Originally Posted by tomgoodman
Sky,
Congratulations! You seem to have found success and happiness by starting your own business, which is neither easy nor risk-free. Most small businesses fail, usually from inadequate research or undercapitalization. We could use more posts from pilots who have successfully transitioned to other careers, offering advice and warning of pitfalls. Sometimes a pilot is forced out of the cockpit on short notice, so alternatives are always worth thinking about.
Thanks Mr. Goodman,
I was forced out and on short notice. At first I was scared. What if the business failed? Business owners take a lot of risk, but then I remembered that I have invested much into my aviation career and placed my destiny in the hands of strangers as an employee. Many times I have been furloughed or took the brunt of others mistakes without even an equity stake if it was a success. Looking back it seems that living as an employee was the biggest risk of all.
SkyHigh