Business Planning and Technical Assistance
Business planning is at the heart of the Community Development Partnership's (CDP) work with our fishermen. Producing a solid business plan is now a requirement for fishermen applying to lease fish quota from the Trust, or to participate in our microloan or revolving loan programs. It's a step that helps fishermen identify both strengths and weaknesses in their business models and get technical assistance matched to their particular enterprises.
Plus, with a viable business plan in hand, fishing entrepreneurs may seek financing and credit from any one of a number of Cape Cod lenders. That, in turn, fuels healthy evolution for the fishing community: As businesses mature and gain improved access to capital, new entrants can benefit from the CDP's lending programs.
Beyond business planning, the CDP provides guidance to fishermen on subjects ranging from managing cash flow to working with lenders, and from securing health insurance to planning for retirement—approaches and tools that are relevant to entrepreneurial fishermen at all stages in their careers.