The business idea that I would be looking into is the development of a pearl aquaculture and the expertise that will be involved around it. A pearl aquaculture is the farming practice done with the aim of the production of pearls harvested from the grown pearl oysters. This kind of farming takes a long time to fully mature. The key to business success is competition, and due to this the methods that will be involved in this startup will be aimed at maximizing the profit of the business via the use of the technical information needed to learn o how to operate such a farming practice.
Though, the basic methods for this kind of farming activity seem simple, it requires the proper capital investment and maintenance to upkeep or operate the business venture, that is, the pearl farm. This kind of farming is attractive since it is a business venture associated with high value end products, the most commonly greatly valued are the black pearls which are often gotten from the Black-Lip pearl oyster and usually go for a high price depending on the size and quality.
Plan of Action
After the conduction of feasibility study and its conclusion the selection of a suitable site for conveyance of business operations commences. Investing a good amount of money goes a long way in ensuring that there is the constant supply for the high demand of the high quality end product of pearls.
Although, initiating a pearl farm and maintaining its operability for an extended and sufficient time frame to ultimately get a stable return may take one as long as 4-5 years, the long term goals of the business guarantee the returns and earning of reasonable revenue form the transactions of the business.
The operating costs that are major attainment of business location includes the shipping of technical equipment like scuba diva suits, acquisition of other operational material and gadgets for facilitating the commercial enterprise.
The consideration of the farm size and other fixed cost of the boat, the labor needed, the prime location or site with rich nutrients of a spat source for the young pearl oysters, the cost for maintenance, the costs involved in the grafting and hiring of specialized personnel in sea diving and grafting technician, and also the marketing needed to promote the product all amount to expenses that are maintained after the business’ breakeven point of it operation in the market. This business venture has been proven to rack in a lot for revenue income if practiced in a large scale setting.
Business Success and Profitability
One of the principal advantages of this kind on farming is that the final products is usually lightweight and non-perishable, and due to this artificial way of production of pearls have proven to be very profitable in that it requires no preservation or refrigeration and very simple processing. Pearl aquaculture farming is also a well-matched business for people who like operating on the aquatic or marine and enjoy diving, fishing and boating skills. Having the exclusion of the grafting procedure, pearl farming is a fairly simple method of aquaculture since pearl we know that oysters do not need artificial foods, constant attention or complex farm structures.
Additionally, the advantage operating this business venture is that its ecofriendly and acts as a cleaning agent for water where being Filter feeder oysters purify the water and the shellfish farming offers a natural habitat for fish and improves the species variety. Subsequently, it also decreases turbidity thus it improves light infiltration on the water body environment and this ultimately improves water quality via regulating anoxia and nitrification, and this due to the justification that a single oyster has been proven to clear over 15 gallons of water a day, while remaining absorbent to particles as insignificant as to 2 micron which in a small farm exponentially clears millions of gallons of water each day via the accumulation heavy metals from the water, and eliminating dangerous contaminants from the water as well.
This idea would be profitable since one of the top reasons beside one making direct income or revenue earning from this type of farming activity is that the pearl farming supports tourism advancement since the innovation of the pearl farm technology and the usual end material product that is of interest to tourist or those exported to far off countries. All these activities in this industry encourage foreign exchange incomes to the country I live in and successively also creates the potential for an incredible employment for the age group of the youth who provide labor that plays a significant part in the socio-economic growth.
In the scenario of the grafting technician being good and the implementation of good farming practices, it is expected the high quality and marketable pearls will obtain or fetch good prices from the market after a good harvest. The available and profitable markets with ready demands that would facilitate the export of this commodity are Italy, Japan, and Korea who offer a ready customer base.
Conclusively, to reach a reasonable level of revenue generation requires the aptitude to uphold the correct circumstances to cultivate pearl oysters by utilizing decent farming practices. Therefore, to agree whether pearl cultivation is the preeminent way to devote your money and time, it is supportive to associate the projected return from pearl farming with that of other investments.
Jadhav, Ujwala. Aquaculture Technology and Environment. New Delhi: PHI Learning, 2009. Print.
Pullin, Roger S. V, H Rosenthal, and J L. Maclean. Environment and Aquaculture in Developing Countries. Manila, Philippines: International Center for Living Aquatic Resources Management, 1993. Print.
Haws, Maria C. The Basics of Pearl Farming: A Layman's Manual. Waimanalo, Hawaii: Center for Tropical and Subtropical Aquaculture, 2002. Print.
Gervis, M H, and Neil A. Sims. The Biology and Culture of Pearl Oysters (bivalvia Pteriidae). London, England: Overseas Development Administration of the United Kingdom, 1992. Print.