Thursday, May 22, 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.

You start up everything, you need necessary license and permits, insurance, and of course a boat. You should also have proper knowledge on areas that are good for fishing so that you can cope up with the expectations of your clients during their travel.

You must obtain a coast guard license to have a legal operation in the area. Apply for a local business license in the office in your place. Another important thing is applying for the tax license to accept revenues from the customers. You must obtain an employer identification number that is provided by the revenue service.

You must buy a boat that has at least 25 feet to accommodate a capacity of more than six people in the boat. You must select the boat that is in god condition and function. Aside from it, you must prepare necessary things like life preservers and first aid kit for any situation that will arise while on the trip. This is usually a requirement by most fishing companies.

A license from the fish and wildlife department is also important to have a legal fishing in the area. You should pay the fees for the license quarterly or yearly to maintain its effectiveness. This is important so that you will have a continuous legal operation.

You must register or enroll your trading in an insurance provider. This is to protect your whole business in case there are events such as accidents or injuries during the travel. This insurance normally has the coverage for the overall liability for the property and the compensation of workers.

You can also advertise through magazines, online or newspapers. This is a form of marketing strategies so that everyone will be aware of what service do you offer. This will also attract local tourist to try the trip. You can also create your own website so that you can post images and other major and minor information to the public.

As the owner, you should have equipments that are available in your boat. These should be maintained and well cleaned. You must have the knowledge on the proper operation for each equipment. Before accepting and operating your trade, make sure that everything is prepared and ready.

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:



No comments: