Chester that is why people normally engaged themselves

Chester W.S
Senerez                                                                                                       
AGRIB 48

BSA (Anscie) IV

            Starting an enterprise can be
exciting and dreadful at the same time. Exciting, due to the fact the
enterprise or business entity creates employment in the society, thus it makes
feel the entrepreneur/s need by. Moreover, it contributes to research and
development; but most importantly, there is an easy accessibility of money in
the business world, that is why people normally engaged themselves with. As it
was mentioned earlier as well, starting an enterprise is also dreadful because
it pertains to myriads of mysteries why businesses normally fail. Some
entrepreneurs start one successful business after one another while some often
fail to succeed. The worst scenario about a failing business entity is that the
entrepreneurs are not aware of it happening until it is often too late to save
the business. It really makes sense due to the fact if the entrepreneurs really
knew they were doing wrong, they might have been saved the enterprise to begin
with. However, some entrepreneurs live in a labyrinth of denial, while others
are just unaware of their mistakes.

            Generally, forming an enterprise
associates in the concept of warfare, where soldiers should not be cursory to
jeopardize themselves in invading into the battlefield without thinking of carrying
any weapons with them; it is just absurd to think of, but just like the
soldiers, entrepreneurs also need to think circumspectly before establishing
their proposed projects to have higher chance of success. Thus, forming an
enterprise involves a thorough and systematic analysis of all the factors that
affect the possibility of success of a proposed undertaking. Since the
Philippines is one of the agricultural countries across the globe,
agribusinesses are commonly established in the said country. These
agribusinesses generate the Philippines’ income in the agricultural sector. Examples
of these agribusinesses are the following: poultry farms, livestock farms,
swine farms, feed companies, veterinary products manufacturers, hatcheries,
etc. Therefore, agribusiness defined as an enterprise or sometimes known as an
agricultural business embodies all the market and private business-oriented
entity involved on the agricultural transactions such as farming, management,
production, storage, processing, and distribution of agricultural commodities
or agro-based products  to the community
to suffice human needs, more specifically to alleviate hunger.  In order for the agribusiness men, not only in
the Philippines but across the globe, to become big key players in the industry
they need to follow the 4 general fundamentals processes of enterprise
formation. These processes are the following: territorial selection, market
opportunities identification, enterprise design, and implementation and strengthening
of business support services. Territorial selection is sometimes known as agribusiness
profiling where its primary objective is to determine areas for investment by
agribusiness men (investment entry points) and areas for agribusiness
development (developed entry points). In selecting territorial site for
agricultural business there are various interrelated factors must be
considered. These factors are the following: economics, agricultural, and
infrastructures. Economics is also related to economies of scale which
associates a person’s class in society based on how much money he or she makes.
This is also related to the buying capacity of the people in the territorial site
(salaries and wages). This is one of the factors every entrepreneur needs to
consider, because the people themselves might be his/her customers or buyers in
the future, or maybe they might be part of the agricultural business’
organizational chart (employees).Thus, the success of the proposed enterprise
is dependent on them as well. Second is the agricultural components; this is
the crucial part where the entrepreneurs should know what crops/animals (if
they wanted to pursue animal/crop production) they are engaging with, prior to
site selection. Moreover, the entrepreneurs should know the
biological/production cycle of the crop/animal they want to cultivate or rear
for their agricultural businesses. With that, the chosen organisms, either
animals or crops, can live appropriately in the chosen farm site. Thus, the
agricultural components the entrepreneurs need to consider are the following:
soil structure, type, ph, altitude, rainfall in relation to climate,
temperature, relative humidity, and etc.