Sunday 19th of May 2013 10:27:30 AM
 
 
 
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Ailments that hurt business

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6. Ignoring insurance cover

In recent years, some markets and schools have got burnt leading to loss of lives and property worth billions.  Unfortunately, most of the lost property cannot be replaced because the owners had not taken up insurance cover.  People fear buying insurance because they say they do not need it, are broke, or uncomfortable about some insurance policies including refusal by insurance companies to pay claims.

 

Growing to serve

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Crane Bank has grown to become the largest indigenous commercial bank in Uganda with a paid up capital of more than Shs 200 bn. Mr. A.R Kalan, the managing director, spoke to Peter Nyanzi about the bank’s performance in 2012 and future plans.

What were the key highlights of Crane Bank’s performance [ … ]

 

Using ICTs to develop Uganda

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One…Solutions, an ICT company, launched its services in Uganda last month. Claude Vendette, the company’s chief executive officer, spoke to Julius Businge about their operations.

You recently launched in Uganda after operating in this market since 2010. What’s the big plan behind the launch?

The b [ … ]

 

Ailments that hurt business

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5. Tax evasion

It’s common to hear of businesses that have been closed or had their directors arrested by the tax authorities because of tax evasion. Some are still buying time to clear their tax arrears.  When you try to reduce your taxes by concealing income, inflating expenses, falsification of accounts and willful violation of the tax laws, you have committed the offence of tax evasion.

 

Executive Style - Making transport a ‘public good’

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For the past three months, Pioneer Easy Buses have been off city roads,  and face auctioning by the Uganda Revenue Authority (URA) over unpaid taxes. John Masanda, one of the directors of the company, spoke to Julius Businge about the way forward.

Some people say failure to meet your debt obligatio [ … ]

 

Ailments that hurt business

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3. Your low techpreneurship

Time is money; the easiest and quickest you can get something done is what every business person wants. Information and Communication Technology (ICT) is the equipment, computers and telecommunication devices we use.  We communicate through the telephone, email, audio, and video messaging and conferencing to organise meetings, schedules, spreadsheets and share information. But do they make any business sense?

 

Executive Style - Revamping specialised training of bankers

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James M. Kaboggoza has been the chief executive officer of The Uganda Institute of Banking and Financial Services since 2008. He spoke to The Independent’s Julius Businge about the institute and the financial industry.

The Uganda Institute of Banking and Financial Services; what is that?

We [ … ]

 

Executive Style - Keeping quality standards

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Ben Manyindo was last October appointed new executive director for the Uganda National Bureau of Standards.The Independent’s Julius Businge spoke to him.

What’s the experience so far after serving in this position for half a year?

I have been focused on making the transition and building a winning [ … ]

 

Ailments that hurt business

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2. Unhappy regulator and customers

All businesses need customers and most of them are in sectors that have regulators. The challenge most businesses must juggle is how to please both the customer and regulator without gaining on one side but losing on the other.  Even the best business can get an unhappy customer.

However, how you handle that situation is what matters. If you calm the situation and the customer walks out of your shop happy, count on them as ambassadors to potential clients. If you mishandle the complaint, the regulator may fix it.

 
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2013-05-19 09:34:20
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