Question

Some youths in Lusaka’s Chilenje Township who intend to become entrepreneurs by way of setting up a poultry business, have been offered a grant by the Catholic Relief Services (CRS) on condition that they prepare a simple document stating the key requirements of their proposed business. Explain with examples, the Five (5) different categories of resources that the youths will require in order to start their poultry business?

Answer 1

Different categories of resources that the youth will require in order to start their poultry business:

1. Financial resources:

In order to start any form of business, there is finance to run the business and to purchase the required equipment and assets. Eg: In order to start a poultry business, financial resources like cash or bank balance will be required in order to purchase hen, cage, daily food, etc.

2. Human resources: human resources will be required to run and maintain the poultry business. Eg: The business will require persons like managers, supervisors, drivers(for transportation), and other staff to handle the birds.

3. Physical resources: the business will require physical resources like tools and equipment to maintain the poultry business. Eg: they will require cages, feeders and drinkers, baskets, nests, etc. to run the business.

4. Educational resources: These include technical know-how and knowledge that are required to run the poultry business. Eg: knowledge regarding egg production, handling eggs and birds, their vaccination, etc. will be required.

5. Emotional resources: Emotional resources include additional supports for maintaining the poultry business, eg: the poultry business can require professional consultancy, teamwork, and coordination for success.