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a)
Entrepreneurship is defined as the process of designing, launching and running a new
business, which typically begins as a small business, such as a startup company, offering a
product, process or service for sale or hire.
Entrepreneurship education seeks to provide students with the knowledge, skills and
motivation to encourage entrepreneurial success in a variety of settings. Variations of
entrepreneurship education are offered at all levels of schooling from primary or secondary
schools through graduate university programs.
Entrepreneurship education in Uganda has got the following principle benefits;
Entrepreneurship educations enlighten the prospective entrepreneur on the challenges of
obtaining capital for business start-ups. Hence, students and potential entrepreneurs are
helped capital options for small/medium scale business start-up.
Entrepreneurship education in an important component to produce or creative and innovative
society as desired under the Innovation Human Capital Development plan. In addition
entrepreneurship education programme is significant in helping to ensure graduate employability among the graduates of institutions of higher learning.
Furthermore, entrepreneurship education inculcate and expose students and potential
entrepreneurs to entrepreneurial values and skills, which include aspects of leadership,
innovation, creativity, resilience, competitiveness independence, calculated risk and the
ability to identify and create opportunities
b)
Gods grace bureau is small scale business locate in Mengo along Balintuma road. The
business is a sole proprietorship owned by Ms. Bukirwa Shadia since 2012. The business
deals in sales of stationery and provides secretarial services of printing, typesetting, bindings,
ink refilling, photocopying as well as designing,
b)
The following are the benefits Ms. Bukirwa Shadia has managed to obtain from GODs
Grace Bureau
Income; Ms. Shadiah has managed to acquire enough money from her business and now she
has even expanded it by starting a sister branch at ST Lawrence university Campus in
Kayanja Zone.
Management skills; with a 4 years experience, she believes that she has now gained al lot of
experience in business and employee management.
Connections; she has management to get connections with suppliers and former clients in the
banking and education sector and this has widened her market share from the refarrals.
Knowledge; she has also managed to go and upgrade her academic level as she paid for her
tuition from the business profits for a degree program at Ndejje university thus acquiring
more knowledge.
Land and a house; during the month of June this year, Bukirwa Shadia bout a piece of land
with a house and now she is no longer paying house rent for accommodation.
Employment; being a graduate with just a diploma, it was very had for Shadiah to get a job.
However with the start of her own business, she became self-employed and at the same time
she is employing other people
The following are the key challenges Ms. Shadia as an entrepreneur faced when
starting;
Electricity; one of the major problems Ms. Shadia face is the non availability of a constant
supply of light which has caused increase in costs and loss of customers. Lack of electricity
has been one of the major reasons why some times she come to work but does not make any
money.
Registration and licenses; these fees have always been her challenge in that the 270,000/=
shilling charged by KCCA trading licence is quite high and at times she cannot afford it
hence operatives sometimes close and put a seal. In addition, she has to register with Uganda
revenue authority.
Inflation and un stable prices; The stationery and secretarial service business is highly
fragile and rely on elastic demand, at times she goes for shoping when the prices for papers
and other stationers has increased yet the customers do not want to increase in the payements
for the services.
Lack of customers; during her first months, her business was constriained by the lack of
customers as she recalls that in the first three months she would not even make money for
transport and lunch hence she had to rely on her husbands income yet he had given her the
capital to become self-reliant
Costly equipment; during the initiation stage, Ms. Shadiah struggled with the high costs of
equipment for example she recalls that the photo copier she has was bought at five millions,
the printers range between 500,000 to 1 million and the hot foil machine for embroidery hard
cover cost six million Uganda shillings.
Competition; the business has always been constrained by the high competition in the
market where by some service providers charge as low as 50/= per page printing yet this is
far lower than the operating costs.
Inadequate facilities; during the start of her business, she lacked some of the printing
equipment hence this gave her competitors an edge over her business. She started with only a
printer, a desktop computer
the experienced individual. With this the example she gave was the popular Pakasa workshop
organised at Freedom City.
In conclusion, entrepreneurship is a basic important measure for boosting economic
growth of Uganda. Thus this is the possible way to fight unemployment reduce the
problem of poverty in Uganda.
References
Akpomi, M.E. (2008). Developing Entrepreneurship Education Programme (EEP) for Higher
Education Institutions (HEIs) in Nigeria. Post-doctoral research project carried out at the
University of Reading, Reading UK.
Curran, J & Stanworth, J. (1989). Education and training for enterprise some problems of
classification, education and policy research. International Small Business Journal., Vol 7 (2)