HOW TO OWN A MEGA FISH FARM BUSINESS IN NIGERIA

How to own a mega fish farm begins with knowing the necessary condition for sitting up a fish farm business. Everything in life once has a beginning, and beginning a thing that has a future must begins with a focus mind. Before you could own and manage a fish farm, there are some sine qua non that must be put in place before venturing into it. Some of these are; 

• Location
• Availability of water
• Pond
• Availability of fish seed
• Size
• Availability of fish feed
• Availability of market 
• Availability of labour
• Hatchery location

CARRYING OUT FEASIBILITY STUDY IN AN AREA THIS CONDITIONS MUST BE SATISFIED 

LOCATION

In fish farming the area or location plays an important role in deciding the type of pond to be constructed. For example an area with swampy environment is useful in fish farming but the suitable pond to be constructed is earthen pond. When the site located for fish farm is swampy, earthen pond will be the most fitted. When the site located is not swampy but the soil has a high water retaining capacity, earthen pond can also be ideal for such site.
A bushy forest with lot of trees may cost a lot of money and must be avoided if the chosen site has water, it will be of more advantage.
Earthen pond is cheaper to construct and has high productivity in terms of fish culture. When there is a nearby flowing stream close to the site can be diverted and as water source and can be built a flow through pond system which is more intensive and has high production level in terms of fast growing of the cultured fish.

AVAILABILITY OF WATER  

For you to own and manage a fish farm effectively, water must be considered first. Fishes are aquatic animals and they depend on water for their survival. These water can come from; rivers, stream, lake, spring, boreholes or even wells. Always remember that the quality of the water must be put into consideration (that is, must be free from pollutant, colour, small and taste) before establishing a pond.

POND

A pond is an artificial habitat made by man to culture aquatic life. In the contact of fishery, it is an artificial habitat made my man to culture aquatic animals (fish). It is properly designed and constructed to suit the domestication of fish.

If you are choosing a water logged environment as a result of high cost of land acquisition, it is necessary to use the earthen pond system because it is cheaper and more economical. Concrete pond can be constructed or built in any chosen site apart from heavy swampy area to avoid high cost in construction. In building or constructing concrete pond, the farmer should make provision for bore hole for water supply or alternatively buy water. A little or total shade must be provided.

AVAILABILITY OF FISH SEEDS

    Before going into the fish farm business, you must consider the availability of seeds. There are different types of fish seed (fries/ fingerings) that are available in the market or even in the natural environment. The choices are dependent on the kind of fish you want to culture.

Note:   The fish seeds must be the fast growing type so that you can start making sales at least by seven months time for maximum return (profit)   

SIZE

The size of your fish farm is dependent on the availability of fund you can input. The bigger the input the greater the output (income) you earn.   

AVAILABILITY OF FISH FEED

For your fish to grow well, they need adequate feed. Farm should be located in an area where there are availability fish feed will not be a problem.    

AVAILABILITY OF MARKET

Fish farm should be located in an area where marketing of harvested fishes will pose little or no problem to the producer. Areas where there are high populations will provide a faster and a better market for the producer.   

NOTE; if you site your fish farm in a rural or underdeveloped area, the producers will be faced with marketing problem. The buyers from developed city may not want to pay the going market price for your product. Some many even insist that for them to come and buy from you, you will bear the cost of transportation, or provide the transport for evacuating the fish to the market. This is an additional cost that will further reduce your profit. During raining seasons, it may become more difficult for buyers to get to the location. So, it’s better and more profitable to site your fish farm in a developing or developed city for maximum profitability.

AVAILABILITY OF LABOUR

The type of fish farming system you are operating will determine the number of laborers’ that will be needed. A modern fish farm does not need too much people. 

HATCHERY LOCATION

The hatchery location should not be too far from the farm, especially when the farm is not into hatchery or spawning. Fingerlings are very fragile and these leads to death when moving fingerlings from the hatchery location to the nursery pond.  

 

Do you need a business plan to raise fund for your business?
I can help you develop a unique business plan tailored to suit your needs.

I will carry out research and develop MBA grade business plan that you can present to a bank or any investor.

Chris Farm Nigeria develops well self-explanatory, irresistible feasibility studies or business plan for your Business start ups, Business Growth or Expansions through either personal funds, Grants, or loans, which could be new or existing ones. We delight in writing for people under Academic sectors, production sectors, manufacturing sectors, processing or packing sectors, advertising sectors, marketing sectors and other related sectors on mini, middle and large scale businesses.

For your Agribusiness, either production, processing, marketing of any Agro-industry, our feasibility studies or business plan are explicit.

Generally, our feasibility study and business plans are developed so well that it becomes irresistible when you show them to your investors or sponsors. It gives you a clear picture of what you are expected to see when you put the feasibility study or business plans into use. It also shows how much it will cost you to own your desired business, what your money can afford. The kinds of product you will need to minimize input in other to maximize output, and how much returns you will get at the end of each accounting year until your business break-even on its initial investment capital. This will give the intending business person or investor or farmer, a vivid idea on the possible benefit he or she stands to gain, when he or she starts doing the business. With that, the intending business person or investor or farmer will not need a soothsayer to make decision for him or her.

OUR TABLE OF CONTENT INCLUDE;

SECTION 1(Business plan section)

• SECTION I – EXECUTIVE SUMMARY
• NAME OF BUSINESS / COMPANY
• OFFICE & SITE LOCATION
• MOTIVATION
• MISSION STATEMENT
• SOCIAL/ECONOMIC VALUE
• PROJECT STATUS & START UP
• WHY PREPARE THIS BUSINESS PLAN?
• SECURITIES FOR THE PROPOSED LOAN
• REPAYMENT
• SECTION II – STUDY AREA
• STUDY AREA
• COMPANY OVERVIEW
• MANAGEMENT TEAM
• DEPARTMENTS IN THE COMPANY
• EXPERIENCE
• MANAGEMENT TEAM GAPS
• SECTION III – INDUSTRY ANALYSIS
• DEFINING YOUR INDUSTRY
• YOUR INDUSTRY SIZE GROWTH RATE AND SALES PROJECTIONS
• INDUSTRY STRUCTURE
• MARKET OVERVIEW
• MARKET SEGMENTATION
• RELEVANT MARKET SIZE
• KEY SUCCESS FACTORS
• LONG TERM PROSPECTIVE
• MARKET CHARACTERISTICS
• SAMPLING TECHNIQUE
• SECTION IV – CUSTOMER ANALYSIS
• TARGET CUSTOMERS
• CUSTOMER NEEDS
• MARKET NEEDS / SOCIAL PROBLEMS AND SOLUTIONS
• BUYERS BEHAVIOUR
• MARKET SHARE
• SALES FORECASTING
• SECTION V – COMPETITIVE ANALYSIS
• DIRECT COMPETITORS
• COMPETITIVE ADVANTAGES
• SECTION VI – MARKETING PLAN
• PRODUCTS & SERVICES
• FINISHED PRODUCTS
• PRODUCT QUALITY AND PRODUCTION QUANTITY
• PRODUCTION CAPACITY
• PRICING
• PROMOTIONS PLAN
• DISTRIBUTION PLAN
• SECTION VII – OPERATIONS PLAN
• GENERAL APPROACH TO PRODUCTION
• TECHNICAL ANALYSIS / PRODUCTION PROCESS
• EQUIPMENT
• PACKAGING REQUIREMENTS
• SECTION VIII – FINANCIAL PLAN
• REVENUE MODEL
• FINANCIAL ANALYSIS
• FINANCIAL ASSUMPTIONS
• FINANCE CHARGES
• FINANCIAL PROJECTIONS
• FUNDING REQUIREMENTS/USE OF FUNDS
• CRITICAL ASSUMPTIONS

SECTION 2(Feasibility study section)

• FINANCIAL MODELS
• SUMMARY OF PROJECT COST
• BUDGET OF FIXED ASSETS / CAPITAL EXPENSES / INVESTMENTS
• DEPRECIATION
• UTILITIES
• OPERATING EXPENSES (OPEX)
• TOTAL REQUIRED INVESTMENT OUTLAY (REQUIRED START-UP CAPITAL)
• FINANCING PLAN
• INSTALLED / AVAILABLE EQUIPMENT
• BREAK-EVEN ANALYSIS
• LOAN REPAYMENT SCHEDULE AND INTEREST PAID
• FORECAST OF PROFIT AND LOSS
• CASH FLOW
• BALANCE SHEET
• GENERAL ASSUMPTIONS (BREAK EVEN ANALYSIS)
• BUSINESS RATIOS - PROFITABILITY ANALYSIS
• CONCLUSION
• SECTION 3 – APPENDIX

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·         NOTE; According to our policy, we are not “allowed / permitted” to disclose peoples business or written feasibility study, “to anyone”, irrespective of their personality.

·        BUT, WE are permitted to display only executive summary.

·         This is just a sample of our executive summary on poultry feasibility study and business plan, carried out in Rivers State. 

·         1^st sample;

These Feasibility study on poultry farming business (specializing on layers and boilers production), was conducted using projections, impressive publications, compounding interest/values, tables, graph, bar chart, pie chart, profits analysis and cash flow positions in other to give a clear picture of what is obtainable in that location, using eight plots of land, at Esemdiary village, Off Effurun Sapele Road, Okpe LGA of Delta state, Nigeria as a case study. 

Esemdiary village is a community in Okpe Local Government Area of Delta State with coordinates 05°26’N 5°57’E, which also plays the host community to the Warri Airport, which is actually located at Osubi. 

Okpe Local Government is a territory that used to be part of the original Okpe Kingdom, its headquarters is at Orerokpe, with a population of 128,398 people whose primary occupations include commercial farming, fishing, hunting, trading and gas exploration. 

After carrying out the feasibility study on Esemdiary village, Off Effurun-Sapele Road, Okpe LGA of Delta state, Nigeria, it was discovered that, farming generally will do well both on crop and animal production.

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