HOW TO START A RETAIL HARDWARE BUSINESS IN A DEVELOPING COUNTRY LIKE UGANDA

Sekitto1978 Jan 3, 2012 Business
It is a wise choice to start a retail hardware business in any developing country due to high demand of building materials such as cement, iron sheets, nails of all types, spades, expanded metals, hoes and among others.

Things you will need 

- Working capital

-Enough space with a large size room and the store

-Workers

- A license and other legal documents

 

The steps include:-

Step one

Find a strategic area where your hardware business can fit. This area should have enough security, large population size, market and demand as well as easy transport and communication.

Step two

Rent a large size room with a store behind and paint it with a color of your choice so as to win the attention of the customers.

Step three

Fit the shelves into the room and the counter table  for display purposes. In this case, all the light materials such as brushes, switches, padlocks and among others will be displayed.

Step four

Purchase a variety of items/ building materials from your nearest hardware dealers and you should make sure that you buy good quality items which can attract the customers.

Step five

Obtain a license and other legal documents in order to  register and legalise your business. This will help your business to operate as well as to avoid future inconveniences like closure of the business.

Step six

Advertise your business in your local newspapers, radio and television shows in order to attract more customers hence increasing your sales.

Tips and warning

- Prohibit much borrowing to avoid losses and future risks

- Avoid cheating your customers and being rude to them

- Don't sell duplicated  and sustandard items or materials

 

What did you think of this tutorial?
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14 CommentsAdd a Comment
Eranda alex on Aug 23, 2016
 
What's the minimum capital for a hardware that will competi favourably ?
sylvia on Jul 13, 2016
 
we need a sample budget for the same
John on Apr 9, 2016
 
Good ideas looking forward to start mine sooner than later
bidyut bikash borah on Mar 3, 2016
 
Hi! myself bidyut bikash borah. from Assam, India. I want to start a hardware shop, but i dint have any idea bout business, so please suss-est me what types of paper work to be done and what types of material should put in my shop. please mail me at my mail id. bdtbksh7@gmail.com. i will be very thankful to you
Pinku on Nov 23, 2016
 
Hi Bidyut, from which place in assam are u, i m from jorhat. I can contact u and help u if u need.
Shariq India on Sep 17, 2016
 
Hye.. Bidyut.. I am going to start my business before June 2017, as Door hardware lock/handles supplier. You may contact me. Maybe you will be my first customer. (email- smshariqraza@gmail.com)
Walter on Feb 26, 2016
 
What kind of security should one apply
nyika marume on Dec 6, 2015
 
Woooo,thanks that good idea,iwant to start mine there
Godfrey Delex on Jul 16, 2015
 
Quiet practical, have been searching these but less precise as this, Thanks!
cherukut aggrey on Feb 22, 2015
 
I love it, breif and to de point, what i had left out was a store. Am now good to go.
edema edward on May 6, 2014
 
its is very good steps cos i would like to start it by the end of this year so which company are having good products
wanetosi on Feb 17, 2014
 
Am considering starting hardware chain
George on Jul 25, 2012
 
Great i had done almost every thing apart from painting an attractive colour. Thanks
jackline on Nov 10, 2012
 
i like this coz iwant to start one and iwas looking for ideas thanks.
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