Most entrepreneurs are usually
carried away by the prospects of making big bucks and forget to think the
business through. Fish farming is no exception! You will have to learn the
technical basics of the trade and do your homework. Luckily, there are very
rich manuals out there to help you get started.
You must consider the production costs for the volume of fish you intend to
stock. There are a wide range of options to consider, no matter the size of
your budget. One could start from small plastic wooden ponds before
graduating to big concrete or earthen ponds.
Important: Fish feed is very likely to be your largest cost element. Be sure
you have enough capital to meet the feeding needs of your fish stock
because fish could literally really eat your pocket dry. Start with small
amounts of fish and gradually build up as your experience, knowledge and
earnings improve.
Warning: Avoid the temptation to overstock or start with large quantities!
Do not make the common mistake of starting this business by stocking huge
volumes of fish because you expect to make a ton of money. Only take this
route if you have the required capital to keep them well fed and a ready
market to sell them off to when they are market-ready.
One of the biggest mistakes many fish farmers make is to start looking for
buyers only when the fish is ready for sale. At that time, your pond will have
attained the maximum capacity at which all the fish stop growing. The
longer the fish stay in the pond after they have stopped growing, the smaller
the profit margin as you will have to continue feeding them so they don’t
lose weight (which will affect your sale price).
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