You have UGX 80,000. i) Select a good business idea that can be invested in with that money. ii) Budget for that business.

i) One good business idea that can be invested in with UGX 80,000 is starting a small-scale poultry farming business. Poultry farming is a profitable venture that can provide a steady source of income.

ii) Budget for starting a small-scale poultry farming business with UGX 80,000:
- Purchase of 50 day-old chicks: UGX 40,000
- Chicken feed for one month: UGX 20,000
- Vaccinations and other medications: UGX 10,000
- Housing and equipment: UGX 5,000
- Miscellaneous expenses: UGX 5,000

Total budget: UGX 80,000

With proper care and management, the poultry farming business has the potential to grow and generate more income in the future.

i) Business Idea:

Mobile Phone Repair Shop

This business is a lucrative option due to the high demand for mobile phone repairs in urban areas. With the rapid adoption of smartphones, the need for skilled technicians is growing exponentially.

ii) Budget:

| Item | Cost (UGX) |
|---|---|
| Rent (2-room shop for 6 months) | 600,000 |
| Tools and equipment (e.g., soldering iron, multimeter, screwdrivers) | 500,000 |
| Spare parts inventory (initial stock) | 300,000 |
| Marketing (banners, flyers, online presence) | 200,000 |
| Salaries (2 technicians for 6 months) | 400,000 |
| Utilities (electricity, water, internet) | 150,000 |
| Contingency fund | 150,000 |
| Total | 2,300,000 |

Note:

- This budget is an estimate and may vary depending on location, market conditions, and specific equipment requirements.
- The contingency fund is important to cover unexpected expenses or slow periods.
- The salaries listed are for entry-level technicians and may increase over time based on experience and performance.
- It is recommended to secure additional funding to cover operational costs for the first few months until the business becomes profitable.