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Entrepreneurship in an Uncertain Era

A new food product usually with huge market potential. Due to that reason I choose to build a ranch for scatter-feed yaks. Yak is a kind of shaggy- haired wild buffalo. Their meat tasted like normal beef, but has milk fragrance, and a little bit chewy. I tried once in Montana, and it is really delicious. Moreover, yak meat has high nutritional value, and because scatter – feeding, they are 100% organic food. As transportation improves, I can sell yak meats to other states, or even other countries. The only thing I need to do is to promote my products. Finally, if I raise yaks, I can also sell their skins and hair. Those parts are all good for making clothes, and have high commercial value. Therefore, raising yaks is a good investment, and it has good prospects of gain profit.

Raising yaks requires abundant land and water. I wish to adopt a 100 acres of meadow and scatter-feed yaks in Pablo, Montana. As everyone knows, Montana is one of biggest agricultural states. It only has 917,621 (2013) people, but 147,163mi2 land. Which means, renting or buying a land in Montana will be much cheaper than other states. I found a 100 acres of agricultural land is currently on general sale, which only cost 400,000 dollars. A stream cross over this land, so I don’t need to build an additional irrigation system and watering trough. So the 100 acres of agricultural land meets the requirements of raising yaks, and I can absorb the land costs.

Epidemic disease is one of the major problems of livestock breeding. Like other animals, yaks also afraid of epidemic diseases. Pablo actually is a bison’s habitat, and also has other cattle ranches. This presents a problem for me and other cattle ranchers, if epidemic disease has broken out in this area, cross infection will becomes very easy. Since Montana is an agricultural state, disease may even be spread to the whole state. Epidemic diseases would be the No.1 enemy for my enterprise because if my yaks died, I will lose all my interest.

There are three possible consequences of suffering epidemic diseases. The first one is epidemic disease does not affect my ranch, but other ranches be effected. This will be the best consequence for the unpredictable event. If other ranches’ castles and yaks died a lot, the price of beef and yak meat will increase. Since the demand of beef doesn’t change, I will earn more profits from this epidemic disease by selling my health yaks. Then I will have more money to extend my ranch, and raise more yaks. Raising more, selling more, and earning more. After 5 years, I will become more richer than no epidemic disease happened. The second consequence is my yaks be infected with the epidemic disease, and other ranches too. As result, my yaks died and others’ died too. We probably will get some subsidy from government, but that can’t cover all my losses. The third consequence is my yaks died, but others’ not. The worst result is I am bankrupted. I am not sure if I lose all my yaks, what might happen after 5 years. Maybe I already sold my meadow, or start a new business.

For increasing profits and avoiding losses, veterinarian, insurance, and good debt situation are necessary. I need to vaccinate my yaks, and employ a veterinarian to check yaks’ health condition. Those steps will increase my cost, but decrease the possibility of infection, and reduce my losses. Having a veterinarian also can help my ranch to against epidemic disease. Veterinarians can take treatment and start to isolate the sick yaks, as soon as he finds the first sick yak. I also should take out an insurance, if my yaks died a lot from epidemic diseases, I will have enough money to buy calves and keep my ranch. Another way to reduce the risk is to avoid to get large loan. I farther told me that bankruptcy usually happen when someone doesn’t have the wherewithal to repay the loan. If my ranch suffers the epidemic diseases and I don’t have extra money to repay the loan, I will face the situation of bankruptcy.

In short, raising yaks is a good investment, and has an appealing prospect. The meadow doesn’t cost much in Pablo, and I don’t need spend extra money on water system. However, I need to watch out for epidemic disease, which can cause substantial economic losses. To prevent epidemic disease, I choose to vaccinate my yaks, employ a veterinarian, buy insurance, and keep a good debt situation. I think if I do all of those steps, I will not face the worst consequence.