How Fast Can You Expect The Return on Investment in The Fishery Business?

FIsh Farming

The good news is, Mr. and Miss Fish grow very fast.

Just like poultry chickens, fish grows very fast and can be sold within six-eight months.

Though there are many websites with good information about fish farming, the price of a table size fish cannot be determined by anything you’ll read online (though I have read from some people who try to tell you that fish is sold for xxx price).

The cost of fish and any other product depends on your market location and market forces (demand and supply, festive season, government policy, etc.) and not predictable.

That’s why I encourage you to go out and make research about your intending market and costs… in your environment or call us today to get the latest information from us.

So, how long can it take to start making much money from fish farming in Nigeria?

Let’s hope everything goes fine, so let’s expect 18-36 months (depending on various situations).

By this I mean, your first juveniles should not be too much and you should use them as a training point.

Your second juveniles should cover part of your starting capital why your third set of juveniles should cover all of your starting capital and profit.

If this is correct, your fourth juveniles should start your appropriate profit… this may be in the second year.

How much you can make is dependent on how much you input, I’m sure you understand this.

Just as disease could break into poultry farm and destroy a whole farm, so can there be a major outbreak that could lead to great loss in a fish farm.

However, this is not a good reason to run away from fishery business. What is that business that is not risky anyway?

Other Fish Farming Tips You Should Take Note

Take care of your water. Water probably is the most important thing to a fish, even more than food. Fish lives and sustains itself in water. Water is the source of its oxygen.

Fish lives in Ocean, river and streams. Now that we want to raise them, we have to provide a kind of “home away from home” for them.

Can you imagine yourself living where the oxygen is scarce or bad? That`s why fresh water is very important to the live of a fish.

You have to consider the availability of quality water where you`ll locate your fish farm.

Very often, you will find out that the quality of the water in your pound deteriorates.

This is very normal due to the feeds you`re giving your fish, even if they are of high quality.

It`s only a little percentage of the feeds that are actually converted into nutrients for your fish. Other wastes stimulates excessive phytoplankton growth.

As water stays around for few time, it becomes unnatural for your fish as the oxygen level of the water decreases.

If there is a flowing stream you directed to your farm, good. If not, the water has to be changed often.

Feed your fish with quality foodIf you don’t, they won’t grow as required.

Be business minded. You must understand that you’re going into business, real one. Be business minded.

Be a marketer and a strategist entrepreneur. Eventually your work is to sell. Business is about selling, not only your products, but your vision and business ideas.

If you`re not educated in the art of selling, you cannot succeed in any business.

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