Whereas the Government of Uganda is ‘innovatively’ taxing every penny out of Ugandans, it continues to waste taxpayers’ money in poor procurement processes. Most MDAs pay for services directly to foreign companies. In other countries, our firm is required to have a trading license, VAT and National ID for team leader! When we get a consulting project in a foreign country (including regional ones), our firm is required to provide documentations which one can get only if they are a local company. In the end, we seek for partnership. At the end of the day, we spend over 40% to…
The Power of Perseverance
When the going gets tough …. In the world of the business, the road to success is littered with so many business wreckages of ideas that never made it. They say that out of every 5,000 businesses started, only 4% will make it to beyond the 10th year. Out of the surviving 200, only 0.01% will grow into large corporate brands. With all the information about financial management, technology and markets out there, why do businesses fail at such a tremendous rate? In this second edition of our power series, we examine the power of perseverance or resilience. Many businesses…
