Fish farming is fast becoming one of the most popular farming businesses in Nigeria. In fact, after the poultry business, the next most popular livestock business is fish farming. This is why as a young farmer, you need a fish farming business plan pdf.
There are so many people getting involved in the business these days, you need to stand out. With a comprehensive business plan for fish farming, you can successfully stand out. There are different aspects of fish farming, you don’t necessarily have to raise the fish.
In this post, we will take a look at different aspects of fish farming. Most importantly, we will take a look at the contents of a fish farming business plan pdf. Let’s get straight to business.
Subdivisions of Fish Farming in Nigeria
Generally, there are two subdivisions of fish farming in Nigeria. The divisions can be operated simultaneously or separately. It all depends on the capacity of the farmer. Nursery operations is the first subdivision while grow-out is the second.
As you would expect, the nursery operations form the basis for running the grow-out phase. In reality, without the nursery phase, there is no fish farming business. It entails getting the female fish and inducing them to lay eggs.
These eggs are fertilized, incubated, and hatched. The result of this process are fries which are consequently nurtured into fingerlings within three to four weeks. At the fingerling stage, the fish are ready for the grow-out aspect of the business.
What a lot of people don’t know is that there is a stage between the nursery operation and the grow-out subdivisions. This stage is very important and it is known as the primary operation stage.
During the primary operation stage, the fingerlings are nurtured into mini-juveniles and juveniles. It takes a total of between four and five months for this stage to be complete. When it is complete, the end product is table-size fish which is fit for human consumption.
All these things are found in a comprehensive fish farming business plan
Famous Types of Fish Farming in Nigeria
Fish farming covers several types of fish. Whichever type of fish you choose to farm, you still need a fish farming business plan in Nigeria pdf. The two most common types of fish farmed in Nigeria are catfish and tilapia.
Of the two, catfish seem to be the most consumed fish in Nigeria. This fact shouldn’t be surprising to you considering how popular it is these days.
In every city in Nigeria, you are bound to find catfish barbecue spots. There are also bars and beer parlors where catfish is served with pepper soup. Statistics show that most Nigerians eat fish at least once every week.
These facts go a long way to tell you that the business is very profitable. However, if you want to delve into tilapia farming, you can get a done for you fish farming business plan PDF.
Fish Farming Business Plan PDF – Profitability
We have already shown you a few statistics in the previous section. Nigerians like to eat fish a lot, especially catfish. This is why this plan will be channeled towards catfish.
There are so many local delicacies that have catfish as the protein accompaniment. The most famous of these is pepper soup. When you visit a bar, for example, most of the people present will order at least one bowl of catfish pepper soup. Some may even take two or three bowls before the night is over.
The same goes for catfish barbecues. Now try to take a mental survey of all the bars in your immediate environment. When you do, think about how crowded they are each night. This gives you a picture of how much you would make daily if you were their catfish supplier.
We haven’t even talked about hotels and restaurants. The opportunities that about are just too many. Nigeria only produces about 60% of its total fish needs which means there is enough room for more farmers. That is only when you start with a comprehensive fish farming business plan PDF
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Fish Farming Business Plan PDF- Preparation
As you prepare to begin your farm, a fish farming business plan in Nigeria pdf is not all you need. There are a few things you need to consider and set in place. We wouldn’t go into much detail because this post is essentially geared towards a comprehensive business plan for fish farming.
Just so you know, you need to sort out these issues before you even lay the foundations of your farm. They include:
- Location of your pond
- Location of the farmhouse
- Source of water
- Waste disposal methods
- Marketing formula
Once you have these figured out, you can successfully write your fish farming business plan. They are all going to be part of that plan.
What Are The Expected Contents of a Fish Farming business plan PDF?
Many young farmers who want to begin fish farming ask this question. If you are a novice, writing a comprehensive business plan for fish farming might be difficult. This is why we are offering you a sample fish farming business plan in Nigeria pdf at an affordable price.
Let’s take a look at what this fish farming business plan PDF contains below.
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Table of contents
Every business plan is like a book about your business. It can be quite difficult navigating through the pages, even for the writer. This is why a table of contents page is essential. It will help your reader know where to go for the required information.
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Executive summary
If you have read an academic paper before, you must be familiar with abstracts. Your executive summary is the abstract of your business plan. In simpler terms, it is the summary of the rest of the business plan.
It is wise to put in all the salient points in the plan together on this page in the most subtle manner. You should write this page last so you can capture all the needed pieces of information. However, just like the abstract, it is located just after the table of contents.
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Company overview
In this section of the business plan, you provide information regarding your business so the investor can know you. No one will be interested in investing in the business of a stranger. Some of the pieces of information you are to provide include:
- Mission statement
- Vision statement
- History of the company
- Current status
- Objectives
- Keys to success
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Product description
Your product is fish (catfish, tilapia, or any other type of fish). Remember that you are not the only person in this business line in your locality. You need to provide details that make you unique. As you do this, you must be as subtle as possible so that your idea is not stolen.
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Market analysis
This is where you show how much of the industry you know. It gives you an edge when it comes to getting the attention of an investor. You need to take time to show off how much of the industry you know. Our business plan contains the following:
- An introduction to the industry.
- Industry analysis.
- Market analysis.
- Customer analysis.
- Competitor analysis.
- SWOT analysis.
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Marketing strategy
Asides your market analysis, you should provide information about how you intend to sell your fish. In this section, you discuss packaging methods and how the fish will be introduced to the market. Some of the subsections of this aspect include:
- Target market strategy
- Product/service strategy
- Pricing strategy
- Distribution strategy
- Promotion and advertising strategy
- Sales strategy
- Marketing and sales forecast
- Value proposition
- Channels
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Operations
How do you intend to run the business? This is essentially the question you are trying to answer this question. It shows the reader how much you will spend on running the business daily. You also get to tell the reader what to expect in terms of operations strategy and the scope of operations.
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Development
In this section, you show the reader how you intend to grow the business and make it bigger. So you discuss the development strategy, timeline, and expenses.
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Management
Who do you plan to place in the position of leadership? Leadership is important to the success of any business. In this section, you discuss the requirements for your management team and how they will be organized.
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Financials
Most readers of your business plan will jump to this section before reading every other thing. It focuses on financial projections and forecasts which include assumptions, risks, income, and expenditure. Others include profitability index and breakeven point. All of these items are key to ensuring the business grows and achieves full potential.
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Appendices
This is the final aspect of your business plan and it contains figures, tables, graphs, and calculations. All of these cannot be put into the main plan else it will look too mumbled up.
How much does the plan cost?
Usually, getting a professional to write your business plan costs a fortune. However, we are providing you this fish farming business plan in Nigeria pdf for just N20,000. If you want a personalized plan, then it will cost a little more.
Fish Farming Business Plan -Conclusion
A fish farming business plan in Nigeria pdf is essential for any person who wants to become a fish farmer. We have told you what a comprehensive business plan for fish farming should contain.
For a Complete Done For You Fish Farming Business Plan PDF. Click Here
For a Custom or Tailored Made Plan. Click Here