Entrepreneurship

Presentation
By: Devon Sackichand
Introduction
 Aims and Objectives
Aim
An investigation into the relationship between the
entrepreneurial mindset, process, creativity and innovation
Objectives
To understand the entrepreneurial process
To recognise the importance of entrepreneurs
Identify the profiles of entrepreneurs
 Data collection

PRIMARY SOURCE
Interview
SECONDARY SOURCE
Websites
Textbooks
Newspaper articles
Review of industry
 Name and Description of the venture

The company being investigated by the researcher is Hauraruni Agricultural Development

Company(HADCO) which is part the Agro-industry. The company was started as a farming venture by
Mr. Vincent David, at 284A Long creek on the Soesdyke/Linden Highway, left bank of the Demerara
river in 1986. The company currently operates on 217 acres of prime land for both industrial and
agricultural purposes with a frontage of 3600 ft on the Hauraruni River. The company is mainly
involved in producing boiler chickens, pigs and eggs for both local use and to be exported.
Background of the entrepreneur
 Characteristics of the entrepreneur

Mr. Vincent David is an Agricultural entrepreneur, meaning he undertakes actvities like raising and
marketing of crops, fertilizers and poultry. Mr. Vincent David displayed characteristics such as:
Commited to tasks
Passionate
Goal oriented
Open-minded
 origin of the venture

HADCO was started by Mr. Vincent David in June of 1987 to meet a specific
demand of the Agro-industry (chicken, pork). He bought a piece of land on
the Soesdyke/Linden Highway using a diamond he had acquired from a
relative and decided to set up a small farming business involving in the
production of chicken and pork.
 Industry and market description

HADCO falls under the Agro-industry. The venture belongs to the primary level of
production and it is also under the expanding and maturing stage of the industry life cycle.
The company was established in June of 1987 and have become one of Guyana main
producers of meat and eggs. HADCO has a number of products such as; chicken, pork,
beef, duck and eggs.
The agro-industry is one of perfect competition meaning that they are many firms operating
in the industry, firms are price takers, there is ease of entry and exit and buyers have
complete information of the product being sold. The main competition that the company
face is Bounty Farms Ltd due to the fact that they produce relatively the same product.
 Key historical events in the start and
existence of the venture
The business venture was started in 1987
Another key historical event in the existence of HADCO was during October of 1996, where there
was a viral attack on the livestock which caused the company to lose its entire inventory. At the time,
HADCO did not have adequate insurance to cover such losses, resulting in the temporary closure of
the Farms operation. However, arrangements were made to obtain insurance after the company
acquired a loan to continue production after the viral attack.
The company is also first in Guyana to import a sprinkler systems and automated machinery in the
late 1990s. These improvements facilitated the improvement of the production process and the quality
of the products being produced.
 In the early 2000s the company had expanded their reach by creating a
website due to the introduction of the internet. This allowed the company to
reach consumers from all over the Caribbean which result in a boost of sales.
The website in still in operation and continues to provide the company's
customer base with information and current state of the business and its
products
 Present state of the venture

The company is currently producing 2000 eggs daily and

mainly for export and local use
Currently the business is producing large quantities of ducks,
chicken, pork and beef for both export and local use
The company has a feed mill located at the farm site with a
capacity of 6 tons per hour.
 Major present and future challenges
and emerging opportunities

One key challenge that the entrepreneur faced in finding staff that
shared the same interest and goals of the entrepreneur
The company intends to open its own hatchery as this is the only
area of the companys entire operation that is out sourced.
The company intends to have a modern eggs producing unit utilizing
the most modern technology available, layers cages, automatic
feeding and eggs collecting. There is already installed a capacity to
house 19800 laying hens and the intention is to triple this capacity.
Impact on self
QUESTIONS
 Bibliography

Interview
Mr. Vincent David director of HADCO
Books
Maharaj, N, Sanichar, B, Mootoo, R. (2005). Fundamentals in Entrepreneurship. San-Fernando:
Genesis Book Publishers
Hall, D., Jones, R., Raffo, C., Chambers, L., & Gray, D. (2004) Business Studies. London: Pearson
Edition
Websites

http://hadcofarm.com
Appendices