starting a business

Discussion in 'All Things Boats & Boating' started by DarlingYachts, May 8, 2010.

  1. Ike
    Joined: Apr 2006
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    Location: Washington

    Ike Senior Member

    I would suggest that if you have the money to do this (right now is not a good time to be borrowing money, especially to be investing in boat manufacturing) you invest it in an existing company as an active partner and learn the business. All the rude jokes above are from people who know that this is one of the most difficult markets in the world to break into. The upfront costs are enormous and it takes years to break even. The only saving grace is that the luxury yacht business was less affected by the recession than the rest of the recreational boat biz. But you have to have:

    Tons of money
    A good design by a well known designer (spell that money)
    environmental impact assessments galore
    permits from everybody
    An experienced staff and work force.
    A huge and expensive marketing campaign.
    Lots of luck
    And did I mention tons of money

    Starting a company and building on speculation is extremely risky. You are an unknown. Many of these companies were started by people who had been around the industry a long time, had established a reputation, and were a known quantity. Most had backers and buyers interested simply on the strength of their reputation. Who is going to give you 50 mil to build a yacht for them, seriously, when they can go to someone who has a good reputation and they know what they are getting?

    You have none of this. that's reality. You would be starting from zero.

    Again, learn the business first.
     
  2. RHP
    Joined: Nov 2005
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    Location: Singapore

    RHP Senior Member

    Why did they build a wall under the train? This is why trains are always late.
     
  3. hoytedow
    Joined: Sep 2009
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    Location: Control Group

    hoytedow Carbon Based Life Form

    How many millions make a brazzilion? That's a lot of wax! Did the loco jump or was it pushed? Did you mean conestoga wagon or prairie schooner?

    http://en.wikipedia.org/wiki/Covered_wagon
    http://en.wikipedia.org/wiki/Conestoga_wagon
    http://history1800s.about.com/od/1800sglossary/g/praire-schooner-def.htm
     
  4. horacewimm
    Joined: Feb 2011
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    Location: UK

    horacewimm Junior Member

    I have an island you can buy.. If you western Union me £1,000,000 I will give you coordinates.
     
  5. Lister

    Lister Previous Member

    Do you accept personal check?
    Lister
     
  6. Ike
    Joined: Apr 2006
    Posts: 2,683
    Likes: 484, Points: 83, Legacy Rep: 1669
    Location: Washington

    Ike Senior Member

    I'll wire you the million if you first send me $10,000 USD for handling costs. Cash in small bills please.
     

  7. cthippo
    Joined: Sep 2010
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    Location: Bellingham WA

    cthippo Senior Member

    Amateur :p

    The pros do it by Western Union. And don't tell them it's for a real estate transaction or they'll charge you extra fees.

    Yes, I really had someone try to run that scam on mom. Fortunately she asked me before she did anything.
     
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