PRINCIPLES OF AGRICULTURAL ENTREPRENEURSHIP AND ENTERPRISE DEVELOPMENT * transform raw materials into finished products according to the customer's

ng to the customer's needs.

A. ENTREPRENEURSHIP 3. Agricultural entrepreneur
What is an entrepreneur? participate in a wide range of agricultural activities such as farming, irrigation, agricultural
What does it mean? produce, mechanization, technology, etc.
Why engage in entrepreneurship
-expand your entrepreneurial toolbox BASED ON TECHNOLOGY
Knowledge, strategy, discipline, experience 1. Technical entrepreneur
Develop new ways to solve problems Primarily based on science and technology
-force you to continue learning These entrepreneurs develop new ideas and turn those ideas into technology-based
Always coming up with ways to improve your product, service innovations and inventions.
You continue to learn from your end users (by engaging, making surveys) Example: Zein protein from maize used to make biodegradable plastic
Requires you to understand your specific area of focus
*business skills-financial literacy, 2. Nontechnical entrepreneur
marketing, leadership, work for innovations using traditional methods.
product management, Example: Airbnb Brian Chesky
negotiation,
strategic thinking, BASED ON OWNERSHIP
soft skills 1. Private entrepreneur: sole proprietor role, bears all the risk
-ability to recognize opportunity 2. State entrepreneur: government does business
Application of one’s knowledge and skills to commercial opportunities 2. Joint entrepreneur: two or more individuals agree to pool resources to achieve a target
-channel creativity
How is your service and product different from others BASED ON ENTERPRISE SIZE
Create something of your own in this competitive world. Micro-scale entrepreneurs
Thinking out of the box Total assets of more than 3,000,000 but not exceeding 15M
-impact on your community Total annual sales of more than 3,000,000 but not exceeding 15M
Generate jobs, income for marginalized households Employing more than 10-99 employees
Example: sari-sari store owner, street food vendor, home-based online seller
TYPES OF ENTREPRENEURS Small scale entrepreneurs
A. BASED ON BUSINESS TYPE Total assets not exceeding 3,000,000
1. Trading entrepreneurs Total annual sales not exceeding 3, 000,000
buy finished products in bulk from manufacturers at some discount. sell these Employing fewer than 10 employees
products directly or with the help of retailers or vendors with profits, acts as a middleman Example: local bakery owner, family owned restaurant, small retail shop owner
between manufacturers and customers. This may include wholesalers, retailers, dealers, etc. Medium scale entrepreneurs
Total assets more than 15M but not exceeding 100M
2. Manufacturing entrepreneurs Total annual sales of more than 15M but not exceeding 100M
analyze market needs or customer needs and manufacture products to meet such Employing 100 to 199 employees
needs using various resources or technologies.
Example: regional distributor of household items, specialty manufacturing company owner B. FARMING AS A BUSINESS
(furniture, handicrafts, processed food) 1. Agricultural entrepreneurship
Large scale entrepreneurs Agricultural Entrepreneur:
Total assets exceeding 100M An individual who starts, organizes, and manages a business venture focusing on the
Total annual sales exceeding 100M agricultural sector (GFRAS, 2016)
Employing 200 or more employees Agricultural entrepreneurship
Example: Real estate developer, Telecommunications Company (Globe, PLDT) Relates to marketing and producing various agricultural products as well as
agricultural inputs

CHARACTERISTICS OF AN ENTREPRENEUR 3. Characteristics of agriculture related enterprise that differentiate it from industrial/
-curiosity manufacturing enterprises
remain curious to continuously seek new opportunities, Access this link 
-willingness to experiment https://keithwoodford.wordpress.com/2014/02/24/why-agribusiness-is-different/
design thinking *is it worthwhile to pursue, meets their market needs through market #:~:text=The%20six%20defining%20characteristics%20are,vary%20from
research %20situation%20to%20situation.
-adaptability:
evaluate situations and remain flexible through all the unexpected changes that may 4. Business management functions
occur The P-O-L-C framework
-decisiveness: Access this link 
make difficult decisions and stand by them as a leader they are responsible for the https://biz.libretexts.org/Courses/Lumen_Learning/
trajectory of their business whether it is favorable or not Principles_of_Management_(Lumen)/01%3A_Introduction_to_Management/
-self awareness: 1.12%3A_Primary_Functions_of_Management
aware of their strength and weaknesses
-risk tolerance: 5. Management roles of an Agripreneur
taking risk and making steps to minimize it. *Take alculated risk Based from the P-O-L-C framework
- comfort with failure: Example: Pechay Farm owner
rather than let failure hold them back, they maintain positive attitude PLANNING
-persistence  Goal Setting: Determine the objectives of the pechay farm, such as production
Learn from mistakes, failure=opportunity to learn and grow targets, market goals, and sustainability objectives.
-innovative thinking  Crop Planning: Plan the crop cycles, including planting schedules, crop varieties, and
Have ideas that are novel and useful crop rotation to optimize yield and minimize pest and disease risks.
-Long term focus  Resource Planning: Identify and allocate resources needed for farming operations,
including land, water, seeds, fertilizers, pesticides, and labor.
 Risk Management: Assess potential risks such as weather fluctuations, pests,
diseases, and market volatility, and develop strategies to mitigate these risks.
 ORGANZING
 Farm Layout: Design the layout of the farm, including the arrangement of planting D. Government programs and interventions to promote agricultural entrepreneurship
beds, irrigation systems, composting areas, and storage facilities. Access this link for the examples discussed in class 
 Team Building: Recruit and train farm workers, assign roles and responsibilities, and https://www.da.gov.ph/services/agricultural-credit-and-financing-programs/
establish clear communication channels within the farm team.
 Supplier Relationships: Establish relationships with suppliers for inputs such as
seeds, fertilizers, and pesticides, ensuring timely availability of quality inputs.
 Inventory Management: Implement systems for managing inventory, including
tracking seed stock, fertilizer usage, and pesticide applications.

LEADING
 Motivation and Empowerment: Inspire and motivate farm workers to perform at
their best, providing training opportunities and empowering them to take
ownership of their tasks.
 Communication: Foster open communication within the farm team, encouraging
feedback, sharing information about farm goals and progress, and addressing any
concerns or challenges.
 Problem-Solving: Lead the team in identifying and resolving issues that arise during
farm operations, whether related to crop health, resource management, or logistical
challenges.
 Innovation: Encourage innovation and continuous improvement in farming
practices, exploring new techniques, technologies, and approaches to enhance
productivity and sustainability.

CONTROLLING
 Performance Monitoring: Implement systems for monitoring key performance
indicators (KPIs) such as crop yield, quality standards, resource usage, and
production costs.
 Quality Control: Establish quality standards for pechay production and implement
processes for monitoring and ensuring compliance with these standards throughout
the growing cycle.
 Financial Management: Track farm finances, including revenues, expenses, and
profitability, and compare actual performance against budgeted targets.
 Feedback and Adjustment: Use performance data and feedback from farm workers
to identify areas for improvement and make necessary adjustments to farm
operations and strategies.
 NAME GROUP TOPIC NOTES: DON’T FORGET YOUR reflection paper on how are farmers entrepreneurs
GALLARDO, ARLYN JOY 1 Indicate name and section
CAYETANO, GEMNARD 1 Font: Times new roman
BALSOTE, LYNDON 1 FORMS OF BUSINESS AORGANIZATIONS Font size: 11
FELIPE, RYAN DAVE 1 Margins: 1 inch
DUMLAO, JHON CARLO 1 Paper size: short
CABAEL, HONEYLETH 2 Not less than 300 words
SOTOZA, DERWIN 2 To be submitted on or before April 1, 2024 at 11:59 pm. Papers submitted beyond 11:59
BALAJO, AGUINAYA 2 pm will not be graded.
ORGANIZATIONAL BUSINESS ARRANGEMENT
VILLENA, JAYJAY 2
LAGAT, ALDRICH 2 Submit your papers here  https://forms.gle/YxUaNQ5sJ47mNj5N7
PADDAYUMAN, DIANA MAE 2 Please submit according to your section
HUMOLBANG, MAY AN 3
MARCOS, EMERSON 3
For the reporting, prepare PPT presentation. Each group is given 20 minutes to discuss
PACLEB, JEORGE JR. 3 PROCESS REQUIRED WHEN STARTING A BUSINESS
their topics. We will finish the reporting on our respective meeting per section, so please
PACIS, NEMESIO 3
prepare because we will consume the whole 3 hours on April 3 and 4.
JAVIER, LEAN KEITH 3
SEBASTIAN, EDMAR JR. 4
SEATRIZ, DYANA MAE 4
BINONDO, ERICA 4 SOURCES OF CAPITAL FOR BUSINESS START UP/ EXPANSION
SEBASTIAN, JOSIAH 4
PADRE, RODALYN 4
BRUNO, JEZREE JAY 5
MAGNO, ROMEL 5
BELEN, FRANCIS LLOYD 5 GOVERNMENT REQUIREMENT FOR BUSINESS ESTABLISHMENT
ALIPIO, EMANUEL 5
MARCOS, INNAH ALDEAH 5
FRANCIA, JAYSON 6
DONIEGO, NORFEL 6
FERNANDEZ, MARIAN MAE 6 BUSINESS RISKS AND MANAGEMENT
BELTRAN, ALADIN 6
MANANGDANG, JOYCE 6