Friday, May 30, 2014

Starting Your Own Charter Fishing Business

By Marci Glover

Mostly, companies engage in fishing are providing an access to many tourists in an offshore fishing. If you are a person who loves water and outdoor activities, you can start your own business in Islamorada charter fishing. You will not just spending your time with different kinds of people, it is also a start of a successful opportunity in the industry. To start up with your business, you need to have some preparations.

Before anything else, you must prepare the licenses, permits or insurances and a boat. Before venturing in the business, you should be knowledgeable in any point of view about the whole industry. You need to be skillful and smart, so that you can provide an excellent service that your customers are expecting from you.

First thing to do is to secure a coast guard license to have a legitimate operation. Apply for a license in your local business administration office in your place. Apply for a tax license in your state department to accept the revenues from your customers. You should have an employer number that is given by the internal revenue service. You can use the number for the business taxes.

Of course, the boat is important in your business. It is best if your boat has the length of 25 feet with a well functioned engine. This is better for accommodating small groups of people who want to go fishing. You should select a boat that is dependable, especially in any types of water. You should purchase some important gears that are useful, especially in saving your customers lives, such as first aids and life preservers.

You should also get a license from the wildlife department to have a legal fishing condition in the place. You are required to pay the fees for the license every quarter or year to remain active in the operation. Everyone in the boat should have the license.

You should purchase an insurance for your trading for a protection of your property. Any accidents cannot be avoided, so you better prepare for any probability that will occur in the future. This is a protection for your property to be recovered when an accident occurs. The insurance will also take the liability for any property damage and compensation of your workers.

You can have your marketing strategy through advertising the kind of service you are offering in the internet, newspapers and magazines. This is the way to attract many tourists to visit and try the trip. Creating a website is also a great marketing method by posting the photos and some details of the whole service.

Being the owner, you should see to it that you have the availability of equipments in your boat. These should be properly maintained everyday. You should have a knowledge on how to operate and to handle these equipments. See to it that everything is ready for the trip.

Make sure to have a proper pricing for the trip. Do not set the cost that is lower than your overall expenses. Remember that anything is in high costs, that is why you need to mark profit margin. It is still best to have a research and inquire from other fishing companies about their pricing before setting your own pricing. You should know the average pricing that is imposed by the industry.

About the Author:

Leave a Reply