Planning for your aquaculture business
Developing a business plan
Operating a successful aquaculture business requires more than an ability to grow and harvest product. A comprehensive business plan will help you manage the business side of the operation and should include the following information:
- business structure
- financial forecasts
- marketing plan
- operating plan
- management and personnel details.
Aquaculture businesses need to ensure that they have enough cash flow to manage the seasonal fluctuations in aquaculture production. Given the nature of the business, most companies generally take a conservative approach in projecting their revenues during the first few years. They also develop comprehensive risk management plans.
Major aquaculture projects will require comprehensive business plans to meet the requirements of equity and loan financiers. Your business adviser can help you learn more about applying for funding and the different financing options available to your business.
- Find out about selecting a site and establishing a freshwater aquaculture business.
- Use our business planning resources to help develop your business plan.