Do you want to start a salmon fish farming business from scratch? Or you need a sample salmon fish farm business plan template? If YES, then i advice you read on. Fish farming business is one of the businesses an entrepreneur that is trained can easily start and generate huge returns on his or her investment within the first business cycle, simply because of the demand for fish. Fish is a source of food cum protein for both humans and animals.
As a matter of fact, fishes are found and consumed in all parts of the world, so it is one business that can thrive in any location you decide to start the business. It is not restricted to a geographical region. There are loads of fish farms especially those farming catfish, et al, so if you want to start your own fish farm, it will be more profitable to start a salmon fish farming business. One good thing about salmon fish is that they can live in both fresh water and salt water.
Salmon belongs to the family of Salmonidae and they are considered to be oily fish and a major source of fish proteins, vitamin D and Omega 3 fatty acids et al. An average Salmon fish has a lifespan of three to eight years and the can grow very big (20 inches to 5 feet and can weigh 4 to 110 pounds) hence the nick name super – fish.
The fact that salmon thrives in both fresh water and salt water makes it easier to choose how you intend raising your salmon fish. No doubt starting a salmon fish farm requires load of work but it is indeed a very rewarding business venture.
Now let us consider some of the steps you would need to follow if you are interested in starting your own salmon fish farming business;
Starting a Salmon Fish Farm – Sample Business Plan Template
Table of Content
There are a lot you stand to gain when you engage in feasibility studies before starting a new business. No doubt feasibility study gives you the information that you need to make inform decision. Part of the questions that your feasibility studies will answer is the total cost of setting up a commercial salmon fish farm business, the profit projection and the likely challenges you are expected to face in the business.
Once you are equipped with this knowledge, it makes it easier for you to make adequate plans on how to handle the business. As a matter of fact, some folk call it quit or revert to the drawing board once they discover that they are not well equipped to engage in such business when the result of their feasibility studies is staring them in their eyes.
2. Acquire Training
It is easier to do pretty well in a business that you invest your time and money to learn as against employing trial and error approach. So, if you are serious about starting your own salmon fish farm, it is important that you enroll in an aquaculture / fishery school to get trained on how to raise salmon fish.
You can as well visit the internet to research on salmon fish, the habitat that is suitable for them, what they feed on and their feeding pattern, their growth and lifecycle, how to hatch their eggs, how to handle the newly hatched salmons (alevin or sac fry) and other key factors that will place you in a better position to run a salmon fish farm.
It is important to write a business plan especially if your intention of starting your salmon fish farming business is to make good profits and also to continue to grow and expand the business.
The truth is that any business that has a good business plan in place before the business was started tends to do pretty well when compared to a business that is being operated without a business plan. So ensure that you have your fish farming business plan in place before starting your own salmon fish far, it will be to your advantage.
4. Acquire Your Farm Land
Good enough farm lands are not expensive in most parts of the world. If you want to go into commercial salmon fish farming business, then you are expected to acquire a farm land in an area that is zoned for such business activities. In a well planned city / town you won’t be permitted to setup a fish pond in residential area because of obvious reasons.
5. Setup Your Fish Hatchery and Ponds
Once you have been able to secure a farm land for your salmon fish farming business, then the next step is to ensure that you design and install ponds for various growth staged of your salmon and also to design and install your fish hatchery.
A female salmon fish lays about 5000 eggs per nest and if not well managed a large chuck of the eggs will be wasted that is why it is important to install your own fish hatchery if you want to maximized profits.
6. Hire Staff
You would need hands to help you in maintaining your salmon fish farm. You need more unskilled labors hence your budget for paying salary will not be high.
7. Harvest and Sell Your Salmon fish
Next port of call would be to harvest your salmon fish and begin to sell. There are loads of people who would want to buy your harvest, and you can be sure to make great profit when you follow the guide.
This step is very important, as there is a lot to gain when you tell ample people about your business. I this case, the good old word of mouth advert would go a long way in helping this thrive. Let them know when your harvest occurs so that they can come in time to make their purchases.
Now that you have learnt quite a lot from this article, it is also important that you continue to get trained on how to run your business even better.