FishBiz HomeStart Your Business Step 1: Explore Your Options Step 2: Determine Your Fishery’s Value Step 3: Will It Pencil Out? Step 4: Financing Step 5: Planning for Success Step 6: Annual Money MattersManage Your Business Costs and Your Bottom Line Financial Statements Fish Ticket Manager Risk Management Lowering Fuel CostsGrow and Diversify Updating Your Business Plan Financing Diversification Business Structures Direct Marketing IFQ CalculatorPlan an Exit Strategy Looking Ahead Creating a Will Initiating Permit or Quota SalesFisheries ExplorerDocumentsPodcastsOther ResourcesAbout FishBiz Updating Your Business Plan When thinking about expanding your fishing operation (i.e. buying a new vessel, permit or additional quota, or direct marketing), take the time to think through all implications carefully. Writing or revising your business plan is one of the best ways to do this. FishBiz Plan The University of Minnesota, in conjunction with Sea Grant programs from around the country, created FishBizPlan, an online tool that takes you step-by-step through the process of writing a business plan. Examples and categories used in this tool are geared specifically for commercial fishermen. Included are extensive video tutorials on creating and using financial statement spreadsheets. You can use this tool to generate balance sheets and cash flow analyses, along with a complete written business plan.