I want to open my own yacht chartering co and boat rental co please help?

It is a business – a hard and not very dependable business suffering from outside influences at many levels, weather, war, economic, social, legal – etc.

The requirement after a degree in Business Studies is for capital – and a lot of it. You will need insurance at any level, this will be costed according to perceived risk – the insurance providers perception of risk, not yours. That will include their assessment of your capabilities and experience along with the historic industry claims records in your chosen business type. A lean business model may be seen as good – or it may be seen as alarming if the Insurance provider thinks it could influence maintenance and safety decisions to be delayed or ignored.

Purchasing land is a good decision – and is a more straight forward thing between you and a bank – you just have to show you can repay the loan. Prime water-front land will need big capital, without a good income history no bank will be keen these days – certainly not on any unproven individual or start-up business.

So very simply you will need two things to start with. Qualifications to run the business or the people with those qualifications and demonstrated experience, and lots of capital. You are looking at potentially millions to do all you dream of – and that is a good dream. You must be aware that somewhere in the plan you have to work in the industry and gain the skills and experience to successfully create or manage such a business, and work at a high enough level that you can save enough money to enter it in your own right.

I hope it works out for you. You should start working even at a basic level in the charter or hire industry to get a ground level view of the reality of this type of business.

Good luck.