Small Enterprises

Micro enterprises are the ones employing a maximum of four people with an annual sales turnover of maximum Ugandan shillings of 12 million and total assets of maximum Ugandans shillings 12 million.

Characteristics Of Micro Enterprises

• They require very little money to be started
• They require very simple technology to operate
• Their sales are usually low
• They usually employ the services of their owners who may be assisted by one or two persons, usually family members
• They may not need fixed premises to operate from but where they do, they may be housed in temporary structures
• They don’t need to be registered before they commence operations but may have to obtain operating licenses from the local authorities

Small Enterprises are the ones employing a maximum of 50 people with annual sales turnover a maximum of Ugandan shillings 360 million and total assets of maximum Ugandan shillings 360 million

Characteristics Of Small Enterprises

• Their periodical sales are relatively higher than those of micro enterprises
• They may use some basic and simple technology in the production system
• They are generally easy to start and operate and may not require formal registration
• They are relatively well established small businesses which may produce for export either directly or through large businesses E.g small enterprise include Bakeries, shops, millers etc