To digitize entails using electronic business and electronic commerce and online tools to run the business. Digitization transforms your business to become more agile, nimble, and efficient. The starting point is to adopt digital records management and reduce time wasted in tracing up documents and invoices. The next phase is to install software to capture day to day business transactions. For example, when you install an accounting system to capture all your daily sales and expenses you ease your financial management practices. Then you can install a system to manage your human resources. Another to handle stock management etc.…
Trust after controls
“If your wife asks to go out for a party, insist that she moves along with one of her children. The younger the better.” That is what my grandfather Mzee Atanansi Komunjara often advised friends who asked how to avoid exposing their wives to risks of extra-marital affairs. Time and again, women would ask their husbands to go visit their people back home — a red flag of rekindling old fires. Following a spate of frauds reported in the national papers, companies can learn a lot from grandpa’s advice – trust after controls. During these Coronavirus pandemic times, cash is…
Uganda turns 58 in 2020 as banking is taken aback
The normal life of any business leader is spent fighting battles daily. It is these kinds of battles that make business challenging and worthwhile – you win some and lose some. It ceases being challenging when the outcome is perceived to be a result of an unfair playing field. Yet, the delays by the Presiding Judge to issue the signed ruling and or judgment on Tuesday 13th October 2020, six days after being delivered in open Court, has caused anxiety among the business community and international partners alike. The ruling on the case of Ham Enterprises Limited versus Diamond Trust…
Tools for winners: tool 1 – be organized with a priority list
Keep your items in sets. Remember that math topic about similar sets. Put your dresses in one corner. Books on the same subject in another section. And the keys to the different doors in their specific locations. Have the habit of putting your car keys in one same spot to save you time. Above all, always be alert about items or things out of place. Pay attention to details. Take note of any item out of place and put it back. The fewer items on your desk, the more freedom you have away from confusion and noise. To be organized,…
