Hello !!! it is not uncommon that people have viable business ideas, but due to the current situation in Nigeria, there may be lack of adequate capital to finance their businesses. Few people have had the opportunity to meet with potential sponsors of their businesses, but the first questions they are asked is where is your business plan. Since they do not have any, they are most likely to miss such opportunities. Writing a profitable business plan is not difficult, however most people see it as not a component of their discipline. Most courses require one to produce a business plan before graduation while others do not. This write-up is inspired to enlighten people on how to follow specific steps that will eventually make them come up with their own business plans or even developing for other people.
There is no hard and fast rule of writing a business plan, however all should include certain requirements.

Contents:

Executive Summary
Vision and Mission Statement
Industry Analysis
Market Analysis
Strategic Analysis and Plan
Marketing and Promotional Strategy
Organizational Plan
Financial Plans
Loan Proposal
References

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EXECUTIVE SUMMARY:
This section is like the abstract of the business.
Checklist include:
Brief description of the business
Overview of the market of the products or services
Brief overview of the industry
Strategy to make the business a success
Description and the managerial and technical experience of the key people
what amount of loan that is required, and the repayment period


NOTE: The excecutive summary should be between 2 to 3 pages.
Example:
Brief Description of the Business
The business royal fish farm is a business which specializes in the breeding of cat-fish known as “Clarias gariepinus” because of it uniqueness, adaptability and it advantages over other species of cat fish. It has high growth potential with a maturity period of five (5) months which possesses a lot of weight during sales. It can be located in any state in Federation with the vision of ensuring the availability of fish as well as reducing the price of fish in Nigeria all year round. Its short run objective is to commence with the rearing of fish but intends to integrate backward into brooding of fry and fingerlings (long-run objective).

Brief Overview of the Industry
Fish constitutes about 41% of the total animal protein intake by the average Nigerian hence there is a great demand for fish in the country however, fish represents 16 percent of all animal protein consumed globally, and this proportion of the world’s food basket is likely to increase as consumers with rising income seek higher value seafood and as aquaculture steps up to meet increasing demand (World Bank Report, 2013). Nigeria’s citizens as at the end of 2016 have a projected fish demand of 2.7 million tonnes of fish annually. Fish supply within the same period was 0.8 million tones, This figure was made up importation as well as from both artisanal and aquaculture, however aquaculture accounts for a smaller percentage of fish production. The current aquaculture production, is a far cry from its potential production annually. Data from Customs indicate that Nigeria spends between $400 and $600 million on importation of fish and fish products each year, creating an opportunity for further gains by domestic market participants (FMARD, 2016).

VISION AND MISSION STATEMENT

Checklists include:
Vision statement
Mission statement
values
How you intend to achieve your vision

NOTE: This section range between one to two pages
Example:

Vision Statement
To be Nigeria's leading producer of fish

Values:
We place our customers’ satisfaction before profit
We place our customers' welfare before profit

INDUSTRY ANALYSIS

Checklists include:
Industry background and overview
Trends in the industry
Growth rate of fish
The drivers of the industry
How economic factors may affect the business such as: inflation and recession, employment rate, interest rate
How social factors may affect the business such as: demographics, size of household, social attitude,
How laws and regulation may affect the business such as import laws, export control or promotion laws, special licenses etc

PLEASE NOTE: this section range from four to five pages.

Example:
Inflation and recession
Inflation and Recession- it is not strange that Nigeria is currently undergoing recession. One of the major cause of the recession in Nigeria is over-dependence on foreign goods leading to continuous balance of payment deficit which further leads to excessive demand for the Dollar and results to steady depreciation of the Naira. The government is continuously making and implementing policies that will favour local production and consumption such as high tariffs on imported items like cars, rice and low tariffs on raw material items such as farm machines, fertilizers, fish feeds, to encourage local production. It is important to note that unlike the drastic negative effects of inflation on corporations, inflation and recession will favour the fish farming business as only the cost of feeds and fingerlings are likely to increase significantly but due to shortage of supply of fish, the price is likely to increase beyond the increase in price of the inputs leading to abnormal profit.

Interest Rate- as at 2015, the average interest rate in Nigeria stood at 12.5% (Central Bank of Nigeria Statistical Bulletin, 2015) which is quite high and signifies inflation, however since the interest rate is high, prices of goods are likely to increase including the fish farm produce (fish).

MARKET ANALYSIS
Checklists include:
Your target market
What motivated customers to buy?
How large is the market?
Competitor analysis: who are your competitors?, what are their strength, loopholes (weaknesses), opportunities and threats

NOTE: this segment ranges from 2-3 pages

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STRATEGIC ANALYSIS AND PLAN

Major checklists include:

your core competence
Major drawback
Opportunities for growth of the business
Potential threats facing the business
Business strategy
Marketing and promotional strategy

Example:
MARKETING AND PROMOTIONAL STRATEGY
Our marketing and promotional strategy are highlighted and include
• Relatively low pricing strategy
• Online advertising which is extremely cheap or almost free if the advertiser is knowledgeable enough
• Credit facilities to trusted retailers as a promotional tool


ORGANIZATIONAL PLAN
Checklist include:
.Functions performed
Human resources required in the business
Organizational plan

Example include:
Functions Performed
For a start, the major functions or activities to be carried out include:
• Building the pond if not already existing, in some places, there are ready made ponds that can be rented to eliminate the stress of digging ponds or reduce cost
• Buying the fingerlings
• Stocking the pond
• Feeding the fish
• Changing the water at regular interval
• Online advertising
• Harvesting the fish at maturity
• Distribution of the fish to retailers and selling to customers on strategic market days

I will drop my details when I'm through

FINANCIAL PLANS

This section includes the amount of money needed to set up the business, it also includes the profitability analysis

Checklist include:
Cash budget-analysis and explanation
Break-even analysis
Proposed income statement
Proposed statement of financial position
Cash flow statement

Example:
Cash budget
Cash Budget for stocking 5,000 fish
Items
(Fixed cost elements) N
Borehole, pumping machine
and Plumbing Work 170,000
Generator Set 95,000
¼ plot of land and digging
of borehole (150,000+50,000) 200,000
Total Fixed Cost 465,000

Items (Variable cost elements) N
Fingerlings 20 x 5,000 100,000
Local fish feed (6000 x 75 bags) 450,000
Foreign fish feed (8000 x 75 bags) 600,000
Labour-skilled (30,000 x 5 months) 150,000
Labour-unskilled(18,000 x 5 months)90,000
Fueling of generator set,
fish supplements, appetite
booster and other utilities 70,000
Online marketing for five months 20,000
Transportation and
distribution on maturity 35,000
Total Variable Cost 1,515,000
Total Cost (465,000 + 1,515,000) 1,980,000

Revenue after the first five months
Assuming the mortality rate is 15% the revenue for the first five months on the stocking of 5,000 fish would be 4,250 x 600 if the fish is sold at N600 but the current price is N650
Estimated revenue 4,250 x 600 = N 2,550,000

Analysis and Explanation

From the analysis done in this section of the financial segment, it was observed that a total of N1,980,000 is required to start up the fish business when stocking 5,000 fish. The total fixed cost stood at N465,000 while the total variable cost was N1,515,000. It can also be ascertained that having invested N1,980,000 in the business, the revenue after the first five months would be N2,550,000. It is also observed that after the first five months of investing 1,980,000 subsequent investment would be just the total variable cost which is N1,515,000 which will generate a revenue of N2,550,000. This means that having invested N1,980,000 at the initial stage, subsequent investments would be N1,515,000 which will generate a revenue of N2,550,000 that is a return on investment of 68.32% after the first five months. It is also interesting to note that when stocking 5,000 fish, the revenue obtained during the first five months covers the total cost which includes total fixed cost and total variable cost including a 28.79% return on investment.

The break-even analysis
in the stocking of 5,000 fish is presented
using the formular

TFC/S-VC
where TFC = total fixed cost
S = selling price per unit
V = variable cost per unit


Fixed cost 465,000
Variable cost per unit
= total variable cost /total quantities to be sold

1,515,000/4,259 = 356.47

Therefore, breakeven point = 465,000/600-356.47

465,000/243.53=1,909.42
This means that a total of 1,909 units of fish are required
to be sold in order to break-even.

Proposed Income Statement For 5,000 Fish

Sales 2,550,000
Opening inventory 100,000 *1
Purchases 1,050,000 *2
Cost of goods sold 1,150,000
Gross profit 1400,000
Other expenses
Labour 240,000 *3
Utilities 70,000 *4
Marketing 20,000
Transportation
and distribution 35,000
Total expenses 365,000
Net profit 1,035,000

Additional Information
N
*1 (Opening Inventory)
Fingerlings 20 x 5,000 100,000
*2 (Purchases) Local fish feed
(6000 x 75 bags) 450,000
Foreign fish feed (8000 x 75 bags) 600,000
*3 (Labour) Labour-skilled
(30,000 x 5 months) 150,000
Labour-unskilled
(18,000 x 5 months) 90,000 = 240,000
*4 (Utilities) Fueling of
generator set, fish supplements,
appetite booster
and other utilities 70,000

following..... nice1

Cash Flow Forecast
Data:
It is estimated that 30% of sales would be on credit while cash sales amounts to 70%
Feeds are purchased every first and third month to avoid waste related to overstocking
The N20,000 cost of online marketing is spread throughout the five months trading period.

Example of cash flow forecast

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REFERENCES
Adewunmi, A.A (2015). Aquaculture in Nigeria: Sustainability issues and challenges, Direct Reseearch journal of agriculture and food science, vol.3 (12), pp. 223-231, December 2015

Central Bank of Nigeria (2015) Statistical Bulletin

FCWC http://www.fcwc-fish.org/fisheries/statistics/nigeria/901-nigeria-fishery-statistics-2016- summary-report

FMARD, (2016) Building on the Successes of the ATA, Closing Key Gaps, Policy and Strategy Document

National Bureau of Statistics (2015).

Porter, M. E. (1990) Competitive Advantage of Nations. USA: The Free Press

World Bank data-http://data.worldbank.org/indicator/NY.GDP.PCAP.CD?view=chart)

World Bank Report (2013) Fish To 2030, Prospects For Fisheries and Aquaculture, Agriculture And Environmental Services Discussion Paper 03, 83117.

Please note that a business plan ranges from 20 to 30 pages. But a feasibility study report ranges from roughly 10 to 15 pages. A feasibility study report contains mostly the practical segment and analysis, while a business plan includes vision and mission statement, strategies of the business, market analysis, competitor analysis amongst others.

You Are Good.

how to write business plan
http://businessplanng.com.ng/how-to-write-a-business-plan-in-nigeria/

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Fish Farming Business Plan In Nigeria / Feasibility Study Report

Recently we wrote a business plan on cat fish farming and we are very happy that our clients who called in to purchase our business plan called back to thank us for the exceptional piece work we did. Our recently updated Fish Farming Business Plan in Nigeria as it where can be used to access bank loans, proposal writing, grant applications. The business plan was recently compiled after a thorough feasibility study on Fish Farming business in Nigeria was done by our team of experts.

Read Our Business Plan For a Mega Integrated Poultry 2020 Complete Guide PDF

Remember what we have here were all recently update and are detailed enough to be used by those who are potential fish farmers and those who are already into but want to expand it. But if you need this for a loan, you are sure having the best material with you by purchasing our Fish farming business plan in Nigeria. If you want to go for a capital loan which is for those who wants to start a business, this will service you perfectly well. And if you want to go for an express credit which is a loan given to a person who already has a business but wants to expand, this business plan is what you need. To place an order for Fish Farming Business Plan in Nigeria, pay N10,000 to

GT Bank (Guaranty Trust Bank)

Account Name – Ogumka Innocent

Account No – 0153723721

After you have made payment for your Fish Farming Business Plan in Nigeria, send your email and payment details to 09066078526. Once your payment has been verified the Fish Farming Business Plan in Nigeria will be sent to your email.

You can also reach us via our email @ tradewithchapatt@gmail.com or via our whatsapp number @ 09066078526.

Like we have initially written above that the Fish Farming Business Plan has been recently update and it is intended to give you the current Market analysis and comprehensive insight into Fish Farming Business in Nigeria. We have designed this manual in such a detailed and unique way that itan be used for Bank Loans, Grant, Business proposal Writing and competition etc.

You will love our Poultry Business Plan for Layers in Nigeria 2020 PDF

2020 Fish Farming Business Plan / Feasibility Study

If you are very interested in starting a lucrative and a very profitable fish farming business in Nigeria, and you also are in need of a fish farming business plan / feasibility study, so have you covered already with what we have here. Just keep reading and we will share some information regarding the fish farming business plan in Nigeria. But also note that what we have here might not really be enough for you so it will be advisable that you place an order and get your fish farming business plan in Nigeria which contains the latest financial analysis, market survey, financial projections, executive summary etc.

Fish Farming Business Plan in Nigeria / Feasibility Study

Some time ago, I was invited to do a thirty minutes presentation on fish farming in Nigeria. I was invited a club who were mainly women. So they wanted to teach their people entrepreneur stuffs. When I go there, I had to ask them to ask me questions first about the Fish farming business so that I will know the area to work on since they all said they knew the business. 80 percent of the participants asked me a similar question and what was it? They wanted to know why fish farming business is very lucrative Nigeria and why it has become an increasingly lucrative business. The simple truth is that the high preference and demand of fish over meat has been one of the most prominent reasons why the fish farming has become one of the most lucrative businesses you can trust your capital on.

You can also read Poultry Farming Business Plan In Nigeria PDF 2020

This scene is also applicable all over the world not just in Nigeria alone. In one of my previous article on catfish, I told us that catfish is one of the most consumed fish in Nigeria because of its many advantages over the other kinds of fish. What are these advantages? They are as follows; it tastes good, rich in protein, easy to breed, and is highly resistant. So many people are very scared about this business because they feel that the fishes are very difficult to rear but that is not the case because fish can actually survive in any temperature and climatic conditions. What about their feeds? Let me shock you. How do the fishes in the river survive? How do they feed and how do they survive some of the worst weather? Well, it may interest you to know that fishes can feed on vegetables which make it a profit maximizing business to venture into.

Are you worried about how or where to sell your fishes when they are due for sales? Hmm. In this business, you don’t have to worry at all about that because there is an already made market for your business at the right price at all times. Now, let me give you a hint on where you can actually sell your fish. They can be sold to restaurants, market sellers and grocery stores. Recently, we had a research result by some private firm and it showed that most of the retailers who buy their fishes does so from fish farms that are very far away from their shops. What does this mean? It means that there is a higher transportation cost on these sale and yet these guys still go the extra mile to buy these fish. This means a lot then. Do you know that this will surely affect the price of fish as they are sold. But yet these retailers are still in the business making gains daily. If that is the case with them, what about you who is the supplier? But that is not your issue because at all. You are the supplier and those who are retail buyers know how to balance their cheque book. What am I trying to say here in essence is that, the fact that these retailers go the distance to buy fish shows how lucrative this business really is?

So the secret to this business will be to set a fish farm in a strategic position which will automatically bring the fish farm closer to the retailers and guess what? This will be the killer my friend because you are playing the cards the retailer wants and they will pay whatever amount to buy from you because it will be stress free for them to transport it to their market place. Such an idea will be a very welcomed idea by your loyal customers and thereby increasing patronage. Fish farming business is a very popular business among the various ethnic groups in Nigeria and it is one of the highly sought farm animal products by restaurants, hotels, grocery stores, fish sellers etc.

Check out our Profitable Egg Distribution Business Plan In Nigeria PDF/ Egg Supply Feasibility Study

GUIDELINES ON HOW TO START FISH FARM

Have a Business Plan

Before you go into any business at all especially this kind of business, you have to draft a business plan. For your business to include all the necessary aspect of the business. When drafting a business proposal, there should be included in it a visible budget that would consist of every items that will be needed to kick start your fish business, feed and maintain your fish farming business. These must be considered until the point where fishes are ready for harvesting and sales. Our Fish farming feasibility study business plan comes with an editable budget format.

Location

We made mention of it earlier on. Truth be told, if you make a wrong choice regarding your choice of location, you will suffer for it as time goes on. So you have to make the right choice when making your decision on the location of your fish farming. Another aspect to look out for is the environment where the fish pond or farm will be located. This have a long way to determine the kind of fish pond you will be constructing. If you know about fish business, you will understand that the fishes which are in a swampy areas, there is a recommended pond that should be constructed. But in areas where is no too much water there is a special pond that should be constructed. Please don’t joke with this aspect at all. Because the location of your fish pond is a vital factor to consider when starting your fish farming business in Nigeria.



Contents

Fish Farming Business Plan / Feasibility Study Report. 1

2020 Fish Farming Business Plan / Feasibility Study. 1

Fish Farming Business Plan in Nigeria / Feasibility Study. 2



What is Your Reason for starting a Fish Farm?

There are some questions that are very pertinent to ask yourself before embarking on this kind of business. One of such is the question of “why am I into this business? This is a very vital question to ask yourself and answering this question will give you an edge in this business. You must have a well defined goal in mind. And that goal must be specific. Because as you journey in this business, one thing will keep you going and that is your goal. Stating your motive for starting this business must be clear and also very detailed. One thing I know is that “inspiration helps you start, motivation keeps you on the tract and goal gives you the strength to finish. Why do you have to state your motive because your motive will determine the business plan that will reflect on the business plan and business strategy. There is also the aspect of you deciding whether you want to go into commercial fish farming or you want to go into a subsistence farming just to feed your family with the fish farm.

Cost of Feeding

When talking about the cost of feeding in fish farming, this actually because the fish feeds varies and this depends on the quality of feed you a farmer intends to have for his fish farm. If you want an enhanced fish feeds then you should also be mindful that this cost than the others but you will see the difference with the growth of the fish. In fish farming feeds, we have different types of feeds. We have the local and the foreign feeds. One thing should be stated clearly here. These feeds won’t cost same price because they don’t produce same results. With the foreign feeds, you will grow your fish faster, bigger, healthier etc than what the local feed will do for you.

You won’t just jump into this business without putting into consideration what it will take to set up a successful fish farm. This is very important. Ensure you determine what it will take to achieve success in the business. All the factors that you need to start a fish farm must be available. And what are these determinants? They include the human and material resources and these factors should considered. And also the fish pond, the types of workers needed, do you need trained staffs or staffs that are not really trained who will learn on the job? Etc, , sources of water, feed etc These are some of the things that you will need to consider before starting a fish farming business in Nigeria.

Set Up Your Farm

There are factors to consider before setting up a fish pond in Nigeria and I will list but a few for your consumption.

Pond Construction

According tom our experts, it will be more economical to adopt the pond culture. This is the most commercially employed methods operated in Nigeria. It is cheaper when compared to tanks fish construction.

Cost of Labor

This particular issue must be followed up metinously because the cost for labour is not a static one. It carries and what you could know yesterday might not be what it is today. Which means the price for the construction of a fish pond will change as time progresses. So if I give a figure now, it is likely that you will meet or see another figure tomorrow.

One of the very advantages is that it makes room for natural biological productivity to occur in the fish farming system. There are new innovation which this will bring such as the use of cages or net enclosures to allow more effective collection and growing of fry.

Note that one of the most important factors to consider is that, the fish farm has the capacity to produce the greatest yield in the smallest area available at the minimum cost.

Living Conditions

Now you have to pay attention to what I will be telling you. According to our experts, ensure the temperature of the fish pond should not be below 28 degrees Celsius or 82 degrees Fahrenheit. The reason is that fishes need a water temperature of 28-30 degrees Celsius to survive and anything outside this will put their lives in danger. The PH level should be very much checkmated. The PH level should be so suitable with sufficient oxygen which will help to enhance the survival of living organisms. Pollutants such as sulphur should be taken away from your fish pond.

Water Supply

Before you start a fish farming business in Nigeria one of the most needed item on your list is water supply. Fish survives on water. Remember? So there will be need for a constant and regular water supply you will need access to regular clean water supply. Please take note of flooding else you will have a problem at hand.

Breeding
For those who want to start a tilapia fish farming business, you should be able to adopt a breeding system or strategy that would help you maximize the number of new fishes you get weekly. If you don’t how this is done, then place an order for your fish farming business and you will get all the details.

Marketing

With our feasibility study on fish farming, we will give you a very detailed overview of how the market operates, what the market is in search of and what you can also do to make good sales. Remember that every consumer s it where are busy looking for a big fish which is also affordable in the market. These fish could be smoked fish or not. But the bottom line is that our feasibility study gives you precisely what you are to get out of the business as profits.

Why You Should Start A Fish Farming Business

So many people run away fro this business because they were told that starting up a fish farm is very expensive. But starting and running a fish farm is really not an expensive one and it quite cheaper and easier than you think. But if you want to establish a profitable and sustainable fish farming business you will require a very sufficient knowledge of how to efficiently build the fish pond, good management skills, and a good fish farming business plan like our fish farming business plan which will be a roadmap for your business and also give you all the necessary information that you will need to establish and sustain a very good profit making fish farming business plan.

We did survey to know why many people are going into this business and why there is so much profits in it. We discovered that Fish farming is becoming more popular. And the reason is that fish farming business is far easier to raise than other animals like cows, pigs, etc. Like we told you before from our research, fish has the ability to strive in any temperature and weather condition so long they are raised the proper way. There are some factors that needs to considered if you want to raise fish on a commercial scale of for your family consumption. They include:

Set up a Profitable Fish Farming Business Plan and Budget

We have been emphasizing that before venturing into fish farming business, it will be good that you get a fish farming business plan for your business. A well detailed and comprehensive fish farming business plan should include all the goals and objectives that you have for your fish farming business. We have a very well written and detailed fish farming business plan that will help you achieve your set goals while you start up, feed and maintain your business until the fishes are ready for harvesting and sales.

TABLE OF CONTENTS For Fish Farming Business Plan / Feasibility Study
1.0 Fish Farm Executive Summary
1.1 Fish Farm Objectives
1.2 Mission
1.3 Proposed capacity

2.0 Tilapia Fish Farm Products and Services
2.1 Products and Service Description
2.2 Competitive Comparison
2.3 Technology
2.4 Sourcing and Fulfillment
2.5 Future Products and Services
2.6 Company Locations and Facilities
3.0 Fish Farm Market Analysis Summary
3.1 Main Competitors
3.2 Target Market Segment Strategy

4.0 Fish Farm Management Summary
4.1 Management Team
4.2 Equipment/Machinery Requirement/ Land & Building/Seed
4.3 Personnel Plan
4.4 Raw Material Requirement
5.0 Fish Farm Financial Plan
5.1 Important Assumptions
5.2 Key Financial Indicators
5.3 Analysis from Fingerlings to Adult Size Fish
5.4 Projected Profit and Loss for 30,000 male Fish
5.5 Market Information
5.6 Mortality Losses
5.7 Threats

PLUS If You Act Now, You Will Get These BONUSES
COMPLETE GUIDE TO TILAPIA FISH FARMING IN NIGERIA
FLOATING AND SINKING CATFISH FEED FORMULATION AND PRODUCTION

Remember what we have here were all recently update and are detailed enough to be used by those who are potential fish farmers and those who are already into but want to expand it. But if you need this for a loan, you are sure having the best material with you by purchasing our Fish farming business plan in Nigeria. If you want to go for a capital loan which is for those who wants to start a business, this will service you perfectly well. And if you want to go for an express credit which is a loan given to a person who already has a business but wants to expand, this business plan is what you need.

To place an order for Fish Farming Business Plan in Nigeria, pay N10,000 to

GT Bank (Guaranty Trust Bank)

Account Name – Ogumka Innocent

Account No – 0153723721

After you have made payment for your Fish Farming Business Plan in Nigeria, send your email and payment details to 09066078526. Once your payment has been verified the Fish Farming Business Plan in Nigeria will be sent to your email.

You can also reach us via our email @ tradewithchapatt@gmail.com or via our whatsapp number @ 09066078526.

Recently we wrote a business plan on cat fish farming and we are very happy that our clients who called in to purchase our business plan called back to thank us for the exceptional piece work we did. Our recently updated Fish Farming Business Plan in Nigeria as it where can be used to access bank loans, proposal writing, grant applications. The business plan was recently compiled after a thorough feasibility study on Fish Farming business in Nigeria was done by our team of experts.
Read Our Business Plan For a Mega Integrated Poultry 2020 Complete Guide PDF
Remember what we have here were all recently update and are detailed enough to be used by those who are potential fish farmers and those who are already into but want to expand it. But if you need this for a loan, you are sure having the best material with you by purchasing our Fish farming business plan in Nigeria. If you want to go for a capital loan which is for those who wants to start a business, this will service you perfectly well. And if you want to go for an express credit which is a loan given to a person who already has a business but wants to expand, this business plan is what you need. To place an order for Fish Farming Business Plan in Nigeria, pay N10,000 to
GT Bank (Guaranty Trust Bank)
Account Name – Ogumka Innocent
Account No – 0153723721
After you have made payment for your Fish Farming Business Plan in Nigeria, send your email and payment details to 09066078526. Once your payment has been verified the Fish Farming Business Plan in Nigeria will be sent to your email.
You can also reach us via our email @ tradewithchapatt@gmail.com or via our whatsapp number @ 09066078526.
Like we have initially written above that the Fish Farming Business Plan has been recently update and it is intended to give you the current Market analysis and comprehensive insight into Fish Farming Business in Nigeria. We have designed this manual in such a detailed and unique way that itan be used for Bank Loans, Grant, Business proposal Writing and competition etc.
You will love our Poultry Business Plan for Layers in Nigeria 2020 PDF
2020 Fish Farming Business Plan / Feasibility Study
If you are very interested in starting a lucrative and a very profitable fish farming business in Nigeria, and you also are in need of a fish farming business plan / feasibility study, so have you covered already with what we have here. Just keep reading and we will share some information regarding the fish farming business plan in Nigeria. But also note that what we have here might not really be enough for you so it will be advisable that you place an order and get your fish farming business plan in Nigeria which contains the latest financial analysis, market survey, financial projections, executive summary etc.
Fish Farming Business Plan in Nigeria / Feasibility Study
Some time ago, I was invited to do a thirty minutes presentation on fish farming in Nigeria. I was invited a club who were mainly women. So they wanted to teach their people entrepreneur stuffs. When I go there, I had to ask them to ask me questions first about the Fish farming business so that I will know the area to work on since they all said they knew the business. 80 percent of the participants asked me a similar question and what was it? They wanted to know why fish farming business is very lucrative Nigeria and why it has become an increasingly lucrative business. The simple truth is that the high preference and demand of fish over meat has been one of the most prominent reasons why the fish farming has become one of the most lucrative businesses you can trust your capital on.
You can also read Poultry Farming Business Plan In Nigeria PDF 2020
This scene is also applicable all over the world not just in Nigeria alone. In one of my previous article on catfish, I told us that catfish is one of the most consumed fish in Nigeria because of its many advantages over the other kinds of fish. What are these advantages? They are as follows; it tastes good, rich in protein, easy to breed, and is highly resistant. So many people are very scared about this business because they feel that the fishes are very difficult to rear but that is not the case because fish can actually survive in any temperature and climatic conditions. What about their feeds? Let me shock you. How do the fishes in the river survive? How do they feed and how do they survive some of the worst weather? Well, it may interest you to know that fishes can feed on vegetables which make it a profit maximizing business to venture into.
Are you worried about how or where to sell your fishes when they are due for sales? Hmm. In this business, you don’t have to worry at all about that because there is an already made market for your business at the right price at all times. Now, let me give you a hint on where you can actually sell your fish. They can be sold to restaurants, market sellers and grocery stores. Recently, we had a research result by some private firm and it showed that most of the retailers who buy their fishes does so from fish farms that are very far away from their shops. What does this mean? It means that there is a higher transportation cost on these sale and yet these guys still go the extra mile to buy these fish. This means a lot then. Do you know that this will surely affect the price of fish as they are sold. But yet these retailers are still in the business making gains daily. If that is the case with them, what about you who is the supplier? But that is not your issue because at all. You are the supplier and those who are retail buyers know how to balance their cheque book. What am I trying to say here in essence is that, the fact that these retailers go the distance to buy fish shows how lucrative this business really is?
So the secret to this business will be to set a fish farm in a strategic position which will automatically bring the fish farm closer to the retailers and guess what? This will be the killer my friend because you are playing the cards the retailer wants and they will pay whatever amount to buy from you because it will be stress free for them to transport it to their market place. Such an idea will be a very welcomed idea by your loyal customers and thereby increasing patronage.
Check out our Profitable Egg Distribution Business Plan In Nigeria PDF/ Egg Supply Feasibility Study
GUIDELINES ON HOW TO START FISH FARM
Have a Business Plan
Before you go into any business at all especially this kind of business, you have to draft a business plan. For your business to include all the necessary aspect of the business. When drafting a business proposal, there should be included in it a visible budget that would consist of every items that will be needed to kick start your fish business, feed and maintain your fish farming business. These must be considered until the point where fishes are ready for harvesting and sales. Our Fish farming feasibility study business plan comes with an editable budget format.
Location
We made mention of it earlier on. Truth be told, if you make a wrong choice regarding your choice of location, you will suffer for it as time goes on. So you have to make the right choice when making your decision on the location of your fish farming. Another aspect to look out for is the environment where the fish pond or farm will be located. This have a long way to determine the kind of fish pond you will be constructing. If you know about fish business, you will understand that the fishes which are in a swampy areas, there is a recommended pond that should be constructed. But in areas where is no too much water there is a special pond that should be constructed. Please don’t joke with this aspect at all. Because the location of your fish pond is a vital factor to consider when starting your fish farming business in Nigeria.

Contents
Fish Farming Business Plan / Feasibility Study Report. 1
2020 Fish Farming Business Plan / Feasibility Study. 1
Fish Farming Business Plan in Nigeria / Feasibility Study. 2

What is Your Reason for starting a Fish Farm?
There are some questions that are very pertinent to ask yourself before embarking on this kind of business. One of such is the question of “why am I into this business? This is a very vital question to ask yourself and answering this question will give you an edge in this business. You must have a well defined goal in mind. And that goal must be specific. Because as you journey in this business, one thing will keep you going and that is your goal. Stating your motive for starting this business must be clear and also very detailed. One thing I know is that “inspiration helps you start, motivation keeps you on the tract and goal gives you the strength to finish. Why do you have to state your motive because your motive will determine the business plan that will reflect on the business plan and business strategy. There is also the aspect of you deciding whether you want to go into commercial fish farming or you want to go into a subsistence farming just to feed your family with the fish farm.
Cost of Feeding
When talking about the cost of feeding in fish farming, this actually because the fish feeds varies and this depends on the quality of feed you a farmer intends to have for his fish farm. If you want an enhanced fish feeds then you should also be mindful that this cost than the others but you will see the difference with the growth of the fish. In fish farming feeds, we have different types of feeds. We have the local and the foreign feeds. One thing should be stated clearly here. These feeds won’t cost same price because they don’t produce same results. With the foreign feeds, you will grow your fish faster, bigger, healthier etc than what the local feed will do for you.
You won’t just jump into this business without putting into consideration what it will take to set up a successful fish farm. This is very important. Ensure you determine what it will take to achieve success in the business. All the factors that you need to start a fish farm must be available. And what are these determinants? They include the human and material resources and these factors should considered. And also the fish pond, the types of workers needed, do you need trained staffs or staffs that are not really trained who will learn on the job? Etc, , sources of water, feed etc These are some of the things that you will need to consider before starting a fish farming business in Nigeria.
Set Up Your Farm
There are factors to consider before setting up a fish pond in Nigeria and I will list but a few for your consumption.
Pond Construction
According tom our experts, it will be more economical to adopt the pond culture. This is the most commercially employed methods operated in Nigeria. It is cheaper when compared to tanks fish construction.
Cost of Labor
This particular issue must be followed up metinously because the cost for labour is not a static one. It carries and what you could know yesterday might not be what it is today. Which means the price for the construction of a fish pond will change as time progresses. So if I give a figure now, it is likely that you will meet or see another figure tomorrow.
One of the very advantages is that it makes room for natural biological productivity to occur in the fish farming system. There are new innovation which this will bring such as the use of cages or net enclosures to allow more effective collection and growing of fry.
Note that one of the most important factors to consider is that, the fish farm has the capacity to produce the greatest yield in the smallest area available at the minimum cost.
Living Conditions
Now you have to pay attention to what I will be telling you. According to our experts, ensure the temperature of the fish pond should not be below 28 degrees Celsius or 82 degrees Fahrenheit. The reason is that fishes need a water temperature of 28-30 degrees Celsius to survive and anything outside this will put their lives in danger. The PH level should be very much checkmated. The PH level should be so suitable with sufficient oxygen which will help to enhance the survival of living organisms. Pollutants such as sulphur should be taken away from your fish pond.

TABLE OF CONTENTS For Fish Farming Business Plan / Feasibility Study
1.0 Fish Farm Executive Summary
1.1 Fish Farm Objectives
1.2 Mission
1.3 Proposed capacity
2.0 Tilapia Fish Farm Products and Services
2.1 Products and Service Description
2.2 Competitive Comparison
2.3 Technology
2.4 Sourcing and Fulfillment
2.5 Future Products and Services
2.6 Company Locations and Facilities
3.0 Fish Farm Market Analysis Summary
3.1 Main Competitors
3.2 Target Market Segment Strategy
4.0 Fish Farm Management Summary
4.1 Management Team
4.2 Equipment/Machinery Requirement/ Land & Building/Seed
4.3 Personnel Plan
4.4 Raw Material Requirement
5.0 Fish Farm Financial Plan
5.1 Important Assumptions
5.2 Key Financial Indicators
5.3 Analysis from Fingerlings to Adult Size Fish
5.4 Projected Profit and Loss for 30,000 male Fish
5.5 Market Information
5.6 Mortality Losses
5.7 Threats
PLUS If You Act Now, You Will Get These BONUSES
COMPLETE GUIDE TO TILAPIA FISH FARMING IN NIGERIA
FLOATING AND SINKING CATFISH FEED FORMULATION AND PRODUCTION
Remember what we have here were all recently update and are detailed enough to be used by those who are potential fish farmers and those who are already into but want to expand it. But if you need this for a loan, you are sure having the best material with you by purchasing our Fish farming business plan in Nigeria. If you want to go for a capital loan which is for those who wants to start a business, this will service you perfectly well. And if you want to go for an express credit which is a loan given to a person who already has a business but wants to expand, this business plan is what you need.
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Get our Tilapia Fish Farming Business Plan In Nigeria
https://businessplanhub.com.ng/tilapia-fish-farming-business-plan-in-nigeria-pdf/

get our Fish Farming Business Plan In Nigeria
https://businessplanhub.com.ng/fish-farming-business-plan-in-nigeria-pdf/