Fish Farming Business Plan has been recently update to give you the current Market analysis and comprehensive insight into Fish Farming Business in Nigeria and This Manual Can be used for Bank Loans, Grant, Business proposal Writing and competition.
For person interested in starting a profitable fish farming business in Nigeria and in need of a fish farming business plan / feasibility study? continue reading while we share with you the basics of starting a Fish Farming Business.
Fish Farming Business Plan in Nigeria / Feasibility Study
Fish farming in Nigeria has become an increasingly lucrative business. The preference and demand of fish over meat has made made fish farming one of the most lucrative business you can have, not just in Nigeria but round the world. Now catfish is one particular fish that is mostly consumed because of its many advantages over the other kinds of fish, some of which are; it tastes good, rich in protein, easy to breed, and is highly resistant.
It may also interest you to know that fish can survive in any temperature and climatic conditions and they can feed on vegetables which makes it a profit maximizing business.
There is always a ready market for those who want to raise fish commercially. It can be sold to restaurants, market sellers and grocery stores. A research in the industry has shown that most of the retailers who buys get or buy their supplies from farms far away from their shops. This results in higher transportation cost and increases transaction cost. So setting a fish farm in a strategic position which brings the fish closer to the retailers will be a very welcome idea to the retailer and increase patronage. Fish cuisines are very popular among the various ethnic groups, and it is sought greatly by restaurants, hence the ready market.
A breeder has the luxury of deciding on whether to be simple or complex. It all depends on how strict or lenient he wants to be. He can exercise rigid control over water quality and food supply to affect greater yield, or decide to leave most of the fish growing process to nature.
GUIDELINES ON HOW TO START FISH FARM
Have a Business Plan
It is very crucial that you draft a business plan for your business to include all the necessary aspect of the business. You should also put up a budget that would consist of all the items you would need to start up, feed and maintain your business until the fishes are ready for harvesting and sales. Fish farming feasibility study business plan carries the budget.
Location
This is a vital factor to consider as far as feasibility study on fish farming in Nigeria is concerned. Location can determine the kind of pond you should construct for the fishes, in a swampy are there is a recommended pond that should be constructed, in areas where is no too much water there is a kind of pond that should be constructed, like I said location is a vital factor to consider in fish farming business plan in Nigeria.
What is Your Reason for starting a Fish Farm?
This is usually the first question you should consider asking before starting a fish farm. The reason and the motive for starting the farm has to be very clear. This is because, your motive will determine the business plan that will reflect on the business strategy. You have to decide on whether you want to go commercial or you want to feed your family with the farm.
Cost of Feeding
Cost of feeding varies and this depends on the quality of feed you want, there are enhanced feeds which maybe more costly than some but the result on the fish is amazing. There are foreign feeds and local feeds, don’t expect them to be of the same price because their effect is not the same on the fishes.
Before going into fish farming, you will need to determine what it will take to achieve success in the business. You will need to find out what you will need to start a fish farm.
The human and material resources needed should be considered. The pond, the workers, sources of water, feed etc are things you need to figure out before you start the business
Set Up Your Farm
These are important things that should be put into consideration when setting up your fish pond.
Pond Construction
The pond culture is the most commercially employed methods because Ponds when compared to tanks are not so costly.
Cost of Labor
This is very vital, you must know the cost of labor, the cost of labor vary, it is not a static thing and this labor is construction of pond and the type of pond you want to construct.
It is also beneficial because it makes room for natural biological productivity to occur in the system. It also makes provision for innovation such as the use of cages or net enclosures to allow more effective collection and growing of fry.
However, the breeder should be careful of overpopulation as overpopulation puts pressure in the system and could retard the growth of the fish to its full potential.it is one of the best and does not require much capital. But a breeder also has the choice of tanks and cages. More complex methods of growing fish are the most effective, but they are also more expensive.
The most important fact is that, the fish farm has to produce the greatest yield in the smallest area available at the minimum cost.
Living Conditions
The temperature of the fish pond should not be below 28 degrees Celsius or 82 degrees Fahrenheit as fishes need a water temperature of 28-30 degrees Celsius to survive. You should also be mindful of the PH level. It should be suitable with sufficient oxygen to enhance survival of living organisms. Get rid of pollutants such as sulphur from your pond.
Water Supply
To start a fish farm, you will need access to regular water supply. The water has to be constant and clean. You should also beware of flooding.
Breeding
when you want to start fish farm,you should adopt a breeding system that would help you maximize the number of new fishes you get weekly.
Marketing
This is one of the key factors that, feasibility study on fish farming give you an overview of how the market operates, what the market is in search of and what you can do to make good sales. Every consumer is looking for a big fish at an affordable price whether it is a smoked fish or not so this feasibility study gives you precisely what you are to get out of the business.
Mixed-sex or Mono-sex Culture
Male and female fishes that are kept together will readily breed and produce a lot of offspring. This greatly reduces the growth rate of the adult fish as they could compete for food with the fingerlings.
There are three methods used to prevent this they include:
Raising a mono-sex culture consisting of males only
Harvesting the mix-sexed culture before they reach sexual maturity or soon afterwards
Raising the mix-sexed culture in cages or tanks that disrupts reproduction.You should avoid over-population by using hormones or genetically specific breeds. Make sure you separate the fingerlings from the breeders. The fingerlings should be kept in a spacious pond to enable them enough space for effective growth while the breeders should be kept in a smaller space or in an aquarium.
Feeding
Cost of feeding varies and this depends on the quality of feed you want, there are enhanced feeds which maybe more costly than some but the result on the fish is amazing. There are foreign feeds and local feeds, don’t expect them to be of the same price because their effect is not the same on the fishes. Fish feed on almost all food sources and can thrive solely on pallets. They also do well if fed with aquatic plants and meat.The feeding of the fish is not difficult because they are omnivorous in nature. They sometimes feed on algae and larva so you won’t go through a lot of stress to feed your fish but you must make sure that they have enough food at all times.
Harvesting
The fishes are harvested by seining and draining the pond.
Market Size
If your motive is to make profits, then you must carefully consider the best marketing options available to you that would maximize your profits. You can decide to sell directly to consumers or to people who will buy from you in bulk, and sell them to consumers.
Our sample of Fish Farming Business Plan in Nigeria can be used to access bank loans, proposal writing, grant applications. The business plan was complied after a thorough feasibility study on Fish Farming business in Nigeria was done.
To place an order, pay N10,000 to
GTBank (Guaranty Trust Bank)
Account Name – Uwadia Eyemeka
Account No – 0127561472
PLUS If You Act Now, You Will Get These BONUSES
COMPLETE GUIDE TO TILAPIA FISH FARMING IN NIGERIA
FLOATING AND SINKING CATFISH FEED FORMULATION AND PRODUCTION
GET YOUR FISH FARMING BUSINESS PLAN.
After paying for your Fish Farming Business In Nigeria / Feasibility and Manual, send your email and payment details to 07036785443.
Why You Should Start A Fish Farming Business
contrary to some suggestion that starting up a fish farm is expensive, starting and running a fish farm is quite cheaper and easier than you may know, However building a profitable and sustainable fish farming business, Entrepreneurs require sufficient knowledge of how to efficiently build the fish pond, good management skills, and a good tilapia fish farming business plan from Businessplaninnigeria.com.ng fish farming business manual will give you all the information you need to make a god profit from this business
Fish farming is becoming more popular because it is easier to raise compared to most fish breeds and it is highly resistant to diseases. Fish has the ability to strive in any temperature and weather condition. Whether you want to raise fish as a hobby or on a commercial scale, these are some of the major factors you need to consider
Set up a Profitable Fish Farming Business Plan and Budget
Before venturing into any business it is important that you know most of the requirements and preferably get a business plan for your business. A comprehensive fish farming business plan will include all the goals and objectives you have for your business. We are professional Business plan writers in Nigeria and will also have an already written business plans that will have you succeed in your businesses. When planing to setup your Fish Farm You should also make a budget that would consist of all the items you would need to start up, feed and maintain your business until the fishes are ready for harvesting and sales
TABLE OF CONTENTS For Fish Farming Business Plan / Feasibility Study
1.0 Fish Farm Executive Summary
1.1 Fish Farm Objectives
1.2 Mission
1.3 Proposed capacity
2.0 Fish Farm Products and Services
2.1 Products and Service Description
2.2 Competitive Comparison
2.3 Technology
2.4 Sourcing and Fulfillment
2.5 Future Products and Services
2.6 Company Locations and Facilities
3.0 Fish Farm Market Analysis Summary
3.1 Main Competitors
3.2 Target Market Segment Strategy
4.0 Fish Farm Management Summary
4.1 Management Team
4.2 Equipment/Machinery Requirement/ Land & Building/Seed
4.3 Personnel Plan
4.4 Raw Material Requirement
5.0 Fish Farm Financial Plan
5.1 Important Assumptions
5.2 Key Financial Indicators
5.3 Analysis from Fingerlings to Adult Size Fish
5.4 Projected Profit and Loss for 30,000 male Fish
5.5 Market Information
5.6 Mortality Losses
5.7 Threats
PLUS If You Act Now, You Will Get These BONUSES
COMPLETE GUIDE TO TILAPIA FISH FARMING IN NIGERIA
FLOATING AND SINKING CATFISH FEED FORMULATION AND PRODUCTION
Hurry now, GET YOURFISH FARMING BUSINESS PLAN. To place an order, pay N10,000 to
GTBank (Guaranty Trust Bank)
Account Name – Uwadia Eyemeka
Account No – 0127561472
After paying for your Fish Farming Business Plan / Feasibility Study and Manual, send your email and payment details to 07036785443.
Suggested Reading Goat Farming Business + Catfish Farming
OTHER BUSINESS PLANS
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