The Farmer Who Went to Harvest Without His Tools…
The third entrepreneur Mr. Emmanuel came seeking 7.5 million naira to commence the exportation of agricultural products to Russia. He claimed his company was in partnership with major agricultural groups in Germany, Singapore, Russia; that his company specialized in developing bio-fuel. His pitch to export bio-fuel extracted from agricultural produce got Femi Tejuoso concerned, “Industries in Nigeria are looking for this product to buy, so it doesn’t make sense for you to say that you’re exporting to Russia…” not getting the clue, this entrepreneur was insistent on exporting, “I have documents to prove that I’ve been exporting to Russia…” and when the dragons demanded to see this document, this entrepreneur announced, “it’s not here, it’s upstairs..” He received a little lecture in ‘pitching’ from the ringtone millionaire Alexander Amosu, “if you’re looking for 7.5 million naira from dragons or any other investor, and your presentation requires that you bring your house to convince them, you have to do that…but what you’ve done is leave the most important document you needed for this presentation somewhere else…”
Without saying, all the dragons opted out. Not before he was advised by Ibukun Awosika to use simpler diction in his presentations; cut down on the scientific and technical jargons.
Isn’t this the classic case of the famer who went to harvest, but left his hoe and cutlass at home?


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August 4th, 2008 at 1:18 pm
Yes, I quite agree with Ibukun Awosika. The presentation was too technical, I found it really difficult to understand the business idea.
August 8th, 2008 at 7:16 am
My sentiments exactly…I compare Emmanuel’s presentation to that of an empty barrel: so much air but no substance.