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Hunting Guide Outfitter

Real-Life Activities

Real-Life Math -- Solution

You're planning your expenses and revenue for your own outfitting business. Where should you start?

Initial Investment

Tenure of Land = $100,000
Liability Insurance = $500
Firearms and Ammunition = $2,500
Van and Insurance = $30,000
Advertising and Phone Book Listings = $1,700
Bedding and Toiletries = $2,000
Association, Dues and License = $2,000

Total investment = $138,700

Cost Per Trip

Transportation: 0.33 x 237 kilometres per direction x 2 = $156.42
Licences for hunters: 7 x $220 = $1,540
Guns and ammunition: 7 x $150 = $1,050
Toiletries and replacement costs: 7 x $25 = $175
Food: 14 days x $25 per person per day x 7 people = $2,450

Total per trip = $5,371.42

Total for 6 trips = $32,228.52

Total Expenses: $170,928.52

Revenues

$350 per person per day for 14 days x 7 people = $34,300
$34,300 x 6 trips = $205,800

Total revenue = $205,800

Profit

$205,800 - $170,928.52 = $34,871.48

"Hunting guide outfitters are self-employed businesspeople. They need good math skills to do their accounting and run their business," says guide Dale Drown.


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