Abstract
This chapter provides a synthesis of planning small-scale entrepreneurial skills to guide the current and prospective micro investors to harness wide ranges of agribusiness value chains in Nigeria. This initiative considered alternatives in business strategic options to harness the potentials therein, which involve production, distribution, processing of agricultural products and services integration for converting agricultural outputs for regular and timely supply of domestic and international needs. The current outcry for economic diversification couple with high rate of unemployment in Nigeria requires concerted efforts to boost the agriculture sector as a viable alternative for growth and development. Suffices to say, most agribusiness investors more often than not, experience failure because of the dearth of requisite business skills for planning the survival and growth of small-scale agribusinesses in the face of modern realities. In this wise, the chapter brings the benefits such as risk mitigation, cost savings, and income generation through combination of known production planning and business management skills. The chapter adopts discursive taxonomy, interpolating elicited facts from available literature plus the knowledge of ‘on-the-job-experience’ to promote and support the development of agribusinesses strategy for the transformation of the agriculture sector to generate employment, income, and promote food security, and competitiveness in the marketplaces.
Highlights
The motivation and commitment to develop this write-up for planning micro investment in agribusiness value-chains emanates from rational observations and conviction
In preparing a good business plan, it is crucial to find out whether or not (i) there exists viable market(s); or a new market platform can be created with easy for the product? (ii) How can the raw materials be obtained with ease? (iii) How can the skill labour be sourced with easy and at affordable cost? (iv) Is the necessary infrastructure readily available to facilitate operational activities? (v) The information on the costs of equipment, consumables and raw materials are known with absolute certainty. (vi) The sources of the expected income are known with absolute certainty, as well as been cost effective. (vii) There exists feasibility study report to guide the execution of the intended activities in the business plan
Since finance is the pivot of every business, agribusiness investors should note that financial failure could spell dome for the attainment of the set goals of the business venture
Summary
The motivation and commitment to develop this write-up for planning micro investment in agribusiness value-chains emanates from rational observations and conviction. On the foremost, the youths’ colossal neglects of agriculture business versus very high unemployment rates and the consequential poverty and misery in the country, for me, are unacceptable. More, so, this scenario is worsen by the population explosion demanding for food and the influx of imported food into the country, which further overstretched the country’s balance of payment crises. This scenario is worsen by the population explosion demanding for food and the influx of imported food into the country, which further overstretched the country’s balance of payment crises Another observable and convincing scenario is the under developed agricultural.
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