Patrick Reveals How to Run a Business Without Facing Losses

Many entrepreneurs dedicate themselves fully to building a business that stands the test of time. They invest their money, time, and energy into their shops, companies, or farms. But along the way, challenges inevitably arise. Some face theft, others contend with envious competitors, while some experience unexpected financial losses that seem impossible to explain. Running a business can be rewarding, yet it can also bring stress when you're constantly losing money for reasons beyond your control.

This is the exact situation Patrick Mugisha, a shop owner in Mbale, Uganda, found himself in. For years, Patrick operated a small wholesale shop supplying food items to local traders. Things were going smoothly, but gradually, he began noticing a disturbing trend—his profits started to dwindle. Goods would mysteriously vanish from his store, and on several occasions, the money he anticipated from sales was far less than expected. His workers reported unusual customers who took goods on credit but never returned to pay. Patrick reached a point where he feared his dream of running a successful business might collapse.To Continue Reading, Click Here