One of the biggest mistakes entrepreneurs make is hiring someone to market their businesses. Many of the ‘salespeople’ cannot actually sell anything! They are office type of executives who are afraid of even making a small presentation in front of a room full of prospects. Their idea of marketing is sitting down in office, writing a ‘marketing plan’ usually of over 50 pages, complete with graphs and projections of the next ‘5-years’ sales and their marketing budget. When you dig deep into their numbers, you realize they plan to generate revenue by placing ads in newspapers, tv, radio and making…
Daily News Briefs 5/22/14 Stand warned of donations from Oil companies
Local governments within Bunyoro region have been cautioned against reaching out to oil companies for aid. “Yes they have the money and can do anything. What will happen if they delivered a vehicle and exaggerated the cost which you cannot verify?” Buhaguzi Member of Parliament Mr. Bigirwa Julius asked. Mr. Julius’s warning came after a request by Mr. Godfrey Sserwanja, the Hoima District Education Officer to officials of China National Offshore Oil Corporation (CNOOC) to buy the education department a vehicle. These companies are here to make money. You should be careful of making these companies appear like quasi governments.…
Want to make a difference to society? Educate people!
“Whoever is not educated won’t succeed. If they do, it is meaningless!” Mustapha B Mugisa, 2014. So, educate your relatives, friends and society. You will enjoy the fruits. If you have read my book on Amazon.com, you have seen how education is the best gift you can give to anyone. The challenge is many people still don’t appreciate the need for education even in this century! I would probably have remained in the village, like most of my age mates had it not been for my grandpa who gave me career advice that changed my life. When he learnt that…
5/20/14. News briefs Umeme to sell shares to individuals
34,000,000 shares are up for sale to individuals and will be traded at Ugx340 for every share a 5.56% discount from the current market price of Ugx360. Investors should also note that the usual brokerage charges 0f 2.1% will be charged on top of the amount of money they intend to invest. The $5 million worth offer opened at 10:00 am on the 13th May 2014 and will close on 30th May 2014. Foreign companies were barred from taking part in the trade of these shares. NUSAF projects commissioned Projects amounting to Ugx18billion under the Northern Uganda Social Action Fund…
Orange Uganda gives up, as MTN hits 9.5m!
Orange Uganda has finally bowed out of the Uganda market amid increasing competition, unpredictable regulatory environment and general high costs of doing business. Orange has registered limited success in Uganda since its official launch in early 2009, with a reported 620,000 thousand mobile subscribers as at the end of December 2013. As I wrote in January 2014, telecom is a numbers business. To break-even, a telecom company needs a minimum of 3 million subscribers due to high interconnect costs. Orange’s survival has been attributed to its flagship data service product – Orange Internet Everywhere. However, with the market leaders MTN…
5/19/14. News Briefs 9,000 ghosts cut off payroll
After the introduction of the decentralized salary payment system in January 2014, at least 9,000 files have been deleted from payroll. Minister of Finance, Ms Maria Kiwanuka told Parliament on 15th May 2014 that the system was intended to address problems that were detected under the centralized salary payment system. “The centralized payment system included ghost public servants,” added Maria. But the decentralized system has helped to solve the problems of ghost workers. This translates into the saving of approximately Ugx3billion per month. Pastor arrested over land title forgery Mr. Jimmy Kasadha, a pastor of Centre of Life Church in…
