Most Complete Fish Farming business plan in Nigeria pdf download
So you’ve chosen to begin a fish farming business in Nigeria and you are currently looking for the Most Complete Fish Farming business plan in Nigeria pdf download. There are numerous means simultaneously to get this business started and each should be executed accurately or your business won’t be everything you expect it to be.
Our Fish Farming business plan in Nigeria Pdf is regularly updated and can also be used to obtain loans and grants etc.
The fish farming business is one of the lucrative businesses to start in Nigeria that’s why over the years there has been a high demand for fish farming business plans in Nigeria.
Starting a business involves defining your why in order to have clear business objectives, so the major reason people start this business is because of the increasing demand for seafood which contains lots of natural protein. So many entrepreneurs have become millionaires just by starting this business model and I know you’ll be one of them very soon, this article will provide you with all you need to know in other to start a fish farming business in Nigeria and also provide you with a guide on how to get a Complete Fish Farming business plan in Nigeria pdf download document.
Advantages Of Starting A Fish Farming Business In Nigeria
- Growing market:
African fish market is developed and growing every day, and according to the researches, it is constantly growing because there under satisfied demand. Fishery products are cheaper than meat and richer in protein, which is a great advantage that makes the product more popular among the more significant part of the population in Nigeria.
- Low cost of operation:
At first, it seems that starting a farm requires a lot of money. Nonetheless, you do not need a considerable sum of money to launch and maintain the farm. For example, the poultry products business requires much more money to start, and there are more threatening vices.
- Support from government:
There is a campaign by the Nigerian Government to motivate people to make more agriculture investments by providing soft agricultural loans to farmer, and also facilities to help them produce more goods which will in return bring about economic growth and development.
Other Advantages Includes:
- Little raw material needed
- No wastage of goods
- Demand for the products are high
- Good natural source of protein
- Small factory space needed
- Fast returns
- Few workers needed
- 100% profit and more
- No down time
Materials Needed To Start
Table of Contents
Fish farming business like any other business will require some materials to aid the effective running of business activities, some of these materials are:
- Factory site
- Bore hole
- Water tank
- Pumping machine
- Big bowls
- Plastic pond
Registration And Documentations
Since we are running a food business we have to make sure we are fully authorized by NAFDAC and CAC before we begin sales. Sometimes it gets hard to get registered with these government authorities and might have to pay the extra money to register quick.
If you want to run your fish farm as a real business then it is important that you register your business with the CAC so as to show you are running a real business and quite different from other fish farmers.
Fish Farming Business Plan In Nigeria
Success in business does not depend on luck but it rests on the shoulders of a well-structured business plan which will adequately and effectively cover all business goals and profit margins. Your business plan is simply a draft of your business goals and how it will be achieved, a well-defined Fish Farming business plan in Nigeria pdf download should contain the following:
1. Executive Summary
2. Description of Problem and Solution
2.4 Value Proposition
2.5 Business Objectives
2.6 Critical Success Factor
2.7 Current Status of Business
2.8 Legal Requirement
2.9 Contribution to Local and National Economy
2.10 Contribution to SDG
3. SWOT Analysis
4. Market Analysis
5. Competitive Analysis & Risk Analysis
6. Marketing Plan
6.1 Description of Product (S) or Service (S)
6.2 Potential challenges in the business industry
6.5Marketing and Sale Strategy
7 .Production Plan/Operational Plan
7.1 Description of the Location/Factory
7.2 Raw Materials/consumables
7.3 Production Equipment/Capital Expenses
7.4 Equipment/Depreciation Table
7.5 Pricing strategy
7.6 Record/Stock Control Process
7.7 Pre-operating Activities and Expenses
8. Organization Structure and Responsibilities
8.1 Salary Schedule
9. Financial Plan
9.1 Start-Up Capital Estimation (Expansion Capital Estimation)
9.2 Loan Details
9.3 Business Risk and Mitigating Factor
9.4 Financial Projections
9.5 Sales Forecast And Sales Assumption
9.6 Income Statement (P&L) Account
Now you don’t have to go through the stress of creating your own fish farming in Nigeria business plan from scratch, We at NaijaCEO have done the hard work for you. You can get the Most Complete Fish Farming business plan in Nigeria pdf download from us with the information listed in the Table of the content above at an affordable rate and then edit to your taste or have us go the extra mile in editing to your own unique business.
In our business plan, we’ve prepared a step by step, easy to follow plan which has helped numerous entrepreneurs to start their own fish farm and also secure loans for their business.
Types Of Farming
Your decision on the type of fish farm you want to start will determine your profitability rate and market penetration and also relevance in your target market. Here are some types of fish farms that are profitable
- Catfish farming
Catfish farming is the most popular type of aquaculture business in Nigeria in this 21 century because many Nigerians prefer to eat fish to meat because of the nutritional value of fish over meat. Catfish is also an important ingredient and a standing pillar in many Nigerian foods. The rate of high demand, ease of cultivation and nutritional value, puts it at the top of the aquatic market in Nigeria.
- Tilapia farming
This type fish farming makes use of shallow streams, rivers, ponds, and lakes which is a natural habitat for tilapia fish. This is profitable in many Nigerian states which are surrounded by rivers and swampy regions. This is the second most important type of fish farming in Nigeria by rate of consumption and it grows fast and yield more even in bad quality water.
- Salmon (Mackerel) farming
Salmon fish are fresh water inhabitant who are popularly known for their seasonal migration in the ocean. There is a popular sardine called “Titus” in Nigeria and it is made from Salmon and purchased by millions of Nigerians daily.
Running a fish farm can be hectic if you don’t regularly maintain the fish pond and equipment, it can lead to huge losses if not attended to. Maintenance in fish farming normally requires you to change the pool water regularly when it is contaminated and add necessary chemicals to prevent death.
Maintenance is an important aspect of fish farming and can run any fish farm down the drain if not properly handled. Maintenance also involves proper feeding and medication so as to reduce losses.
Unlike other businesses, fish farming requires small capital and equipment when starting out small but when starting a large scale fish farm you can opt for an agricultural loan from the government which will require you to submit your fish farming business plan
In our fish farming business plan in Nigeria we have prepared a step by step procedures and financial projections and breakdowns for the successful running of a fish business in Nigeria and Across Africa.
The issue of location is a key factor when it comes to fish farming in Nigeria and will greatly affect profit margins if not properly handled.
The main factors to consider when choosing the location of a fish farm are:
- Proximity to the nearest market
- The absence of fish prey
- Availability of water
For a large scale fish farm to effectively function there is some position that has to be occupied to bring about the effective running of the day to day business. Some of these positions are:
- Chief operating officer
- Field employees
- Front desk officer
- General fish farm manager
- HR and admin manager
- Sales and marketing executive
Agriculture is one of the Pinnacle parts of economic development in Nigeria. It has been our main source of living before colonization. Thousands of firms and entrepreneurs are involved in this industry. Because agricultural development is a key factor in any economy. Aquafarming is a concrete part of agriculture, and fish farming is considered the most common type of aquafarming in the 21st century.
Aquaculture and fish farming in Nigeria has become a very popular profitable business in recent years. Many entrepreneurs started this business, but not all of them manage to stay afloat. Because they didn’t get a Fish Farming business plan in Nigeria pdf download document. to guide them on the projections they need to have in mind before starting their fish farming business. This is why we’ve prepared a fish farming business plan in Nigeria that contains all you need to start your own fish farm and also sustain relevance in your target market.
To round this Article Up Here are Some Major things to consider before starting a fish farm:
You’ll definitely need a land to start a fish farm and depending on your size of farm either small or large scale you may start with a factory site or get a plastic pool at your backyard to start small. Many fish farmers started out their farms in their backyard before getting a proper factory site when they upscale. Choose a place which is not-so-rural area especially places with little or no water bodies around the state because, it is usually available at a lower price in rural areas.
- Pond planning
It is profitable and smart to appeal for the services of an aquaculture consultant but you can also plan your fish farm your self if you’re up to the task. But if you hire professionals they’ll help you determine what kind of pond you need, examine your goals, and provide an estimate containing all the required conditions for setting a pond which is suitable for the type of fish farm you want to start.
- Source of water supply
This is one of the main factors of a sustainable and ever developing fish farm. a proper borehole system near a good source of quality water supply is Paramount in fish farming. Also note that chemically treated water and rainwater cannot be used on a fish farm because they harmful to fish and can incur losses. There has to be a steady flow of freshwater for the development of your farm to be certain.
- Feeding system
Your feeding system will determine how big and profitable your fish farm will be, so you have to select the feeding system which is best for your type of fish farm by doing adequate research on what feeding system works in your location.
Fish farming in Nigeria is one of the lucrative businesses to start as a smart entrepreneur in Nigeria. And since you’ve now known all there is about fish farming and you can get a Fish Farming business plan in Nigeria pdf download document from us.
Congratulations on your Fish Farming new business and GODSPEED.