Augusta
VIP Contributor
Just like other farming businesses, fish farming comes with its Challenges which you need to know about it right from start and devise means of resolving when you are faced with them.
So what are the challenges you would be facing with fish farming business
High competition with organic fish farmers
You would be faced with stiff competition from fish sellers that gets their fishes from rivers, lakes and oceans. They truth is that their fishes would be a lot cheaper as they do nothing other than harvesting the fish from the sea unlike the ones tended to in the pond.
No other by-products from fish
Fish is all you get, there is no any by-product to sell or earn money. So no extra way of earning apart from selling the fish.
High capital needed
Like earlier stated you would spend more money than sellers that get theirs from the sea or lake.You would need to get different things for starting it.
So what are the challenges you would be facing with fish farming business
High competition with organic fish farmers
You would be faced with stiff competition from fish sellers that gets their fishes from rivers, lakes and oceans. They truth is that their fishes would be a lot cheaper as they do nothing other than harvesting the fish from the sea unlike the ones tended to in the pond.
No other by-products from fish
Fish is all you get, there is no any by-product to sell or earn money. So no extra way of earning apart from selling the fish.
High capital needed
Like earlier stated you would spend more money than sellers that get theirs from the sea or lake.You would need to get different things for starting it.
