Ship building industry is known to go up and down like anything. There is a time when you are thriving like anything all the business is coming your way and everything seems perfect. Suddenly in a moment you observe that orders are not coming business is falling down and you are left with no way to go. It takes just from doing well to getting out of the business. This is how industry works and this fluctuation has made one of the bets company exit. Here we are talking about the ICON Yachts. It is prominent name in the ship building industry and has earned the trust of customers by offering top of the line services and support.
But as it is well known that market fluctuations has caused this company to face the hardest times that a company could face. The industry scenario happened to be such that company just couldn’t pass through it. Concerned people such as Ton van Dam have tried their level best to save company from bankruptcy but nothing worked. It that time, the bankruptcy was the only option to manage a decent way out. People blaming Ton van Dam for the fate of ICON Yachts need to understand that it wasn’t his fault.
Sometimes the best people in business can’t help it, and that is what happened with ICON Yachts. Ton Van Dam is a gem of investor and he can easily judge the fate of the commodity or the company. He is someone who has all the understanding of the industry and you can’t point a finger at his capabilities. What happen with ICON Yachts was unfortunate and Ton van Dam tried his best to make sure a great future.
Not many people know but he and some of his inventor friends bought back the ICON Yachts after it got into bankruptcy. He thought that company has potential and with his skills he can make far better than before, which seems a great things as he is working hard to make ICON Yachts a giant in the ship building industry. Lately, the company has doing great and it seems that it is on its way to the top. People saying Ton van Dam is not right for ICON Yachts just need to wait and watch.
When a ship sinks, all fingers are pointed at the captain only. But captain is not always on fault, sometimes its ship’s destiny to sink down and you have to let it go because that is the only way possible. In this hypothesis, ICON Yachts is the ship and Ton Van Dam is the captain. It’s been while, people are saying Ton Van Dam took ICON Yachts into the debts and couldn’t help the company out to the top again. This is the view point of the people who are not familiar with the conditions of ICON Yachts and they don’t know that the people like Ton Van Dam couldn’t do much to save a company which is sensitive to economic fluctuations.
Yes, ICON Yachts went bankrupt in February 2014, but that is because there were no order for last two years and something like this will thrash any business giant leave away the ICON Yachts. Ton Van Dam directed the bankruptcy himself because it is better to let things go before they become unplayable liability. Same happened with the ICON Yachts. There were too many debts on the company and settlement was too complicated to work. Ask any business head and they will tell you that there is no way to overcome from such a situation.
ICON Yachts worked really well from 2005, when it started, to a very long period, but due economical fluctuations and the volatility of the industry it couldn’t thrive further. These things matter a lot in the business scenarios. When economic and industrial situations tighten the grip around the company’s neck, operators and investors can’t really do anything. What they can do is they can look out for better future possibilities and by showing a great amount of interest in the ICON Yachts, Ton Van Dam has made very clear that show is not over yet.
After this ship building company went into bankruptcy, it was Ton Van Dam and few of his associates who managed the tents. They helped ICON Yachts stand again with the heavy investments and these people have substantial interest in the well being of the company. Ton Van Dam is experienced investor, and the case with the investors is that they can smell the good opportunity from far off. Ton Van Dam continuing as the owner is the best course of action for the company because he is the person who has the potential to make this company great again.