Summit Consulting Ltd provides organizational toolkits and educative workshops to stop revenue leakages (forensics), sell more, raise employee morale and transform your organization by helping you identify and remove the corporate ‘fat’ (advisory). Corporate fat like lack of staff morale, bloated payroll, frauds and poor strategy execution lead to inefficiency and stagnating growth. And protect your intellectual property for confidentiality, integrity, and availability (security). Simply put, we help our client as follows: Stop Revenue Leakages. We implement proactive anti-fraud and proactive forensic solutions that make use of predictive models and analytics to give you a live 360 degrees view of your…
How to deal with sudden, the unexpected and abrupt shock or surprise.
“! I will leave this place and go to my father and say: Father, I have sinned against heaven and against you; I no longer deserve to be called your son; treat me as one of your paid servants.” – Luke 15:18-19 According to Murphy’s Law, ‘anything that can go wrong, will go wrong.’ This is a supposed law of nature. The Law will always hold, whether you like it or not. We all know very well that our friends, loved ones or significant others, will – at one time – in line with Murphy’s law, experience a very big…
Your three secrets to climbing the corporate ladder quickly
Getting a job is one thing and climbing the corporate ladder is another ballgame. It takes talent, strategy and hard work. It is common to find folks who have occupied the same position for over five to 10 years! That is called career stagnation. You risk being vulnerable to your current employer as your transfer price (extra pay to leave your current job) lowers due to real or perceived limited experience. The three secrets for your career progression are (i) Training, (ii) Exposure or Travel and (iii) Networking Training Does your job provide you with opportunities to gain new technical…
IFRS 15: Identifying a Contract
In April 2014, I got my first job as a subscription sales officer at one of the most selling local magazines at the time. The target was; three (3) subscribers per week. The objective was to have 5,000 subscribers by September 2015. At the time of onboarding, the company had an estimated 850 subscribers. We had a space of 5 months to close the deficit of 4,150! You know the excitement that comes with a first job. Here I was excited, at the same time afraid about the many needed subscribers. The job got me thinking about quitting on my…
Tool 51 of 104 is to become better parents
“Oh ya,” the boy went. “You see, at home, Dad and Mom, pay me Ugx. 2.5m monthly. They give me an allowance. Now if I am to come and start working, they will no longer pay me this money. This means I can join you only if you are paying me more and above what I currently get. The difference of Ugx. 500,000 is my transfer price.” A friend told me a story that was fascinating. She was invited at an interview at a financial institution to help recruit an assistant manager for a city bank branch. After interviewing…
How government is letting the country down!
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…
