3. • Starting a fish farming business requires a lot of
knowledge, skill and planning as the investor
would have to look into a lot of variables to
make the business possible. Though starting a
fish farming business would require
intensive study of both the actual technique in
fish production as well as the expenses one has
to invest for equipment, the fish farming
business can prove to be a very profitable
venture.
Studying to start a fish farming business
4. • The very first thing that any prospective fish
farming business owner has to do is to soak up
on as much knowledge in fish culture as
possible. It is highly advisable that he take
some college courses or some programs that are
related to fish farming. If the fish
farming business owner has no experience it is
good that he first try and work for an
established fish farming expert to know the ins
and outs in fish farming. If he has the knowledge
he then has to conduct the research.
Do the research in the fish farming business
5. • The would-be owner needs to study the conditions that
surround his proposed location of the fish farm. He must
take into account the source of water in the area and how
much is flowing from it, what rate and the temperature of
the water. He should also look into
other naturally available resources around the area such
as geothermal water from springs. Some fishes breed
faster better in warm water than others. Also look into the
conduciveness of the buildings and structures around the
farm. After looking into the conditions of the
environment the entrepreneur also has to look into the
possible market of the fish. It is not profitable to
harvest tons of fishes with no buyer. Could there be
a contractor for the fishes?
6. • How about fast food chains? How far is the
market for the fish and what vehicle will be used
to transport the fish? After finding out the
possible market conditions the owner must look
into organizing the business. The owner must
register it as either sole-proprietorship,
partnership, corporation or LLC. He must also
attend to the commercial license, operating
permit and other requirements that may be
required by the state.
7. • If after this survey the fish farming business still
seems possible then it is time to chart the
financial aspect by determining the expected
and unexpected expenses of the business. How
much would everything cost and what would be
the sources of the funds. Through this financial
analysis the entrepreneur will know in the long
run how much he needs to profit for how long to
pay back the overhead cost and if it is
profitable to start the fish farming business.