steve potts scout boats net worthsteve potts scout boats net worth

Scout Boats. When you get somebody that spends the kind of money that is spent on our models and theyve experienced an automobile thats in and around that same budgeted price, every other thing theyre exposed to [is more user-friendly]. The styling may not be as functional, but it creates distinctive differences in our look. They typically are handsome, with impressive workmanship and fit and finish. We have one or two that are even longer than that. However, we can take a look at some of the key factors that might influence your decision.Firstly, Scout is known for its quality products. Those companies that do what they do consistently like we do, and a number of other companies that we compete with I think that investment part of making a decision is important. Since he was 14, the owner of Scout boats Steve Potts had been working in the boating industry. The 420 LXF is the sixth model in this category to date, headlining the 255, 275, 300, 320 and 350 LXF models. If you prefer gear that looks stylish and modern, then Scout might not be the best choice as their designs are fairly traditional.However, if you value function over form then Scouts products could be exactly what youre looking for. "For 50 years I've had my hands on my craft, and on building a successful business. Torqeedo makes electric marine propulsion systems for boats ranging from 1 to 80 hp equivalents and is now a major player in the segment. So I did. They now have over 200 dealerships across the United States and sell their boats in over 30 countries around the globe. Thats where the name Scout came from. We basically as a family, brick by brick, unloaded what was underneath the building that was leveled and we salvaged what we could. They were in direct competition with AMF. How much are you growing? Our competition would say, You want to get blood and guts all over that nice interior? But if you look at it today, its more the norm and not the exception. What is this new boat is all about? All of the companys boats are made to order, so customers can choose from a variety of models and options. Q: What features or styles do today's Scout boats have that were present on those first boats? Read Next: An exclusive interview with Scout Boats President, Steve Potts, describing the 53 LXF, Scout's largest boat to date! Save my name, email, and website in this browser for the next time I comment. In that building we have what we call Plant A and Plant B. Wood-free construction, 100% hand laid fiberglass, finished lids and hatches, attention to every detail and process from the upholstery fabric to how the boot stripe is painted. It was something we spent a lot of time on. Scout Founder Steve Potts Takes Over as CEO. The Centounonavi Vespro is fast becoming reality, taking shape in the Viareggio shipyards of the Italian brand founded by designer and entrepreneur Manuela Lucchesi and naval engineer Marco Arnaboldi. Steve Potts Scout Boats Net Worth: $5 Million Steve Potts is the co-founder and CEO of Scout Boats, a South Carolina-based company that manufactures and sells fishing boats. A: Its always been our motto here in R&D to create something that doesnt exist. For the next six months, we were sort of back where we started. EST-Floattech, a global leader in energy storage solutions, is pleased to announce the official launch of the Octopus Series battery system. Within the marine industry, there are numerous manufacturers producing all types of boats for consumers, but none with as much thought and effort as Scout puts into its models. So two-thirds of that investment is dedicated to Plant C and the other third is for improvements not only on the site, but also in some of the existing factory. We meet every month. Were conservative about the ramp-up on something. See who you know in common. Garmin announced expanded and enhanced high-resolution relief shading coverage to its Garmin Navionics Vision+ premium marine cartography. I was into all aspects of boating when I was young, but I always wanted to go fast. During our hour-long talk he also voiced strong opinions about the marine industry's lack of design innovation, his commitment to designing more fuel-efficient vessels and how his own boating helped him stay close to his children as they grew. Scout Boats has just begun generating clean renewable energy to power their manufacturing facility located in Summerville, S.C. During a ceremony held on May 10 the CEO of Scout Boats, Steve Potts, flipped the switch to unveil the new 592 kilowatt (kW) solar energy system and announce the addition of a second solar energy system to be constructed at Scout Boats by Hannah Solar Government . Heres what you need to know about the Scout 42:The Scout 42 is a luxurious cruising yacht that was designed with comfort in mind. Scout Boats, Inc. has promoted integral personnel at its South Carolina-based headquarters. I have a great deal of respect for - and I want my company to emulate - some of the pioneers that did things that were different, like what Dick Fischer did with Boston Whaler. This privacy policy (this Policy) describes the personal information we may collect from you, the purposes for which we collect it, how we use it and when we may share it with third parties. Scout has revolutionized the coastal fish boat market. And if we dont understand that as much as you can make a pickup truck look stylish and be comfortable to ride in and look nicer than just a utility vehicle, thats the same thing thats going to apply to what we do. Having been in the marine industry since I was 14, I knew that one day I wanted to do my own thing and apply all the things Id learned to do and learned not to do. It's basically two tunnels that have horizontal planing surfaces outboard, before you reach the chines. Follow these simple instructions to enable JavaScript in your web browser. The company has been in business since 1991 and has built a reputation for quality craftsmanship. In fact, Scout Boats have won numerous awards for their design and performance.So why Thailand? I think its because as boatbuilders we expect consumers to think like we think that this is whats always worked. Steve Potts, CEO and founder of Scout Boats, is a man with a vision. Company Description:? The first design was pretty high-end with a good finish. Ashley Richardson. Dave Wallace was named president. "I've always seen myself as a visionary, and my role as CEO will allow me to focus much more on that aspect, but in no way does it take me away from Scout," Potts said in a statement . Does having a backlog help those values in some ways for customers who dont want to wait? Since its founding more than three decades ago, the company's goal has been to manufacture the best-built boats in its distinctive sportfishing niches. In Plant A we build everything from 17 to 25 feet, and in Plant B we build everything from 27 up to 35. A younger Potts races an early-model Scout back in the day. I spent the next 30 years driving Scout to new levels, not only self teaching myself business and management along the way, but learning that surrounding yourself with like-minded, driven individuals was crucial to continued success. Scout's 420 LXF, in development for three years, will be introduced in February at the Miami boat show. The company consistently introduces well-thought-out fishing and day-cruising platforms. People don't see enough good reasons not to buy something secondhand. "I've been a boatbuilder all my life, starting in my teens," said Scout CEO Steve Potts. Q: Do you think this is a long-term trend toward larger outboard-powered center consoles? Torqeedo makes electric marine propulsion systems for boats ranging from 1 to 80 hp equivalents and is now a major player in the segment. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. I look forward to new models from South Carolina builder Scout Boats. Your engineering support and your quality control and quality assurance programs it isnt something you can take a simple-minded culture of building small center consoles and say, OK, were going to build these big boats. The systems and the features that you offer in them we know this because weve gone through this evolution its a complete commitment by a builder to get into that type of a build. That being said, the bigger boats, the LXF series in particular, which includes a 25, 27, 30, 32, 35, 42, and were just now starting development of a 38, those are luxury fishing boats. Scout Boats was founded by South Carolina-resident Steve Potts a man that continues to this day to be on the shop floor daily working on the models back in 1989. "I've been a boatbuilder all my life, starting in my teens," said Scout CEO Steve Potts. Already a subscriber? We have always been a family owned-and-operated company, and Im proud to say our Scout family is comprised of both blood and non-blood individuals., Ive always seen myself as a visionary, and my role as CEO will allow me to focus much more on that aspect, but in no way does it take me away from Scout, add Potts. Q: How is your work force projected to grow? The big center consoles, you can beach them, the economies of running them [are more favorable], the speed there are a lot of advantages there. Boats are like everything else: you get what you pay for. We developed lots of bigger models that were unique in styling and performance. We currently have six. A: Today were right at 850 a year. I had worked and struggled too long not to continue on. A: As you start getting in the arena of boats that sell for six figures and above, there are a lot less builders and a lot less competition. You are responsible for regularly reviewing this Policy and any changes thereto. We do a lot of things that are unique. The new 50m luxury yacht is a unique project fully realised by Enrico Gobbi - Team for Design. We still incorporate the Air-Assist design in our 15, 16, 17 and 18. There is no simple answer to the question of whether or not Scout is a good brand. teams under one roof here on campus," Scout CEO Steve Potts said in a written statement Q: There seem to be roughly the same number of builders as before the recession, despite so much hardship, but not all have thrived the way Scout has. As an industry, one of the things weve really tackled is doing some different things with the features, having the electrical and electronic systems be more integrated so its more like other consumer products. Im proud to see our family of employees grow over the years, and proud to see them grow within the company, Potts said. I was impressed with the designs of the Moppies and Bertrams. The South Carolina native and father of three says he has always taken a conservative approach to business. Theres a lot of big-boat-itis out there. Scout Boats employs over 400 team members at the Summerville facility.The companys commitment to quality craftsmanship is evident in every aspect of the manufacturing process. It features spacious accommodations, including three staterooms and two heads. Seaworthiness, comfort and efficiency, from Floating Life. Our goal is to provide you with an experience that delivers the information, resources and services that are helpful to you. We dont get snow in Charleston, but I think where we were there was 10 inches of accumulation, which is unheard of. And after youre prepared a meal and are looking to catch a movie down below before you turn in for the night, you can enjoy eating at the high/low electric release marine teak table. We're going in the direction of having more value in the vessel than we had in the past. I personally studied the art of boatbuilding and self-taught myself how to do it better for 20 years. What prompted you to write the letter? My feeling is that in a lot of those cases its somewhat of a bean-counter mentality. When I was 14 years old, I started working for a dealership in Charleston [S.C.] called the Outboard Shop. Plus, at the Outboard Shop we also built our own raceboats. Along with Potts' son Stevie, and daughters Sherrie and Stephanie, who also have key roles in the business, Scout now employs nearly 450 . Maybe thats where they want to be, rather than a runabout or cruiser or some other type of boat. "We've built a team here that will continue to take us into the future," said Potts. We need to create designs that don't exist. Effective January 1, 2022, Steve Potts moves full time to CEO of the company; Dave Wallace has been named Scout President; William Ferguson has been promoted to Vice President of Manufacturing; Courtney Guice has elevated to Administrative Vice President; Stevie Potts is Vice President of Product Development & Engineering. Read the full policy here: https://epgmediallc.com/privacy-policy/, Scout founder Steve Potts takes over as CEO, Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on Tumblr (Opens in new window), Groupe Beneteau ramps up focus on sustainability, ABYC Technician Award nominations due Friday, Coast Guard Foundation hires regional director, IYRS school earns ABYC MTAP accreditation, Boat Owners Warehouse sponsors Suncoast Boat Show, NMMA to host American Boating Congress webinar, Yamaha opens new Marine Innovation Center. Weve built a team here that will continue to take us into the future. We have been on the front edge of that, and early on it was a bit difficult to get people to warm up to it. The boat is powered by Yamahas reliable outboard engines, and it comes complete with all the necessary safety equipment. Meaning, once the founder has moved on and is in their twilight years, they step away from it and theres not the youth behind them. The Nu-V3 hull design is a running surface that we've spent a lot of time on. A: For our brand, Scout still builds from 17 feet to now 42. If its a young couple out of school just starting their careers and their budget means theyre going to be able to get a 17-foot boat, as long as were doing our job we want to be there for them. Their first boat was a simple, quality skiff. 3 midfirst.com; cox.net; hertz.com; 5+ 405922XXXX; 405204XXXX; 405943XXXX; 405767XXXX; 310270XXXX; 405403XXXX; Steve Potts President. The building we were in was pretty much leveled. Thats not to say the economics of running a business are exactly the same, whether its a company that does billions of dollars or millions of dollars. Nautor Swan launched the Swan 108 project in 2021, during the Regate di Primavera in Portofino. I also think there is some of a trend change in that people who can afford to have these bigger multi-engine, outboard-powered boats are looking more at that as the type of vessel they want, as opposed to the cruisers. Photographs are copyright by law. So much so that Scout has introduced more than 25 new models in the previous six years alone. Underwater deck and bow cameras are available as well as underwater LED lights. Economically sound, with recent plant expansion of a new manufacturing building and a custom spray booth. In fact, some of the smallest companies grew share the most. You alluded to competitors, but there arent many in this larger center console coastal fishing boat space. Steve Potts is the co-founder and CEO of Scout Boats, a South Carolina-based company that manufactures and sells fishing boats. Did something stoke your fire? A: We always have a minimum of four new boats going at a time. I am going to go back again to my days as a teen working at the Outboard Shop. Are Scout Boats Worth The Money? ezDrive Thruster, designed specifically for active wake surfing, wakeboarding and watersports and other small boat enthusiasts, is again sponsoring the World Wake Association's (WWA) women's division at Nautique USA National Wakesurf Championships. I think 60 percent of the brands are homogenous - a blend of what a handful of companies do in creating trends and looks and design and function. Scout Boats is a family-owned and operated business that has been building boats for over 50 years. It started 30 years ago when Potts and his wife started Scout Boats out of their garage, only to have to start again when their operation was destroyed just months later by Hurricane Hugo. He has an estimated net worth of $5 million.Potts started Scout Boats in 1989 with his brother, Scott. I think theres an advantage on one end, but theres an advantage on the other end in that the smaller, more agile companies can make decisions and design things without going through a committee that takes forever to make a decision. It was kind of like a racing boat that I used as a pleasure boat. We wanted to develop a boat that could be used in shallow water, but also have the ability to put outriggers on it and run offshore and catch king mackerel. Thats just the opposite here. Scout was founded with a handful of employees and a couple of molds in a small brick building back in 1989 by Steve and his wife Dianne Potts. Other notable systems include an anchor windlass wash down hose, water heater, Kohler generator, electronic bow table with filler cushion, and air conditioning. The company initially operated out of a small garage, but it has . Ive always seen myself as a visionary, and my role as CEO will allow me to focus much more on that aspect, but in no way does it take me away from Scout, Potts said in a statement. A: Were right at 240 employees now, and my five-year plan going forward thats going to take us to 2019 is to be at 500 employees. I made up my mind that as soon as I made $50,000, that was going to be at the point where I was going to start my business. Aston Martin unveils its first luxury ho, We cant shake it off, @taylorswift !! Scout Boats, Inc. Website. So, how much is Steve Potts worth at the age of 54 years old? We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. I repaired a lot of boats and I learned what not to do. Steve Potts doesnt reflect a lot on the history of Scout Boats, but the Mount Pleasant, S.C., builders 25th anniversary this year prompted him to take a look back at what has led to Scouts double-digit post-recession annual growth. Scout is one of the most respected boat builders in the marine industry, not only due to their cutting edge innovations, but also by the way they run their company and treat their employees. Scout was founded with a handful of employees and a couple of molds in a small brick building back in 1989 by Steve and his wife Dianne Potts. I don't know if there's enough of that type of boatbuilding today. The hull designs were very distinctive. In addition to his role at Scout Boats, Potts is also an active philanthropist. position Scout founder and owner Steve Potts as the Chief Executive Officer of the growing boatbuilder. The new facility were building, which is going to be Plant C, is 25,000 square feet and it will build only the 42 and the 38. A: I think that people are going to gravitate to things that look nice at boat shows, but I also think our boats, by design, tend to age more gracefully. I don't know if it's going to be the common motor that you'll see every day out on the water. For 50 years Ive had my hands on my craft, and on building a successful business. Discover t, Experience luxury dining like never before with Ch, Experience the most talked about events of Super B, The final countdown has started for @celebfightnig, Hopping on this trend #Reels #Trending #ferrar, Wow! If you do not agree to these terms, do not use the services. I was born in Groton, Conn. - at the submarine base there, actually. I personally studied the art of boatbuilding and taught myself how to do it better for 20 years. He is not dating anyone. The first plant was opened in 1989 with three employees. Onboarding new customers can also be powerful for word-of-mouth marketing, and repeat and referral business. Manage Settings Your email address will not be published. I think brands and companies have come and gone [due to] the lack of having a succession plan. In our Talkin' Boats interview, I wanted to find out how he caught the boating bug and what motivated him to become a builder. A: I sort of admire the designers and builders behind certain brands of boats. steve potts scout boats net worth who ran against george washington in the first election how to tell your landlord you broke something . But I think what makes our industry so unique is that a small company can compete toe to toe with a company thats 10 to 20 times larger. Scouts LXF Collection is comprised of luxury sportfish models that showcase a unique blending of high-performance fish boats with high-end cruisers. Q: What is today's consumer looking for in a boat - fuel economy, value, customer support? General Recreation built campers, sailboats, powerboats and a variety of things. Contact Us Advertising Info Send File Subscribe Privacy Policy, EPG Media LLC wants you to have a positive experience in connection with our products and services. Please check your email for the latest full issue link. Ive been a boatbuilder all my life, starting in my teens, said Steve Potts. We had the business going from February 1989 and had a handful of dealers seven or eight in the Carolinas. My very first boat was one I actually built when I was 14 or 15 - a little Scout with a 25-hp Evinrude on it. Dave has been my right hand for 22 years running the day-to-day operations, and its only fitting that he assumes the role of president for the company hes been so crucial in helping grow for more than two decades.. I think the difference is that my employees can relate to me and I can relate to them. In the mid-'70s [the Outboard Shop] was bought out by a new company that had no desire to build boats, so Scout Boats went away - for the time being. @champagne, Join @tomzenner on this Hellcat Experience at Barr. It was a recreational conglomerate like AMF. I always had fond memories of building that little fishing boat, so I felt like I wanted to carry that on. But in addition to the building, were expanding our parking lot. From that point forward, even to this day, our challenge has really been to manage [the growth of] a business with people and training and hiring, the facility and new designs, so it was a different kind of challenge, but a challenge nonetheless. Our deck goes inside of the hull, which is different from most builders. Early on, we were scrutinized, especially by our competition, that it was too pretty. It's one thing to go out and emulate something that you like and looks good, but it's another thing to promote it like it was your clever design. The provisions of this Policy apply to all such mobile access and use of mobile devices. Q: What do you think of the new big outboard - the 557-hp from Seven Marine - that was intro'd at the Miami Boat Show? I spent the next 30 years driving Scout to new levels, not only self teaching myself business and management along the way, but learning that surrounding yourself with like-minded, driven individuals was crucial to continued success. But in the 30 years since theyve been around, theyve made a big splash in the industry.So where are these impressive boats made? Share on Twitter We may offer you the ability to connect with our websites or use our applications, services, and tools using a mobile device, either through a mobile application or via a mobile optimized website. I learned What not to continue on we had the business going from February 1989 and had a handful dealers..., is a family-owned and operated business that has been building boats for over 50 years Ive had my on... 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Terms, do not use the services: today were right at 850 a year for three years will! Comprised of luxury sportfish models that were present on those first boats,. Have one or two that are unique to go fast n't know if it 's basically two tunnels that horizontal... Ad and content, ad and content measurement, audience insights and product development since was! And i learned What not to buy something secondhand cameras are available as well as underwater LED lights for. ; hertz.com ; 5+ 405922XXXX ; 405204XXXX ; 405943XXXX ; 405767XXXX ; 310270XXXX ; 405403XXXX ; Steve Potts the! 3 midfirst.com ; cox.net ; hertz.com ; 5+ 405922XXXX ; 405204XXXX ; 405943XXXX ; 405767XXXX 310270XXXX... 3 midfirst.com ; cox.net ; hertz.com ; 5+ 405922XXXX ; 405204XXXX ; 405943XXXX ; 405767XXXX ; ;... 1991 and has built a reputation for quality craftsmanship, but there arent many this. Are handsome, with impressive workmanship and fit and finish referral business design was pretty high-end a. 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