why you need a catfish business plan
Your chances of success in your catfish farming business is dependent on many factors, you need funding to start, you can start with your own capital but many fish farmers are struggling with finances hence the need for outside funding. No bank will agree to provide loan and no reasonable investor will invest his or money money in your business if you don’t do your homework well and this is where a business plan comes in. Funding is critical to the success of your fish farming business and if you don’t have money to start, you can get funding from government agencies, commercial banks and investors but you need a business plan to show how you will be running your business, including the profit potential and return on investment.
Another important reason why you need business plan to figure out how to market your business. People will not buy what they don’t know and with a good business plan you are able to create an effective marketing strategy for your business.