Thinking about starting my own company
Aug 10, 2009 | 06:47 PM
#21
Made in South Korea
Joined: Jun 2005
Posts: 2,811
Likes: 0
From: Sacramento
Can you build be a Canadian Guide Boat? There is a lot of money right now in taking inboards out and putting on outboards. You get way better mileage and easier salt water maintenance.
This is what I want, ruffly $45,000 and there are only 4-5 companies doing it!
This is what I want, ruffly $45,000 and there are only 4-5 companies doing it!
Aug 10, 2009 | 06:53 PM
#22
How much do you really know about boats? How much do you really know about working on motors, vehicles, general handy work?
I ask these questions, because you're thinking about starting a business. That means people are going to have to be willing to pay you thousands of dollars for your product and trust that it be reliable and much more importantly safe.
You are 17 and ambitious that's a great thing, but at 17 the odds are already against you. I'm only 4 years older than you, but those have been a big 4 years. Strangers who would be your potential clients are going to have to be willing to trust their lives in your hands.
I think right now you just have a dream you are getting carried away with. If one of your priorities is designing the sticker for it, then you aren't in the mindset to open up a company.
Try and buy a boat, work on fixing it up for fun and personal use, then sell it if it's safe and reliable. Then keep continuing that process and see if that's how you want to spend the rest of your life working.
I ask these questions, because you're thinking about starting a business. That means people are going to have to be willing to pay you thousands of dollars for your product and trust that it be reliable and much more importantly safe.
You are 17 and ambitious that's a great thing, but at 17 the odds are already against you. I'm only 4 years older than you, but those have been a big 4 years. Strangers who would be your potential clients are going to have to be willing to trust their lives in your hands.
I think right now you just have a dream you are getting carried away with. If one of your priorities is designing the sticker for it, then you aren't in the mindset to open up a company.
Try and buy a boat, work on fixing it up for fun and personal use, then sell it if it's safe and reliable. Then keep continuing that process and see if that's how you want to spend the rest of your life working.
4 year NY boat captain
2 year sunsation 288 ssr 525 whippled race boat driver
So far 4 years CAD training.
And alot more coming,
If i were to look at myself i would see a kid that knows what he's talking about but has a lot more to learn about how things work. I still got a LONG way to go before this thing even comes close to becoming a company. I still got 4 years of learning how to sell these things and another 4 years of how to build them. i dont expect to rolling out 100 boats a year within the next 6 months, not even the next 6 years. What i do see coming soon though is a person that took a old boat, brought it back to new with a great power plant put behind it. Keep in mind im not the only one in this. I have 2 mechanics and a towing company ready when i am. I can say that i can get my hands dirty when it comes to the power train of these boats but where i belong in this company is behind the desk designing and selling, and behind the wheel showing people what this company can produce.
Aug 10, 2009 | 06:57 PM
#23
But i have played with the idea of using outboards. Mercury Verados are the best ive seen yet. If i were to bring back a boat that previously had outboards then yes i would use the verados but if the boat had an I/O then the conversion can be risky considering you have to fill a giant hole were the drive used to be. The hull design changes completely
Aug 10, 2009 | 07:06 PM
#24
Joined: Apr 2004
Posts: 16,820
Likes: 2
From: In a van DOWN BY THE RIVER
Hull design doesn't change that much.. Glass the hole up, bolt a gill bracket on it, while your at at raise the X dimension up(fro a lil more speed) and roll with it
Aug 10, 2009 | 11:28 PM
#26
Well if i were to print out a resume right now it would be
4 year NY boat captain
2 year sunsation 288 ssr 525 whippled race boat driver
So far 4 years CAD training.
And alot more coming,
If i were to look at myself i would see a kid that knows what he's talking about but has a lot more to learn about how things work. I still got a LONG way to go before this thing even comes close to becoming a company. I still got 4 years of learning how to sell these things and another 4 years of how to build them. i dont expect to rolling out 100 boats a year within the next 6 months, not even the next 6 years. What i do see coming soon though is a person that took a old boat, brought it back to new with a great power plant put behind it. Keep in mind im not the only one in this. I have 2 mechanics and a towing company ready when i am. I can say that i can get my hands dirty when it comes to the power train of these boats but where i belong in this company is behind the desk designing and selling, and behind the wheel showing people what this company can produce.
4 year NY boat captain
2 year sunsation 288 ssr 525 whippled race boat driver
So far 4 years CAD training.
And alot more coming,
If i were to look at myself i would see a kid that knows what he's talking about but has a lot more to learn about how things work. I still got a LONG way to go before this thing even comes close to becoming a company. I still got 4 years of learning how to sell these things and another 4 years of how to build them. i dont expect to rolling out 100 boats a year within the next 6 months, not even the next 6 years. What i do see coming soon though is a person that took a old boat, brought it back to new with a great power plant put behind it. Keep in mind im not the only one in this. I have 2 mechanics and a towing company ready when i am. I can say that i can get my hands dirty when it comes to the power train of these boats but where i belong in this company is behind the desk designing and selling, and behind the wheel showing people what this company can produce.
You are talking about starting your own business man. Do you know anything about running a business?
With the economy the way it is, you better have a sure thing idea or it's not going to last. I bet you aren't even out of high school yet, have you even taken a basic business course yet? Do you even know how to fill in a 1040ez?
I'm not here to bash your ideas, I'm trying to be the voice of reason. I can see it's something you want to do, but like I said, start small. Build a boat for yourself and then sell it when you're satisfied with it. You are dealing with other people's lives that could potentially sue you and your family(if you're still a dependent) if you screw something up.
Aug 10, 2009 | 11:43 PM
#27
None of that says you know anything about building and selling boats though. It established a bit of creditability, but not at selling boats.
You are talking about starting your own business man. Do you know anything about running a business?
With the economy the way it is, you better have a sure thing idea or it's not going to last. I bet you aren't even out of high school yet, have you even taken a basic business course yet? Do you even know how to fill in a 1040ez?
I'm not here to bash your ideas, I'm trying to be the voice of reason. I can see it's something you want to do, but like I said, start small. Build a boat for yourself and then sell it when you're satisfied with it. You are dealing with other people's lives that could potentially sue you and your family(if you're still a dependent) if you screw something up.
You are talking about starting your own business man. Do you know anything about running a business?
With the economy the way it is, you better have a sure thing idea or it's not going to last. I bet you aren't even out of high school yet, have you even taken a basic business course yet? Do you even know how to fill in a 1040ez?
I'm not here to bash your ideas, I'm trying to be the voice of reason. I can see it's something you want to do, but like I said, start small. Build a boat for yourself and then sell it when you're satisfied with it. You are dealing with other people's lives that could potentially sue you and your family(if you're still a dependent) if you screw something up.
Last edited by Aquinosteven; Aug 10, 2009 at 11:56 PM.
Aug 11, 2009 | 03:36 AM
#28
i just got done watching a show on history called pawn stars.
the owner of the pawn shop will not touch a boat, but his son buys one to resell.
if you can get that show to come up on history or hulu, it is, pawn stars sink or sell,
if this does not give you an idea about the boat market.
the owner of the pawn shop will not touch a boat, but his son buys one to resell.
if you can get that show to come up on history or hulu, it is, pawn stars sink or sell,
if this does not give you an idea about the boat market.
Aug 11, 2009 | 03:44 AM
#29
GFYS and STFU
iTrader: (8)
Joined: Jan 2007
Posts: 13,870
Likes: 4
From: Here and sometimes there too.
I'd say go for it but make a business plan before you spend a cent on anything else. What is it like 85% of all small business fail withing on year of opening. And 95% of those did not have a business plan. Think about it.
Aug 11, 2009 | 08:07 AM
#30
yeah i have already found a possible hull for pretty cheap but i still gotta price out the motor and other parts. Then i gotta see what they sell for used to see where to cut the budget off at. Im thinking that this boat will cost me about 25,000-30,000 hopefully sell at the same price or more.
