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Did you get the memo?
Join Date: Mar 2003
Location: Wichita, KS
Posts: 32,383
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Once Again Gainfully Employed
I thought I'd update the OT crowd on my 2014 employment saga. Cliff's Notes - laid off in April after my employer was purchased by our primary competitor and my organization largely eliminated, considered moving to AZ, started my own specialty car business. In the event you're bored, my drama is documented here:
Laid Off Today What I've Been Up To In The Garage....... As of Monday I'm happy to report that I'm again gainfully employed. Again in aerospace, but now at a smaller manufacturer of motors, fans, actuators, starter/generators, and other such gizmos. They are owned by a large aerospace consortium but have very independent P&L responsibility, so it's really the best of both worlds. My new role is a mix of engineering and sales, which is super appealing to me. On the surface it seems to draw in much of what I have enjoyed in past roles, and I love the company and the people. Yes I'm keeping the car business, it will just be in a reduced capacity. I'm going to probably stick to buying and selling Porsches, as well as continuing to offer flat rate auction locating services. I'll likely turn 2-3 cars per month, currently incoming are a 2009 Cayman and 2010 Boxster.  It's been a damn hard year, but today I have a job that I'm excited about, a company that I'm excited about, the same pay that I had at my previous job, and my own profitable side business. So in the end, after a tough eight months, I'm better off. Number one lesson learned from this experience - limit your liability. We were fortunate to only have a very reasonable 15 year fixed rate mortgage, significant equity, and a strong cash savings account, so we were well prepared to weather the storm. If we had car payments or other liabilities, it would have been very difficult. As a result of this experience, top priority is to pay off our house and stay debt free. If I had one bit of advice to offer, it would be to build up a cash savings account with approximately 6 months of living expenses then aggressively attack your debt until it is gone. True freedom is owing no one. Anyway, great way to start 2015. Thanks to everyone for their help and support, you helped me through a tough time. This is a special place.
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‘07 Mazda RX8-8 Past: 911T, 911SC, Carrera, 951s, 955, 996s, 987s, 986s, 997s, BMW 5x, C36, C63, XJR, S8, Maserati Coupe, GT500, etc Last edited by onewhippedpuppy; 12-31-2014 at 07:12 PM.. |
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12-30-2014, 04:29 PM
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Registered
Join Date: Oct 2003
Location: Michigan
Posts: 14,093
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Excellent news, Matt!!
Good luck with the new gig!
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1981 911SC ROW SOLD - JULY 2015 Pacific Blue Wayne |
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12-30-2014, 04:34 PM
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On Tour
Join Date: Apr 2010
Location: New Mexico
Posts: 1,500
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Awesome...glad to hear it!
Regards,
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- 2018 Cayenne S 958.2 - 1988 Carrera 3.2 Coupe Marine Blue (SOLD) |
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12-30-2014, 04:34 PM
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Registered ConfUser
Join Date: Aug 2006
Location: Waterlogged
Posts: 23,493
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Congrats Matt...
To success!
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Mike “I wouldn’t want to live under the conditions a person could get used to”. -My paternal grandmother having immigrated to America shortly before WWll. |
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12-30-2014, 04:36 PM
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Cogito Ergo Sum
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Congrats Matt! Glad to hear you are doing well!
Shame it's not in AZ though. 
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12-30-2014, 04:42 PM
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Registered
Join Date: Dec 2001
Location: Cambridge, MA
Posts: 44,315
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Congratulations Matt! Here's to a great 2015 for you and your family!
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Tru6 Restoration & Design |
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12-30-2014, 04:46 PM
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I'm with Bill
Join Date: Jun 2005
Location: Scottsville Va
Posts: 24,186
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Nice
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Electrical problems on a pick-up will do that to a guy- 1990C4S |
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12-30-2014, 04:47 PM
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another round please
Join Date: Sep 2004
Location: Carmel In.
Posts: 4,452
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Well thats the best news yet. A new "everything" for you. Enjoy the new year.
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Getting old is not for wimps. |
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12-30-2014, 04:51 PM
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Petie3rd
Join Date: Jul 2000
Location: Philly PA
Posts: 4,528
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Great to hear Matt , good luck on your new path
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^^^ Stan ^^^ 2019 BMW K1250 GS 2016 HD RK 1988 S4 Auto , Elfenbein Perlglanz, Pearl Gray 1982 5sp Met black and tan sport seats |
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12-30-2014, 04:52 PM
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Registered
Join Date: Mar 2008
Location: Fla panhandle / Roaming in my motorhome
Posts: 4,332
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Great news , glad to hear it.
But does this mean we don't get to keep seeing the steady flow of cool cars that you have been sharing lately. Whatever, happy to hear it. Good way to start the New Year! Cheers Richard |
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12-30-2014, 04:53 PM
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Did you get the memo?
Join Date: Mar 2003
Location: Wichita, KS
Posts: 32,383
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Quote:
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12-30-2014, 05:12 PM
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Bandwidth AbUser
Join Date: Nov 2001
Location: SoCal
Posts: 29,522
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Congrats Matt!
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Jim R. |
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12-30-2014, 05:18 PM
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Vafri
Join Date: Sep 2007
Location: Worldwide
Posts: 2,144
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Great new year news!
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12-30-2014, 05:27 PM
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Registered
Join Date: May 2004
Location: Lake Cle Elum - Eastern WA.
Posts: 8,417
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Great news Matt.....I admired how you "took the bull by the horns" and got your business going...
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Bob S. 73.5 911T 1969 911T Coo' pay (one owner) 1960 Mercedes 190SL 1962 XKE Roadster (sold) - 13 motorcycles |
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12-30-2014, 05:27 PM
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Registered
Join Date: May 2008
Location: Harford Co, MD
Posts: 1,623
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Congrats! Glad to see good things happening to good people.
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-Brad 2002 Carrera2 1986 944 Turbo |
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12-30-2014, 05:31 PM
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You do not have permissi
Join Date: Aug 2001
Location: midwest
Posts: 39,864
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You didn't skip a beat.
Congrats and happy new year. |
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12-30-2014, 05:32 PM
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Registered
Join Date: Oct 2003
Location: Mount Pleasant, South Carolina
Posts: 14,161
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Congrats!
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12-30-2014, 05:44 PM
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Registered
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Best of luck in the new job!
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12-30-2014, 05:49 PM
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Registered User
Join Date: Sep 2010
Location: Not Virginia
Posts: 517
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Congrats man!
Keep in mind, in 10 yrs the side business still might become the main one, seems like that's how the really successful things get started |
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12-30-2014, 06:00 PM
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Registered Abuser
Join Date: Jul 2007
Location: Southwest Montana
Posts: 2,738
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Good News! Great advise, never give up on self employment, working for others is a true variable. Keep the car business you have a good eye for it and your a sharp guy.It will be a twin engine for you.
One of the best quotes seen here. Quote:
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MT 930 1987 930 - Gone but not forgotten A man with priorities so far out of whack doesn't deserve such a fine automobile. I would rather wake up in the middle of nowhere than in any city on earth - Steve McQueen американский |
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12-30-2014, 06:02 PM
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1986 Porsche 944 2.5l
