Posted by: fathersez | January 29, 2008

Business (and investment) opportunities arise when technology meets and improves on an old business practice

I have written about our goat farm. The land is being developed now and our target date for “opening” the farm is 5th April 08. 

In some lesser developed countries like India, people with extra funds would buy goats and hand them to goatherds to tend. The goatherd would take care of the herd, feed them, give them medicine if needed etc. The offspring were shared 50:50. 

It was a win-win situation for both the investor and the goatherd. The difficulty was in matching goatherds with investors. This was done by word of mouth as trust was a very important factor in this equation. 

In Malaysia, a group of people have brought technology to this age old practice. 

They have set up a website, offering matchmaking services for the investors and the goat farms. (The website is in Bahasa Malaysia.) They have prepared a “prospectus” showing the indicated rate of returns on investment, risks involved, minimum investment required etc. 

This is a great idea, as it takes away the nitty gritties of running the farm for the investors interested in goat rearing and provides capital for others who are keen to physically embark on goat rearing. 

As in any other investment, there are risks. The returns quoted  of almost 1300% per annum over 6.75 years appears to place the risk level at a high level. 

This is a great example of creating a business opportunity. Using technology to improve or facilitate an age old business practice.  

My wife and I will be registering our farm with e-pawah.com.my and offer to act the role of the traditional goatherd for the investor. Let’s see how this works out.

It would be interesting to hear the views of readers on this investment.

  

Advertisements

Responses

  1. I’d love to hear more about your venture in this. I wish I have the opportunity and knowledge on this. DH and his friend talked about this too in the past, but couldn’t make anything out of it due to schedule and ‘stuff’. Keep us updated with the goat farm progress! 🙂

  2. Sure, Fara.

    I have just communicated with them. I am away from M’sia now and should be back, Insya’Allah around CNY. I’ll see them and see how to fit in.

    If there is a farmer hidden in you or in DH, maybe this is one way.

    Let’s see how my experience is.

    Best regards

  3. […] Business (and investment) opportunities arise when technology meets and improves on an old business … This post showed me a different investment vehicle that I’ve never known before. […]

  4. quite interesting topic, thanks for sharing, I heard something similar in southern China.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

%d bloggers like this: