Chester W.SSenerez AGRIB 48BSA (Anscie) IV Starting an enterprise can beexciting and dreadful at the same time.
Exciting, due to the fact theenterprise or business entity creates employment in the society, thus it makesfeel the entrepreneur/s need by. Moreover, it contributes to research anddevelopment; but most importantly, there is an easy accessibility of money inthe business world, that is why people normally engaged themselves with. As itwas mentioned earlier as well, starting an enterprise is also dreadful becauseit pertains to myriads of mysteries why businesses normally fail.
Someentrepreneurs start one successful business after one another while some oftenfail to succeed. The worst scenario about a failing business entity is that theentrepreneurs are not aware of it happening until it is often too late to savethe business. It really makes sense due to the fact if the entrepreneurs reallyknew they were doing wrong, they might have been saved the enterprise to beginwith. However, some entrepreneurs live in a labyrinth of denial, while othersare just unaware of their mistakes. Generally, forming an enterpriseassociates in the concept of warfare, where soldiers should not be cursory tojeopardize themselves in invading into the battlefield without thinking of carryingany weapons with them; it is just absurd to think of, but just like thesoldiers, entrepreneurs also need to think circumspectly before establishingtheir proposed projects to have higher chance of success.
Thus, forming anenterprise involves a thorough and systematic analysis of all the factors thataffect the possibility of success of a proposed undertaking. Since thePhilippines is one of the agricultural countries across the globe,agribusinesses are commonly established in the said country. Theseagribusinesses generate the Philippines’ income in the agricultural sector. Examplesof 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 anagricultural business embodies all the market and private business-orientedentity involved on the agricultural transactions such as farming, management,production, storage, processing, and distribution of agricultural commoditiesor agro-based products to the communityto suffice human needs, more specifically to alleviate hunger. In order for the agribusiness men, not only inthe Philippines but across the globe, to become big key players in the industrythey need to follow the 4 general fundamentals processes of enterpriseformation. These processes are the following: territorial selection, marketopportunities identification, enterprise design, and implementation and strengtheningof business support services. Territorial selection is sometimes known as agribusinessprofiling where its primary objective is to determine areas for investment byagribusiness men (investment entry points) and areas for agribusinessdevelopment (developed entry points). In selecting territorial site foragricultural business there are various interrelated factors must beconsidered. These factors are the following: economics, agricultural, andinfrastructures. Economics is also related to economies of scale whichassociates 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 toconsider, because the people themselves might be his/her customers or buyers inthe future, or maybe they might be part of the agricultural business’organizational chart (employees).Thus, the success of the proposed enterpriseis dependent on them as well. Second is the agricultural components; this isthe crucial part where the entrepreneurs should know what crops/animals (ifthey wanted to pursue animal/crop production) they are engaging with, prior tosite selection. Moreover, the entrepreneurs should know thebiological/production cycle of the crop/animal they want to cultivate or rearfor their agricultural businesses. With that, the chosen organisms, eitheranimals or crops, can live appropriately in the chosen farm site.
Thus, theagricultural components the entrepreneurs need to consider are the following:soil structure, type, ph, altitude, rainfall in relation to climate,temperature, relative humidity, and etc.