Fish farm business plan
The idea for this business plan emanated from the classroom, due to the nature of the course which requires students to understand clearly the importance of entrepreneurship and the various ways to write a business plan. Vincent Fish and Seafood Aquaculture, LLC is fully aware that there are competitions when it comes to selling fish and seafood all over the globe, which is why we decided to carry out thorough market research so as to know how to take advantage of the available market in the United States and in other parts of the world.
There's high demand for fish products, such as Tilapia, Catfish, and Mackerel salmon in Nigeria that continually stimulates sustainable growth and expansion of the industry. We know that one of the ways of gaining approval and winning customers over is to retail our fishes and seafood a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.
A greenhouse to further stabilize temperatures shall cover the fish tank. We would make effort to contact cold room buyers within the States, and preservation through drying is also an option we are planning for. Another competitive advantage that we are bringing to the industry is the fact that we have healthy relationships with loads of major players agriculture merchants in the industry; both suppliers of fish and seafood feeds and medications and buyers of fish and seafood within and outside of the United States of America.
For startup, the firm would need to construct two 2 concrete ponds, each to carry fishes. With our dominance, and being the only and pioneering fish farm in this locality, we would flood the whole market with our fish.
It is used to evaluate the breakeven point of a business, as well as the likely profit levels on individual sales. General Approach of operations 21 b. Without customersyou we cannot survive or exist.
Tilapia fish farming business plan pdf
For startup, the firm would need to construct two 2 concrete ponds, each to carry fishes. No doubt raising start — up capital for a business might not come cheap, but it is a task that an entrepreneur must go through. About the Fish Industry 4 b. We know that one of the ways of gaining approval and winning customers over is to retail our fishes and seafood a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while. A practicing consultant will be subscribed for professional advice on modern and developing methods of fish farming. Fish Farming Business Plan — Sustainability and Expansion Strategy The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. Equipments for Maintenance, Monitoring and Repair N , viii. Without customersyou we cannot survive or exist. So, what exactly do you have to include in your business plan? Below are the projections that we were able to come up with for the first three years of running St. Here are the payment options that St. N would be invested into the business at start up and we the partners would manage the farm but would make use of few laborers. She would serve as the firms Administrative Head. Feeding Equipment N80, v. We would flood the Kashere market with our fish which is cheaper than the ones imported and sold in the area.
We are quite aware that one of the easiest means of penetrating the market and acquiring loads of customers for all our fishes and seafood is to sell them at competitive prices hence we will do all we can to ensure that the prices of our fish and seafood are going to be what other fish and seafood farmers would look towards beating.
Also, the ever increasing rate of unemployment in the country is truly becoming worrisome to the Government and well-meaning Nigerians.
How to start a fish farming business
Vincent Fish and Seafood Aquaculture, LLC will make available to her clients; Payment via bank transfer Payment via online bank transfer Payment via check Payment via mobile money Payment via bank draft In view of the above, we have chosen banking platforms that will enable our client make payment for farm produces purchase without any stress on their part. To maintain constant availability of fresh fish for the growing market. Harvesting Equipment N , vi. Even if you are not planning to get a loan, you should still get a tilapia fish farming business plan to guide you in starting and operating the business. Size of the Industry 4 c. Distribution 17 7. We are also planning to contact Bulk cold room buyers from in our target market, who are still looking for more fish supply as the fish demand and fishes stock have not been able to satisfy them and they are always on the lookout for more. All the papers and document have been signed and submitted, the loan has been approved and any moment from now our account will be credited with the amount. We intend to grow our product to be very qualitative and beat down all imported fish in the market. The truth is that it is one of the means of avoiding running into loss. A greenhouse to further stabilize temperatures shall cover the fish tank. We intend to start another cycle immediately the adult fishes are sold and start another cycle at the same scale, that is, with fingerlings. The most popular species are Salmon and Catfish. Rainwater and tap water from a chemically treated source is not recommended for growing fish.
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