Paper money in itself has no inherent value but it is the lifestyle that money can bring which motivates people to work for it (money) so the tendency to save money at all cost defeats the purpose of having it in the first place and even in some cases may lead to the collapse of your farm.
Author Archives: Papa K. Owusu-Mensah
Stop Pursuing Happiness If You Want To Succeed in Poultry Farming
Sure, poultry farming is not a “get rich quick” scheme and since you want instant success you might be discouraged when you start facing tough challenges so you say to yourself, “Why don’t I rather watch some movies?” Because after all watching movies will make you happy so screw poultry farming.
Is it Smart to Leave Your Farm in the Hands of a Family Member?
Poultry farming is a very delicate business. It requires a lot of dedication and hard work to pull off successfully and what better way to run your business by handing it to a loved run to run for you, right? Well, maybe, maybe not.
Draw a Monthly Salary if You Want Your Farm to Stay Profitable
I know you might be saying this in your head, “I want to save money and grow my farm but PKOM is telling me to draw a salary from it – WTF!” But please, hear me out first. What you must understand is salaries are part of business expenses. I believe you understand that poultry farming can be pretty labour-intensive so whenever you are preparing your budget, you must make sure to include salaries even if you are the sole worker.
Is it Smart to take out a Loan to Start a Poultry Farm?
The moment you take out a loan is the moment you’ve admitted your first defeat – that you are incapable of running your business with your own resources, therefore, you need external intervention to keep your business afloat. With that said, a loan in itself is not inherently good or bad – like fire, it depends on when and how you utilize it.
Which One Came First, the Chicken or the Egg?
This question may seem unanswerable to the average person because it seems every chicken hatched from an egg and every egg was laid by a chicken but there is an answer to this.
Should Poultry Farmers Prepare Their Own Feed?
The health of chickens is one of the most important factors that can determine the success or failure of any poultry farm and one sure way to ensure that birds are healthy, is by providing them with quality nutrition. The fact that proper nutrition results in quality products is undisputed but the problem is feed is not cheap. To reduce costs as much as possible, many farmers are confronted with the decision of whether to purchase already formulated poultry feed or prepare their own.
Business Plan for Poultry Business
For those who want to enter the massive and still growing Ghanaian poultry industry, here is a sample business plan to guide you.
Which is More Profitable, Starting a Poultry Farm or Selling Farm Products?
The poultry industry is massive and still growing so wherever you find yourself in the poultry value chain, be rest assured that when you do things right, you are going to make massive profits. With that said, as a prospective entrepreneur or investor, I am sure you may be wondering which aspect of the value chain provides the best returns; whether to start a farm or to sell products.
How to Reach 10,000 Birds in Less Than 5 Years
Most farmers dream of running large farms but they sometimes don’t scale up the correct way. In this post, I discuss how you can grow your farm to 10,000 birds within 5 years.
Pkom 