EPT2601
ASSIGNMENT 4 SEMESTER 1 2025
UNIQUE NO.
DUE DATE: 8 MAY 2025
, ETP2601 – Assignment 4
Question 1:
Explain to Ntuthuko how important setting goals is for his livestock business.
(10 marks)
Hi Ntuthuko,
Setting goals is one of the most important things you can do for the continued growth
and success of your business. Think of goals as a road map or a GPS for your
business journey—without them, you might move forward, but you won’t know if you’re
heading in the right direction or how far you’ve come.
You’ve already achieved remarkable milestones—starting with only 26 cows and now
running a successful business with over 2,000 cattle, macadamia trees, smart vegetable
gardens, and partnerships with major companies like Woolworths. This growth didn’t
happen by accident—it required planning, vision, and direction, all of which are built
on clear goals.
Here’s why setting goals is so important for Livestock Wealth:
Gives Direction and Focus
Clear goals ensure you and your team stay focused on what truly matters. With
so many aspects of your business (livestock, crops, smart gardens), goals help
prevent distractions and ensure that time and resources are used effectively.
Helps You Measure Progress
Goals allow you to track whether you're moving forward. For example, setting a
target of expanding into smart vegetable gardens helps you measure the
success of that initiative by comparing results to your initial expectations.
Motivates Your Team
When your employees and partners know what the business is trying to achieve,
they’re more motivated and committed. Working toward a shared goal creates
unity and purpose.
ASSIGNMENT 4 SEMESTER 1 2025
UNIQUE NO.
DUE DATE: 8 MAY 2025
, ETP2601 – Assignment 4
Question 1:
Explain to Ntuthuko how important setting goals is for his livestock business.
(10 marks)
Hi Ntuthuko,
Setting goals is one of the most important things you can do for the continued growth
and success of your business. Think of goals as a road map or a GPS for your
business journey—without them, you might move forward, but you won’t know if you’re
heading in the right direction or how far you’ve come.
You’ve already achieved remarkable milestones—starting with only 26 cows and now
running a successful business with over 2,000 cattle, macadamia trees, smart vegetable
gardens, and partnerships with major companies like Woolworths. This growth didn’t
happen by accident—it required planning, vision, and direction, all of which are built
on clear goals.
Here’s why setting goals is so important for Livestock Wealth:
Gives Direction and Focus
Clear goals ensure you and your team stay focused on what truly matters. With
so many aspects of your business (livestock, crops, smart gardens), goals help
prevent distractions and ensure that time and resources are used effectively.
Helps You Measure Progress
Goals allow you to track whether you're moving forward. For example, setting a
target of expanding into smart vegetable gardens helps you measure the
success of that initiative by comparing results to your initial expectations.
Motivates Your Team
When your employees and partners know what the business is trying to achieve,
they’re more motivated and committed. Working toward a shared goal creates
unity and purpose.
