Recently, I worked with an 84 year old lobsterman to put together a business plan. This gentleman lives on a small island off the coast of Portland Maine – population 363 . Here’s a synopsis of his plan in his own words.

Plan Summary - Sixty years ago I could have written a super business plan. Today my plan is simple – each year I’ll haul fewer traps and try to catch more lobsters per trap.

Goals- My goal at first was to make money to care for my growing family. A score or so years later I strived to be the best lobsterman ever. After many years as a ‘high liner’ I probably came close. Maybe I even made it. Now at 84 years what I hope I’ve accomplished is the respect of the other fishermen.