Friday 22 July 2011

"Cash crop"

Business is like a tree crop
Sudden wealth will never endure so also business without solid foundation and structure will not last very long.
Businesses can be favorably compared with various types of crops and plants.
May be because I am trained as agricultural engineer and I have a lot of bias for agriculture, I tend to always notice the similarities between plants and business

Some businesses could be compared with vegetables, they are very easy and quick to establish, and their returns are almost immediately. But their life spans is very short, before you notice the impact of such businesses, they are off the season.
These types of businesses have their own importance and there are special ways to propagate them if you want them to be all season business.
Like vegetable farming in, if you introduce simple irrigation (water pump and well) you can produce vegetable profitably all the year round.

Some businesses are like pepper plants, they will live and produce for about 18 months if well managed. Some businesses don’t last more than two years as well and then they are out of vogue.

You must understand this kind of business and make maximum profit from it before new technologies, competitions and market will kill the business.

Some businesses are like tree crops that are usually refer to as “cash crops”. Examples of these are cocoa, coffee, palm tree and rubber. They are very difficult to establish, more knowledge and time is required. It may take more than five years before some of them can produce fruit (profit).
And they are capable of producing fruit for many years and some of them can outlast one generation.

Business that will last more than one generation will require special skill, knowledge, time and patience to build.

You will need combination of these types of business for balance. You will need business that can produce immediate result to encourage and keep you going, you need business that can give you sustainable income to be able to concentrate on your “cash crop”,that is the business that will bring you true wealth and you can leave for the next generations.

You can call Mr. Entrepreneur to share with you how you can turn your business to cash crop today.

Tony Egba
08038037674
Tropicalentrepreneurs.blogspot.com
tropicalengineers@gmail.com

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