base....,
Data, records, records, data and more records and data.....as Aero said..... which means a lot more capital in equipment and work with the animals on the registered side. But, if you have an innovative streak it can be rewarding if you venture out in your breeding program. A great deal of analysis and planning is required to achieve goals...which should be set.
The commercial side is generally production oriented and is less time consuming. Although, a well managed commercial herd must have a plan for ongoing improvements of the terminal product if you wish to sweeten the bottom line.
The difference in herd investment is much greater on the registered side.