Thorough prior planning is therefore a must before any investment is made. Planning involves a detailed evaluation of the biological, economic, and socio-legal feasibility of production. Remember that economic considerations are as important as biological considerations in aquaculture. Socio-legal issues are potentially capable of limiting or even making it completely impossible to undertake aquaculture production.
It is essential to ascertain that the business concept is sound. Ask whether:
- There are adequate and profitable markets for proposed product(s)
- You have a suitable site for the proposed production
- You have enough resources to meet the projected targets
- The financial projections are realistic, robust and consistent
- You have…
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