Sample Fish Farming Business Plan Illustrated

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Sample Fish Farming Business Plan Illustrated

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Sample Fish Farming Business Plan Illustrated – This fish farming business plan is an illustrative one. It’s a must read for every fish farmer. We all understand that fish farming has been in existence for a very long time. This is because it has always been a very lucrative business. Therefore, in the recent time, more and more people have found it a very good means of livelihood. In addition, fish farming plays an important role in the employment, income generation, national economic development, providing nutrition and in earning foreign exchange. These are some of the reasons why we present this Sample Fish Farming Business Plan Illustrated to enable you succeed in your fish farming business.

The particular features of fish farming is that it’s not so capital intensive. However, you need to have good skill in the trade to enable you apply some expertise in the business. This is important, in order to avoid loosing money at the slightest mistake. More importantly is to arm yourself with a winning business plan. This business plan will help you decipher how your business is really going to be run. Here below is Sample Fish Farming Business Plan Illustrated. So, if you re looking towards leveraging on the agriculture industry to generate huge income, then one of your best bet is to start a fish farming business.

Sample Fish Farming Business Plan Illustrated

As a matter of fact, one certain thing about starting fish farming business is available market. Therefore, if you are able to conduct your market research and feasibility studies, you re more likely not going to struggle to sell your fish because there re always fish traders and consumers out there who re ready to buy from you. The feasibility/viability segment of this business plan will do the magic for you.

Sample Fish Farming Business Plan Illustrated – The Executive Summary

Riverine Fish Farm Ltd is a licensed fish farming company that will be based in a riverine area in Ezinihitte Mbaise, Imo State Nigeria. We have done our detailed market research and feasibility studies and we were able to secure 20 hectares of land to start our fish farming business.

Riverine Fish Farm is going to be a standard fish farm hence will be involved in raising and harvesting finfish (e.g. catfish, trout, tilapia and minnows). It will also be raising and harvesting shellfish (e.g. clams, oysters, crustaceans, mollusks and shrimp). Included are raising and harvesting ornamental fish (e.g. goldfish and tropical fish). It will also be involved in raising and harvesting other aquaculture (e.g. seaweed, alligators, frogs and turtles) et al.

We re in the Fish Farming industry because we want to leverage on the vast opportunities available in the agriculture industry, to contribute our quota generating income and employment for our host communities and the nation in general.

Furthermore,

Riverine Fish Farm Ltd is well positioned to become one of the leading fish and seafood farming business in Nigeria, We have therefore, sourced for the best hands and machines to run the company. We have put process and strategies in place that will help us employ best practices when it comes to fish and seafood farming processes as required by the regulating bodies in Nigeria.

At Riverine Fish Farm Ltd, our customer’s best interest will always come first. Hence, everything we do will be guided by our values and professional ethics. We’ll ensure that we hold ourselves accountable to the highest standards by meeting client’s needs precisely and completely. We will cultivate a working environment that provides a human, sustainable approach to earning a living for our partners, employees and for our clients.

Riverine Fish Farm Ltd is a private registered fish farming company that is owned by Deacon Ane and his immediate family members. The fish and seafood farm will be fully and single handedly financed by the owner and his immediate family members at least for a period of time. Deacon Ane studied Fishery before becoming an accountant. He has well over 10 years of hands on experience in the fish farming industry.

Sample Fish Farming Business Plan Illustrated – The Products and Services We Offer:

Riverine Fish Farm Ltd is a standard fish farming company that is committed to raising fish and seafood for both Nigeria’s market and the global market as well. We re in the fish and seafood to make profits and we re going to do all we can to achieve our business goals, aim and objectives.

These re the areas we will concentrate on in our fish and seafood farming business;

Raising and harvesting finfish (e.g. catfish, trout, tilapia and minnows)
Raising and harvesting shellfish (e.g. clams, oysters, crustaceans, mollusks and shrimp)
In addition, raising and harvesting ornamental fish (e.g. goldfish and tropical fish)
Raising and harvesting other aquaculture (e.g. seaweed, alligators, frogs and turtles)

Sample Fish Farming Business Plan Illustrated – Our Vision Statement

Our Vision is to become one of the leading fish and seafood farm brands in Nigeria.

Sample Fish Farming Business Plan Illustrated – Our Mission Statement

Riverine Fish Farm Ltd is a world class fish and seafood farming company that is committed to raising fish and seafood for Nigeria’s market. We want our fish and seafood to flood the nooks and crannies of Nigeria and other neighbouring countries.

Sample Fish Farming Business Plan Illustrated – Our Business Structure:

Riverine Fish Farm Ltd, is a privately owned and managed fish and seafood business that intend starting small in a fishing community in Ezinihitte Mbaise, Imo state. However, hope to grow big soon in order to compete favourably with leading fish and seafood farming companies in the industry.

We re aware of the importance of building a solid business structure that can support the picture of the kind of world class business we have in mind. This’s why we re committed to only hiring best hands within our area of operations.

Therefore, at Riverine Fish Farm Ltd , we will ensure we hire people that re qualified, hardworking, and creative, result driven, customer centric and re ready to work to help us build a prosperous business that will benefit all the stake holders.

The management Team:

As a matter of fact, we have decided to hire qualified and competent hands to occupy the following positions;

Chief Operating Officer
General Fish and Seafood Farm Manager
Accountant / Cashier
Human Resources and Admin Manager
Sales and Marketing Executive
Front Desk Officer, and
Field Employees

Sample Fish Farming Business Plan Illustrated – Fish Farming Business Plan: SWOT Analysis

Riverine Fish Farm Ltd don’t intend to launch out with trial and error hence the need to conduct a proper SWOT analysis. This is because, we know that if we get it right from the onset, we would have succeeded in creating the foundation that will help us build a standard fish and seafood farming company that will favourably compete with leading players in the Fish industry in Nigeria.

Therefore, we engaged the services of a core professional in the area of business consulting and structuring, Complete Full Marks Consultants Limited, to assist our organization in building a well – structured fish and seafood farming company that can favourably compete in the highly competitive fish and seafood aquaculture industry in Nigeria.

Part of what the team of business consultant did was to work with management of our organization in conducting a SWOT analysis for Riverine Fish Farm Ltd . Here is a summary from the result of the SWOT analysis that was conducted on behalf of Riverine Fish Farm Ltd.

Strength:

Our strength as a fish and seafood farming company is the fact that we have healthy relationships with loads of major players in this industry. These include agriculture merchants in the industry; both suppliers of fish and seafood feeds and medications and buyers of fish and seafood within our environment and outside Imo state.

As a matter of fact, we have some of the latest fish farming hatchery, tools and equipment that will help us raise and produce fish and seafood in commercial quantities with less stress. Aside from all these, we can confidently boast that we have some of the most experienced hands in fish farming in our payroll.

Weakness:

One important weakness that we will soon overcome is the fact that we are a new fish and seafood farming company in Nigeria. We understand that it might perhaps take us sometime to attract big time customers in the industry. We re aware of this and from our projection have plans to overcome this weakness with time and turn it to a major advantage for the business.

Opportunities:

The opportunities that are available to us is enormous. We are aware of loads of households, and businesses such as hotels and fast food restaurants that can’t do without daily supply of fresh water fish and seafood. We re well positioned and ready to take advantage of these opportunities.

Threat:

Some of the threats and challenges that we re likely going to face when we start is the current economic downturn in Nigeria that can impact negatively on household spending, bad weather cum natural disasters (draughts, epidemics), unfavourable government policies and the arrival of a competitor within same location. There is hardly anything we can do as regards this threats and challenges other than to be optimistic that things will change and work for our good.

Sample Fish Farming Business Plan Illustrated – The Next Phase of the Business Plan:

The next phase of this business plan is the concluding part. The good news is that it’s always available with us. So you can call or order from +234 8034347851 or email [email protected]. However, one important fact in business plan writing, is that the firm stories are not always the same. If you want your business plan to carry only your firm story then reach out to us. We will do a fresh one for you at minimal cost.

This particular one, Sample Fish Farming Business Plan Illustrated, can also be adapted to suite your firm, if that’s what you want from us.

Can you help us share this to reach your contacts. You can follow us on any of our social media handles for your regular updates. Thanks.

Ane

Deacon Anekperechi Nworgu, a seasoned economist who transitioned into a chartered accountant, auditor, tax practitioner, and business consultant, brings with him a wealth of industry expertise spanning over 37 years.

Sample Fish Farming Business Plan Illustrated

Sample Fish Farming Business Plan Illustrated

Sample Fish Farming Business Plan Illustrated