Since the Indus Valley Civilisation, agriculture has been the lifeline of India. We have 70% of Indian households still dependent on farming, contributing 17–18% to the country’s GDP, according to the latest report.
Agritech startups have great potential in India. There is a huge scope of Agritech startups for India’s farmers who are striving against unreliable climate changes, water scarcity, price hikes, and many other problems.
Agritech is the concept of applying modern technologies to the agricultural sector with a view of enhancing and producing with efficiency and generating sufficient revenue to support livelihoods.
The concept extends to any kind of applications, practices, products, and services that enhance any aspect, whether input or output, of the agricultural process.
Why is there a Need For Agritech Startups in India?
Today’s farmer faces a lot of challenges to sustain their livelihood through farming. Malpractices in the unorganized agricultural markets and the absence of organized marketing systems for production are becoming a major concern for Indian farmers.
Moreover, they have to deal with poor transportation and storage services and much more. They have limited access to superior technology to get timely information and agricultural solutions which leaves them vulnerable and all by themselves.
Agritech startups have the potential to address these challenges from the very beginning, and subsequently change the face of Indian agriculture. They are the knights in shining armour for Indian farmers.
Initiatives by Indian Government For Agritech Startups
The Government of India has been dynamically making policies to improve farmers’ lives in India. In fact, the government has promised its citizens to double the incomes of farmers by the end of 2022.
Finance Minister Nirmala Sitharaman also said that the government will support new entrepreneurs in driving value addition to farmers’ produce from the field.
The NITI Aayog is collaborating with companies like IBM to pilot technology-driven solutions for the agriculture sector in order to provide real-time advice to the farmers. As a result, artificial intelligence is being used to develop crop-yield protection models.
The Agritech sector is a fast-growing sector with great potential to benefit Indian agriculture and eventually raise farmers’ incomes. Currently, India has 450 Agritech startups and is reported to grow by 25% every year by NASSCOM.
A wave of Agritech startups has emerged in the last few years in India. In India Agritech sector has come a long way with 43 startups in 2013 to more than 1000 startups in 2020, driven by rising in rural internet penetration, a rise in post-harvest and supply chain losses, a growing number of investors interest in the sector, etc.
They are now able to solve agricultural problems such as the use of outdated equipment, supply chain management, lack of proper infrastructure, and farmers unable to access a wider range of markets with ease.
According to the latest report, over 3.23 billion dollars were invested in the agriculture sector worldwide. Of this,53 Indian Agritech startups raised 313 million dollars. This is a huge breakthrough for Indian startups and these figures will inspire young entrepreneurial minds of our country to seek in the direction of agricultural technology.
Which States are Focusing on Agritech Startups in India?
Although all states are aware of the importance of Agritech startups for agriculture to flourish, some states have actually established startup ecosystem hubs. Karnataka and Maharashtra together account for almost 50 percent of the total Agritech startups opened in the past 5 years in the whole country.
Although Gujarat has a low share in Agritech startups, according to the State Startup Ranking Report 2018 published by The Department of Industrial Policy & Promotion (DIPP), it is the best-performing state in the Indian Agritech startup ecosystem hub.
Leading Agritech Startups in India
1) Ecozen Solutions
Ecozen Solutions Logo
Based in Pune, this Agritech startup was founded in 2010 by Devendra Gupta, Prateek Singhal, and Vivek Pandey. It focuses on developing technology-enabled products to strengthen the farm-to-fork value chain of perishables, with a focus on renewable energy and sustainable development.
Till now, Ecozen has developed two products so far:
Ecofrost, is a device that acts as a portable cold room that maintains a low temperature. It works on solar power.
Ecotron, a pump controller for irrigation that also works on solar power.
According to the company, approximately 20,000 farmers in India have used their products. But the owners don’t want to stop there. They are planning to enter new areas for irrigation sales and launch a new set of cold-chain products.
2) FreshVnF
FreshVnF Logo
FreshVnF is founded by entrepreneurs Atul Kumar, Vikas Dosala, Sumit Rai, and Aashish Krishnatre in 2018. It is a Mumbai based Agritech startup that uses machine learning (ML) to optimize a farm-to-fork supply chain by connecting farmers with hotels, restaurants, and cafes.
FrenshVnf is a prospering company, having recently raised 2 million dollars in a funding round led by Equanimity Ventures. It has delivered around 15 tonnes of fresh produce per day to more than 300 clients. The company now aims to provide fresh farm produce to the end customer within 16 hours of harvesting.
3) FIB-SOL Life Technologies
FIB-SOL Life Technologies Logo
FIB-SOL Life Technologies is an agritech startup that was founded in 2013 by a team of post-doctoral and doctoral scholars of IIT Madras. The company’s technology is focused on developing low-cost bio-fertilizers that help farmers to improve crop yield and soil quality.
The company offers three products for its customers under GEL and DROPS which provide microbial nutrients to enrich the fertility of farmlands. They are priced at Rs 420 and Rs 100, respectively.
FIB-SOL also aims to improve product shelf life for manufacturers, help suppliers stock inventory efficiently, and eventually boost farmers’ income. In May last year, the startup received Rs 1.5 crore in angel investment from Keiretsu Forum in Chennai.
Agritech startups are the need of the nation right now. More and more entrepreneurs are setting up companies in this field, grabbing the opportunity to transform the sector. The government policies are also giving thrust to these startups so that they can easily find investors. The farmers can finally look forward to better price realization now and embrace this new initiative.
FAQs
What is agriTech?
AgriTech is the concept of applying modern technologies to the agricultural sector with a view of enhancing and producing with efficiency and generating sufficient revenue to support livelihoods.
How many agritech startups are there in India?
There are nearly 600 to 700 agritech startups in India.
Are there any listed agritech companies in India?
Bayer CropScience, Godrej Agrovert, and PI Industries are some of the listed agritech companies in India.
Why is agritech important in India?
AgriTech promises to help farmers increase crop yields, improve animal health, reduce waste, lower carbon footprints, and improve scalability by easing the burden of labour-intensive tasks.
What do agritech companies do?
AgriTech companies work on products, services or applications derived from agriculture that improve various processes. Technology and data can open new opportunities and help solve problems with production, traceability, and the preservation of natural resources.
A new idea is always really important to develop a company or startup. A new product or service is just a first step and is not the only resource you require on the long run for your company or the startup. It wouldn’t be viable for the long run.
That is why Incubators and accelerators play a major role in helping you scale your business and making it a successful enterprise. Let’s look at some of the top incubators and accelerators in the Silicon Valley.
Berkeley SkyDeck is an Startup accelerator located in Berkeley and they mainly focus on the startups from the sectors such as Software, Data and Robotics to provide funding. This was originally formed to accelerate the companies which were founded by entrepreneurs who were associated with UC Berkeley.
Berkeley SkyDeck Website
Berkeley SkyDeck provides incubation services to any startup that is affiliated with the Colleges under the University of California. They mainly work with startups that are at an early stage and supports their growth by providing investment rounds, social media marketing, etc. They provide programs which include workshops, networking events, showcase events and many more.
Some of the major companies they work with are Concha Labs, DevSpace, Hayden AI and many more.
Edvenswa Tech
Edvenswa Tech is located in San Jose and they mainly focus on the startups from the sectors such as Software and Artificial Intelligence to provide funding. They work with both small-scale companies as well as well established companies. Edvenswa Tech focuses on providing technological solutions and corporate acceleration services to the companies.
Edvenswa Tech website
Edvenswa Tech also provides support and assistance to companies with projects such as mobile application development, UI/UX design, cloud and DevOps integration and many more.
Some of the major companies they work with are PayPal, Berkeley Haas, March of Dimes, United States Cold Storage and many more.
Founder Institute is located in Palo Alto and they mainly focus on the Global Startups to provide funding. Founder Institute was found in the year 2009 at Stanford University. It is considered to be the world’s biggest pre-seed startup incubator and accelerator.
Founder Institute Website
Founder Institute provide support and feedback programmes to early-stage startups and their entrepreneurs. They also help them to expand their businesses and help them connecting with a network of startup experts to generate funds.
Some of the major companies the Founder Institute works with are Udemy, PetHub, Pathgather, Ceres Robotics and many more.
Y Combinator
Y Combinator is located in Mountain View and they mainly focus on the Startups and Global Ventures to provide funding. Y Combinator has a unique model for funding startups. Their startup funding programme is similar to a residency programme.
Y combinator Website
They invest small amounts on money in the startups twice in a year to a large number of national startup companies. Once they invest in a particular company, they move them to the Silicon Valley, where they later provide them with an intensive coaching programme to prepare the companies for demo and investor pitches.
Some of the major companies the Y Combinator works with are Stripe, Airbnb, Reddit, Instacart, Dropbox and many more.
Women’s Startup Lab is located in Menlo Park and they mainly focus on the Women-owned businesses to provide funding. They focus particularly on the women’s contributions towards the technological industry. Women’s Startup Lab provides acceleration and incubation services to the startups and ventures that are led by women entrepreneurs.
Women’s Startup Lab Website
Some of the major companies the Women’s Startup Lab works with are Razzberry, Pandia Health, BabyQuip, Mihuru and many more.
500 Startups
500 Startups is located in San Francisco and they mainly focus on Global Startups and Ventures to provide funding. They are a global venture capital firm and they focus on boosting early-stage startups and help them establish themselves as valuable companies by providing them development services.
500 Startups Website
They assist startups and entrepreneurs by providing support in fundraising techniques, digital marketing, customer retention, etc. They host educational events and conferences where they connect the startups with potential investors and partners.
Some of the major companies the 500 Startups work with are CreditKarma, Justo, Talkdesk, Digital Group, ZipMatch, Tranqui and many more.
BetterLabs is located in Santa Clara and they mainly focus of Global Startups to provide funding. They provide resources to early-stage startups by encouraging product launch and rapid growth development at low investment rates.
Better Labs Website
Some of the major companies BetterLabs work with are Khatabook, Inito, Rodeo, WorkAppsChat, Skill Lync, Interview Mocha, Cradlewise and many more.
World Innovation Lab
World Innovation Lab is located in Palo Alto and they mainly focus on Consumer and Enterprise technology to provide funding. They are located in Tokyo as well. They position themselves as a Global Startup ecosystem.
World Innovation Lab provides resources and support for early-stage startups and lets them use the resources like mentorship and capital to help them grow and set themselves as well established firms. Their incubation and acceleration model consists of direct investments, workshops, mentorship programs, pitch contests, etc.
Some of the major companies World Innovation Lab works with are Twitter, HubSpot, Fortinet, RingCentral, DocuSign and many more.
FAQ
What does a startup accelerator do?
A tech startup accelerator is an organization created by experienced tech entrepreneurs to help early-stage tech companies develop their product, hone their business model, and most importantly connect with investors.
What is the difference between an incubator and an accelerator?
Accelerators accelerate growth of an existing company, while incubators incubate disruptive ideas with the hope of building out a business model and company. So, accelerators focus on scaling a business while incubators are often more focused on innovation.
How do incubators make money?
An incubator is a non profit that receives grants and will traditionally make money by charging their resident companies rent. They do offer lower interest loans but given the average success rate of startups, that is not that profitable for them.
Conclusion
Incubators and Accelerators always play a major role in the process of the growth and development of the startups. The startup ecosystem has been increasing worldwide and we can see much more startups coming up in the future.
There are so many different factors that contribute to the success of your startup. But your business idea is the most important thing among them. The idea drives your business forward. Most of the people think that starting a business is a difficult and mysterious process. Also, they don’t know about the first step to take in starting a business.
Starting a business requires energy and time. The person, who wants to start a business, must be subject to periods of self-reflection in order to find a realistic and profitable business idea. Let us discuss about it. Where can you look for ideas for your business? There are so many ways.
A good idea makes others to invest in the business. Also, it has an important role in creating sales and profits. The profit allows us to invest in more products and services. It enables the business to grow. But a bad idea will increase the chances to face more competition. That will be a reason of reduced sales and profits. Also, it decreases the growth of your business and you may struggle to survive.
How to find a business idea
There are some ways to create the right idea for starting a business. They are given below.
1. Explore your passion
We should identify something that we love to do. It makes you able to find enjoyment in what you are doing. We can turn our interested thing into a business idea. For example, if you love space travel, you can try to start a business of building rockets. So, you should find out what you love. Prepare a list of things you love to do. Look for the ways to turn these ideas into a business. For example, if you are interested in healthy living and also, like to discover the new ways to workout, you can start a fitness startup.
The best business ideas are coming from problem solving. There are so many problems that we are facing in our daily life. If we face a problem, we try to solve it. We can create a business through this. You need to identify and analyze the problems that you face in your daily life. Also, you should try to make solutions to those problems. All creative inventions are born out through problem solving. Your best and most profitable business ideas are the problems that you can solve.
Think about the problems that are most likely to affect the future of our humanity. Identify the needs of our society. Also, think about how to solve those problems. Elon Musk is a perfect example. He is a forward thinking innovator. Musk identified the future problems and made solutions to those problems. He probably knew that there would be short-term solutions to short-term problems. So he thought about bigger future problems.
Business idea has an important role in creating sales and profits
As a result, Musk manufactured rocket ships, founded PayPal, built an electric car, invented a tube-travel capsule, and designed a submarine car. But you don’t need to design hyperloop capsules or rockets. There are so many other challenges. So, think about the other kind of future problems that our world is going to experience. Also, think about how to fix those problems. The People will pay you for those solutions.
4. Study successful entrepreneurs
It is very important to know about the great entrepreneurs and their stories. We should study about their successful business models. We can learn so many things from them. It will help you, when starting a business. Also, you will get business ideas from their business models. Try to know about how they implemented their business idea. You will get inspired by knowing about them.
Take a look and analyze the trending subjects on social media sites like YouTube, Twitter, BusFeed, Reddit, etc. You can quickly get into trending topics by reselling or creating services or related products. It enables you to build a valid business. Also, choose an industry and spend a few months for reading everything about it. Do it until you reach where you can find and predict upcoming trends.
6. Find business ideas in your corporate job
Take a look at the internal processes of the company. It includes finance & accounting, human resources, sales, management, marketing, etc. Think about how can be making this process more efficient by using technology. Try to use this process in another industry. Also, think about how its service or product can be made better and cheaper. Look for the ways to access a completely another different market for the product.
We have experienced unavailability of App or need of improvement in an App, when searching for a needed thing in the phone. If you know to develop an application, you can use this opportunity by making an App. Also, we have experienced unavailability, when searching a product or service in the phone. We can turn this into a business opportunity by creating that product or service in the market.
How to determine the quality of a business idea
It’s important to determine the quality of an idea. There are some strategies to help you determine if you have a good business idea. They are given below.
A goodbusiness idea is those that can solve a problem in some way. If you know that a problem affects you, your family, friends and coworkers, it’s more likely to affect people you don’t know.
You do not have to worry about deep financial forecasts at the early stage, but you should do some basic calculations to make sure that your idea is profitable.
There are several ways to solve problems, but the best business ideas do it in a way that is less costly than the market survives. You can evaluate that the solution is worthy or not through determining the price.
A good idea is one of the important factors in the success of a business
You never be successful in your business without a large enough market. You should determine that if there is a niche market for your idea. If your business is doing better than it already is, you can achieve success
You may need to spend all your time for the business. So it’s important to make sure that you are passionate about your idea.
You can’t know if your business is profitable until you try it on strangers. Try it with honest people who create your ideal target audience, and then pay attention to the feedback.
Starting a business is not an easy thing. You can’t be successful without taking risks. But there are differences between the calculated risks and the foolish risks. The best ideas are not the specific area of smart and most successful people. It is possible to everyone. We all can come up with an idea that will change the world, revolutionize an industry or helps you to earn millions.
The journey of being an entrepreneur is surely a rocky one. As Nine out of ten people aspire to be entrepreneurs, out of which seven people set out to become one. Five survive in that hyper-competitive arena, and two succeed to become successful startup founders.
What is a success?
This question may hold different meanings for different individuals. However, read on to find out all traits of a successful person. Entrepreneurs take all the risks associated with running their companies, which can be pretty stressful despite being gratifying.
But they are more likely to succeed if they have the necessary entrepreneurial qualities. If you’re considering starting your own business, you may be unsure of your entrepreneurial potential. In this post, we go over the characteristics that successful entrepreneurs should have.
Entrepreneurs are leaders, not bosses. Most successful startup founders have been able to lead their core team, employees, and investors in the right fashion, well supported with a driving passion to try out something new and having a risk-taking ability. These leaders led their companies out of tough and critical situations, like driving the company through a financial crunch, product failure, business model failure, or unsuccessful scaling.
They have led their team from the front, by taking all the blame during a failure and simultaneously giving the whole team credit after the successful implementation of an idea. Leaders always maintain a bidirectional and smooth flow of ideas and innovation. These are the ones who make its team’s both strengths and powers useful, for the sake of the success of the company.
Another aspect is, taking a risk by keeping in mind its implication in the future. Taking the right risk at the right time has resulted in big startups, so every entrepreneur must calculate the probability of the risk being taken, observing and noting down its effect from each corner of the business.
These risks require faster implementations and sometimes high capital, at the same time these big risks might result in huge losses, so one must be mature and stable enough to handle these types of situations.
2. Great Communication Skills
Founders of some great startups are often applauded for their great communication skills. They know what to speak and where. Handling employees and investors, such that both of them do not lose their confidence in the startup is very important. Constantly motivating employees for thinking the big picture, scolding them for their slow work, and keeping in mind not to offend them.
Knowing the strengths, weaknesses, and abilities of employees; and knowing what exactly an investor aspires for, is only possible through communication. While negotiating new deals or acquisitions and while raising new funds, a clear idea well supported with good communication skills is necessary.
By good communication, I mean clarity of thought flow and presenting that idea in a clear and interesting manner. Great writing skills prove to be an additional advantage. Also, the skills of listening with patience make an entrepreneur a successful one.
3. Clear Ambition, Vision and Fearlessness
Successful entrepreneurs or leaders have a clear ambition for themselves and their company well supported with both long-term and short-term plans and vision. Most of them aspire to disrupt the world in a positive way, i.e. solving a specific issue with innovation and new ideas with a concept of giving back to society and concurrently earning profits through it. A startup often faces roadblocks, but entrepreneurs have their vision clear and solid in their minds.
They take quick and sensible decisions to break existing barriers and move ahead. They also inculcate the quality of fearlessness. An entrepreneur must not fear or worry about each and every decision; as mentioned above, he/she must learn the quality of risk-taking. There might be initial failures but in the long run, with experience, this quality decides the winner.
At the same time, he must not lose his composure and take harsh and unrequited decisions which might prove costly for the startup. Striking the balance between these two is a hard nut to crack, but is possible with exposure and experience.
4. Ability to Learn, Unlearn and Relearn
Most entrepreneurs have always emphasized this point. Most of them have mastered the skill to learn, unlearn and relearn skills at a faster pace. Some skills might prove to be important during the initial stage, but after scaling the startup, the prevalent skills have to be modified or changed completely.
So unlearning old skill sets and acquiring new skill sets at a faster pace is necessary and important. In the future relearning old skill sets might be required, so following this process in a right and efficient manner might prove fruitful. One must keep on updating himself and must keep himself flexible to changes.
Time is changing fast, what is in fashion today might be out of fashion tomorrow, so acquirement of this specific skill has helped many in the past and will help many in the future. Adaptation is the key here.
5. Originality
Most entrepreneurs succeed in carving their name as disruptors or innovators because of originality in ideas and their execution. Taking inspiration by reading case studies is fine, but copying or same way implementation might lead to a huge failure. These successful leaders have built on their idea in an organic way, learning from mistakes and not committing them again.
Improving products & strategies and relaunching them, has proved to be successful many times. In this growing startup culture, originality might lead to a big success or a big failure, but both of them would teach you many valuable lessons which might not be learned by mere copying.
6. Risk-Taking and Decision Making
Running a business is not an easy task and requires risks to be taken. Taking risks is the quality of a successful entrepreneur as many obstacles need to be overcome to have a good business plan. Stress is the primary factor for entrepreneurs and business owners to cope with their heavy work.
Entrepreneurs have it in their nature to think quickly and make on-the-spot decisions about their business; hence, intelligent decision-making is required. Hesitation and inability to make good decisions may lead to losses. A good entrepreneur knows about the skills of good decision-making.
Both the factors are dependent on each other as risk-taking involves making decisions on the spot and the biggest risk amongst them is to take the right decision within the perfect time.
To master this trait one needs to go through several materials for learning more about it. There are many directions to using criteria to deal with risk factors. Some of the well-known books that one can prefer to read for improving their risk-making decisions more appropriate are The Entrepreneur’s Guide to Risk and Decisions by Thomas G. Pittz and Eric W. Liguori.
7. Ability to Manage Resources
Managing resources is another critical role an entrepreneur must be aware of. Resources can have a number of things included in them like money factor or staff of the firm. All these resources require special attention to save and use properly.
A precise monthly income and expenditure knowledge is needed to handle a successful business. If entrepreneurs can manage Money, then they can run a good company. To get investment, entrepreneurs need to have a grip on their financial database.
The staff can also be managed in a precise manner. When someone new joins the company, they should be given training on how to go about the business. It will help keep the industry moving in the right direction and also help to increase the company’s commitment to its employees.
Entrepreneurs should learn the skills of motivating Staff. A successful entrepreneur keeps all these things in mind and strives to take his business to great extents. These are the Qualities of Successful entrepreneurs.
The graphs show the reasons for business failure. Irrespective of the reason, an entrepreneur is required to take the blame and amend it. Hence, one must learn all necessary skills before starting
8. Be Confident and Not Afraid to Voice Out Your Thoughts
The simplest way to be successful is to have trust in one’s self. Having confidence in inner instincts and decisions brings the person a step closer to success, and this confidence can be built by oneself alone. Self-confidence is essential in all aspects of life, and people who lack it have trouble moving forward in their line of work. Confident people admire confidence in others as well.
Communication is the identity of a successful person. It’s essential in everyone’s life. Successful people have a strong will, and they get to know what is right. So they are not afraid to disclose their opinions to the public. This is highly appreciated.
The best way to improve confidence is by taking risks and excelling at them. This can be achieved if one is void of overthinking and has already mastered the art of taking risks. Other factors that can help in improving self-confidence include being optimistic, knowing their own talents and shortcoming, working on improving their shortcomings, and many other methods.
9. Optimism
Positive thinking induces high personal ability in individuals and ensures a successful future. Optimistic people have limited negative thoughts, allowing time for productive thinking to take place and get good results.
Bright people take every situation in its stride with positive reviews, thus always staying a step closer to success. This is one of the essential traits of a Successful Person.
Entrepreneurs are required to work on this quality in order to have their mental state balanced. They are required to work under ample stress and risks. Hence, being optimistic can make their work life a little bit easier. The best method of becoming an optimistic person is to get in the company of an optimistic person who can provide some influence on your thoughts.
People who have patience can reach out to the stars. Patience is a standard key to acquiring a positive attitude even in challenging life situations. Stress and frustration hinder success, but patience helps in keeping these two elements at bay and allows individuals to focus on their goals to achieve success.
There is no shortcut to success and one needs to be patient to hold it. The best way to practice patience is by establishing realistic expectations. One can also prefer to modify their habits in order to change their expectations.
11. List Your Goal
Entrepreneurs are required to focus on many things and can forget a few points in between. In order to avoid that mistake, it is very essential to note down the goals. Having them in a written format can be a good reminder to yourself about what you want to do in your life and also helps in deciding what should be your next step.
Always keep a pocket notebook for jotting down innovative ideas and new information. If there isn’t anything to write down, leave the notebook blank. A blank notebook can become a tool for suggestions. Also, please write down the aims, dreams, and goals that would lead to the path of success and then decide how to achieve them.
12. Courage
Successful people are courageous as they overcome their fears by facing everything that comes their way. The ability to confront fear is the perfect qualification of a successful person. Confronting the fear that holds one back is the right path to becoming a successful entrepreneur.
13. Hard Work
The traits of a Successful Person are always responsible and hardworking. Meanwhile, they also do brilliant work. Successful Entrepreneurs have a specific focus and keep their aims and goals before them.
Having these Traits of a Successful Person shall go a long way in making an individual successful in their career. Hardworking will always yield beautiful results and this thing should never be forgotten. Every entrepreneur is required to be hardworking in their own field then only they can establish an empire.
14. Avoid Negativity
If you want to be highly successful, you must avoid negative thinking. You should see the world, the people, and the situation positively. A promising outlook, strong power, and confidence will set you perfect path to success and let make others follow. It also helps overcome real-life problems and gives the confidence to handle a challenging situation better.
Being jealous of other successors will only frustrate you and often lead to self-doubt and low complexity, making you divert from the successful path. Successful people are usually happy with other successful people; they get a suggestion from others to enhance their career growth and learn something new. This encourages them to avoid jealousy. Being glad for someone else achievements will boost your mind to the go-getter side.
Gossiping has always been regarded as a bad habit, and those looking for success shouldn’t gossip or talk about others. It will make you less successful, leading to lying and missing the truth. Even more, successful people will praise the work of others and won’t gossip at any time. And successful people give a good impression of other characters.
Every entrepreneur should be aware of the power of their words. Wasting it in unnecessary talks can lead to decreasing its value on its own. One should learn the skill of using words only when required while working. This skill is very essential in saving one from unnecessary attention and mistakes.
16. Create Your Own Opportunity
One of the worst things that avoid your path to be successful is waiting for an opportunity to open the door. Successful people know what they want and how to set the goal to get it. When you have a plan in your mind, you have to work hard and get it. Don’t sit around and wait. Just set your path and get it!
Get your goal listed, and create a path for it in your mind. Look for resources and start with the work. Sitting around and waiting for the right time is never an ideal solution for entrepreneurs to follow. A good entrepreneur should know how and when to create an opportunity for the self irrespective of the situation.
Becoming an entrepreneur is a responsible task. The effect of decisions one makes after becoming a successful entrepreneur does not only affect one person but involves the whole empire made by the entrepreneur.
For a similar reason, becoming an entrepreneur takes a lot of skills to be learned and applied. The above article contains a list of some basic skills that are required for a person to learn and practice in order to become a successful entrepreneur.
FAQs
What are the 5 critical success factors for entrepreneurs?
The five critical success factors for the entrepreneur can vary for different people. The most common factors are sacrifice, experience, leadership, organization, and optimism.
How do entrepreneurs develop skills?
The best way through which an entrepreneur can develop skills is by learning. Learning can create great changes in the personality of a person and it also teaches many new things to its readers.
Why are entrepreneur skills important?
Entrepreneurs are a great way for improving the economy of any nation. Having successful entrepreneurship means being able to successfully handle the empire created by own. The whole process of becoming an entrepreneur has many hurdles in it. The entrepreneur skills then help the person to overcome hurdles and become a successful entrepreneur.
What are the three most important habits of a successful entrepreneur?
The best three habits that are cultivated by successful entrepreneurs are reading a lot, building powerful networks, and having their goals set clearly and big.
Michelle D’souza
