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Entrepreneur's Corner

Become a Millionaire by Rearing Chicken

BY Soko Directory Team · April 17, 2019 12:04 am

Chicken. How do you pronounce that term? Chicken. Some pronounce it with delight, some with fun and some have even stereotyped it geographically and labeled it ethnically. Whichever way you choose to pronounce this term, one thing comes out clear, it is a bird and it is delicious.

Some people only come into contact with chicken when it is already slaughtered and lying on the plate ready to be eaten. Some take chicken keeping as a dirty job, as the work of the less fortunate in the society and often shun away from keeping them around.

Did you know that chicken can be your way of saying goodbye to poverty and gaining a seat in a council of millionaires? Did you know that by rearing chicken, you can make so much money that is often tax-free and all for yourself?

Meet Joseph Tekei, a forty-year-old millionaire who drives a Toyota Prado and you are prone not to believe when he tells you that his wealth is as a result of chicken. How is that possible? You may ask, the same question I asked him.

“It is easy. What you need is to have the will,” he says with a smile.

This is how Joseph makes his money from the chicken business. Joseph buys indigenous chicks that are one week old, raises them and sells them when they attain the age of five months. According to Joseph, these are the calculations.

A one-week-old indigenous chick goes for 50 shillings. Buying one thousand chicks will cost one 50,000 shillings. Maintaining indigenous chicks for five months according to Joseph costs one 100,000 shillings. This includes food and medication. Once they attain the age of five to six months, they are now fully grown chicken. The best time to sell your chicken is during the festive season, preferably during Christmas.

These are the calculations according to Joseph when selling your chicken. During the month of December, a full grown cock goes for between 1200 shillings to 1000 shillings while a hen goes for between 800 shillings to 1000 shillings. Averaging the price at 1000 shillings and assuming that 100 chicken died, selling the remaining will give you a total of 800,000 shillings. Let us now raise the cost of operations to 200,000 shillings. This leaves you with a profit of 600,000 shillings.

“The chicken-rearing business has no competition. You create your own kingdom and you become the king,” says Joseph.

What are some of the things that one should put in place in order to become a lucrative chicken farmer? According to Joseph, one should consider the following:

Capital

This is the first thing to put into consideration. Chicken rearing does not need a huge capital. With as little as 5000 shillings, one is ready and set to go. 5000 shillings can get you 100 chicks and when they mature, that is a lot of profit.

Land

Rearing of chicken does not need a large piece of land. A small piece of land with structures is enough to go. If you do not own any piece of land, there is no need to worry for you can still rent a place and the business will still give you good returns.

Security

This is the security of your chicken. How secure will your chicken be from the harsh climatic conditions, predators as well as from diseases? Make sure that the area is well fenced and if it is a room, make sure that it is well ventilated.


 

 

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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