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atlanta_shopping_centre_gulu [2018/07/29 08:10] (current)
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 + ​Atlanta hopping Centre belongs to Okot Amos who is a 27 year-old man. He said he came into business because he had nothing else to do for a living more so he had done a certificate course in Accountancy. In this business he sells ladies'​ gents' and children'​s shoes.\\ {{::​dscn2004.jpg?​nolink&​800}}\\ \\ \\  He also deals in clothing for ladies,\\ \\ \\ \\ {{::​dscn2011.jpg?​nolink&​800}}\\ \\  He also sells men's and children'​s wears.\\ {{::​dscn2008.jpg?​nolink&​800}}\\ \\  He also sells bags, and belts.\\ \\ \\ \\ \\  He has been in this business for two years. He has chosen to be a sole trader because he says he enjoys being alone. He began this business with a bank loan. Amos is one of the few lucky traders who got some business knowledge while at school. His training as an accountant inspired him to begin a business.\\ \\  The social environment is a crucial factor in this business. Amos has got to check on the taste of the society before he places orders for the goods. The youth in particular have their choices for clothes changing faster than those of the adults. H e also has to cater for choice of clothes according to location. Rural inhabitants,​ who also make part of his customers , urban people too must be looked at.\\ \\ With a wide a good variety of goods, Amos ahs a wide market for items in his stall. Demand for his items is all the year round. Supply for these items is regular by suppliers from Kampala. Amos chose to have supplies and suppliers from Kampala for fear if higher prices from Gulu and also lack of wholesale suppliers of these items in Gulu. The suppliers in Kampala are not fixed. Amos said,’ Sometimes I go to Nakawa market in Kampala when I hear of a grand market day there. On other occasions I go to Kamwokya ….. wherever I hear of a good buying place.’ Amos gets such information from his business friends who are more frequent in Kampala. Amos has many competitors. Some of these are far well ahead of him in terms of capital, experience and number of customers. He does not advertise his business on radio or TV. He says he has business cards which he gives to some prominent buyers who later roll this out to other contending buyers. Amos uses his phone to connect with customers and suppliers. He says he also uses the internet to look out for new fashions. He says his present location is good because most of his customers reside in town.\\ \\  Amos has many competitors. Some of these are far well ahead of him in terms of capital, experience and number of customers. He does not advertise his business on radio or TV. He says he has business cards which he gives to some prominent buyers who later roll this out to other contending buyers. Amos uses his phone to connect with customers and suppliers. He says he also uses the internet to look out for new fashions. He says his present location is good because most of his customers reside in town.\\ \\  Amos says he gets business advice from fellow traders who have been long in the trade. He keeps all records of all transactions written down. He uses the double entry system. He has a Business Plan and also a Mission Statement In his plan, he wants to have more than one business in future. Amos says he puts most of his profits back to the business. He does not have a big family and does not have a lot of responsibilities. Amos has no ethical issues to deal with in his business.\\ \\  Amos has many challenges to deal with but the most serious ones are:​\\ ​
  
 + 
 +  * Inadequate capital for investment
 + 
 +  * Too many competitors
 + 
 +  * High prices from suppliers
 +He is trying to manage these challenges by:\\ 
 +
 + 
 +  * Borrowing from financial institutions
 + 
 +  * Buying high quality goods from suppliers
 + 
 +  * Buying from the cheapest suppliers in Kampala. This is not easy though he says. One needs to have some connections. And for him the connections are longtime traders in Gulu.
 +Amos believes that ifsome more mentorship is carried by BOSCO Uganda, and he reorganizes his Business Plan and Mission Statement , his business will have a bright future.
atlanta_shopping_centre_gulu.txt · Last modified: 2018/07/29 08:10 (external edit)