Start Your Business

man in skiff with net

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.

Learn more about your fishery options

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.

Learn more about fishery values

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.

Learn how to make these calculations

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.

Learn how to get financing for your business

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.

Learn how to own and run your business

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.

Learn how to manage money for your business