building new campground

westernrvparkowner wrote:

ferndaleflyer wrote:
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.

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.
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.

Westernrvparkowner

I have always enjoyed reading your posts and advice like this one, I would like to stay at your park one day and meet you, but if you don't mind will you answer a question. Do you regret starting your park or are you very happy with the decision.

I always thought if I had the cash I would love to build an RV park, retired now I don't see the cash coming in unless I were to win the lottery, and I would have to but a ticket first, Not.

Thanks for your time, Keith