ENTREPRENEURSHIP OPPORTUNITIES IN AGRICULTURE

[Pages:30]ENTREPRENEURSHIP OPPORTUNITIES IN

AGRICULTURE

BY

AZEEZ . O. BELLO RAS, FASAN, FNIAS

EXECUTIVE CHAIRMAN AZEMOR AGRIBIZ LTD.

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BACKGROUND

We all have something to contribute.

CONTINOUS EDUCATION IS THE MINIMMUM REQUIREMENT FOR SUCCESS IN THIS MILLENNIUM.

ALTHOUGH IT DOES NOT GUARANTEE SUCCESS, LACK OF IT I GUARANTIES FAILIURE.

PERFORMANCE = (INNATE ABILITY + AQUIRED ABILITY ) ATTITUDE.

LUCK IS WHEN OPPOUTUNITY MEETS WITH PREPARATION.

MAN IS A PRODUCT OF HIS NATURE AND NUTURE.

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Background cont'd

New businesses must be established,

and

consequently

numerous

entrepreneurs are needed to establish and

operate these businesses

Hence it is important to understand the driving force behind entrepreneurs, and also to examine the possibility that these skills may be acquired

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What is Entrepreneurship?

The word entrepreneur originates from the French word, entreprendre, which means "to undertake."

Others:

one who organizes, manages, and assumes the risks of a business or enterprise. - MerriamWebster Dictionary

one who brings resources, labor, materials, and other assets into combinations that make their value greater than before. ? Economist

a person who is typically driven by certain forces.

- Psychologist

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Who is the Entrepreneur?

Entrepreneur, one who assumes the responsibility and the risk for a business operation with the expectation of making a profit.

The entrepreneur generally decides on the product, acquires the facilities, and brings together the labor force, capital, and production materials.

If the business succeeds, the entrepreneur reaps the reward of profits; if it fails, he or she takes the loss.

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Components of Entrepreneurship

Very few entrepreneurs have all these qualities in even proportions. However, the more of these traits an entrepreneur has the better his performance will be

Also while some of the traits are innate, a number of them can be acquired through tutelage or experience

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Components of Entrepreneurship Cont'd

Because of this, there are no hard and fast rules as to how one can become an entrepreneur. However, the less tangible components of these traits are described as the entrepreneur spirit

The manifestation of this spirit may be illustrated by considering a research by Cox Business School in the US which captures the characteristics of successful entrepreneurs as follows:

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