Global Forum on Food Security and Nutrition (FSN Forum)

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    • Many of the Youth trained have grasped the vital importance of super-imposing Business Skills on Production Skills in order to make a Success of Agriculture as a Business.

      They can now Study their Business Environments, Identify their Strategic Business Priorities and use these to develop their own Peculiar Business Plans that would guide future Deployment of Financial, Material and Human Resources.

      However, many of them are constrained by Finances as they are yet to acquire Loans or Grants to actualize their Dreams and Plans.

      But those who have been fortunate to raise Funds are Managing their Businesses more Prudently and Efficiently - Identifying (and Negotiating) with Markets even BEFORE Production, Maintaing Industrial Harmony by Managing Human Hesources fairly to both Employer and Employee, Proactively Identifying Potential Risks (not just Production Risks but Enterprise Wide Risks Assessment) to Business Success and Mitigating those Risks BEFORE they materialize etc.

      In addition, the Business Management Training has given them Boldness, which is not evident in Agripreneurs without this type of Training.

      It is still early days, so it is premature to fully report Successes, but the Prognisis is certainly Reassuring.

    • A CASE FOR BUSINESS EDUCATION FOR YOUTH AGRIPRENEURS

      AGRIBUSINESS

      A combination of 2 words – Agriculture and Business

      There's a need to ensure that Youth Agripreneurs have sound knowledge of the Technicalities of Agriculture Production

      Equally important is the Development of Business Management Skills

      WHY BUSINESS SKILLS?

      Majority of Agribusiness failures are direct results of the failure of Business Skills and NOT Agriculture Skills

      The Apathy of Banks to Agriculture is primarily based on their Lack of Faith in the Business Skills of the Agriprenuer.

      We have invested in Agriculture Capacity Development for many years but we have not seen commensurate Growth in Production

      Many Small Agriculture Loans are unpaid – further strengthening the Bankers’ apathy and Reluctance to finance New Agripreneurs

      Capacity Building for Youth Agripreneurs must include Business School Curriculum

      CURRENT SITUATION

      Capacity Development has focused majorly on Production and Operational Topics to the Disadvantage of Business Management Skills

      The result is that whilst the Youth have the Technical Know-how to run their Agribusinesses, they fail when it comes to Business Management Skills like Financial Planning & Budgeting, Marketing, Negotiation, Organizational Discipline, Sales, and Supply Chain Management etc.

      This situation is not limited to Agribusinesses; we have seen global examples of Google etc. which would have failed if they had not brought in Business Managers to manage the Business side of things.

      Since Young Entrepreneurs cannot afford to recruit Business Managers, it is very essential that all Capacity Development Initiatives directed at them have a Significant Amount of Business Management Curriculum.

      ESSENTIAL BUSINESS SKILLS

      Vital Business Management Skills Fundamental to the Success of ANY Business Irrespective of its Activity or Size include:

      1. Strategic Planning and Forecasting
      2. Human Resources Management
      3. Sales and Marketing
      4. Financial Management and Building BANKABLE Businesses
      5. Basic Accounting
      6. Operations and Supply Chain Management
      7. Enterprise Risks Management
      8. Self-Management and Leadership

      EFFORTS SO FAR

      I have spent a number of years working with the IITA Youth Agripreneurs in Ibadan, Nigeria.

      IITA taught them the Production Processes, whilst we taught Business Management.

      We have been able to translate them from Idealist Technocrats to Savvy Business People who understand how the Real Business World operates and how they should maneuver their businesses profitably.

      They have learnt how to deal with HR issues and Improve Individual Productivity and Organizational Discipline.

      They have become Prudent Managers of Financial Resources and understand HOW TO Achieve Financial Success.

      WAY FORWARD

      Upgrade the Quality of Business Education in Capacity Development Initiatives.

      Introduce Financial Literacy and Entrepreneurship Education at Secondary and Tertiary School Levels.

      Encourage Banks and Fund Providers to get “Agriculture Literacy” - in order to understand the Industry better and consequently be able to Structure Agriculture Loans well.

      THANK YOU