Donot sell your Degree but Use ur knowledge.

Millions of the students graduate from different universities in uganda equiped with updated informationa and knowledge which could be required to develop different projects for wealth accumulation but this has not been the case with uganda graduated. Most of them have turned up to be job seekers which shows the weakness on part of education system which many ugandans have critized the system blaming the ineffective part of it. But students should be ecouraged to use the technology and availability of micro finance loans to invet businesses in their respective countries thus selling their Skills and not Promoting their Degrees


Since you graduated, you've probably developed skills beyond what you learned in college. Therefore, you may not have to go back to college if you want or need to change careers. In fact, if you're looking to make a career move, you might be more successful if you look more broadly at your set of skills and learn how to sell those to employers outside of your current career and education niche. (For background reading, see Six Steps To Successfully Switching Financial Careers.)

Focus Your Career Goals
Do you already know what you want your next career move to be? If so, you can jump ahead to the section on creating a skills-based resume. If you don't, you have several options.

First, make a list of what you are looking for in a new career. For instance, are you thinking about changing jobs because you no longer want to sit in a cubicle for eight hours a day? Then your list should include something like "must involve being away from my desk at least four hours per day." Similarly, you may want to have a job that doesn't require a lot of overtime. Consider your preferences for required travel or working on projects in teams or independently. You may not get everything you want, but brainstorming is a great start.

Next, conduct research using descriptions of what you are looking for in a career. Ignore jobs you know are outside of your field of interest. For instance, if somehow "lion tamer" comes up in your search - and your friend's cat makes you nervous - you should eliminate it from any further discussion.

Based on your search results, narrow research to careers that fit at least five out of 10 things you want in a new career. Pick five careers for building a skills-based resume.

University career centers can help you with the following:

• Career tests to help you find what you might like to do next
  
• Job placement
  
• Resume review and workshops

Volunteering
Still not sure what your next move should be or need guidance in defining your career goals? Volunteer for a charity organization and/or call the career center at your old university for help. Remember to bring the list of what you are looking for in a new career position with you. (For more, see Should You Head Back To Business School?)

Volunteers at nonprofit organizations are often given as much responsibility as they want to have and extra guidance because they are working for free. You could learn leadership and training skills while showing newer volunteers the ropes or marketing and sales skills while helping to promote charity events. Let volunteer coordinators know what your skills are, so they can assign tasks to help you move forward. (For more, read Social Finance Careers: Creating A Better World.)

Create a Skills-Based Resume

Step 1: List all jobs you've held.
Jot down at least five tasks you performed in each job. For instance, working in teams to create ad campaigns, helping customers find the right products within your company's product line, making travel arrangements for industry conventions or negotiating prices with suppliers.

Then, under each task, write down how you completed this task. Not only will you see one-word skills such as "organizing" or "problem solving", but you'll also find the expanded details you need for adding specifics to your resume. You will not copy your job listings into your resume, but this exercise will be the basis for step three.

Step 2: Browse career sites for your skills.
Select the new career fields in which you are interested. Then, enter descriptions of your skills one at a time into the search box.This will help you determine the specific position titles that could work with the skills you have. Pick five job listings to mull over and study the full descriptions.

Step 3: Showcase skills that fit descriptions of your desired positions.
Pick two skills you possess that match the job listings you selected. Create separate skills sections for your resume for each position. For instance, a resume for an event planning position could list travel planning and problem solving as skills. Skills you could use for a merchandising manager position might include organization, negotiation and/or market analysis.

After picking two of your skills per job, add five to 10 bullets under each skill with your accomplishments in this area. The bullets should be similar to the bullets in step two, but your accomplishment listings will be more detailed.

Step 4: Format your resume.

• Put your name, address, and contact information at the top.
• Objective - Limit your objective to one sentence that specifies an objective directed at the specific position to which you are applying. Don't write that you are looking for new experiences in a creative field. Specify what you want to do for that company.
• Have a section for education below your skills. You want your skills to stand out more than your degree.
• Summary of your experience. List all your post-college jobs, your dates of employment and the city and state. If you have a lengthy career history, limit your previous jobs section to where you developed the skills in your resume. Volunteer positions can be included.
• Limit your entire resume to one page (To learn more, check out Resume Scribes Seal The Deal

source: investopedia.com
Godfrey.

how to start a money lending company.

Money lending business seems to be one of the booming business in developing countries both on small and large scale. although some of the businesses are not regulated and controlled by the financial authorities. Some countries have weak or ineffective regulatory framework.
Determining the best way to start a business can be a tricky endeavor, especially if you are new to entrepreneurship. Starting a money lending business is rife with various laws and regulations that need to be fully understood before you can officially open your doors for business. Proper planning will help ensure the success of your money lending business and avoid the possibility you will become another small business failure statistic. Everything from outlining a company vision to implementing infrastructure systems should be established to promote the health of your business.

Conceptualize your business. Take stock of other lending businesses and what you like and don't like about them. Make a list of pros and cons, and begin brainstorming things you would like to change relative to your competition. As part of your preparation, research possible avenues of credit extension or starting capital. This will likely be the biggest hurdle in the implementation of your business objectives unless you are self-funded. Find out how other lending company entrepreneurs in your area sought adequate capital.

Secure a line of credit from a financial institution. This should be discussed with your CPA and attorney as you want to ensure that you find the most attractive and manageable deal for your particular business needs. Negotiate an interest rate that will allow you to extend loans at a reasonable higher interest rate so you can begin making a profit immediately on your investment.

money lending business

Venturing into a money lending business is a pretty idea especially people need money nowadays. You need to focus on small market if you want to be competitive. It will be best if you will be starting up small.

Make sure that you have a presentable office so that your clients will not be scared in acquiring your service.

A money lending company is a kind of business that is becoming popular nowadays. This is due to the fact that people are now being affected by economic crisis. Money lending businesses usually provides people the opportunity to gain credit in different ways whether by means of credit cards, personal loans and other types. The market for money lending companies is already saturated by big banks, tycoons and other business that have enough money to lend people in need. If you think about starting your own money lending business but you fear that it will not work, then probably you might want to take the risk. There are money lending firms that focus on small market that offers money via check cashing, payday advance, loans and other credit service. Remember if you are starting this kind of business, it would be best to start up small.

There is now a high demand when it comes to money lending companies and it will be growing in the next years due to the fact that a lot of people consider borrowing money from lenders. Money lending companies are steadily increasing nowadays and they are often found in the high class market. Some of them are part or affiliated with big companies or stable organization. Credit services are proven to be popular as well in communities. If you are planning to open an individual lending business, you might want to serve in a wider area.

You need to charge fee for your services. If you are opening up an office you need to display the amount in your services so that your client’s will be able to see your rates. It is best if you have a nice and professional looking office space so that people will not be hesitant to go on in. Since you are catering to people who are looking for money, they might be feeling anxious and scared. Show them that your environment is friendly and you are the answer to their problem. When starting a money lending business, you need to decide if you want to operate in a bigger or small scale. It clearly depends on the type of loan you are offering. You can offer short term loan which have rate with small interest. If you plan to pursue home credit type of service, you can take small customers that may agree to pay on weekly basis. You can also offer a collection service where you will be the one to collect in their respective homes. You can earn profit on the interest rate depending on the type of loan that you offer.

Money lending business tips

Starting this kind of business takes a lot of effort and money as well. There are right and wrong ways to lend money. Proper documentation is essential in your business to keep track of the money flow. It should be well written kind of documentation. The help of a lawyer will make this a much easier task. Carefully draft the contract and discuss it with your lawyers thoroughly. This way you can avoid clients finding any loopholes in your contract.

In order to attract people, start strategizing a marketing plan. This way you can able to give incentives to your customers. Make sure that your build a good social network so that people can refer you to others. Obtain proper licenses from the government to operate legally.

Finding a good money lending company in Uganda.

With the increasing number of money lending companies in developing countries, the clients face challenges in finding out good companies to trust when deciding to borrow money in times of need. Many companies offer loans but with intentions of fulfilling their business objectives of accumulating wealth in short periods. Many of the customers of the predatory lenders have been victims of losing their wealth. Asimple loan could cause financial schocks due to the money spent from money lenders leading to long time debts thus many clients begin hiding from the lenders and money lenders suffer losses.

Many researchers have argued that "There are simple ways to know whether a certain lending company is predatory or not. Although there are many companies posting their offers online and they seem to be credible and reputable, trusting is still a risky step to prepare before taking"

Basing on the requirements and conditions,firstly, a good lender does not sound too easy. those that sound easy may not be genuine lending comapnies. Sound too easy refers to their "superficial tone of guarantee". there fore borrowers should avoid lenders who make a lot of promises without asking the required documents that may keep them safe from bankruptcy. Avoid downplays, as companies may offer you a big deal of instant cash but you need to pay a certain amount to get it withdrawn. They are predatory.

Good lending companies have low profit rates. The entire lending business revolves around interest rates. The accumulated interest from every loan represents their income. Interest is actually your payment for the service of having fast cash advance, so it is reasonable to pay them that amount. However, make sure you will not be charged more than what you are told at first.

Do not sign any document without understanding the mode of payment for the loan. Payment mode may vary according to the type of loan. Short-term loans like fast cash advances and payday loan usually adopts automatic payment mode. The bank shall automatically take the due amount out of the savings account of the borrower through the information he or she gives upon application.

A good lending company states all these information in the contract. Do not borrow more than what you need. While interest is directly proportional to the amount borrowed, youll end up paying for more interest if you borrowed more. Once the payment for the fast cash advances is taken out of your personal account as stated in your contract, there is no way you can retrieve it. That will give you another reason to borrow from a lender again and repeat the whole debt cycle

godfrey Bulondwa