Careful management is essential for the success of any aquaculture business. Developing a structured business plan is vital towards achieving this goal. A business plan begins with the development of specific short- and long-term goals for the business. It is the future of the business on paper which tests dreams against expected challenges and opportunities. Essential components of sound business plan will include 1) description of the proposed business and production practice, 2) marketing plan, 3) financial analysis, and 4) resume of borrower for the lending institutions. The owner/manager should take time each year to do a careful assessment of the past year's performance, determine which goals were achieved, and identify the factors that contributed to the accomplishments and deficiencies of the business, while laying out new goals for the upcoming year. While financial management is a complex topic, a sound business plan will provide the financial position of the business. Careful monitoring and assessment of business goals throughout the year will maximize the chances of the business being successful.