Farmers are the lifeline of society; they provide us with the single most important thing needed for survival – Food! But people often forget to look for the bigger picture. Each individual farmer is like a big entity. How do farmers inspire the entrepreneurs? Well, there are many ways.
But which points stand above all? They adapt to the market, low revenue and they also have to deal with bad weather. Hence, you can understand that the idea of profit is highly unpredictable for a farmer. And an entrepreneur can learn a lot from the farmers. They can learn how to deal with the unstable and volatile market in order to ensure a sustainable growth for their business. Let’s look into the lessons that entrepreneurs should and must learn from the farmers:
Having a goal that is fundamental in nature
What is the primary goal for the farmers? Of course, to have a better yield than the last year. Similarly, as an entrepreneur, you must have a clear goal of what you want to achieve for your company. Once, you fix your goal; it becomes easier to take your business in the right direction.
Reputation is far more important than contracts
Farmers never go back on their word and have an immense trust built up among their vendors. As an entrepreneur, this is equally important since the trust and reputation you build will reward you manifolds in the long run. It is important to stand by your words to earn the reputation just like your fellow farmer friends.
Control what you can
Farmers have no control over how much crops they sell. Neither do they control unsuspected storms or unfavorable weather. They can only search for new markets, improve soil health and grow better produce. Similarly, an entrepreneur also has no hold over the ever changing market. Hence, entrepreneurs must invest their time and money on their area of focus and adapt to changes as they come by.
Talent and hard work make an inseparable couple
Farmers need to strategize on raising the value of their crops. But after that comes hard and caring labour. A great invention or idea will rot if you do not strategize and hope to see its benefits. Business needs dedication and hard work along with talent and proper strategizing. Hence, you also need to strategize your every move and take every step carefully to become continuous.
Information and data analysis is key
Startups need to learn how data analytics has evolved farming over the years and has created a whole ecosystem around it. Studies show that farmers yielded at least one tenth more crops compared to those who did not opt for data analytics. The world tomorrow is a whole lot different than what it is today. So don’t expect tried and tested methods to work out every time and instead work on innovations with the data you gather.
Reduce the risk
Farmers always come up with plans to reduce the risk factors. They take precautionary measures to ensure that their yield is not destroyed. What can you learn from it? Well, you can also learn to reduce the risk factors in your business strategically and systematically. Lower the risk; higher will be your chances to achieve success.
You harvest what you plant
The quality of the service or product that you offer to your clients always matter. It is directly proportional to the chances of your success. Like the farmers always vouch for good quality seeds for a better harvest; you must always strive hard to increase the quality of your products or services in order to gain maximum profit.
Never stop innovating
You will always see farmers using new techniques or fertilizers to increase the quality of their soil and yield. They always come up with most innovative methods to produce the best. And that is a big lesson for the entrepreneurs! You cannot stop innovating; once you stop, your business will also stop growing subsequently.
Farmers are always big inspirations for the entrepreneurs. They teach us the most valuable lessons. Do you think there is something more that you can learn from the farmers? Then, do not forget to let us know!