Record Keeping This is keeping track of all your input and output to keep track of how much profit you are making and how much you are losing. This is a structure every businessman should have in their business, and it is not excluded from you like a catfish farmer. It is key to keep track of how much fish you are started with, how much the fishes feed per day or weeks, how many died or how many are eventually going to be sold- how much profit you made. These are what will eventually determine your success rate as a catfish farmer. It will also help you learn from your mistakes, what works for the fishes and what doesn’t work, thus, helping you in the long run to reduce risk and hazard, and cost of production in subsequent times. By reviewing data, the farmer will know how to increase productivity and when to expand. Keeping records enable the farmer to understand the economic viability of their fishes...
The Farming Process Farming catfish is a profitable venture but to succeed, you must know the proper process of rearing catfish. They can be summarized in three activities of six basic stages. Pre-cat fish farming. Step 1 Under this stage, you have identified your interest in catfish farming. Your interest is what will make you have the desire to get the necessary and basic knowledge you should have about catfish farming. At this stage, it is also very important to decide if you will be running your farm yourself or may want to employ the services of a fish farm. At this stage also, you draw up your budget, business plan and start contacting workmen- masons, breeders, etcetera. The basic knowledge of catfish farming is very important. It is also advisable that you learn from an experienced fish farmer. You also start to obtain the capital needed for your business. The amount needed depends on the scale you ...
Fish Farming Business The business of catfish farming After rearing your fish, your next most important motive becomes sourcing for buyers for your fish. There are many places that you can sell your fish considering that fish farming is in high demand- market women, restaurants, eateries, and etcetera. Apart from selling your catfish directly, there are other businesses that are attached to catfish farming that you can use as a supplementary business. These other businesses can fetch you an extra source of income, and make you an authority in the field of catfish farming, but before that, it is very important that you must have known the onion of catfish farming. Below highlight that will guide you in marketing your catfish 1. Do not stock more than your financial capacity that you are forced to sell when it is not due. 2. Start looking for buyers immediately you notice that your fishes are beginning to get matur...
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