Any one can start raising fish in Nigeria but the question is how sustainable can your production be. (Please note, we refer to how profitable, productive and continuous your production process is / can be when we talk about the word sustainable). Fish farming or aquaculture will be used simultaneously in this write-up, don’t be confused both refers to the act of raising fish in a controlled environment with the aim of meeting human/ market demand for fish and making money in the process.
Fish farming is an act and if not played the way it should be, it cannot be sustained. i will be sharing with you 4 tips on how to start and sustain a fish farming business in Nigeria.
If you are thinking of investing in fish farming. There are two important things i would like you to consider before diving into it.
- Level of capitalization
- Expertise
These two things determine how successful you will be in the act of raising fish, possessing the two will move you quickly to acquiring massive wealth in a short period of time. Possessing either one of the two will make you wealthy in a long period of time if managed well.
When talking about the level of capitalization, what is being described is the exact amount you intend to spend on raising your fish, or starting an aquaculture business with . Is it #1,000, 3,000 or #40,000. This particular factor determines your major success level in the act of aquaculture.
However, having substantial capital with little or no expertise might cause you to gamble with your money, lose more than you invested and be flat broke. on the other hand, little capital with sound expertise will reduce your progress level, (Remember the saying “Money is King”) it also applies here.
If you find yourself possessed with these two important things.good for you. Why not begin your aquaculture business ASAP. What if you are deficient of anyone?, the good news is you can succeed in the act, all that is required is time and knowledge. As long as “giving up” is not an option.
High success + High Expertise = Success in a short period
Low Success + High Expertise = Success in a long period
High Success + Low Expertise = Success in a long period
At this point, I am kindly requesting you to like Craigcrack on Facebook and Subscibe to learn more about developing a fish business even when you have a small capital.
Now back to work, having the things implies readiness, but without these tips associated with it, you might end up losing much more than you invested. The Question is “of what need is being in a business when you lose than you gain. Isn’t it profitable to stick to a 7-5 paying job?
TIP 1
WHAT EXACTLY DO YOU WANT?
Fish farming is a complex word and as complex as the word is also the act. There are various aspects of fish farming. They includes
Fingerling production
Juvenile production
Smoked-size production
Table- sized fish production
Broad stock production
The various aspects listed above relate to the life cycle of a fish. The higher you go, the more the capital you need to sustain and the more profit you will realize.
FP (LITTLE CAPITAL, LITTLE PROFIT) ======> JP ======> SSP ======> TSP ======> BSP (MOST CAPITAL, MOST PROFIT).
TIP 2
STICK WITH WHAT YOU REALLY WANT.
Congratulation on your selection, truth be said aquaculture is broad, it is not advisable for an individual to provide more than two services in any aspect of aquaculture. The reason still bounces on the broadness of aquaculture and I strongly believe if you seriously desire to sustain and give more room for development. Dedicate your energy to one or two services under aquaculture and render them perfectly, even the holy book says give to caesar what belong to caesar. In this game, chose the path your soul desires and lay with it, avoid greed associated with making more money from the other services you are not providing. This particular tip helps you to attain expertise easily because you only channel your energy and focus on what you have decided to do.
The bottom line with this tip is as simple as the phrase “stick with what you want”. Avoid being Jack of all trade master of none.
TIP 3
CONSISTENCY
Consistency: The ability to continually do a particular thing over and over again and never get tired of it; during rainy days and days of extreme sun,in good times and in harsh period. This is what prevents you from what i call prostitution in the sense that you keep trying different things and you strongly hope one will bring you wealth. Scaling through the hurdle of what you want and sticking to it may be the easy part, but consistency is where the real work is. Understand that fish farming like other business has its good times and bad ones, your ability to stick through both period is what determines your success in the business.
I should have left the fish marketing aspect of aquaculture after i burnt my initial capital, the experience was funny, but you what?, instead of scavenging about other Fish related business (fish production, feed production) and starting from the scratch, I continued from where I left. Even till now that’s what i do and i have moved from thinking on how to have my product sold to having out places i believe my product should be. i am more referring to by craigrack than my real name well, my product is my name, so when next you can’t remember me by name, just craigrack will do.
The bottom lines is for you to be consistent in whatever aspect of Aquaculture you decide to invest in no matter the condition.
TIPS 4
DEVELOP YOUR METHOD
In the act of fish farming, you have to develop a method that perfectly works for you. My unique method of processing my fish involves mechanical stunning because processing using this method to me makes my work easier, reduces irritation and Mucor formation, whereas a friend of mine is in love with torturing to death [A process of using salt to kill his fish]. He does convince me to try it out that it’s easier, and faster, but I consider it rather strenuous to mechanical stunning, either way we get our fish processed using our unique processing method we have our unique customers and make money from fish farming. developing a unique method may be hard at first but since you are just starting try as much as possible to be observant and note the end result of every method you apply with time you develop your unique method it applies in every aspect of aquaculture, fish feed formulation,culture facility selection, water to be used for culture and so on. Once you have that unique method, whatever aspect of fish farming you invest in becomes Stressless and profit.
I am sure with these four tips you are already prepared for a wealth accumulation experience through fish farming.
Get Fundermentals of aquaculture and fisheries today, it teaches you to understand the basics of fish farming and how to apply it profitable.
If the article was helpful spread it to friends on socials, feel free to comment, share your views and opinion i am very eager to learn from you.
reader. You could spend less than that, but am certain that knowledge will change your perspective about things happening in our society if possible, give you a new philosophy when it comes to certain issues.
craigcrea8 
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