Diary of a poultry farmer: 11 things starters in poultry business ought to know
These interactions have helped me come up with 11 concepts that all seasoned and upcoming farmers need to succeed. I’ve summarised them in the table right.
From my experience, although technical aspects of animal husbandry practices like disease control and vaccination, feeding, book-keeping or developing business plans that I’ve written on extensively matter a lot (item two to 10 in the table), they are not the game-changer.
Besides capital and basic knowledge in animal husbandry and agronomy, to succeed in any agribusiness venture, one also needs to have a business mind-set and entrepreneurial knowledge and skills.
One of the first questions I ask farmers is, “What made you venture into poultry farming in the first place?” Many times, I am met with blank stares.
But often, I get a wide-range of responses like, “Well, I just retired from formal employment and need to put my ten-acre piece of land that I bought some years back to better use and keep myself busy.”
I learned the hard way that money should never be an entrepreneur’s sole motivation. In fact, if your business idea doesn’t solve a problem that people care about and are willing to pay for the solution, you need to go back to the drawing board.
Another lesson is that entrepreneurship is a way of life and as such, don’t start a business if it entails doing something you don’t enjoy.
The bottom-line is that whatever your reason is for venturing into any business, most successful ventures emphasise purpose and growth over quick monetary gains during the start-up phase.
“Starting any business is a journey not a sprint and if your goal is to make money quickly, you’re sure to burn-out in a few weeks or months,” I told a group of farmers.
You see, even in the best case scenario, the average success for any start-ups takes six years. I addition, nine out of 10 start-ups fail within a year.
You see, farming works best through networks where inputs and ideas are shared to create synergies. To bring the point home, I said this, “The Chinese have a saying that if you want to go fast, go alone, but, if you want to go far, go together”.
Here’s the thing, in most cases, people assume that to venture into business, you first develop a written business plan, raise capital, develop a product, sell it and make a profit or a loss. In my case, I didn’t wait until I’d a perfect plan, adequate finances or answers to every possible question.
Instead, I mostly learned on the job and made many mistakes which I’ve recounted. It’s taken me three years of trial-and error to figure out a workable business model for my fledgling venture which I’ll be sharing in subsequent articles.