A family approach to business
FOR a long time, I have been researching on how Asians in Uganda successfully run their businesses. It is fascinating that a Ugandan struggles to build a business in his own country, but a foreigner comes in and runs a booming business.
GET INSPIRED - By Bake
FOR a long time, I have been researching on how Asians in Uganda successfully run their businesses. It is fascinating that a Ugandan struggles to build a business in his own country, but a foreigner comes in and runs a booming business.
But this should not surprise you because the Asians apply certain simple principles of success that many of us often ignore.
An Asian will cut down expenditure on as much as he can. While you plan to sell off your Toyota Kibina to buy a Harrier, he will ride a motorcycle, beat traffic jam and save time every morning.
At his business, he charges a lower price and earns a small profit, but wins more customers. In this way, he is building his brand and he always thanks you for coming to his business.
I know of an Asian who owns a big supermarket, but he carries customers’ items up to their cars. Who can fail to appreciate such customer care?
Most importantly, I have realised that these Asians run family businesses. Think of Mukwano, Madhvani and the rest. You will find the entire family involved in the planning and running of the business. This means the business does not rely on the efforts of one person, but rather a concerted effort from several heads.
I think when I get married, I will surely get my wife to take part in the business.
If you have been carrying the weight of your business solely, think of transforming your idea into a family business.
With a family business, when you are sick or away, it continues to run normally.
Robert Bake Tumuhaise,
World of Inspiration, and
Founder of Authors Forum
bakerobert@yahoo.com
0712-868424
FOR a long time, I have been researching on how Asians in Uganda successfully run their businesses. It is fascinating that a Ugandan struggles to build a business in his own country, but a foreigner comes in and runs a booming business.
But this should not surprise you because the Asians apply certain simple principles of success that many of us often ignore.
An Asian will cut down expenditure on as much as he can. While you plan to sell off your Toyota Kibina to buy a Harrier, he will ride a motorcycle, beat traffic jam and save time every morning.
At his business, he charges a lower price and earns a small profit, but wins more customers. In this way, he is building his brand and he always thanks you for coming to his business.
I know of an Asian who owns a big supermarket, but he carries customers’ items up to their cars. Who can fail to appreciate such customer care?
Most importantly, I have realised that these Asians run family businesses. Think of Mukwano, Madhvani and the rest. You will find the entire family involved in the planning and running of the business. This means the business does not rely on the efforts of one person, but rather a concerted effort from several heads.
I think when I get married, I will surely get my wife to take part in the business.
If you have been carrying the weight of your business solely, think of transforming your idea into a family business.
With a family business, when you are sick or away, it continues to run normally.
Robert Bake Tumuhaise,
World of Inspiration, and
Founder of Authors Forum
bakerobert@yahoo.com
0712-868424