EPT2601
ASSIGNMENT 4 SEMESTER 1 2025
UNIQUE NO.
DUE DATE: 8 MAY 2025
, ETP2601 Assignment 4 Semester 1 2025,
Question 1: Importance of Setting Goals for Livestock Wealth (10 marks)
Setting goals is critical for the success and sustainability of Livestock Wealth, as it
provides direction, focus, and measurable targets for growth. For Ntuthuko Shezi, goals
serve as a strategic tool to guide the development of innovative offerings, such as smart
farming, connected gardens, and diversified agricultural products like macadamia trees
and maize. Clearly defined goals help ensure that every business decision aligns with
the broader vision of democratizing access to agriculture for ordinary investors.
For instance, Ntuthuko's goal “to give ordinary citizens an opportunity to invest in a long-
term investment plan on any agricultural product that has the potential to yield great
investments” is not only a mission statement but a strategic goal that sets the business
apart from traditional agricultural models. Goals help the business measure success –
such as managing R20 million in cattle assets for 800 investors globally – and improve
strategic planning. Moreover, goal setting helps in performance evaluation, team
motivation, and attracting partners such as Woolworths and Cavalier Foods.
Without clear goals, Livestock Wealth would lack the clarity needed to scale operations,
expand its investor base, and ensure farmer-investor satisfaction.
Question 2: Definition and Classification of Livestock Wealth
2.1 Qualitative and Quantitative Criteria of a Small Business (8 marks)
Quantitative Criteria:
Number of employees: Small businesses typically employ fewer than 50 full-
time workers.
ASSIGNMENT 4 SEMESTER 1 2025
UNIQUE NO.
DUE DATE: 8 MAY 2025
, ETP2601 Assignment 4 Semester 1 2025,
Question 1: Importance of Setting Goals for Livestock Wealth (10 marks)
Setting goals is critical for the success and sustainability of Livestock Wealth, as it
provides direction, focus, and measurable targets for growth. For Ntuthuko Shezi, goals
serve as a strategic tool to guide the development of innovative offerings, such as smart
farming, connected gardens, and diversified agricultural products like macadamia trees
and maize. Clearly defined goals help ensure that every business decision aligns with
the broader vision of democratizing access to agriculture for ordinary investors.
For instance, Ntuthuko's goal “to give ordinary citizens an opportunity to invest in a long-
term investment plan on any agricultural product that has the potential to yield great
investments” is not only a mission statement but a strategic goal that sets the business
apart from traditional agricultural models. Goals help the business measure success –
such as managing R20 million in cattle assets for 800 investors globally – and improve
strategic planning. Moreover, goal setting helps in performance evaluation, team
motivation, and attracting partners such as Woolworths and Cavalier Foods.
Without clear goals, Livestock Wealth would lack the clarity needed to scale operations,
expand its investor base, and ensure farmer-investor satisfaction.
Question 2: Definition and Classification of Livestock Wealth
2.1 Qualitative and Quantitative Criteria of a Small Business (8 marks)
Quantitative Criteria:
Number of employees: Small businesses typically employ fewer than 50 full-
time workers.
