To become a sucessful agricultural entrepreneur, you must continue to find ways to not just farm, but to profit from your farming. An agricultural entrepreneur is more than having a farm. There are other options you can explore in the agric space. In exploring these options, there would be need for innovative thinking, partnership, agricultural research which can lead to a breakthrough in seed technology, and so on.
The same rule of entrepreneurship applies across every sector. Here are some ways to be successful in agriculture :
- Know your Big Why: There are several industries that you could have chosen, but why agriculture? In an industry that is not easily identified as glamorous, it’s only important that you ask yourself this question.
Once you understand your big ‘Why,’ it will be way easier to scale through your first hurdles as an agricultural entrepreneur.
It will be easier to put in the hard work so you can reap the big rewards. You will be able to see clearly that agriculture is not:
THE NEW OIL – But your contribution can save the world from hunger.
MMM – But you are bound to be a success when you help enough people get what they want: Food
A QUICK FIX – But with hard work and smart work, you will make a good profit
- Understand the sector: This is the first step to becoming successful in any business. To be successful in agriculture (this plays a strong influence no matter where you are in the value chain), you need to know:
- Which crops are planted when,
- In what part of the country is this crop in huge demand and
- What are the factors that can affect this crop?
- How much will I need to invest and how much profit will be made?
- How many times can this crop be planted in a year?
- What diseases affect this crop?
- Get a mentor: You can have a mentor even in agriculture.
Your mentor, who has already achieved what you want to achieve will be able to guide you every step of the way. He or she may be able to connect you with the right people and even take it a step further by introducing you to people in their network.
- Learning: By belonging to a community and practicing what you learn, let your learning have a meaning which becomes your identity.
Agriculture is a profitable business but more importantly, it’s a business for those with a mission to contribute to humanity’s continued existence and, it is a great avenue to impact your immediate society while making profits.