business plan samples in uganda

Business Plan Outline

1.0 executive summary.

• 1.1 - Introduction
• 1.1.2 - Brief on the Project Proposal: what the project entails
• 1.2 - Brief on the Applicant
• 1.2.1 - Legal Status
• 1.2.2 - The Directors / promoters – personal details, Qualifications, experience
• 1.2.3 - Statutory Obligations/Corporate Governance Practices (operating license / registration compliance, PAYE, NSSF, NEMA where applicable and any other)
• 1.3 - Past Financial Performance

2.0 Market Analysis

• 2.1 - The Product(s)/Services and Product /Service Description
• 2.1.2 - Future Products if any
• 2.2 - Industry Analysis
• 2.3 - Demand Analysis
• 2.4 - The Prices
• 2.5 - Competition –analysis and comparison
• 2.6 - Marketing/Sales and Distribution programs / strategies

3.0 Technical Aspects

• 3.1 - Location – description, accessibility, utilities
• 3.2 - Existing Infrastructure and assets (e.g. land & buildings, vehicles, furniture, equipment, machinery)
• 3.3 - Projected Volume of Production/Enrolment/Occupancy Rates
• 3.4 - Production/Process Flow where applicable
• 3.5 - Raw Materials and labour Availability

4.0 Implementation

• 4.1 - Implementation Time Table

5.0 Organisation and Management

• 5.1 - Organization Structure
• 5.2 - Management – Current key personnel and qualifications and future arrangements
• 5.3 - Manpower Schedule and Remuneration

6.0 Financial Aspects

• 6.1 - Total Project/ Investment Costs
• 6.2 - Source of Financing
• 6.3 - Working Capita
• 6.4 - Assumptions of the financial projections
• 6.5 - Projected Profit and Loss
• 6.6 - Projected Cash Flow
• 6.7 - Key Financial Indicators/Business Ratios

7.0 Risk Analysis and Proposed Mitigation

• 7.1 - Market Risks
• 7.2 - Political and Economic Condition
• 7.3 - Foreign Exchange Availability
• 7.4 - Financial Risks
• 7.5 - Others Risks if any

8.0 SWOT Analysis

9.0 socio-economic aspects.

• 9.1 - Employment
• 9.2 - Government Revenue

10.0 Environmental Aspects

• 10.1 - Key Aspects of Environmental Concern
• 10.2 - Action to be undertaken by Promoter to address environmental concern if any

11.0 Final Observations

General inquiries.

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The 79 Best Business Ideas In Uganda [2023]

Interested in starting a business in Uganda in 2023?

We put together 79 of the best businesses you can start in Uganda today.

In this list of ideas, you can find:

• Home-based businesses to start in Uganda
• Profitable online business ideas
• Unique business opportunities for Uganda
• Low investment business ideas (under $5k to start)
• Easy businesses you can start in Uganda today

For each business idea, we’ll show you real-world examples, revenue expectations for each idea, + a step-by-step on how to start your small business in Uganda.

Here's the full list:

1. Start a catering business

A catering business is responsible for providing food & beverage-related services for vast types of events.

Catering businesses are known to be more flexible than other businesses because they don't have to worry about location or pricing and can even work 24/7. They can cater anywhere and offer any price point that they want.

However, starting a catering business requires a lot of planning. To start a successful catering business in Uganda, you'll need to plan and prepare menus, manage budgets, handle clients, and more. In addition, catering allows you to meet more people and show off your cooking skills.

How much you can make: $3,750 — $48,333/month

How much does it cost to start: $500 (?)

How long does it take to build: 90 days (?)

Case Study How I Found Success With A $20K/Month Catering Company After Starting Many Businesses Elegante Catering founder, Nestor Nidome, details his journey from failed DJ business to a $20k/month catering company, emphasizing the importance of online marketing and customer feedback as key contributors to his success. $20K Monthly Revenue $500 Startup Costs 11 8.6K

2. Start a sewing and alteration business

Do you have sewing skills and looking for an entrepreneurship opportunity? You can start your sewing and alteration business.

A sewing and alteration business offers customers clothing repair, custom tailoring, button replacement, and other alterations. You can start a sewing and alteration business at home or set up a retail location.

To start a sewing and alteration business, you will need a commercial-grade sewing machine and a marketing strategy, so target customers learn about your business.

How much you can make: $1,000/month

Case Study These Two Founders Started An On-Demand Clothing Alterations Startup ALTRD is a clothing alteration service launched by two socially oriented entrepreneurs that connects customers with skilled immigrant women tailors in New York who work from home and has already built an impressive team of 25 experts while making an effort to offer convenient and quality tailoring solutions as well as opportunities for women in need of work. $1K Monthly Revenue 9 7.13K

3. Start a furniture business

The furniture industry involves designing, manufacturing, and selling various types of furniture for household and commercial purposes. With the increase in flexible workspaces and the real estate industry’s growth, the furniture business’s demand is boosted.

The furniture business is easy to start and does not require high investments. However, it is first essential to know your niche, for example, office, domestic, home furniture, and luxury items.

The furniture business needs a lot of preparation and prior knowledge. Taking business classes, learning about your local market, and making a solid business plan is advisable. In general, if your products are unique and one of a kind, consumers will be willing to pay a higher, including the shipping cost.

How much you can make: $1,700 — $999,999/month

Case Study How I Took My Woodworking Hobby Full Time To Build A Successful Brand Sasha Weekes, owner of Timber Grove Studios, turned her fine arts and cabinetmaking education into a successful home-based woodworking business that grew from a side project to netting 20-50% profits month-to-month and up to $10,000 in sales during peak periods through Etsy, with her company's growth continuing to increase through other social media outlets. $6.5K Monthly Revenue 12 56.5K

4. Start a dog training business

Professional dog trainers can be an incredibly fulfilling profession, especially for dog lovers. You can choose to work as an independent dog trainer or work under a company as a part-time trainer. However, note that dog training takes more commitment for a part-time gig. To get started, you need some education to understand how dogs behave and train them in new tricks. You will find tons of online resources on dog training. Alternatively, you can work as an intern with local dog trainers to acquire the skills before setting up your dog training side hustle. The average hourly rate for dog trainers is just over $50/ hr.

How much you can make: $5,000 — $8,000/month

How long does it take to build: 60 days (?)

Time commitment per week: Min. 5 hours/week

Case Study How I Started A $5K/Month Dog Training Business Fraternityk9 dog training is an example of how Donald's passion for dog training turned into a $5k/month business, by utilizing platforms like Facebook and Instagram, and learning about sales and business to scale the process. $5K Monthly Revenue 6 7.4K

5. Start a brewery

If well-planned, a brewery can be a profitable business. However, starting a brewery is not a walk in the park.

Opening a brewery requires a lot of planning, involves many decisions, and is capital intensive.

If you have decided to start a brewery, you must comply with the legal requirements. Then, understand the startup costs involved in starting a brewery.

Your brewery business plan must indicate the brewery concept and outline the brewery funding plans.

How much you can make: $56,000 — $120,000/month

How long does it take to build: 365 days (?)

Case Study How This Entrepreneur Started A $2M Craft Brewery Progress Brewing, a craft beer company in South El Monte, saw continuous growth of 12-14% every month for 16 months straight and hopes to break $2M revenue in 2019 with a focus on high-value non-hype beer, excellent customer service, and providing an overall enjoyable experience. $120K Monthly Revenue 9 7.24K

6. Start a hair salon

Hair salons offer a wide range of beauty services including hair-cutting, waxing, nail treatment, massages, and complementary care such as aromatherapy.

With the increased demand for high fashion beauty services, starting a hair salon could be a profitable venture.

To start a hair salon in Uganda, you need a strong business plan and find a niche that attracts a local client base. To succeed, hire knowledgeable and experienced employees, and encourage them to maintain a good customer service culture,

How much you can make: $550,000/month

Case Study How I Went From Hairstylist To Running My Own $3.3M Salon Business This case study follows the founder of Urban Betty, who started her salon business with only one contractor, and now has two locations with over 50 employees, growing from 1.5 million to 3.4 million in revenue from 2014-2018, and investing around 2% of its gross income every year in Yelp, Google, and Facebook Ads. $550K Monthly Revenue $69.9K Startup Costs 8 19.6K

7. Start a cleaning service

A housecleaning side business is a beautiful idea for people with free time on weekends or even weekdays. The side hustle idea requires little capital to start. During the launch, you can choose to offer the service to your neighbors and scale as you gain experience. The average salary for a house cleaner is $17.32 per hour.

By starting a house cleaning business in Uganda, you are tapping into an enormous market with plenty of clientele. There could always be demand for your cleaning service, which keeps you in business as you help homeowners keep their homes spotless.

How much you can make: $3,000 — $600,000/month

How much does it cost to start: $2,000 (?)

How long does it take to build: 80 days (?)

Time commitment per week: Min. 7 hours/week

Case Study How I Started A $100K+/Month Home Cleaning Service For Busy Individuals And Airbnb Hosts MaidThis®, launched by Neel Parekh in Los Angeles with just one cleaner in 2013, has achieved over $10 million in total revenue by focusing on cleaning Airbnbs and vacation rentals, thanks to its successful remote business model and new-age marketing tactics, and has now launched MaidThis Franchise to expand the business further. $100K Monthly Revenue $800 Startup Costs 19 19.6K

8. Start a solar energy business

Switching to solar energy has become the best way to save money by reducing utility bills. Are you interested in starting a business that focuses on renewable energy solutions?

A solar company can be a great business idea. You can set up a solar energy plant and sell the power to households and businesses without requiring them to purchase the entire solar energy system.

How much you can make: $600,000 — $2,000,000/month

How long does it take to build: 120 days (?)

Case Study How I Started A $600K/Month Company Selling Low Cost Solar Energy Clean Energy Solutions, a solar-energy provider based in LA, has grown over 6700% from 2014 to 2019, with monthly revenue around $600,000 and plans to expand its energy-efficient affordable housing division, thanks to its unique solar program allowing clients to save money using solar energy at a lower price than their utility would charge. $600K Monthly Revenue 10 65.6K

9. Start an online video editing business

Video editors manage camera footage, dialogue, sound effects, graphics, and special effects to produce the final film or video product. To become an online video editor, you must have media production and communication knowledge and the ability to work with others.

To start a video editing business, you can outsource video editing skills from an experienced professional. Your role will be to pick video footage from the customers and upload them for the video editor to do the magic.

How much you can make: $2,000 — $208,000/month

How long does it take to build: 110 days (?)

Case Study How We Developed A $6K/Month Online Video Editing Software VEED.IO, a London-based start-up co-founded by Sabba and her partner, offers a simple online video editing platform using batch job cloud architecture to help social media managers across the world auto subtitle, filter, rotate videos and much more, earning the company $5,300 MRR and the founders Ramen profitability within just a year of starting. $6K Monthly Revenue 13 11.4K

10. Start an online advertising agency

An online advertising agency provides business owners with a wide range of marketing services to help them reach targeted customers, and increase their product or service sales.

Services offered by online advertising agencies include creating ads, planning marketing campaigns, deciding the best platforms for reaching the target audience, and analyzing performance to help businesses make strategic marketing and advertising decisions.

How much you can make: $2,797 — $1,250,000/month

How much does it cost to start: $2,500 (?)

How long does it take to build: 45 days (?)

Case Study My Story On Building My Own $8K/Month Digital Advertising Agency Fantôm Agency founder Luis Camacho shares how he built his digital advertising agency from scratch, focusing on helping mid-to-late stage SaaS companies scale through paid advertising channels and generating around $8,600 per month without significant overhead costs. $25K Monthly Revenue 11 13.3K

11. Start a tutoring or education business

When students have problems with their schoolwork, they turn to tutors for help.

Being a tutor awakens your entrepreneurial skills. Being your own boss allows you to set your own schedule and be more independent. You'll create lasting relationships with students and their parents. Last but not least: you get paid well!

How much you can make: $1,700 — $500,000/month

How much does it cost to start: $4,000 (?)

Case Study How I Started A $200K/Month Online Makeup Academy Online makeup academy, Vizio Makeup Academy, founded in 2011 by Anastasia Andreani and her partner, has enrolled over 3,300 students and generated $2.4M in revenue this year, by offering professional makeup courses online and creating their own cosmetic line. $235K Monthly Revenue $4K Startup Costs 5 14.6K

12. Start a dropshipping business

Dropshipping allows you to start your online e-commerce store without stock-keeping. Therefore, you do not need huge capital, and the risk is minimal because the manufacturer is responsible for the inventory and ships it directly to the customer. Therefore, your responsibility remains to market and offer customer service.

To start a successful dropshipping business in Uganda, you need a mastery of online marketing and a focus on improving customer experience.

How much you can make: $6,000 — $3,000,000/month

How much does it cost to start: $6,000 (?)

Time commitment per week: Min. 10 hours/week

Case Study How I Started A $100K/Month Business Mentoring Dropshipping Entrepreneurs Entrepreneur Kamil Sattar has developed multiple six-figure drop shipping businesses, and his company, e-commerce mentoring, specializes in helping others create their own successful companies, with favorite platforms including using Shopify and apps such as Loox reviews and SMSBump. $100K Monthly Revenue $1K Startup Costs 15 23.2K

13. Start a content writing company

Content writing involves writing, editing, and publishing content in a digital format. Examples of content include a blog post, product description, and podcast script—eBooks, press releases, or landing page content.

Becoming a content writer allows you to work as your boss. Therefore, you choose whatever working schedule suits you and take a manageable workload. Moreover, content writing helps you develop essential skills you may not obtain from regular writing.

Content writing is a highly-on-demand service, as companies compete for the online audience who often begin their shopping journey by searching for relevant and educative content online. Therefore, a content writing company is an excellent source of passive income.

To start a content writing company in Uganda, research the market and choose a suitable niche. Sketch a proper business plan and create a website. Hire a pool of talented writers and leverage modern technology to streamline operations.

How much you can make: $1,000 — $250,000/month

How much does it cost to start: $600 (?)

How long does it take to build: 30 days (?)

Case Study How Dani Mancini Transformed Her Freelance Gigs Into A SaaS Business Scribly.io, a subscription-based copywriting service providing high quality content that helps businesses scale at roughly 50% of the cost of hiring in-house, created by Dani, a first-time entrepreneur who started with just a few hundred dollars worth of projects and with the help of three other writers; as of last month, Scribly.io topped $14K monthly revenue. $37K Monthly Revenue 23 12.4K

14. Start an affiliate marketing business

Are you looking for a side hustle to pay you a passive income? Affiliate marketing is one of those side hustles that will pay you well over the long term. It is a way to earn money online by promoting other companies' products and services. You will be paid a commission for each sale you make as an affiliate marketer.

To get started, learn how to find the right product and brand to partner with. For example, you may prefer becoming an affiliate marketer for an eCommerce store, partnering with a manufacturer, and marketing their products for a commission.

How much you can make: $500 — $773,000/month

How long does it take to build: 55 days (?)

Case Study How I Built A $3.5K/Month Authority Site With A Full Time Job Bar Games 101 is an authority website about classic bar games with over 200K monthly visitors and revenue over $4,000 for the month of August, achieved through consistent publishing of researched articles and outsourcing by the founder. 14 28.9K

15. Start a mobile photography business

Want to start your own photography business? You're not alone. With the rise of social media and photo-sharing, blogging, and online retailing, it's never been easier to start making money behind your camera.

There are photographers shooting weddings, creating images for ad campaigns, freelancing for magazines, touring the world, taking photographs of destinations — the list is endless!

To start mobile photography in Uganda, research the target audience and determine which specialization area is more lucrative. Invest in high-quality, professional cameras, lenses, and a computer with professional software photo-editing software.

How much you can make: $2,000 — $500,000/month

How much does it cost to start: $5,000 (?)

How long does it take to build: 200 days (?)

Case Study How I Started A Commercial Product Photography Business Pro Photo Studio founder Tsour Lee Adato shares how she turned a $5k investment into a business that services over 500 clients annually and makes approximately $350k per year with plans to expand and become a 7-figure business while offering advice to fellow entrepreneurs to always be innovating, learning and growing, and not to undervalue themselves. $45K Monthly Revenue $5K Startup Costs 14 14.6K

16. Start a freelancer platform

Freelancer platform is a place where people come with skills and services to offer and people come who need those skills and services. So we can say freelancer platforms are a marketplace for sellers and buyers of services and skills.

The freelancing industry is growing rapidly and it's becoming a popular career option for people who are "non-traditional" employees. The global Freelance Platforms market size is expected to reach $6.7B by the year 2025 . While working on a full-time job, freelancers simultaneously work on a freelance career. The platforms available online help them to increase their business by attracting new clients.

With all of the businesses looking for help on their websites, it would be a good idea to start a freelancer platform. Freelance platforms do well because people have jobs that need to be done and businesses have the resources to pay for the job at hand.

How much you can make: $3,000 — $5,000,000/month

Case Study We Bootstrapped A Tech Talent Platform To $1.2M Sales In Our First Year CloudDevs, a tech talent platform that sources and vets freelance tech talent and matches them with companies, has achieved $1 million in GMV in its first year, plans to achieve 100% growth year on year, and focuses on customer loyalty through its Net Promoter Score metric. $100K Monthly Revenue $2.5K Startup Costs 18 15.5K

17. Become a mobile personal trainer

Do you love helping people through their fitness journey? If you want a great side hustle to earn extra income, consider becoming a personal trainer.

The fitness trainer side hustle can be an adamant industry to earn good money. However, once you develop a reputation as a good trainer, you can get more clients through referrals. You need to register for the certification course to start offering personal trainer services in Uganda.

To attract your first clients, consider online advertising, and seek referrals from every customer.

How much you can make: $600 — $8,333,333/month

How long does it take to build: 532 days (?)

Time commitment per week: Min. 4 hours/week

Case Study How I Started A $60K/Month Personal Training Company Live Fit, a personal training company founded in 2011, grew from earning $80,000 in their first year with two trainers to earning over $760,000 in 2019 with 12 trainers and two locations, thanks to a focus on building trusting relationships and providing a variety of services to clients. $60K Monthly Revenue $50K Startup Costs 9 8.01K

18. Start a language translation service

Language translation services bridge the linguistic barriers, helping businesses reach a wider audience outside of a single language. A language translation job is an opportunity to cover a wide range of topics and meet people from different cultures.

To become a language translator in Uganda, master a second language and earn some experience so you become fluent in the second language.

How much you can make: $40,000 — $550,000/month

How long does it take to build: 70 days (?)

Case Study Buying A Translation Company And Growing It To $4M/Year DEMAN Translations grew from 6 employees and 1.5 million euros in turnover in 2015 to 17 team members and 3.5 million euros in sales in 2020 after acquiring 12 other translation agencies, with a goal to reach 6 million euros this year and 10 million euros in 2022. $550K Monthly Revenue $1.25M Startup Costs 10 7.45K

19. Start a boutique

You may consider opening a boutique if you are passionate about the fashion and textile industry.

A boutique is a shop that sells clothes. Opening a boutique is a dream for entrepreneurs who want to experience the joy and freedom of owning a cash business. Starting a boutique is easy and can be managed by a single individual. In addition, a boutique requires a comparatively smaller capital to start.

To succeed, the boutique owner must coming creativity and passion.

How much you can make: $10,000 — $33,000/month

How much does it cost to start: $100 (?)

Case Study How I Grew My Clothing Boutique to $10K/Month in 6 Months Boutique Rye is an online-only women's clothing and accessories boutique that has grown to 3,200 Facebook Group members and a successful website through organic customer sharing, live sales, and open communication with customers. $10K Monthly Revenue 16 33.4K

20. Start a SEO agency

An SEO agency is a company that provides search engine optimization services to businesses. The function of an SEO agency is to help businesses rank higher in search engines through organic or paid means.

SEO is a rapidly growing industry, with experts across all aspects of the field already making six-figure incomes and expecting to see these earnings grow dramatically over the next few years. Getting into SEO today, before it gets too saturated, will allow you to establish a strong base in a new career, with an excellent chance for success.

It’s easier than ever to start your SEO agency in Uganda. The tools are there, and the competition isn’t as stiff as it used to be. If you’re considering starting an SEO or digital marketing agency, it might be a good idea to learn how other digital agencies succeed.

How much you can make: $1,000 — $10,000,000/month

How much does it cost to start: $1,000 (?)

Case Study How I Started An SEO Agency For Lawyers Generating $3.6M/Year Rankings.io is a hyper-focused SEO agency that helps elite personal injury law firms dominate first page rankings and was ranked #858 in the Inc. 5000 list of the fastest-growing companies in America for 2018, with a current revenue just under $300,000 per month, with plans for a record-breaking year. $10M Monthly Revenue 33 32.5K

21. Start a small machine shop

A small design shop is a company that manufactures and builds things in the field of mechanical engineering. The company may focus on a specific type of work or have the capability to do many types of work.

Starting a small design shop is a good idea for engineers who have an interest in design, don't want to work at a large company, or are looking for job satisfaction.

Starting your own shop is not easy, but it could be worth it if you are looking for job satisfaction.

22. Start a skin care product line

The skincare business is a multi-billion dollar one, and it shows no sign of slowing down. New anti-aging products are entering the market at a nearly exponential rate, and the competition for consumers' money is growing more and more.

The industry was valued at 130 billion USD in 2021 and will expand at an annual growth rate of 4.6% up to 2030. This is surely a type of business that you should not miss. You'll need to build your creativity on your products and make sure that it is all safe and useful in improving the skin of your customers.

How much you can make: $300 — $1,000,000/month

How long does it take to build: 180 days (?)

Case Study How Two Moms Started A Business Selling Homemade Body Butter Two moms start a side hustle selling all-natural body products, doubling sales since their launch in 2017 with over 75 craft shows, promoting a non-profit source for their shea butter and self-promotion through podcasts, lining up retail interest from exposure. $2K Monthly Revenue $10K Startup Costs 6 32.5K

23. Become a software developer

A software developer is a person who creates computer programs. They design, test, and oversee the creation of software for a variety of purposes including businesses, personal use, or social networking.

If you have strong technical skills and experience in programming, you can start a software development business. You should also have a good understanding of how the software works.

The average salary for software developers is $110,140 . The best-paid 25 percent earn an annual income of up to 140K dollars while the lowest-paid workers make just under 84K dollars.

The recent trends in software development are moving towards mobile apps and cloud-based solutions. Businesses are providing a variety of programming languages and tools to create software that meets the client's needs.

Starting a software development company is the perfect way to explore in this exciting industry. This type of business is growing in popularity as businesses are looking for ways to offer their customers a convenient way to access their data and applications.

How much you can make: $1,700 — $465,583,333/month

Case Study How We Started A $350K/Month Business Developing Software Tools For Ecommerce Brands SkyVerge, a software company, has grown rapidly with revenue of $350,000 per month, over 100,000 eCommerce customers, and a globally distributed team of 30 people, all through starting with consulting projects and building focused and solutions-based products, acquiring small products from other developers, and focusing largely on content marketing and providing excellent customer support. $350K Monthly Revenue 10 34.5K

24. Start a niche web design business

Niche web design business focuses on a specialized market such as law, home improvement, videography, fashion, etc. typically, when a web designer niches down their services, they are simply choosing to concentrate on one industry and create websites for businesses within the particular niche. To become a niche web designer, consider honing the following skills and personal qualities:

• Visual design, HTML, CSS, JavaScript
• Strong communication skills
• Analytical thinking and problem-solving skills
• Teamwork and research skills
• Attention to detail

Narrowing your focus to a particular niche gives you a higher chance of becoming a recognized expert and places you in a better position to charge more for your services.

How much you can make: $200 — $200,000/month

How long does it take to build: 40 days (?)

Case Study How I Started A $30K/Month Web Development And Marketing Agency Focused On Locksmiths The Locksmith Agency, run by Samuel Wilson, a licensed locksmith with over 10 years of digital marketing experience, is making $30k+ per month by providing digital marketing services such as Website Development, SEO, and Google Listing optimization services specifically for the locksmith industry. $30K Monthly Revenue $500 Startup Costs 8 6.04K

25. Build a chrome extension

A chrome extension is a small software program that allows you to customize the way your web browser works. Extensions can add new features to your browser or change the way existing features work.

If you have skills in programming and coding, you can create your own chrome extension and then sell it on the Chrome Web Store. You can also offer it for free and generate revenue through advertising. This is a great way to leverage your skills and create a business that can be profitable.

There are many different types of chrome extensions that you can create. You can create an extension that helps people with their productivity, or you can create an extension that provides security for the user's data.

Building a chrome extension is a great way to start your own business as a programmer, developer, or coder. This is a unique way to leverage your skills in order to create something new and innovative.

How much you can make: $10 — $17,366,666/month

26. Start a food truck

Food trucks are a highly profitable business that offers customers a variety of meal options out of a mobile truck. This basically operates inside a large vehicle equipped with kitchen and food products. Starting a food truck is a dream for many people, but it's more challenging than it looks. To make it work, you need the ideal location and menu.

To start a food truck business in a particular city, it is mandatory to check what kind of food trucks are already operating, identify a gap, and bring in some new experiences. Then, with the right plan and the right approach, you can be on your way to starting your own food truck empire.

How much you can make: $29,166 — $61,650,000/month

How long does it take to build: 75 days (?)

Case Study How I Took Food Trucks Corporate And Built A $18M Business Food Fleet grew over 160% in just one year and managed over 20 million in sales for its clients, securing multiple contracts with the likes of Sodexo, Levy Restaurants and more, due to its understanding of catering client needs and its advanced turnkey and design services. $1.5M Monthly Revenue 15 14.1K

27. Start a sex toys business

The sex toy industry is growing rapidly, and there's no sign of this slowing down.

The reasons for this growth are varied. The rise of social media has made it easier to find out about new products and services, which has given companies greater access to their customer base and helped them grow their businesses. More people are also getting comfortable with buying things online; not only does this make it easier for them to shop in private, but it also helps them avoid embarrassment if they're nervous about their purchases being seen by other customers while they're waiting in line at a store.

The industry itself is changing as well: companies are offering more variety than ever before, which means that there's something for everyone—even those who might not have considered themselves interested in this sort of thing before now can find something that suits their needs perfectly!

There are already individuals who made it big in this industry and these stories are the proof of their success.

How much you can make: $500 — $5,260,000/month

How much does it cost to start: $625 (?)

Case Study How We Started A $2.4K/Month Sex Toys For Men Store SexToysForMen.Co founder shares how he stumbled into the adult toy industry, and through organic content marketing and referrals, has grown the business to bring in monthly revenue of $2,000-$3,000 with an email list accounting for 30% of sales. $2.4K Monthly Revenue 11 17.5K

28. Become a nutritionist

A nutritionist is a food and nutrition expert who guides you toward a healthy lifestyle by counseling on nutrition issues specifically to increase or decrease body weight.

They are called food experts because they teach you about healthy food habits and how to plan your meal, including all the nutrition, vitamins, and minerals that maintain good health and prevent diseases.

There are several courses available online to become a Nutritionist. You can also earn a bachelor’s degree in food science, nutrition science, clinical nutrition, or a related area.

The requirements to become a nutritionist vary from state to state, but some states require licensing by one or more of the following associations:

• The Clinical Nutrition Certification Board (CNCB)
• The Board for Certification of Nutrition Specialists (BCNS)
• Commission on Dietetic Registration (RDN)

There are several career opportunities for a certified nutritionist ranging from healthcare, food science & technology to working with large-scale groups like corporates, schools, and sports authorities. Some of the roles are:

• Clinical nutritionist
• Public health nutritionist
• Management nutritionist
• Sports nutritionist
• Registered dietitian nutritionist

An average salary of a nutritionist in the United States is $64,000 per year. A nutritionist can also work privately with their clients and charge them hourly. The average hourly pay for a nutritionist job in the US is $28 an hour.

Starting a nutritionist business in Uganda may feel overwhelming and confusing. Focus on knowing where to spend your time and energy to secure consistent nutrition clients. Seek referrals from other practitioners, such as personal trainers and doctors.

How much you can make: $600 — $500,000/month

How much does it cost to start: $300 (?)

Time commitment per week: Min. 3 hours/week

Case Study Leaving My 9 to 5 To Start My Own Nutrition Counseling Private Practice RDRx Nutrition is a successful private practice that offers individual nutrition coaching, boasting profits of $1,800-$2,100 per month after just one year of business, and achieving a client base of over 2200 followers on Instagram alone. $3.5K Monthly Revenue 9 12.3K

29. Start a real estate business

Are you a qualified architect with a broad range of knowledge in the real estate field? Starting a real estate business can be a profitable venture.

Real estate involves purchasing, selling, managing, or investing in land and buildings.

To become a successful real estate business owner, you must have finely honed visual awareness and a strong understanding of various building materials and structures.

How much you can make: $5,000 — $1,500,000/month

Case Study How I Started A $500K/Month Real Estate Investment Business This case study is about T. C. Lewis & Co, a real estate investment and management firm that successfully diversified their approach to include sales, development, remodeling, and construction, with property management being the key to investor doors and organic growth. $500K Monthly Revenue 9 11.6K

30. Start a voice over service

Voiceover artist is an auditory performer who uses their voice in scripted presentations. The role of a voiceover artist is only to be heard but not to be seen.

Working as a voiceover artist is an opportunity to choose the projects you enjoy engaging in. The role of a voiceover artist is also fun and can help you meet new people.

To become a voiceover artist in Uganda, start practicing aloud reading so you familiarize yourself with your sound. Then, create your recording studio where you can practice your voiceover skills. It would help if you had a quality microphone, professional recording software, a computer, and soundproofing materials.

How much you can make: $400 — $60,000/month

Case Study How I Started A $40K/Month Multilingual Voice Over Agency And Marketplace Voice Crafters, a multilingual voice-over agency and marketplace founded by Mony Raanan, doubled their revenue to over $765,000 in 2022 with a bottom line of around 30% after transitioning to an online marketplace and carefully vetting their network of over 1,000 professional voice actors in more than 80 languages. $40K Monthly Revenue $50K Startup Costs 14 6.19K

31. Start a blog

In recent years, blogging has become a highly sought-after & lucrative Business. This location-independent business is a creative outlet to reach a broader audience and even work at any time. According to Optinmonster’s list of blogging statistics and facts:

• Blogs have been rated as the 5th most trustworthy source of gathering online information.
• 77% of internet users read blogs.
• Each month, approximately 409 million people view more than 20 billion pages.

Originally blogging started as an online journal, but today it is a highly profitable career option. Many people are choosing blogging as their full-time career and are earning their bread and butter from this profession.

If you want to start blogging as a side hustle or as a full-time profession, choose a niche you will enjoy writing about and have a content strategy ready. Then, create a mailing list, and decide on a good blog posting routine to keep your audience engaged.

How much you can make: $200 — $160,000/month

How long does it take to build: 37 days (?)

Case Study How This 28-Year-Old Couple Quit Their Jobs And Make $20K/Month Running A Blog Learn how one couple created a successful personal finance blog, The Savvy Couple, that now makes over $20,000 per month and has sold thousands of digital workbooks and courses, by focusing on purposeful content and optimizing their ROI with efficient time management. $20K Monthly Revenue $500 Startup Costs 16 25.1K

32. Become a proofreader

Proofreading business is a service that helps customers review their written work and ensure it is ready for publication. Typically, a proofreader corrects grammatical errors and provides the written piece meets any relevant style guide.

As a proofreader, you can work online, allowing you to choose what time to work.

If you plan to start a professional proofreading business in Uganda, make sure you possess the following skills:

• Have an excellent grasp of grammar
• Ability to correct mistakenly capitalized words
• Familiarity with the proper use of capitalization
• Use spell-checkers to flag misspelled words

Proofreading is a great way to enhance content quality. With the increased use of written content marketing to reach a broader market, the demand for professional proofreaders has grown tremendously. Professional proofreaders earn an average of $12/hr. And $30/hr.

Therefore, consider proofreading as a business if you are looking for a great side hustle idea or simply looking for ways to increase your income.

How much you can make: $2,000/month

Case Study How I Added $2,000 To My Monthly Income Proofreading Blog Posts A proofreader was able to build a consistent income of ~$2,000 per month from scratch with zero experience in the field, no expenses, and barely any upfront costs by targeting bloggers and content creators who want their content to be copy edited and proofread. $2K Monthly Revenue 18 14.5K

33. Start a recreational boat rental service

Boat hiring and boat rental services are tapping into the booming market of the experience economy. Today, most consumers prioritize experience over material items. Boat rental services are necessary, not just for tourists but also for family, couples, friends, and even solo. Investing in the right recreational boat rentals can have a significant return on investment.

Listed are the steps to start a recreational boat rental service business.

• Register your business name
• Permit and licenses to operate
• Obtain equipment for the operation
• Hiring staffs
• Organize your business and activity flow
• Promote your business

34. Start a mobile app development business

Mobile app development is the process of creating software applications that run on mobile devices. These apps can be used for a variety of purposes, including games, productivity, and social networking.

Starting a mobile app development business is a great way to enter the world of software development. This type of company is growing in popularity as businesses are looking for ways to reach their customers through mobile apps.

To start a mobile app development company, you need to have strong technical skills and be able to develop high-quality software. You should also have a good understanding of how to market and sell mobile apps

How much you can make: $7,500 — $2,333,333/month

How much does it cost to start: $7,500 (?)

Case Study How We Started A $82K/Month Custom iOS And Android Apps Development Agency "We started a custom iOS and Android app development consultancy that now makes nearly seven-figures a year by landing clients like Great Clips and the USA CUP after building successful concept apps." $80K Monthly Revenue $500 Startup Costs 9 10.1K

35. Start a digital marketing business

Digital marketing businesses serve local and international companies to expand their reach and grow revenue. A top reason digital marketing is so exciting is that the field is constantly evolving and is easy to learn.

If you plan to start a digital marketing business in Uganda, educate yourself and understand how digital marketing agencies work. Then, focus on building your digital skills and advancing your career through online digital marketing courses.

To stand out, find a digital marketing niche and focus on the audience interested in your services.

How much you can make: $2,000 — $6,660,000/month

How much does it cost to start: $1,260 (?)

How long does it take to build: 58 days (?)

Case Study I Built A SEO Tool That's Completely Free For Users [From Lebanon] H-supertools founder Hasan developed a set of free SEO and digital marketing tools generating $2k per month in profit using Google Adsense, affiliate marketing, selling ad spaces, and email, plans to launch a membership option, and has attained over 80k registered users and 300k monthly visits in less than two years. $2K Monthly Revenue 12 12.1K

36. Start a beverage company

Are you thinking of starting a beverage or drink business?

Starting a beverage company can be a great way to combine your love of food and drink with a passion for entrepreneurship.

Beverage companies can make all sorts of different drinks, from juice to soda to beer. They can also sell other types of food products, like bottled water or snacks.

There are more and more drink options available today than ever before—and that means that beverage companies are constantly trying new things in order to stay competitive in this space! The more innovative they can be with their offerings, the better they'll be able to compete with one another

How much you can make: $500 — $200,000,000/month

How long does it take to build: 250 days (?)

Case Study I Grew A Drinkware Brand To $1.1M/Month At 23 Years Old BruMate is a successful insulated drinkware brand focused on the adult beverage community, with a flagship product that generated $2.1M in sales in 2017 and is now doing over $1.1M per month in sales, with plans to do $20M this year. $12M Monthly Revenue 1212 86.5K

37. Start an auto parts shop

If you want to start a retail business in the automobile industry, consider an auto parts business in Uganda.

The auto parts business is one of the most successful businesses in the world. There are many Auto Parts Businesses in the United States, Canada, and the UK, where most are part-time.

Listed are the steps on how to start an auto parts shop business.

• Pick a location
• Do your market research
• Secure all permits and licenses
• Open a bank account for business transactions

How much you can make: $45,000 — $600,000/month

Case Study How I Started A $12K/Month Aftermarket Vehicle Accessories This case study follows an inspiring 22-year-old entrepreneur who started an eCommerce store for aftermarket vehicle accessories, making 5x the amount of money he used to make per month, and generated over $90,000 in sales last year. $45K Monthly Revenue 8 17.7K

38. Start a travel agency

Are you a passionate traveler with entrepreneurial skills? Then starting a travel agency can be a great career choice for you.

As a travel agency, you'll be responsible for linking travelers to providers of all the travel and tourism-related services such as accommodation, transportation, sightseeing, tour guides, local adventure, etc.

Starting an online travel agency is a lot easier than you might think. You'll need to perform market research, get a few necessary certifications (such as your IATA number), study competition, build a website, and do proper marketing.

To maximize earnings, negotiate discounts from the industry service providers, and charge travelers within the market rate.

How much you can make: $2,000 — $114,200,000/month

Case Study How I Started A $2K/Month Side Hustle Selling Vacations Marissa Daniels runs a successful travel agency, Spread Your Wings Travel, that hit $100,000 in sales within a year of launch and provides payment plan options for its all-inclusive vacations, and she hopes to help 100 families supplement their income through the business. $7K Monthly Revenue $200 Startup Costs 5 16.6K

39. Become a social media marketer

Social media marketing is gaining website visitors or customers by promoting your company on social media. To succeed in social media marketing, you must regularly post tasty, entertaining, and engaging share material on your social media channels.

Everybody knows that social media is a tool that has become extremely important to businesses of all sizes. It allows them to connect with people worldwide and provides a platform for customer service. Social networks are changing the way we do marketing. They offer an opportunity for individuals, businesses, and organizations to reach millions instantly.

Nowadays, it is easy to earn money through social media marketing. You just need to invest some time and effort to make a profit. Social media has been an essential part of many businesses marketing campaigns, and it is expected to be a significant part of any company’s future.

How much you can make: $100 — $250,000/month

How much does it cost to start: $5,750 (?)

Case Study I Started My Own $20K/Month Social Media Marketing Agency This case study follows Kelsey Chance and her creative agency, Good Chance Creative, which specializes in social media content creation, and in just 3 years she has grown her one-woman business to make $20,000 in monthly revenue through a niche in small in-house marketing teams and start-ups managing their social content, with key services including lifestyle brand photography, social media account management, copywriting, and eCommerce strategy consulting. $20K Monthly Revenue $500 Startup Costs 12 6.02K

40. Start a podcast

Do you have knowledge and passion that you'd love to share with other people? Or perhaps you are a content creator and looking for ways to expand your revenue streams? If you match any of these criteria, then becoming a podcast host could be the perfect opportunity for you.

Podcasts are the new radio. Podcasting is one of the fastest-growing mediums for online audio, and it's not expected to slow down any time soon. But unlike traditional radio, podcasts are driven by content creators who have a passion for sharing stories with their listeners.

One of the main benefits that come with starting a podcast is the minimal investment needed to get started. All you need is a computer or phone with a microphone and a way to host it online. You can even create one on your own website if you want.

How much you can make: $400 — $1,020,000/month

Time commitment per week: Min. 2 hours/week

Case Study How I Started A Successful Podcast Production Company A successful podcast production company that grew from one client making $15/hour to a team of 10 contractors producing over 30 shows per week with revenue of over $10k/mo, primarily through referrals and with a focus on providing high personal touch and being picky about working only with clients who are a good fit. $16K Monthly Revenue 8 17.3K

41. Start a web design & online marketing business

If you know about website design and marketing concepts then starting your own web design and online marketing business could be the perfect opportunity for you to do so.

The online marketing industry is the second largest industry in the United States and continues to grow. The online marketing industry is massive. It is estimated to grow by 30% annually, reaching $400B in the next four years.

How much you can make: $6,000 — $800,000/month

Case Study How I Started A $10K/Month Business Selling DIY Web Design And Marketing Courses How Shannon Mattern built a DIY web design training business from scratch that now generates $10k/month in revenue through affiliate commissions and courses, without outside investment or debt. $42K Monthly Revenue 10 19.9K

42. Become a virtual assistant

Virtual assistants support businesses, teams, or individuals by performing administrative tasks remotely. As businesses these days tend to outsource their tasks, the demand for virtual assistants is growing rapidly.

Becoming a virtual assistant is flexible, as you can choose a work schedule and location at your convenience. Many virtual assistants in Uganda have a dedicated home office where they work in a quiet and distraction-free environment.

To become a virtual assistant, identify a niche you like and undertake any training. Then, figure out how much to charge your customers and create an online presence where you can apply for jobs. As a virtual assistant, you can define your work schedule depending on your availability.

How much you can make: $1,000 — $850,000/month

Case Study On Starting A Business Training Virtual Assistants Filipino Virtual Assistance by FVA Business Consultancy, founded by Julmar Grace Locsin, offers online and offline training to empower marketers, enable businesses, and equip freelancers which has trained 25,000 students from their 31 courses, has 16 coaches assigned from different territories, and fifteen in the FVA team for global digital leadership that will impact the world through digitalization, one life at a time. $1K Monthly Revenue $500 Startup Costs 6 7.45K

43. Start a mobile nail salon business

Starting a mobile nail salon business can provide you with the freedom and flexibility you can't get from traditional brick-and-mortar nail salon shops. Also, clients do not need to spend time driving to a salon, spend on gas or wait for an appointment. This setup is attractive to busy customers.

Listed are the steps on how to start a mobile nail salon business.

• Secure all needed permits and registrations to run your business
• Obtain needed licenses, training certificates, or credentials
• Purchase needed materials, equipment, and supplies

44. Become an IT consultant

Are you an IT graduate still looking for that dream job? Then becoming an IT consultant might be the right choice for you.

An IT consultant is an external analyst in charge of evaluating a company’s IT systems and helping them meets its business objectives. IT consultants analyze and diagnose a company’s IT infrastructure, understand the client’s needs, and design solutions to help companies’ IT problems.

How much you can make: $500 — $2,400,000/month

How much does it cost to start: $800 (?)

Case Study How A Database Consultant Became A Commercial Model Dan Khadem started a successful database consulting service for small and medium-sized organizations (earning about $2,000 per month) and transitioned into commercial acting and modeling, earning around $400 for 1-2 gigs per month, and is looking to sign with an agent to increase his earnings. $2.1K Monthly Revenue 5 3.98K

45. Start a mobile auto detailing service

A mobile carwash business reaches clients whenever possible and offers its services conveniently. Therefore, car owners do not need to drive to different locations looking for a car wash, as the mobile service provider is there for the client.

The advantage of offering a mobile car wash business in Uganda is that clients will call you to their location whenever they need their vehicles cleaned. You can serve more customers based on convenience compared to an immobile car detailing business.

How much you can make: $5,000 — $20,000/month

Case Study I Left Tech & Built My Own Car Detailing Business [My Hobby] Learn how former tech salesman, Matt Paskow, left the industry to start Fresh Look Mobile Auto Detailing, a profitable mobile auto detailing business generating around $5k per month that focuses solely on SEO, Google AdWords, and Google My Business for marketing. $5K Monthly Revenue $2.5K Startup Costs 9 3.69K

46. Start a travel agency

47. start a restaurant.

If you love cooking and are passionate about entrepreneurship, starting a restaurant can be a fun and lucrative business.

To get started, choose a great location, and hire an excellent support team. You will need a chef to inspect the food and line cooks, waiters, and waitresses to serve the customers. No matter the restaurant type, you need great culinary and business skills to make your dream come true.

If you plan to open a restaurant in Uganda, gain insight from consumer preferences and focus on serving modern consumers what they need.

How much you can make: $5,000 — $61,650,000/month

Case Study Starting A $1.5M Healthy Meals Delivery Business One Life Meals is a Toronto-based healthy meal delivery service that made 14,500 meals per month and generated $130k in monthly sales in 2018 through their one-on-one consultation, lean protein and seasonal veggies-based meals, and their focus on the client experience. $130K Monthly Revenue 12 19.6K

48. Start a child care business

Starting a childcare business is a great way to build a steady income. You will have the opportunity to be your boss and set your hours even from home. You will have the satisfaction of building one-on-one relationships with children and watching them grow over the years.

A childcare business is an excellent idea. It is both a personal and economical investment for its owners. This is especially true if you are considering starting your non-profit organization or becoming licensed to provide child care. Running a childcare business allows you to help children develop while also making money. As with any business endeavor, running a childcare business has its ups and downs, but it can be very rewarding.

Case Study How This Nanny Started Her Own $940K/Month Childcare Business Twinkle Toes Nanny Agency has grown from a side hustle to over 20 locations in 5 states, offering an impressive franchise model with almost no overhead and a strong ROI, due to their online scheduling system, which creates a network of nannies and families ultimately providing quality in-home childcare for families. 8 3.72K

49. Start a grocery store

A grocery store sells a wide variety of food products, fresh or packaged, and other household & personal care items. The grocery store industry is the largest retail channel that makes $682 billion in the United States.

To start a basic grocery store, you can expect to spend a minimum of $50,000. Ideally, the bigger expense would be the rent, equipment, labor cost, cash registers/POS systems, and software. Some of these are recurring monthly fees. However, the location, size of the store, competitors, and local customers will significantly impact the business. A new grocer should sell more items for a lower price to make a more significant profit.

A new grocer can also save costs by buying the items from local distributors. The distributor is the middleman between the manufacturer and the grocery store selling it. Once the store cost and location are decided, the next step is to obtain a seller license. In most states, a grocer's license is required to run a grocery store.

Thus an average grocery store has a profit margin of 3% to 5%. The profit rates depend on the store's location, size, and popularity. On average, a small to medium grocery store can make a profit of up to $300,000 annually if all the profit factors are considered.

Another way to make your business more profitable is to diversify your store and add amenities like a coffee shop or stocking up the front of the store with magazines, batteries, etc., as these items can cross a margin of up to 70%. As a rule of thumb, offering lower prices on higher purchases will ultimately win more customers and increase profitability.

50. Start a yoga tutoring business

Research has proven that yoga holds many health benefits. And with more and more people wanting to increase their quality of life, the demand for quality yoga trainers is rising daily. Take advantage of this growing industry and start a yoga business today. There is no doubt that being a yoga teacher is a gratifying job. Some benefits of starting a yoga business are:

• You can start it from your home
• You can explore more
• You have a low-stress way to test the waters
• No significant investment is needed

Here we have all that you need to start an online yoga tutoring business:

• Get your certification
• Pick your specialty
• Pick a name and a logo
• Decide on a marketing and execution plan

51. Start an online retail store

Starting an online retail store is straightforward. All you need is a computer, a domain, and a web hosting service. Then, determine a niche for your online store, and conduct product research before listing products.

You can start your online store based on a drop shipping business model or list your self-made products in your online store.

How much you can make: $5,000 — $62,500,000/month

How long does it take to build: 51 days (?)

Case Study How I Started An Online Store Selling Backcountry Skis Hagan is a ski mountaineering gear company that has 50% annual growth and focuses solely on backcountry ski touring, resulting in the world’s widest selection of mountaineering skis. $90K Monthly Revenue $10K Startup Costs 7 6.18K

52. Become a mobile makeup artist

A makeup artist is a beautician who offers general makeup services, including facial aesthetics, thorough makeup, and creating custom looks for celebrities and even actors on movie sets.

You can serve clients from their homes or offices as a makeup artist. Therefore, makeup artists avoid paying rent or paying expensive licenses. Besides, makeup artists get to meet different famous people.

To stand out as a professional makeup artist in Uganda, keep up with the developments in the cosmetology industry, and focus on providing personalized customer service.

53. Build an analytics tool

Analytics tools are software or apps that help people to make data-driven decisions. They do this by providing users with the ability to access, visualize, and analyze the data.

If you have strong technical skills, then this could be a profitable business idea for you.

QlikView is one of the best Self-Service Business Intelligence, Data Visualization, and Data Analytics tool. In 2022, QlikView generates $750M in revenue .

With the rise of big data, more companies are realizing the importance of data and are looking for ways to make use of it.

Building an analytics tool is a great business idea because it's a tool that can be used by businesses of all sizes. Small businesses can use it to make better decisions about their operations, while larger businesses can use it to track and improve their performance.

How much you can make: $20 — $4,308,333/month

Case Study How Our Privacy Friendly Web Analytics Tool Reached $4K/Month Without Paid Ads Plausible Analytics, a privacy-friendly web analytics tool, reached $4,557 MRR and 743 paying subscribers by focusing on content marketing and engaging relevant communities, rather than paid advertising, while positioning itself as a lightweight, cookie-free and affordable alternative to Google Analytics. $100K Monthly Revenue 9 9.66K

54. Start a tour company

Starting a tour company is a great way to bring your love of travel to life. You can share your passion with others and help make their dream vacations come true!

There are many types of tour businesses, so choosing something you are passionate about and knowledgeable about is best. Here are a few of the most popular tour companies to start in Uganda:

• Food & Drink Tours
• Adventure & Sporting Tours
• Sightseeing & Historical Tours
• Shopping Tours
• and many more!

It’s also essential to determine what mode of transportation you want for your tour company, as this will determine the initial startup costs needed for your company.

To get started, find out if you need a license to operate in your state. Some states require tour companies to be licensed, while others do not. If you are required to be licensed, talk with the licensing agency to find out what steps must be taken before you can apply for that license.

How much you can make: $3,750 — $43,300,000/month

Case Study How I Started A Wildly Successful Food Tour Business How Jessica Baumgart founded a successful food tour business in Denver, which broke even and started making a profit after just three months, generating $20,000/month in revenue from offering different food tour experiences. $75K Monthly Revenue $2K Startup Costs 21 19.2K

55. Start a cooking class

Online cooking classes can be a great side hustle for seasoned chefs or cooking enthusiasts looking for a way to earn some extra cash. You can create content and teach your audience how to prepare meals.

Consider creating members-only content to earn more from your cooking class side hustle. Alternatively, you can sell recipes for a small fee as well. To grow your reach, consider offering some free content on your social media pages as a way to build curiosity among potential audiences. You can charge your audiences a subscription fee so they can have exclusive access to your content.

To start cooking classes in Uganda, choose a niche and follow your passion. Create a website and maintain an active social media presence. Apart from online cooking classes or live sessions you can also offer exclusive offline weekend classes to give your audience a hands-on personal experience.

How much you can make: $7,500 — $100,000/month

Case Study How I Started A Cooking Classes Business With 7 Locations Hipcooks is a 7-location cooking school business that has grown organically to reach $100k/month in revenue, and attracts and retains customers through their communal approach, vibrant online presence, and updated Google and Yelp business pages. $100K Monthly Revenue 8 9.01K

56. Start a hotels business

If you are considering starting a hotel, then it is time to implement your plan. There are five key elements to understand if you want to succeed in this industry: location, size, budget, experience, and market demand.

Here are some tips to consider before forming a hotel:

• Name your business
• Decide on a marketing strategy
• Start by renting out a room in your home.
• Hire a business capital broker
• Make a marketing plan
• Offer complementary services

How much you can make: $15,000/month

How long does it take to build: 325 days (?)

Case Study I Created A $120K/Year Skincare Brand For Black Women Recommended By Beyoncé SKNMUSE, a premium beauty brand dedicated to elevating the beauty experience for Black Women, has a 40% customer retention rate, achieved a 169% increase in revenue, and made $30,000 in Q1 alone. $15K Monthly Revenue $1K Startup Costs 14 3.1K

57. Start a hotel booking platform

The explosively popular Airbnb and countless similar services have proven that the market for home and apartment rentals is growing rapidly. As an entrepreneur who loves travel, you see an opportunity to extend this model to hotels. That’s why you start a hotel booking platform where travelers can search for and book accommodations worldwide.

The market size of the online hotel booking platform industry worldwide amounted to nearly $518B in 2020 . Starting a hotel booking platform can be so interesting as an idea that can proliferate. It doesn’t require any license, no inventory — only mobile phones, an internet connection, and some motivation to succeed.

How much you can make: $114,200,000/month

58. Start a social media management business

Similar to virtual assistants, social media managers offer various services, including but not limited to:

• Developing a marketing strategy based on clients’ goals
• Setting up social media accounts
• Posting on behalf of their clients
• Coming up with strategies for increasing client’s social media following
• Marketing analysis.

To become a social media manager, know the various platforms and understand how they work so you can develop strategies that help clients reach their goals.

The beauty of working as a social media manager is that you can define your work schedule and choose what niches to work on.

How much you can make: $15,000 — $166,667/month

How much does it cost to start: $251 (?)

How long does it take to build: 3 days (?)

Case Study How I Started A $7.5K/Month Social Media Consulting And Training Business A social media manager turned entrepreneur created a program that has brought in almost $100,000 in one year, designed to teach women how to run successful social media businesses in less than 30 days.   $15K Monthly Revenue 6 6.97K

59. Start a business support services

How much you can make: $6,800 — $250,000/month

Case Study We Created An $80K/Year Incubation Program To Help Minorities And Women Entrepreneurs Hutch, founded by Fearless, is a 24-month program that helps minority and women entrepreneurs in government digital services; the program has had 9 graduates, 11 company founders in current two cohorts, and 20 companies within its portfolio. $6.8K Monthly Revenue 6 3.04K

60. Start an online t-shirt business

Running a t-shirt business is an opportunity many entrepreneurs are looking into as a side hustle or even a full-time business opportunity. While having your own physical store is possible, online businesses are becoming extremely popular in this field.

Launching your own successful online t-shirt business may feel daunting, but with the guidance & insights from people who are already pioneering this industry, it’s simpler than you may think. You can start with selling customized quotes t-shirts, tie-dye prints/screen printing t-shirts, or solid color t-shirts. The opportunities for this industry are endless.

How much you can make: $1,000 — $83,300,000/month

How much does it cost to start: $425 (?)

How long does it take to build: 7 days (?)

Case Study How Two Teachers Started A T-Shirt Business Doing $1.2M/Year Texas-born apparel brand Tumbleweed TexStyles has grown to serve over 150 retailers throughout the southern United States, selling an estimated 90,000+ products yearly and making an annual $1.2m in sales, thanks to the founders' unique designs, focus on giving back to the education community and successful “guerilla marketing” tactics. $93K Monthly Revenue 17 19.2K

61. Start a web development business

Web development is creating websites that can be used for various purposes, including e-commerce, social networking, and information sharing.

To start a web development business, you need strong technical skills like Hypertext Markup Language (HTML) coding, cascading style sheets (CSS), and JavaScript. It would help if you also had a good understanding of how the World Wide Web works.

Web developers are in high demand, with experienced ones making up an average salary of $67,828 and a $3,000 cash bonus per year.

Recent web development trends are moving towards responsive design and mobile-friendly websites. This type of business is growing in popularity as more businesses seek ways to reach their customers through the internet.

How much you can make: $6,600 — $350,000/month

Case Study I Built A $300K/Year Vue.js Component Library Vuetify is a popular open-source user interface library, built with the Vue.js framework, that generates revenue through digital content and services such as paid digital content in the Vuetify store, direct support through consulting, ad revenue from Carbon ads on the documentation pages, and donations/sponsorships via GitHub and Patreon, generating an average income of $6,500 per month. $25K Monthly Revenue 15 43.7K

62. Write an ebook

An ebook is a digital book that can be read on a computer, tablet, or other electronic devices. Writing an ebook is a great way to communicate your message to the world. You can share your expertise and help people learn while doing something that you love.

Ebooks are a great way to build your personal brand, establish yourself as an expert in your field, and gain a following. It's also a great way to make money! This form of publishing allows you to publish your work for the world to see without having to go through a publisher.

You can make money by selling ebooks on platforms like Amazon and Apple Books.

How much you can make: $4,500 — $600,000/month

Case Study How I Started A $17K/Month Business Selling Project Management Ebooks And Courses Praveen Malik shares how he started a $17k per month project management blog business in 2016 with negligible revenue, and grew his gross profit margin to about 80% by selling his own eBooks and marketing third-party training programs through his blog. $17K Monthly Revenue 8 10.1K

63. Start a freelance writing business

Freelance writing can be a good career choice for professional writers for offering writing services to different clients via online platforms. Working as a freelancer gives you the flexibility to define your work schedule. You can work from home at any time. Freelance writers work across various niches, writing about various topics assigned by the client,

To earn good money as a freelance writer, you need the following personal qualities:

• Strong writing skills
• Ability to meet deadlines
• Stay on the cutting edge
• Be a self-starter
• Be up-to-date with the current writing tools & writing trends
• Proper communication skills

How much you can make: $700 — $320,000/month

How much does it cost to start: $400 (?)

How long does it take to build: 53 days (?)

Case Study How I Started A $80K/Month Content Writing Business How David Tile turned a freelance writing gig into an $80k/month business, discussing lessons learned through managing growing demands and maintaining a remote team operation. $125K Monthly Revenue 23 22.5K

64. Start an email marketing business

Email marketing is a popular and effective way for businesses to reach their target audience and promote their products or services.

With the rise of the internet and the increasing use of email as a communication tool, starting an email marketing business can be a lucrative and rewarding venture.

An email marketing business involves creating and sending marketing emails to a list of subscribers. The emails can be newsletters, promotional messages, or other types of content designed to engage and convert the recipient into a customer. The business owner is responsible for building and maintaining the email list, creating the content, and sending the emails using specialized software.

To start an email marketing business, you must have a strong understanding of marketing principles and a good grasp of best practices. This includes creating compelling subject lines, segmenting your email list, and analyzing your campaigns’ results. You will also need to be proficient in email marketing software like Mailchimp or Constant Contact.

To run a successful email marketing business, you must clearly understand your target audience and what they are interested in. This will help you create relevant and engaging content that resonates with your subscribers and encourages them to take action. A solid call to action in your emails is crucial, whether it’s visiting your website, making a purchase, or signing up for a newsletter. Starting an email marketing business requires marketing skills, expertise, and a willingness to learn and improve continuously. The right strategies and tools can be a rewarding and successful way to reach your target audience and grow your business.

How much you can make: $1,500 — $8,333,333/month

Case Study How I Started A $55K/Month Email Marketing Agency Specialized in Ecommerce Boundless Labs is an email marketing agency for eCommerce brands that has generated over $25 million in email attributable revenue for their clients since launching 18 months ago and currently makes around $90K per month, with plans to reach $100K per month by the end of January 2020 through client referrals, strong relationships, and hard work. $8.3M Monthly Revenue 22 11.7K

65. Start a youtube channel

For anyone looking to start a successful YouTube channel, there are plenty of YouTube channel success stories that can be used as inspiration and encouragement. In addition, YouTube has an established monetization system and boasts incredible popularity, making it a potential platform for revenue generation.

In this article, we'll look at different approaches you can use to help promote your channel and grow your viewers. While there's no quick and easy way to success, you can take these tips to build your own YouTube Channel Success story. If you love content creation, you can capitalize on YouTube's popularity to earn extra income.

If you want to join the Youtube partner program to monetize your channel, you will need to reach a minimum of 1,000 subscribers and 4,000 watch hours in the previous 12 months.

How much you can make: $800 — $4,500,000/month

How long does it take to build: 48 days (?)

Case Study How This Couple Makes $5K/Month Generating Content About Ways To Make Money Online Learn how this entrepreneurial couple made $5-7k a month by helping others find legitimate work from home jobs and creative ways to make money online through their blog and YouTube channel, as well as offering two flagship products designed to help beginner freelancers and new bloggers accelerate growth. $5K Monthly Revenue $500 Startup Costs 7 13.5K

66. Start a stock video business

Stock video is pre-filmed footage that can be purchased and used in various projects and films. Like stock photos, copyrighted stock videos cannot be used without permission and licensing from the rightful owner.

Businesses and filmmakers use licensed stock footage as they save money and hours, they would need to create original footage. Starting a stock video suitable for use in commercials and entertainment can be a great venture.

How much you can make: $10,000/month

How long does it take to build: 197 days (?)

Case Study I Built A $120K/Year Stock Animation And GIF Images Side Hustle VideoPlasty, an affordable and easy-to-use platform for buying pre-made stock animation elements and GIF images, has attracted over 600,000 visitors since its launch, with over $100k in revenue in 2020 alone, thanks to free organic traffic from YouTube tutorials and optimized SEO. $10K Monthly Revenue $50K Startup Costs 12 3.99K

67. Start a home staging service

A home staging service can quickly turn into a full-time business if you have a knack for making homes look beautiful and inviting. Home staging is all about using furniture, art, and other decor to enhance the appeal of a property.

If you're interested in starting a home staging business, you'll need to be creative, organized, and have a good eye for design. You'll also need to be comfortable working with clients and be able to manage your time effectively.

A home stager visits clients' homes, assesses the space, and then makes recommendations on how to improve the look of the property. Once they made their recommendations, it's up to the client to decide whether or not to follow through with them.

Lead staging assistants and home stagers alike work hard to make sure the property looks its best. While the average salary for a lead stager is $49,616 per year with some earning as much at 80k or more annually.

The current trend of selling houses online is making the home staging business more popular than ever. In order to make a property stand out online, it needs to look its best. This is where home stagers come in! By preparing properties for sale and making them look their best, home stagers are able to help sellers get the most money for their property.

Starting a home staging service is a great idea because it's a low-cost business to get into and has the potential to be very profitable. Additionally, it's a business that you can easily scale according to your own time and resources.

How much you can make: $1,700,000/month

68. Become a tech rentals provider

Tech rentals are a type of business that provides people with access to technology. It offers short-term rentals of the latest devices and gadgets to consumers and businesses.

To get started, you'll need a wide selection of the latest devices, as well as a strong marketing strategy to reach your target market. You'll also need to be able to provide excellent customer service and support.

Tech rentals's estimated annual revenue is currently $10.7M per year. Tech rentals's estimated revenue per employee is $260,000.

The recent trends such as the rise of the sharing economy and the popularity of short-term leases make this an ideal time to start a tech rental business. This type of business is growing in popularity as people are looking for ways to use technology without having to purchase it.

How much you can make: $200,000/month

Case Study We Started A $2.4M/Year Coliving Business In Singapore Casa Mia Coliving, a sustainable and modern co-living and property management company in Singapore offering affordable accommodation, has an annualized revenue of $2.5M with 150 bedrooms across popular neighborhoods, attracting young professionals and boasting a 10x LTV/CAC ratio, all while focusing on unit economics and profitable growth. $200K Monthly Revenue 4 3.85K

69. Start a restaurant

70. create a meal planner app.

Meal planners are used by millions of people around the world to stay organized, create meals, and even lose weight.

The weight loss services industry is currently valued at $22B and growing.

Case Study On Launching A Meal Planner App And Pivoting From B2B To B2C Arise Performance Labs' cofounder Dianne L Chen talks about the creation of Ari Coach, a meal planner app that simplifies healthy eating while offering dietary customized meal plans for every individual looking to stay healthy and energized. 3 6.4K

71. Start a gardening business

A gardening business makes money by planting trees, growing specific produce, maintaining landscapes, and more.

Gardening companies work with homeowners to install, maintain and repair their landscaping areas. For instance, a typical gardening business provides all-inclusive services to create and maintain a lawn, such as mowing, fertilizing, and edging.

Owning a gardening business can be a very flexible and profitable business venture.

How much you can make: $27,000 — $150,000/month

How long does it take to build: 560 days (?)

Case Study How I Designed A $150K/Month Portable Pressurized Shower And Went On Shark Tank Founder of RinseKit shares how he designed a portable pressurized shower that generates over $1.5M in sales per year and achieved great success with Kickstarter and appearing on Shark Tank, while providing advice on designing, prototyping, and manufacturing your first product. $150K Monthly Revenue 8 11.7K

72. Start a crafts business

The crafts business idea involves creating handmade items and selling them to customers. The handmade items could be anything from jewelry, home decor, clothing, or accessories- endless possibilities!

To start a crafts business, you’ll need essential supplies like crafting materials, tools, and a workspace. You’ll also need basic business skills like marketing, pricing, and customer service.

To operate the business, you’ll need to devise a plan for creating your crafts, finding customers, and fulfilling orders. You may want to start selling your items at local craft fairs or online through platforms like Etsy or your website. You’ll also want to keep track of your expenses and profits to make sure you’re making a profit.

The crafts business idea is a great way to use your creativity and passion for making things to create a successful business. Just be sure to research, create a solid business plan, and be consistent in your work. Good luck!

How much you can make: $600/month

How much does it cost to start: $5,500 (?)

Case Study How I Validated My Business On Etsy And Launched My Own Handcrafted Artistry Shop DownHomeModern's Marc Staples turned his creativity into a successful business through handcrafting windbells and chimes with a rustic style that pays homage to American Southwest decor. $600 Monthly Revenue $5.5K Startup Costs 3 2.25K

73. Start a toiletries making business

How much you can make: $500,000/month

How long does it take to build: 100 days (?)

Case Study How I Started A $6M/Year Paper Roll Company [Based in China] Learn how Frank Ouyang founded Panda Paper Roll Company, a China-based paper roll manufacturing company that exports products worldwide, bringing in an annual sales revenue of $10M. $500K Monthly Revenue $400K Startup Costs 2 3.26K

74. Start a referral service business

How much you can make: $100 — $100,000/month

Case Study How We Developed A $25K/Month Referral Software For Tech Startups Co-founders of B2B SaaS startup GrowSurf, Derek and Kevin, developed a referral software for tech startups that has brought in around $25k MRR with a 6% monthly growth rate, overcoming generic messaging and a compromised product that wasn't a good fit for anyone. $100K Monthly Revenue $0 Startup Costs 4 7.27K

75. Start a painting business

If you are looking for a self-employment opportunity that gives you a chance to define your working schedule, consider starting a painting business. Painting is one of the low startup costs craft businesses with a high-profit margin. However, only some have the patience or the skill to do painting tasks.

To start a painting business, craft a business plan and register your business. Then, get insurance cover for your business and apply for licenses. Finally, get the right painting equipment and focus on marketing your business.

How much you can make: $4,000 — $105,000/month

How long does it take to build: 74 days (?)

Case Study How I Started A $20K/Month Blog About Flooring And Painting A home décor blogger turned her website into a $20,000/month business thanks to SEO, which drives 400k pageviews/month, as well as Pinterest, with over 300k pageviews/month, and through diversifying her income streams and traffic sources. $20K Monthly Revenue 14 8.13K

76. Start a bakery

Everyone loves baked goods, be it sweet items like cakes, muffins, and cookies or savory baked food like pizzas, buns, bread, and puff pastry. Baking takes a lot of effort and patience, which is why many people buy baked items from stores or restaurants instead of baking them at home.

Starting a bakery can be a rewarding business opportunity if you have a passion for baking. If you plan to start a bakery, consider that happy customers often become repeat customers. Therefore, always focus on quality and work on customer satisfaction.

To start a bakery in Uganda, pick an ideal format. Some options include:

• Counter-style bakery
• A hybrid bakery with a cafe,
• Food truck with a bakery
• Home bakery.

Write a suitable business plan and choose the correct location.

How much you can make: $2,500 — $25,000/month

Case Study How This Couple Left France To Build Their "American Dream:" A Six-Figure Online French Bakery French chef and founder of online bakery Pastreez, Anthony Rosemond, shares keys to success including validating ideas with the market, focusing on SEO and organic growth, building customer relationships through email and SMS, never offering discounts but offering freebies, and diversifying the business with new products and content on social media. $25K Monthly Revenue $7K Startup Costs 4 6.13K

77. Start a daycare

Daycares provide educational, medical, and social services for the children of working parents either during school hours or when the parents are out of the home for an extended period of time. This can be a lucrative enterprise if you start a daycare in an area where it is needed.

As the growth of families has become dependent on two incomes, the need for quality daycare has skyrocketed. Starting a daycare business in Uganda is challenging but rewarding. You will face many challenges but can overcome them as long as you are ready to make the sacrifices required.

78. Become a personal chef

If you’re looking for a career that allows you to work within your own schedule, look no further. Becoming a personal chef means setting your own hours, planning your own schedule, and taking on as much or as little work as you want.

Not everyone has the time to prepare meals for themselves. If you love cooking, you can start a personal chef business in your area and earn a good income from the side gig. The side hustle can fit into your schedule easily, and you can offer delivery and pick-up or curbside options to ensure more people are buying your services.

Personal chefs can work at various locations, including their client’s homes or restaurant kitchens. They may have regular clients who call on them to prepare meals for them weekly, or they may get called in to prepare meals for special occasions such as birthdays, anniversaries, and holidays.

How much you can make: $5,000/month

How much does it cost to start: $50 (?)

How long does it take to build: 360 days (?)

Time commitment per week: Min. 15 hours/week

Case Study I Built A Resource Site For Chefs Like Me That Generates $60K Of Extra Income Chef David Buchanan generates over $6,000 per month through his website Chefs-Resources.com, which provides professional chefs with free and paid access to detailed culinary information and kitchen management resources such as Excel sheets, resulting in gross revenue of $46,000 to date and a subscriber growth rate of over 1300% from 2015 to September 2021. $5K Monthly Revenue $50 Startup Costs 14 4.59K

79. Start a plumbing business

With hands-on knowledge in plumbing, you can start a business that focuses on diagnosing and repairing plumbing issues, installing fixtures, and maintaining plumbing systems.

As a plumber, your day-to-day activities will involve responding to service calls, troubleshooting plumbing problems, conducting installations or repairs, and providing guidance to clients on plumbing-related matters.

How much you can make: $40,000/month

How much does it cost to start: $7,000 (?)

Case Study I Run A Family Plumbing Business That Makes $40K/Month A second-generation family-owned plumbing and leak detection business shares their success in obtaining repeat business through word of mouth referrals, staying true to their core principles, and using cutting-edge technology to provide top-notch service to clients. $40K Monthly Revenue $7K Startup Costs 5 2.96K

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15 profitable businesses you can start in Uganda

Mobile Money stalls

By Erias Twalib

There are over 1000 business ideas in Uganda that you can start and benefit from.

Any business regardless of how much you use as capital has the potential to grow into something big.

I mean, we all start somewhere and if your dream is to start a business, it doesn’t matter how much you have as seed capital.

Here are top businesses that you can start in Uganda:

1. Selling second hand clothes

This is among the business ideas in UGANDA that most Ugandans fear venturing into.

However, second hand clothes business is booming and if you are looking for a business to start, this would be the best place to.

The good news is that you don’t require a lot of capital to go into the business. With as little as 300,000 you can start selling 2nd hand clothes.

All you need is to get a good location and know where you will be buying clothes. Most people buy at Owino market in Kampala.

You can be assured that on an average day, you can make a profit of around 15,000 shillings.

2. Salon or barber shop While some people may underrate this business and assume that it is for the uneducated, it is in fact a lucrative business that has the potential of making you good money.

You can start by visiting clients in their home; make enough money to finally rent out a place.

A standard salon or barber stall goes for Ugsh.180,000 to 450,000. From there you can work on getting cash to buy the equipment you need.

3. Boda boda business

This is one of the lucrative business ideas in Uganda that young people especially are venturing into in large numbers.

If you are still looking for a job and have some money saved up, this is a good business start.

A motorcycle in Uganda costs from Ugsh 2,500,000 to 4,000,000. It means that with less the 3,000,000, you can go into boda boda business.

The good thing about this business is that you can be sure that at the end of the day, you can make a comfortable Ugsh 30,000.

4. Mobile money-business

M-money has grown tremendously and it is one of the lucrative business ideas in Uganda today.

Even if this business seems crowded, no matter where you are operating at, you can be assured that at the end of the day you will still make a profit.

Opening a Mobile money business requires you to have at least 3,000,000 but if someone gives you their line to operate with you only require around 1,500,000.

5. Poultry Farming

This is another one of the lucrative business ideas in Uganda that you can start with little capital. And I talk out of experience, being a poultry farmer myself.

Instead of keeping on sending numerous job applications without getting any response, why not better yourself by starting this business?

Starting a chicken rearing business requires a seed capital of as low as 600,000.

Profit increases as you increase the number of chicken.

6. Printing and photocopy business

If you are in college or university, this is one of the most profitable businesses you can start. You could also venture into the business if you are living near a college or university.

Starting such business will require a starting capital of less than Ugsh. 2,000,000.

7. Boiled eggs and smokies

If you have little capital and looking for small business ideas in Uganda, selling smokies and eggs is a business you can think about.

To start this business, sausage, samosa and egg business you need a capital of around 30,000 to start.

One egg goes for around 250 shs and then sell at 500shs. That’s 250 shs in profit. On a good day, you can make a profit of about Ugsh.15,000. in a month you are assured of an income of over Ugsh. 450,000.

All you need is to find a good location and you are on your ways to your first successful small business.

8. Manicure/Pedicure business

The truth is that every woman in Uganda wants to look beautiful and you can tap into this potential by starting a manicure and pedicure business.

I have a friend who is doing well in this business and only needed Ugsh.150,000 to start. Like him, you can start by doing house calls before you rent a place.

9. Car wash business

This is one of the best business ideas in Uganda right now. You don’t require much to start a cash wash, just an area with water supply.

The Ugandan culture is that people would rather pay someone to wash their cars than do it themselves.

If you charge 6000 shillings per car, you can manage to clean 100 cars per day again depending on where you are located. That is 600,000 per day.

Get a dedicated staff and you could be making around 12,000,000 in a month. Get over the mentality that car washing is for the lowly and uneducated people in the society, people are buying plots just from that business alone.

10. Movie shop

This is one of the top businesses you can start with 600,000 in Uganda. It is also one of the easiest and the returns are really good.

If you have a computer or a laptop already, you can just rent out a room and start selling your movies. Most movie shops make a profit of about 120,000 per day; make that 3,600,000per month. Before long you will be having your own chain of movie shops in various major towns.

11. Cleaning service business

One of the most profitable business, there is. It took Alex Nyaga the CEO of Parapet, one the biggest cleaning service provider only 300,000 to start.

He started by hiring women who would clean houses in estates at a charge of 30,000 shillings and would pay these women 15,000 shillings.

Before long, the business had grown and he was able to register a company and now makes over 150 million in a month.

As you can see, you don’t need much to start a home cleaning business.

12. Selling Ice Cream

This is another one of the top business ideas in Uganda you can start.

You need to find a good location like near a school, university or a street with a lot of traffic.

The starting capital for this business in Kampala is 600,000 which means it could be less in another town.

13. Juice blending/fruit business

With so many terminal illnesses like cancer, most people opt to stay away from processed foods.

You can help people adopt healthier lifestyles by starting a juice blending and fruit stand.

With a seed capital of 300,000 to buy a blender and other containers and you are off to go.

14. Selling women handbags

Women love fashion and looking good. You can start selling handbags which I hear fetches a very good profit. People who are in this business get their supplies from places like Eastleigh in Kenya.

And with the advent of social media, online business is booming. You can caret a Facebook page for your business, boost a few posts to reach as many people as you want.

The good news is that, you don’t have to stress about getting the city council permits or a stall when you are conducting this business online.

15. Cereals Business I have seen this work for a lot of people and it is one of the most profitable business ideas in Uganda. Choose a good location and you are on your way to a booming business. You can get your supplies from Eastleigh in Kenya and places like Nyamakima. You can buy them in wholesale and distribute to other sellers within your locality.

To conclude, it doesn’t matter how much capital you put into a business. Any business with the right determination has the ability to succeed. If you are still stuck on what business to start, why not choose from these profitable business ideas in Uganda.

Elias Twalib is a digital entrepreneur. Got any business related queries? Inbox them to me or WhatsApp (+256782177549).

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Business Planning Guide for Microfinance Institutions in Uganda

This guide presents a step-by-step procedure to assist MFIs in preparing a business plan.

MFIs need a good business plan to move in the right direction, raise money, prepare for the future and measure progress. The guide was developed by the Center for Microenterprise Finance (CMF), a component of the USAID funded PRESTO Project in Uganda. CMF aims to strengthen institutions that provide savings and credit services to microenterprises in Uganda.

The guide aims to help MFI managers in planning for their organization's development and creating a business plan. It builds on the foundation of microfinance best practices, including extensive outreach to the poorest, achievement of financial self-sufficiency through use of cost-covering interest rates and sound delinquency management. Through this guide, CMF seeks to assist MFI managers to:

• Understand the business planning process;
• Develop a mission statement for their organization;
• Assess their current situation;
• Determine their potential for development;
• Develop strategies for development;
• Produce portfolio projections;
• Project and analyze financial status;
• Produce a comprehensive business plan;
• Use a business plan as a management tool.

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Business Planning Services in Uganda – Develop a Business Plan

A business plan is a written document that describes the organization, sets out its aims and objectives, and makes a statement of intent for its future development.

A business plan is exactly what the phrase suggests: a plan for the business. It sets the strategy and direction, set targets for the owners and managers.  It promotes the confidence and support of employees, shareholders, and customers.

Business planning is not just for large organizations. Small ones can benefit from producing a more specific business plan to assist them operationally.

A business plan is not just for the people inside the business who will implement it; it is for people outside the business, including shareholders and potential investors, and this is particularly important for a new, start-up venture.

There is no single format for producing a business plan. The following checklist, aimed primarily at a start-up or a smaller business looking for funding, outlines the key areas that should be covered in the plan and the steps taken to produce it.

Preparation requires:

• assessing the present internal and external position, and future prospects
• analyzing the market
• producing projections for 3–5 years (depending on the sector)
• setting short-term and long-term objectives
• establishing a framework and processes for achieving objectives
• detailed research, careful thought, and application
• being clear, to avoid misunderstandings or confusion
• an honest and realistic appraisal that includes organizational shortcomings, problems, and obstacles, as well as positive factors.

It needs to cover the following elements:

Operations – including the supply of raw materials, technological requirements, key processes, resourcing needs, production and delivery targets, business processes, intellectual property, location, and risk management issues.

Marketing – how market intelligence will be gathered to ensure that the organization’s strategies will meet market needs and marketing objectives.

Finance – an assessment of fixed and variable costs and minimum financial requirements. This should also include a detailed cash flow and profit forecast.

Human Resources – including recruitment, retention, skills development, compensation, the leadership of the business, and stakeholder relationship management.

BUSINESS PLAN ACTION CHECKLIST

Before we start.

Gather the relevant information

Carry out a SWOT analysis (Strengths, Weaknesses, Opportunities, Threats)

Carry out a market analysis, covering:

• the overall market and the specific market segment(s) targeted
• detailed information on current and potential customers
• names of leading competitors, market share, alternative products or services
• routes to market
• market influences – economic and cultural trends, seasonal fluctuations, legislation, social factors, pricing movements, and history
• information about suppliers of goods you wish to market – quality, resources, availability, and competitive advantage.

Background Information

We Have to Describe :

the vision/mission/purpose of the organization and its core values

the ownership of the organization, its legal structure, how much investment has already been made, and by whom

what differentiates the organization from its competitors?

the history of the organization and its products or services

who the customers are, and the market served

past and current performance

key factors that might affect the success or failure of the products or service

the skills and experience of key individuals or the management team.

We Define the Objectives

We make a list of specific targets and identify objectives that can be measured. We also consider a contingency plan which would describe what to do if the objectives are not achieved.

Describe Market Opportunities

This section demonstrates awareness of what the target market is and any changes affecting it. Outline the results of your market analysis and explain the opportunities and routes to market which have been identified.

We Describe Your Plans for Development and Production (The Operations Plan)

This covers the research, development, and production processes, and the expected costs of raw materials, labour, premises, and equipment, if relevant. Be clear about the steps to take to maintain quality.

Propose your marketing approach (the marketing plan)

This describes the marketing strategy which will be used to take your services or products to market.

Clarify the current financial situation (the financial plan)

Clarify the figures for past, present, and projected performance, including any start-up costs, profit-loss statements, cash flow analyses, and balance sheet data.

Repayment, or return-on-investment (ROI), will be of key interest to investors, so include accurate break-even projections. Analyze profitability, solvency, and debt status. Demonstrate how sound financial control will be exercised.

Explain human resources issues (the HR plan)

We work together to describe the strengths, skills, and experience of all those involved, including the leadership team.

If there are weaknesses, we devise means on how these will be managed. Outline the compensation structure, along with recruitment and retention, and possibly the training and development strategies. Include details of how individual and group performance measurement is linked to strategy.

Cover risks, problems, and critical success factors

Do not omit negative factors, either actual or potential. We have to demonstrate awareness of changes that are likely to affect the organization. Provide a brief account of critical success factors.

Conclude with the key message

Consider the final impression you want to leave with the reader and ensure that this comes across in the conclusion and key points’ summary. We include a proposed timetable of events to demonstrate sound planning. Finally, we check through for correct grammar and spelling, and clarity of language.

Consider what you should include in appendices

We design a plan to be as concise as possible, usually not more than 25–30 pages. Additional details can be added in the appendices at the end of the plan.

Providing an Executive Summary

The executive summary appears at the front of the document and will be read before anything else. It may be the only part that is read. For this reason, the summary is written last.

For a Professional Professional plan, we generally charge between $5,000 and $20,000 for a complete business plan. There are a few cases where $50,000 is justified because of the “simple” businesses such as a coffee shop, a small retail business, a hairdressing salon, etc.

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14 Businesses to Start in Uganda With Ugx: 200,000; 300,000; 400,000; and 500,000

Mr Deziderio Byansi, a resident of Kasokoso-Kiganda Zone - Kireka in Wakiso District displays some of the colouful candles he makes. PHOTO BY RACHEL MABALA (N.V)

These are real concerns. Nobody wants to fail and even worse, getting into debt if things don’t work out. I hear you; the good news is that we live in a day and age where starting a business doesn’t have to be this scary or strap you financially.

Have you ever dreamed of starting a business? No more having to answer to anybody but yourself. No more working your butt off at a dead-end job that doesn’t get you anywhere. Having the flexibility to set your own hours around your family’s needs and schedule.

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Sounds awesome right? Who wouldn’t want to work for themselves? A Lot of people dream about starting a business but are too scared to take the leap. It can be scary. When you think of starting a business, the first thing that comes to mind is your financial stability. What will happen if it doesn’t work out? How am I going to finance my business? I can’t afford to go without my steady income while building a business.

We know that getting your money situation under control can seem like a long road. The good news is that ever every little step you take does add up so we are sharing the things that we believe will help you because they have helped others too!!

Most of the millionaires in Uganda all started with small amount of money and today they are the big names all over. You too can start something now; remember a journey of a thousand miles began from a step.

Some Ugandans are still scared of owning businesses but the fact remain that our set of people who want to set up something for their selves are more than those who want to work with someone till their old age.

So, if you are someone like us who love having our own business then this article is for you.

Here is list of lucrative profitable businesses to start in Uganda with: 200,000.  300,000.  400,000 and 500,000 Uganda Shillings and make good amount of money from, if done properly. According to The Uganda Times research, these businesses are the profitable business one can venture into with the above-mentioned amount and expect good income from.

We have put together a list of fourteen businesses that you can start today with very little investment.  The best part about some of these businesses is that you can start them in your spare time and build them up until you are confident enough with them and your income potential to take the leap and quit your life draining job once and for all.

Just read on carefully as we show you some businesses you can start in Uganda with 200K, 300K, 400K, and 500K Uganda Shillings.

The current situation of the country has prompted many Ugandans to start their own business. Many people’s question is that what business can one start with this range amount? But our question is what can you do?

Yes, it is all about what you can do, some people will finish reading this post and still can’t find any business they can start, so it all depend on what one can do to earn a living.

1. SALE OF BOTTLED DRINK OR BOTTLED WATER

Selling of bottled drinks and water is a lucrative business, because it is every day consumption product, if you are in a very populated town or city like Kampala then you can consider this business. You can start this business with 200,000 and less, all you need is get a space in a busy environment, buy big cooler, ice block, a small signboard to write buy cold mineral water here, the 200K is sure of covering all that. You can even include Airtime recharge services(Mobile Money), Pay Way or Point of sale (POS) machine from any bank to it

2. POPCORN PRODUCTION BUSINESS

People buy snacks ever now and then, and popcorn is one of the most selling snacks, because people eat it in their home, along the road, in their shops, vehicle and even in the cinema’s. Stating popcorn business doesn’t required a shop to get started, in most cases it only requires an exposed environment. Popcorn business has no gender discrimination and if you get the right tools for popcorn, the business is totally stress free and you can also be making good amount of money daily if you are in a busy location.

The requirements to start popcorn business are popcorn machine, kernel (corn), cooking oil, salt, and any other, a busy road or market. You don’t need to rent a shop, you can partner with someone in his/her shop since you won’t be disturbing them or you can get an umbrella, clean up any free space in a busy area and start your business. In some cases, you may be required to pay some token amount to the local government council to start your business there. It is not more than 200K.

To prepare popcorn, take 3 tablespoons oil, ½ teaspoon salt, ½ cup popping corn, 3 tablespoons, heavy-bottomed saucepan, add the oil, salt and popping corn. Turn the heat to medium, cover the pot with a lid left slightly ajar, and shake once or twice. The corn kernels will begin to pop within a minute or two. Once the popping slows to an almost stop, remove the pot from the heat. Transfer the popcorn to a large serving and add salt.

You can carry out this as a practical at home before moving in to business, so you can get mastered to it very well.

3. SALES OF CD/DVD’S BUSINESS

If you don’t like Ugandan movies, we are sure you like American movies, how about Indian, Chinese and Philippines movies? etc. This is a money splitting business but some people thought there is nothing there. Do you know how much those movies you buy for 1,500 or 2,000 Uganda Shillings are been sold to the retailers? in case you don’t know, their counting price is 1,000 or less Uganda Shillings each at Energy Centre and Yamaha Centre among other places.

Now those guys sell these movies for 2,000 to us, definitely making 1,000 Uganda Shillings from every sale. Let’s assume he where able to sell to 35 people daily, that is 1000×35 = 35,000 Uganda Shillings. This is to say that guy you used to buy CD/DVD from is making Ugx35,000 Daily and 1,050,000 Uganda Shillings monthly. Someone could wonder how is it possible for him to sell 35 movies daily? Now let me explain to you how.

Do you know that some of those movies have season 1 season 2 season 3 even season 4? one particular person may buy from 1 to 6 if available because no one wants to watch half movie, this means one person can spend up to 10,000 buying from season 1 to season 4. That the same person might see another interesting movie and decide to include it.

Now if the seller is in a very busy place, he/she will have more than 20 customers daily and sell more than 50 cd’s daily.

Having a shop or just an open permanent space along a very busy road this business is good to go, your customers will always come to you for new interesting movies especially if you are kind to them. This is a very lucrative business and it doesn’t require a huge startup capital, with even 100,000 you can start this business.

4. PHONES SALES BUSINESS

People buy phone every day and will still buy tomorrow and will still continue to buy, with Ugx.500,000 you can start phone business in Kampala. There are UK used untested android and blackberry phones they are selling in Mutasa Kafeero plaza and neighboring buildings starting from 50,000 Uganda Shillings each.

You can start this business right from the front of you home or at any busy road or even busy railway if you are in Kampala. Just get a table and a carton to arrange them on just as those guy in Cooper Complex do, and you can start your business, sell them for any amount you wish, but we advise you sell them at a cheap price also, so you can sell them quickly.

There are also brand-new Chinese “Katochi”, (button/analog) phones sold on wholesale at Galilaaya, Gazaland and Grand Corner House starting from Ugx.25,000, 30,000 > each and retail price always start from Ugx.50,000 or slightly lower, onwards basing on the whole sale price. Many people are now in need of them since they have long lasting batteries, contrary to the smart phones, besides we also have very many thugs who snatch smart phones on some streets, boda-bodas, taxis and crowded places hence button phones are highly used in such risky times.

5. PHONE ACCESSORIES BUSINESS

Phone accessories are phone stuffs like phone chargers, air pies, USB memory card etc. people have issues with their phone accessories every day mostly chargers. This business is very lucrative if you are in a busy location. Starting this business is not costly, you can start this business with 200,000 Uganda Shillings. You must have bought charger or ear phones among other accessories before, this is to say people are buying them always due to the poor-quality Chinese accessories in market today. People always get issues with their chargers among other accessories, hence required to get new ones because they can’t dump their phones.

6. FAST FOOD BUSINESS

We know you eat, and you know we also eat. But do you know that not all the time we feel like cooking or even have the time to?

 Even if you prepare your breakfast by yourself, how about launch? will you go with your cooking stuffs to the office? This is why restaurants and fast food joints will never run down.

You can set up a mini restaurant with 200K to 500K and start making money from it. You can even deliver to companies/Offices during breaktime saving them the stress and time going out to look for food. By so doing; they will appreciate you much as you make your money.

7. DRY CLEANING BUSINESS

Our friend, never liked giving dry cleaners his cloths till the day he bought pairs of Nigerian traditional outfits. When he put them inside the water, he didn’t know where to start washing them from, he was confused about it and just went to dry them, He thought he had escaped the problem till he wanted to iron.

It was not a good experience at all for him because ended up running to the nearest dry cleaner. He went thinking the dry cleaner would iron and leave with them instantly, only to be advised picking them the following week as a result of heavy workload at hand, and he did not have any other choice?

Just in January they bought two used Vans from Nakawa, and now use them to deliver cloths to their clients, how amazing.

You can start this business right from your home with no capital to 500K. If you don’t have money you can either do mobile laundry at people’s home or wash at your home with your hands then iron, we are sure you have a flat iron already. You can also hire cheap helpers from your locality.  If you have money to invest, then you can get a washing machine and start doing it right in your home till you are able to raise cash for store rent. Brand new washing machines of ADH are sold starting from Ugx.500,000. You can check out jiji.ug or use the jiji app on your smart phone to get the machines.

8. FISH FINGERLINGS PRODUCTION BUSINESS

Have you seen catfish before? the baby of catfish is called fingerlings. If you are a person that like agriculture such as farming, then you can venture into this business as it very lucrative and it requires some skills. There are places to acquire the skills and, in most cases, it cost you nothing.

The process of producing fingerlings is easy, the only important thing is getting buyers ready before production.

This business is lucrative, you can make up to 500,000 Uganda Shillings in your first production that cost just 40,000 Uganda Shillings initially. Fingerlings farming is very lucrative.

09. NYAMA CHOMA/BARBECUE BUSINESS

This is another business you can start with small amount and be making some cool cash from daily; BBQ is consumable daily. Some people like eating barbecue while drinking in bear parlor and also like buying for their family. The right place for this business is a front of bear parlor, or club.

You can start barbecue business with as low as 200K or less.

10. LIVE STOCK POULTRY BUSINESS

Agriculture product are expensive in Uganda because business men don’t face it. You can do poultry farming right in your backyard. You can buy a big cage that can contain up to 2 chickens, and in just 4 months you can start selling them for 30,000 Uganda Shillings each specially in season of celebration. with 30,000 you can start this business comfortably and there is no too much stress on it.

11. MINI IMPORTATION BUSINESS

Uganda depend on importation, it a shucking thing that Uganda import matches and tooth picks, but we can’t do without them so since we are not ready to produce them, we have to keep importing this stuff. There are so many items out there to import that will interest Ugandans. We interviewed a Ugandan importer, who stated that importation business is lucrative and every Ugandan who know how to go about it is sure of becoming a millionaire in nearest future.

According to him, importation business can be started with 200,000 to 500000 Uganda Shillings and be sure of making 1,500,000 Uganda Shillings monthly, if importing the right products. You can start importation business online while you are in Uganda, Alibaba is the answer, just go on Alibaba.com and search for a cheap item of $2 – $3 and import 10 pies of it. Hidden/Spy Cameras, fancy phone cases, Bluetooth speakers and some other stuff like this are best for mini importation. You can meet with retailers to supply them in wholesale price when they arrive, or sell them online on Jiji , Jumia , Kikuu , Bazebo , Kilimall among many others .

12. PLANTAIN CHIPS BUSINESS

This is what many people enjoy eating mostly when travelling, people eat chips every day, it is very commonly everywhere. You can start this business as a company by packaging it in advance way and putting label on it just as the ones you see in Kampala. If you do it the right way you will get retailers coming to buy from you every day to sell.

According to our research, a dozen in Kampala goes for 60K. You can start producing your own and sell to those guys selling along express and people selling in shops and Supermarkets. You can start this business with 500K

13. ICE BLOCK PRODUCTION BUSINESS

Uganda’s electricity is not always stable and people need cold drinks, water etc.

You can be of help and make money with this.

If you already have a freezer you can start producing ice blocks and sell to people who are selling drinks and water. The only important thing this business required is a freezer and water.

14. PRODUCTION OF CANDLE BUSINESS

Our research shows that this is a lucrative business with no stress, yet with 500K you can start this business comfortably. With erratic power supply in the country, there is no doubt that production of candlestick is still a money-spinner. A sizable group of Ugandans rely solely on candle to battle the erratic power supply. With 100,000 Uganda Shillings you can have a candle mould, which produces 16 candle sticks at a time and go about 50 times a day translating into 800 per day. This is a situation when you are starting with 200,000 to 250,000 Uganda Shillings.

Further findings show that production of 16 pieces of candle does not take more than 10 minutes, all you need to do melt the wax, put in your mould, in 5 minutes after, put in another wax, which you must have melted, while the previous one congeals and you go on and on.

The requirements to start this business are Wax 10,000 Uganda Shillings, mold cost about 300,000 Uganda Shillings, Thread 10,000 Uganda Shillings, Packaging Nylons 15,000 Uganda Shillings, heat source about 6000 Uganda Shillings, Bowl, Ceiling Machine about Ugx.20,000 and logistics.

These are some of the profitable business you can do starting with 200,000 – 500,000 Uganda Shillings in Uganda.

Stop trying to fit your life into a budget because that never works… instead, create a budget that fits into your lifestyle.

Have you started your own home-based business on a dime? Please share it with us.

Would you like to get published on this Website? You can now email Uganda Times any breaking news, Exposes, story ideas, human interest articles or interesting videos on: [email protected].

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Step-by-Step Guide to Writing a Simple Business Plan

By Joe Weller | October 11, 2021

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A business plan is the cornerstone of any successful company, regardless of size or industry. This step-by-step guide provides information on writing a business plan for organizations at any stage, complete with free templates and expert advice. 

Included on this page, you’ll find a step-by-step guide to writing a business plan and a chart to identify which type of business plan you should write . Plus, find information on how a business plan can help grow a business and expert tips on writing one .

What Is a Business Plan?

A business plan is a document that communicates a company’s goals and ambitions, along with the timeline, finances, and methods needed to achieve them. Additionally, it may include a mission statement and details about the specific products or services offered.

A business plan can highlight varying time periods, depending on the stage of your company and its goals. That said, a typical business plan will include the following benchmarks:

• Product goals and deadlines for each month
• Monthly financials for the first two years
• Profit and loss statements for the first three to five years
• Balance sheet projections for the first three to five years

Startups, entrepreneurs, and small businesses all create business plans to use as a guide as their new company progresses. Larger organizations may also create (and update) a business plan to keep high-level goals, financials, and timelines in check.

While you certainly need to have a formalized outline of your business’s goals and finances, creating a business plan can also help you determine a company’s viability, its profitability (including when it will first turn a profit), and how much money you will need from investors. In turn, a business plan has functional value as well: Not only does outlining goals help keep you accountable on a timeline, it can also attract investors in and of itself and, therefore, act as an effective strategy for growth.

For more information, visit our comprehensive guide to writing a strategic plan or download free strategic plan templates . This page focuses on for-profit business plans, but you can read our article with nonprofit business plan templates .

Business Plan Steps

The specific information in your business plan will vary, depending on the needs and goals of your venture, but a typical plan includes the following ordered elements:

• Executive summary
• Description of business
• Market analysis
• Competitive analysis
• Description of organizational management
• Description of product or services
• Marketing plan
• Sales strategy
• Funding details (or request for funding)
• Financial projections

If your plan is particularly long or complicated, consider adding a table of contents or an appendix for reference. For an in-depth description of each step listed above, read “ How to Write a Business Plan Step by Step ” below.

Broadly speaking, your audience includes anyone with a vested interest in your organization. They can include potential and existing investors, as well as customers, internal team members, suppliers, and vendors.

Do I Need a Simple or Detailed Plan?

Your business’s stage and intended audience dictates the level of detail your plan needs. Corporations require a thorough business plan — up to 100 pages. Small businesses or startups should have a concise plan focusing on financials and strategy.

How to Choose the Right Plan for Your Business

In order to identify which type of business plan you need to create, ask: “What do we want the plan to do?” Identify function first, and form will follow.

Use the chart below as a guide for what type of business plan to create:

Is the Order of Your Business Plan Important?

There is no set order for a business plan, with the exception of the executive summary, which should always come first. Beyond that, simply ensure that you organize the plan in a way that makes sense and flows naturally.

The Difference Between Traditional and Lean Business Plans

A traditional business plan follows the standard structure — because these plans encourage detail, they tend to require more work upfront and can run dozens of pages. A Lean business plan is less common and focuses on summarizing critical points for each section. These plans take much less work and typically run one page in length.

In general, you should use a traditional model for a legacy company, a large company, or any business that does not adhere to Lean (or another Agile method ). Use Lean if you expect the company to pivot quickly or if you already employ a Lean strategy with other business operations. Additionally, a Lean business plan can suffice if the document is for internal use only. Stick to a traditional version for investors, as they may be more sensitive to sudden changes or a high degree of built-in flexibility in the plan.

How to Write a Business Plan Step by Step

Writing a strong business plan requires research and attention to detail for each section. Below, you’ll find a 10-step guide to researching and defining each element in the plan.

Step 1: Executive Summary

The executive summary will always be the first section of your business plan. The goal is to answer the following questions:

• What is the vision and mission of the company?
• What are the company’s short- and long-term goals?

See our  roundup of executive summary examples and templates for samples. Read our executive summary guide to learn more about writing one.

Step 2: Description of Business

The goal of this section is to define the realm, scope, and intent of your venture. To do so, answer the following questions as clearly and concisely as possible:

• What business are we in?
• What does our business do?

Step 3: Market Analysis

In this section, provide evidence that you have surveyed and understand the current marketplace, and that your product or service satisfies a niche in the market. To do so, answer these questions:

• Who is our customer? 
• What does that customer value?

Step 4: Competitive Analysis

In many cases, a business plan proposes not a brand-new (or even market-disrupting) venture, but a more competitive version — whether via features, pricing, integrations, etc. — than what is currently available. In this section, answer the following questions to show that your product or service stands to outpace competitors:

• Who is the competition? 
• What do they do best? 
• What is our unique value proposition?

Step 5: Description of Organizational Management

In this section, write an overview of the team members and other key personnel who are integral to success. List roles and responsibilities, and if possible, note the hierarchy or team structure.

Step 6: Description of Products or Services

In this section, clearly define your product or service, as well as all the effort and resources that go into producing it. The strength of your product largely defines the success of your business, so it’s imperative that you take time to test and refine the product before launching into marketing, sales, or funding details.

Questions to answer in this section are as follows:

• What is the product or service?
• How do we produce it, and what resources are necessary for production?

Step 7: Marketing Plan

In this section, define the marketing strategy for your product or service. This doesn’t need to be as fleshed out as a full marketing plan , but it should answer basic questions, such as the following:

• Who is the target market (if different from existing customer base)?
• What channels will you use to reach your target market?
• What resources does your marketing strategy require, and do you have access to them?
• If possible, do you have a rough estimate of timeline and budget?
• How will you measure success?

Step 8: Sales Plan

Write an overview of the sales strategy, including the priorities of each cycle, steps to achieve these goals, and metrics for success. For the purposes of a business plan, this section does not need to be a comprehensive, in-depth sales plan , but can simply outline the high-level objectives and strategies of your sales efforts. 

Start by answering the following questions:

• What is the sales strategy?
• What are the tools and tactics you will use to achieve your goals?
• What are the potential obstacles, and how will you overcome them?
• What is the timeline for sales and turning a profit?
• What are the metrics of success?

Step 9: Funding Details (or Request for Funding)

This section is one of the most critical parts of your business plan, particularly if you are sharing it with investors. You do not need to provide a full financial plan, but you should be able to answer the following questions:

• How much capital do you currently have? How much capital do you need?
• How will you grow the team (onboarding, team structure, training and development)?
• What are your physical needs and constraints (space, equipment, etc.)?

Step 10: Financial Projections

Apart from the fundraising analysis, investors like to see thought-out financial projections for the future. As discussed earlier, depending on the scope and stage of your business, this could be anywhere from one to five years. 

While these projections won’t be exact — and will need to be somewhat flexible — you should be able to gauge the following:

• How and when will the company first generate a profit?
• How will the company maintain profit thereafter?

Business Plan Template

Download Business Plan Template

Microsoft Excel | Smartsheet

This basic business plan template has space for all the traditional elements: an executive summary, product or service details, target audience, marketing and sales strategies, etc. In the finances sections, input your baseline numbers, and the template will automatically calculate projections for sales forecasting, financial statements, and more.

For templates tailored to more specific needs, visit this business plan template roundup or download a fill-in-the-blank business plan template to make things easy. 

If you are looking for a particular template by file type, visit our pages dedicated exclusively to Microsoft Excel , Microsoft Word , and Adobe PDF business plan templates.

How to Write a Simple Business Plan

A simple business plan is a streamlined, lightweight version of the large, traditional model. As opposed to a one-page business plan , which communicates high-level information for quick overviews (such as a stakeholder presentation), a simple business plan can exceed one page.

Below are the steps for creating a generic simple business plan, which are reflected in the template below .

• Write the Executive Summary This section is the same as in the traditional business plan — simply offer an overview of what’s in the business plan, the prospect or core offering, and the short- and long-term goals of the company. 
• Add a Company Overview Document the larger company mission and vision. 
• Provide the Problem and Solution In straightforward terms, define the problem you are attempting to solve with your product or service and how your company will attempt to do it. Think of this section as the gap in the market you are attempting to close.
• Identify the Target Market Who is your company (and its products or services) attempting to reach? If possible, briefly define your buyer personas .
• Write About the Competition In this section, demonstrate your knowledge of the market by listing the current competitors and outlining your competitive advantage.
• Describe Your Product or Service Offerings Get down to brass tacks and define your product or service. What exactly are you selling?
• Outline Your Marketing Tactics Without getting into too much detail, describe your planned marketing initiatives.
• Add a Timeline and the Metrics You Will Use to Measure Success Offer a rough timeline, including milestones and key performance indicators (KPIs) that you will use to measure your progress.
• Include Your Financial Forecasts Write an overview of your financial plan that demonstrates you have done your research and adequate modeling. You can also list key assumptions that go into this forecasting. 
• Identify Your Financing Needs This section is where you will make your funding request. Based on everything in the business plan, list your proposed sources of funding, as well as how you will use it.

Simple Business Plan Template

Download Simple Business Plan Template

Microsoft Excel |  Microsoft Word | Adobe PDF  | Smartsheet

Use this simple business plan template to outline each aspect of your organization, including information about financing and opportunities to seek out further funding. This template is completely customizable to fit the needs of any business, whether it’s a startup or large company.

Read our article offering free simple business plan templates or free 30-60-90-day business plan templates to find more tailored options. You can also explore our collection of one page business templates . 

How to Write a Business Plan for a Lean Startup

A Lean startup business plan is a more Agile approach to a traditional version. The plan focuses more on activities, processes, and relationships (and maintains flexibility in all aspects), rather than on concrete deliverables and timelines.

While there is some overlap between a traditional and a Lean business plan, you can write a Lean plan by following the steps below:

• Add Your Value Proposition Take a streamlined approach to describing your product or service. What is the unique value your startup aims to deliver to customers? Make sure the team is aligned on the core offering and that you can state it in clear, simple language.
• List Your Key Partners List any other businesses you will work with to realize your vision, including external vendors, suppliers, and partners. This section demonstrates that you have thoughtfully considered the resources you can provide internally, identified areas for external assistance, and conducted research to find alternatives.
• Note the Key Activities Describe the key activities of your business, including sourcing, production, marketing, distribution channels, and customer relationships.
• Include Your Key Resources List the critical resources — including personnel, equipment, space, and intellectual property — that will enable you to deliver your unique value.
• Identify Your Customer Relationships and Channels In this section, document how you will reach and build relationships with customers. Provide a high-level map of the customer experience from start to finish, including the spaces in which you will interact with the customer (online, retail, etc.). 
• Detail Your Marketing Channels Describe the marketing methods and communication platforms you will use to identify and nurture your relationships with customers. These could be email, advertising, social media, etc.
• Explain the Cost Structure This section is especially necessary in the early stages of a business. Will you prioritize maximizing value or keeping costs low? List the foundational startup costs and how you will move toward profit over time.
• Share Your Revenue Streams Over time, how will the company make money? Include both the direct product or service purchase, as well as secondary sources of revenue, such as subscriptions, selling advertising space, fundraising, etc.

Lean Business Plan Template for Startups

Download Lean Business Plan Template for Startups

Microsoft Word | Adobe PDF

Startup leaders can use this Lean business plan template to relay the most critical information from a traditional plan. You’ll find all the sections listed above, including spaces for industry and product overviews, cost structure and sources of revenue, and key metrics, and a timeline. The template is completely customizable, so you can edit it to suit the objectives of your Lean startups.

See our wide variety of  startup business plan templates for more options.

How to Write a Business Plan for a Loan

A business plan for a loan, often called a loan proposal , includes many of the same aspects of a traditional business plan, as well as additional financial documents, such as a credit history, a loan request, and a loan repayment plan.

In addition, you may be asked to include personal and business financial statements, a form of collateral, and equity investment information.

Download free financial templates to support your business plan.

Tips for Writing a Business Plan

Outside of including all the key details in your business plan, you have several options to elevate the document for the highest chance of winning funding and other resources. Follow these tips from experts:.

• Keep It Simple: Avner Brodsky , the Co-Founder and CEO of Lezgo Limited, an online marketing company, uses the acronym KISS (keep it short and simple) as a variation on this idea. “The business plan is not a college thesis,” he says. “Just focus on providing the essential information.”
• Do Adequate Research: Michael Dean, the Co-Founder of Pool Research , encourages business leaders to “invest time in research, both internal and external (market, finance, legal etc.). Avoid being overly ambitious or presumptive. Instead, keep everything objective, balanced, and accurate.” Your plan needs to stand on its own, and you must have the data to back up any claims or forecasting you make. As Brodsky explains, “Your business needs to be grounded on the realities of the market in your chosen location. Get the most recent data from authoritative sources so that the figures are vetted by experts and are reliable.”
• Set Clear Goals: Make sure your plan includes clear, time-based goals. “Short-term goals are key to momentum growth and are especially important to identify for new businesses,” advises Dean.
• Know (and Address) Your Weaknesses: “This awareness sets you up to overcome your weak points much quicker than waiting for them to arise,” shares Dean. Brodsky recommends performing a full SWOT analysis to identify your weaknesses, too. “Your business will fare better with self-knowledge, which will help you better define the mission of your business, as well as the strategies you will choose to achieve your objectives,” he adds.
• Seek Peer or Mentor Review: “Ask for feedback on your drafts and for areas to improve,” advises Brodsky. “When your mind is filled with dreams for your business, sometimes it is an outsider who can tell you what you’re missing and will save your business from being a product of whimsy.”

Outside of these more practical tips, the language you use is also important and may make or break your business plan.

Shaun Heng, VP of Operations at Coin Market Cap , gives the following advice on the writing, “Your business plan is your sales pitch to an investor. And as with any sales pitch, you need to strike the right tone and hit a few emotional chords. This is a little tricky in a business plan, because you also need to be formal and matter-of-fact. But you can still impress by weaving in descriptive language and saying things in a more elegant way.

“A great way to do this is by expanding your vocabulary, avoiding word repetition, and using business language. Instead of saying that something ‘will bring in as many customers as possible,’ try saying ‘will garner the largest possible market segment.’ Elevate your writing with precise descriptive words and you'll impress even the busiest investor.”

Additionally, Dean recommends that you “stay consistent and concise by keeping your tone and style steady throughout, and your language clear and precise. Include only what is 100 percent necessary.”

Resources for Writing a Business Plan

While a template provides a great outline of what to include in a business plan, a live document or more robust program can provide additional functionality, visibility, and real-time updates. The U.S. Small Business Association also curates resources for writing a business plan.

Additionally, you can use business plan software to house data, attach documentation, and share information with stakeholders. Popular options include LivePlan, Enloop, BizPlanner, PlanGuru, and iPlanner.

How a Business Plan Helps to Grow Your Business

A business plan — both the exercise of creating one and the document — can grow your business by helping you to refine your product, target audience, sales plan, identify opportunities, secure funding, and build new partnerships. 

Outside of these immediate returns, writing a business plan is a useful exercise in that it forces you to research the market, which prompts you to forge your unique value proposition and identify ways to beat the competition. Doing so will also help you build (and keep you accountable to) attainable financial and product milestones. And down the line, it will serve as a welcome guide as hurdles inevitably arise.

Streamline Your Business Planning Activities with Real-Time Work Management in Smartsheet

Empower your people to go above and beyond with a flexible platform designed to match the needs of your team — and adapt as those needs change. 

The Smartsheet platform makes it easy to plan, capture, manage, and report on work from anywhere, helping your team be more effective and get more done. Report on key metrics and get real-time visibility into work as it happens with roll-up reports, dashboards, and automated workflows built to keep your team connected and informed. 

When teams have clarity into the work getting done, there’s no telling how much more they can accomplish in the same amount of time.  Try Smartsheet for free, today.

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Purpose of College Education

College of Education Students Welcome Baby Bearcats to Campus

More than 100 first graders from District 50 took a field trip to the Lander University campus to enjoy a fun day of learning.

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Uganda Denounces U.S. Plan to Exclude It From Duty-Free Trade Programme

KAMPALA (Reuters) - Uganda on Wednesday criticised a U.S. move to eject it and other African countries from accessing a tariff-free trade programme, saying the action was to punish African countries that are resisting the imposition of the West's cultural values.

U.S. President Joe Biden said on Monday that he intended to end the participation of Uganda, Gabon, Niger and the Central African Republic in the African Growth and Opportunity Act (AGOA) trade program.

Uganda and Central Africa Republic would be blocked because of "gross violations" of internationally recognised human rights, Biden said in a letter to the speaker of the U.S. House of Representatives.

Odrek Rwabwogo, special presidential adviser to President Yoweri Museveni, said that with the trade move the U.S. was telling Ugandans that "their already slim prospects for economic prosperity are contingent on whether they vote in line with the values of whoever happens to hold high office in the U.S., not their own".

Ugandan government officials have linked the move to attempts by the United States to press Uganda to quash an anti-homosexuality law that was passed by parliament in May.

Under the law, same-sex intercourse attracts a life sentence while so called aggravated homosexuality is punished by death.

Launched in 2000, AGOA grants exports from qualifying countries duty-free access to the U.S. market.

"The AGOA programme was established in order to promote economic growth, good governance and free markets in Africa. It is a policy ... to bind Africa and the U.S. in partnership and respect," Rwabwogo said in his statement.

"It was not established as a stick to beat the populace of African countries who vote in a way that offends the social sensibilities of the developed West. Yet that is how it is being used now."

(Reporting by Elias Biryabarema; Editing by George Obulutsa and Alison Williams)

Copyright 2023 Thomson Reuters .

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Tags: Central African Republic , Uganda , Niger , Africa , United States , international trade , Gabon

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8 Business Ideas To Start In Uganda

Looking for business ideas in Uganda? Here is a guide.

Everyone is trying to start up a business of their own to reduce the load of expenses that keep coming up with daily living.

I must say that with the economic breakdown salaries can no longer handle living generally because there is a constant need that requires money and does not seem to want to go away anytime soon.

Although this only one reason why people go into business because there are so many of them. Whichever reason applies to start a business.

8 Profitable Business Ideas To Start In Uganda

Uganda is a nation endowed with very significant resources that are natural by the way and with these resources it is believed that Uganda can feed the whole of Africa if it commercially farmed but due to some mostly political issues this is seeming to be a very difficult task.

It is on this note that I want to say that despite the economic situation of the country, it is still possible to engage in businesses that are not only profitable but also can help to improve the economy of this promising state.

Therefore I will be giving a few profitable business ideas in Uganda that will help in achieve tremendous change to you as an individual and to the nation at large.

Processing Food

It is shocking to know that food is being imported in Uganda and with the growing population, this is costing the country several million. This one issue that needs immediate attention and you with not so much capital can start a food processing business to help curb this very intense issue.

I see this as a problem and its gravity cannot be overemphasized.

With the growing population and the increase in the demand for quality food, producing food locally is a good business to venture into. You could go into processing foods like grains, fruits, vegetables, etc.

Tourism and Hospitality

Uganda happens to be one of the most visited countries in Africa because annually Uganda host millions of people in its confines. Starting up tourist and hospitality centers could be that break to success and an improved economy.

Because tourists need attractions and accommodation you could decide to venture into the two, I mean tourism and hospitality or pick one of the two depending on the capital available.

So you could build very standard accommodations around tourist centers or manage a tourist center that has accommodation.

Transportation

There is always the need for people to move from one place to another and to do so, a means of transportation is required.

Starting a transportation business either one that does interstate transportation or intrastate depends on the capital available, this also determines how big the business can be, but starting small is also very profitable and it could grow into something very big.

Most people say that anything sells in Uganda all you need to do is identify what can cater to people’s everyday needs and provide it. With as low as $100 you can start a business like second-hand clothing, foodstuff, fruits and vegetables, book sale, etc.

one reason why trading will be a success is that most things are imported and these things that are imported are on high demand.

Processing Coffee

Uganda exports a lot of coffee and it is said to hold a large share of the country’s economy.

The coffee business is quite lucrative especially when you process quality coffee. This can either be sold within the county or processed mainly for export purposes.

Housing and Estate Construction

Despite its large population, there is a shortage of shelter in Uganda.

There is a high demand for houses and this can be a business you can venture into. Although the Ugandan government has created initiatives to these effects, it is a very lucrative and profitable business in Uganda.

With the rapid growth in the Ugandan economy, technology is also being accepted and due to this acceptance, there are five million internet uses and thirty-six of one hundred persons have mobile phones.

The internet works in so many ways, beginning and online business is another source of income. Connecting your business to the internet is a boost to that business. You could open up a website that helps promote businesses online.

Giving every registered business under your company a boost helping it grow.

Education in any society is important, thanks to the 21st century and the awareness given to the importance of education. This is why people now see the reason why they should enroll their children in school. Starting an education center that offers good and quality education, Is another profitable business.

Your target should be to provide and quality education to help you attract people who value education which can be the reason why your business can be a boost. What would make you stand out is including unique features

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