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  • Improve Today

    Risk management; using organizational review approach

    February 5, 2015 / No Comments

    In 2012, my firm, Summit Consulting Ltd won a bid to formulate a risk management strategy for a government institution. This is our first assignment. Being the team leader, I had to research extensively as you can imagine — just looking for a process that works. My key questions were: “How and where do I start from?” As a consultant, I am expected to know more. And I had one chance to prove my competences and those of my firm, www.summitcl.com. As the firm leader, we spend thousands upon thousands of dollars finding for a system that works all the…

    Read More
    M. B. Mugisa

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  • News and Analysis

    Old Mutual buys majority shares in UAP

    February 3, 2015 / No Comments

    UAP Holdings Limited (UAP) has entered into strategic partnership with Old Mutual Plc. The later now holds 60.66% shareholding after acquiring an additional 37.33% of issued shares of the company held by the private equity investors – The Abraaj Group, AfricInvest and Swedfun. From humble roots as Kenyan General insurance services provider in 1920, UAP has grown into a strong business franchise focusing on Insurance (General, Life and Medical Insurance), investment management and properties in six East and Central African countries – Kenya, Uganda, South Sudan, Rwanda, Tanzania and Democratic Republic of Congo. UAP is undoubtedly one of the top…

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    M. B. Mugisa

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  • Improve Today

    Sell benefits; not features

    February 2, 2015 / No Comments

    People don’t buy your product or service features per see. They are interested in the benefits they get when they use your products and services. Your website, brochures and presentations should error on showing the benefits of your products or services.” Mustapha B Mugisa, 2015 Following on last week’s Guerrilla insights, in this issue we explore guerrilla sales insights #2, how to package your services to your prospects. Here is the #1 sales rule of all: Never sell products – sell benefits. Never sell services, sell benefits. Never sell features, sell benefits. Never sell insurance, sell what? … benefits. Always…

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    M. B. Mugisa

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    August 18, 2016
  • Improve Today

    Business insights: technical people complain about lack of resources!

    January 27, 2015 / No Comments

    Your business is 80% marketing and sales; and 20% support services”, Mustapha B Mugisa, 2015 After consulting for several startups, the #1 challenge of most small businesses is not the lack of capital. It is the lack of customers. If your business lacks customers, it will suffer from cash flow problem which is critical for survival. At the start, don’t be driven by profits. That should come as a natural expansion of business success. It does not matter how much loan (capital) you have, if you don’t have customers, your capital will still not be enough. So, focus on revenue…

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    M. B. Mugisa

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    July 19, 2019
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    September 29, 2016
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    The poverty mentality: here is how you are killing your own business!

    July 7, 2015
  • Improve Today

    Attaining business success with Guerrilla marketing strategies

    January 24, 2015 / No Comments

    For businesses to succeed, it is has to undertake aggressive marketing. Other functions are support. If you do not market, you won’t have income. You will incur costs but unable to meet them. For any firm whether in manufacturing industry, consulting services, audit or fast moving consumer goods, the core function to do is aggressive marketing as much as possible. If you don’t market, few, if any, will get to know about your services. As they say “it does not matter how beautiful a lady is, if she is in darkness, no one will notice her.” To be appreciated, she…

    Read More
    M. B. Mugisa

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  • Improve Today

    Guerrilla marketing in practice: increase sells on a small budget

    January 22, 2015 / No Comments

    Guerrilla marketing is a term coined from the law of the jungle, which states that “for small trees to survive, they must climb onto big ones in order to access sunlight”, which they need to survive. As a salesperson in Uganda’s competitive environment, you are the small plant. Uganda’s business environment is the jungle. How do you survive? In order for you to cope up with the tight stiff competition, you need income, and only marketing and sales will bring revenue. You must come up with strategies that are cheap but effective. Since you are just starting out as a…

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