Female entrepreneurs have been advised to adopt to the changing business world by adopting to the new technology, innovating new entrepreneurial ideas, and skills.
“You need to be innovative, you need to keep tabs with the entrepreneurial world, the business world is changing, it needs aggressiveness, you need to be innovative but also adopt to technology if you are to survive,” said Chris Kalibbala an IT Specialist and Software Developer.
“You need to stop waiting on other people to do it for you, show you how to get what is yours. We are living in a global economy so we need to go and claim Uganda’s stake in the global economy. We must not wait for the government because it has got too many problems. We must do it ourselves.” Kalibbala who also doubles as the founder of Vamubuliri organization said.
Natasha Mutebi from Manifesting Legacy, and also an employee of the UK parliament, said young people, mostly women, need personal development because there is great need for young people to gain the skills and tools to personally develop themselves.
“You cannot go anywhere in life unless you understand your passion, your skills and the sourcing for personal development. We are going to network and mentor young people to help them understand how to get where they want to go. You can manifest what you desire if you understand the particle tools and also know how to network with people, what your skills say and what your strength is. How do you understand how to sell yourself in an environment? Basically this is what it’s going to be about.” She said
These made the remarks at the launch of the Vamubulili initiative, at the Sheraton Kampala hotel.
In the competition slated for April 23, at the Kampala Sheraton hotel, the best female business idea will walk away with UGX5m, three months mentorship by established startup founders in the United Kingdom, United States of America, and Uganda and also pitch a business idea worth $250,000 to a UK based venture capitalist after the three months of mentoring.
All participants will get free Website construction, Social Media Marketing and will be helped with achieving first sales and getting first customers. The runner up will get one free night in the Sheraton Kampala Hotel.
Kalibala said, “We are to give out cash to the best female business idea in Uganda. You must show us how you are going to spend the money, make something in Uganda which can be exported to the rest of the world, show how you are going to create jobs for other people in Uganda and also how you are going to do positive sustainability in Uganda.”
The three NGOs partnered to support young people’s well being with career and psychological development so that they conquer the opportunity desks and the winner takes the money.
Zinunula Sserumaga, the founder of Access to fashion and a merchandise consultant in the Uk assured that she will connect the beneficiaries to over a billion retailers in her reach and also import those skills to Ugandan women whose businesses will be supported.
Meanwhile, Douglas Smith, the founder of Sport Rise, a local company manufacturing balls in Uganda, said the last edition that was held in February this year, helped him launch his latest soccer ball product ‘lulu’, a product for all weather.
To be part of this competition, the entrants, all female, must pitch their Business idea in five minutes and demonstrate how they intend to make use of the money.
They also have to submit a PowerPoint presentation of maximum 5 slides.