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It's too risky. If your friend has managed a poultry farm for at least a year successfully, then he can go ahead. Without experience, this is a business to start small, say 20 percent of the capital.In many developing countries, agriculture is what many do for a living as the cost of living and being employed is on the high. Over here in my state, there are many poultry farmers and more are coming in.
However, it is important to note that poultry farming is such a delicate business that needs a lot of attention and care. Let's say you want to enter into this business and have a life savings of $500, will you invest all into poultry farming? I will appreciate some answers because a friend is in this situation and needs help.
This is the right thing to do. Some people usually get stranded because they just put in all that they have in their investment, when things do not turn out as they planned they become stranded.No I won't invest all the best thing I would actually do is to invest a particular percentage in poultry business and earn the amount I want to earn with low risk ,so I won't lose all my savings
Yeah they become stranded , that is why it's best to have a finance adviser , most especially for those that don't really know how to put their funds in the right investment sectionThis is the right thing to do. Some people usually get stranded because they just put in all that they have in their investment, when things do not turn out as they planned they become stranded.
This would actually make your decision process much more easier, and the risk Of making wrong decisions that would affect the business negatively would be reduced as well.Yeah they become stranded , that is why it's best to have a finance adviser , most especially for those that don't really know how to put their funds in the right investment section
This is a very cautious advice that you are saying and I believe this is the way that he should go about it because for a business there are things that one need to put into consideration and one of those things is to know that you are taking a very big risk in the business and then the business fails you are likely to lose your investment and even your time and resources.No matter how juicy a business is, someone must still trade with care to some extent, because I believe not everyone that has done this business you started above all succeeded, the business is good quite all right but I can't put all my lifetime savings in it.
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