Monday, October 21, 2013

How to Start a Fish Hatchery

There are several types of fish hatchery 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.

1
Choose a purpose for your fish hatchery. Why are you beginning the business?
·         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?

2
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.
·         Online learning, books and manuals are also good options for learning more about fish farming.

3
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?
·         Do you have room if expansion is needed? Is there enough room to house and transport the fish?

4
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?

5
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 finical plan in place and is it realistic?
·         What type of cash flow are you expecting?

6
Contact the appropriate people to get the business started.
·         Construction and equipment needs will need to be taken care of first.
·         Find a seller for your initial stocking to begin the fish farm.


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