Example of Opportunity Seeking (or finding) by my uncle in Agri

Entrepreneurship creates new products and higher quality of life

Rizal Philippines
January 7, 2016

I was with my uncle whom I did not meet for quite a while  (about 5 years) although his office is along the path of bike route.  They are engaged in agri ventures supplying feeds and chicken in the likes of Jollibee and Andoks.  Before, he raised dogs and fighting cocks.

He insisted that our lunch consisted of chicken because that is his business.  There is no argument about that.  I learned the following:

1.  His connection and acquaintances included Sandy Jaiver (whom I told was a classmate in college and owns Andok),xxxxPineda of Lubao Pampanga, Joemar Hizon;

2.  His current business of broiler as supplier of major food chain cant compete on the basis of cost and volume with the majors:   Bounty Tresh, RFM, and even CP (the biggest food conglomorate in Thailand.  They were into buying spree of land before, now on JB and contract growing)   /He also plans to expand into egg laying.

3.  He found out that there were hobbies and interests which he later found out to be profitable.

     1.  Sheep raising. He bought a pair and 10 others for P300,000.  After five years and spending P15,000 for labor a month on the shepherd, he was able to sell the entire stock for P1,800,000.  He must have earned about P700,000 for the hobby. It was something that is is not earth shaking, not known by every body, but which one can earn money from.  It is an opportunity that did not manifest itself right away to him

    2. Cattle grazing and growing.  He has a herd grazing in public land and spends about P15,000 a month for the cowhands (3 families)  He has about 70 right now and in five years, if lucky he would have 300 heads.  Each head would sell for P40,000.  The grazelands are best where the access road are difficult. Thus he has a Toyota FJ 40 4x4 which he uses when he visits his flock.  He intends to sell them not as a lot but weekly to butchers and meat dealers

Would you have such similar experience where there are opportunities that eventually earned money for you.