Starting A Business: 3 Start-up Lessons from Mbabazi’s Campaign

Poverty levels will drastically increase across the world if governments fail to take action against climate change, price according to a new World Bank Group report.

The report says Climate change is already preventing people from escaping poverty, and without rapid, inclusive and climate-smart development, together with emissions-reductions efforts that protect the poor, there could be more than 100 million additional people in poverty by 2030.

The report, “Shock Waves: Managing the Impacts of Climate Change on Poverty”, finds that poor people are already at high risk from climate-related shocks, including crop failures from reduced rainfall, spikes in food prices after extreme weather events, and increased incidence of diseases after heat waves and floods.

It says such shocks could wipe out hard-won gains, leading to irreversible losses, driving people back into poverty, particularly in Africa and South Asia.

“This report says that ending poverty will not be possible unless strong action is taken to reduce the threat of climate change on poor people and dramatically reduce harmful emissions,” said World Bank Group President Jim Yong Kim. 

“Climate change hits the poorest the hardest, and our challenge now is to protect tens of millions of people from falling into extreme poverty because of a changing climate,” he added.

The report finds that the poorest people are more exposed than the average population to climate-related shocks such as floods, droughts, and heat waves, and they lose much more of their wealth when they are hit.

According to World Bank, in the 52 countries where data was available, 85 percent of the population live in countries where poor people are more exposed to drought than the average.

The report, released a month before negotiators gather in Paris for international climate talks, shows how ending poverty and fighting climate change can be more effectively achieved if addressed together.

Agriculture will be the main driver of any increase in poverty, the report finds.

In focusing on impacts through agriculture, natural disasters and health, the report calls for development efforts that improve the resilience of poor people, such as strengthening social safety nets and universal health coverage, along with climate-specific measures to help cope with a changing climate, such as upgraded flood defenses, early warning systems and climate-resistant crops.

The report further says an all-out push to reduce greenhouse gas emissions is needed to remove the long-term threat that climate change poses for poverty reduction.

In poor countries, support from the international community will be essential to accomplish many of these measures, according to the report.

This is particularly true for investments with high upfront costs– such as urban transport or resilient energy infrastructure — that are critical to prevent lock-ins into carbon-intensive patterns.

Stephane Hallegatte, a senior economist at the World Bank who led the team that prepared the report said, “We have a window of opportunity to achieve our poverty objectives in the face of climate change, provided we make wise policy choices now.”
By Stephen Obeli Someday    

One dream we all share is to become our own bosses someday by either starting (or growing) a business, order buying or inheriting one.

Many challenges including fear however present such a stumbling block for the vast majority of the ambitious that realizing that top dream has become another dream in itself.

The comfort and luxury that comes with formal employment has worsened the problem among the growing numbers of lower-middle class in our country that instead of facing the difficulty that comes with entrepreneurship, visit this site several have resigned, viagra choosing to bank their retirement hope on pension, NSSF and insurance.

The former Prime Minister Amama Mbabazi lived in that corporate village until late last year when he was forced out of the job and in a way or another left with no choice but to check-in to the murky political street.

The way his presidential bid came and how he has maneuvered around it present a number of lessons that can help those still locked in the hopeless corporate comfort so they may either have a reason to go forward and become their own boss or have enough fear to wish they don’t die before becoming old enough to get a pay back from National Social Security Fund.

Here are three.

It is risky business to go in wholesale

The simple truth is that entrepreneurship is a slippery road. When he was dumped by the president and later NRM (National Resistance Movement) caucus, Mbabazi had the option of taking up a less influential job if the president offered or take it upon himself to remove the president and completely destroy their relationship.

Today they are busy tearing each other apart, comparing crowds, accusing each other of mutual mistakes, to mention but a few. At the end of it all, Mbabazi stands a chance to lose it all or win it all. In case he loses, your guess is as good as mine. Had he stayed in the party and contested in the primaries it would probably be a different story, maybe he would be history by now or closer to the country’s top office.

The thing with entrepreneurship is that risk is directly proportional to possible benefit. However, if you have a chance, never risk it all. Consider keeping your 9-5 job as you start a business and if it picks up, you can quit the day job and concentrate your efforts in your personal venture. It pays to do your homework well before making the decision of whether to go wholesale or start as apart-time businessman because if it doesn’t work out, you might return to find all doors back to the corporate world already shut, sorry.

You need a goal and a vision before a business plan

The fact is that you need a plan to go into business but it is clear goals and visions that can secure you entrepreneurial success.

When Hon. Mbabazi came out to declare his presidential ambition, he made it clear his plan was to first contest in the NRM primaries then later the general elections and finally gets into statehouse. Along the way he realized that passing through the party primaries might not yield to his set target due to what he called irregularities, he opted out.

Then came The Democratic Alliance (TDA), a coalition of opposition forces set to present joint candidates against the incumbent regime. Apparently he held back-door negotiations with members of the decision making committees to favour him when selecting a joint candidate. It hit a snag when at last minute he had the choice to give up his ambition, back Besigye, a veteran opposition member or go forward and hunt down his own animal, he opted for the latter.

Truth be told; business like life is not straight and the only thing that can keep you focused are a clear goal and vision. Plans work to help you get started, walk towards your destination in a systematic way but when the waves suddenly get out of control, it might be a little too late to check into those pages because, it probably didn’t cater for sudden strong waves.

 Uncertain: You can’t predict everything or anything

Yes we can make projections but they are most often delusional especially when starting a new business.

When Mbabazi came out in July to announce his intention to contest as an independent candidate, he said he would go around the country for consultations about his bid. In doing this, the former premier was likely aware that he was contesting against Museveni and Besigye who have both canvassed the country for over 15 years each in search of votes so he had to go fast.

He rolled out a schedule for the same but his elder brother died and the program was suspended. Days later, he amended the program and went ahead to consult voters in Mbale, Jinja and Soroti.

At this point things started happening in weird ways: Police moved him to stop him, TDA negotiations took his time, the electoral laws were amended and nomination date extended. No single person I have seen or read from ever thought this would happen.

Guy Kawasaki says, “experts have no clue” is one of the 12 lessons he learnt from Steve Jobs. The fact of the matter is that business comes with lots of uncertainties. It’s like rain or rather the return of Jesus. You can know the signs, but those are signs. You can tell that a customer who has come won’t buy but you can’t know in advance that a customer who won’t buy would come.

There are several other lessons we can learn from politicians in this season about business and I would be glad if you shared what you’ve got with me.



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