Imagine you are a farmer with a bountiful crop to harvest, but you have limited time and resources. How do you decide which crops to focus on? Do you spend an equal amount of time on each crop, or do you prioritize the ones that yield fast and provide the most significant returns? What is this called: This phenomenon is widely known as the 80/20 principle or Pareto Principle. Why it Matters: The Pareto Principle states that roughly 80 percent of work results — or output — are produced by 20 percent of the work effort, or input. It should be noted, however, that the 80/20 principle is a simplification, and in reality, the ratio tends to differ — for example, it could be 70/30 or 99.9/0.01. When it comes to the farmer's crops, 80% of the harvesting comes from the 20% of the crops. So, it makes sense for the farmer to prioritize those crops that yield significantly more returns. This principle can be applied to your personal day-to-day activities and your business as well. Read the blog in the comments for more. #business #timemanagement #performance #personaldevelopment #entrepreneurship #businessboost #business101
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I destroyed my ‘farm’ by making these mistakes in the past. The yield was terrible, and nobody wanted to buy our crops. Until I learnt and incorporated some basic principles: 1. Understand that your crops WANT to grow. They don’t have any hidden motives (generally). Given the right conditions and support, they will grow to give you a great harvest. Start with that basic trust. 2. Figure out what’s going on underneath the soil. Some crops look good on the surface but have deeper problems in their roots. Spend time with them to understand what’s going on in their lives, and offer your support. I once had a young crop that looked bright and colourful on the surface but had serious problems underneath. I spent time to understand the real problem. This enables me to give this crop better protection. 3. Don’t mimic other farmers blindly When I was a young crop, I grew up in toxic soil - being shouted at every day. So when I became a farmer, I created similar conditions for my own crops. I was just doing what I had seen others do - but that wasn’t the best move. I spoiled my farm. Learn to unlearn and relearn. Be better than your farmer was. How do you take care of your ‘farm’? #entrepreneurship #leadership #employer
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CEO and Co-founder @ Cormirus | Co-founder and Head of Strategy @ Brightbeam | AI, Innovation in Learning
“Don't judge each day by the harvest you reap but by the seeds that you plant." --Robert Louis Stevenson It's so easy to get caught up in the world of targets and measures that are related to outcomes. But, it's the inputs that matter most. These are the things you can control. It's been said that we shouldn't confuse efforts and results. I agree. We should celebrate the effort. We should learn where to focus the effort for the best return. We can focus on where we apply our energy. With the right effort applied in the right place, the (good) results will follow. Using the analogy of sowing, harvesting and reaping... you can decide where to plant. You can determine the health of the soil. You can choose what seeds to sow. You can also decide how much water, sun and nurture you give to the different crops. The quality and quantity of what you plant and what you nurture is a better way to determine your progress. #keepgoing #entrepreneur #growth
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Executive in Sustainable Agriculture, Food and Innovation. Sometimes I wear a suit, sometimes I wear boots. Host of the region's largest Agri Radio Program
Throughout the region, there are micro #entrepreneurs with various items. Fried chips from a number of commodities, like plantains and breadfruit, tend to be most common throughout. This is one that I picked up in St Vincent. #food #agriculture #sustainabledevelopment
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Our recent blog explores a critical idea faced by many in the agriculture sector: Like when it comes to a lot of investments, the main reason to build a business is to sell it to somebody bigger. But farms are different—or are they? This recent blog by Evan Shout examines the unique challenges and emotional connections that make selling a family farm such a profound decision. It challenges you to consider whether the traditional attachment to family farms is holding back your potential for growth and modernization. Farmers are entrepreneurs, and as entrepreneurs, the focus should be on return. Check out the blog to see how the agriculture industry can balance legacy with innovation to thrive in today’s competitive market. https://lnkd.in/g5KrtswP #agribusiness
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Every one LOVES Ice Cream! But what is the process of making Ice Cream? Find out when you #RegisterNow for our #IceCreamMaking Course 797-1076 | 657-8384 | [email protected] #SchoolOfHigherEducation #WhereAcademicsMeetApplication #FoodProduction #InvestInAgriculture #Milk #Dairy #Entrepreneurship #AgriEntrepreneur #Agriculture
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CEO /Co - Founder at Enviro-Gro |Nasdaq Milestone Maker | AWEC Alumnae Advisory Board Member | Board Director
One of the less acknowledged aspects of R&D for small businesses, like farms, is the significant cost associated with it. Innovation is crucial for survival, yet we often overlook the actual and opportunity costs involved. When we started our farm, we grew tomatoes and peppers in greenhouses. After some time, we realized the need to diversify our products, leading us to conduct numerous trials to find crops that would thrive in our soil and climate and meet market demand. These trials were expensive. We spent money on inputs, labour, and time. Additionally, there was the opportunity cost of revenue from other crops that could have been successfully grown and sold. While some crops thrived, others resulted in losses. And for some, the market demand was overestimated, leaving our family and friends with an abundance of vegetables😁🤓. Poorly designed and implemented tests can lead to significant losses. Here are a few lessons we learned from this experience: 🌽Reconfirm Demand: Always reassess the demand size. Even if current and potential customers indicate interest, conservatively estimate the quantities needed. 🌽Appropriately Size Tests: Ensure your tests are large enough to yield statistically meaningful results but not so large that failure will be crippling. 🌽Seek Partnerships: Look for opportunities to partner with seed, chemical, and fertilizer companies. They might support you with trial seeds and share the costs, such as providing agronomy support. 🌽Leverage Slow Seasons: Conduct trials during off-peak seasons to reduce opportunity costs and utilize any extra capacity. Sweet corn, one of our major crops today, was the result of many such trials. The lessons we've learned apply not only to farming but to other R&D situations as well. How do you test new ideas in a way that allows you to innovate while minimizing the risk of crippling losses? #SustainableAgriculture #BusinessGrowth #LearnAndAdapt #Entrepreneurship #Agribusiness #FoodProduction #AWEC #WeAreAWEC #womenentrepreneurs #womeninbusiness
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Entrepreneur | Organic Farmer | Founder of Rapid Organic Pvt. Ltd. | Member of Spice Cell (RSAMB) Govt.of Rajasthan | We are a leading Organic Food Producer and Supplier in India
📍A first generation farmer in a family of Government servants - My career path was not just unique but a difficult one! 📍 Breaking away from a legacy of public service or embrace Organic Farming has taught me: ✅ Resilience ✅ Determination ✅ Profound value of hard work 📍 Choosing to opt for organic farming wasn't just a career choice, it was a calling. 📍From learning the intricacies of Organic and Sustainable Farming to understanding market dynamics, every step had been a learning curve. 📍 Yet, the rewards like: ✅ Fresh produce ✅ Sustainable practices ✅ Contributing to food chain ✅ Improving the quality of life of farmer groups Rewards like this keep me going till date! 📍To all the budding entrepreneurs - Remember, it's not the easiest road but it's the one where you find your true self. #RapidOrganic #yogeshjoshi #founder #entrepreneur #organicfarming #spices #herbs #herbsandspices #spicesofindia #passion #hardwork
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Helicopter Crewchief & Mechanic | Certified Mergers & Acquisition Professional | Champion for Veterans
⭐️Completion Certificate for Boots to Business⭐️ (Entrepreneurship for Farmers and Ranchers) #sba #vboc #scorementors #agriculture #entrepreneurship #bootstobusiness #b2bbusiness #b2bevents
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Prospective Graduate Student | Seeking for RA or GRA | Agriculture Graduate | Agronomy | Plant Pathology | Horticulture | Controlled Environment Agriculture | Remote Sensing |
"Entrepreneurship is about turning what excites you in life into capital so that you can do more of it and move forward with it" -Richard Branson The Journey for the Dragon Fruit and Marigold as a part of sustainable cropping patterns not only evolved as wealthy building resilient agriculture but also aided much better income for the livelihood since it generated a huge amount of capital with minimal investment. The soil health, availability of rich beneficial insects and MOs has contributed to the soil system, communal and moreover women's empowerment. Being evolving as an agricultural entrepreneur, i learned valuable lessons which i put my knowledge of plants and their significant collaboration for the soil system, and economic viability. Presenting you a short video regarding our marigold journey-2023 where we were able to generate the good amount of money within short frame of time with lots and lots experiences of cultivation, marketing, consumer behaviour and consumption pattern, the pyschological aspects of this journey and many more...!!! #Agriculture #Agriculture_Entrepreneur #Cropping_System
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Executive in Sustainable Agriculture, Food and Innovation. Sometimes I wear a suit, sometimes I wear boots. Host of the region's largest Agri Radio Program
After 14 years, in a market where most come and go, we're still going strong. This weekend we complete another phase, vertical integration - moving to an on site farm. We operate in the health food industry, mostly assisting career oriented persons to get a hold of their fitness. We wanted though, more safety control of our inputs; what pesticides and fertilizers are used, rather than being subject to the open market. This will also help to lower our carbon footprint in so many ways and add to the total output in thr agro economy. #agriculture #food #entrepreneurship
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