From day one of flight lessons, the idea of safety is drilled into the student's psyche. Every category, from General aviation to the airlines harp on safe practices and learning from the mistakes of others (because you'll never live long enough to make them all yourself!).
In the second installment of the series, we addressed building a road-map for your freelance pilot venture: The Business Plan. But wait, shouldn't we have taken care of this already? Maybe. As we spoke about in that module, however, a business plan is a living document/concept. It is iterative and the moving parts continue to move as the business evolves. So the blueprint is the draft started last time. Now it's time to pour the concrete and create a solid foundation.
It's a cliche and quotation rich environment when "experts" talk about business plans, business planning, pitch-books, elevator pitches, etc. This saves the author from having to come up with new pearls of wisdom; they can just be borrowed from those respected throughout the years. This discussion will focus on the why and a little bit of the how to plan for a career as a contract pilot.
Independence is in our DNA....heck, it's in America's founding documents. For many professional pilots, the ideal life would be to have total control over when to work, where to work, and for whom to work. For an entrepreneurial few, this may lead to a career as a Contract Pilot. But just because it may be an option, it still may not be appropriate.
Losing your job can be financially devastating, but there are ways you can handle layoffs. Budgeting, tracking spending and taking care of unemployment are the first steps.
The recent market downturn could be a beneficial opportunity for some investors. Should you be taking advantage of today's bear market? We'll help make your decision easier with these 5 considerations.
