Making Money with Boats, 2nd Edition

by Fred Edwards

Overview

This second edition is a comprehensive, entertaining guide to mixing boating with business. Leaping ahead of the first edition, this guide keeps up with a boating industry that has become much more regulated and competitive. It shows old salts and newcomers how to transform water-related fun into the pure pleasure of profitability–from starting a business, to accounting and budgeting, insurance, marketing tools, and the business plan. In understandable language, using terms that have excised the legal gobbledygook, it also provides requirements for licensing, documentation and vessel inspection, along with bareboat and crewed chartering. In a world of ever changing regulations, author Fred Edwards sums up the book’s purpose with this pithy advice, “To save time, always check this book first; to save grief, check with the controlling agencies before you make a final decision.” For anyone on the water, this book is a perfect and, possibly, a profitable gift.

Product Details

ISBN-13:	9780870336270
Publisher:	Schiffer Publishing, Ltd.
Publication date:	11/15/2011
Pages:	224
Product dimensions:	5.90(w) x 8.90(h) x 0.50(d)

About the Author

Fred Edwards is a retired Marine Corps Officer, a Coast Guard licensed 50-ton master, a real estate investment entrepreneur, a public relations specialist, and former senior executive of a maritime training company. He has served as an expert witness for Coast Guard manning and licensing.

Table of Contents

Dedication 7

Acknowledgments 8

Introduction to the Second Edition 10

1 Twenty-two Ways to Make Money with Boats 12

2 Starting Your Business 27

3 Accounting and Budgeting 41

4 The Insurance Plan 62

5 Online Marketing Tools 78

6 Other Marketing Tools 85

7 How to Write a Marketing Plan 105

8 How to Write a Business Plan 117

9 Boat Registration and Documentation 125

10 Passenger-Carrying Vessels: Bareboat or Crewed? 135

11 Inspection and Certification 142

12 Captains' Licenses, Certificates and Endorsements 149

13 Other Requirements for Boats and Crews 166

14 Coast Guard Investigations and Hearings 180

Appendices:

A Administrative Law Judges: Guidelines for Suspension and Revocation 188

B Checklist for Getting Underway (Six-Pack) 190

C Checklist of Small Passenger Vessel Inspection Deficiencies 192

D Coast Guard Exam Open-Book Materials 194

E Coast Guard Exam Subjects 196

F Coast Guard Points of Contact 200

G Free Help with your Business-SBA and SCORE 208

H Marine Surveyors 210

I Return on Promotion and Break-even Analysis 212

J Six Steps to Getting a Business Loan 214

K Towing and Salvage 215

Endnotes 218

Bibliography 222

Index 223