Devising a fishery management plan can be intimidating because of the diversity of issues, incomplete information, and criticism from many quarters. Here, fishery managers and scientists are encouraged to anticipate problems and to set an agenda for solving them. A guide to problems presented by developing fisheries and the order to address them are organized into four phases. In Phase I, fishers are given the opportunity to demonstrate commercial viability with a minimum of interference. In Phase II, the extent of the resource is mapped, gear-related regulations are developed, and fishers begin assuming responsibility for management decisions. In Phase III, basic biological studies are carried out, long-term management targets are set, and monitoring and regulation to achieve the targets are put into place. The fishing-down period should be extended until the long-term management plan is in place. This avoids having to pay for overfishing by underfishing. The challenge of Phase IV is staying the course laid out.