1. Establish your business structure: It is important to determine the type of business you will be operating. This could be a sole proprietorship, partnership, limited liability company (LLC), corporation or a cooperative. Consider the pros and cons of each option before making your decision.
2. Create a business plan: A solid business plan should include an executive summary, description of the company, industry analysis, market and customer segmentation, operational plans, financial projections and management summary. Use this to help guide you through making decisions about your business as it grows and develops.
3. Obtain necessary permits and licenses: Depending on the type of activities you will offer, it is important to obtain all necessary permits and licenses from federal, state and local agencies. Make sure you research the laws and regulations specific to your business before proceeding.
4. Secure financing: Investing in an outdoor adventure business can be costly. Consider whether you need to secure additional financing to cover the cost of equipment, marketing and building a client base.
5. Choose a location: Choosing a suitable location for your business is essential. Research potential locations that are close to outdoor recreational areas as well as have enough space to accommodate customers and storage needs.
6. Purchase necessary equipment: Consider the types of services you will offer and buy the necessary equipment to accommodate them. Make sure the equipment is reliable, safe and of good quality.
7. Market your business: Once your business is established, it is important to start marketing your services. Create a website, advertise in local magazines or newspapers and network with other businesses in the area to spread the word about what you do.
8. Hire staff: If your business grows, consider hiring additional staff to help with the day-to-day operations. Make sure they have the necessary skills and qualifications for the job as well as a passion for outdoor activities.
9. Train staff: Once you’ve hired staff, provide them with the necessary training so they can adequately perform their duties. Make sure all safety protocols and procedures are reviewed before beginning any activity.
10. Insure your business: It is important to purchase adequate insurance for your outdoor adventure business in order to protect you from potential liability claims. Speak with an insurance specialist to determine which type of coverage is best for your business.