Page 65 - Bisiness Studies_Form_3
P. 65

Business Studies for Secondary Schools


             (i)   Introduction letter from LGAs;    Challenges facing small businesses
             (ii)   Certified  lease  agreement  or   during registration
                   title deed; and                   Many small businesses in Tanzania face
             (iii)  Power of Attorney.               several challenges during the registration
          (e)  Submit  the  request  to  the Authority   process, as they are not fully utilising
        FOR ONLINE READING ONLY
               for review.                           the technology  or digital  tools required
                Activity 3.6                         for the registration  process. Small
                                                     businesses lack the  required  knowledge
                                                     and infrastructure  to adopt modern
            Visit at least two registered  small     technology, which limits their ability
            businesses in your locality and explore   to  use online  platforms  developed  by
            how they got registered, the challenges   business regulatory authorities such as the
           they encountered, and how  they           TRA, ZRA, LGAs, BRELA, and BPRA.
           managed to overcome them.  Write a
           plan showing the steps you will follow    Solutions to challenges  facing  small
           to register your business.                businesses during registration
                                                     To assist and facilitate small businesses’
                   Exercise 3.3                      registration process with the responsible
                                                     government agencies and authorities, the
           Wema is an established business owner     LGAs  have established a help desk in
           who has four types of businesses in       Municipal and District Councils through
           Morogoro.  She realised that many         the Trade Department. These help desks
           business owners like  her struggle to     target helping small businesses, in
           register their businesses. Most of the    particular, understand the registration
           time, they reach out to her for guidance.   procedures.  Again,  LGAs     provide
           She decided to open a consultancy         training  to small  business owners and
           firm that helps small business owners     some individuals from local stationery
           with information to register their        shops  who provide help with business
           businesses. She has asked you to help     registrations  to  improve compliance
           her to  create a process of acquiring     and reduce the rate of non-compliant
           business licence  from BRELA and          businesses.
           BPRA, and TIN from TRA and ZRA
           to add to her portfolio.                  Despite the challenges facing small business

           (a)   Describe  the  procedures  for      registration, the first obligation of a small
                                                     business is to ensure that the business is
               acquiring a business licence from     registered and the necessary licences are
               BRELA and BPRA.                       acquired before its commencement. Failure
           (b)   What are the steps small businesses   to acquire the necessary licences calls for
               are supposed to follow to get a       different sanctions for non-compliance.
               TIN certificate?


                                                  57                 Student’s Book Form Three
   60   61   62   63   64   65   66   67   68   69   70