Tuesday, August 19, 2014

Tips On Setting Up Business Boat Rentals In Bermuda

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By Deanne Shepard


For individuals residing near large masses of water, like seas and oceans, there are great businesses opportunities for them. For instance, they can get involved in Boat Rentals in Bermuda. It opens opportunity for one to invest in the sector for persons who like going on cruise ships for vacations. Marine life researchers present themselves as a client base. For it to succeed, there are various requirements for the venture.

Comply with requirements set by the local authority. They have territorial authority over large masses of water in their jurisdiction. They offer guidelines required in starting such businesses hence ensuring their success for example, a captain be provided for each ship or vessel on water. There is room for one to bargain to sail on their own however, this is risky.

Get an operating license from the local authorities in the area. This is done prior to setting up the firm. In most cases, one will be required to pay a certain amount of fee so as to obtain the work permit. The authorities ought to inspect the canoe to ensure that it can sail well. In case you hire equipment or premises, ensure that you have all the necessary lease documents and agreements. Plan early. Preferably, ensure you are ready to operate a month before commencing work.

Select the type of vessels to provide to clients. This can range from big yachts to small canoes to cater for different types of clients. Determining the type of vessel to rent helps in the location of the business as well. This is where vessels will require space for docking. Upon determination of the location, decide on how many vessels will be up for hire.

Once you have finished the selection, purchase the boats. In most cases, they are quite costly. However, some sellers allow bargaining. You can also ask for discounts. You can start with a small fleet and build it as time goes by. Factor in operational costs before establishing the business.

Design different packages with a wide range of feature. These are services to be offered to different clients in the long run. Each feature advertised should be offered to facilitate customer satisfaction at the end of the day. Ensure different charge rates are in place, for example hourly, weekly and monthly rates. This gives room for customers to select one that suits them.

This business involves many risks. That is why it is advisable to have an insurance cover. Make sure that you get the appropriate cover for your firm. In addition, the policy should be from a trusted company. The cover will cater for any accidents that occur as you sail.

Offer additional services to the clients. This is through safety training programs on children and adults. For corporates, signing up for weekend classes is ideal in order to go by different schedules. Instructors start by teaching on safely operating different vessels. With time, teaching can be accompanied with canoe excursions normally for half a day.




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