9 Tips To Start Agribusiness Without Money
Here in Nigeria, considering the economic state of country, self-employed
remains the key. Most people that wants to into Agribusiness and farming these
days, are facing with one thing holding them back that is money. The banks are reluctant to lend to start ups,
because most banks believe that first timers in the Agribusiness or Farming
tend to fail when hit with challenges. Also, a tough economic climate makes it
hard to borrow from friends and family, and funding it on your life saving with
little or no experiencewith big risks.
Sometimes, when you do need some cash, government agric loans are
for people who’ve been turned down by banks, or with connections. But funding
isn’t always necessary.
Here are good news for you, follow these basic rules, you will
learn that starting a business with almost no money is entirely possible. This
is how to do it:
1. Make use of the resources at your fingertips.
You can work from home. Example, if you have chosen to go
into farming, maybe raising chickens or croping, your backyard can be your
starting point. If you’re intending to go into fruit juice production, your
kitchen can serve as your factory. With
these resources at your fingertips, you can actual start up your dream
agribusiness/farming without money for buying a farmland or hiring a factory
site for your production.
2. Build a business round the skills you already possess.
What can you do that people are ready to
pay for? This is where creativity pays. Can you design and construct poultry
cage, construct fish pond (both concrete and wooden pond),advertising someone
else work etc? Do you have a hobby you could turn into a business? If you
possess a skill that other people don’t, or would need to invest time and money
learning for themselves, that immediately puts you at a big advantage.
3. Sell a product (or service) which people need rather than want,
which they instantly understand, and which they feel comfortable buying without
having to consult anyone else first. You can start chicken processing centre
right from your home. I mean culling chickens, removing the feathers, cutting
into parts, and packaging. People are ready to pay for the services which cost
you any money to start up. There are other services you can render and product
(food items) always in need.
4. Get customers to pay you upfront – or at worse, half upfront, half later,
so that your costs are always covered.
5. Tap into free advice.
There are free books, tape, and DVD out there that can offer free advice for starters that dream to achieve their agribusiness.
6. Source any equipment you need for free,
look
around you where people can recycle unwanted items, or even in your home, items
that are useful although unwanted can fit in here. Example, there are used items (cans, buckets) out there that can fit in as drinking equipment for chicken, or even there feeder, incase you are trying to go into poultry.
7. Do almost all the work yourself – and plough virtually all income
straight back into the business. This is Thankless, yes, but also the only way
you will be able to build up enough cash reserves to invest in new equipment or
other agribusiness, and so grow the agribusiness.
8. Hold on your job, if you have any.
Do this business in your spare time
and only replace it with your day job once your venture is able to pay you a
wage. If the venture doesn’t work out, your job is still there for you. If it
does, the transition to being your own boss will be a lot less risky.
9. Take advantage of free technology to promote your agribusiness. There are free website hosting online, you can create one
to advert your product and services. To let the world and people around know
what you can offer to them. Then get social networking.
It’s free, it’s easy, and it’s an amazing way of promoting your business
without spending any money. Sign up to Twitter, Facebook or join online site
that advertise goods online.
Remember, Success in business,
is not about starting out with lots of money. It is about adopting the right
attitude, thinking out solution to problems, and having
the determination to put the effort in and give it your best shot. So what are
you waiting for?
We will like to hear your comment if this writeup make meaning to you or help you in any way in actualizing your dream agribusiness.
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