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Enhance Your Business Management with Effective Strategies For Your SME
In this newsletter we are focusing on ways to help you manage your business more effectively. Explore the “Manage” section to dive into various topics that will assist you in managing and growing your business. Plus, don’t forget to download our business budget template to keep your finances on track.
In Today's Edition
Starting your own business is not the only way to get into business. The other option is to jump onto an existing business chain. This is called buying a franchise. From fast food businesses like KFC and McDonald’s to stores such as Legends Barbershop and OBC Better Butchery, the franchising opportunities are many.
A franchise is when you use the products or services of an existing company. The company that owns the products is called a franchisor. If you buy a franchise, you are considered a franchisee.
By owning a franchise, you must pay royalties and usually an initial fee for the right to conduct business under the franchisor’s name and system.
Enhance your business with the articles in our "Manage" section! We offer straightforward advice on key topics like business skills, tax and accounting, legal matters, human resources, operations management, and tourism. Our content is designed to give you practical tips and easy-to-understand guidance to help you manage your business more effectively.
Whether you are looking to improve your daily operations, understand tax regulations, handle legal issues, or enhance your team’s performance, you will find valuable information here. Don’t miss out on these resources that can make running your business smoother and more efficient.
Download the comprehensive business budget template designed specifically for South Africa to help you effectively plan and manage your finances for the upcoming twelve months. This template will guide you through the process of forecasting your income, tracking expenses, and setting financial goals, ensuring you stay on top of your business's financial health throughout the year.
What Topics Do You Find Most Valuable in Our Manage Section?We want to know what interests you the most. Please choose your favorite topic from the list below! |