In a bid to upskill local entrepreneurs, KCB bank has held a business training workshop for members of the KCB business Club.
The training held under the theme “stretching your business success” was aimed at helping local small and medium enterprises (SMEs) grow their businesses.
According to Laban Mawungwe a marketing consultant, most of the SMEs do not have written down goals which means that they cannot move their enterprises from one level to another.
The SMEs he says, do not 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 the business 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.”
Speaking during the training Godfrey Ssenteza, the KCB Bank Uganda Head of SME noted that the quarterly training workshops are a way of enabling KCB business club members get the prerequisite skills to run their businesses and take them from one level to the next.
“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,” noted Ssenteza.
The SME sector employs the largest number of people in Uganda, according to Uganda Investment Authority, over 2.5 million people are employed in this sector, where they account for approximately 90% of the entire private sector, generating over 80% of manufactured output.