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Starting Your Own Charter Fishing Business

By Marci Glover


When you are thinking of having a business, make sure that you will engage in the things you want to do. It is better to engage in the field wherein there is a self satisfaction and a contentment. If you are a water lover and loves to fish, it is better to engage in an Islamorada charter fishing business. However, starting is not easy because you need to have lots of preparations.

You must start obtaining the necessary documents and papers. You should purchase a boat, obtain permits and insurances. You must be properly geared with knowledge and skills in managing your business to pleased your customers during their trip.

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 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.




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