Any business can fail for any number of reasons, but indoor farming is an incredibly delicate organism that depends on many disparate factors being perfectly aligned and in balance. This increases the risk of failure for those unaware of the number of plates that need to be kept spinning in perfect time. This list is not definitive but gives you a good idea of the most common mistakes to avoid.
- Avoid a trial and error approach to design
- Pick the right crop
- Location, location, location
- Simplify your business model
- Be realistic about operational cost
- Set prices based on what consumers will pay
- The skills gap
- Remember what you’re selling