Tuesday, December 23, 2014

Why Setting Goals is Not Enough: The Art of Execution

Set Your Goals! Here We Go Again!
Yes we know all that. Our coaches tell us to set our personal goals. We set the business strategy. We make New Years resolutions. Big deal!
So why, despite the enormous effort we put into goal setting, are we just not hitting them.

Because Goal Setting is The Easy Part
We get excited about new possibilities, new plans, new opportunities.
What a buzz! What an energy lift. And if we’re in a team, we begin to feel great about each other. But then what? We get busy, we put the plan away. Stuff comes up, priorities change.

Excuses, excuses, excuses!
The Key Reason You and Your Business Have Still Not Reached Your potential. Three words, that simple. Failure to execute-An unwillingness or inability to take action. Come on, you know you need to save, to invest; you just haven’t got around to it yet. You know you need to exercise every morning you just haven’t got around to it yet.

So What Leads To This Failure?


An inconsistent approach to execution and the “Big Bang” theory. Waiting for your big bonus before you begin to invest or take your big holiday and get your health back in order, rather than lots of mini vacations everyday.

Gong! Thank you for playing.
It’s never the “Big Bang” that will save you. It’s consistent small incremental steps, done on a daily, weekly, monthly basis that gives you your success.

So How Come You Don’t Take Action?
Well, It’s not really you’re fault. It’s your chemistry, your DNA, your hard wiring as a human being. You and everybody else on the planet are absolutely wired to avoid pain at any cost. Pain takes you out of your comfort zone. And these new actions for goal achievement are out of
your comfort zone.

Although you start to execute, with the greatest and most noble intentions, the first bit of stuff that stops you, wham! Into a brick wall, and you stop. And you do it over and over again, in so many aspects of your life and your business. In fact you become habituated to starting, stopping and failing.

But What If Everything I Said Doesn’t Happen For You Or Your Business?
Okay. So I’ve been a little harsh. You and your team are real doers. You continually push past the “inconsistent gene” and continue to take action. But you’re still not getting the results you could!
So How Come Despite All Our Great Actions We Still Don’t Get Results?
Once again very, very simple.

You just don’t measure.
The sustainable path to productivity is goals, followed by consistent actions over time, which are measured against progress towards your goal. Venture capitalists call this ‘Execution Intelligence’.
A leader’s track record of consistent results over time, irrespective of the industry they are in. This is the path to profitable, sustainable growth. The catch cry of every hot blooded entrepreneurial spirit.

How do I grow this puppy?
But I Am Measuring, We Do Measure and We’re Sill Not Achieving?
Well guess what? We’ve got an answer for that one as well. We measure too many things. We get so bogged down with data, the integrity of data, the timeliness of data, the interpretation of data. Doh! As Homer Simpson would say. And The Answer?
Only measure a few critical things in your life or your business. The Critical Drivers or measures that lead to your goals.

According to Brian Tracy, here are four simple measures:

1. Business & Career
Hourly Rate (Divide your take home pay by the hours worked in a year. This assumes you get paid according to the value you bring to the market place).

2. Family & Relationships
Face Time (The actual hours spent with family doing the mundane and the fun stuff . Kids spell love T.I.M.E.).

3. Money and Investments
Burn Rate (How much money I have as cash over the current lifestyle spend rate. E.g. if you have $200,000 cash and you go through $100,000 a year, your burn rate is 2 years).

4. Health & Fitness
Waist Size (This is a very “blokey” measure, but a more reliable one than just weight. You can put on a lot of kilos in muscle and look even better).

What’s my point? My point is get 3-5 measures for your LIFE, your TEAM, your BUSINESS. Educate people about these measures and use them as feedback towards your goal. So What Should I Measure In My Business?
Measure the critical success factors.The way to do this is brainstorm.
What are the things that go wrong when we have a bad month?
When sales are down, when the numbers aren’t hit. Most times what shows up in July was most probably caused in March or April.

For example if you’re a professional services firm:
# of Client Calls
# of Action Plans (Proposals)
# of Marketing Initiatives
# of time spent coaching your people

Just as long as the drivers are Business Critical.
Keep Asking the Following:
What happened that should not have? What didn’t happen that should have? Until you come up with some key drivers that everyone knows.
In fact, in ‘Good to Great’ they talk about One Big Number.
For example a retailer it could be “profit per square meter” which obviously has a number of measures which lead into it.

Sorry. We do all that!
1. We set the goals
2. We take consistent incremental steps towards them
3. We measure our progress with Key Critical Drives
And we are still not progressing as well as we want to.
“Ah! Here’s the rub” - It’s useless to measure, or survey or collect data if your not prepared to correct or change.

But Our People Do Correct!
You bet they do, but mostly they correct the plan. The goal. Because they’re not hitting the numbers they blame the numbers. Or even better, the nasty Senior Manager that “forced” them to write these impossible numbers in the first place. So one of our major problems as human beings or business is we dilute our goals. We rationalise and justify our failures by blaming the goals as not realistic.

Don’t change your plans, change your execution.
Never, never, never give up. Try a different way, a different method, a different person, a different strategy.
But don’t give up on your goals, particularly you’re personal goals.
This is your life!

So The Next Obvious Question is Why Do We Give Up Or Water Down Our Goals?
Quite simply, Belief. That’s right, there’s a part of us that just doesn’t believe we’ll hit our goals. And it wants so badly to succeed, it would rather change the goal and hit it, than fail. A lack of optimism makes us dilute our goals. And yet, beyond our greatest fears and doubts are our
greatest possibilities and freedoms.

This Is Where Leadership Comes In. Leadership for you personally and in the business. A leader faces reality, but never gives up hope. Leaders are dealers in hope. But, it’s not just hope or optimism, it’s also skill.
You see, if you or your team don’t have the skill to implement, then why did you set the plan in the first place.

Hope is not a methodology.
So when it goes wrong you can either fix the blame or fix the problem.
And the reason we got so excited about your plan, your Strategic Plan, where you all got great joy out of working on, this very important, very senior “business stuff ” is because it made you feel important for one brief day, workshop or off-site. You actually felt like a leader. Perhaps you were. But What If You Were Kidding Yourself Along with Everybody Else on Your Team? What if you were actually lying about your ability, the team, the business, to really be able to execute. It’s not that you lied, you just didn’t face the reality of the situation. Didn’t admit to feeling like an “impostor”. Pretended to understand when you didn’t because you didn’t want to appear dumb. Or just said yes because you wanted to go back to your “patch” and just get on with it.

The reason we often don’t meet our goals is our in built denial to tell it how it is. Never underestimate the power of denial.
We in fact sabotage goal achievement by telling ourselves lies, or by not facing the truth or “what is”. The “What is”, “What Ought” Gap
We continue to define the problem as the “Gap” between “what is” our current reality and “what ought” to be in the future. We label this the problem or we put new age terms on it “the challenge”, “the opportunity” and then we try to bridge the gap.

How Do We Try To Bridge the Gap?
Our old “lazibonesness” kicks in. With one large massive action. One big sweep. And it’s just too much to carry out. So what’s the key?

Just keep asking yourself the following:
“What’s one thing I can do today to move myself closer to my goals?”
What are things I can do to improve the situation? You didn’t get into your current situation by one big action, and you won’t get out of it either. It’s a series of steps, consistent, daily, predictable steps.
“What ordinary things consistently done well will produce extra ordinary results?” Continually look to improve things on a daily basis. The Problem “What Ought” to be in the future “What is” at present.
So Where Do I Get The Drive To Improve Things on a Daily Basis? In a word - Optimism.

Having worked with many entrepreneurs and senior leaders, this seems to be a trait of all constant ‘daily doers’. Not an over the top ‘rah, rah’, but an absolute belief that things will work out okay if I keep up the small stuff .
Of course the optimism needs to come from a sound business plan in the first place. A plan based on what the market really wants. The market is always right. If they don’t want your product or service, they won’t buy it. Yes I know the taste tests were excellent, the focus group before the launch had very positive results and all your friends and family said your idea was a winner.

But your family and friends don’t love the product. They love you.
It’s you they don’t want to disappoint. And you seem so wrapped up in your idea. What you could be suffering from is a case of G.A.G.I (Go out And Get It). That is go out and get new customers, market share and sales.
But what you really need is a good case of F.O.W.T.W (Find Out What They Want). That’s right, real optimism comes from basing your goals or something your client really, really, wants.

So How Do I Find Out What Clients Or Customers Really, Really Want?
Well you need to find out where your client or customers are hurting. This will always be the most pressing need. We all want to get better. But in times of pain, it’s pain relief and not health we are after. The quick fix.
We are more motivated to take an aspirin than the vitamins when we’ve got business headaches.

So the other reason why Strategic Plans are so flawed is they are often “disguised” aspirins wishfully looking for pain in the marketplace, rather than targeted medication for clearly identified pains. And, if at the core, your Senior Executives don’t really believe (optimism) that there is a real pain in the marketplace that you can alleviate, part of them will never really get 100% commitment to the plan or take consistent action steps to achieve it.

We only water the gardens we believe will grow.
Once even a small part of us stops believing in the goal, the strategy, the dream, the garden, our “psychological energy” is diminished.
Age wrinkles the skin but quitting wrinkles the soul.

Some Final Thoughts In Achieving Your Goals and Making Your Strategy Come To Life.

1. Rewrite your goals everyday, at least your top ten. Remind your team daily of the Top 3.

2. Make a plan everyday to do at least one action that will move you closer to your goals.

3. Have someone be accountable on a daily or at least a weekly basis. (This is the biggie).

4. Go out and make mistakes and admit when you do. Don’t protect, correct. A mistake is not a sin unless it is not admitted.
Hang around with optimists, believers who are doers. As Tony Robbins says, “we are the sum total of our five closest associates”.

And Finally the Most Important Lesson of All
Remember you are not your failures, nor are you your success. You are you. We love you for who you are, not what you do or what you have or haven’t achieved. You are not what you do.

At a party last month, someone told me their best friend committed suicide. A husband, a father, a businessman who had gone broke and couldn’t face the shame, the humiliation.

Never let your net worth equal your self worth. Keep working on yourself, enjoy the journey, be gentle on you and your mistakes, but keep it up on a
daily basis. If you want to make a great living work on your business. If you want to make a fortune, work on yourself.

So there we have it, a bullet proof plan for hitting your goals. Will you do it? And if you do what will be the last thought that goes through your mind before you die? Wow! That was spectacular.

Summary Points:
1. Set your Goals or Strategy
2. Create an Action Plan to achieve this
3. Do consistent actions on a daily basis
4. Measure progress towards your goals
5. Don’t have too many measures
6. Get honest with yourself and your team about the “what is”
7. Unleash your unbridled optimism
8. Base your optimism in real market needs
9. Go for pain alleviation
10. Admit your mistakes
11. Don’t equate your success with who you are
12. Make your life spectacular

Source: thehumanenterprise.com
image: wikihow.com

Thursday, December 11, 2014

STORIPOT LAUNCHED AMIDST CHEERS

Storipot homepage


If you dont remember,  it started a few months ago. These dudes at dignited.com took the burden upon themselves to curate all Ugandan blogs. They asked us and we responded and  that time we tagged #UgBlogs in all our blog posts.

I didn't know that it was going to be massive. What has swept me off the ground is the name. Thumbs up for whoever came up with it. It clearly depicts our heritage.  A pot  does all kinds of stuff.. from cooking to the obvious one- storage.

Now storipot is a collection and storage of all Ugandan blogs. To be more precise,  consider it as a supermarket where you shop freely for all Ugandan stories  from technology,  business,  politics to lifestyle.

After months and months of this pregnancy and enduring the unimaginable labour pains,  the baby has come out and on the 10th of December the baby was unveiled to the public at exactly 11:30pm


For now,  you can forget about google or allafrica.com and embrace our very own new kid on the block.

www.storipot.com  is that place.  Its only the blind (those people that the bible says cant see though have eyes) that can't see that the future belongs to storipot.com.

Image: dignited.com

Tuesday, December 9, 2014

6 QUICK TIPS FOR PREPARING BOILED SAUSAGES



Last night I was in a serious sausage mode and felt like this time I should prepare them on my own at home. I must admit that I have known only two methods of sausage preparations that is deep frying and roasting. But for some reasons I was not ready to go through that ordeal of sitting, watching and turning them until they are ready, so I opted to try out something that I have never seen anyone do before. its not rocket science and anyone can do it.
below I share the six quick steps for preparing boiled sausages this festive season

 
Requirements:


 ½ kg of sausages

1 tomato

1 onion

Curry powder

Cooking oil

500mls of water

Salt and wheat flour

1.      Slice the tomato and onions into small pieces.

2.      Meanwhile, place the sauce pan on a cooker at around 60⁰c

3.      Add 2 or 3 tablespoons full of cooking oil in a saucepan leave it to burn until ready

4.      Carefully place in the onions and add tomatoes after 1 or 2 minutes and stir gently until they are ready.

5.      Add curry powder and a little salt, stir and add water and a teaspoon of wheat flour.

6.      And finally add in your sausages and boil for 10 to 20 minutes.

Your sausages are ready and you can serve with salads.

Please note that wheat flour makes water a bit thick this prevents the outer layer of sausages from peeling off.
 
Image: Hood Ssuuna

Wednesday, December 3, 2014

TOP TEN MOST VALUABLE TV NETWORKS IN THE WORLD


Television networks are becoming increasingly competitive. However, these top 10 networks remain to be the biggest in terms of value.

10. CNN: $6.1 billion

Founded by media tycoon Ted Turner, Cable News Network (CNN) has grown from being the first channel able to provide news coverage 24 hours a day, to having international news counterparts in key cities around the globe. CNN is the most widely distributed television news network, reaching viewers through the television and web as well as mobile streaming. CNN is also watched by more than 260 million viewers outside of the United States. CNN’s shows contain a variety of news programs, encompassing politics, world news, morning news, live interviews, medical news, documentaries, human interest stories, money, and foreign affairs.

9. ESPN2: $6.9 billion
Viewed in 89 million homes across in the United States, ESPN2 is one of the most valuable sports television networks in the world. While it was originally created to cater to younger sports fans during the 1993 launch, it has been rebranded to continue as another mainstream sports channel for its mother company, ESPN. ESPN2 is also the home channel of ESPN for tennis coverage, which showcases the big tennis events in television: Wimbledon, the US Open, the French Open, and the Australian Open.

8. Discovery Channel: $7 billion

Discovery Channel has come a long way from being a single channel entertainment company in 1985 to having 28 entertainments brands showing in over 100 channels across the globe. The channel enjoys an audience of over 1.5 billion subscribers, showing an extensive array of non-fiction television shows. Some of its brands include the Animal Planet, Discovery Fit and Health, Velocity, Destination America, The Learning Channel, and the Military Channel.

7. MTV: $ 7 billion
The New York-based cable television channel MTV was originally conceptualized as an outlet for music videos playing 24 hours a day targeting young adults, way back when it first aired in August 1981. Television personalities known as video jockeys would host MTV’s shows, providing information on bands and music. Today, MTV no longer plays just music videos, but a whole other mélange of shows relating to pop culture, including reality shows, and live concert broadcasts including the popular MTV Unplugged. MTV’s main audiences today are teens, and the company has spawned international channels in Asia, Europe, Africa, the Middle East, and the Americas.

6. USA Network: $7.7 billion
USA Network grew a long way from its humble beginnings when it first aired in 1971. Its popularity and development is mostly due to original shows, including La Femme Nikita, Royal Pains, White Collar, Suits, and many more. The channel also airs Universal Studios movies as well as reruns of the Law and Order television series. USA Network is also known to feature regular airings of WWE programs, including Monday Night Raw,  A.M. Raw, Tribute to the Troops, and the WWE Hall of Fame. Some countries in South America including Brazil and Argentina had their own USA Network channels, although these were eventually renamed to Universal Channel in 2004.

5. Disney Channel: $9.3 billion
Targeted at pre-teens, young teens till 14, and preschoolers aged 2 to 6, the Disney Channel’s programming was originally intended for families and children. However, the recent years saw a diversification in their offerings, and now the channel counts adults and teenagers among their roster of fans. The Disney Channel offers seasonal programming blocks, or a different them recurring every summer, Christmas, New Year, and October for Halloween. Sister companies of the Disney Channel include Disney XD (Extreme Digital), which is aimed at young males aged 7 to 14, and Disney Junior. The channel today already has established counterparts abroad, in countries including Hong Kong, Australia, the Middle East, Scandinavia, Ireland, the Caribbean, and the Netherlands, among others.

4. TBS: $9.6 billion
Owned by Time Warner, TBS primarily shows reruns of sitcoms and its own original comedies, although it doesn’t show news. TBS is responsible for the comedies Cougar Town, Who Gets the Last Laugh, and Sullivan and Son. The daytime hours show reruns of comedy classics which include the Fresh Prince of Bel-air, The King Of Queens, Everybody Loves Raymond, Seinfeld, and The Big Bang Theory. TBS also famously shows a number of feature films from sister companies New Line Cinema, Warner Brothers, Columbia Pictures, Paramount Pictures, and Universal Pictures.

3. Fox News: $11.4 billion
The Fox News Channel is owned by the Fox Entertainment Group, which is currently subscribed to by over 102 million people in the United States and abroad. The channel airs 15 hours of live shows per day, with video news clips also available on the Fox websites. Fox news shows are also carried by international counterparts abroad in countries such as Brazil, Italy, the Netherlands, Pakistan, New Zealand, United Kingdom, Australia, and Canada.

2. TNT: $ 13 billion
The Turner Network Television, a subsidiary of Time Warner, has a focus on drama in its television series and films although they also show professional sports broadcasts. Its daytime hours mostly show drama reruns which include Law and Order, CSI: NY, Supernatural, and The Mentalist. Original TNT shows include Heartland, Memphis, Trust Me, Wanted, and Witchblade, among others. Feature films are an important aspect of TNT shows, as they also include films from sister companies Warner Brothers, Columbia Pictures, Touchstone Cinemas, New Line Cinema, and Universal Pictures.

1. ESPN: $25.6 billion
ESPN takes the cake for the most valuable television network in the world, with its range of sports-centered talk shows and live broadcasting making it one of the most-watched and successful channels. ESPN stands for the Entertainment and Sports Network, and was founded in 1979. Sportscenter is the channel’s original flagship show, which is a daily sports news show bringing viewers the latest in sports news and events. Among its documentary style and television talk shows focused around sports are its other shows Baseball Tonight, Around the Horn, Outside the Lines, Sunday NFL Countdown, College GameDay, Pardon the Interruption, and SportsNation.

SOURCE: therichest.com

Sunday, November 23, 2014

WHY DO MAIDS MISTREAT OUR KIDS


An Indonesian maid that was mistreated and battered in Hong Kong
I have been greatly disturbed and saddened by the excruciating violence of the house helper towards the innocent child we witnessed in an unknown video that has gone viral on the internet. The kicking, slapping and her 50kgs over the helpless child are unbearable and the video was not for the faint hearted to watch.

I must admit that I have also had a second opinion about publishing this article after seeing the chastisement people with divergent opinion have been subjected to especially to Nakyeyune Joweria   who is also an aspiring MP for Kawempe North come 2016. Some of my friends have come up and warned me fearing that am putting my life in danger. After a second thought I have decided to publish it hoping you’ll find it helpful before hiring your next maid.I have also thoroughly edited this article to make it politically correct.

As usual Ugandans took on the social media to give their opinions about this barbaric act, and here is what they had to say;

Sheebah: Awww....Poor Girl....This Is Unforgivable. You Don’t Deserve Rotting In Jail, Death Is The Quickest Escape To Monsters Like You. You Deserve To Be Tortured The Same Way Every Day Of Your Miserable Life Until You Die. If I Found Some 1 Doing This To Any Child...I Swear To God...This Is Just Wrong. Bwoba Okoye Okola Genda...Than Torturing An Innocent Soul. #‎AmSoPissed Hope This Baby Is Healthy Cause I Doubt This Was The First Time.

Beth Mugisha: I visited a friend, and was in shock when I saw her yelling at her maids and cursing them. Previously she had confided in me about how she was being mistreated by her husband and how her maids never last long. And she didn't know why. I thought to myself.. Maybe she needs to look in the mirror..she will get her answer. Wise words Lil

Wasswa David Sorry week for children in Uganda. First was kidnap from school, fatal accident at KCCA and brutality by househelp against helpless child. These beautiful children's hope is ALIVE #‎GODsaveOURchildren #‎DestinyAlive

Joy E Mbabazi Not a mother yet myself but this crazy maid battering a helpless child is insane and torturous....pray the baby pulls through safely.#‎one love#we can make it a better place for our children and i.#‎For God n ma Mama heart!

Ortega Ian Urban Ugandans are practically ferrying other Ugandans from their villages, some of them underage and imprisoning them in their homes as hard laborers for little or no pay at all. May be we need to take some good part of the blame in the making of this culture.

Before we jump on the wagon calling for this lady’s head, we need to objectively ask; why does such a nasty thing happen? We should focus more on the cause other than wasting our resources treating the symptom. Lyll Mykk a popular Ugandan gospel rapper who is currently touring Rwanda believes that this is bigger problem than we think and here is what he posted on his page upon hearing the news.

Lyll Mykk Good morning Uganda! You and i have been disturbed by the violence of the house maid towards the helpless child. The slapping. The throwing. The thrashing. The kicking and that weight on the poor baby. She stepped on the baby. I know she must pay a price for her crimes but even if she is locked away for a life time that is not going to stop things like that from happening again. I like you to look at it this way. That maid to me had a terrible hunger. She was getting even. Like vengeance of some sort. I think that brutality. That cold heart was as a result of mistreatment from her employers. Believe me you House maids go thru hell in our homes on the daily. Am not trying to justify her actions but my concern is if we have to stop what she did from happening in our homes to our own children then treat those maids with Love and they will in turn show love to your children and property. #‎LyllTalk

Kakensa Henry Ndugwa I think MPs who have seen that clip of a housemaid torturing a toddler should now consider starting to discuss the minimum wage bill. Yes, I know this woman behaved so inhuman and i condemn her act, but with minimum wage even low income earners like maids shall love their jobs. When someone loves what he does, he puts in a lot of effort to save that job. This is why our sisters leave Uganda and go to Diaspora to work as maids, this is why our brothers leave Uganda to go and work as askaris, this is why many people left Uganda to work as nurses and teachers elsewhere whereas we need them in Uganda.

On the other hand, considering the way that woman treated a child, I suppose she was working in the Arab world where our sisters claim to be tortured as maids, What would the Arab family have done to her after seeing this video? Thats why sometimes tetusaanye kusala gwa kawala. Something still tells me she is mad. She has a psychiatric problem. No sane person does that even if offended to the maximum.
Please bear in mind such capital offenders are subjected to psychiatric assessment before trial. Dont be surprised if she ends up in Butabika instead of Luzira

Ortega Ian "The culture clash between domestic workers and their employers is bound to continue in its vicious cycle of abuse and retaliation until society identifies the mistreatment as a social problem, recognizes domestic workers as integral and valued members of their homes and Ugandans unite to halt the abuse on personal and policy levels. According to Wainaina, “unless [the house girl’s] opportunities are expanded and she is empowered socially and economically, she is doomed to occupy a pariah cultural position in the country’s socio-cultural mix”. This desired change within society to acknowledge domestic workers as “home managers” who work with the heads of house rather than under them must begin on a grassroots level, beginning in individual homes and working its way upward into the upper echelons of policy makers who can make legislative contributions to the protection of domestic workers."

Ortega Ian The punishments many Ugandans are prescribing for that House-maid is proof enough that we are inherently violent, very emotional and will act out of anger and do anything stupid when our emotions over-ride our logic.

Someone suggested that she be shot to death, another suggested that her head be chopped off. Goodness. Yes, this lady is a perfect mirror image of our hidden violent nature.

You can tell a lot about Ugandans by watching the maid, watching the little girl's reactions and then reading the comments from various Ugandans.

1. We are very sensational as a country. We jump on the next big thing, pour out our anger, then forget about that when the next big thing comes up.

2. We always transfer our anger to the innocent and to those weaker than us. Usually anger accumulated after suffering at the hands of those stronger than us. The maid transferring anger to the baby.

3. We are used to suffering in silently. We have accepted our pain as normal. We have accepted many evils as normal. Thus, one will see a Policeman take a bribe, but one will continue minding their business. A teacher will beat a student and a student will suffer in silence.

4. We are very sensational, very emotional. This explains the growth in Tabloid Newspapers and yellow-journalism. We can't get any satisfaction. We are always looking for something to feed our inner desire for sensational things. Days back it was the girl killed by a KCCA vehicle. Now no one remembers that. Days back it was Andy Mwesigwa. Days back it was Desire Luzinda. Let's keep feeding.

5. We coil back at our own shame as society when we see that shame exposed. Many of us see our maids as third-class; treat them as that think we are doing them a favor. Many of us are violent. Just read the punishments being prescribed by those commenting. No one even suggests a mental-check-up in the first place.

Finally, I can say, President Museveni is a mirror reflection of our culture and behavior as Ugandans. Everything I see in Museveni and in the news is a perfect description of Ugandans.

Image: bbc.com




Friday, November 21, 2014

THE RICHES OF CARLOS SLIM

 
By Adam Hayes.

What do you do with your money when you're one of the world's wealthiest individuals?

Mexican entrepreneur Carlos Slim Helú is a self-made man, the son of Catholic Lebanese immigrants to Mexico. Today, he is the chairman and CEO of telecom giants Telmex and América Móvil. He has amassed a net worth upwards of $80 billion and often runs neck and neck with Bill Gates as the wealthiest man in the world.  Slim confesses to prefer "the simple life,” and his lifestyle may seem less extravagant than other billionaires. Still, Slim has been a savvy investor and businessman making sure that his fortune continues to grow.

A man like Carlos Slim doesn't just keep billions of dollar bills stacked in a vault someplace. Here is where this billionaire stashes some of his money.

Investments in corporations

Slim holds stakes in many Mexican companies through his conglomerate, Grupo Carso. (The name 'Carso' stands for Carlos Slim and Soumaya Domit de Slim, his late wife.) Carso has accumulated a global portfolio of investments in companies dealing in communications, real estate, construction, airlines, media, technology, retailing, restaurants, industrial production, and finance. Currently Grupo Carso has a market capitalization of over $12 Billion.

Slim serves as the chairman and CEO of telecommunications firms Telmex and America Movil (AMX), with a market capitalization of over $80 Billion. Slim also has investments in various South American firms in Brazil, Peru and Colombia, including a controlling interest in Banco Inbursa.

Real Estate

Carlos Slim lives in a “modest” 6-bedroom home in the Lomas de Capultepec district of Mexico City, close to where he grew up, that has been his residence for over 40 years.

In Mexico, he owns over 20 shopping centers, including ten in Mexico City, and operates stores in the country under U.S. brands including Saks Fifth Avenue, Sears and the Coffee Factory.

Slim also owns the Duke Semans mansion (also known as the Benjamin N. and Sarah Duke House) on Fifth Avenue in New York City, one of the largest private residences in all of Manhattan. Paying a reported $44 Million for the property in 2006, it boasts over 19,000 square feet including 14 bathrooms, 12 bedrooms covering 8 stories. The property is included in the national register of historic places.

Carlos Slim has been reported to have acquired 417 Fifth Avenue, an 11-story office tower for $140 Million and also a piece of the former New York Times building on West 43rd street. He also has approximately 8 acres of prime Beverly Hills real estate at the corner of Wilshire and Santa Monica Boulevards. (For more, see: The Everyday Lives Of Frugal Billionaires.)

Planes & Automobiles

Carlos Slim's every day car is a custom Mercedes 4x4, which he likes to drive by himself even through heavy Mexico City traffic, and a beefed up Chevy Suburban for more rugged occasions. He also owns a rare Bentley Continental Flying Spur, a powerful luxury sedan few mortals can easily afford.

Though he eschews a private jet, Slim does fly occasionally on commercial airplanes, and sometimes he rides in the Telmex helicopter. (For more, see: What The Rich And Powerful Have In Common.)

Collectibles

While it's certainly an achievement to own one-of-a-kind real estate and rare cars, it is another to own precious, irreplaceable collectibles.

Named after Slim’s late wife Soumaya Domit, the Museo Soumaya opened in 2011, and features over 60,000 works of art by renowned artists like Rodin (he has over 380 Rodin works), Leonardo da Vinci, Picasso, and Renoir, as well as by Mexican muralists Diego Rivera and David Alfaro Siqueiros. Carlos Slim spent around $34 million to build the museum which was designed by architect Fernando Romero. This is also where he keeps his collection of rare coins, historical documents and religious relics. The artwork and artifacts inside are worth almost a billion dollars. Distributed between six main exhibition rooms, it is one of the largest museums of its kind in Latin America. The Soumaya Museum individual pieces and collections. Much of the museum's holdings are from Slim's own collection.

At home, Slim sips out of rare hand-carved and blown wine glasses by Baccarrat, which were owned by Porfirio Díaz, president of Mexico from 1876 to 1911. (For more, see: 6 Spending Tips From Frugal Billionaires.)

Transfers to His Children

Recently, Carlos slim has been allocating chunks of his business empire to his three sons and three daughters. Rather than simply handing his children cash, he is carving up and giving control of his businesses to them to run. Because Slim is in his 70's, this sort of estate planning ensures that his companies and wealth will continue to grow even after his death.

Philanthropy

Though Carlos Slim has more money than nearly everyone else on earth, he also gives away more money than nearly an individual on earth.

Fundación Carlos Slim, Slim's namesake charitable organization, focuses on philanthropy throughout Mexico and Latin America. Carlos Slim has contributed $100 million t Through Slim's Fundación Telmex the billionaire contributed $100 million to former President Bill Clinton's effort to fight poverty in Latin America. Slim also donated a similar amount to The Latin America in Solidarity Action Foundation (ALAS), a non-profit formed by businessmen, artists and prominent citizens to improve the health and education of Latin American children. In 2007 Slim created The Institute of Health Carlos Slim (ICSS) to improve health outcomes in Latin America. Perhaps because he is a secret lepidopterist, Slim donated $50 million to the World Wildlife Fund for the restoration of six endangered animal species in Mexico, including the monarch butterfly.

In 2000, Slim and ex-broadcaster Jacobo Zabludowsky organized the Fundación del Centro Histórico de la Ciudad de México A.C. (Mexico City Historic Downtown Foundation). According to his personal website, the goal of this foundation is to revitalize and rescue Mexico City's historic downtown area to enable more people to live, work and find entertainment there. (For more, see: 5 Billionaires With Multimillion-Dollar Pet Projects.)

The Bottom Line

For Carlos Slim Helú, savvy investing in a diversified portfolio of financial assets, real estate and collectibles helps to ensure that his wealth will continue to grow. But beyond that, his philanthropic mission to donate much of his wealth to that help better his home country of Mexico and Latin America may be his biggest investment and certainly a lasting legacy.



Adam Hayes is a regular contributor to Investopedia - a premiere resource for investing education, personal finance, market analysis and free trading simulators. He has a keen interest in the financial markets, economics, the value of prudent money management and a real desire to educate and help others to succeed financially.
 
 
 
 
 
 
Image: sondevir.com

Monday, November 17, 2014

THE RIDDLE OF PRIVATE IS BETTER!!


Most of us are more likely to chose private over public
 If you live along Jinja highway and you have been observant, am sure you have noticed that 8 of the 10 sirens belong to the ambulances. Surprisingly we have more “private or donated by” ambulances than the entire government has provided.

These days its very common to find our hospitals and health centers occupying the best buildings yet lack basic requirements to treat minor infections hence giving referrals to private clinics and pharmaceutical shops which are adequately facilitated....Private is better.

 Recently the government decided that this country should be filled with scientists therefore enforcing science subjects on every male and female that decided to enroll for the local curriculum. The amazing thing is that public or government schools lack the facilities to make sure that this directive is successful. As a matter of fact am yet to find a fully public school that embarrasses me with good performance...Private is better.

The government is also a firm believer that “Private is better” That is why they thought that Uganda Electricity Board(U.E.B)- a national utility enterprise will be managed better by a private non utility company (UMEME).

That is why they thought that the aviation industry was better off minus a national carrier, believing that private airlines will do that job better.

That is why public buses or passenger railway wagons are no more and the burden to sort it out has been given to Rift Valley Railways, UTODA or Pioneer, all private companies....Private is better.

 Private security companies transport our monies, guard our banks, man our properties including government premises. Our national bank was disposed off to foreign private bank, our collateral and cash is kept in private banks, we educate our children in private schools and we go to private clinics and hospitals......Private is better.

Before it became an authority, Kampala City Council used to hire private contractors to maintain the roads though they had all the equipment rotting in the store.....Private is better.

Non Government Organisations (N.G.Os) are everywhere, some look after the widows, some promote good hygiene, others take our orphans to school, they feed the hungry, we have trusted some with our marital issues....Private is better

Soon we will have an Alternative Private Parliament for the People of Uganda, Private Association Against Fake Goods, Private cooperation fighting errant drivers and road accidents and I cant rule out private companies merging to form a National Private Defence Army or Private Nationwide Police Force.

 Why.....  Because we have been made to believe that “PRIVATE IS BETTER”..

Image 1: aidnography.blogspot.com
Image2: beyondpln.com
Image3: seoblog.com
 

 

 

 

Wednesday, November 12, 2014

K2 TELECOM, STRATEGIZE OR DIE OUT


I must admit that I was compelled to write this after reading an article on dignited.com about how Smart Telecom is the new Warid based on their unrivaled data packages.

Every company or person that plans to enter into a new market has to come with a well executable strategy on how to identify potential clients and eventually woe them to use their product or service. The greatest battle that this country has ever witnessed was probably between these two giant multinational corporations of Coca-Cola and Pepsi Cola. I would have detailed that more only that I was way too young to know how Coca cola a new entrant managed to take over the soft drink market.

As the management at Pepsi was still puzzled, wondering how they lost their market share, another similar war was happening somewhere else. This time in the telecommunication sector (mobile to be specific). Before its entrance, MTN had realized that people need affordable handsets and cheap call rates. And that’s what they capitalized on as opposed to Celtel who charged in dollars for their handsets plus both for the incoming and outgoing calls. This rendered Celtel a preserve for the super-rich.

Though MTN marketed itself as an affordable network, still their tariffs were way too high for an ordinary Ugandan. Perhaps that is why when Uganda Telecom ventured into mobile under MANGO didn't look for another marketing strategy other than Cheap and affordable. They further went ahead to say that MANGO actually stood for Most Affordable Network Grown Over Uganda. For the very first time, a Ush 4000 and Ush 2000 airtime voucher was introduced on the market in this country, service fee was not a requirement and MANGO JAZZ- a profile that offered as many free minutes at only Ush 1000 for on net calls was introduced. This strategy paid off as many young people found UTL a refugee from the dubious charges of Celtel and MTN.

Cheap and affordable must be the only language to reach out and breakthrough because Warid also capitalized on the same strategy with Mega Bonus - a version of mango Jazz to grow its subscription. When Orange realized that there is no way it’s going to come out alive from this cut throat competition over the voice platform, they decided to market cheap data- a platform that had been vehemently ignored by these three market leaders hence surviving up today.

Smart telecom entered the already congested market through the acquisition of Smile, a company that was on its death bed. Like Orange Telecom, they are vigorously reaching out to us with very cheap data bundles never witness in this country before as illustrated here http://www.dignited.com/10722/smart-telecom-uganda-internet-bundles-show-new-warid-data-services/. And because of them I am able to save almost 90% of my expenses on data. If they continue like this, am more than persuaded to believe that they will have a half of the data market in a year's time.

In the last five chapters, I have been illustrating the strategies, the known telecoms have applied to be relevant, grow subscription and survive in this ruthless market. Among all, I have found none that K2 is embracing. It should be noted that China is growing because it is meeting peoples' desire for cheap goods, other than that I have a question to the K2 management and I hope someone will recommend or forward this article to them.

K2, what is your strategy for staying relevant, growing subscription and surviving in this market where the law of the jungle is master?

 

Monday, November 10, 2014

WHAT YOU DIDN’T KNOW ABOUT DR. MYLES MUNROE

I must say that I knew the existence of this great man right since 2009, I saw him a couple of times on TV though I never took time to listen to what he had to say until two years back when I decided to expose myself to his literature.
This man had an extraordinary story of hope, courage and triumph, a story that has the capacity to bring lives out of despair. A matter of fact his story can light extinguished candles of hope in many lives.
Like many of us, this hero began his life at a disadvantage. He was born poor, sleeping on the floor in rags in a 2 bedroom wooden house that his dad had built for the family of 11 children where he comes 6th, in a lowest income end neighborhood of Benji- a village in the Islands of Bahamas.
Dr. Myles was a very inquisitive child, asked more questions and because of his passion to know, he gained more knowledge than any of his siblings. He grew up struggling with self-worth battling the idea of being valuable and feeling important because of the circumstances at that time.
Though poor, Pastor Myles was blessed with wise parents because when they become aware of the struggles of their children, they acted fast. They knew that they couldn’t afford to give them material things that they needed and the comfort that other families enjoyed, so they gave them knowledge of principles which were derived from the Bible. They conditioned their lives around that book and argued them to believe in themselves, to believe that everything is possible and that they can accomplish and achieve whatever goals they desired.
At the age of 13 years, he had an encounter with Jesus and he believed until his death that it was the application of these principles that made him who he was.
He believed that legacy is not the number of buildings and products you have left rather the impact you have had in peoples’ lives. At the World Conference 2014, he spoke about “how to die effectively, live beyond the grave and how to secure your legacy and pass it on”. He believed that your character is what you leave for people.
This is a question we should all answer rhetorically, if we die, what legacy will we leave behind? Remember Jesus never had a single building and as of now after over 2000 years, He has over a billion subscribers and still counting, yet he started with only 12.
R.I.P
Dr. /Pastor Myles Munroe
For sure your legacy will live on and on.

Thursday, November 6, 2014

WASTED TALENTS (GUEST POST)


Written by Gadri Sheriff
 
Everyone has a talent, I have no doubt about that, some people die unfortunately without realizing they have one, some realize it but because of circumstances they never get up to manifest themselves..

The world would be a better place if only people would understand how special they are and embrace it. God did not create us to be like talented and like minded and am sure if he ever made us that the world would be a boring place. With experience i have come to know that the most fatal way to kill off talent is seeking for approval, you see we all have that subconscious need to be approved but at the best of my understanding none has made a profound trail in this earthly dimension unless he has conquered the fear of criticism.

An Irish writer Oscar welde said that if he ever made a decision and he was approved by many he had to go home and change it because he believed that things that make a profound difference were first ridiculed... Life is a mystery and it has always been but people who have made an impact either intellectually or politically or in any other field are
people who believed in the beauty of their imagination and never sought approval.

Buddha had a pure dream.. He never claimed prophethood but after some time he was made a god, he gave people steps to conquer so as to have true absolute purity... At the apex of Buddha’s teaching is something named "nirvana" - nirvana literally means the state of mind where you have conquered impurities, the state of mind where you can live happily ever after.

And to you my friend who is reading this now; if you ever want to make a difference you should try to adopt nirvana. Am requesting you to just be...just express. Because at the end of it nothing is going to count but how well you used your talent.. You deserve it and the world deserves no less.
 





Gadri is a free minded person who is keen about understanding life, understanding humanity and understanding happiness beyond the normal realm...he has committed his life to learning. That is learning beyond borders.

 








Image: deviant.com