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SME's - why compliance models work in Africa

SME's - why compliance models work in Africa

No matter your political perspective on the matter, Africa is undoubtedly behind the rest of the world when it comes to entrepreneurship and business skills.

So the question is how do we get those skills. Studying is obviously one solution, but on the job training is even better if accompanied by studying. It also happens quicker and contributes to the economy now rather than later when the studying is complete. So in effect running a franchise is almost the same as being an apprentice. Some will graduate and a few will become entrepreneurs. But, either way they are still being economically productive, and gaining a lot of knowledge at the same time, simply through following the franchise processes.

So let us absorb the best practice knowledge and skills through doing it in a franchise from say the USA, and then let our true entrepreneurs come and develop African franchises based upon existing SME best practice.

Rob Smorfitt





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Dr. Rob Smorfitt
(Visit Dr. Rob's Website) Have an MBA and a PhD in entrepreneurship. Three key areas of ongoing research are entrepreneurship and innovation in large businesses, the impact of legislation on SMEs and SME finance. Run my own SME blog at http://sme-smb-smme.blogspot.com as well as an entrepreneurship and innovation for large businesses blog at http://innoveur.blogspot.com I have been self-employed since 1982. I have started or purchased in excess of 40 businesses since then. Most were sold again and a few were shut down because of a lack of profitability. Many were run by staff or family while I worked in full time employment in my bigger businesses. 6 books written in Entrepreneurship and Project Management educational field. Written articles for various magazines, newspapers and websites. Married with 3 children (22, 21 and 14).

Dr. Rob Smorfitt is a Platinum author on EvanCarmichael.com
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