FISHING BUSINESS

There are several types of fish businesses. Fish are raised for hobby, food and ornamental reasons. Many people have great success from their fish farms. However, beginning a business like this one can be a big risk. Before starting an aquatic business venture, it is important to learn all that you can about how to start a fish hatchery.
 Now,it is better not to rush than to rush and put yourself in problems.How do you start fish business?

Choose a purpose for your fish hatchery.  

• Will you raise fish for food, hobby or ornamental purposes?
• Are you planning the fish hatchery as your main source of income, extra income or as a hobby?

 Gain knowledge about fish farming. Learn all you can about owning a fish hatchery. This will help you make educated decisions when beginning your business.

• Consider taking college courses or participating in programs related to fish farming.
• Visit various fish hatcheries and interview their owners and workers. Also check out fish hatchery web sites.
• Take on a part-time job working at a fish hatchery. Hands-on experience is best. If you cannot find a job, ask a few fish farm owners to let you come and help out for a few days.

Determine if you have the proper location to establish a successful fish farm.

• What type of water source do you have on the land where you plan to farm? What types of fish would best thrive in the water?
• What are the weather conditions in the area? Is the land prone to flooding?
• Are there any buildings? How much construction will have to take place to begin the business? Do you need any special permits to begin the business?

Analyze the outlook for the business.

• Do you have a buyer for the fish? What type of market is out there for the fish you plan to harvest?
• Have you talked with any industry representatives? What type of fish is the best option for starting your business?
• Have you contacted people to assist you on special issues that arise?

Discover how much money is need to start your business. 

How much money do you need to begin digging ponds and buying your initial fish to stock them?

• Analyze your savings, investments and assets.
• Consider trying to obtain a small business loan.
• Do you have a financial plan in place and is it realistic?
• What type of cash flow are you expecting?