If the guide is spending roughly $12 an hour on expenses then he needs to get out of the business.

Please explain to me how a guide would be spending $12/hr on expenses. Quality rods and reels should last awhile and therefore the initial cost would be spread out over a long period of time. Boat costs? Same. Not to mention all of these items fall under business expenses and get written off. Of course, I am not a tax consultant so please contact yours to find out more information.

That $18.75 figure also only accounts for the days when the guide takes just one person in their boat. How about the 2, 3, maybe 4 person days? Yeah, they're humping out there getting all of them rigged, baited, etc. but multiply that out (click Start->Run and then type Calc and press Enter) and that's damned good money.

If they're losing $12 in expenses an hour then maybe they need to start buying Vision Hooks .