Kampala, (UG): Young upcoming entrepreneurs have been advised to get together in groups to make it easier for them to attract the support and funding, especially from the government and other financial institutions, that can help grow their business ventures.
Mr Frank Olok, the Senior Private Sector Engagement Specialist at the Education Development Center (EDC) said on Wednesday, “Ensure that there is a good level of organisation in your groups.”
“It becomes easy to mobilise for support while working as a group compared to a venture being run by an individual. Working as a group also comes with other benefits including sharing skills,” he added.
He was speaking to a gathering of youth from various districts in the central region, invited to attend a business training session at the Jevine Hotel in Kampala. The specific areas of focus were insights into the value chains for biomass, biogas, apiary activities and solar energy.
Mr Olok told the youth of the importance of being innovative and going into start-up ventures that best exploit the available business opportunities.“Take advantage of every opportunity and make sure you work jointly. Collective effort is important and you will notice a great change when you embrace teamwork.”
The training was organised by EDC with financial support from the USAID’s Integrated Child and Youth Development (ICYD) Program in Uganda, while the Stanbic Business Incubator Limited (SBIL), a subsidiary of Stanbic Uganda Holdings Limited, provided the trainers.
Nelson Kasadha, the Programme Manager at SBIL said, “The extent to how far your group can go depends on leadership. Direction is key and most times, members look at actions of their leaders to determine where they are going.”
Kasadha advised them to embrace teamwork, diversity, communication, and mutual respect so as to work cohesively. “As group members, you should all be aligned to the same vision, mission and shared goals. As a group, you can only achieve your set targets if you are working with productive members,” Kasadha said.
Meanwhile, Mr Isaac Kisambira, the District Community Engagement Supervisor at EDC advised the youths to keep working towards their common goals saying;- “Do not disintegrate. Keep in mind that entrepreneurship is a journey. Do not lose focus, but keep striving to get better.”
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