Thread by @FelixAijah

Fundamentals of Agribusiness Ventures.

i) Agriprenuership

For any agribusiness enterprise to be established & run successfully,those starting it up & running it must have certain skills,behaviours & attitude.

•Passion
•Persistence
•Business intelligence
•Product focus

Lack of these attributes leads to business failure especially during the early stages of crafting it.

#AgribusinessTalk254
#Farming
#agriculture

ii) Have a Comprehensive Agribusiness Plan/Model

Agriprenuers fail not because they are doomed to fail but because they are undertaking so many activities some of which may not be adding value to their business.

#BLACK_LIVES_MATTER

N/B: If you're not succeeding in your agribusiness venture, chances are that you're using the wrong business plan.

#GeorgeFloydProtests

iii) Actualization of the Agribusiness Strategy

You must be able to understand your strategy in order for your agri-venture to survive regardless of the turbulence in the environment.

#Agribusiness
#FarmLife

iv) Marketing of Agribusiness Products

Marketing involves getting the word abt the agriventure & it's products“out there”

No matter how good ur prdcts are, we cannot transform them to sales if nobody knows that the products exist & how these products satisfy the customer needs.

Marketing has been acknowledged as a key functional area in agribusiness that defines the business failure or success.

#agriculture
#agribusinessTalk254

v) Accounting.

Accounting is a very critical function for any Agri-enterprise. It involves all aspects of record preparation & keeping those records in a manner that contributes to better financial reports.

#SundayMorning

The end result of accounting is a set of financial reports that can be used by the managers, lenders and potential investors to improve the quality of their decisions.

#agritech
#AgricultureTAResult

Finance emphasizes on making decisions that lead to more profitable operations. The two functions however complement one another as most financial decisions make use of accounting information as input.

#MotivationMonday
#blessedsunday

If proper finance decisions are implemented, future financial results (reported in the financial statements) will most likely improve.

#icantbreathe
#farmersmarket
#farmers
#agribusiness