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Entries in 1997 (10)

Monday
Jan302012

Create a Reserve for Repair & Replacement Cost

This article, by Dennis Kissman, was published in Marina Dock Age – January 1997. Many marina owners subscribe to the old adages that if it’s not broken, don’t fix it. This philosophy may work in some businesses, but in a marina, it could put you out of business. Typically, marina facilities deteriorate over time. Oftentimes, owners tend to ignore this gradual decline and learn to live with the problems it creates.

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Monday
Jan302012

Realistic Marina Valuation Strategies

I recently had the opportunity to be one of three faculty members for an International Marina Institute course held in Tampa, Fla., on marina financing and appraising. The topic was presented from three points of view. First, the real estate appraiser’s perspective, which was presented by Mark Stroud of The Stroud Corp. Then there was the lender’s perspective, presented by Harry Neiman of Nations Credit Commercial Corp. And third was my mission to present a buyer’s and seller’s perspective.

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Monday
Jan302012

Weathering an Economic Downturn: Can Storage Cover Your Costs?

I’m not suggesting gloom and doom for marina owners just when were coming out of a downturn in the economy and the future is looking bright, but there is one thing that we do know for sure: The soft economy that we experienced for the past several years will occur again when we are least prepared. However, there are ways we can minimize the impact on marinas. Rather than being proactive, most marina owners and operators react to changes in the economy. If you react, then the effects of a downturn in the economy will surely affect you.

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Monday
Jan302012

Make Time for Safety Training

This article, by Gene Spinazola, was published in Marina Dock Age – July 1997. Don’t wait until fall and then say, “Next year, we need to do some emergency planning and training with the employees.” It’s time to do that now.

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Monday
Jan302012

Managing a Live-a-board customer base

Many marinas are restricted by laws and ordinances that do not allow live-aboard boaters. But others have the choice whether or not to accept live-aboards, and that decision should be made as a conscious one, and not by default.

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