Partnership & Networking: Indispensible in Business

Posted on: February 13, 2016                  2836 visits

“No company can operate in isolation,” and “no network, no business,” these were echoed by Kwei Haliday and David Gobin during the School of Business colloquium at the 2016 CERI Entrepreneurial and Academic Fair (CCEAF) under the theme “Partnership and Networking for Business Development in Cameroon.” The speakers affirmed that partnerships and networks were very essential in the development and growth of businesses, thus they called on the students to begin networking as early as now.

According to Achankeng Collins, general manager of ANUCAM, partnerships and networking are inseparable and are guided by values such as integrity, ethics, quality of business and personnel as well as innovation. He opined that companies want to partner with people who can perform (creative thinkers/ innovators) emphasizing that partnerships and networking are key to economic growth success. He alongside Eyong Peter of the National Employment Fund outlined that networking and partnership give visibility, identify talents, skills of partners and reduces business risks. On this note they appealed to the students to identify the right kind of business, partners and network to maintain the identified partners.

CEO of Afrik Expansion, David Gobin expressed that it was important for project owners to identify stakeholders of the project as partners. He further mentioned that the business environment in Cameroon is not very organized, thus to be successful selecting the right people, making the project institutional and getting the right managers were steps in networking.

On the aspect of the law and ethics in partnerships, Kwei Haliday, deputy state counsel Mbanga, found in the Littoral Region of Cameroon voiced that partnerships and networking were gaining grounds in the world today, thus advised it was essential for companies and individuals to consider the law governing partnerships, ensure the legal capacity of both partners as well as consult a lawyer on the different clauses of the partnerships. Adding more to this, Francis Nforba Asah, certified national accountant said it was necessary for one to have the professional knowledge and skill in a field to be able to form partnerships. They confirmed the fact that there was no law backing partnerships and agreements in the country, thus recommended that it was preferable to settle partnership conflicts out of court.

Dr. Ako James, director of the Office of Institutional Advancement and Development, CUIB reiterated on the need to consider diligence and partner visibility when seeking partners. He however cautioned upcoming entrepreneurs to be aware of the kinds of partnerships they will develop, stating the need to make provision for an exit clause in partnership documents.

In all, the speakers told upcoming entrepreneurs that for business to develop it was necessary for them to value knowledge and skills as well as have confidence in their diligent partners and networks.