Livestock Entrepreneurship

INTRODUCTION

• The entrepreneur gets information on investment opportunities from multiple sources such as the magazines, internet, financial institutions, government, commercial organisations, media, friends, relatives and so on. Selecting the best business opportunity from the information collected requires ingenuity, skill and foresight on the part of the entrepreneur.
• As an entrepreneur, he has to select feasible and rewarding opportunity to begin with. For this purpose, he has to evaluate the ideas and understand gap between demand and supply. Further, he has to perform the following activities:
  • Studying government rules and regulations related to different business opportunities.
  • Extensive study of promising investment opportunity encompassing technical, commercial, organisational, institutional and socio-cultural aspects.
  • SWOT analysis of business potential (Strength, Weakness, Opportunities and Threats).
  • Market survey for the project.