Starting a Small Business/Business

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Question
Hi,

I hope my question fits your category. For the last couple of days, I was thinking about shipping. My father works as a seafarer and is the second engineer in a ship. I know that my father has a decent salary along with all the other seamen but what intrigued me was that if a person who works on a ship can make a ton of money, then how much can the owner of the ship make!

But is my assumption correct? How much do the owners of ships really make? (not limited to passenger or cargo ships)

Thanks!

Answer
Most owners of shipping lines are millionaires and billionaires.

Like many cases of small entrepreneurship the owner of a small ship may indeed earn less than their employees. Many entrepreneurs own businesses because they don't likebworking for people or they hope to be rich some day. Why not research the subject? You may be surprised.

Starting a Small Business

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Lee Lister

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If you are a serious entrepreneur and want to set up your own business or ensure that your existing business is more profitable then let me assist you. I answer questions on business start up, business strategy, business models, business planning, marketing plans, marketing strategy, branding, business tune ups and business improvement. I do not answer any legal, tax or accountancy questions - you should see your own professional adviser about these. If you cannot be bothered to read and rate my answers - I can't be bothered to answer yours! If you have a small internet based company, I would welcome your help in completing a survey and helping me with my Masters Dissertation. I am researching how a small company can build its brand and grow quickly using social media marketing. The survey takes 4 minutes and all information is confidential and will NEVER be used for marketing purposes. Thank you in advance. The link to the survey is below: http://www.surveygizmo.com/s3/1679437/Branding-using-Social-Media

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Over 20 year’s management, IT and business consultancy experience with businesses large and small as well as being a serial entrepreneur.

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A prolific writer and published author, I write on entrepreneurship, project, bid management and career improvement.

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BA (Hons) Economics MSc Marketing Management , studying for DBA. Numerous business qualifications.

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