written by | October 11, 2021

Start A Fish Farming Business Today!

HOW TO START FISH FARMING BUSINESS

Think of the most expensive food in the world, the answer is Caviar, the roe of fish. From fancy Sushi to Macchi bhaat, Fish is one of the world’s most eaten delicacy so because of its taste and versatility. Fish can be cooked in many ways be it roasted, broiled, grilled, or poached, in soups, stews, and—and with a variety of seasonings, toppings, and sauces. The list of benefits of consuming fish is huge, is filled with omega-3 fatty acids and vitamins such as D and B2 (riboflavin). Fish is rich in calcium and phosphorus and a great source of minerals, such as iron, zinc, iodine, magnesium, and potassium. thanks to the Fish Farms that we can take benefits of it and use it for our consumption so easily. 

Fish Farming is the raising of fish particularly hens domestically or commercially for food. Billions of fishes are raised around the globe every year. The same goes for India as fish is a staple for the coastal region of our peninsular India and with such a big population the demand is quite high. India the country ranks second in the world in total fish production with an annual fish production of about 9.06 million metric tonnes. These results show that India has significantly improved its fish farm business and the industry is booming at a steady pace. 

If you are interested in Fish Farm Business, Let’s have a look at how you can set it up in India:

Create a Plan 

Decide beforehand what is going to be the size of your fish farm business. If you are manufacturing, you need to understand it is not an easy task and requires a good understanding of science and technology behind it. You will have to hire professionals and the scale of your business will be big. With that decide what will be your reach. Since you have a fish farm set up for yourself are you willing to also market it online? Decide how big of a space you are expecting to have and will you be also handing out the deliveries. And if it is also set up as an online store, how are you going to manage storage, packaging, and delivery.

The growth will only follow if you thrive in the market and the fish farm business needs investment and time. One should always be ready for bad days and thus also take care of the amount that is produced daily because it is not easy of a task to manage the fishes 

Do your research

The fish farm business is not an easy venture to open. You have to do a lot of research about what are the most demanded variety of fish in the market and what you are going to have I your farm, what is their breeding periods, what is their breeding season, how many males you need to breed your fish, etc. You need to hire professionals who know the science behind fish farming. The fish farm business requires a lot of maintenance and you must know how to manage them wisely so that none of your product produced is wasted. You always have to be careful about any infection and medicines of the fish on your farm as there are very many types of diseases that fish develop which can infest in your farm and can be spread to humans too. So, Maintain Hygiene of your farm.

Take Permits and License

To start any business in India, you need to have legal permission sorted beforehand to avoid any hassles with government officials. Especially for fish farming, you’ll need to get yourself registered as a business person, get your GST registration, no objection certificate (NOC) from the local government, NOC from the pollution department, permission from the electrical department and the water department, and all other sorts of licenses and permits. Make sure you are ready with all the paperwork and to take multiple rounds of government offices because opening any business in India calls for this.

Choose the right Location and infrastructure

The location of your fish farm matters a lot. Try to keep your farm away from a place where there are already other fish farms presents there will be a crunch of resources and the customers will get distributed amongst the other fish farms businesses. Buy or rent a space that is big enough where you can store your items carefully and systematically. The place should be big enough for your fish to have appropriate space. The farm should have proper shed and ventilation. 

The infrastructure of your farm matters a lot. The tanks should be made such that it can be cleaned with time properly. These types of floors are expensive to make. The roof should be waterproof and the walls should be thin. The place should have proper ventilation.

The fishes should be fed on time and the resources for that should be arranged properly. 

Get the Manpower

It is important in the fish farm business that you have a team of learned individuals who know about fish farming. Managing a fish farm is not easy it requires perfect knowledge of breeding season, type of species used in fish farming, the behavior of fish, diseases of fish, and so on. So you need to have a team with good qualifications and skills to manage the farm. You will need a considerable workforce just to do the cleaning so keep that in mind. Also, once you have a farm and you desire to build it bigger, have a trusted group of people who will help you on each level as this is not a task that can be handled alone. 

Along with the in-house staff, if you are opening your horizon for delivery service, have delivery persons ready to go who can handle your items with care and reach the delivery destination on time. Build a team you can trust!

Arrange Finances

Opening any business demands for an initial monetary fund that helps you set up the business, fish farm business especially calls for a big initial fund. You should always keep some amount aside for any emergency. Thus, arrange your finances keeping in mind the above aspects and be ready to spend first. If you put your best effort, the business will definitely thrive and grow.

Advertise Smartly

Create a website for advertising your products and services. Change your fish farm business into a brand name. Social Media is used by almost everyone around. It is almost certain that at least one person in your locality must be using any social media platform. Putting up pages on Facebook and Instagram, developing a strong SEO, and investing in marketing offline can bring great audience attraction to your fish farm business. Along with online, spending on offline methods to propagate business is necessary. Go old school and hand out pamphlets whenever a customer arrives. Since you have an offline store and most customers will save your number for future reference, you can invest in WhatsApp Business and use its marketing tools to propagate your business. It is convenient to use and digitally provides a personal touch as the medium is one-to-one messaging which has become one of the best provisions of converting prospects to customers. Remember to greet them nicely and make them feel important.

The fish farm business as mentioned earlier, calls for great responsibility. The pollution created by this industry is one of the key causes of climate change. When you set up a fish farm business be assured that all the waste product that is produced in your farm is managed substantially and keeping the environment in mind. Be responsible for your investment and perform your duties towards protecting the environment. Good luck with your future venture!

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