Well, like any business venture, do the math.
Chartering means investing hundreds of thousands of dollars so that you can spend thousands getting ready so that you can work 7 days a week, 24 hrs a day trying to make hundreds in profit (after all expenses) while having millions of dollars of liability.
You need to ask yourself how much you mind scrapping toxic boat bottoms, unclogging heads stuffed with diarrhea, spending long days at the helm
and telling the same stories to people who want to soak up everything you can give them for their money's worth.
Do some market research
. Most successful charter
operations are either at the very low end, with very low cost boats. Or the very very high end.
Most successful charter
operators are the ones offering bare boat charters, using someone else's boat and someone else's money
to maintain it. Or the local booze cruise
operators that try to get in 2-3 booze cruises a day and then a booze sunset cruise
And then there is the liability. And no...your insurance
company will not shield you from liability when you are the capt.
Do a spreadsheet and show yourself how you will make money
. And...don't forget..the cost of fuel
is rising rapidly. As is insurance
and dockage. Make sure you do a cash flow analysis to account for the sunk costs of the boat, expensive insurance, upgrades, maintenance
, dockage and your capt license
. Account for the cost of that money against what else that money could be invested in.
A better idea: put money away to budget
for some period of time for yourself. Buy a reasonably priced, 38-40ft sailboat, equipped and in turn key condition. Go cruising. While cruising, think about what you want to do next. When you return, live on the boat. Think about what your value added is and then find an opportunity that allows you to work online from anywhere. Enjoy life every minute.
Hope this helps. Best of luck.