Have you ever wondered why most CEOs will make the first call to their lawyers when faced with a key decision and ignore the internal auditor and or the accountant altogether? Wonder no more. First, we need to understand the difference between a good lawyer and a bad lawyer. The key difference is the quality of their ‘first opinion’, the piece of advice you immediately get from your lawyer when you consult about a problem that you need immediate response there and then. A good lawyer’s first opinion rarely changes even after consultations. An average lawyer or a bad lawyer,…
Tool #31 of 104 is to accept and carry your own cross
What is your personal cross? Have you accepted to carry it without complaining or you are working hard to have others carry it for you. At family level, people don’t want to carry their own cross. At any slightest of a challenge, they want an easy way out. On 5th June 2010, a former old boy at Makerere University called asking for help in his wedding preparations. He requested that I support him as his best man. I hesitated, but he insisted. That evening he came to my office and we reminisced the University times and how we were buddies.…
Tool #30 of 104 is to have the right guide
“Luke 6:39 Jesus told a parable to his disciples: ‘Can one blind man guide another? Surely both will fall into a pit?” It is not easy to live in a country where class defines which table you should sit on. The schools you attended provide you a ticket to a certain exclusive class. The challenge is at senior one, the decision of which school to attend is made on your behalf by the parents. And thereafter it is not easy to change! For the less fortunate ones, wind throws you somewhere and you must do your best. That is where…
Tool #29 of 104 is to forgive
Luke 6:27-29 “But to you who are listening I say: Love your enemies, do good to those who hate you, bless those who curse you, pray for those who mistreat you. If someone slaps you on one cheek, turn to them the other also.” He was sacked at the height of his career. September 12th 2004, one of the managers, a 48 aged Engineer, working in a government Ministry then, was subject of an investigation because of a malicious tip-off from a colleague. The victim, had used personal savings to buy a piece of land in Bugolobi in preparation for retirement. He wanted…
Training: Why you need Finance For Non-Finance Professionals
WHY summitFINANCE 4 NON-FINANCE PROFESSIONALS (summitF4NFPs) TOOLKIT TRAINING? Can you tell the difference between an income statement and a balance sheet? Do you understand why a business that’s profitable can still go belly up? Has the grasp of your company’s numbers helped or hurt your career? Do you understand your role in the financial performance of your business? If questions like these make you sweat or worry, this training is for you. Based on Harvard Business Review’s Exclusive Training Materials, you will get the tools and gain confidence you need to master finance basics, as all good professionals must. summitF4NFPs…
Business Continuity Plan/Disaster Recovery (Iso 22301) Implementation
In May 2014, the Chief Executive of one of the manufacturing Companies received a call that the factory was on fire. By the time Uganda Police Fire Brigade responded, the critical parts of the machinery were all lost in the inferno, with an estimated loss of US$ 1m. Despite having Insurance coverage, it took over five months to setup everything and resume normal operations. In the meantime, the factory lost business, order fulfillment and key partners. Business continuity plan would have helped reduce the recovery time to minimize costs and losses. In line with this, Summit Consulting Limited cordially invites…
