The business of catfish farming is to bring into being fish to supply your catfish market at a viable price and to make a profit after you have taken into account all the amounts you spent on raising the fish, paying the staff, edifice the farm, the pond and transporting the fish to the market etc.
If you are able to sell your product for more than the total cost it took you to produce the fish, you have a viable business.
There are 5 key parameters that help determine your level of production and how well you do as a fish farmer and how lucrative your business is likely to be.
If you know what these key factors are and you look out for them and manage them well in your fish farming business, you are quarantined of having a successful fish farming production.
What are these key parameters that help determine your profitability in the catfish business?
The key parameters that help determine your level of production and success in the catfish farming industry are:
1). the value of water in your fish pond and how well you manage it
2). the value and quantity of the feed you feed your fish and how well you manage it
3). the quality of the fish you stock in your pond.
4). How well you are able to manage the Fish farm
5). your understanding of the market.
Understanding these key parameters are the first steps towards becoming successful in the catfish farming business.
Now that you know what they are, your level of success in producing your own catfish depends on how well you manage these factors
How well would you say you are currently managing these key factors on your own fish farm?
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