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    Understanding Dividends and Interest: Key Differences Explained

    Recently, during an assignment discussion with my colleagues, I was met with a flood of questions about the differences between interest and dividends. The inquiry arose from a fundamental question: “If I contribute to a company or organization through shares, how do I get paid? Do

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    Navigating Business Mistakes: Lessons Learned from a Weekend

    This weekend, I found myself deep in conversation with a great friend, reminiscing about some of the bizarre business blunders we’ve both made over the years. We laughed about the costly missteps that seemed almost absurd in hindsight. One topic that sparked particular amusement was our

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    It’s Okay to Take a Break: The Importance of Rest for Entrepreneurs

    In today’s fast-paced world, the pressure to work tirelessly is immense, especially for entrepreneurs. The conventional wisdom often equates hard work with success, leading many to believe that constant hustle is the only path to achievement. However, this relentless drive can lead to burnout and neglect

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    What Independence Means to a Business

    Today, as I woke up to celebrate my country’s independence, I couldn’t help but reflect on the significance of this day. In a nation like Uganda, rich in resources and potential, it’s easy to get swept up in the busyness of life and forget the sacrifices

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    What Financial Consultants Know That Every Business Owner Should

    Last week, while waiting for my pizza at a local shop, I struck up a conversation with a new acquaintance— a financial consultant. As we introduced ourselves, the topic naturally turned to our professional journeys. She began to share her story, one that underscored the vital

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    Reflections and Insights: Embracing the Last Three Months of the Year

    n n n n n n As the year begins to wind down, I recently had a conversation with a friend that sparked some deep reflections. “Derrick,” they said, “we have only three months left in the year.” The words lingered, prompting me to consider the

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    Appointing One Manager to Oversee Two Businesses

    n n n n n n Last week, a client reached out with an intriguing request. Previously, I had successfully helped them recruit and train a manager to run their business, and my client was very pleased with the results. However, this time, they faced a

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    The Power of Timelines: Why They Matter in Business

    n n n n n I must confess, I have become somewhat addicted to timelines in everything I do. Whether this is a good or bad thing depends on the context, but it undeniably shapes my approach to achieving goals. Phrases like, "Let's start this and

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    The Inevitable End of Business Partnerships: Planning for the Future

    n n n Yesterday, I found myself in a business meeting, helping a client structure their partnership. As we discussed the future of their collaboration, I mentioned a reality that seemed to shock them: “At some point, this partnership may come to an end.” The room

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    The Risks of Running a Business Without a Budget

    n n n n Running a business without a budget is like driving a car without a map. It might feel freeing, but it can lead to serious problems. Here’s why having a budget is so important: n n n Money Problems: Without a budget, it’s

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