The Seafood Business Proposal provided by the Naoero Emor Limited is focused on providing premium-quality salted, dried fish to local people while maintaining adequate conservation methods. The point of the proposal is to encourage the establishment of the company to promote local business and retain traditional methods. In order to present the main principles of the company’s functioning, a report has been compiled based on primary and secondary research.
The business idea is centered on the traditional Nauru methods of drying highly salted fish in the sun. Flying fish will be used for the procedure and then tightly sealed in clean boxes to be securely transported to the local markets. It is presumed that the product will be a successful business idea as it proves a common meal or side dish. In terms of any health precautions, the consumption of fish should be limited in infants and throughout three-course meals.
Moreover, Naoero Emor Limited has recorded minimal competition due to its original incorporation of the flying fish as the raw product. Local support is guaranteed as the company collaborates with local fishers and marketers. It is crucial to assess the fishers prior to their hiring to ensure their professional capabilities. Although the company is currently small-scale, the business proposal involves the future implementation of advanced technologies and product transportation to neighboring countries. Currently, the location of the processing plant allows for safe and ecological flying fish purchases.
From an economic perspective, the main goal of the organization is to allow local people to purchase affordable salted dried fish. Over time, the prospects of modifying the price list can be reviewed with increased sales and a stable economy in the state. The equipment and tools necessary have been calculated to ensure proper financial management. Although potential biological, physical, and chemical risks have been highlighted, the educational background of the company’s employees guarantees sustainability and efficient management of any arising issues.