Page 58 - Agriculture_Form_Three

Agriculture for Secondary Schools

Chapter

Three

Planning for livestock enterprise

Introduction
Livestock enterprise means the business of producing livestock products through the

use and management of land, water, labour, capital and other basic raw materials.
Planning is an essential step in any kind of enterprise. In this chapter, you will learn the
concept of planning for livestock enterprises, physical and financial planning as well

as development of implementation plans for livestock enterprises. The competencies
developed from this chapter will enable you to identify opportunities, challenges
and necessary requirements for livestock enterprises before implementation.

The concept of planning for livestock enterprises

Planning for an enterprise is an ongoing process that begins with the identification
of your personal and enterprise goals. It ends with an implementation plan that
addresses important management functions and means to achieve them. As such,
planning requires vision or the ability to see success for your enterprise before
implementation. Knowing where you want the enterprise to be in three to five
years and what you want to achieve during that time is an essential ingredient of
successful planning. All decisions the entrepreneur makes should contribute to
making this vision a reality. If at all possible, planning should be a part of your
everyday management thinking. It is a mindset of continually looking for ways to
make the enterprise more competitive. An enterprise plan helps you to demonstrate
that you have fully researched the proposed alternatives; know how to produce the
product(s), how to sell what you produce, and how to manage possible risks.

Planning entails thinking about the reason you want to begin a livestock enterprise,
the available resources to support the enterprise, the local markets you have access
to, and the amount of risk you are going to bear. Information is the raw material that
fuels the planning process. As an entrepreneur, you must gather detailed information
about the strengths and weaknesses of your competitors in order to come up with
strategies that create a competitive advantage for the enterprise. To plan for livestock
enterprise, you should have a thorough understanding of the current state of livestock

Student’
Student’s Book Form Twos Book Form Three
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