Thread by @TundeOptimum

Made my first million at the age of 24

That feeling was really awesome so i ventured into Livestock Farming and got back to nothing a year after. It's easy to be a millionaire, it's not easy to remain a millionaire, that's where the real work starts from.

#Thread
#April2020

a trying time for me when i got to discover i needed a system management/team cos i was dogged, tenacious, delibrate and passionate to make a huge difference in the agric space. So i started farming November 2012 after a successful stride in interior decor and Home setup, then

I was adviced to take up another stream of income and with the passion i had for birds (chicken) and the likes i was encouraged to invest in Livestock farming to carter for the shortfall in table sized eggs, chicken meat and also to empower a few people who needed to be engaged

in legit income earning all i needed to get started with was 200k and a space at my family house backyard in a surburb of Alimosho with a small scale poultry farm (agribusiness)

So i linked up with my mentor and a fellow farmer, mapped out a cost plan, production plan and profit

Margin variables for 150nos of dayold chicks (100 layers and 50 broilers chicks) for table egg production and easter festivity sales in 2014 so it all went ad planned with the guide of my mentor who give me a management routine chart for dayold chicks for 71days to begin with as

as a first timer through my diligent, throrough and passionate approach i was able to get 98% successful outcome with brooding recording only 2 mortality out of 153nos of vhivks supplief from hatchery remaining 151 till easter when i was to sell the 50 broilers chicken to easter

festivity consumers who were ready to pick it at an affordable price so i informed my mentor about my plan to sell, he adviced that i do point of sale or end user supply cos if i sell to the middlemen or market women (iya olojas) they wouldn't allow me get my profit or breakeven

So i summoned up courage to transport it down to a major expressway at alimosho district were load of passerby can patronise me, i picked 20 big sizes for the first time sales promotion and never imagined the unforseen. So off we tied the chicken up in two pair is each and took

them door to the sales spot in my mum's nissan bluebird station wagon i successfully took them to the sales spot but encountered a tragic event that claimed the life of 10 of the big chickens along the road, 5 were dead and other 5 were gasping for breathe so i was seriously

devastated and tried to revive the already weak chicken by untying and sprinkling cold water on them a while so i saw no improvement now it was time for me to improvise a means to recoupe part of the 40k loss. I had to start slaughtering at that spot, processed and packaged for

Consumers of frozen fresh chicken but i had no freezer for blasting them to maintain freshness, main while i was trying to keep them fresh so i went out to a nearby frozen chicken store were i convinced the woman to sell for me at a discount with commission for her. So she took 5

Hygienically packaged chicken and stored them in her chilly freezer till she got buyers, fortunately she was able to sell them out and gave me my our cash. So fastforward i was able to sell the remainder at a lower price cos of weight and time. Apparently i was suppose to make a

Huge profit but i broke even at that point i was impressive to moce a step further to see how i can expand and increase my stocking by 5x and increase manpower too cos it was going to be more tasking to carter for 700 dayold chicks alone. So i got a farm attendant who was an old

firend of mine to manage the expansion plan with the same space at the backyard but now a bigger deep litter pen was constructed for more leg room space and production capacity. We made a huge break when we got the delivery of the 700 dayold chicks which were of different breeds

Cockerels, layers and broilers with the aim of brooding the cockerel for free range farmers and selling them off after 4wks to vendors who hawk them for free range household farmers. It was successful at some point but we didn't as much profit to plough back to carter for the

remaining 500 chicks that are being managed for table eggs and meat, we had to move on and managed the available resources till we got our desired objective of producing eggs for rural consumption and chicken meat for consumers in festive period. From there onward i released a

need for getting a much larger and bigger space for my permanent farmland to do more of production, expansion and meet the demand for table eggs supply. Now i tooked to our bricklayer who introduced me to a family that own a land at coker area Ifo Ogun state around ibogun to get

an acre of land for construction of my poultry farm permanent site in a much cossy, serene, conducive atmosphere were we can further exploit agribusiness market opportunities.

In 2014 i got the first land to build our poultry pen and farmhouse for farm attendants, so in 2016 we

We started operations after erecting the needed structures for farm operations and amassing a 500k capital from my previous poultry exploits which later was very useful in offsetting all the input and output cashflow, from the dayolds, feed, veterinary drugs, farmnequipments and

some fixed assets were purchased to the earnest start of the 250 broiler chicken production for christmas in december 2017. All went well as planned from start to finish with the available weight desired gained at 14weeks from septeber 2017 to december 2017. Now it was the time

to sell to the market and don't forget we had our early plan of not selling to middlemen or iya olojas and we were also in need of a bus to converge 250 chicken to lagos from Ifo Ogun statel. Our first challenge was to get a well aerated bus and move at evening or early morning

when the weather is much cooler and calm to avoid mortality due to transit/heat pressure on the chicken, i had to get in touch with my mum this time her car was not available. So she called someone who has a bus, we bargained, he met our conditions and agreed.

To be continued