Coronavirus (COVID-19) update: We are currently updating information following recent Queensland and Australian Government announcements. Find assistance and support for coronavirus affected businesses and industries.

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.

Getting finance

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.

Also consider...

Contact

General enquiries 13 25 23