How To Start a Fish Farming Business – new business plan
Considering venturing into Fish farming? Well read on…
Fish Farming is known to be the oldest of professions. It is by no means a new profession, and considerably adds to a nation’s economy. Fish farming is relatively more profitable than other businesses as you can produce large amounts of fish in a small amount of land (read tank). Before venturing in fish farming, it is vital to learn everything about this business, as this business is one where you have to have exceptional knowledge about fishes, knowledge about the machinery involved and other things.
Type of Fish Farming
Decide whether you want to open a fish hatchery for ornamental purposes or food purposes. Once that is decided, read books on the particular kind of farming you want to go into. The specification of the tank and water motor is important to run a successful fish farm. Taking a part time job at a fish farm is wise and you will learn hands on. Learn what you can about fish farming.
Plan it Right
Decide where you will get your capital from. If you want to buy an already established fish farm, then make sure the tank and the motors are in good working condition. It is vital to learn why a particular business is selling its farm; so do a thorough background check. If you are starting from scratch, then the construction of the tank needs to be taken care of. Contact the appropriate person to get the machinery involved in fishery.
Choice of Breeds
The selection of the right fish breeds is a major decision to be taken. If you are into fish farming for consumption, then select breeds accordingly—those breeds that are in demand. You can get quality fish seeds from fisheries or your regional government fishery.
Health and Maintenance of fishes
The fish should be well fed and maintained in order to avoid disease. Occasional scouting should be done to check for possible diseased fishes. The PH of the water should be maintained. Water should be treated to eliminate any virus attacks.
Proper Location for Fish Farming Business
For this type of business it is important to understand the type of water source that you possess. Will it be suitable for the type of fishes you have selected to sell? You must also consider the weather conditions of your area. Is the land prone to flooding?
You must also consider if there is enough room for expansion. Also ensure that there is enough room to house and transport the fish whenever required.
Market your Product Well
The main market for fish is the local farmers market. Advertise your business for greater reach. Most people prefer buying quality meat; make sure your produce is of the optimum quality. Brand your business. Invest in a website. Decide whether you want to sell you produce online or retail it through a shop. The price earned will be less when you sell your produce at the local fish market, when compared to exporting or offering quality processed fish meat. You can consider going to an export agent in order to get your business going on a large scale. All this said, fish farming is definitely a profitable venture to get into, provided you have the capital and knowledge.
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