SME's - a solution for Africa
SME's - a solution for Africa
Therein lies the solution. Africa has very few entrepreneurs, and this is not the place to discuss the why. However, they can still create wealth, through the use of compliance models such as franchising.
Africa's future lies in franchising, both internationally and locally developed. Compliance models create bankable SME's. Bankable SME's create opportunities for wealth creation. Compliance models result in major risk mitigation.
Rob Smorfitt
SMEs a solution for Africa - To learn more about this author, visit Dr. Rob Smorfitt's Website.
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I wrote previously on the difference between entrepreneurs and small business managers who own their own business or franchise. The franchisor in a successful franchise concept runs the marketing and strategy, and thereby keeps it on track. As a consequence banks are always prepared to fund these enterprises. This is critically important as one of the largest contributory factors to SME failure is insufficient working capital. Yes, they are terribly undercapitalised.
Therein lies the solution. Africa has very few entrepreneurs, and this is not the place to discuss the why. However, they can still create wealth, through the use of compliance models such as franchising.
Africa's future lies in franchising, both internationally and locally developed. Compliance models create bankable SME's. Bankable SME's create opportunities for wealth creation. Compliance models result in major risk mitigation.
Rob Smorfitt
SMEs a solution for Africa - To learn more about this author, visit Dr. Rob Smorfitt's Website.
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David AchesonDavid Acheson is the founder of DCJA Consultancy. DCJA Consultancy is a management consultancy business specialising in B2B sales consultancy. They offer bespoke and packaged sales consultancy including Sales Optimisation Review, Interim Sales Management, Sales & Marketing Review, 1:1 Sales & Management Staff Analysis, Management Training, Solution Sales Training, Creation of New Pay Plan, KPI's, run Customer Feedback Campaigns, assist with Recruitment, Coaching, Appraisals and set up Strategic Marketing Campaigns. David spent his early career in accountancy and then moved into sales in 1982, working in Office Equipment, IT, Advertising, Training, Outsourcing and Consultancy. He has held many Senior Positions in SMBs and Global Organisations including Head of Sales Operations & Head of Business Development. His knowledge, skills and great experience of the Sales Industry has led to David making keynote speeches and running educational sessions to key businesses through organisations including The Chamber of Commerce and Business Link. - Visit David Acheson's Website |
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