Guide To Avoiding Failure In Fish Farming

Today, many fish farmers fail because they lack the foresight to make the necessary changes at the right time. You must be able to manage your business and move it from one stage to the next in order to build wealth and sustainably run a profitable fish farming operation. This post will discuss the reasons why many fish farmers fail without jamb runs.

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1. Manage farms remotely or by telephone
Manage farms remotely or by telephone: No direct involvement with production and management.

2. Poor Farm Location
Poor Farm Location: This could be in an area with poor water supply or poor soils for construction (e.g. could be far from markets and/or supply or maybe rocky.

3. Wrong business move
Increase the profits and yields of a business to solve low profit and yield problems: It’s a bad business move to expand an insolvent business without first identifying the reasons for the failure and then correcting them holding Waec Runs 2023.

4. Incorrect and irregular feeding

5. Don’t hire the right people
Don’t hire the right people: Hire the right people. It is dangerous to employ family members that are not passionate about learning fish farming techniques.

Incorrect and irregular feeding: This can be a complete lack of knowledge or feeding of fish to lower costs by using cheaper feeds. Many farmers don’t feed their fish, believing that fish will grow in the same amount of time as they live in the water. They don’t realize that best performance is achieved when the fish are fed a balanced diet. The feed must be easy to digest and palatable. The correct quality feed should be given to fish.

6. Poor farm design and facility design
Poor farm design and facility design: If ponds aren’t compacted correctly, they can leak a lot and cause a lot of problems. This causes high construction and maintenance costs and low yields. Poor access to ponds can make it difficult for workers to move fish from one pond to another.

7. Insufficient Marketing Strategy
Insufficient Marketing Strategy: Most farmers start looking for markets for their fish once they are ready to sell. Because they are still eating, the pond reaches its maximum limit, and the fish stop growing. The profit margin is smaller the longer fish remain in the pond once they stop growing.

8. Don’t keep a proper record of performance
Inability to keep a proper record of performance and re-adjust management procedures accordingly after each cycle. Farmers cannot, therefore, tell if they have made a profit. A farmer cannot make a profit if they have money after a sale. Many farmers don’t want to keep track of their sales because they fear facing the hard truth of losing money. If one doesn’t face the harsh truth and make changes in his/her management, the business will soon collapse.

9. Poor Investment Strategy:
Poor Investment Strategy: Many farmers believe that in order to become a successful commercial fish farmer, one must own several large ponds. They build many ponds simultaneously, which limits their cash flow. Some farmers may take longer to get started or only be able to afford one pond after making all their investments.