Friday, December 28, 2012

BUSINESS PLANNING AND FINANCIAL SERVICES IN KAMPALA UGANDA

BUSINESS PLANNING AND FINANCIAL SERVICES IN  KAMPALA UGANDA

CONTACT –wikiconsults@gmail.com

Box 2090 Kampala Uganda

Tel 256-752-959-439

 

Investors and financial institutions expect to see a business plan when you approach them. , you are certain that your idea will succeed, but you are unsure of the process involved to achieve it. A business plan is paramount. We can help. We develop full business plans for start-ups and existing businesses that are looking for financing, entering new markets, introducing new products, or restructuring.


The due diligence of starting a company can be overwhelming. With our help, we can provide an excellent plan for you.

As a business owner you are most likely very, very good at what you do.  However, many small business owners find that they are not very, very good at the day-to-day operations of running the business.  At WFConsults Business Consulting we come alongside you and help inject much needed common sense into your business structure. 

We are business management consultants specializing in implementing well proven management profitability and organizational improvements. We understand the many challenges facing businesses in today's fast-paced and competitive climate. We understand because many of our associates have owned or currently head-up their own successful business organizations.

Is your business requiring more and more of your time to maintain, much less to grow? Is it becoming your life, rather than your livelihood? Or, are you experiencing declining profits, markets, efficiencies, all of which you have grappled with alone. Have the results of your improvement initiatives proven disappointing in spite of all your efforts? Have you lost your business focus? Are you uncomfortably deep into your bank line of credit, or is your bank

CONTACT –wikiconsults@gmail.com

Box 2090 Kampala Uganda

Tel 256-752-959-439

lending facility currently becoming overly burdensome? Or is it more serious; has your business declined to the turnaround stage? 

We can help you:

  • cut operational costs
  • reduce business risk
  • create brand value
  • generate revenue from new sources
  • transform your company into an innovative market leader ahead of the competition

·         Are you having problems differentiating your business from your competitors'? Maybe you are struggling with selling your products and services because your customers or clients do not know you. Or perhaps you are running low on ideas to market your business.

·         We have a solution for you. We create full marketing plans to help you enter the market and create a brand. With our help, you will be able to refine your products and services, identify market segments, select distribution channels, create effective promotional strategies, and utilize various pricing tactics to gain optimal profit.


Results You Can Expect:
Your customers or clients will now get your message and distinguish you from the sea of competitors. Most importantly, with the right mix of marketing strategies, your customers will ACT on the message and buy from you. With a strong marketing plan, you will not only build brand identity, you will enhance your revenue.

We at WFConsults Kampala Uganda develop full strategic plans to help you define the core values of your organizations and key business activities so that you can meet your objectives once again. We will dissect your organization and analyze your internal operations as well as the external environment your business is operating within. We will also work with you to set new goals,

CONTACT –wikiconsults@gmail.com

Box 2090 Kampala Uganda

Tel 256-752-959-439

 

create new strategies and timelines, and determine your success criteria for you to run a successful business long term.


Results You Can Expect:
Most companies and organizations need a vision and strategic plan, but few have it. Your Plan will put you ahead of many of your competitors. You will now have short and long-term goals for your business in key performance areas which will help you stay focused. Your business activities or issues, such as operating costs, customer satisfaction, quality of goods or services, etc., will subsequently be improved with a more focused vision.

You think you are doing all the right things for your business, but for some reason, your bottom line just doesn't reflect it. Or you are working long and hard hours from Mondays to Sundays, and are desperate to find more efficient and effective ways to run your business.

We will gladly help you achieve that work/life balance by evaluating your current business model, process, operations, and/or organizational structure, to identify problems or areas of improvement.


Results You Can Expect:
You will learn how efficient and effective your company's programs and/or initiatives are. You will also gain the ability to recognize when changes are required and to implement them across all parts of your business on an ongoing basis. You can expect to identify opportunities that will increase your operational excellence.

Are you one of the many small business owners who are juggling multiple roles from talking to customers, marketing your business, picking up phone calls to sweeping the floor at the end of the business day? You just wish that

CONTACT –wikiconsults@gmail.com

Box 2090 Kampala Uganda

Tel 256-752-959-439

 

you had more time and resources to implement some of the great ideas you have, or were suggested to you, either by your close confidantes or us at WFConsults Kampala Uganda.

We will help you manage projects of any size. We will also implement business or marketing plans you already have to ensure success.


Results You Can Expect:
You will be able to pursue urgent business activities without spreading your resources too thin and sacrificing your ability to implement great business initiatives. In addition, our professional assistance in project management will accelerate the project initiation process and enhance its success.

After Developing the business plan then what-?

Other Services

1 Forming a company/ type of business organization

2 Identify a company name

3 Registration with Uganda Registration Services Bureau

4 Obtaining necessary secondary licenses from line ministries (for instance, in fishing

you need a fishing permit; you may need clearance from NEMA). It's advisable to

seek guidance from business support institutions like UIA, Trade offices at the

District levels or your business association.

5 Register with local authorities/councils/ for operating permits e.g. Trading Licence

6 Register with NSSF if you employ more than 5 people

7 Register with Uganda Revenue Authority and obtain a Tax Identification Number

CONTACT –wikiconsults@gmail.com

Box 2090 Kampala Uganda

Tel 256-752-959-439

 

(TIN), VAT number if your annual turnover exceeds Ushs 20 million

8 Register with Utility providers like UMEME, NWSC, and obtain an account number.

 

Cost of Services:

a) Standard filing fee: Ushs 410 (four hundred and ten shillings only);

b) Certificate Fee: Ushs 1,000 (one thousand shillings only);

c) Stamp Duty: 0.5 % of the share of capital;

d) Flat fee for the Ministry of Finance collected by the Registrar: Ushs 23,000, (twenty

three thousand only);

e) Registration fees vary: fees for a share capital of USH 5 million are Ushs 6990, and

Ushs 9490 for a share capital of 10 million.

f) Trading license: Ushs 206,500.

g) Company seals: Ushs 225,500.

h) Name search: Ushs 20,000.

i) For sole proprietorship and a partnership, formation cost is US$ 100 and the usual

balance sheet date is 30th June to coincide with the fiscal year.

j) The formation cost for a private limited liability company and a public limited liability

company is US$ 1,000 plus 1% stamp

 

WFC Charges are Ushs 500,000 on top of the above fees , these are for Logistics, Commission and Contingencies

Taxation

1. VAT Registration is beneficial and it gives you an advantage in costing. You

CONTACT –wikiconsults@gmail.com

Box 2090 Kampala Uganda

Tel 256-752-959-439

 

should therefore insist on VAT invoices from suppliers.

2. Keep records of your capital investment for capital allowances and withholding

tax. These are claimable at the end of the year and it reduces your Income Tax

Liability. Check your import documentations for WHT records and collect receipts

of WHT deduction from your customers.

3. Submission of early returns to Uganda Revenue Authority reduces the interest

and penalties

4. Proven records on tax compliances are rewarded; for instance you can be

exempted from WHT.

5. Make your taxman your friend; consult him when in doubt on rates and

procedures etc. URA has a toll free number, customer service centers and

customer relations officers at all customs offices that you can consult.

 

For More about Business Planning , Strategy, Tax and Auditing Services in Kampala or Uganda

Contact

WFConsults

Box 2090

Kampala

Uganda

256-752-959-439

wikiconsults@gmail.com



--
Nicholas Musuuza
Director
WFConsults
Box 2090
Kampala
Uganda
Tel 256-752-959-439
 
Never give up till the battle is over !

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