Measures to Overcome Challenges Facing Small and Medium Enterprises
By ensuring proper location of the small scale business enterprises in areas where support services, markets and raw materials can easily be access.
By undertaking research and development to come up with new products that meet customer needs and beats off competition
By ensuring good business management e.g through employing creating a work environment that encourages productivity, hiring competitive people and training them etc
By establishing good relationship with customers and ensure that they are always satisfied with their products and cannot be taken away by competitors
By undertaking manageable expansion in order to avoid over expansion challenges.
By conducting market survey before setting up small scale enterprises in order to ensure proper business location
By lobbing market from outside countries to ensure market expansion.
By ensuring effective and appropriate advertising media.
By ensuring continuous training of worker to ensure provision of quality goods and services.
By saving and re-investing their business profits back to the business to ensure that they maintain adequate working capital to run their business operations
By soliciting for government assistance and support in terms of tax reduction, holiday and subsides.
By joining business associations to become active member such that they access assistance from them e.g. Uganda Manufactures Association, Uganda small scale industry association.
Advertising and promoting their products so that they can attract new customers and keep the old ones
Regularly training their staff to ensure that they are skilled enough to manage the business operations
