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<\/a><\/p>\nHe said this arrangement could create suspicion, particularly when the person managing the business begins reporting losses, unexpected expenditure or operational challenges that the other partners have not personally witnessed.<\/p>\n
\u201cIf you are there alone, they won’t believe the stories you tell them,\u201d he cautioned.<\/p>\n
Engr. Mohammed-Nurudeen explained that agribusinesses, especially poultry farms, are exposed to several uncertainties, including disease outbreaks, fluctuating production costs, market conditions and unfavourable weather.<\/p>\n
He said partners must therefore be actively involved and regularly informed about developments on the farm, including profits, losses, operational difficulties and the effects of adverse weather conditions.<\/p>\n
\u201cEnsure everyone is involved. Let everyone know what happens on the farm, the gains, losses, the bad weather, etc.,\u201d he stressed.<\/p>\n
When friendship meets business<\/strong><\/p>\n Drawing on his experience training and guiding young people interested in agribusiness, the climate and agricultural development expert said he had witnessed partnerships collapse because of mistrust and disagreements over money.<\/p>\n He cited cases involving graduates he had trained who ventured into poultry production together but eventually fell out and abandoned their businesses because each partner suspected the others of cheating.<\/p>\n \u201cI know graduates I trained who went into poultry business but later fought and dispersed because each thought they were being cheated,\u201d he recounted.<\/p>\n He warned that financial disagreements between friends could extend beyond the business and damage relationships that had existed for years.<\/p>\n In some instances, he said, a friend who feels cheated over an unpaid investment could resort to publicly accusing the other partner on social media, further complicating an already difficult situation.<\/p>\n For him, the potential consequences make it important for young entrepreneurs to carefully consider the implications of mixing friendship with financial commitments.<\/p>\n Partnerships are not entirely discouraged<\/strong><\/p>\n Although he recommends starting independently, Engr. Mohammed-Nurudeen clarified that he was not opposed to business partnerships.<\/p>\n Rather, he believes partnerships are more appropriate when an entrepreneur has established a business, understood its operational demands and reached a stage where additional investment, expertise or resources are needed to expand.<\/p>\n \u201cPartnership can come when you want to expand,\u201d he said.<\/p>\n His advice forms part of continued message to young people that agribusiness requires entrepreneurs to identify opportunities, understand the market, build useful relationships and develop the discipline needed to manage their businesses.<\/p>\n At the same workshop, he had urged young people not to wait until they accumulated substantial start-up capital before exploring opportunities across the agricultural value chain, arguing that identifying the right people and building networks could be just as important as money.<\/p>\n The workshop, held under the theme \u201cDeveloping the Anti-Fragile Mindset: Agribusiness as a Catalyst,\u201d explored opportunities for young people to establish sustainable businesses within the agricultural sector.<\/p>\n For aspiring entrepreneurs, he says starting small can be a deliberate way of protecting relationships, maintaining accountability and building a business strong enough to accommodate partnerships in the future.<\/p>","protected":false},"excerpt":{"rendered":" Engr. Mahmud Mohammed-Nurudeen says poor accountability and unequal involvement can turn friendships into disputes, urging aspiring entrepreneurs to build independently before expanding through partnerships.<\/p>","protected":false},"author":5,"featured_media":46422,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[81,130],"tags":[172,173,174],"class_list":["post-46421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-agriculture","category-food-security","tag-agribusiness","tag-entrepreneurship","tag-partnership"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t<\/p>\n