The Future of Business in Agriculture
The Beet: A Podcast For Plant Lovers
Epic Gardening
4.8 • 1.6K Ratings
🗓️ 22 December 2018
⏱️ 16 minutes
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| 0:00.0 | What's going on everyone? Kevin from Epic Gardening here. We're back with |
| 0:05.0 | Coled the Plant Charmer and today we're taking it to to the business side of |
| 0:09.2 | things, the future of business in agriculture. Actually I got the title of the episode from |
| 0:13.7 | Mark T.L. 321 on Instagram. That was his question for Kale. He just wanted to |
| 0:18.2 | know generally speaking in the future of business in agriculture, which is definitely a |
| 0:21.7 | big question. So we're going to try to narrow it down a little bit first and |
| 0:26.2 | Colette we've gotten some questions about how did you start what was the the financial logistics of it |
| 0:31.8 | if someone wanted to replicate a model like this, |
| 0:35.2 | what would they do? |
| 0:37.2 | Okay, well, it depends what you do, |
| 0:38.6 | but if you're going to go into the unknown like I did, it's going to make things, you know, they say starting a business and stuff, starting a business and an industry that doesn't exist is a hundred times tougher. So, but now I've kind of, you know, did the legwork in the beginning of what I was kind of said the path, so it should be easier. |
| 0:56.0 | However, if you go into agriculture like you go into any other business, it's good to be aggressive. |
| 1:02.4 | It's good to take risks. It's good to take risks. It's good to go where no one else is going. |
| 1:07.0 | But you need to understand that these things may actually kill you in the end. |
| 1:10.0 | So you need to kind of go get the benefit of that without having the drawbacks or taking all the risk that could put you in a box basically. So the way you do that is, for example, I wanted to, you know, I kind of had a background in horticulture a little bit, but I came up with a theory that going vertical like this can have all these benefits that we talk about all the time. |
| 1:29.4 | However, I didn't have the cash to do it on large scale and even if I did it wouldn't have been smart. |
| 1:34.0 | It's better to actually make your teeth basically sharpen your teeth on a small system where the mistake is not going to |
| 1:41.5 | kill you and then you know go forward from that so if you apply |
| 1:44.8 | that methodology of starting something testing it out improving your skills gaining experience |
| 1:49.6 | on a small scale where it's it doesn't matter to your bottom line, then you can pretty much last forever. |
| 1:55.7 | So most companies die not because their idea is bad because they're under-capitalized to the point |
| 2:01.1 | where they cannot live long enough to reach the level of profitability. |
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