dom175B
I have experience of running a Non Equity Group at Leeds Bradford. My advice to you is:
1. DON'T whatever you do give up your day job.
2. However much you plan your costs to be - Double it.
3. Consider checkouts and who is going to do it.
4. Make sure you spend time with each new member and talk to them about care of YOUR investment.
5. Only do it if you want a lifestyle business, you will not make any money.
6. Be prepared for sleepless nights.
7. Have a contingency - get out structure.
8. Form your first group with friends, who will bear with you.
9. Put lot's of thought into collecting money and how!
All said, it's great having your own aircraft...don't spend too much though. Modern yes but don’t guild the Lilly.
Will I expand? I currently have 2 aircraft. An Archer III and a 172s I plan to buy a Cirrus next year but I'll be very selective who flies it.
If you intend this to be a career change then you will have to make profit. If you make profit you wont be that much cheaper than conventional hire (trust me). You will not attract the number of members you expect because if you do your sums correctly you can ignore price as a USP. Because it isn’t.
Good luck
CFG
Last edited by Creep Feed Grinder; 13th Nov 2007 at 15:09.