MSME

• Thus, access to funding and technology is necessary for MSMEs to fully perform their roles as providers of community needs and job opportunities, enabling rural communities to increase their income.
• Oki Muraza, Senior Vice President, Research & Technology Innovation at PT Pertamina (L), during the Sustainability Summit B20 held in New Delhi, India (8/24).
• "The challenge lies in providing capital or funding and technology access to MSMEs, allowing them to effectively contribute to the energy transition and benefit both the community and corporations," said Oki.
• Oki explained that by involving MSMEs in this energy transition, Indonesia aims to combine international aid, creating job opportunities for the public and benefiting companies in expediting the energy transition.

• Adjusted EBT was R$ 447 million, 489% higher compared to 2Q22.
• The Financial Services segment grew 32.0% in the annual comparison with a R$ 2.6 billion revenue, and 9.2% in Software revenue to R$ 383 million.
• Adjusted net income was R$ 322 million, up 477% from 2Q22, with a 10.9% adjusted net margin, against 8.7% in 1Q23.
• Adjusted net cash reached R$ 4.3 billion, 57.1% higher in the year and 8.5% in the quarter.

Franchise Fundamentals: Considering, calculating, and consulting

• You can’t wait to cut that ribbon and get your business up and running.
• But to avoid a false start, it makes sense to spend more time in the starting block.

Evaluate the franchise documents. 

• The third post in the Franchise Fundamentals series covered points to consider when studying the Franchise Disclosure Document.
• As A Consumer’s Guide to Buying a Franchise explains, the FDD is just one of three critical documents you need to evaluate.
• The second is the Franchise Agreement itself – the binding contract between you and the franchisor, which should be attached to the FDD.
• Furthermore, time may have passed between when you received the FDD and when you’re ready to sign the Franchise Agreement.

Scrutinize financial performance representations. 

• Item 19 of the FDD addresses financial performance representations – claims the franchisor makes about sales or earnings.
• Here are some other key considerations when studying financial performance representations.
• If their results don’t line up with what the franchisor has told you, it’s another red flag.
• Franchisors may ask you to sign a statement – sometimes presented as a written interview or questionnaire – that asks, among other things, whether you received any earnings or financial performance representations during the course of buying a franchise.
• What’s more, you may be waiving any right to contest the earnings claims you used to make your buying decision.

Consult an attorney and an accountant. 

• Prospective franchisees may have a legal background or financial experience, but regardless, all prospective franchisees should consult an attorney and an accountant before deciding to buy a franchise.
• Hire an experienced attorney to review the Franchise Disclosure Document, the Operating Manual, and the Franchise Agreement with you. Discuss with your attorney if there are provisions in the Franchise Agreement you’d like to change.
• Paying an attorney and an accountant up front could save you thousands (and a thousand headaches) in the future.

• Established relationships with three major enterprises, including Walmart México, already offer local suppliers access to C2FO's working capital solutions.
• But millions more micro, small and medium enterprises (MSMEs) need easier access to fast, flexible and equitable working capital — something that could transform the Mexican economy.
• C2FO's dynamic working capital platform is a game-changer for enterprises looking to solve the working capital crunch for their business and their supply chain.
• Learn more about C2FO's suite of working capital solutions for businesses, its global network, and its worldwide impact by visiting C2FO.com .