Reviews & Profiles
Quantity surveyor who pockets Shs20 million every month
Posted Monday, March 31 2014 at 20:49
Projects. He mathematically measures and maps the surrounding environment using specialised technology and equipment. The work includes a variety of projects such as land sub-division, mining exploration, tunnel building and major construction.
William Matovu’s approach to business is not only humbling but also exciting.
In about five years from now, he believes Imat surveyors, where he is a director, will be at the top of providing surveying services.
Already he is on the right footing, given the strings of his clientele and the income he taps. This implies that his dream to be the best among his peers is an ambition that is not far-fetched.
That experience, which he is determined to achieve, could be realised by how fast the land registry familiarise itself with the computer system installed to get rid of fraud and other related messes in title deeds.
Also, not all clients keep their word despite entering agreements or initial plans. Some of them do not easily clear their outstanding balances, making it difficult for a surveyor to run operations as he would have loved.
Coupled with expensive surveying tools and exorbitant interest rates on loans, entrepreneurship or business can only be negotiated by people like Matovu whose will for success is resolute despite the risks that come with it.
We intend to expand our human resource by 10 more professional surveyors in the next three to five years. And in 10 years, we shall have a team comprising of engineers, architects, and valuers. All this is in search of what Mr Matovu refers to as a complete experience, a one stop-centre of sort.
Matovu’s qualifications enabled him start:
Matovu incorporated his firm called Imat Surveyors in 2007. Although he was a university student at Makerere University then, it speaks volumes about his vision and entrepreneurial traits.
After completing his degree in Surveying, he opted for employment to get experience, exposure and raise initial capital that would later see him establish Imat surveyors.
“I worked as the staff surveyor for KCC (now KCCA) and benefitted a lot from the tutelage of George Waseli—who was my supervisor then. He is one of the very few in the business whose mentorship and experience you can be proud of.”
He continued: “By 2009, I had gone solo and also became a registered member of Uganda Surveyors but I continued consulting Mr Wasali.”
After being admitted into the surveyors fraternity, Matovu could practise his trade.
Most of his initial capital came from his personal savings which was minimally augmented by other sources.
MATOVU’S EARNINGS AND HIS MAIN CLIENTELE
When he ventured into business, it was a risk for he did not know how it would turn out.
All he had was faith, creativity and hard work. It did not take long before his work started paying off.
For example, he gets paid a minimum of Shs500,000 whenever he uses his professional skills to determine the extent of encroachment on a piece of land. Technically, this exercise is known as boundary opening. And depending on the size of the field the price could rise.
When surveying sub-divisions where one buys a piece instead of the entire field, he walks away with Shs1.8 million.
For topography survey— an exercise preferred by the developers— will see him part with at least Shs1 million.
The amount of money he rakes in a week ranges, depending on the number of the customers. In a good week he fetches between Shs5 million and Shs10 million.