welcome aboard Phil,
Something that has always worked for me.. and I've owned a number of business's
To find out how they are run and what your expected return would be, go to work for a charter
company for a few months.. you learn the business while getting paid and can pick through the problem areas that an owner might not see.
You can design your business bases off the way they run there's..
A good example is a business a good friend of mine started.. He owns a charter
business and rents out boats in San Francisco
.. after checking out another business he found the main drawback was owning boats himself, buying
a fleet, and selling them when they hit the point of 3 to 4 years old..
Came up with a brainstorm..... He offered people, to pay for their boat, must be a new boat, and he would make the payments for 5 years, including slip rent.. so If you bought a new boat, based on what he was looking for, he would make all the payments and the boat would cost you as the owner nothing, nada, no money
and you had the oppertunity to use the boat whenever you wished by calling ahead and reserving it..
He rented out the boat for more than it cost to pay for it.. a win-win situation if you didnt mind someone using your boat. The result was for him.. he owns nothing and only keeps track of whats comming and going and keeps the paperwork in order..
The people renting
it have to provide insurance
on it in case of damage so all he does is collect money
He learned this by working for another charter company, and at the present, has about 10 boats in his fleet..
My business is another story... I worked part-time in a canvas
shop to learn the trade
.. We now own Stitches-n-Snaps... And even to the point where we set up the business.. in an upper-end marina... so the public here thinks to start with, if we opperate in this marina area, we must be backed by the marina themselves..
We've been in business for 8 months here and we're setting apps. for the month of March to get your work done.. Not bad for our first year..