Pig Farming as an Enterprise Module 1
Pig Farming as an Enterprise Module 1
PIG FARMING
AS AN ENTERPRISE
ISO 9001:2015 CERTIFIED
INTRODUCTION TO ENTERPRENEURSHIP
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Introduction
This module entitled “Pig Farming as An Enterprise” contains the different parts:
- introduction to entrepreneurship
- making a business plan
- accessing the market for your products
- assessment of your farm as an enterprise – looking at the technical and financial
aspects
- managing your people
- accessing possible credit services and facilities
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What is Entrepreneurship?
Entrepreneurial skills are essential for the success of the farm business. Farms that
possess human resources with exceptional skills can have a long-term focus and are
more likely to use their skills to take advantage of emerging opportunities.
Entrepreneurship involves seeking and trying new ways to develop and improve
successful businesses.
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Rewards of Going into Business or Entrepreneurship
As manager of your business, you make the decisions for your enterprise and take full
responsibility for these. The quality of these decisions will translate into either gain or loss for
your business. Being your own boss means you are in control of your future. You have a better
grasp of what you want to be.
A business usually starts out as an idea. You will have the opportunity to harness this creativity
and turn your idea into products and processes.
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• Helping others.
In the process of running a business, an entrepreneur employs workers, and pays them
income which improves their lives. An entrepreneur who succeeds and grows also helps
suppliers, sub-contractors, dealers and other businesses connected to him succeed and grow
too.
A business can be a lasting legacy to the family. It can ensure employment for some members
of the family. It can create an enterprising culture than can be handed down through the
generations.
• Possibility of failure.
• Unpredictable business
conditions.
A prospective entrepreneur must be ready to spend most if not all his waking hours in the
business. Also, family time and personal affairs may be sacrificed.
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• Unwanted or unexpected responsibilities.
The entrepreneur may eventually find himself saddled with management responsibilities he
did not bargain for.
Who is an Entrepreneur?
• An individual who establishes and manages a business for the principal purpose of
profit and growth; characterized principally by innovative behavior, and employs
strategic management practices in the business - ILO Publication
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What Motivates a Person to Become Entrepreneur?
• Early childhood experience – even when they were still young, entrepreneurs are
exposed to hard work and are encouraged to achieve.
• Effective role models – made entrepreneurs usually have been influenced and
motivated by the example of another successful entrepreneur who is looked upon
as a hero or inspiration.
• Take care of your business by attending trainings and seminars which will
enhance your skills, competencies and broaden your perspective
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What are the Characteristics of an Entrepreneur?
§ Positive self-esteem
§ Positive self-confidence
§ Self-discipline
§ Independence
§ Forward Looking
§ Hardworking/industrious
§ Systematic
§ Resourceful
§ Open-minded
High value for work
Personal
§ Innovative
§ Has initiative
§ Risk taker
§ Accepts challenges
§ Has the ability to deal with the unknown with ease
§ Responsible
§ Seeks opportunities
§ Positive thinker
Interpersonal
§ Interacting with others effectively
§ Communicating effectively
§ Negotiating
§ Influencing people
§ Demonstrating leadership
Process
§ Ability to plan and organize
§ Ability to analyze, synthesize and evaluate
§ Ability to execute the plan
§ Ability to make decisions
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Personal Entrepreneurial Competencies ( PECs )
Achievement Competencies
Opportunity seeking
• Sees and acts on new business opportunities.
• Seizes unusual opportunities to obtain financing, equipment, land,
workspace, assistance, etc.
Persistence
• Takes repeated or different actions to overcome an obstacle.
• Makes personal sacrifice or expends extraordinary efforts to complete a
job.
• Sticks with own judgment in the face of opposition or early lack of success.
Risk taking
• Takes what he or she perceives to be moderate risks.
• States a preference for situations that involve moderate risks.
Planning Competence
Goal setting
• Objective in setting his goals which are attainable and measured through
verifiable indicators.
• Sets goals as guide to motivate himself in working it out.
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Information seeking
• Strives to gather effective and information helpful in carrying out his
endeavor.
• Attends trainings and seminars to improve his efficiency in managing his
enterprise.
Self-confidence
• Has long belief in self and own abilities.
• Expresses confidence in own ability to complete a difficult tasks or meet a
challenge.
In this module, the concepts that will be presented and discussed are more of analysis
and making decisions. As we go along with some workshops, the participant will think
as an entrepreneur and what to do with the results afterwards.
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ISO 9001:2015 CERTIFIED
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