What does it take a business to be successful?

[Pikiboy]

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.

[Joy_learns_crypto]

We are in the age where information are at our finger tips your friend can just search, they could browse, ask chat gpt, learn about the livestock part of agriculture, there are many books for this, because rearing livestock is only about making sales but how to keep the animals alive, in good and edible condition to make sales and build trust.

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.

Your friend can ask real cattle rearers, because understanding the climate, local market, availability of resources, competition is imperative to running this type of business.

[SatoPrincess]

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.

[Fortify]

We live in a world surrounded by businesses and ideas, yet you cannot come up with anything? The most successful businesses often spawn from hobbies or things that the owner finds interesting. If he likes puzzle games he could consider opening a puzzle store, if he likes doing reviews then he could start streaming those or if he's good at fitness he could become a self employed instructor. There is a saying "if you love what you do you'll never work a day in your life" but few people have the ability to pull it together, or at least it takes many years of practice to get the right combination. Your friend also needs to assess the capital they have available - are they starting with a lot and can buy into a premade profit generating business with a lot of due diligence, or are they starting a company on a shoestring budget in which case they need to do all of the hard work themselves. Nobody is going to be able to hand out success to random strangers beyond general words of advice.

[Bd officer]

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.

[Wiwo]

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.

Let him go to fulani people gather them and buy 5 female cows and 2 male cow's, have a monthly budget for feeds and water, a big space of land and a fence, having stead ventinary doctors for their treatment.

But very important he have experience on his own instead of relying on comments on random forum members who's experienced may differ based on individuals and their locations.

[Hewlet]

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.

If he can not do basic research by himself, how then does intend surviving in the business he plans going into? by just going to YouTube to search for cattle rearing business, you will find a lot of post that explains and gives insight into that line of business especially as it relates to the environment he is going into. even with AI, it becomes even easier to do these kind of research and to come up with the right information that gives you ease while getting started in that line of business.

cattle rearing business is not that pronounce in most regions and you might not be privileged to see people that will give him the needed guide. but the question, what even inspired him to consider that business venture when he lacks proper knowledge on it?

[Stepstowealth]

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.

The real cattle rearers, the people that your friend should be learning from are on the field and not on the forum, I believe that people on the forum are more focused with crypto related businesses and not cattle rearing except somehow your friend wants to start accepting crypto for payment for his cattle then we can be relevant in that field otherwise I believe he will gain real experience or real knowledge about that business when he goes to into the field and meet up with people who are professionals in this business and have been doing it for a very long time to share their experience. Sometimes even if these people will not share their experience for free of charge your friend should make the sacrifice of paying because the knowledge he will get will be valuable in helping him make the most profit from the new business he is about venturing into.

[Rabata]

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.

Before getting into the business of raising cattle, it is very important to get an idea of ​​not only the potential profit, but also the entire system from yourself and those who are doing these things in your area. First, you have to calculate the cost of buying animals, how much money will be spent regularly on food, treatment, labor, and accommodation. Sometimes, even if the price of animals increases, the expected profit can decrease a lot if the cost of food and treatment increases. Again, various types of diseases or improper animal husbandry can cause major financial losses from a small problem.

The wisest thing to do is to first check which type of animal is in high demand in the market in your area and when it is sold at a good price. For example, if someone is working on fattening cows, then instead of just thinking about quick weight gain, they should calculate the quality of food, the health of the animal, and the potential selling price together. In my opinion, before starting a business, get experience from those who do such work in your area, visit the farm thoroughly so that you understand everything yourself and if any problems arise later, you can solve the problem yourself.

In my opinion, starting on a small scale, gaining practical experience, and keeping track of the costs and sales of each animal will give you a clearer idea of how profitable and how much loss the business is actually experiencing.

[noorman0]

-snip-
He said of wanting to venture into rearing of cattle's and how lucrative such business could be?

You haven't gone into much detail regarding this conclusion, for instance, what the demand looks like, what the operating environment is, or how extensive your connections are.

I am also somewhat close with cattle traders. In our area, high demand for beef is strictly seasonal (usually the three months leading up to Eid al-Adha). Outside of that period, their pens sit almost empty. Market demand is met primarily by small-scale household farmers; on average, there are only one or two head of cattle per 100 households.

I don't mean to discourage you, but industrial-scale cattle farming requires massive capital, and in the beginning, it feels like a life-or-death gamble.

[Lembo69]

If your friend is looking for information on livestock farming, I would advise them to have a face-to-face discussion with someone who is already involved in this business and has long-standing experience. Since your friend is new to the field, gaining practical insight from an experienced person would be beneficial. As far as I know, there is a lot to learn regarding animal husbandry—covering aspects like feed, veterinary care, and other related matters. One should always gather knowledge about a venture before investing in it; regarding livestock farming, it is essential to first learn about setting up the facility, animal nutrition, and proper care. However, if your friend already has an existing source of income, I think it would be a good idea to encourage them to invest in Bitcoin instead.

[Btcdeybodi]

We are in the age where information are at our finger tips your friend can just search, they could browse, ask chat gpt, learn about the livestock part of agriculture, there are many books for this, because rearing livestock is only about making sales but how to keep the animals alive, in good and edible condition to make sales and build trust.

You are right about making research on the internet to find out the best practices in livestock farming but that doesn't mean that they won't also need the experience of someone who has been in such business for years. The information that can be gotten online is good but practicality matters a lot because some information about a particular business can be filtered or may not contain the complete processes involved. Again, online information can be given from a place of general view and not for a particular breed of livestock. It can also depend on the region that the person wants to start the business, if it is an area that experiences hot or cold weather. All these information may not be included in the information you will get from the internet.

[Z_MBFM]

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.

A cattle farm is profitable if he can do it on a large scale. And what he has to do is buy good breed cows that can give a lot of milk. A cow should buy a breed of cows that can give 25-30 liters of milk per day. And they should be given raw grass in their daily diet, so he has to cultivate grass and of course he has to have a permanent doctor for the health check of the cows who will always do a deep health check. If he continues like this, he will be able to do a profitable business. Because the cows will give milk, there will be profit from this and give birth to one calf every year. Although I do not have experience in cattle farming, I see several people I know doing this.

[Creeper0]

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.

Local climate, weather, demand, market and competition etc. are important in animal husbandry. Animal husbandry is a profitable business in agriculture, but without practical experience in this business you will not be able to survive in any way. You will have to work actively or invest a huge amount of money.

This forum may not be able to give you a complete idea about animal husbandry, you should take advice from local farmers and learn the basics from Google or YouTube. Of course you will find some influencers who share information about agriculture.

[Crypto Library]

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 opinion, the business of raising cattle is not bad, even if  this business is continued in the right way with a focus on the future, I think this sector can create a stronger position than other businesses. Because even though artificial intelligence and robots can easily complete many technical and technology-related activities, they will not be able to completely take over this aspect of farming.

However, here too, before starting a business, you must take risk assessments. In what weather should you raise livestock, in which area and according to that area, what type of structure should you build for your farm?


For example, if I talk about my country, we cannot make a profit by raising ducks everywhere, but rather we have to choose those places where there is a lot of water, such as the haor areas.

[Y3shot]

He said of wanting to venture into rearing of cattle's and how lucrative such business could be?

Business is not about having the funds to start; it is all about what you understand about the business. In business, like this, there are other things that are involved. You must think about the settlements of the cows, and you must consider how they are fed. If you can't provide these things, the business might become challenging for you. It takes understanding to succeed in a business like this, and it is not about having the money to start. If you really want to do well in business, meet people who are into it to guide you first.

[Oyoyoma_yu]

Although am not into cattle rearing but as much as I know rearing of cattle requires zeal , and dedication in other to make it work. It is a nomadic work where you have to be wandering from one pasture to another. Now in many part of the country cattle grazing is not allowed because of the kind of threat that cattles causes to people's farm land, but in other not to have issues with people is either you concentrate on pipelines or preferably you can purchase some plots of land, fence the place, and let your cattle graze within that fenced area. Cattle rearing can be very lucrative, if you must succeed you have to make yourself available for the task involved. Another area I don't no much about is how they are treated if any of the cattles get seek since they are mostly carried about in the bush.

[Localhostspeed]

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.

Cattle farming has different experience because I have Goat experience too. The advice of extensive systems, the experience is different from the one you will get if you practice intensive system and as well as semi intensive. Each of them have their advantages and their disadvantages, you have to look for one that you are very confident that will work for you and if you have the time to practice that kind of system.

It will make sense if you reason with people that are in that kind of line of business. If it's a physical business and you know people that are into such, it will make sense to engage those people so you can have answers that are coming from people that are in that line of business. If you ask a random person that doesn't have such experience, I'm afraid that you may not get the right answers to what you need.

[Cheema02]

Every business has its own ups and downs, so to start any business we should do research on it and get information from those individuals who are already in that business. No doubt cattle farming is one of the most profitable businesses in the world and even in our country, but it's not just about buying and selling cows. Your friend must have knowledge of the expenses of farming, like the purchase of healthy animals, animal feed, veterinary clinic, electricity, or disease prevention costs, because in cattle farming this estimation is very important. The most important thing is the selection of category of farm, like, for which purpose they want to invest, like in dairy products, meat production or for just selling and purchasing purposes.

After all this discussion, I suggest your friend start the business at a small scale so that he learns from it easily and adopts the improvements early on, because with mistakes, he learned how to overcome risk at a large scale business. So he should invest in every category and then which category he found to be manageable, then he would invest in it on a large scale and make a profit.

[Sally9256]

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.

Let him go to fulani people gather them and buy 5 female cows and 2 male cow's, have a monthly budget for feeds and water, a big space of land and a fence, having stead ventinary doctors for their treatment.

But very important he have experience on his own instead of relying on comments on random forum members who's experienced may differ based on individuals and their locations.

Yeah its true that it's better to have some experience or have someone with some experience before going into the business or any kind of business else it won't be fruitful. Nowadays one have to be careful with who we entrust our businesses to, asking Fulani people might be good but it's still somewhat risky going all alone so it's best to have someone with experience with you.

You've said the most important things he need to have in place, a fenced land, a Vet and some form of security men to guard the place if not he will end up being robbed. These are the basic things needed to start the business and to me I believe this will be much better than the extensive type.