Management Training and Advisory Centre (MTAC) - Uganda

Business training

When setting up and running a business, there are many aspects to consider in getting a product/service to market profitably.

For business people to grow their companies, they always think of increasing staff to help grow the business. Since that isn’t always easy, there is a big need to find alternatives for their businesses growth. Experts suggest a number of recommendations that do not need necessarily to hire new staff and consequently spend more money for that growth. Entrepreneurs can still build the capacity of their businesses without incurring more expenses for the growth.

Recommendations to build capacity of your business

1. Understand where you are - in order to build a suitable training plan for your business. What stage is your company in the Business Maturity Model? How will training benefit your company?
2. Adopt a growth mindset - and share it with your staff. Is your business capable of growth and improvement?
3. Invest in training for your human resources - especially for the key people who make the most difference;
4. Make knowledge development and sharing an ongoing practice - how well does your team understand how your business works? Are they up to date on innovations in their areas of work?
5. Flesh out and document key processes - clear, documented processes ensure that quality products/services are produced every time. Are these present in your company? Are they being used and and continuously improved?
6. Set clear goals and track metrics for the use of technology - how does technology make your business more efficient? Are measuring crucial steps that affect the quality of your products/services?
7. Connect with other organisations - to learn as an organisation. Is your company subscribed to the leading Associations in your sector? Are you and your employees members of professional Associations in their fields of expertise?