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Ways to sell yourself in written business messages

By Martin Zwilling

Even in this age of videos and text messages, the quickest way to kill your startup dream with investors, business partners, or even customers, is embarrassingly poor writing. Being very visible in the startup community, I still get an amazing number of badly written emails, rambling executive summaries, and business plans with one paragraph per chapter.

In the competitive realm of business, you only get one chance to make a great first impression. You have to be able to communicate effectively in all the common forms, including business writing, as well as talking, presenting, and producing videos. Lack of the requisite skills or discipline will get you branded as a poor business risk before the message is even considered.

Business writing is not a skill that anyone is born with, but one that everyone can learn. Since we all lose when an entrepreneur with a great idea is held back by a failure to communicate, I would like to offer a quick summary of business writing basic strategies. Keep these in mind as you look for others to join you in supporting your idea to change the world:

Get to the point in the first sentence. In this age of data overload, everyone has learned to tune out if they can’t quickly decipher a relevant purpose and focus for your message. That context needs to be set before your sales pitch or background story makes any sense. Before you start, make sure you understand your own objective.

Plan the message flow to a logical conclusion. Random thoughts or lists of facts do not constitute effective business writing. Most commonly, your message is informational or meant to persuade, so every element should be consistent with that intent. Always include the key document elements of an opening, main body, and a conclusion.

Key points should be highlighted and positive. Action items should be underlined, or separated into bullets to provide visual recognition in a quick scan. Positive messages have more impact, so keep negative and emotional statements to a minimum. Avoid flowery language and excessive use of adjectives. Tight wording clarifies the message.

End with a clear call to action. If you are looking for an investor, a partner, or a customer, make sure the next step is clearly stated, and not just implied. Contact information should always be included. Ending with “May I ask for an hour on your schedule next week to discuss details?” is better than “Don’t miss this opportunity.”

Talk uniquely to each recipient. Generic messages aimed at groups of people do not make a good first impression, especially if the greeting is non-specific and email is directed to a long list of addresses. Smart business people tailor their conversations to each recipient, and the same consideration should be applied to written messages.

Use professional formatting. A badly formatted document, in all caps, mixed fonts, or all one paragraph will destroy even the best message. If you are asking for a million dollars, don’t send your message in smartphone or texting shorthand, ignoring spelling errors. Show your recipients professional respect, and you will get respect in return.

Keep your writing voice friendly and courteous. If your writing tone is angry, cynical, or arrogant, don’t expect any reader to be open to what you have to say. Tune your use of language to the reading level of the recipient or below. Trying to impress or intimidate the reader with technical terms or acronyms doesn’t work with confident professionals.

As a general rule, text messages or emails from a smartphone should never be used for business purposes with someone you don’t know well. Emails are acceptable, if kept to one page, with minimal attachments, addressed to a single recipient, with a relevant subject line, and professionally formatted.

If the business criticality is high, or the subject is sensitive or easily misinterpreted, skip the written communication entirely, in favor of a phone discussion or a personal meeting. Written communication can never convey emotions and body language effectively, which may be fifty percent or more of the message.

Every entrepreneur needs to remember that they are selling themselves in every written communication, even more than they are selling their idea or funding request. Poor use of the writing technology generally available, including formatting tools and spell checkers, will be read as an inconsiderate or risky partnership. You can’t afford that competitive disadvantage.

 

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Ugandan private sector more vibrant – Stanbic Index

Stanbic Bank Uganda

Stanbic Bank Uganda has released its PMI index for February with the latest headline figure posting 53.2 in March, up from 51.1 in February, indicating a further improvement in the health of the private sector.

 

Commenting on March’s  survey findings, Jibran Qureishi, the East Africa Regional  Economist at Stanbic  Bank said: “Operating conditions in Uganda’s  private sector further improved, however the PMI average of 52.1 in the first quarter (Q1:2018)  was lower than 54.0  average recorded in the fourth quarter (Q4:2017), suggesting to us that the pace of recovery is  still sluggish.”

According to Stanbic Bank, credit growth to the private sector should broadly recover over the course of this year courtesy of the ‘accommodative monetary policy’ stance adopted by the Bank of Uganda in addition to improving domestic demand conditions.

In February 2018, the Bank of Uganda further reduced the Central Bank rate by another 0.5 of a percentage point to 9.0% resulting in the lowest CBR since the benchmark figure was introduced in 2011.

In response, Stanbic Bank which maintains a policy of matching adjustments of the CBR with equal changes to its Prime Lending Rate, announced another reduction of its PLR to 17% effective May 1.

The Bank now has the lowest shillings lending rate of all the banks active in Uganda’s credit sector.

Revealing the underlying reasons behind the PMI’s sustained upward trajectory, Benoni Okwenje, Stanbic Bank’s Fixed Income Manager, said: “Forming the basis for growth was an increase in new business.  Private sector firms reacted by expanding their workforce numbers at the end of the first quarter.  Consequently, business activity rose for the fourteenth month in succession.  Elsewhere,  output charges  continued  to  rise,  driven  in  part  by  higher  cost burdens.”

He added: “Higher  volumes  of  new  orders  spurred businesses to increase their purchasing activity in March, following  a  month  of  contraction  mid-quarter. However, due to production demands, inventories fell for the second month in succession. On the price front however, higher purchase and staff costs led to a sustained increase in overall input costs in the private sector during March. In fact, input price inflation occurred across all five monitored sub-sectors, in line with the survey trend so far. Higher raw material prices alongside fuel costs drove up purchase prices, whereas rising costs of living was the main factor influencing average wages/salaries.”

The Stanbic PMI is a composite index, calculated as a weighted average of five individual sub-components: New Orders (30%), Output (25%), Employment (20%), Suppliers’ Delivery Times (15%) and Stocks of Purchases (10%).

Readings above 50.0 signal an improvement in business conditions on the previous month, while readings below 50.0 show a deterioration.

 

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Corruption, tribalism will lead to NRM ouster – Todwong

Calls for Political Co-existence: NRM's Richard Todwong

The Deputy Secretary General of the  ruling National Resistance Movement (NRM) Richard Todwong has accused party colleagues and senior civil servants for abetting runaway corruption and tribalism.

Mr Todwong, who is number three in the party structures, says these are some of the reasons the NRM party will fall out of power and crash completely.

“I’m saying this because I know and I have to be honest because my church told me to be honest. I have told this to the President. If we don’t control our greed and how we use public resources, then Ugandans will push us out of power,” Todwong, whose party has been in power for 30 years, said in an address.

He added: “We need to manage greed and during the debate of transition, those in positions of leadership might want to collect as much as they can because it’s their last chance in power.”

Mr. Todwong also expressed disappointment with religious leaders, saying they had paid little attention to the need for citizens’ participation in the proposed national dialogue to be launched later this year.

This followed a meeting by the Inter-religious Council of Uganda hosted in Entebbe to explore actions and strategies needed to fast-track the talks’ process.

The seemingly frustrated Deputy Secretary General urged religious leaders not politicize the process, stressing that it should be geared towards a peaceful transition of power.

The IRCU is a body that brings together various religious groups in the country and they have always showed interest in advising on how the country should be governed especially on peacefully transition of power, which they stress, has never happened since Independence in 1962.

However, President Museveni has always warned the religious leaders against commenting on politics.

Meanwhile, the former Forum for Democratic Change (FDC) President Mugisha Muntu wants the proposed dialogue to focus on finding lasting solutions to Uganda’s possible problems.
“There must be leaders who can start building credibility and trust in our population. What holds Ugandans together is hope,” he said.

 

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Top Ministry of Health official in the spotlight over leaking Kirudu as his wealth is revealed

Dr. Henry Mwebaza,s house on Mbuya hill which people say commenced construction at the same time with the ADB projects.

Reports indicate that the recently built Kirudu hospital in Makindye leaks whenever it rains.
According to sources, engineers from Ministry of Works, responsible for building standards and Kampala Capital City Authority are investigating the constructor and those who were the in-charge of the project. According to reliable sources, investigations were triggered off by complaints from African Development Bank which funded the project.
Sources say the Acting Director General Health Services, Dr. Henry Mwebaza who formerly occupied the docket of Director Planning and head of African Development Bank project for Mulago Kawempe and Kirudu hospitals

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Panic as URA goes for personal bank accounts to raise taxes

URA Commissioner General, Doris Akol

The Uganda Revenue Authority (URA) has in a new directive instructed commercial banks to furnish it with details of clients/customers who hold accounts with them, setting off a panic button for thousands with huge unexplained and illicit monies.

According to the directive, all commercial banks are supposed to send records of financial information of clients, including the names of accounts holders, Tax Identification Number (TIN), National Identification Number (NIN), Address, telephone number and email addresses.

The directive also wants banks to disclose customers’ total cash deposits into the accounts for the period January 2016 to December 2017. The directive also asks for total cash withdrawals for that period.

URA also wants the current balance on depositors’ accounts and it is relying on Section 42 of the Tax Procedure Code Act.

The directive comes at the time when a few Ugandans hold bank accounts. The findings of a recent survey carried out by MicroSave and commissioned by Financial Sector Deepening Uganda (FSDU) found that up to 58 percent of Ugandan adults that are currently unbanked.

Meanwhile, the number of accounts in commercial banks has increased from 4.5 million as at June 2015 to 7.4 million as at June 2017; while number of accounts in financial institutions licensed by the BoU (Commercial banks, Credit Institutions and MDIs) rose by 3.3 million over a two year period to 9.3 million accounts as at June 2017.

Last week, President Yoweri Museveni blamed the Ministry of Finance and URA for doing less to broaden the tax base.

This financial year, URA was tasked to collect just over 15trn to partly fund the Shs29 trn budget for 2017/18 fiscal year. However it appears the target won’t be achieved as country prepares for the new financial year that starts June. This comes up at the time when the tax body is also investigating former Executive Director in charge of Supervision at Bank of Uganda Justine Bagyenda for possible tax invasion on her properties and money laundering.

 

 

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Bunyoro ‘radicals’ want Omuhikirwa out

Omukama of Bunyoro Kingdom Solomon Gafabusa Iguru

A group of Banyoro allied to ousted Bunyoro Kingdom ‘Prime Minister’ (Omuhikirwa) Andrew Byakutaga have reportedly threatened to demonstrate in Hoima town, demanding his reinstatement.

Sources in Hoima have told The EagleOnline that the ‘Byakutaga group’ calling themselves Abarusura (Omukama Kabalega’s army), led by one Francis Atugonza and Ali Babi will storm the Karuziika Palace tomorrow to ensure Rukirabasaija Solomon Gafabusa Agutamba Iguru revokes his recent appointment of Norman Lukumu as Prime Minister.

By press time it was not possible to get Byakutaga for comment, but in a lengthy communication dated April 3, Omukama Iguru reiterated that Lukumu was appointed Omuhikirwa on May 1, 2016 to serve a five-year period ending in 2021.

In the same communique he named Prince Apollo Kisoro as his Principal Private Secretary, and urged the reinstated Omuhikirwa to ensure all cases he filed in court are withdrawn.

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Former SA president Zuma in court over corruption

NOT IMMUNE FROM PROSECUTION: Troubled SA President Jacob Zuma.

South Africa’s former president Jacob Zuma is due to appear in the Durban High Court to face charges of corruption in a years-old arms deal, as a scandal from the 1990s comes back to haunt him within weeks of his fall from power.

The National Prosecuting Authority (NPA) last month said it would seek to prosecute Zuma on 16 charges, including fraud, racketeering, corruption and money laundering.

The case is a dramatic development on a continent where leaders rarely face their accusers in court.

Zuma, who denies any wrongdoing, is mounting a legal challenge against the decision to prosecute him over his role in the $2.5 billion arms deal.

Thousands of Zuma supporters are expected to march to the court in solidarity with a leader they say is the victim of a politically-motivated witch-hunt.

Zuma, who was forced to resign by his ruling African National Congress last month, was at the centre of a 1990s agreement to buy European military kit that has cast a shadow over politics in South Africa for years.

Zuma was deputy president at the time of the deal. Schabir Shaikh, his former financial adviser, was found guilty and jailed in 2005 for trying to solicit bribes for Zuma from a French arms company.

Charges against Zuma relating to the arms deal were filed but then set aside by the NPA shortly before he successfully ran for president in 2009. The charges were re-instated in 2016.

Since his election nine years ago, his opponents have fought a lengthy legal battle to have the charges reinstated. Zuma countered with his own legal challenges.

 

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Rukungiri by-election set for May 31

FDC's Betty Muzanira and NRM's Winfred Matsiko.

The Electoral Commission has earmarked May 31, as a polling date for by-election of Rukungiri woman Member of Parliament.

EC Vice Chairperson Aisha Lubega revealed that the electoral body is expected to spend Shs850 million for the repeat of the woman seat.

Rukungiri woman parliamentary seat fell vacant after appellant court judges led by former Deputy Chief Justice, Stephen Kavuma nullified the election of National Resistance Movement’s (NRM) candidate Winfred Matsiko over voter bribery following electoral petition that was filed by Forum for Democratic Change candidate (FDC) Betty Muzanira.

Speaking at EC headquarters earlier in the day Lubega said, that amount of money will be used to facilitate all the electoral processes including printing of ballot paper, transportation among other requirements in the by- election.

She warned candidates against fundraisings and breaching of electoral laws.

“There will be updating and display of voters’ register for over ten days in all the 280 polling station, this is expected to be a free and fair election given the fact that the ground has been leveled for every candidate that will participate in this race.” She said.

This election is expected to bring both President Museveni persuading electorates to voter for Mastsiko and Dr. Kizza Besigye plus FDC will tussle it out for FDC party candidate. Rukungiri is a home to Dr. Besigye and of late, the district has embraced him as compared to the past when electorates didn’t want to identify with FDC and Besigye as well.

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Eddy Kenzo surrenders BET, other International Awards to Museum

Eddy Kenzo is in history books for having been the first Ugandan artiste to win a BET Award.

And going by his latest action, he makes it clear that this is a legacy he is not ready to let go just like that.

The ‘Sitya Loss’ hit maker has taken his award to the Uganda Museum for future viewing by the generations to come.

“I have decided to put my BET AWARD, Afrima Best Male 2017 and KUNDE BF 2015 awards in the museum such that young people having a dream to become great musicians can look at them and be motivated to work harder and win even bigger ones, parents should bring their children and let them see these great honors for our country,” he noted as he handed over the awards Thursday.

He further added that he will hand over even his recently won Nickelodeon award as soon as it arrives in the country.

“I want to once again congratulate all Ugandans for winning this great award, Nickelodeon is a big award and let this award bring us together to work for our entertainment industry. I thank all people that voted but more so I want to thank my big family “Airtel Uganda”, you have been there for me and you will always be my real family. On this note therefore I want to challenge the Government and private companies, to start investing in talent most especially our great music industry, it is growing and becoming bigger day by day and this is something we can use to change lives of many young people out there.”

He called for the need to acknowledge Ugandan musicians, “support them and develop facilities that can improve our music industry if we are to continue to compete on the international level”.

“I acknowledge the acceptance by Uganda Museum to receive and keep these awards and I believe they are in safe hands of Government and they belong to the people of Uganda, i therefore encourage Uganda museum management that they allow people touch and feel them other than viewing them in the glass.”

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Police tribunal postpones Kirumira case to April 10

RIP: Kirumira, former Buyende District Police Commander (DPC).

The chairperson of police tribunal Denis Odongopiny has today postponed the issuing judgment against Assistant Superintendent of police (ASP) Muhammad kirumira over the absence of police prosecutor Catherine Kusemereirwe.

Two weeks back Odongopiny had set April 5, 2018 as a day when the tribunal was scheduled to deliver its judgment against the former Buyende District Police Commander on allegations of abuse of office and corruption that were a leveled against him.

Appearing before disciplinary court this morning, Odongopiny said, the tribunal could not proceed with the matter in absence of one of the members.

Before adjourning the matter to April 10, 2018, the chairman noted that the prosecutor is not around, as she lost a friend therefore, she had to go for burial.

Kirumira was arrested in February in areas of Bulenga after he had announced his resignation from police.

He was tried in the tribunal and sent to notorious Nalufenya police facility where he spent three weeks. He is out on police bond.

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