FARMING INDUSTRY GURU SPEAKS…MR RICHES AVBENAGHA
The area where I think is a major problem in the farming industry is people paying when and what they owe. Many times those who do business with us don’t want to pay when they owe us. I will tell you that they owe us up to 13 million to 15 million and as a result, we end up crossing people like that out. A lot of them have died business wise. This also applies to farmers. You must appreciate the value of your suppliers who supply you and pay them promptly. You must appreciates the value of your customers who are buying and you must see the value of your staff.
There are three customers you have. You have your staff. You have your suppliers. You have your buyers. The people you owe must be key. You must pay those you owe promptly. You must reserve your money for them before you feed your family. At the end of the month people who left their house for 30 days should be paid. I pay my staff well. As you can see they are all happy and that is because they get their money at the end of every month. Even sometimes I don’t even know when they collect their salaries. Some people see workers as slaves. This is not proper!
Contributed by MR RICHES AVBENAGHA, CEO, TRENDS VENTURES LTD
INTERVIEWED BY DR. JOSEPH DEJI FOLUTILE, PUBLISHER, FARMING ADVICE DIGEST
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