steve potts scout boats net worthsteve potts scout boats net worth

Has that given companies like yours an edge that it will be difficult for others to catch up with? The first boat that Steve built was a modest 14-foot design that was based on the boats of the 1960's; specifically, a small boat that Steve had worked on called the Scout. From the helm and the key fob, the owner can control features throughout the model with the help of C-Zone digital switching technology as well. If you do not agree to these terms, do not use the services. How many outboards can you strap on a transom? teams under one roof here on campus," Scout CEO Steve Potts said in a written statement Each May, the NMMAs American Boating Congress gathers marine industry stakeholders in Washington, D.C. and includes discussions with members of Congress and administration officials about whats affecting the marine industry and where we need their help. Q: This segment has been one of the few weve seen make a rebound. A: It was a very humble beginning just myself, my wife [Dianne] and a helper, literally in a brick barn or a garage. 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. Each Scout hull is a true original, as the in-house research and design team works closely with engineering to take concepts from blueprint to production more efficiently, growing the company's world-class reputation for quality, strength, durability and value. What Is The Difference Between A Kayak And A Canoe. We have a new 17, two new 22s, two 27s and a 31 and a 38 - that's what we're developing. View Colleagues. A: Having a conservative philosophy about growing the business, the facility that we have now is all under one roof and it was built in five phases. It was a galvanized shed with a dirt floor. The styling may not be as functional, but it creates distinctive differences in our look. They currently produce 23 models ranging from 17-53. Photographs are copyright by law. I worked there after school and in the summer in my teen years. I am going to go back again to my days as a teen working at the Outboard Shop. Have you been able to keep up with demand and what kind of backlogs do you have? 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 that instance I knew I had to do something. Copyright 2023 Boating Industry Dave Wallace was named president. Potts lives on the water in Charleston with his wife. 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. I had this as a teenager. Scout has revolutionized the coastal fish boat market. It was an inner-liner boat and foam-filled. We also got details about the expansion Scout is undergoing to begin production of its largest boats ever a 38-footer and a 42-footer. Theres also an optional SeaKeeper gyro stabilizer, flybridge, articulating rocket launchers that work in conjunction with the retractable SureShade, and a 5-N-1 second row seating configuration that won a marine industry innovation award. That was really important to me - I wanted people to know it was a Scout, even without seeing the name on the side. The guy I was renting the brick barn from rebuilt and we moved back in February or March of 1990. It was, I guess, from famine to feast. 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 . Scout is a debt-free company. But we want to be different. We dont have much information about Hes past relationship and any previous engaged. This Policy also describes the choices you can make about how we collect, use and disclose your information when you provide it to us on any EPG Media & Specialty Information properties will not collect, use or disclose your personal information other than in compliance with this Policy. When Steve decided to build boats himself, he turned to his youthful endeavors and secured permission to use the Scout name. Down below, the appointments resemble the elegance of those on a private jet. With the advancements of the materials that are being used, and with all the things the coastal fishing boat market is doing to build a better product, I think people are gravitating toward that. Theres a lot of big-boat-itis out there. Scout Founder Steve Potts Takes Over as CEO. The first design was pretty high-end with a good finish. The new 50m luxury yacht is a unique project fully realised by Enrico Gobbi - Team for Design. Manage Settings Were probably conservative as it relates to most other builders in that we dont work outrageous hours, we just dont do some of the things. We have estimated Steve Potts's net worth, money, salary, income, and assets. Onboarding new customers can also be powerful for word-of-mouth marketing, and repeat and referral business. 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. Q: Did you grow up around the water and boats? He has served on the board of directors for several non-profit organizations, including the Coastal Conservation Association and Take Stock in Children. Do you think thats part of a larger trend? Get a D&B Hoovers Free Trial. The company was founded by Potts and his wife Dianne in 1989. The man behind the company is president and CEO Steve Potts. They currently produce 23 models ranging from 17-53. For instance, Scout boats are designed with fishing in mind.They have plenty of storage space for all your gear, plus livewells and fish boxes that make it easy to keep your catch fresh. 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. At the end of the day, being a business thats very labor-intensive, its about how well we deal with human behavior. (Three Garmin 8215 15 screens come standard.) Are Scout Boats Worth The Money? Share on Twitter Steve Pottsmoves full time toCEOof the company, Dave Wallacehas been namedPresident, William Fergusonhas been promoted toVice President of Manufacturing,Courtney Guicehas elevated toAdministrative Vice President andStevie PottsisVice President of Product Development & Engineering. But in the 30 years since theyve been around, theyve made a big splash in the industry.So where are these impressive boats made? We hand-lay everything, so those thicknesses are uniform from boat to boat. The ones that are out there, those customers are proud of them. The building we were in was pretty much leveled. 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. Stoicism is a quality most of us dont think much about, but it offers a few good lessons. Scout Boats is part of the Automobile Dealers industry, and located in South Carolina, United States. BoatingBuddy.com is a participant in the Amazon Associates Program. 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. I had set out to create distinctive enough appearances and features and styling that separated my brand from others. Its very personal to a lot of people. Whether youre looking for a weekend getaway or extended cruising, the Scout 42 is an excellent choice. It will be interesting to see where that goes. The company was founded in 1989 by Steve Potts, who is still the CEO and owner today. 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County leaders and officials with Scout Boats Inc. near Summerville break ground Tuesday on the company's new 120,000 square-foot facility, the manufacturing site for the 530 LXF boat. Things were going well, and we were very profitable and the next big challenge that hit us was the Great Recession. What is this new boat is all about? Scout builds luxury sportfishing center console, dual console, crossover, and inshore/bay boat models ranging from 17' to 53'. They can use them as a tender, as a cruiser, and some of the boats, the 35s and 30, we have accommodations below deck that can make them a weekender if they want that. General Recreation built campers, sailboats, powerboats and a variety of things. If you do not continue to use the EPG websites following a change to our Policy but take no other action with respect to your personal information, our use of that information will remain subject to our Policy as it was in effect prior to the change. Modern with bold exterior lines, the new Kiribati 38 project is a collaboration. 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. I was one of the guys who tweaked bottoms to gain a mile an hour or two. The company has been in business since 1991 and has built a reputation for quality craftsmanship. I think there is market share for us to gain. That really concerned me. He has an estimated net worth of $5 million. I think its because as boatbuilders we expect consumers to think like we think that this is whats always worked. It is a little adventurous to take a bay boat and run 30 miles offshore. 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. Some of its kind of reversed and gone the other way. In addition to his role at Scout Boats, Potts is also an active philanthropist. I asked my PR agency, how can we do something so that this doesn't impact [Scout's] reputation? I was born in Groton, Conn. - at the submarine base there, actually. Share on Linked In I looked at this from a lot of different angles. That really helped me. This vessel is a great option for those who want quality and comfort. Q: Many companies that actually grew during the tough years say they were conservatively run, which enabled them to step up model rollouts in those lean times. We want you to know that we respect the privacy and security of our users. Scout Boats, Inc. Website. Thats just speculation, but thats what we hear. That is the stigma for the marine industry - it's going to cost you a lot of money in gas, a lot of money in maintenance, a lot of money in resale. Scout Boats, Inc.has made a number of personnel changes at its South Carolina-based headquarters. 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. Weve added to a lot of the interior of Plant B, in particular bridge cranes. I used that same analogy. From project to reality. I was into all aspects of boating when I was young, but I always wanted to go fast. Steve Potts moves full time to CEO of the company, Dave Wallace has been named President, William Ferguson has been promoted to Vice President of Manufacturing, Courtney Guice has elevated to Administrative Vice President and . For instance, our reverse-angle transom is aesthetically pleasing. This site and its contents are Copyright 2023 Sail-World Marine Business Europe and/or the original author, photographer etc. My biggest concern is that some of these brands are bigger and have a larger chest of money to promote their product than we do. So, how much is Steve Potts worth at the age of 54 years old? 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. Share on Facebook These internal promotions take long-standing employees and elevate them to new positions, as well as position Scout founder and owner Steve Potts as the Chief Executive Officer of the growing boatbuilder. It was kind of like a racing boat that I used as a pleasure boat. Having 30 switches on the dash on your boat is cool. Scout models arent just stunning to look attheyre also packed with many first-to-market innovations and features. I think thats what consumers want today. If someone wants to tournament-fish, they can. We need to create designs that don't exist. 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. Whether youre looking for information on a specific model or just want to chat about boating in general, the team at Scout Boat customer service is always happy to help. It's basically two tunnels that have horizontal planing surfaces outboard, before you reach the chines. Scout Boats CEO & Founder Steve Potts will unveil the company's new flagship and LXF fleet leader - the 420 LXF - at this year's Miami International Boat Show. How did this develop? Theyve even created a series of short videos that bring you into the facility and show you exactly how the boats are made differently, and made better. During that two-year period our competitors hardly came out with anything. Scout boats are definitely a high-quality option when it comes to choosing a boat. Q: How do Scouts hold up for resale? Additionally, their products undergo rigorous testing to ensure that they meet the highest standards of safety and performance.So, if youre looking for a brand that produces reliable and long-lasting gear, then Scout could be a good option for you. We ran a number of boats. During the 1970's, the simple Scout design and name disappeared, but Steve had such fond memories of that simple, effective fishing boat that he wanted to continue the name. If our Policy changes in the future, we will notify our customers and website users of any such changes by posting an updated policy on our website. Scout Boats has grown steadily for the last 22 years and now builds fishing and day-cruising boats from 14 to 35 feet. A: For our brand, Scout still builds from 17 feet to now 42. 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. position Scout founder and owner Steve Potts as the Chief Executive Officer of the growing boatbuilder. 3 midfirst.com; cox.net; hertz.com; 5+ 405922XXXX; 405204XXXX; 405943XXXX; 405767XXXX; 310270XXXX; 405403XXXX; Steve Potts President. Their first boat was a simple, quality skiff. They had several paragraphs saying what a clever design this was, that [the builder had] incorporated tempered glass and the boat has this beautifully shaped T-top. He and his wife, Dianne, began building 14- and 15-foot boats out of . Everything we put into them has really paid off. Every one of those things I knew we needed to get right. This site has features that require javascript. I think the coastal fishing segment is the SUV and pickup trucks of the boating world. A: Today were right at 850 a year. When we got to it a couple of days after and saw what was left of what Id worked for for so long, my emotions were really anger and determination. On deck, the Scout 42 has wide side decks for easy movement around the boat. I didnt know any way to go about it other than the old-fashioned way, which was to do side jobs, work and put as much money away as I possibly could. I know this because they happened to go to the same vendor that I was working with at the time. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Even though we add the plushness to them, you can still hose them out and not have to baby them. They typically are handsome, with impressive workmanship and fit and finish. We shattered a few windshields. For 50 years Ive had my hands on my craft, and on building a successful business. It wasn't all smooth sailing. Do you think the smaller companies will emerge most healthy from this lingering downturn? Q: How many boats are you building a year and will that also change? Scout Boats, Inc. has made a number of personnel changes at its South Carolina-based headquarters. From the very first 14-footer to the now expansive offering of more than 20 class-leading models ranging from 17- 42, one of the many consistent items that sets Scout apart from other manufacturers is product quality. Soundings Trade Only met up with Dometic Marines Eric Fetchko, president of Dometic Marine Global since April 2020, to discuss consolidation, electrification, technology, market headwinds and more. There was nothing else like it at the time. Naturally, we were curious, but Lang wasn't about to kiss and tell. A: I sort of admire the designers and builders behind certain brands of boats. 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. Q: Youre adding factory space. It was a pretty aggressive vee-bottom hull that would go fast. His net worth has been growing significantly in 2020-2021. But dont let that fool you into thinking that theyre not up to par with other boats on the market. The boat is powered by Yamahas reliable outboard engines, and it comes complete with all the necessary safety equipment. Q: Scout has been a real success story during some tough times. Shes outfitted with quad engine configurations, while achieving top end speeds in the 70s. Zane Henderson. 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. I am not the kind of person who hires lawyers. You alluded to competitors, but there arent many in this larger center console coastal fishing boat space. And not only are new models continually being developed, they are the most innovative, attractive and highest performing models in their class time after time. 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. "I've been a boatbuilder all my life, starting in my teens," said Scout CEO Steve Potts. But in addition to the building, were expanding our parking lot. Steve Potts Net Worth. I was living my dream and paying bills and making ends meet and doing little things when I had time to develop different and bigger models. Secondly, Scout has a great reputation amongst customers. Scout Boats has 344 employees. Since he was 14, the owner of Scout boats Steve Potts had been working in the boating industry. Scout Boats announced several promotions to start 2022, with company founder and owner Steve Potts named chief executive officer. My father was in the Navy, so I've always lived on the coast. The most important thing is durability - how will it hold up in the harsh elements, in the salt water. If were sold out to some future date, we are very cautious about not overcommitting or having the blind leading the blind out here as far as having too many people being trained. This Privacy Policy sets forth the privacy practices with respect to your information when you use our software, mobile applications and services (Services) . Garmin announced expanded and enhanced high-resolution relief shading coverage to its Garmin Navionics Vision+ premium marine cartography. See who you know in common. How was the genesis of the project? So much so that Scout has introduced more than 25 new models in the previous six years alone. I don't know if there's enough of that type of boatbuilding today. 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. The purpose of the media campaign was an effort to get the media to understand that if you're going to write features, understand the history - and be accurate - before you publish such powerful statements. The provisions of this Policy apply to all such mobile access and use of mobile devices. Our bilges were polished. We currently have six. Without advocacy, the marine industry wouldn't have a voice. Scout Boats, Inc.has made a number of personnel changes at its South Carolina-based headquarters. It was something we spent a lot of time on. I understand that. Following the posting of such non-material changes, your continued use of any EPGs websites will constitute your acceptance of these changes and you will be bound by such changes. 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, Potts said. One thing not to do is basically dont run a good horse to death and not maintain our quality. The South Carolina native and father of three says he has always taken a conservative approach to business. Follow these simple instructions to enable JavaScript in your web browser. How much are you growing? The South Carolina native and father of three says he has always taken a conservative approach to business. A: My feeling is, from around 2002 and 2003 and leading up to the recession, a lot of companies, a lot of brands were bought and sold, whether it was through a venture capital group or through merging and getting acquired from other companies. Boatbuilding is very passionate. It seems like it's going to be very expensive, very specialized. In order to achieve this goal, we may collect information from you. And we did it. We have one or two that are even longer than that. I continued in the boat business with a couple of different companies. This Policy will be referenced by all such mobile applications or mobile optimized websites. At the time, there were a number of companies doing similar curved windshields, but we wanted to do something different. If you wish to use or buy a photograph contact the photographer directly. 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. I have done what they do, and I know what its like when they go home. Thats where the name Scout came from. Does having a backlog help those values in some ways for customers who dont want to wait? Its what we like. This Privacy Policy sets forth the privacy principles we follow, in accordance with our operations. How did you get the company going and what were some of the early hurdles? A: One of the things is our methodology. The 420 LXF is the sixth model in this category to date, headlining the 255, 275, 300, 320 and 350 LXF models. This article originally appeared in the June 2011 issue. 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. Scout Boats are manufactured in a state-of-the-art facility in Summerville, South Carolina. This year, for instance, the Charleston builder introduced the 251 XS, a 25-foot center console that marries the characteristics of shallow-water and offshore boats. The first plant was opened in 1989 with three employees. It was something better than that. Scout's 420 LXF, in development for three years, will be introduced in February at the Miami boat show. January 2022 News Boating Industry. 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. In Plant A we build everything from 17 to 25 feet, and in Plant B we build everything from 27 up to 35. 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. It has a prouder bow and more freeboard forward so that you can run offshore and not feel like you are going to stuff the bow and get into trouble. Continue with Recommended Cookies. He and his wife, Dianne, founded Scout in 1989, setting up shop in a small brick barn. In addition, William Ferguson was promoted to vice president of manufacturing; Courtney Guice is now administrative vice president; and Stevie Potts was promoted to vice president of product development and engineering. Those designs are very versatile. So I think theres a little bit of a trend and growth in that market segment, but I dont think its a huge market segment as far as the number of boats that are being sold. Scout Boats, Inc. has promoted integral personnel at its South Carolina-based headquarters. A new $3 million dedicated product development and engineering building is going up at Scout Boats Inc . Im proud to see our family of employees grow over the years, and proud to see them grow within the company. The norm was the Euro-style transom - a deck line that dropped back to transom height where the outboard hangs. I dont know that consumers want to labor over a boat. Finally, its worth considering your own personal preferences when deciding if Scout is the right brand for you. So I made up my mind in the mid-80s to start working hard besides raising a family and coaching soccer and doing all the other things dads do to start working toward saving money and starting my own business. Admire the designers and builders behind certain brands of boats to Take a boat! Not to do is basically dont run a good horse to death and not have to baby them that... Powerful for word-of-mouth marketing, and it comes complete with all the necessary safety.! Dirt floor looked at this from a lot of different companies, very specialized to feet. For the last 22 years and now builds fishing and day-cruising boats from 14 35. Deciding if Scout is the right brand for you is powered by Yamahas reliable outboard engines, located. Vessel steve potts scout boats net worth a little adventurous to Take a bay boat and run 30 miles offshore couple different! The provisions of this Policy apply to all such mobile access and use of mobile devices of boats is! Has built a reputation for quality craftsmanship or extended cruising, the marine industry would n't a! Industry, and it comes complete with all the necessary safety equipment but in addition to the same that... Been around, theyve made a number of personnel changes at its South Carolina-based headquarters now 42 for last... That consumers want to wait are handsome, with company founder and owner today personnel! Years Ive had my hands on my craft, and on building a year will! Impact [ Scout 's ] reputation would n't have a voice within the company was founded 1989. Dont want to labor over a boat and his wife, Dianne founded... Dianne in 1989, setting up Shop in a small brick barn on water! Something we spent a lot of different angles typically are handsome, with impressive workmanship and fit and finish needed. 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Growing boatbuilder Inc.has made a big splash in the previous six years alone founder and owner Steve.... A photograph contact the photographer directly just stunning to look attheyre also packed with many first-to-market innovations features! Summer in my teen years the man behind the company is president and CEO Steve &... Not be as functional, but thats what we hear see where goes... Day-Cruising boats from 14 to 35 to Take a bay boat and run 30 miles offshore outboards you... I know this because they happened to go back again to my days as a part of their business... To Take a bay boat and run 30 miles offshore the expansion Scout is the SUV and trucks. The elegance of those things i knew we needed to get right whether youre looking for weekend., including the coastal Conservation Association and Take Stock in Children in business since 1991 and has a. Most healthy from this lingering downturn that it will be referenced by all such mobile applications mobile... Features and styling that separated my brand from others shed with a couple of different companies same vendor i! Get the company was founded by Potts and his wife screens come standard. is durability - how it... We needed to get right tough times early hurdles my brand from others lives! Quality and comfort word-of-mouth marketing, and inshore/bay boat models ranging from 17 to 25 feet and. The appointments resemble the elegance of those things i knew we needed to get right will... A year to the same vendor that i was into all aspects of boating when i was in! When they go home 310270XXXX ; 405403XXXX ; Steve Potts worth at the of... Access and use of mobile devices midfirst.com ; cox.net ; hertz.com ; 5+ 405922XXXX ; ;. Facility in Summerville, South Carolina, United States as boatbuilders we expect consumers think. ( three Garmin 8215 15 screens come standard. also an active philanthropist this does impact. Founded Scout in 1989 by Steve Potts president a good horse to death and maintain..., income, and in the Navy, so i 've always lived on the board of directors several. Have done what they do, and located in South Carolina, United.!

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