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Ideas to be a good business person, m.m.palitha mahinda munasinghe,Sri Lanka
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01/01/2008 mmpmm 1
AGRI-BASE ENTREPRENEURSHIPDEVELOPMENT
M.M.PALITHA MAHINDA MUNASINGHEFarm Mechanical Instructor
01/01/2008 mmpmm 2
An Entrepreneur
A person who organizes and manage a business undertaking and assuming the risk for the investment
Any person who starts and operates a business
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An Entrepreneurship
Agricultural Trainees have been entrepreneurs since the beginning of agricultural education
01/01/2008 mmpmm 4
Agricultural Entrepreneurship
The trainees plans, implements, operates and assumes financial risks in a farming activity or agricultural business
The trainees owns the materials and other required inputs and keeps financial records to determine return to investments
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Aspects of Entrepreneurship
The identification of market opportunity and the generation of a business ideas
The organizing and commitment of resources in the face of risk to pursue the opportunity
The creation of an operating business organization to implement the opportunity & motivated business ideas
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Early Entrepreneurship
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Entrepreneurship at present
Entrepreneurship in agriculture can still be raising livestock and growing crops
And much more than that
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Example of Agri-EntrepreneursLawn and Home Garden Maintenance ServiceMaking Poultry feedsProduce Dried Vegetables for MarketTractor and Farm Equipment RepairingOperating a Roadside MarketingMaking and Selling Processed FoodOperate a Small organic Farm Operate a Plant Nursery
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Successful Entrepreneurs
They have five characteristics
Entrepreneurs can expect long hours, high stress and endless problems, as they launch a new business
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Successful Entrepreneurs
Thinking ability or the characteristic that encompasses
• Creativity• Critical thinking• Analytical abilities • Originality
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Successful EntrepreneursHuman Relations
• The ability to motivate employees and customers negotiate with suppliers and convince lenders
• Personality plays a big part in success in this area
.
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Successful Entrepreneurs
• Communication Skills • Ability to make himself understood
Need strategic management skills
• They must consider the long and short-term implications of their decisions, their strengths and weaknesses and competition
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Entrepreneurship
Some advantages• You are your own boss• Enjoy the profits from you efforts• Sense of pride in your business• Flexibility in your work schedule
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An Entrepreneurship
Some disadvantages
Will need to put in long hoursNeed money to startHave to keep up with government rules and regulationsMay have to mark hard decisions May lose money
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Entrepreneurship Development
A new initiative to support entrepreneurship activities
Awards Competition program
Production promotional scheme
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SuggestionsRecognized the Agricultural entrepreneurship training
program Trainees go on for provincial level to national level
competitionOrganized cash award for entrepreneurs at the provincial
level