The legendary Martial Artist, Bruce Lee, is quoted as having said: “Do not pray for an easy life; pray for the strength to endure a difficult one.” In these COVID-19 times, we all need to say this prayer. We are living in challenging times. There is nothing as worse as having a year of missing school. And that is not for just one class or a few students. But the whole country. Only very few lucky children of the middle and high-end class parents are attending school via zoom. It is these kinds of privileges and opportunities that keep some…
How to add impact to your country #mindspark
Many people who have transformed countries and governments, are not necessary government employees or public servants. They are usually private sector players who work with government as partners. From the United States to Europe, to Asia, to UAE. Governments support the private sector to create jobs and drive the economy. The tallest building in the world is located in Dubai. It is a Development by a private sector player working with government as a strategic partner. In the USA, tech giants like Amazon, Apple, SpaceX, Facebook etc work with government as partners. That is how the magic happens. Speaking to…
Countdown: 13 Days to the Uganda Banking Sector Report Launch
#mindspark #banking Do you want to know how banking affects your personal incomes and qualify of life? Attend our Uganda Banking Sector 2020 report launch. It’s the most comprehensive. Figure 9 is macroeconomic indicators and election cycles. What do you see? Report launch date: 14 August 2020, at 10am. To register, click here; https://mustaphamugisa.com/the-size-of-ugandas-banking-sector-2020/ Count down: 13 days to go. First come, first registered. Save US$ 5,000 it costs Bank Boards to pay us to present this report to them… by attending free webinar! NB: Can you interpret the graph below? What do you understand?
The manual bank of Uganda
#Mindspark Caller: Is this Mustapha B. Mugisa? x 2 Me: Who is this? x 2 Caller: This xx bank. Did you know these payments?? Me: Yes, I know those payments. Why have they delayed. We approved on Monday 27 July? Caller: We could not get you on phone? Me: What if I had travelled? Do you know those are staff salaries? And today is 1st August? Why not use WhatsApp or Email or SMS? Why not enable online banking and I approve electronically? Caller: We shall be there… Me: Ok, stay on the road. Keep moving in circles. We…
The cost of a day-off by any staff member
The number one reason many banks do not publish total expenses related to staff is to hide their staff inefficiency. A company with total revenue of say US $1,000,000 and total staff costs of US $300,000, can efficiently compute productivity as a ratio of staff costs to income. In this case, the total staff costs associated with staffing – basic salaries, bonus, allowances, benefits, and all costs incidental to staffing represent the input. In this case, you have an average staff productivity rate of about 30%. In reality, some staff are more productive than others. As a leader, you need…
Opportunities knock several times
The general belief in Uganda is that opportunities knock several times, and therefore no need to worry or hurry. You can always find and grab the opportunity! This belief manifests daily. You see young people screwing up chances and taking life so lightly oblivious of the many other people looking at their opportunities. I work with many chief executives of big and small businesses. The common complaint is the generally poor quality of staff in terms of work ethics and lousy attitude, leading to low productivity. Once someone gets a job, they relax and expect free lunch. You will see…
