Posted on Caribbean forum - looking for partners for start-up
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Posted on Caribbean forum - looking for partners for start-up
There is a very good chance that in the near future I will be starting a new charter business in the Caribbean. I am a Canadian citizen so it will have to be based outside of U.S. and French possesions; i.e. somewhere along the likes of St. Vincent, Barbados or Turks. I have $250K US in capital, an MBA (Montreal's Concordia University International Aviation program: will be complete 10/03) 4000 hrs (Arctic and U.S. high density commuter time) and 6 years of industry experience at smaller Cdn charter ops where I did everything from maintenance to check-in, fuelling and flying (including some of the worst weather in the world in Baffin Island and Greenland).
What I am looking for are other partners (preferably maintenance engineers / pilots) who may be interested in joining in as minority working partners. I don't think its unreasonable to expect a manager to want to invest in their own company if they believe in the possibilities, but I agree its not for everyone. It is a sensitive issue but I don't see it as buying a job if you also share equally in the profits. Its more like just getting your fair share but I admit it isn't as pleasant as showing up to work for someone else.
What I absolutely don't want are people who are only looking to gain experience and then move on. I think 5 - 7 years is not an unreasonable committment and as part owner, you would also be entitled to a proportional share of distributed profits and your entire capital would be protected by debt covenants arranged thorugh legal counsel.
I would use the majority of my capital as general working capital for day-to-day expenses so if things don't work out, I'm really the only one who loses. There would also have to be an understanding that we would be guests on this island and I think its only proper to help the less fortunate in their community each week, either through volunteering or something else.
I won't be ready for about another 2 months but I would like a feel for the level of interest in this. Initial free capital on your part would be in the $100,000 US area (or assets pledged to that amount, either borrowed or leased but title remains in your name) and I'm hoping for about 3 - 4 partners. There are ways to access that amount of capital quite easily if you PM me.
I think you should also be aware of the risks in anything like this but in general, a well run, customer service driven air charter carrier adequately capitalized and properly researched before-hand can do quite well from what I've seen. I'm not looking to get rich at this but I'm certainly willing to take a chance. I mean, how many airline pilots have lost far more in divorce court and now have nothing but bad memories from the experience (not to mention the monthly cheques).....Thanks and please PM me for any more details.......
What I am looking for are other partners (preferably maintenance engineers / pilots) who may be interested in joining in as minority working partners. I don't think its unreasonable to expect a manager to want to invest in their own company if they believe in the possibilities, but I agree its not for everyone. It is a sensitive issue but I don't see it as buying a job if you also share equally in the profits. Its more like just getting your fair share but I admit it isn't as pleasant as showing up to work for someone else.
What I absolutely don't want are people who are only looking to gain experience and then move on. I think 5 - 7 years is not an unreasonable committment and as part owner, you would also be entitled to a proportional share of distributed profits and your entire capital would be protected by debt covenants arranged thorugh legal counsel.
I would use the majority of my capital as general working capital for day-to-day expenses so if things don't work out, I'm really the only one who loses. There would also have to be an understanding that we would be guests on this island and I think its only proper to help the less fortunate in their community each week, either through volunteering or something else.
I won't be ready for about another 2 months but I would like a feel for the level of interest in this. Initial free capital on your part would be in the $100,000 US area (or assets pledged to that amount, either borrowed or leased but title remains in your name) and I'm hoping for about 3 - 4 partners. There are ways to access that amount of capital quite easily if you PM me.
I think you should also be aware of the risks in anything like this but in general, a well run, customer service driven air charter carrier adequately capitalized and properly researched before-hand can do quite well from what I've seen. I'm not looking to get rich at this but I'm certainly willing to take a chance. I mean, how many airline pilots have lost far more in divorce court and now have nothing but bad memories from the experience (not to mention the monthly cheques).....Thanks and please PM me for any more details.......
