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AGRI-BASE ENTREPRENEURSHIPDEVELOPMENT

M.M.PALITHA MAHINDA MUNASINGHEFarm Mechanical Instructor

Palithamahinda@yahoo.com

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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

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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