It is no secret that Uganda has high unemployment rates and that the few jobs available come with very low pay. Many bosses pay pea nuts because they know another person is willing to do the job for less. So when you get a job, don’t be surprised if it can’t meet your rent, transport, food, personal care and take care of your siblings. So, what will you do?
• Look for another job with higher pay.
• Request for extra responsibilities that can give you an extra shillings.
• Look for a part time or weekend job.
• Start small business to supplement your pay.
• Start your own company and be self employed and independent.
It is crucial that you weigh your options and next step carefully in order to survive.
LinkmeUg caught up with Mr. Charles Ochichi, CEO Enterprise Uganda on how young people can start their own businesses while employed elsewhere.
Mr. Ochichi advises:
– No matter how small a salary is, you need to put aside some money. Whether it is 1000 a day or 50,000/= off your salary. Cut as many expenses as you can to get this money. Others don’t have a source of income, you do.
– Stop being the employee who needs supervision for everything, beat your deadlines at work, satisfy your boss and stop watching the clock to run out of work. Take your workplace as an opportunity. Outlive supervision. Remember when you start your business; the clients will buy from the best supplier.
– Use your workplace as a laboratory to learn how to run your own business. Study what motivates workers, how a company is run, how the vision of that company is being fulfilled.
– Don’t just follow the rule and the systems. Find out why the guidelines at your workplace are that way. Respect the rules but understand why they exist.
– Beat the time at your workplace. If arrival time is 8am but the office is open by 6am, go to work earlier but don’t seek the attention of your boss because when you start your business, the clients won’t be interested in what time you arrived at work. All they want are your services and they will get them from any available supplier.
– Before you can leave your work place to run your business, you need to hire the right people and set up systems that make it easy for you to monitor your business.
– Learn what your business does; investing into a business you cannot supervise will only make losses.
– If possible, start a business you are familiar with, either related to what you do at your workplace or what you are most interested in.
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