Business management for small-scale fishermen: a program in St. Kitts, West Indies

Abstract

Details are given of a program in small-business management developed for local fishermen in St. Kitts to improve their ability to operate a small fishing business. The foundation of the training was a recordkeeping system developed through observations of the fishing activity with the assistance of the fishermen and fishing officers. Using this recordkeeping as a baseline, 3 fundamental financial management methods were presented: budgetting, cash flow analysis and net worth statement.