Thread by @ondoga

#360Mentor
@Hbamulinde is back to talk about personal growth which is really the foundation for success in pursuit of dreams.
Come along if that's something you're passionate about or need to embark on in 2022.
Hosted by @rkabushenga and @Comrade_Otoa

twitter.com/i/spaces/1gqGv…

@Hbamulinde says:
1. Planning is personal
2. It is not an adhoc activity
3. It must be written down

@_360Mentor is the twitter account of #360Mentor

According to @Hbamulinde, the 3 opportunities in Ug r in
1. Oil and Gas
The industry is big, will attract lots of foreign investment(expatriates) & will require lots of manual labour as well.
This creates demand for several services eg food, accommodation, travel etc
#360Mentor

There is alot of information on the Internet on oil and gas thus a good resource to understand the ripple effects/impact of O&G in the countries where oil exploration is already happening.

@Hbamulinde
@_360Mentor

Number 2 and 3 opportunities from O&G are
1. Real Estate
2. Hospitality to enable recreation and relaxation for those involved in O&G
@Hbamulinde
@_360Mentor

All these also create jobs as well💡

About side hustles, @Hbamulinde advises that one should start with what is close to them, where they are at that opportune moment.

His personal experience was 2 learn about where he was. Figure out where the organisation is spending money/what solutions are required
@_360Mentor

Principles to govern money in 2022:
@Hbamulinde says money is jealous; if U abuse it now, it will revenge thus one mustn't mismanage it.
"Save it so that it saves U in the future"
1. Earn it
2. Save it
3. Nurture it
4. Invest it
@_360Mentor

@Hbamulinde says that a measure of growth is an improvement in different aspects of your life e.g knowledge, networks, finances etc

@_360Mentor

Decisions on investment should not be based on speculation as they can put one's integrity/reputation at risk.

They should be driven by solid insights like how many are affected by the problem? What is the value of the business? How sustainable is it?
@Hbamulinde
#360Mentor

Your immediate friends and family are your first source of capital.
This however is based on how much trust they have in you and bse of that they can show understanding when things don't go as planned.

The other source is partnerships.
@Hbamulinde
#360Mentor

The thumb rule that @Hbamulinde recommends for partnerships is that the partner should have an equal stake in both time and money.

#360Mentor

@Hbamulinde 's principles for life for next year:
1. Having an open mind to respond to the rapid changes. Era of VUCA(Volatility, Uncertainty, Complexity, Ambiguity)
Drop the notion "This is how it has always worked"
#360Mentor
2. Experience new experiences - explore nature

The conversation veered to other interesting stuff but from the Tweetchat earlier, here are the 10 principles in full

https://twitter.com/Hbamulinde/status/1470643462433296389?s=20

#360Mentor

To a dean of a business school, @Hbamulinde would propose practical life skills like:
1.Ability 2 commercialize ideas in the real world.
2. Money management: money in it's different forms, how to make it, saving and investment etc.
3. Selling oneself - self belief
#360Mentor

For a land owner seeking to earn from it before developing, @Hbamulinde advises
1. Lease on practical timelines till you're ready to develop it.
2.If in Kampala, lease it out for commercial activities
3. Could be your equity contribution in a venture with partners
#360Mentor

When investing in real estate, @Hbamulinde's thoughts are:
Do research - Don't buy the first piece of land you come across, base on trends in terms of development and better away from the CBD so that you can get good rates.
Consider looking in areas closer &do joint ventures.

Real estate Ctd:
@Hbamulinde further recommends that you look for the owner of the land and negotiate payments in chunks to give you time.💡

#360Mentor

@Hbamulinde's nuggets for the men:
1. Sacrifice as a way to achieve your purpose. Be a target worker!
2. Put in the work.

#360Mentor

Thank you @Hbamulinde . Another great session to enlighten and challenge us on the things that can support us in achieving dreams.
Gratitude to the hosts @rkabushenga and @Comrade_Otoa.
@davidkangye for full transcript and click link to listen to recording.