Top sustainability strategies for small businesses

The growth of small and medium enterprises (SMEs) in Uganda has reached an all-time high, with an estimated 1.1 million SMEs operating across various sectors, according to a World Bank report. Despite this growth, one-third of Ugandan SMEs, especially small businesses, fail to survive their first year.

This high failure rate is largely attributed to poorly structured sustainability frameworks, which limit growth potential and competitiveness. 

Common challenges include inadequate technical and management skills, limited financial literacy, and restricted access to long-term…