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December 3rd, 2007, 08:37
| #1 |
| Junior Member  Join Date: Jun 2004 Location: Trenton , Ontario , Canada
Posts: 89
|  Starting your own flying buisness
As I'm getting my ratings I am thinking to myself that I am making a decent amount of money for my age and I could afford an older good condition 172. Being the little business minded person I am I thought about starting a sightseeing/shipping/advertising/instructing business. What should I focus on when looking to start a company as such? Licences, Permits, How much will insurance be? any other big costs? What do ya think!? |
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December 3rd, 2007, 13:07
| #2 | |
| Old Skool Join Date: Mar 2004 Location: _
Posts: 5,504
| Re: Starting your own flying buisness Quote:
In order to do sightseeing, I *believe* you have to have some sort of a drug testing policy in place, as that falls between strictly flight instruction and charter.
__________________ "It takes just as much time to be nice to someone as it does to be a jerk." | |
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December 3rd, 2007, 16:51
| #3 |
| Senior Member  Join Date: Oct 2007 Location: Okinawa, Japan
Posts: 306
| Re: Starting your own flying buisness
The best way to learn about any business is by working in it. Go to your local FBO and get a job -- line boy, admin/ops clerk, CFI, etc. You'll learn about the industry and be in a better position to start your own business.
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December 6th, 2007, 02:06
| #4 |
| Junior Member Join Date: Jun 2004 Location: Trenton , Ontario , Canada
Posts: 89
| Re: Starting your own flying buisness
Oh of course I'll have my commercial and ratings to do such. I was just wondering about any other costs? Insurance , Business costs etc? Im 20 now and could own the plane outright in 2 years therefore all cash flow, Im just wondering if it would be profitable? Im sure I could do alot of advertising in schools for school trips or something... What do you think? |
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