A business can be described as an organization or enterprising entity that engages in professional, commercial or industrial activities. There can be different types of businesses depending on various factors.
Some are for-profit, while some are non-profit. Similarly, their ownership also makes them different from each other. For instance, there are sole proprietor ships, partnerships, corporations, and more. Business is also the efforts and activities of a person who is producing goods or offering services with the intent to sell them for profit.
In Uganda, we have different types of business and these are Sole Proprietorship, Partnership, Corporation, Limited Liability Company (LLC) Small Business, Mid-sized Business’ Large Business and industries. Business Industries.
Since it does not matter whether one buys a property directly from the store ,shops or a long side the roads,most of the people have started leaving their places of business and they have gone to the outskirts of the town and a long side the roads for the favourable trade.
Advertisment
This all resulted from Covid19 Lockdown that was set up in April 1st, 2020 where wide lockdown banned all forms of public and private transportation and closed all business except food markets, Essential supermarkets,food stores, handwork and pharmacies starting in march 2020, All Educational institutions in Uganda Closed.This became an eye opener to most of the people and proved to themselves that they can do something else and earn.
Most of the peoples trade work during covid 19 was all done through internet where most of the social media was the major factor of trade which is still improving and making most of the peoples businesses go on well.
Though the lockdown was still going on, most of the people kept on using order and delivery system which could help them earn a living and of which made many to visit individual homes for market of their products.
Since most of the people in Covid 19 had less earning and they had to pay their places of of work after Covid 19, most of the people started shifting from shopping moles and started to act as hawkers and road vendors.
People have to load their vehicles with the trade goods and start moving a round town and very deep in the villages for the delivery of their products.
Some people can still own their shops in shopping moles but still have to take some of the property to the customer than the customer finding the business man at the place of work.
Business men no longer seat in their shops unless they have an order to deliver or someone to go to field for customers.
This system of trade is beneficial to the business men as they set the different price from that of purchasing the same commodity from their shops claiming to be charging transport.
It is also favoring most of the consumers that find it had to travel long distances to purchase a certain commodity from a certain store, shop, boutique and electronics.
Advertisment
on the other hand, customers may purchase cheap commodities at a very high price and a gain sold fake products.
This system is mostly affecting people who still seat in their shops but still selling the same products like those in other field .These people are not earning to their level of earning since most of the consumers are enjoying the service delivery than visiting the real shop.
This system of trade is soon making the country lose a lot of money as most of the traders will shift their shops from their current location to their places of residence which means the Government will not gain anything because they will not be paying the tax.
These men will be added to the total of hawkers of which will increase traffic congestion which increases road accident.
Advertisment
