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

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