Start Your Business
Step 1: Explore your options
Alaska waters are home to a wide variety of state and federally managed fisheries. Some of these fisheries could represent opportunities for your business. Take a look around using our updated map.
Step 2: Determine your fishery's value
Before spending your money on a new permit, or upgrading your boat, get some background information on the current and historical value of the fishery you'll be participating in.
Step 3: Will it "pencil out?"
Once you've done your background research, "pencil out" your predicted operating and start up costs against different income projections with a spreadsheet tool designed specifically for Alaska commercial fishermen.
Step 4: Financing
Once you have made realistic estimates of potential earnings and fixed and variable costs of your fishing business, you are ready to look for financing.
Step 5: Planning for success
Business plans: most lenders require them and all good fishing businesses should have one. It can help you take a big-picture look at your operation and make sure you are moving towards your goals. Check out business planning software specifically designed for commercial fishing operations.
Step 6: Annual money matters
Your long-term success depends on accurately tracking and managing your profits and losses each season. Think of it as part of your annual maintenance.