WHY YOU NEED TO TRACK YOUR BUSINESS EXPENSES?  Due to the human nature, we find it more interesting pleasurable to focus on money coming into the business (cash flow) than how it is been spent.  In business however, expenses are usually incurred during the course of production of goods and services. Therefore failure to track your business expenses can lead to you short changing yourself. Tracking or monitoring your Agribusiness expenses enables you as a business owner to capture all the cost incurred during the course of production of your goods and services from start to finish.  It gives you the full picture of your cash outflow.  This also allows you to know your TOTAL cost of production and eventually your actual cost price. As it is not enough just assume your cost price or even adopt your competitors cost price as your own.  When you track your expenses,you will be able to fix the RIGHT selling price for your agricultural produce or product so...

Times like this causes us to look retrospectively at our various business models. With most Agribusinesses (agricultural related businesses) in this part of the world (Africa) conducting over 90 percent of business transactions offline or physically due to several reasons. Now that the whole world is craving for access to goods and services with minimum or zero physical contact, home delivery and e-payment systems (online money transfers) has become the order of the day for businesses that not only want to thrive but also want to remain relevant. People are still making money  As an Agribusiness owner, you must think of how to convey your products to buyers at their own convenience. You can make use of logistics service providers. As you do this, do not forget to give your products Attractive packaging that will make them want to buy more and also advertise your brand.  Statistics has shown that most people now spend most of their time on their phone...

Most times as Agripreneurs, when we think of investors, we tend to feel that our potential investor(s) can only come from the ultra rich community. And so we end up missing the immediate potential investors around us. The truth is, often times, your first set of potential Agribusiness investors are already in your existing network (family,friends, relatives, neigbours etc). Some of your friends may not have the cash you need but may already have the item you want to buy with the cash or may have an important contact that can be helpful. However, they may not be willing to go the extra mile for you if they believe you do not have the right approach to your business. As an Agribusiness owner, you always pitching your business to potential investors consciously or subconsciously. How to attract Investors 1.Have a track record of success: Forget about looking for investors. Yes, you are right! You read it correctly. It is not a mistake. Rather channel all your energy and reso...

This global lock down period has shown that at the base of it all one of the most pressing human needs is FOOD. As a matter of fact, people now tend to eat more than before as they are mostly at home. While it is obvious that this pandemic is already eliminating some industries, it is equally repositioning others and birthing new ones. In the post covid 19  period, we are going to witness a massive re-empowering of essential sectors such as Agriculture, Health, Technology and Education by proactive governments. And agricultural related businesses (such as farming, food processing, agro-logistics, agro-allied production or even sales) are going to thrive more than ever because people So, if you are an Agri-business owner that want to  expand his business or you always wanted to start a successful agribusiness venture, now is the best time to start preparing for it. Remember that farming and every other agribusinesses in Nigeria  are profitable ventures when do...