When talking to young fishermen about their fishing operations, and what they most need to make them run, the conversation often lands on money. Investment capital. How to get it, and how to manage it. Starting even a modest fishing business can be expensive, and so are the risks we take in trying to make that business successful. Any fisherman can tell you, these realities don't have an age limit.
For those of you in Sitka, a great stop the first week in March is the Spring Fishermen's Expo, hosted by the Alaska Longline Fishermen's Association. They've packed several great opportunities into the two-day event, but a key highlight for young fishermen — and anyone wanting to brush up on their fishing finance knowledge — is the 12:30 p.m. Financial Skills for Fishermen workshop on Thursday the 2nd at the Sitka Sound Science Center. Attendees will hear from experts on funding opportunities and accounting for fishing businesses, and have the opportunity to ask questions.
If you're interested in hosting a similar event in your community, or would like us to feature one on this site, contact Network Coordinator Hannah Heimbuch at firstname.lastname@example.org. The Network aims to connect people to opportunities like this one, and support young fishermen in creating their own.
Don't forget some of the other great resources out there for business planning, including Alaska Sea Grant's FishBiz site. This excellent online tool can help you develop your business plan and the successful future of your operation. Also from Alaska Sea Grant, check out this great resources page for other helpful links to financial information and best business practices.