Proceedings of the 2nd International Conference of Strategic Issues on Economics, Business and, Education (ICoSIEBE 2021)

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Feasibility Study of Hydroponics as a Home Industry

Authors
Azizul Kholis1, Indra Maipita1, Fitrawaty1, Herkules2, Gaffar Hafiz Sagala1, *, Rangga Restu Prayogo1
1Faculty of Economics, Universitas Negeri Medan
2Faculty of Mathematics and Natural Science
*Corresponding author. Email: hafizsagala@unimed.ac.id
Corresponding Author
Gaffar Hafiz Sagala
Available Online 17 January 2022.
DOI
10.2991/aebmr.k.220104.016How to use a DOI?
Keywords
Hydroponics; Home Industry; Feasibility Study
Abstract

This study aims to analyze the feasibility of a hydroponic business on a home industry scale. This research tries to respond to the rising hydroponic farming system, which allows it to be applied as an alternative to a home business. However, this development is not yet optimal for new entrepreneurs because the investment value is relatively high. Meanwhile, a business feasibility study is needed to justify that the high investment value is commensurate with the profitability generated from the hydroponic business. The feasibility study results indicate that the hydroponic business with a home industry scale has excellent profitability. However, despite having a good return ratio, the income generated is relatively small as the primary income. Therefore, there is a need for continuous development in the hydroponic business to increase the production capacity of the hydroponic system. Furthermore, further studies are needed regarding market acceptance of hydroponic products to ensure the company’s sustainability. Nevertheless, this study has provided empirical evidence that the hydroponic industry has potential and financial benefits as an alternative to starting a home-based business.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 2nd International Conference of Strategic Issues on Economics, Business and, Education (ICoSIEBE 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
17 January 2022
ISBN
10.2991/aebmr.k.220104.016
ISSN
2352-5428
DOI
10.2991/aebmr.k.220104.016How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

risenwbib
TY  - CONF
AU  - Azizul Kholis
AU  - Indra Maipita
AU  - Fitrawaty
AU  - Herkules
AU  - Gaffar Hafiz Sagala
AU  - Rangga Restu Prayogo
PY  - 2022
DA  - 2022/01/17
TI  - Feasibility Study of Hydroponics as a Home Industry
BT  - Proceedings of the 2nd International Conference of Strategic Issues on Economics, Business and, Education (ICoSIEBE 2021)
PB  - Atlantis Press
SP  - 109
EP  - 112
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220104.016
DO  - 10.2991/aebmr.k.220104.016
ID  - Kholis2022
ER  -