This is the first business i have invested money in.
I did this with out having much knowledge and data regarding the business and went ahead investing Lakhs.
There were many parameters which i had no control over.
If I had to list them
After above discussion one can easily guess what could have been to the investment and yeah , you are right! The business simply sucked the money as the ground sucks infinite amount of charge with out changing its voltage potential. The worst part of it is that I had convinced two of my friends to invest in it and they contributed half of the investment. As a part of good gesture and friendship I said I will return the money coz money comes and goes, but friends would not!
Now I am burdened with this loss and god knows when I will be out of it !
But I know I will be out of it soon and start afresh on some solid idea. :)
My only advice to enthusiastic people is to beware and not to burn your hands with the manufacturing sector producing perishable goods ( yeah i know I am generalizing a bit )
-Vish
I did this with out having much knowledge and data regarding the business and went ahead investing Lakhs.
There were many parameters which i had no control over.
If I had to list them
- Selling price - I realized that Poultry business is not actually a business but farming. And as every farmer I had no control over yield and price.
- Perishable Aspect - There is always a risk involved if you are producing some perishable goods. You have to sell it even at losses otherwise you loose your entire investment. My target was Dec25 and Jan 1st and 14th market where the price of chicken will be normally high but to my hard luck, 2010 dec25 -Jan has seen the worst price. To add to the fuel, diseases and mortality of chicken has further eaten away my investment
- Labor issues - After I entered into this business, I realized how difficult it is to get a trustworthy labor and to handle them. I guess this is the most boiling issue of many businesses and I hats-off to the one who can contain these
- Leasing a land - This is the most irritating aspect I found with this business. Unlike any office space or outlet, leasing a land has an issue of owner intervention at every point.
- Rural Aspect - The environment and the people around the cities are way different than from the rural. Connectivity, lack of skilled people and security are to name a few concerns I had.
After above discussion one can easily guess what could have been to the investment and yeah , you are right! The business simply sucked the money as the ground sucks infinite amount of charge with out changing its voltage potential. The worst part of it is that I had convinced two of my friends to invest in it and they contributed half of the investment. As a part of good gesture and friendship I said I will return the money coz money comes and goes, but friends would not!
Now I am burdened with this loss and god knows when I will be out of it !
But I know I will be out of it soon and start afresh on some solid idea. :)
My only advice to enthusiastic people is to beware and not to burn your hands with the manufacturing sector producing perishable goods ( yeah i know I am generalizing a bit )
-Vish
money comes and goes, but friends would not .,
ReplyDeleteluv u dude.,, h mcuh u invested.??
mee too planing to invest in some other sector but it takes time.,,
dude if u plan anything new... dont hesitate to kal me.... dis time i join my hands wid u.,,
Sure dude...
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