What does it take a business to be successful?

[Tungbulu]

I think that the place of getting information from an online source is just so you get basic knowledge on the field you are getting into. while such knowledge is good, it is worthy of note that such knowledge alone can not lead to your success in the chosen field you are pursuing. in addition to whatever information you gather in this place and through any other channel, you need to get things back to the grassroot and look out for what will work for you based on the peculiarity of the things that is available to you.

If you learn the art of cattle rearing online and think that you are going to just prosper in it without doing proper physical research from those that are actually doing it around, you are bound to encounter massive challenges.

That’s right. Most of the times, learning without actual practical experience may not really avail much for the someone who’s still trying to get a hang of that particular business. This is because learning from online sources is practically learning from the experience of others, and if there’s one thing we know, it’s the fact that there’s no guarantee that a strategy that worked for one person will equally work for another person, so these information should only serve as a guide for one to know what to expect, but it is your own experience that gives you a real time clue of what you’re dealing with.

[HelliumZ]

A friend want to venture into business and was asking me to share with him things that are involved that particular business, but to be frank I am not into that business for me to share idea with him.
He said of wanting to venture into rearing of cattle's and how lucrative such business could be?

Please if there is any idea you can share here many I wouldn't mind sharing them with him to know what it takes to run such business.

Any business, if done properly, will undoubtedly be profitable, depending on the person doing the business. Since your friend wants to do cattle business, he must work hard. In this case, he must be hardworking to take proper care of the cattle and he must gain knowledge about the seasonal diseases that can attack them. If he is not knowledgeable about the diseases and pests of cattle and how to take care of the cattle, he will not be able to profit from the cattle business. It should be remembered that there is a risk in any business, and in the case of cattle, this risk is the highest due to seasonal diseases. If you do not have proper knowledge about these, it will be difficult to profit from the cattle business for the time being.

[Makus]

The main reason why some businesses crash after a while is because they don't give customers a good service. A business grows or becomes successful by more patronage from old customers and referral to other people, but no one can be confident to tell others about your brand when they cannot fully trust you, because anything that goes wrong in your dealings as a business owner with those new customers the people that referred them to you would blame themselves for it.

In the aspect of your friend's interest to start a cattle business I would suggest that you ask people that are into cattle rearing, you can get different suggestions or advice here but it won't be as helpful as getting it from someone that is into the business.

[Hamza2424]

Fulani people are one of the major tribes in Nigeria, west Africa that are known for their cattle rearing ability. But then, just like other animal farming like poultry, cattle rearing has been modernized in several ways, so it can't be addressed as a local thing even as it can also be done locally.
Cattle meat and milk is a global commodity, I stand to be corrected and so there's actually nothing wrong to bring up such talk here knowing how important cattle is to humanity.

Yep, I said a little over, but bro, no doubt that dairy products are our basic needs, and one of them, eggs, is even used to compare the inflationary rate from the early days to now. Many people used to say eggs used to be like X$ back in the day, and now the rates are this.

So in the economics board, it suits well, but overall, the question that OP asked was a bit local. Also, the words he used, like Fulani. Now, I did not know what it means, but I had some idea it must be a local thing.

I have read many things about tribes in Africa. Even in the 21st century, there are many tribes, but I am not from Africa, so I can't tell the main difference between tribal life and a life where tribes are very low, like in my country. It all depends, but those old traditional ways of people living in Africa sometimes shock me, as I have seen many documentaries bro. That's how I know. Anyway, this business matters a lot.

[suzanne5223]

I doubt I agree with on that. As a business owner you shouldn’t rush to tahe money from your business for personal use. But also i don’t think a year should be a fix rule for all business. Most businesses can recover their capital in a few months while others might be more than or even a year self. But knowing your expected cash flow cycle before getting to start it the most important thing.

 As a business owner you should be able to tell how much money your business ness to be able to keep on running and you can take profit. With this you should be able to  prevent the mistake of going to treat you capital as a personal funds too early.

You don't need to agree with me what I said but I am talking from personal experience because it's not always about getting the capital back but making the business flourish more before taking money from the business for personal use which is the reason why I said at least a year because the business is yours and I don't see any reason in rushing to spend a dime for personal use which is what some business owner did before they are bankrupt.

[ndutndut]

A friend want to venture into business and was asking me to share with him things that are involved that particular business, but to be frank I am not into that business for me to share idea with him.
He said of wanting to venture into rearing of cattle's and how lucrative such business could be?

Please if there is any idea you can share here many I wouldn't mind sharing them with him to know what it takes to run such business.

In my area, the cattle farming business is still quite profitable because there’s still a high demand for meat and milk both nationally and even internationally that hasn’t been fully met. The profit margins can even be bigger each cycle depending on things like scale, feed management and timing of sales. In my area, sales tend to increase as the cattle grow bigger.

We can also see that when starting a cattle business, for example, if you buy a cow for $1000 each and assume its feed and operational costs are manageable, you could make a net profit of $500 per cow. Even if there’s extra income from manure processed into organic fertilizer, the earnings from cattle farming can be very profitable.

Of course, any business requires a significant initial capital, especially in the cattle business because you need to prepare adequate land or pens as well as practical knowledge about selecting breeding stock, quality feed, and especially preventing seasonal diseases like FMD. Without proper health management, the risk of losses due to disease is very high. Maybe your friend should start by continuing to learn well and starting with a small amount. If carried out diligently and continuously learning, the opportunities in the business remain wide open. All businesses carry risks but what's important is that you can manage the risks well. Especially when starting a business involving living creatures like cattle the chances of cattle mortality are also not small.

[Taricoins]

If you yourself have no idea about business then you tell your friend that you have no idea about business. If you have no idea then you cannot advise your friend according to the advice of others. Let your friend do his own research.

Cattle rearing is not a bad business. If your friend can be hardworking then he can start this business. Personally I rear cattle and get good profit from it.

But you just gave an idea just now and you see that the OP wasn't at all wrong by bringing the inquiry here because he really wants to help his friend. I believe we are in the information era and most adoption and idea are gotten from AI but I think input like this from various members here can be helpful because information from fellow humans tends to be more useful than sourcing through the Internet, Ideas from here can even be tailored to the peculiarities of challenges he is going to face in his journey in cattle rearing.

[Findingnemo]

A friend want to venture into business and was asking me to share with him things that are involved that particular business, but to be frank I am not into that business for me to share idea with him.
He said of wanting to venture into rearing of cattle's and how lucrative such business could be?

Please if there is any idea you can share here many I wouldn't mind sharing them with him to know what it takes to run such business.

When the friend doesn't have a clue and is asking advice from someone who doesn't have a clue about the business either, then it is better he doesn't do any business at all.

One who wants to be successful actually know what should be done and if not they won't be successful.

[programmer3666]

A friend want to venture into business and was asking me to share with him things that are involved that particular business, but to be frank I am not into that business for me to share idea with him.
He said of wanting to venture into rearing of cattle's and how lucrative such business could be?

Please if there is any idea you can share here many I wouldn't mind sharing them with him to know what it takes to run such business.

He needs to know that the real boss in his business plans is the natural weather, coupled with water as well. If he commences in an environment where the sun ight is too hot and rain eventually stops falling, then all the green grass will turn to dry stalks and dust for a couple of months. And if he lacks the fund to dig a very deep commercial-rate borehole, then his cows will gradually lose weight and become malnourished and that simply means they will drop in price.

[9ja Amaka]

Livestock business is not want you will venture into with out be thought and guild by someone who has the experience who has been in that category for long, meanwhile your friend can also ask google some questions and make some researches but I will still say he meets someone who is doing such business for more clearifcation, for a start he can get few cattles male and female provided he has a land and also make a shelter were they can rest, starting with few will make him identify his mistakes quick, if there will be a lost it wouldn't be much and as time go he will be understanding more how he can control a more numbers of cattles.

Who in his right mind will go into animal farming without learning from someone who has the experience? Even a teenager will know that he has to learn the farming practices. Without learning, the farmer can't do magic to be successful.

Self-taught practices have damaged many business owners to this day. Unfortunately, it is a major problem with young people who want to go into farming without meeting a consultant to give them advice on what they have to do. In business, experience is the best teacher.

[Jaycoinz]

Before going into cattle rearing and being successful in it as a business it is important to understand that this is an aspect of griculture and most people go to the university to even study this as a professional course before going into it, not saying that it is compulsory to go to the university to learn this first but for better results to be achieved your friend needs to get schooled on it for a while and only those that are professionals can teach or give him advice on it. There is a lot to understand about animal rearing especially cattle, asking questions on the forum won't give you the answers you need.

[Shineup]

Before going into cattle rearing and being successful in it as a business it is important to understand that this is an aspect of griculture and most people go to the university to even study this as a professional course before going into it, not saying that it is compulsory to go to the university to learn this first but for better results to be achieved your friend needs to get schooled on it for a while and only those that are professionals can teach or give him advice on it. There is a lot to understand about animal rearing especially cattle, asking questions on the forum won't give you the answers you need.

One can go into any farm business that he's got no idea of and still do quite okay, but when we talk about cattle rearing bro that is one big task ahead of that person, with my little understanding and experience about cattle rearing, they need constance movement to keep fit and survive, because stucking them in one place can make them fall sick and maybe probably die, and when they do it's really a huge lost to the owner, and you must need enough green grass to keep them living, though you need no medication to keep them fit because the leafs they feed on is the only medication they need, but in all I won't advise anyone with a less idea to venture into it, because it's not really an easy task.

[Umulala-alala]

Livestock business is not want you will venture into with out be thought and guild by someone who has the experience who has been in that category for long, meanwhile your friend can also ask google some questions and make some researches but I will still say he meets someone who is doing such business for more clearifcation, for a start he can get few cattles male and female provided he has a land and also make a shelter were they can rest, starting with few will make him identify his mistakes quick, if there will be a lost it wouldn't be much and as time go he will be understanding more how he can control a more numbers of cattles.

There is a difference between practical learning and online learning. As there are some things that one will understand better if they learn it practically just as you said. If one wants to venture into any business without enough knowledge, it is better for them to ask someone who is more experienced to guide them, but they also have a part to play as they don't have to rely entirely on one source of information. This can help their business grow, as they will be able to deal with challenges.

It is very wrong for someone to see his colleague in business and decided to go into that all because his colleague is doing absolutely great, many businesses have collapsed due to this kind of mindset, starting the business from the grassroots is the most important thing, because that will help you to learn more about the business and also will give you more experience on how it is being run. Sacrifice your time and effort to learn this from someone who have the experience, the market is never too late for anyone and that is why we have to take our time to know how to navigate in the business to avoid being kick out from the environment.

No I don't think it's wrong if your friend or colleague is doing any business and you decide to do such business, it could be that you already have an idea about such business or you have already plan to do such business and unfortunately your colleague was first to start it maybe you were delay to start it before him but you never have the money to start it up and later started it when you have the funds, it's only wrong when you don't have idea or knowledge about such business and you went into it because you saw some one doing well in that business such person will definitely not make progress in that business because he lack the experience to run such business.

[Brizi5000]

Before going into cattle rearing and being successful in it as a business it is important to understand that this is an aspect of griculture and most people go to the university to even study this as a professional course before going into it, not saying that it is compulsory to go to the university to learn this first but for better results to be achieved your friend needs to get schooled on it for a while and only those that are professionals can teach or give him advice on it. There is a lot to understand about animal rearing especially cattle, asking questions on the forum won't give you the answers you need.

That’s true, if he really wants to run a standard and professional cattle business then he needs to have acquired some degree of knowledge and experience either in school of thoughts or from practical experience gained from those who are in the business. If also he have the money to pay those who are experienced in nomadic cattle farming then he can as well work with them and let them train the cattle why he provides every necessary resources needed for the people to work perfectly but he also will have to be very diligent and make sure to follow up with every day to day activities to know how the business is doing else he will run a huge loss because it’s difficult to entrust your business in the hand of anther.

[Cgrexp]

Before going into cattle rearing and being successful in it as a business it is important to understand that this is an aspect of griculture and most people go to the university to even study this as a professional course before going into it, not saying that it is compulsory to go to the university to learn this first but for better results to be achieved your friend needs to get schooled on it for a while and only those that are professionals can teach or give him advice on it. There is a lot to understand about animal rearing especially cattle, asking questions on the forum won't give you the answers you need.

That’s true, if he really wants to run a standard and professional cattle business then he needs to have acquired some degree of knowledge and experience either in school of thoughts or from practical experience gained from those who are in the business. If also he have the money to pay those who are experienced in nomadic cattle farming then he can as well work with them and let them train the cattle why he provides every necessary resources needed for the people to work perfectly but he also will have to be very diligent and make sure to follow up with every day to day activities to know how the business is doing else he will run a huge loss because it’s difficult to entrust your business in the hand of anther.

The qualification of a good entrepreneur is to understand his own capabilities and limitations and hire skilled and experienced people according to the need. If he really wants to run a quality and professional livestock business, then he must gain theoretical knowledge about the business and practical knowledge from people experienced in this profession. However, it is difficult to understand the real situation of the livestock business from only theoretical concepts. A businessman can hire skilled workers or managers .   The owner needs to have sufficient knowledge about his own business. So that he can understand the work of the employees and verify their decisions. Animal food, health, treatment, weight gain, and marketing are all directly related to the profit and loss of the business. If he neglects the care of the animals, wastes food, and does not understand the need for treatment in time, then the owner's investment can gradually lead to losses. For this reason, it is necessary to have a clear management and accounting system from the beginning of the business. The idea that one cannot do business because one has less experience is not right. It is also not safe to invest money and leave the entire business responsibility in the hands of others. The main responsibility of an entrepreneur is to select skilled people who understand their limitations and at the same time maintain effective control over the business.

[Crypto_Timothy]

Please if there is any idea you can share here many I wouldn't mind sharing them with him to know what it takes to run such business.

I'm not going to pretend like I know how to run a cattle business but I think for any business to thrive, the person seeking the business must be first informed about the potential of risks and success of the business which I think your friend is heading in the right direction by seeking for opinion from you and even if you didn't have what to say to him, you are here on the forum, seeking advice which you will take back to him and make him more informed and of course if he does his own research in addition to whatever you get from here, I think your friend might just have a good business running in the future, he is already on the right path.

[Popkon6]

A friend want to venture into business and was asking me to share with him things that are involved that particular business, but to be frank I am not into that business for me to share idea with him.
He said of wanting to venture into rearing of cattle's and how lucrative such business could be?

If your friend is willing to raise cattle, then of course he can, it is definitely possible to make a profit by raising cattle. But you have to raise cows, if you raise cows, you can build your farm in a short time, in the current situation, raising cattle is the most profitable, because it costs little and you can make a profit very quickly.
At the beginning, select a place, and also dig a house to keep a pond/water where you can bathe the cattle. Then you have to select the food of the cow, if you feed all these foods, the cow will definitely be fat and fresh in a short time, so you can sell it and benefit from a large amount of money.

Please if there is any idea you can share here many I wouldn't mind sharing them with him to know what it takes to run such business.

The risk in raising cattle is very low, in the current situation, I definitely give my opinion on raising cattle. However, if you can raise cattle properly in the right place and in the right environment, then you will definitely be able to benefit.

[Cityhunter34]

And you thought the best place to get advice about animal farming would be from a bitcoin forum? Not the best choice imo.

Your friend can find all the information he needs on the internet. Download books on cattle farming, watch YouTube videos, and approach farmers in your city for advice.

Yes, I think social media is the best place to get advice about such businesses, because we don't have anything like that in this forum.

Such things are very rampant on social media, because I have often seen that the internet has made things easier for us to get what we want without being more stressed about it, because it makes no sense to asked about something that you can easily research and do coldly on your own.