KAMPALA–KCB bank has today, Wednesday November 29, organized a business training workshop at Piato Restaurant, Kampala for its members as well as local entrepreneurs in the country.
The workshop held under the theme: “Stretching your business success” aims at helping local small and medium enterprises (SMEs) grow their businesses.
Speaking during the training, Godfrey Ssenteza, the KCB Bank Uganda Head of SME, noted that the quarterly training workshops equip KCB business club members with the prerequisite skills needed to grow their businesses.
“We are upskilling our customers; every quarter we hold themed business training workshops with experts in various fields to enable our customers gain knowledge and skills to enable them resiliently stay in business and push on to the next level,” Ssenteza noted.
The SME sector employs the largest number of people in Uganda, according to Uganda Investment Authority (UIA).
The investment body says over 2.5 million people are employed in the sector, accounting for about 90 per cent of the entire private sector.
Unfortunately, most of the SMEs do not have written down goals which means they cannot move their enterprises from one level to another, according to Laban Mawungwe, a marketing consultant.
The SMEs, Mawungwe says, do not have clarity of their business goals and if they do, they do not share it with their employees.
He noted that every business must have a goal if it is to become successful.
“As an entrepreneur, you must share the company’s goals with your team, make it repetitive so that every employee knows what they are working towards,” Mawungwe says.