An increasing number of Zimbabweans are venturing into tilapia fish farming business. Fish farming business is a very profitable business to operate in Zimbabwe. The demand for fish is increasing. People want to try a different type of meat which is not chicken, beef or pork. Tilapia fish is commonly known as “Bream” and this is the most consumed type of fish in Zimbabwe, followed by the Trout.
Before you start the tilapia fish farming business, you have to decide how many fish you want to keep, where you are going keep them, and your target market. The number of fish you keep will depend on the amount of land and capital you have, and also the size of your target market. You should always carry out a feasibility study, market research and write a business plan before you venture into any business. Do not make the mistake of starting thw aquaculture business or any other business just because someone is doing it and he/she says it’s profitable. This article will explain how to start a tilapia fish farming business in Zimbabwe, and the tilapia fish farming business plan.
What you need
Land, Ponds And Equipment
You require land for tilapia fish farming. A large enough area must be available for construction of the necessary ponds. When you are evaluating and selecting sites for your fishponds, you should take into consideration some physical factors which include the land area, the water supply, and the soil type.
To be successful in fish farming, you must properly design your ponds and pond systems. If your ponds are not properly designed, you will have several problems which include ponds that cannot hold water; ponds that cannot be drained completely (which leads to incomplete harvests thus poor production in future production cycles), ponds that break up etc. You should take several factors into consideration before constructing your pond, which include: source of the water which will be used to fill the pond; type of soil available for constructing the fish pond; size, shape, and depth of the pond. Your fish pond should be drainable, and should have a controlled inlet and outlet. Swimming pools can also be converted into fish ponds, and this is what some fish farmers in urban areas are doing.
There is need for a good water supply at your fish farm. It is advisable to use borehole water for the fish pond as it is safer for the fish as compared to the Zimbabwe tap water. You may also require pond heaters for maintaining the right temperature during the winter, pond filters for filtering the pond water, fishing nets for harvesting the fish, and a refrigerator for storing the harvested fish.
It’s easier to start fish farming for meat production using fingerlings. Fingerlings refers to fish that has reached the stage where the fins can be extended and where scales have started developing throughout the body. In this stage, the fish is typically about the size of a finger. There are many fingerlings suppliers in Zimbabwe. You can either start with males-only fingerlings or mixed-sex fingerlings. Males-only fingerlings are used if you are keeping fish for the sole purpose of meat production. Mixed-sex fingerlings are used if you want also to breed fish, i.e. the fish will be mating and producing eggs which you can raise to full grown fish, or you can raise to the fingerling stage and sell the fingerlings. Purchase your fingerlings from fish farmers who have a good reputation in the fish farming business. The quality of the fingerlings will have an impact on the growth potential of your fish and the success of your business.
Feed for the Fish
You require feed for your fish to grow healthy. Fish feed can be in the form of crumble or pellets. Commercial fish feeds are now available in Zimbabwe. However, to increase your profitability you should reduce the cost of feed. This is done by supplementing the commercial fish feed by manure or fertilizers. Fertilizers/Manure is used in ponds to increase the production of the natural food organisms to be eaten by the fish. These organisms include zooplankton, phytoplankton, and insects. Fertilizers/Manure increase the availability of major nutrients, thus promoting the development of planktonic algae, which provide food for the fish. The popular type of manure used by Fish farmers in Zimbabwe is chicken and piggery manure.
Capital for Tilapia Fish Farming Business
You will need money for constructing the ponds, buying the fingerlings, buying the feeds e.t.c. So the scale of your tilapia fish farming project will also depend on the amount of capital you have. That is why it is essential for you to have a tilapia fish farming business plan before you venture into the fish farming business, so that you know all the costs involved and you make an informed decision. The capital you need will depend on the scale of your fish farming business.
Market for Fish
The demand for fish is high in Zimbabwe. The annual demand for fish in Zimbabwe is estimated to be 40 000 tonnes per annum. The most consumed fish species in Zimbabwe is the tilapia, followed by the trout. Fish is a low-fat high quality protein. Fish is filled with omega-3 fatty acids and vitamins, its rich in calcium and phosphorus and a great source of minerals, such as iron, zinc, iodine, magnesium, and potassium. Fish tastes good and many people love it. You can supply your fish to individuals, restaurants, hotels, supermarkets and butcheries.
Pre-Written Tilapia Fish Farming Business Plan (PDF, Word And Excel): Comprehensive Version, Short Bank Loan Version, Automated Excel Financial Statements
For an in-depth analysis of the tilapia fish farming business in Zimbabwe, purchase our fish farming business plan. We decided to introduce the business plans after noting that many Zimbabweans were venturing into the fish production business without a full understanding of the industry, market, how to run the business, the risks involved, profitability of the business and the costs involved, leading to a high failure rate of their businesses.
Our business plan will make it easier for you to launch and run a tilapia fish farming business successfully, fully knowing what you are going into, and what’s needed to succeed in the business. It will be easier to plan and budget as the tilapia fish farming business plan will lay out all the costs involved in setting up and running the fish farming business. The business plan is designed uniquely for the Zimbabwean market.
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Uses of the Tilapia Fish Farming Business Plan (PDF, Word And Excel)
The fish farming business plan can be used for many purposes including:
- Raising capital from investors/friends/relatives
- Applying for a bank loan
- Start-up guide to launch your tilapia farming business
- As a fish farming project proposal
- Assessing profitability of the tilapia fish business
- Finding a business partner
- Assessing the initial start-up costs so that you know how much to save
- Manual for current business owners to help in business and strategy formulation
Contents of the Fish Farming Business Plan (PDF, Word And Excel)
The business plan includes, but not limited to:
- Market Analysis
- Industry Analysis
- Automated Financial Statements (monthly cash flow projections, income statements, cash flow statements, balance sheets, break even analysis, loan repayment calculations, start-up costs)
- Marketing Strategy
- Risk Analysis
- SWOT & PEST Analysis
- Operational Requirements (e.g. Pond designing, feed required e.t.c.)
- Management of Fish
- Operational Strategy
- Why some Zimbabweans in tilapia fish farming business fail, so that you can avoid their mistakes
- Ways to raise capital to start your fish farming business in Zimbabwe
The tilapia fish production business plan includes technical aspects of how to keep and to take care of the fish. It also includes a mini-directory with contacts which will prove to be helpful in launching and running your fish farming business. E.g. We will provide the contact details of the companies that produce feeds, fingerlings e.t.c.
The Pre-written Tilapia Fish farming business plan package consist of 5 files
- Tilapia Fish Farming Business Plan – PDF file (Comprehensive – 92 pages)
- Tilapia Fish Farming Business Plan – Editable Word File (Comprehensive – 92 pages)
- Tilapia Fish Farming Business Plan Bank Version – Editable Word File (Short version for applying for a loan – 40 pages)
- Tilapia Fish Farming Business Plan Automated Financial Statements – (Editable Excel file)
- Tilapia Fish Farming Business Plan Automated Financial Statements (USD Financials Version) – (Editable Excel file)
Business plan last updated in August 2020.
The financial statements are automated. This implies that you can change eg number of ponds, fish price per KG etc, and all the other financial statements will automatically adjust to reflect the change.
Get the Tilapia Fish Farming Business Plan (PDF, Word And Excel)
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