Module 1/Week 1 Agricultural Entrepreneurship Characteristics
1. Historic Business Sectors in the World
Human civilization has historically relied on agriculture. It is also one of the biggest,
employing over 1 billion people worldwide. The process of starting and operating an agriculture-
based firm is referred to as agricultural entrepreneurship. It’s understandable why so many
individuals are drawn to this field given its extensive past and promising future.
2. Use of New Technological Developments
The agricultural sector is evolving due to new technological advancements. Modern genetic
engineering and precision farming methods are only two examples of how technology is helping
farmers become more effective, productive, and environmentally friendly. The main goal of
agricultural entrepreneurship is to embrace this new technology and use them to develop original
solutions to contemporary issues.
Some examples of technology usage in modern agriculture include Precision agriculture,
automated machinery, Biotechnology, Drones usage, and Agri related Data analytics. These are just a
few examples of the many ways that technology is being used in modern agriculture to improve
efficiency, sustainability, and productivity.
3. Easy to Start Entrepreneurial Career
It’s not difficult to begin a career in agriculture entrepreneurship. Farmers can begin with
low-cost, small-scale endeavors like backyard gardens or neighborhood farmers’ markets. After that,
they can progressively broaden their business and change up their product offerings to appeal to
new audiences. There are many prospects for farmers to be successful in this industry given the
rising demand for regional and organic food.
4. Lack of Entrepreneurial Skills
Farmers frequently lack the entrepreneurship skills needed to operate a successful business.
They might not have any background in management, finance, or marketing. However, agricultural
entrepreneurship necessitates a distinct set of industry-specific knowledge and skills.
Farmers may lack entrepreneurial skills for several reasons: Lack of training, Focus on
production, Limited access to information and resources, Risk aversion, and Cultural factors.
Addressing these challenges can help to support the growth of agricultural entrepreneurship and
promote more sustainable and innovative farming practices. It is crucial to offer them training and
resources.
5. Strengthening the Local & Global Food Security
Agricultural entrepreneurship can improve both national and international food security.
Farmers can increase local food production and decrease their reliance on imports by utilizing
available resources and undeveloped land. This strengthens the local economy and creates more job
prospects. Farmers can also contribute by guaranteeing long-term food security for future
generations by sustainably growing food.
6. Generating More Job Opportunities
Entrepreneurship in the agricultural sector contributes significantly to economic output and
employment. Workers are required in more occupations as the industry expands, including
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production, processing, marketing, and distribution. By creating more work opportunities,
agricultural entrepreneurship can help reduce poverty and stimulate economic growth in rural areas.
7. Potential to Create Innovations
Agricultural entrepreneurship has the potential to develop ground-breaking answers to
contemporary issues. Value-added items made by farmers include organic fertilizers, biofuels, and
nutritious foods. These goods help the environment and public health in addition to giving farmers
more sources of revenue. Agricultural entrepreneurs have the opportunity to make a major
difference because of the wide range of options in this industry.
8. Related to Emerging Entrepreneurial Fields
The fields of green entrepreneurship, sustainable entrepreneurship, and social
entrepreneurship are all interconnected with agricultural entrepreneurship. Agricultural
entrepreneurs may improve the environment, society, and economy by emphasizing sustainability,
social responsibility, and innovation.
Implementing procedures that lessen waste and encourage conservation is one-way
agricultural enterprises contribute to sustainability. For instance, using organic agricultural methods
can assist in lowering the usage of hazardous chemicals that are harmful to both the environment
and human health. By adopting renewable energy sources and putting into place water conservation
measures, farming operations can also lessen their carbon footprint.
Agricultural entrepreneurship can enhance social responsibility by enhancing farmers’ and
local communities’ quality of life in addition to advancing sustainability. For instance, establishing
regional markets for agricultural products can assist farmers in receiving a fair price for their
harvests and promote regional economic growth. Agribusiness owners can also put in place
initiatives that help farmers become more productive and profitable by offering them support and
training.
9. Facing Ecological Threats
Environmental hazards to agricultural entrepreneurship include soil erosion, water scarcity,
and climate change. Adopting sustainable and regenerative practices that can lessen these threats is
therefore crucial. Agricultural enterprises may help protect the environment and guarantee long-
term food security by using sustainable practices.
Promoting sustainable farming practices, encouraging the use of renewable energy,
implementing precision farming technologies, supporting agroforestry, and investing in research and
development are the go through ways to overcome ecological threats in agripreneurship.
Agricultural Entrepreneurship Examples
a. Vertical Farming
A contemporary agricultural practice known as “vertical farming” entails employing artificial
lighting and regulated settings to produce crops in vertical layers. With this novel method, farmers
can grow their crops year-round, in cities, and with less water and land use.
b. Sustainable Livestock Farming
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Utilizing cutting-edge techniques, sustainable livestock farming raises animals in a humane
and environmentally friendly manner. This includes rotating pastures, using fewer antibiotics, and
cutting back on waste and emissions.
c. Precision Agriculture
Utilizing technology in precision agriculture helps to increase crop yields and decrease
waste. To acquire information and determine the best course of action for planting, fertilizing, and
harvesting, this includes using GPS-guided equipment, sensors, and drones.
d. Agtech Startups
Startups in the agtech industry employ technology to address issues in the industry. These
startups frequently concentrate on creating innovative technologies that boost productivity, cut
waste, and raise revenue. The development of field of technopreneurship is a great way for agtech
entrepreneurs.
10 CHARACTERISTICS OF SUCCESSFUL ENTREPRENEURS
1. Curiosity
Successful entrepreneurs have a distinct personality trait that sets them apart from other
organizational leaders: a sense of curiosity. An entrepreneur's ability to remain curious allows them
to continuously seek new opportunities. Rather than settling for what they think they know,
entrepreneurs ask challenging questions and explore different avenues.
This is validated in the online course Entrepreneurship Essentials, where entrepreneurship is
described as a “process of discovery." Without curiosity, entrepreneurs can’t achieve their main
objective: discovering new opportunities. The drive they have to continuously ask questions and
challenge the status quo can lead them to valuable discoveries easily overlooked by other business
professionals.
2. Willingness to Experiment
Along with curiosity, entrepreneurs require an understanding of structured experimentation,
such as design thinking. With each new opportunity, an entrepreneur must run tests to determine if
it’s worthwhile to pursue. For example, if you have an idea for a new product or service that fulfills
an underserved demand, you’ll have to ensure customers are willing to pay for it and it meets their
needs. To do so, you’ll need to conduct thorough market research and run meaningful tests to
validate your idea and determine its potential.
3. Adaptability
Entrepreneurship is an iterative process, and new challenges and opportunities present
themselves at every turn. It’s nearly impossible to be prepared for every scenario, but successful
business leaders must be adaptable.
This is especially true for entrepreneurs who need to evaluate situations and remain flexible
to ensure their business keeps moving forward, no matter what unexpected changes occur.
4. Decisiveness
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To be successful, an entrepreneur has to make difficult decisions and stand by them. As a
leader, they’re responsible for guiding the trajectory of their business, including every aspect from
funding and strategy to resource allocation.
Being decisive doesn’t always mean being correct. Entrepreneurs need the confidence to
make challenging decisions and see them through to the end. If the outcome turns out to be less
than favorable, the decision to take corrective action is just as important.
5. Self-Awareness
A great entrepreneur is aware of their strengths and weaknesses. Rather than letting
shortcomings hold them back, they build well-rounded teams that complement their abilities.
In many cases, it’s the entrepreneurial team, rather than an individual, that drives a business
venture toward success. When starting your own business, it’s critical to surround yourself with
teammates who have complementary talents and contribute to a common goal.
6. Risk Tolerance
Entrepreneurship is often associated with risk. While it’s true that launching a venture
requires an entrepreneur to take risks, they also need to take steps to minimize it.
While many things can go wrong when launching a new venture, many things can go right.
According to Entrepreneurship Essentials, entrepreneurs who actively manage the relationship
between risk and reward position their companies to “benefit from the upside.”
Successful entrepreneurs are comfortable with encountering some level of risk to reap the
rewards of their efforts; however, their risk tolerance is tightly related to their efforts to mitigate it.
7. Comfort with Failure
In addition to risk-management and calculated decision-making, entrepreneurship requires a
certain level of comfort with failure.
“Of startups that have more than one employee, 70 percent survive at least two years, half
last at least five years, and a quarter last 15 years,” says Harvard Business School Professor William
Sahlman in Entrepreneurship Essentials. “Even then, only a small fraction of the survivors get to be
significant employers.” The reasons for failure are vast and encompass everything from a lack of
business scalability to low product-market fit. While many of these risks can be avoided, some are
inevitable.
Despite this, entrepreneurs must prepare themselves for, and be comfortable with, failure.
Rather than let fear hold them back, they maintain a positive attitude to allow the possibility of
success to propel them forward.
8. Persistence
While many successful entrepreneurs are comfortable with the possibility of failing, it
doesn’t mean they give up easily. Rather, they see failure as an opportunity to learn and grow.
Throughout the entrepreneurial process, many hypotheses turn out to be wrong, and some
ventures fail altogether. Part of what makes an entrepreneur successful is their willingness to learn
from mistakes, ask questions, and persist until they reach their goal.
9. Innovative Thinking
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Innovation often goes hand-in-hand with entrepreneurship. While innovation in business can
be defined as an idea that’s both novel and useful, it doesn’t always involve creating an entirely new
product or service. Some of the most successful startups have taken existing products or services
and drastically improved them to meet the changing needs of the market.
Although innovation doesn’t come naturally to every entrepreneur, it’s a type of strategic
mindset that can be cultivated. By developing your problem-solving skills, you’ll be well-equipped to
spot innovative opportunities and position your venture for success.
10. Long-Term Focus
Most people associate entrepreneurship with starting a business. While the early stages of launching
a venture, such as securing funding, are critical to its success, the process doesn’t end once the
business is operational.
According to Entrepreneurship Essentials, “it’s easy to start a business, but hard to grow a
sustainable and substantial one. Some of the greatest opportunities in history were discovered well
after a venture launched.”
Entrepreneurship is a long-term endeavor, and entrepreneurs must focus on the process
from beginning to end to ensure long-term success.
Entrepreneurs have more control over their schedules and can pursue the work that they
want. While this lifestyle sounds glamorous along with the passive income that comes along the
journey, it takes a lot of hard work and discipline to reach and maintain that level.
Entrepreneurs apply effective habits to achieve success and make positive impacts on their
communities. Knowing the lifestyle of a successful entrepreneur can help you grow a vibrant
business and increase your productivity.
What Is the Lifestyle of a Successful Agripreneur Like?
The life of a successful entrepreneur revolves around daily optimizations, routines, and
mindset shifts that allow them to perform at a high level. Some of the elements that make up the
lifestyle of a successful entrepreneur are discussed here:
1. Set Clear Goals
Setting clear goals makes it easier to track your progress and take action on your business.
The clarity in this area can guide your efforts and keep you focused on what has the most significant
impact on your company’s revenue. You can set goals around production targets, revenue
milestones, and other quantifiable goals. Business owners can also set deadlines for providing key
deliverables.
2. Prioritize Physical and Mental Health
The lifestyle of a successful entrepreneur isn’t just about working hard on a business.
Successful entrepreneurs also prioritize their physical and mental health. These individuals exercise
multiple times each week and get enough sleep each night. Entrepreneurs use routines like
meditation and journaling to strengthen their mental health.
3. Stay Disciplined
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Entrepreneurs are in the driver’s seat. While this provides a lot of freedom and flexibility,
you also have to stay on top of everything. You don’t have a boss telling you to get back to work. It is
up to you to continue working on what matters the most for your business.
The lifestyle of a successful entrepreneur revolves around constant discipline. You can set
reminders on your phone that motivate you to get back to work and look at your goals every day.
4. Open to Changes
The world moves fast, and it can feel faster for an entrepreneur who juggles many business
decisions in a changing market. The best entrepreneurs learn how to adapt based on changes in the
workplace, customer behavior, macroeconomic conditions, and other factors. Being open to changes
allows an entrepreneur to evolve and become a better leader.
5. Communicate Effectively
Entrepreneurs maintain effective communication with their workers. When the company
gets larger, entrepreneurs hire points of contact who communicate with workers and relay their
messages to the entrepreneur. The success or failure of any business is partially influenced by how
quickly information travels throughout the company and the information’s accuracy.
6. Take Calculated Risks
Entering a business requires risk-taking. Calculated risks are a fundamental part of the
lifestyle of a successful entrepreneur. If an entrepreneur wants more customers, they must decide if
it makes sense to buy a second retail location, invest more money into online advertising, or double
down on social media marketing efforts. Each of these options costs time and money. Entrepreneurs
look at data to assess which choice gives them the highest likelihood of success and the best possible
outcome.
7. Maintain a Healthy Work-Life Balance
Entrepreneurs are hard workers, but they also know when to step away. They spend time
with their families and work on their hobbies. Taking breaks allows entrepreneurs to return to work
feeling ready to tackle new challenges. The recharge can also help with productivity. Scheduling a
week’s vacation and making yourself available to family and friends in the evenings can help you
maintain a healthy work-life balance.
8. Solve Problems Proactively
Entrepreneurs act upon a problem instead of waiting passively for a conclusion. Business
owners have to actively resolve conflicts as they must retain talented workers and maintain good
relationships with customers.
9. Work Less But More Efficiently
Entrepreneurs don’t have much time for chatting away in cubicles. Full-time workers
optimize their time so they can pursue their business projects during lunch hours and later in the
day. These individuals start working early and get their key tasks done sooner than others. They
minimize potential distractions, and some of them wake up in the early morning to get started.
Entrepreneurs don’t necessarily work longer than everyone else, but they are efficient and
know what needs to be done.
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10. Consider Failure as a Learning Opportunity
Everyone makes mistakes, but the way people view those mistakes can lead to
improvements. Entrepreneurs try new business ideas and projects constantly, and that means they
make many mistakes along the way. Instead of getting discouraged by their mistakes, entrepreneurs
look at them as learning opportunities. They strive to become better with each failure and use those
lessons to build successful companies.
11. Celebrate Small Wins
Entrepreneurs set ambitious goals, but they also know how to celebrate small wins. Taking
small breaks to acknowledge recent successes can motivate you to pursue bigger goals and put in
more work.
If you only look at large milestones and focus on how far you are away from them, the
entrepreneurial journey can become discouraging. Celebrating small wins helps entrepreneurs build
momentum and achieve bigger wins in the future.
12. Manage Finances Responsibly
Every successful entrepreneur stays on top of their finances. A good business model with a
steady stream of customers can still collapse if the finances aren’t kept in order. Tracking income
and expenses is a core component of the lifestyle of a successful entrepreneur.
You can write down your income and expenses, record them in spreadsheets, and look at
your previous bank account and credit card statements to gauge how you use your money.
13. Welcome Competition
Successful entrepreneurs are not afraid of competitors, as competition enables collaboration
opportunities and inspires entrepreneurs to improve their craft. Entrepreneurs who operate from a
state of fear do not remain entrepreneurs for long.
14. Let Others Be Leaders
Entrepreneurs are leaders and make decisions on their own, but you must also give your
workers opportunities to lead and make decisions. If a company relies on an entrepreneur for
guidance and key decisions, that entrepreneur will struggle to go on vacations.
Allowing others to be leaders ensures the company can run smoothly without you.
Demonstrating you have a good team in place can also help you command a higher valuation if you
want to sell your company.
15. Value Networking
Entrepreneurs connect with other entrepreneurs in the industry and build their networks. A
large network gives an entrepreneur more resources and easier access to certain markets and
opportunities. You can connect with 1-5 people each day on social networks like LinkedIn and by
talking with business owners in your local community.
16. Embrace Lifelong Learning
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Entrepreneurs continuously learn new things by reading books, listening to podcasts, and
consuming other information. They study the core components, such as business lessons and
personal development, but they also look at market trends and what is happening in the economy.
17. Confident in Their Decision Making
Entrepreneurs aren’t perfect and make many mistakes, but they are confident in their
decisions. A decision implemented with confidence can get an entrepreneur further than taking the
same action while lacking confidence.
Entrepreneurs can learn from their mistakes, adapt, and listen to feedback, but confidence is
a key component of entrepreneurship.
Embarking on the Entrepreneurial Journey
The lifestyle of an entrepreneur can be very rewarding. Entrepreneurs get to make decisions
for their companies, hire workers, pursue the work they love, and reach new customers.
FAQs
1. Can anyone become a successful entrepreneur?
Yes, anyone can become a successful entrepreneur. Not every entrepreneur starts with
significant wealth or resources. There are plenty of rags-to-riches stories individuals can emulate.
2. How do successful entrepreneurs differentiate themselves from others in the market?
Successful entrepreneurs differentiate themselves from others in the market by analyzing
industry trends and listening to their customers.
3. Can successful entrepreneurs have a personal life outside of work?
Yes, successful entrepreneurs can have personal lives outside of work. Many entrepreneurs
maintain an effective work-life balance. Hearing about high-profile entrepreneurs struggling with
work-life balance makes for interesting news stories but does not reflect the journey of every
entrepreneur.
4. How do successful entrepreneurs deal with setbacks or obstacles?
Successful entrepreneurs view setbacks and obstacles as learning opportunities, giving them
the ability to improve.
What are entrepreneurial skills?
Entrepreneurial skills can encompass a broad range of various skill sets like technical skills,
leadership and business management skills and creative thinking. Because entrepreneurial skills can
be applied to many different job roles and industries, developing your entrepreneurial skills can
mean developing several types of skill sets. For instance, to be a successful business owner, you may
need to develop your business management skills. To build and maintain successful project teams
you might need to improve your leadership and communication skills.
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Entrepreneurial skills can encompass a large range of both soft and hard skills. Because of
the many business roles entrepreneurs may take on, they may also develop a variety of different skill
sets to accommodate the growth of their businesses and brands. Developing the following skill sets
can also help you develop your entrepreneurial skills.
a. Business management skills
Successful entrepreneurs will most often rely on their business skills to manage and run a
business or brand. Developing your business management skills can mean building up your ability to
multitask, delegate responsibilities to subordinates and making decisions regarding the health and
profitability of your business.
b. Teamwork and leadership skills
Becoming a successful entrepreneur can also mean taking on leadership roles and working
as part of a team. Being a business owner means you will most likely act as both a supervisor and as
part of a team, and you will need to rely on effective leadership skills to help motivate your team.
c. Communication and listening
Business owners and entrepreneurs should also develop effective communication skills.
From active listening to discussions during meetings, being able to communicate effectively can help
you work with others to build your business. Likewise, effective communication can also translate to
how you promote awareness of your brand. For instance, effective and clear messages through
emails, content marketing, social media and other advertising methods can positively influence how
you reach your target market.
d. Customer service skills
No matter the industry you venture into as an entrepreneur, you may still need to develop
effective customer service skills. From talking with potential clients to discussing opening
partnerships, effective customer service skills can help you connect with your customer base and
ensure your brand is providing the products or services your market needs.
e. Financial skills
Owning a business can also mean taking care of the financial aspects of your organization.
You can develop financial skills by learning from a financial planner, reading financial guidebooks and
using financial software to help you organize and keep track of the financial processes in your
business.
f. Analytical and problem-solving skills
Successful entrepreneurs may also have exceptional analytical and problem-solving skills.
This is because there can be many aspects of building a brand or business that can require difficult
decisions, finding solutions to obstacles and using creative thinking to develop plans and strategies
that will help you achieve your business goals.
g. Critical thinking skills
Critical thinking skills, like analytical skills, can be necessary for developing your overall
entrepreneurial skills. Being able to look at problems, situations, projects and operations from
different perspectives can help in decision-making and problem solving. Critical thinking skills can
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also be necessary for strategic planning and evaluating the approaches you're using to make changes
or improve your business strategies as needed.
h. Strategic thinking and planning skills
Critical thinking skills can also translate into strategic thinking skills. Entrepreneurs who have built
brands and businesses most likely applied their strategic planning skills to develop strategies for
growing and developing their businesses. To be successful as an entrepreneur, it takes planning and
being able to think strategically can allow you to find ways to beat out your competition, grow your
market reach or implement effective strategies to reach your goals.
i. Technical skills
Because of the availability of software programs for financial analysis, planning, marketing
and other business processes, it can be extremely beneficial to develop your technical skills.
Entrepreneurs with efficient technological skills can use software and other digital approaches for
managing projects, tracking sales and revenue and measuring the performance of business growth.
j. Time management and organizational skills
Time management and organization are also important skills for entrepreneurs to have.
Strategies that can help develop these skill sets include breaking down tasks into manageable to-do
lists and setting deadlines and achievable objectives for yourself and for your team. Additionally, you
might implement technology to help keep business files organized or employ an office assistant to
help you keep paperwork, business records and customer files organized.
k. Branding, marketing and networking skills
Entrepreneurs may spend the majority of their time marketing and networking with other
professionals to promote and grow their brands. Being able to implement successful branding and
marketing strategies can be an essential aspect of becoming an entrepreneur. You might take a free
online course to get started with branding and marketing basics, and you can also meet with other
entrepreneurs to help grow your network.
There can be many different methods that you can use to develop your entrepreneurial
skills. You might take a class, attend a seminar or participate in a networking workshop. You might
also consider the following steps to help you improve your skill set.
1. Take a course
One highly effective method to improving your skill set as an entrepreneur is to take a
course on business, marketing, financial planning or another management aspect of developing your
own brand. Taking a business course, for example, can help you develop the business management
skills necessary to achieve success as an entrepreneur.
2. Attend events and workshops
You might also attend entrepreneurial workshops and networking events. Many of these
types of events may have experienced business owners and entrepreneurs speaking about business
and networking topics. Aside from the direct benefit of learning, you can also gain valuable contacts,
talk with experienced brand owners and speakers and get insight into your business.
3. Seek out experienced mentors
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Much like asking questions in a class, seeking out mentors can also be highly beneficial to
developing your entrepreneurial skills. You might shadow a brand owner for a day to observe how
they manage their business, or you might meet with a professional group once a week to discuss
how you are implementing various skills and resources to build your brand. Oftentimes, experienced
and successful entrepreneurs are more than happy to help mentor you and offer their professional
advice.
4. Build your leadership skills
You might seek out opportunities to be the team leader or manager to help you practice
these skills. As you perform in leadership roles, you might ask for feedback from teammates and
other colleagues to help you further develop your management and leadership skills.
5. Learn how to manage finances
Another key aspect of owning your own business is that you will most likely be managing
your business's finances. You can usually employ a financial planner for assistance, however, it can
be to your advantage to learn about the financial processes that take place within a business.
Entrepreneurial skills in the workplace
As you develop your entrepreneurial skill set, you can practice applying your skills in the workplace
by:
Finding leadership opportunities such as managing specific projects or teams, and requesting
feedback on your performance as team leader to help you improve these skills
Helping coworkers organize and manage their time by helping them develop strategies that keep
them organized and on task
Learning new skills that can transfer to owning your own business-like financial analysis, budgeting
or networking skills
Learning from your supervisors by observing the approaches they use to manage teams, make
decisions and collaborate with other managers. There are all sorts of ways that you might practice
applying and developing your entrepreneurial skills, and these tips can be a helpful place to start.
How to start an Agriculture Business in the Philippines?
Around 20% of the Philippines’s gross domestic product is generated by agriculture, forestry,
and fishery, and nearly two-fifths of all jobs in the nation come from this industry. This industry is
aided by the country’s topography and general makeup. There are more than 30 million hectares of
prime agricultural lands in the country. A multitude of water bodies surrounds the country. It has a
tropical climate that makes it ideal for the cultivation of food crops. There are several opportunities
in providing products for the home markets and in the export sector. It’s sometimes best to start
small. Perhaps you already own that piece of land in the province. It’ll probably be best to start
small, utilising money from your personal budget at first. There are various government bodies that
provide grants to young or beginning farmers, so be sure to check them out. Their programmes
provide training, discounted equipment, certification support, and other forms of aid.
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1. The Right License should be obtained;
There are different permits required when putting up a farm in the Philippines and becoming
operational. To sell, import, export, or even transfer products from farms in the Philippines, you
need various permits.
To obtain your business license for agriculture, you can contact Philippine Coconut Authority
(PCA) for Coconuts, Fiber Development Authority (FIDA) for Fibre, Bureau of Fisheries and Aquatic
Resources (BFAR) for Fish and Aquatic Products, Bureau of Animal Industry (BAI) for Livestock,
Bureau of Plant Industry (BPI) for Plants, fruits, vegetables, plants, and other crops, Sugar Regulatory
Administration (SRA) for sugar-based business.
2. Make a Marketing Strategy;
When your agribusiness is ready to operate, you will need a marketing strategy that farmers,
suppliers, and other customers may use to learn more about your business. Make sure your
marketing strategy is solid and well-thought-out. If not, you might not be able to build and sustain
successful agribusiness in the Philippines.
3. Make a Plan and educate yourself on the Business side of things;
It is imperative that you have an agricultural business plan when you start any business. It’s
important to keep an eye on how the market is doing. Understanding supply and demand is
essential. A farm business process could involve detailed steps on how to operate one. How is the
management structure organised? What type of products will you offer? What are your preferred
price points? In what way will you handle logistics?
Following the ideation process, the business plan is developed. You should have a solid
agricultural business plan in which all of your team can look back to keep the business running
smoothly. You should have a strong foundation that keeps your business moving forward.
References:
GFRAS Agricultural Entrepreneurship
https://www.g-fras.org
Brainly .ph
https://brainly.ph
niir.org
https://www.niir.org/blog/start-agriculture-business-philippines/
indeed.com
https://www.indeed.com/ career development, career guide
Monster Jobs
https://www.monster.com Job Skills Development
LinkedIn
https://www.linkedin.com
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