building new campground
My husband, son and I are thinking of building a small, no frills campground on our farm after we get out of dairying later this month. We want to cater to the RVers looking for a safe, comfortable s...
Forum Discussion
ferndaleflyer wrote:20% of new businesses fail in the first year, 50% fail within 5 years and 66% do not make it 10 years. It is estimated that 80% of those failures were do to cash flow issues. As has been said many times, failure to plan is planning to fail. No one has posted a solid don't do it, but many have posted potential pitfalls they may not have considered.
Never saw anyone succeed listening to nay sayers. I saw one pop up 3 years ago near my summer cabin. Maybe 10 sites and I have never seen an empty spot there. I don't know how people found it as it is very isolated and not near anything. But trust me you build it and they will come. Me included.
You have given a alternative to extensive research with "build it and they will come" . It will save them a bunch of time and money upfront. And I guess hope and faith could be considered a business plan. Hopefully nobody is building a poorhouse nearby because if they are it would guarantee "Build it and they will come" will have a 50% success rate and my bet would be on the poorhouse.
