Our daily requirements of food and fiber products at desired place at required form and time come from efficient and hardworking of many business personnel in input, farm and food production and also in marketing them. The entire system in brief is called Agribusiness. Agri-business establishment leads to strengthening of infrastructural facilities in that area, expansion of credit, raw materials supply agencies, adoption of modern technology in production and marketing of agricultural products. It is generally believed that a business has a single objective, that is, to make profit. But it cannot be the only objective of business. While pursuing the objective of earning profit, business units do keep the interest of their owners in view. However, any business unit cannot ignore the interests of its employees, customers, the community, as well as the interests of society as a whole. For instance, no business can prosper in the long run unless fair wages are paid to the employees and customer satisfaction is given due importance. Again a business unit can prosper only if it enjoys the support and goodwill of people in general. Business objectives also need to be aimed at contributing to national goals and aspirations as well as towards international well-being.
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Did you know that SMEs make up 99.9% of enterprises in Sweden? They account for about 60% of total value added and 60% of total employment, underscoring their crucial role in the Swedish economy. Key Insights: - Diverse Contribution: SME production represents over 80% of the value added within sectors such as forestry, agriculture, fishing, hospitality, real estate, professional services, education, and other services. The only sector where SMEs provide less than 30% of the value added is mining and quarrying. - Growth Barriers: The challenges SMEs face vary by company size: 50–249 Employees: Competition from other companies. 0–9 Employees: Lack of time. 10–49 Employees: Access to skilled labor. - Internationalization and Growth: Growth Potential: Internationalized SMEs show a higher willingness to grow, with around 85% expressing a desire for growth compared to just 70% of non-internationalized SMEs. - Global Reach: About 25% of Swedish SMEs are involved in international business activities. The breakdown is as follows: 13% export goods, 15% import goods, 1% are branches of foreign companies, 7% engage in cross-border intercompany collaboration and 19% of medium-sized companies (50-249 employees) have part of their business located overseas. Sweden’s SMEs are the backbone of its economy, driving innovation and job creation. Contact us to know more about how the MBE Master Franchise is a fantastic opportunity to enter an economy that offers a multitude of options for firms and investors.
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Starting and growing a successful business has a lot in common with farming. Both require a dose of: - patience - hard work, and - the ability to adapt to changing conditions. In business, you must first prepare the "soil" by understanding your target market. A farmer evaluates the land and climate to determine the best crops to grow. Next, you plant the "seeds" of your business - your products and services. A farmer chooses which seeds to sow. Business owners must carefully select the right offerings for their customers. As your business takes root, you must nurture its growth by attracting and retaining customers. A farmer tends to crops by constant monitoring, pruning, and providing the right nutrients (marketing, customer service, etc.). Finally, when conditions are right, you can "harvest" the rewards of your labor in the form of profits. A farmers reaps the reward of a successful growing season. The parallels between business and farming are striking. Use these farming analogies for guidance on running a thriving business.
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#insights from the experienced and learned business builders! It's pretty easy to build businesses in an urban environment where one gets learned professionals in every domain to get the business vehicle moved more systematically and organised as per the skill level people available and easily accessible. I am intrigued to know from you all how a business could be started from basically an rural area from villages, where one doesn't have any experienced learned people for the purpose of effecting a business build up or scale the business where a strong cohesive buildup of village society tied up to their old thoughts still stuck up in the same rituals? I am now in this situation , planting my feet into a business from a village will not be so educated and trained in skilled force. Your insights would motivate me on through your practical insights. Mind it I am an urban guy plonked myself into strange village atmosphere. How do I go about in enhancing agri business?
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BUSINESS WEDNESDAY POST Empowering SMES Ethical Business Practices for Sustainable Growth I am from a school of thought that emphasizes communal responsibilities in the sustainable growth of SMEs. All businesses need your act of awareness yours or not. Share your friends’ business pages and tag them when need be. Support SMEs by conserving resources: switch off lights and taps in Airbnb stays to reduce costs. Conserve restaurant supplies like napkins and condiments to minimize waste and expenses. Always demand receipts for payments made, avoiding under-the-table deals for transparency. Avoid paying bribes or cutting corners for cheaper deals, maintaining integrity in transactions. Respect entrance fees; don't bypass charges by bribing bouncers at venues. Honor agreements with tailors and salonists; don't undercut owners by paying workers behind their backs. Refrain from bribing guards or staff to avoid fair payments and maintain professionalism. also rem Address misconduct within businesses by reporting issues to owners or authorities. Provide honest public reviews to support businesses positively or address concerns privately for improvement. anyway... Have ever dreamed of starting a simple business in poultry Farming? if you have been in it, then join us for more on the rearing business, for more join our next class on Poultry farming; WhatsApp 0104 230798 Followers Orondo John
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BUSINESS FUNDAMENTALS IN AGRICULTURE. Understanding the nature of business is fundamental to achieving success. Today we're going to consider the Components of the Nature of Business. The business world is vast, but every business revolves around specific fundamental components at its core. These components come together to define a business's structure, purpose, and functions. Here's a deeper dive into these integral elements: 1. Purpose: Every business starts with a purpose. It's the foundation, answering the question: "Why does this entity exist?" For some businesses, the objective is to sell products; for others, it's about providing specialized services, and for many, it's about solving specific market problems. This purpose becomes the North Star, guiding every business activity and decision. 2. Activities: Just like we engage in daily tasks and routines, businesses have their set of operations. This could range from designing products, sourcing materials, and manufacturing to even marketing and sales. These activities define what the business does daily to fulfill its purpose. 3. Scale: The size or scale of a business can vary. Some operate within small local communities – think of the mom-and-pop shops. Others are sprawling enterprises with a footprint that spans across countries or even continents. The scale dictates the reach, operations, and, often, the complexities a business might face. 4. Stakeholders: Businesses don't operate in isolation. They involve various stakeholders, including owners, employees, customers, suppliers, and even the communities they operate in. Each stakeholder has a role, an interest, and an expectation from the business. 5. Economic Contribution: A business isn't just about its owners or employees. It plays a pivotal role in the broader economy. Through its operations, it contributes via job creation, taxes, boosting trade, and even fostering innovation. 6. Risks & Challenges: The business landscape is dynamic. External factors like competition, market trends, regulations, and even unforeseen events can pose challenges. Recognizing and navigating these risks is vital for the business's sustainability and growth. 7. Legal Structure: Businesses operate within a legal framework. Depending on the region or country, various legal structures are available, such as sole proprietorships, partnerships, or corporations. This structure defines legal responsibilities, benefits, and limitations a business has. To sum it up, the nature of business is a blend of its purpose, daily functions, size, interconnected relationships, contribution to the economy, potential challenges, and legal standing. Each component interplays with the other, forming the intricate mosaic of what we know as 'business'. #agricissexy #Businessfundamentals #embraceagriculture
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Agripreneur Animal Nutritionist Agronomist Farmer Organic poultry farmer Greenhouse and hydroponics technologist Agro produce Supplier Agro produce Trader
Wanna delve into Agribusiness? You might find this piece valuable. Agribusiness is a large sector. It’s not solely about production, there are other entrance points. Basically there are three(3) key players in the agricultural market system. The core players which includes the producers, distributors and consumers. The supporting function which refers to all the systems that make production and distribution possible such as logistics, service renderers, input suppliers etc. And lastly the rules of engagement which includes various entities and agencies that influence the business environment through formulation of rules and regulations and provision of infrastructures. So you don’t necessarily have to be within the core players, there are several entrance points in the supporting function. However, it is not just enough to simply decide an entrance point, an entrepreneurial mindset is necessary. You need to have something set before you, as an entrepreneur you ain’t just taking up a venture, you would have actually perceived a problem you want to solve and that becomes your vision. Your vision keeps you moving even when you hit the rock, going into any business with no vision will sure lead to a roadblock so it’s crucial for you to first identify a problem, draw a map on what you intend to do to solve it, how to execute that, where to execute and the resources required. It’s important to consider the people or organisations you will need partner with. An understanding of the business environment is essential too. Who are your target customers? What do you intend to do differently from the existing businesses to satisfy your target customers? Where are your target customers? What are their demands or needs or problems? What are the resources available (strengths)? What are the threats? Also know that the food market is dynamic as consumers taste change with seasons, circumstances or economic situations, hence one needs to be strategic. Securing a high purchasing market should be top notch in all your planning as you think of coming into the agribusiness sector, a larger marketable surplus is useless until it has economic access to the targeted customers. I will stop here 🫶🏻
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what a mechanise tools
Program management| Agribusiness| Value chain analysis| Knowledge Management| Partnerships| Sustainability| Innovations| Content creation| Social media management| Economics| Business Development| Dairy Farmer
About small machines that makes work easier. Forget about the sugarcane peeler for micro businesses, now introducing the sugarcane cutter attached to the peeler! Productive Use equipment enhance efficiency and effectiveness by reducing the time and labour involved (drudgery) The micro business therefore can do more for less! Can you the way it has made joint sorting easier! No more queuing at your sugarcane joint. Is it a hit or miss? We can do more 💪. We can be more. Share/REPOST the video for wider reach ❤️. Also click the bell 🔔 icon and follow @Wangechi Kuria for practical agribusiness conversations.
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Program management| Agribusiness| Value chain analysis| Knowledge Management| Partnerships| Sustainability| Innovations| Content creation| Social media management| Economics| Business Development| Dairy Farmer
About small machines that makes work easier. Forget about the sugarcane peeler for micro businesses, now introducing the sugarcane cutter attached to the peeler! Productive Use equipment enhance efficiency and effectiveness by reducing the time and labour involved (drudgery) The micro business therefore can do more for less! Can you the way it has made joint sorting easier! No more queuing at your sugarcane joint. Is it a hit or miss? We can do more 💪. We can be more. Share/REPOST the video for wider reach ❤️. Also click the bell 🔔 icon and follow @Wangechi Kuria for practical agribusiness conversations.