Great points here guys! I too thought there was lots of money to be made in outfitting until I became an outfitter. I run a VERY small outfit and had $16,000.00 in repairs alone last year. Add in the types of hunts that require bait and add a ton more of money. Guides wages, thousands a week for fuel, thousands weekly for food, governmental permits and licences. That's not even touching the purchase of equipment and upgrading of equipment yearly as well. If it's not a couple new trailers, or generators, or tents, a truck, atv's, or other things that wear out, it'll be the maintenance of all the stuff that kills you. The ongoing expenses while still making the payments on the business purchase and equipment purchases is tough.
All this said, I know that some outfitters lack in equipment or maintenance, as well as skimp on bait etc. but my point is that you don't know the 1/2 of it until you run an outfit.
I LOVE outfitting, love meeting new people and helping them in their pursuits. If I didn't have a good career I couldn't do it as a sideline. Perhaps the issue for me is that I have so few tags and still have the expenses of larger outfits. Either way, I've got a good taste of financial aspects of outfitting over the last couple years.
Ryan