Is quail farming a Monkey business story in reality?
Quail farming is the talk of the town; the allure of reaping steady profits from quail farming is attracting nationwide interest. This reminds me of the story below:
Once upon a time in a village a man appeared who announced to the villagers that he would buy monkeys for 10K. The villagers seeing that there were many monkeys went out in the forest and started catching them. The man bought thousands at 10K and as supply started to diminish and villagers started to stop their effort he announced that now he would buy at 20K.
This renewed the efforts of the villagers and they started catching moneys again. Soon the supply diminished even further and people started going back to their farms. The offer rate increased to 25K and the supply of monkeys became so that it was an effort to even see a monkey let alone catch it.
The man now announced that he would buy monkeys at 50K! However, since he had to go to the city on some business his assistant would now buy on behalf of the man. In the absence of the man, the assistant told the villagers. Look at all these monkeys in the big cage that the man has collected. I will sell them to you at 35K and when the man comes back you can sell it to him for 50K. The villagers queued up with all their saving to buy the monkeys. After that neither the assistant was seen nor the man, only monkeys everywhere 🙂
One thing I have learned about great entrepreneurs is that they are smart risk takers. Sure, they know there are times for big, bold risks, heck they would not be where they are if they didn’t take a huge risk or two at some point or another.