business can be quite hectic, especially if you do not know where to start, what to do, the permits to acquire and where to set up the business, and so much more. This article will take you through how to start a supply business in Kampala .Well, the supply business is easy but not that easy to start, but with the right guidance, one can easily start it. The supply deals with providing products to another person or business. Here is a guide on how to start and run a business.

Tips to start a supply business in Kampala

1. Have a business plan that you will follow to the latter. It will help you manage your finances and not overspend.
2. Advertise your business using posters and even on social media platforms. Tell your friends to tell other friends so that your business can grow.
3. Study the strengths and weaknesses of other businesses in the same field as yours and get to know how they work with them.
4. Look for a location with the target market. Urban places, near town centers, and shopping malls are some of the best places to start almost any business.
5. Hire competent employees to help you run the business and manage the stock where necessary. Make sure they are also friendly so that they can attend to the customers’ needs.
6. Look for a suitable means of transport to help transport the supplies to their destination.

Steps to start a supply business in Kampala

To start a successful business in Uganda, one has to do things and the necessary permits one has to acquire. Some of the steps are as below;

1. The first step is to know the type of business you want to start and acquire a unique business name.
2. The next step is to register your company with the Uganda Registration Services Bureau and later be issued with the certificate of registration.
3. Acquire all the necessary licenses from the Ministry of Health and Fire Department. This ensures the safety of your employees and yours and the consumer’s safety, especially businesses that deal with food.
4. Register with the local authorities to get a trading license or operating permits.
5. For Tax, purposes register with the Uganda Revenue Authority. 
6. Once you register your sypply business in Kampala, you will be given a Tax Identification Number that will be like your account number.

This simple and easy article Was Last Updated on June 13, 2022 by Editorial Team

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