Cooperative Woos SMEs On Business Plans

The President/Chief Executive Officer (CEO) of iEBS Matrixx Cooperative and Credit Society Limited, Dr Larry Goodwill Ajiola, has reiterated the need for entrepreneurs to draw business plans before raising any money for the business.
Ajiola, who made this known in a forum in Port Harcourt, said the mistake of waiting for the money before drawing business plans  leads to regrets.
He noted the danger and temptation of diverting the business funds to other pressing areas during the time of planning, stating that “drawing the business plans before the capital comes remains the best for any serious-minded Small and Medium Enterprises (SMEs) owners”.
Ajiola, who is also a UN Eminent Peace Ambassador, drew the attention of iEBS Cooperative members to businesses that would benefit members, especially those who do not have business  ideas ahead the expected grants that would soon come to the members.
“Read the following business opportunities in Nigeria and draw plans before you get either your Supreme or Theoberth grants.
“Cashew nuts exportation business, Palm Oil business, Blue  Collar business, among others”, he said, stressing that “there are profitable businesses for SMEs”.
The Ambassador, who is also an international SME business consultant stated that diverting business capitals to other things due to delay in drawing business plans accounts for many businesses that have been shut, saying that “money does not stay in people’s hands. Immediate investment has always been the best for SMEs”.
He emphasised the need for government to pay more attention to SMEs, stressing that “the economy of the nation can experience a turn around if Nigeria will invest in building healthy SMEs”.

By: Lilian Peters