Along with two partners (non pilots) we own a medical company in a state other than the one I reside in. I’m usually at the office a few times a month for a day or two and do most of things from home via web. Because of education, my responsibilities revolve around the finance and accounting aspect of the business and I’m the de facto CFO. Also, social aspects such as golfing with providers falls into my domain. The day to day running of the business is done by a management team we hired and we receive weekly reports and meetings from them. Along with those reports we can see the status of things thru electronic software. We don’t participate in the daily operations of the business but more of a Company Board. It was heavy capital intensive to open, and for a while we second guessed things often, however now it has a significant value and something that I can replace my income with should I have a need. In the meantime it’s a source of supplemental income to allow me to position myself financially for other opportunities.

While stressful in the opening I’m very happy I’m in it now as a backup plan as well as a tangible asset for my family, especially since it has resiliency in down markets (we have no cash transactions, all insurance).

Disclaimer
Prior performance is not indicative of future results. Consult your investment and tax professional prior to taking any actions. Investment in a business is not protected from loss.

Good luck!