Livestock Entrepreneurship

INTRODUCTION

• Projects are the cutting edge of development. Perhaps the most difficult single problem confronting livestock administrators in developing countries is implementing development programs. Much of this can be traced to poor project preparation. Project preparation is clearly not the only aspect of livestock development or planning. Identifying national livestock development objectives, selecting priority areas for investment, designing effective price policies, and mobilizing resources are all critical. But for most agricultural/livestock development activities, careful project preparation is the best available means to ensure efficient, economic use of capital funds and to increase the chances of implementation on schedule. Unless projects are carefully prepared in substantial detail, inefficient or even wasteful expenditure is almost sure to result-a tragic loss in nations short of capital.
• To formulate and analyze effective projects, those responsible must consider many aspects that together determine how remunerative a proposed investment will be. All these aspects are inter-related.
• All must be considered and reconsidered at every stage in the project planning and implementation cycle.
• A major responsibility of the project analyst is to keep questioning all the technical specialists who are contributing to the project plan to ensure that all relevant aspects have been explicitly considered and allowed for.
• Project preparation and analysis is divided into six aspects: technical, institutional – organizational – managerial, social, commercial, financial and economic.

Approaches in preparation of Livestock Entrepreneurial project

• Different approaches are followed while preparing entrepreneurial project on livestock.
• Based on the technical knowledge, past experience and guidance from the subject matter specialist, the entrepreneur himself can choose the activity, budget, location, etc. taking into account the resources available with him and the market demand for the products.
• After choosing the activity, he can assess it's profitability by preparing the entrepreneurial project.
• While preparing the livestock project , one has to analyze the project in the above mentioned six dimensions.