Lessons from Three Years as an Entrepreneur

Agricultural Food Systems has now been in business for three years!

It’s been an interesting year for AFS: we completely redesigned the TenderID prototype, took part in another round of testing with the USDA, continued fine-tuning our technology, and were featured on CNNMoney’s website with fellow John Brown University alumni businesses James+James and Craftistas.

Any entrepreneurial journey must be one marked by constant learning. Sometimes this learning comes through success, other times it comes through hardship and failure. As Winston Churchill put it,I am always ready to learn although I do not always like being taught.” In other words, every situation presents an opportunity to grow. During my first year running AFS, I learned the importance of thinking strategically, constantly moving forward, and staying humble. The second year as an entrepreneur taught me to not let my identity be defined by my work, the benefits of delaying gratification, and how collaboration is an integral part of innovation. Those six themes were prevalent again this year as we continued to move forward with our R&D. Here are three additional lessons I learned this year:     Read more of this post

Lessons from Two Years as an Entrepreneur

Agricultural Food Systems, a company three friends and I started after graduating from John Brown University, celebrated its two year anniversary of incorporation yesterday!

Last year, I shared three lessons I learned during my first year as an entrepreneur. Since last May, AFS participated in the first cohort of the ARK Challenge, began testing of the TenderID in conjunction with the USDA, and was featured in Bloomberg Businessweek and Arkansas Business (article 1 || article 2).

As I’ve continued on my entrepreneurial journey, one of my personal mantras has been “never stop learning.” If for some reason AFS doesn’t work out (which hopefully won’t happen) and I learn nothing in the process, then the whole experience has been wasted. However, if it fails and I have some valuable takeaways, then it was a worthwhile (though costly) endeavor. As Winston Churchill said, “I am always ready to learn although I do not always like being taught.”

That being said, here are three lessons I’ve learned in the past year: Read more of this post

Lessons from One Year as an Entrepreneur

This past Saturday, Agricultural Food Systems, a company three friends and I started after graduating from John Brown University, celebrated its one year anniversary of incorporation!

What a year it’s been! It all started with a strategic management class at JBU which led to us entering our business plan in the 2011 Donald W. Reynolds Arkansas Governor’s Cup. After some very positive feedback there, we decided to start the business and were officially incorporated on May 19, 2011. Since then we have been busy getting the final production model of the TenderID, a technology that accurately and consistently predicts tenderness in raw beef carcasses on the production line, ready to for the market and should be ready for launch very soon (for more on AFS and the TenderID, visit the AFS website).

Needless to say, I’ve learned a lot about business and entrepreneurship in the past year. Jumping straight from college into being a small business owner has been quite the adventure with lots of teachable moments. Here are three of the most important lessons I’ve learned so far:  Read more of this post

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