Opportunities for agri and rural entrepreneurship 1kiranRana48
Rural entrepreneurship has an imperative role to play in the development of Indian economy. Taking into account the fact that nearly 70 percent of the Indian population calls rural India it's home, adequate funding and support can provide a prosperous entrepreneur atmosphere in these communities
A shift from agriculture to agribusiness is an essential pathway to bring change or make revolution in Indian agriculture and to make more attractive and profitable venture. Agripreneurship has the potential to contribute to a range of social and economic development such as employment generation, poverty reduction and improvements in nutrition, health and overall food security in the national economy. Agripreneurship has got power to generate growth, diversifying income, providing widespread employment and entrepreneurial opportunities in rural areas.
REFERENCES :
1. http://www.businessmanagementideas.com/agripreneurship-2/agripreneurship-india-business/17511
2. http://www.ijsrp.org/research-paper-0314/ijsrp-p2770.pdf
3. https://www.thebetterindia.com/125044/5-agri-startups-farmers/
Agribusiness is one of the most challenging businesses today. Agribusiness has held up a large share of business niche. The volume of agribusiness is flourishing day-by-day. The term agribusiness coined first in 1957 by Goldberg and Davis. Agribusiness is not mere a business rather it is an useful tool for ensuring food security throughout the world and all sorts of basic needs as most of the basic requirements are filled up directly or indirectly with agro products. In near future agribusiness will be the central metaphor of business system for not only in our country but also to the whole world.
We may not overlook that Bangladesh is an agrarian country and still we are vastly depended upon agriculture though service sector has been advanced a lot during last few decades. Agriculture plays a pivotal role in our national economy. According to Bangladesh Economic Review (2016), the broad agriculture sector accounts for 15.33% of the Gross Domestic Product (GDP) and 45.10% of the labor force in Bangladesh.
For undergraduate agricultural students of the course ‘Ag. Econ. 6.4 Farm Management, Production, and Resource Economics (2+1)’ of Junagadh Agricultural University, Gujarat and other State Agricultural Universities in India.
Opportunities for agri and rural entrepreneurship 1kiranRana48
Rural entrepreneurship has an imperative role to play in the development of Indian economy. Taking into account the fact that nearly 70 percent of the Indian population calls rural India it's home, adequate funding and support can provide a prosperous entrepreneur atmosphere in these communities
A shift from agriculture to agribusiness is an essential pathway to bring change or make revolution in Indian agriculture and to make more attractive and profitable venture. Agripreneurship has the potential to contribute to a range of social and economic development such as employment generation, poverty reduction and improvements in nutrition, health and overall food security in the national economy. Agripreneurship has got power to generate growth, diversifying income, providing widespread employment and entrepreneurial opportunities in rural areas.
REFERENCES :
1. http://www.businessmanagementideas.com/agripreneurship-2/agripreneurship-india-business/17511
2. http://www.ijsrp.org/research-paper-0314/ijsrp-p2770.pdf
3. https://www.thebetterindia.com/125044/5-agri-startups-farmers/
Agribusiness is one of the most challenging businesses today. Agribusiness has held up a large share of business niche. The volume of agribusiness is flourishing day-by-day. The term agribusiness coined first in 1957 by Goldberg and Davis. Agribusiness is not mere a business rather it is an useful tool for ensuring food security throughout the world and all sorts of basic needs as most of the basic requirements are filled up directly or indirectly with agro products. In near future agribusiness will be the central metaphor of business system for not only in our country but also to the whole world.
We may not overlook that Bangladesh is an agrarian country and still we are vastly depended upon agriculture though service sector has been advanced a lot during last few decades. Agriculture plays a pivotal role in our national economy. According to Bangladesh Economic Review (2016), the broad agriculture sector accounts for 15.33% of the Gross Domestic Product (GDP) and 45.10% of the labor force in Bangladesh.
For undergraduate agricultural students of the course ‘Ag. Econ. 6.4 Farm Management, Production, and Resource Economics (2+1)’ of Junagadh Agricultural University, Gujarat and other State Agricultural Universities in India.
It is an introduction to agribusiness which includes the short history of evolution of the agribusiness, its importance, scope or areas of agribusiness. It also includes the distinctive features of agribusiness management.
For undergraduate agricultural students of the course ‘Ag. Econ. 6.4 Farm Management, Production, and Resource Economics (2+1)’ of Junagadh Agricultural University, Gujarat and other State Agricultural Universities in India.
Introduction to seed and seed technologyNSStudents
The Presentation is prepared by the N.S Institution of science, Markapur.
It consists of a basic introduction related to Introduction to seed and seed technology.
Introduction to agricultural value chains and supply chain managementILRI
Presented by Karl M. Rich at the Training program for “Methods for livestock value chain analysis: Qualitative and quantitative methods”, ILRI, Nairobi, 1 July 2013
It is an introduction to agribusiness which includes the short history of evolution of the agribusiness, its importance, scope or areas of agribusiness. It also includes the distinctive features of agribusiness management.
For undergraduate agricultural students of the course ‘Ag. Econ. 6.4 Farm Management, Production, and Resource Economics (2+1)’ of Junagadh Agricultural University, Gujarat and other State Agricultural Universities in India.
Introduction to seed and seed technologyNSStudents
The Presentation is prepared by the N.S Institution of science, Markapur.
It consists of a basic introduction related to Introduction to seed and seed technology.
Introduction to agricultural value chains and supply chain managementILRI
Presented by Karl M. Rich at the Training program for “Methods for livestock value chain analysis: Qualitative and quantitative methods”, ILRI, Nairobi, 1 July 2013
Business PlanPut Business Name HereMACROBUTTON NoMacro [Click .docxjasoninnes20
Business Plan
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Table of Contents
2Table of Contents
3Executive Summary
4Vision/Mission Statement and Goals
4A. Vision Statement
4B. Goals and Objectives
4C. Keys to Success
5Company Summary
5A. Company Background
5B. Resources, Facilities and Equipment
5C. Marketing Methods
5D. Management and Organization
5E. Ownership Structure
6G. Internal Analysis
7Products and/or Services
8Market Assessment
8A. External Analysis
8B. Customers
8C. Strategic Alternatives
9Strategic Implementation
11Financial Plan
11A. Financial Projections
11B. Contingency Plan
11Monitoring
Executive Summary
This section is a summary of the information from the pages that follow. Prepare it last, after the business plan has been written. It should not exceed two pages. Headings to use in the Executive Summary:
A. Vision/Mission StatementB. Company SummaryC. Products/Services
D. Market AssessmentE. Strategic Implementation
F. Expected Outcomes
Vision/Mission Statement and Goals
A. Vision Statement
The vision/mission statements are clear summaries of where the business is headed. It describes what the business produces, who products are produced for, and unique business characteristics. It will reflect the values of the management team and the type of business culture you are trying to create.
B. Goals and Objectives
What do you want your business to achieve? Be specific in terms of financial performance, resource commitments (time and money) and risk.
When will various milestones be achieved?
C. Keys to Success
What do you need, or must happen, for you to succeed?
Company Summary
The material in this section is an introduction to the firm.
A. Company Background
What does your business do?
Who were the founders of the business?
What were the important milestones in the development of the business?
B. Resources, Facilities and Equipment
With what do you produce your products or services?
What are the land, equipment, human and financial resources?
Who provides them?
How are resource providers rewarded?
C. Marketing Methods
What is your annual sales volume in dollars and units?
Explain how you work with others to improve returns. This may include a strategic alliance with suppliers or customers that you can leverage.
Do you use forward contracting, options, or futures? If so, how?
How much does it cost to produce and deliver your products and services?
How is contracting used?D. Management and Organization
Who is currently on the management team?
How have management responsibilities been divided among the management team?
What are the lines of authority?
Who acts as the president/CEO? spokesperson? Chief Financial Officer?
Who determines employees’ salaries and conducts ...
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First Things First: Building and Effective Marketing Strategy
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Short video marketing has sweeped the nation and is the fastest way to build an online brand on social media in 2024. In this session you will learn:- What is short video marketing- Which platforms work best for your business- Content strategies that are on brand for your business- How to sell organically without paying for ads.
Most small businesses struggle to see marketing results. In this session, we will eliminate any confusion about what to do next, solving your marketing problems so your business can thrive. You’ll learn how to create a foundational marketing OS (operating system) based on neuroscience and backed by real-world results. You’ll be taught how to develop deep customer connections, and how to have your CRM dynamically segment and sell at any stage in the customer’s journey. By the end of the session, you’ll remove confusion and chaos and replace it with clarity and confidence for long-term marketing success.
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In this presentation, Danny Leibrandt explains the impact of AI on SEO and what Google has been doing about it. Learn how to take your SEO game to the next level and win over Google with his new strategy anyone can use. Get actionable steps to rank your name, your business, and your clients on Google - the right way.
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A.I. (artificial intelligence) platforms are popping up all the time, and many of them can and should be used to help grow your brand, increase your sales and decrease your marketing costs.In this presentation:We will review some of the best AI platforms that are available for you to use.We will interact with some of the platforms in real-time, so attendees can see how they work.We will also look at some current brands that are using AI to help them create marketing messages, saving them time and money in the process. Lastly, we will discuss the pros and cons of using AI in marketing & branding and have a lively conversation that includes comments from the audience.
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Attendees will learn about LLM platforms, like ChatGPT, and how they work, with preset examples and real time interactions with the platform. Attendees will learn about other AI platforms that are creating graphic design elements at the push of a button...pre-set examples and real-time interactions.Attendees will discuss the pros & cons of AI in marketing + branding and share their perspectives with one another. Attendees will learn about the cost savings and the time savings associated with using AI, should they choose to.
The What, Why & How of 3D and AR in Digital CommercePushON Ltd
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Agri Business Venture & Business plan
1. Agribusiness venture
and
preparing a business plan
Sathyendra Kumar. A.D.
1st M.B.A.(Agri-Business)
Institute of development studies.
University of Mysore..
2. Content
Introduction
Venture
Agri-business venture
Agribusiness ventures: How to start right
What is business plan
Why Business Plan Essentials
Benefits of having a business plan
Disadvantages of Business Plan
SWOT ANALYSIS
Step-by-step approach in drafting a agribusiness plan
Things to be considered when embarking on a livestock business
Things to be considered when embarking on horticulture or
agronomic business.
Things to be considered when embarking on a livestock business
Where do I get the information to prepare my business
plan?
Business Overview
Marketing Plan
Human Resources Plan
Production Plan
Financial Plan
Reasons for business failures
Reference
3. Introduction
Future outcomes are a function of today’s decisions.
A business plan is a formal statement of a set of business
goals, the reasons they are believed attainable, and the plan
for reaching those goals.
Business plans may also target changes in perception and
branding by the customer, client, taxpayer, or larger
community.
Business plans may be internally or externally focused.
In agricultural businesses, planning may be even more vital because
of the inherent uncertainty associated with agriculture Production.
4. venture
an undertaking involving uncertainty as to the outcome,
especially a risky or dangerous one: a mountain-
climbing venture.
a business enterprise or speculation in which something
is risked in the hope of profit; a commercial or other
specula.
the money, ship, cargo, merchandise, or the like, on
which risk is taken in a business enterprise or
speculation.
Obsolete . hazard or risk.
5. Agri-business venture
It is a one of agri-business activity or
starting the one of the agri related
business in the risky manner and ensures
the profit.
Ex: bee-keeping, poultry forming, preparing
vermicompost and sell it etc,….
6. Agribusiness ventures: How
to start right
Start your business before you retire.
Practice integrated farming system.
Consider your environment.
Get product knowledge.
Interest.
Know your market or create your market.
Budget money for publicity.
Create multiple streams of income.
Make friends with professionals.
Envisage business downturns or challenges.
7. Business Plans…
….Need to be employed by
anyone who is in business
…Set a strategy for future
growth and can be used to
attract investors and loans
8. What is business plan
A business plan is any plan that works for a business to
look ahead, allocate resources, focus on key points,
and prepare for problems and opportunities.
A business plan is a document/plan of how a business
owner, manager or entrepreneur intends to organise an
entrepreneurial endeavour and implement activities
necessary and sufficient for the venture to succeed.
It is an essential tool for planning, direction and
running a business. It clarifies the operational and
financial objectives of a business and contains the
detailed plans and budgets showing how the objectives
are to be realised.
9. Why Business Plan
Essentials:
Getting an integrated view of your business.
Informing partners.
Determining financial needs and applying for funds.
Approval from board of directors/shareholders.
Recruiting.
Deriving objectives for employees.
Informing employees.
Informing lenders.
Mutual understanding within the management team.
10. Benefits of having a
business plan.
Helping you to clarify your vision and deciding whether or
not to forge ahead with the idea.
Determining if your product and/or service has a sufficient
market to support it and whether or not it will be
profitable.
Providing an estimate of your start-up costs and how much
you'll need to invest or finance.
Convincing investors and lenders to fund your business.
Defining your target market (who your customers are or
will be) and how to best reach them through strategic
marketing actions or expanding market coverage or reach.
Setting a value on a business for sale or for legal purposes.
Defining corporate objectives and programs to achieve
those objectives.
11. Disadvantages of Business
Plan.
Not Involving the Right People.
Spending Too Much Time on Non-Essentials.
Lack of Accountability and Poor Implementation.
It can be a costly process because you will need the
assistance of your accountant or financial adviser.
In order to obtain capital to fund the business, a
lengthy detailed business plan must be put together.
All of the details of starting the business, including
licenses, marketing, naming the business, finding
product sources, etc. are the responsibility of the
owner.
12. SWOT ANALYSIS
Strengths are attributes of a person or of your business that can
contribute in you achieving your objectives.
Weaknesses are attributes of a person or of your business that can lead
to you not achieving your objectives.
Opportunities are external conditions that will contribute to your
achievement of your objectives.
Threats are external conditions that can lead to not achieving your
objectives.
Strengths and Weaknesses are factors internal to your business and
Opportunities and Threats are factors, outside or externally, of your
business.
13. Step-by-step approach in drafting a
agri-business plan
1. Secure the identified land – proof of ownership or lease agreement.
2. Get a farm map or geographical map of the farm that includes farm
boundaries and or watering points.
3. Identify potential markets and requirements for entrance into the
market.
4. Identify resources available for utilisation to develop potential
commodity.
5. Take into consideration your ability, knowledge and access to
support before deciding on the commodity to be farmed with.
6. Calculate viability and economic feasibility on potential commodity
and possible opportunities for value adding.
7. If favourable, go forward, and if not, repeat steps 3 – 6
8. Source information on the different forms of businesses.
9. Decide on what business form will be the best for the situation.
10. If the business form needs to be registered proceed with the
process.
14. Things to be considered when
embarking on horticulture or
agronomic business.
Soil and water need to be analysed for quality, and
determine the strength of the water source for quantity.
Consider all risks.
Source information on the weather conditions for the area.
Source information on the chemicals and fertilisers that
would be required for the specific commodity to be
produced.
Identify potential strategic partners like suppliers and
potential mentors.
Identify rotational crops, if any.
Formulate a crop production plan/crop rotation plan.
15. Things to be considered when
embarking on a livestock business
Consider all risks.
Source information on all regulations, especially if
the business is close to a town.
Do a veld assessment/natural resource assessment.
Seek technical advice on the number of animals that
can be placed on the available land for grazing.
Do a fodder flow and establish the gaps, and identify
possible gap fillers.
Establish the optimal production system that would
best suite a marketing strategy.
Once relevant information is obtained, then you can
start drafting the business plan.
16. Where do I get the information to
prepare my business
plan?
Interviews With Other Producers.
Extension Specialists.
Personal Work Experience.
Industry Consultants.
Library Research.
Trade Suppliers.
Trade Magazines and Journals.
Demographic Studies.
Industry Associations.
Newspaper Articles, etc.
17. Business Overview
Title Page.
Table of Contents.
Business Profile and Summary.
Business Organization:
• Proprietorship.
• Partnership.
• Limited Company.
• Co-operative.
18. Marketing Plan
Preparing a Marketing Plan:
Where are we now? Where do we want to go? How do we get there?
What Products or Services do you Intend to Sell?
Who are Your Existing and Potential Customers and What are Their
Profiles?
Who is Your Competition and What are They up to?
How will new Technology Affect Your Future Business Operations?
19. Continue…….,
How will Changes in Legislation and Other Circumstances Beyond Your
Control Affect Your Future Business Operations?
How will you Advertise Your Products and get the Message to Your
Customers?
How will you Monitor the Results of Your Marketing Plan?
Set Your Marketing and Business Goals. Be Specific as to Achievable
Time Frames.
Define the Problems and Opportunities Facing Your Business.
List the Actions you will Take to Achieve Your Goals and the Expected
results?
20. Human Resources Plan
1. Organizational Chart.
2. Labour Requirements.
3. Job Descriptions.
4. Training.
5. Compensation and Benefits.
6. Labour Management and Control.
7. Employer Responsibility.
21. Production Plan
What resources do you need to produce your products?
Land ▸ Buildings ▸ Equipment.
Materials ▸ Supplies.
Site Layout ▸ Construction Plans ▸ Timetables.
Production Process.
Construction Schedules.
Environmental Assessment.
Zoning ▸ Political Influences ▸ Regulations.
Transportation.
22. Financial Plan
1) Overhead and Cropping Budget.
2) Income Statement.
3) Projected Balance Sheet and Net Worth Statement.
4) Capital Purchases.
5) Loan Summary.
6) Projected Cash Flow Summary (Next 3 Years).
7) Financial Performance and Risk Assessment.
8) Long Range Plan (next 5, 10 or more years).
23. Reasons for business failures
1.Management reasons:
A poor management team with insufficient experience and/or the wrong
skills mix for the needs of the business.
A narrow customer base and inadequate marketing skills.
Inadequate marketing planning.
Under or overpricing products and/or services offered by the business.
Overtrading and running short of working capital.
Poor product and service quality.
Owner/managers who are autocratic, inflexible and make strategic
decisions based on emotion.
A weak business concept, in that the product/market mix is not clearly
defined and developed.
A failure to identify and manage risks.
24. Continue…….,
2.Financial factors:
Businesses without proper record/account of the financial transaction
of the business.
Insufficient information on financial performance required for basic
decision making.
Financial information based on incomplete or inferior technologies.
Insufficient supporting evidence on financial track record to obtain
additional funds/loans.
Poor management of accounts payable and receivable.
Poor forecasting and management of sales and cash flow.
Insufficient working capital to fund its operations.
The business has borrowed too much money in relation to the owner’s
investment in the business (high debt/equity ratio).
25. Continue…….,
3.Other factors:
No access to loan finance.
No access to developed markets.
No access to managerial support.
No access to capacity development programmes.
Weather conditions.
26. Conclusions
Every agribusiness venture is included there own rick so you have choose
good venture and start.
Before you can prepare a agribusiness plan you consult knowledgeable
person.
Systematic approach to problem solving can be of great benefit.
Steps are similar to the seven steps of the scientific method.
Recognize the problem.
Determine your alternatives.
Gather information.
Evaluate the alternatives.
Select a workable solution.
Carry out your solutions.
Evaluate your results.
28. Presented to : Dr. H. M. Chandrashekar
Assistant Professor in Agri-Business
Management
Institute Of Development Studies.
Agri-Business
venture and
preparing business
plan.