Fish farming, also known as pisciculture, is a profitable business that can be combined with other investments or jobs. It is the process of stocking and raising fish for commercial purposes from the tender stage to maturity.
You can start a fish farming business with as little as ₦100,000. You can begin by stocking fingerling or juvenile fish in a concrete, mobile, metal, or plastic pond.
Fish farming is a profitable business that is also simple to start and requires little capital. Anyone with a small space and access to a market in their area can engage in fish farming. In this business plan, you will see how to successfully start a fish farming business.
In the business plan, it is projected that the farm will begin with the production of catfish, but tilapia will be added later. It will sell fresh at first, but drying and packaging will be introduced later.
Customers will include an open market, a restaurant, and a grocery store.
This is a fish farming business plan that can help you start your own fish farming company.
TABLE OF CONTENT
EXECUTIVE SUMMARY
INDUSTRY ANALYSIS
About the Fish Industry
Size of the Industry
The growth rate of the industry
Industry structure
Key success factors
COMPANY DESCRIPTION
History of the company
Mission statement
Products
Legal status and ownership
Current Status
MARKET ANALYSIS
Market Analysis
Target Market
Buying Behaviour
Competitors Analysis
Projection of Annual Sales
ECONOMICS OF THE BUSINESS
Revenue Drivers
Fixed and Variable Cost
Operating Leverage
Start-up Cost
Break-Even Char and Calculations
MARKET PLAN
Marketing Strategy
Product
Price
Promotion
Distribution
DESIGN AND DEVELOPMENT PLAN
Development Status and Task
Challenges and Risks involved
Projected Development Cost
OPERATIONS PLAN
General Approach to operations
Business Location
Facilities and Equipment
MANAGEMENT TEAM AND COMPANY STRUCTURE
Management Team (Skills Profile)
Company Structure
FINANCIAL PROJECTIONS
Income statement
Statement of Asset and Liabilities
Cash flow statement
Ratio Analysis
30-page PDF
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