Connect with us

Recreation

Rowboat Rentals

Row, row, row your biz gently down the cash flow stream.

Entrepreneur

Published

on

Business At A Glance

Rowboat Rentals
Startup Costs: $2,000 – $10,000
Online Operation? No

Business Overview

Here is a great little business that can be started for peanuts and operated on weekends and holidays on a part-time basis. Secondhand good quality rowboats can be purchased for as little as $500 each, yet the same rowboats can be rented for as much as $10 per hour to fishermen and sightseers.

With that kind of return on investment, it will not take long to get back your initial start-up costs and reap a healthy profit. Obviously the business has one main requirement in order to be operated: water. If the business is established within close proximity to a river or lake, the boats can be rented from a marina location, beach, or even right from a riverbank. A rowboat rental business also requires that you carry liability insurance and the boats are outfitted with safety equipment such as life vests, paddles, and a whistle.

Entrepreneur Magazine is South Africa's top read business publication with the highest readership per month according to AMPS. The title has won seven major publishing excellence awards since it's launch in 2006. Entrepreneur Magazine is the "how-to" handbook for growing companies. Find us on Google+ here.

Advertisement
Comments

Recreation

Cigar Sales

This hot business is so specialized, it’ll have you smokin’ out profits in no time.

Entrepreneur

Published

on

Business At A Glance

Cigar Sales
Startup Costs: $2,000 – $10,000
Home Based: Can be operated from home.
Online Operation? Yes

Business Overview

Across the United States millions of dollars’ worth of cigars are sold monthly, some for $250 or more each–making this a very lucrative market. Once you’ve secured a wholesale source for purchasing cigars, here are a few ways to retail them for a profit:
  • Establish a small kiosk in a mall or market location for selling cigars.
  • Employ direct sales teams remunerated by way of commission based on their sales.
  • Initiate a direct-mail and email campaign aimed at corporations to purchase the cigars to give to valued clients and business associates as gifts.
  • Purchase vending machines and stock these machines with cigars for sale. The machine will have to be a ‘minihumidor’ and can be located in high-traffic gathering places such as restaurants and pubs.

The Market

Cigar coinsurers and novice smokers alike

Continue Reading

Recreation

Snorkel Tours

Snorkel tours allow you to explore the underwater world of business.

Entrepreneur

Published

on

Business At A Glance

Snorkel Tours
Startup Costs: $2,000 – $10,000
Part Time: Can be operated part-time.
Online Operation? No

Business Overview

Tourists, sun, and water are the crucial elements that will make this business start-up a triumphant success. Starting a snorkel tour business is a fantastic way to earn a potentially lucrative income, and enjoy a personally rewarding lifestyle. How do you get customers for this business venture?

Easy. Design a very informative and colorful brochure depicting your fun and relaxing snorkel tours, and distribute them to all the hotels, motels, campgrounds, and restaurants in the local area where the business operates. Likewise, you will want to establish pickup times with all of these locations, in terms of starting the tour.

You will have to pay the hotels a booking fee, but the business can easily generate enough revenue and then some to cover the costs of booking commissions. Also consider enlisting the services of a tour-booking agent, as these booking agents work beaches and other busy tourist areas promoting and enlisting clients into the different tour activities they represent. Good booking agents can easily sign up 100 or more tourists in one day for various activities.

Needed Equipment

The requirements for this business enterprise are very specific. You will need general knowledge and experience in snorkeling as well as first-aid training and equipment.

However, due to the nature of this business you will be required to carry liability insurance and possibly a certificate or registration number identifying you as a tour operator.

Any business plan should always include research in terms of legal restrictions and registrations. Not required is a waterfront business location, as the idea of the tours is to pick people up at predetermined locations and shuttle them to one or more locations for the snorkeling, or to a boat. Premiere snorkeling areas in North America include Hawaii, the Florida Keys, Texas, and California.

Cold water snorkeling is also becoming popular in areas such as British Columbia, Washington state, and the Great Lakes. However, keep in mind that you will have to invest in two or three milimeter wet suits for customers to wear if you are planning to establish cold-water snorkeling trips. In addition to reef snorkeling, shallow water, surface shipwrecks, and designated marine parks are also popular spots for snorkeling.

Continue Reading

Recreation

Coins and Stamps

Feed your collecting soul with a store that buys, sells and trades collectible coins and stamps.

Entrepreneur

Published

on

Business At A Glance

Coins and Stamps
Startup Costs: $10,000 – $50,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? Yes

Business Overview

Opening a retail store that buys, sells and trades collectable coins and stamps is a good business venture for the hobbyist coin and stamp collector to get going. The store doesn’t need a great amount of square footage, as the inventory is compact.

As a method to reduce startup and operating costs, consider a joint venture with another retailer. Good matches for this type of shared retail space include pawnshops, comic book retailers, and memorabilia stores. As is the case with any retail venture, the goal is to buy low and sell high; thus, you must possess strong negotiation skills and have experience identifying the condition and value of coins and stamps.

The Market

Coin and stamp collectors

Continue Reading

Trending

FREE E-BOOK: How to Build an Entrepreneurial Mindset

Sign up now for Entrepreneur's Daily Newsletters to Download​​