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Chester W.S

BSA (Anscie) IV

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            Starting an enterprise can be
exciting and dreadful at the same time. Exciting, due to the fact the
enterprise or business entity creates employment in the society, thus it makes
feel the entrepreneur/s need by. Moreover, it contributes to research and
development; but most importantly, there is an easy accessibility of money in
the business world, that is why people normally engaged themselves with. As it
was mentioned earlier as well, starting an enterprise is also dreadful because
it pertains to myriads of mysteries why businesses normally fail. Some
entrepreneurs start one successful business after one another while some often
fail to succeed. The worst scenario about a failing business entity is that the
entrepreneurs are not aware of it happening until it is often too late to save
the business. It really makes sense due to the fact if the entrepreneurs really
knew they were doing wrong, they might have been saved the enterprise. However,
some entrepreneurs live in a labyrinth of denial, while others are just unaware
of their mistakes.

            Generally, forming an enterprise
associates in the concept of warfare, where soldiers should not be cursory to
jeopardize themselves in invading into the battlefield without thinking of carrying
any weapons with them; it is just absurd to think of, but just like the
soldiers, entrepreneurs also need to think circumspectly before establishing
their proposed projects to have higher chance of success. Thus, forming an
enterprise involves a thorough and systematic analysis of all the factors that
affect the possibility of success of a proposed undertaking. Since the
Philippines is one of the agricultural countries across the globe,
agribusinesses are commonly established in the said country. These
agribusinesses generate the Philippines’ income in the agricultural sector. Examples
of these agribusinesses are the following: poultry farms, livestock farms,
swine farms, feed companies, veterinary products manufacturers, hatcheries,
etc. Therefore, agribusiness defined as an enterprise or sometimes known as an
agricultural business embodies all the market and private business-oriented
entity involved on the agricultural transactions such as farming, management,
production, storage, processing, and distribution of agricultural commodities
or agro-based products  to the community
to suffice human needs, more specifically to alleviate hunger.  In order for the agribusiness men, not only in
the Philippines but across the globe, to become big key players in the industry
they need to follow the 4 general fundamentals processes of enterprise
formation. These processes are the following: territorial selection, market
opportunities identification, enterprise design, and implementation and strengthening
of business support services.


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