How to be Successful in Agricultural Enterprises

There are several things you need to do, if you want to be successful in agricultural enterprises. These principles apply whether you are involved in crop husbandry or in animal husbandry. The same principles apply if you are involved in the sale of agricultural inputs, agricultural machinery, agricultural consultancy or in the agricultural produce trade.

Whatever the nature of the agricultural enterprise you are involved in, if you want to be successful, you need to:

  1. Ensure that you have adequate capital to start out with: many agricultural enterprises fail due to capitalization issues. It is better to delay in starting the agricultural enterprise (or alternatively start it on a small scale), than to start an undercapitalized enterprise that is doomed to fail.
  2. Hire the best possible employees: this requires proper advertisement of the job vacancies and objective aptitude tests as well as proper interviews.
  3. Ensure that you manage your employees in the best possible manner: this is mainly a question of getting the employees to deliver in an optimal manner without putting too much pressure on them.
  4. Keep proper business records: here, you have to identify the specific records/accounts you will need to keep, and then ensure that you (consistently) update them in line with every transaction that takes place within the agricultural enterprise.
  5. Manage your time well: the most important thing here is to try to figure out what your priorities are, and generally ensure that you allocate enough time to the high-priority activities. For instance, you may find yourself in a situation where you have to choose between writing an invoice for your agricultural enterprise and, say, completing the Dollar General customer survey at dgcustomerfirst.com. In thisĀ  case, writing the invoice is obviously the higher priority activity. Yet the temptation to procrastinate it and, in the meantime, complete the customer survey is very strong. So you need to develop some level of self-control and willpower, if you are to be successful in managing your time well — especially if you are working in an agricultural enterprise where things move fast.

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