Entrepreneurship

Learning occurs 
through a combination 
of training and practice 
For a new venture 
to survive, existing 
competencies must 
be strengthened 
and some new 
competencies learned

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Building entrepreneurship skills 
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and capable workers, the farm businesses – particularly 
those  with  limited  resources  –  fail  due  to  lack  of 
available cash caused by poor cash management. 
•  Productivity and quality management. It is more and 
more the case that competition among farm enterprises 
is  based  on  product  quality  and  timely  delivery 
performance,  therefore,  developing  this  competency 
is especially important. 
•  Networking  for  information. Farmers in this stage of 
their business development need to increase their skills 
to use their network of family, other farmers, buyers 
and suppliers to locate and obtain needed information. 
In  particular,  learning  from  the  experiences  of  other 
farmers must be maximised.
•  Competence in the use and application of computers
and  electronic  communications is also becoming 
essential.  The  cost  of  computer  hardware  is 
continuously  decreasing  and  there  is  a  wealth  of 
business  software  applications  that  are  very  useful 
in managing farm businesses. Technical  and market 
information  is  increasingly  being  provided  through 
electronic and computer-based services. 
Figure 13