Young people hoping to venture into agribusiness have been advised to consider starting their businesses independently on a small scale rather than immediately entering partnerships with friends, particularly when they lack clear arrangements for sharing responsibilities, managing losses and accounting for investments.
Executive Director of the Centre for Climate Change & Food Security (CCCFS) and Director of the West African Journalists for Environment, Science, Health and Agriculture (WAJESHA), Engr. Mahmud Mohammed-Nurudeen, says business partnerships, although potentially beneficial, can strain friendships when partners do not have equal access to information about the operations and financial performance of their businesses.
He gave the advice while responding to a question about starting a business and the challenges of entering partnerships during an Agribusiness Incubation Workshop organised by residents of Jacob Jonas Nortey Hall at Valley View University’s Oyibi campus.
“If y...
Read more on MyJoyOnline