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I was working for a great aerial photography and mapping company, and a wonderful boss. In his words he decided to "take early retirement" at age 92. He sold the company to another great guy, and all was fine until he went and got cancer and died. He idiot son inherited the business. The first thing he did was rape the saving and cash in the business account we had on hand to buy a new house for himself. That meant no more investment in new equipment in an industry that state of the art is the only way to survive.
Within 6 months the idiot son shut us down, sold the airplane, sold the building, and fired us. That was the best thing that has happened to my career. One of the other employees and I started our own company, we bought a 2004 Cessna 182T with the G-1000 glass cockpit, and we bought a digital camera system, a ton of computers and software. and opened up for business.
It has been a lot of work, but we are making a tidy profit. We will not be buying new 911s, but I don't really want a new 911. We have a good cash flow money in the bank and the airplane is worth over double the remaining loan on it and we could sell the airplane at a profit, but it ain't for sale.
So for me, yea, owning the business is way better than working for the man, or maybe put another way, I am the man. It is good to be the boss.
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Glen
49 Year member of the Porsche Club of America
1985 911 Carrera; 2017 Macan
1986 El Camino with Fuel Injected 350 Crate Engine
My Motto: I will never be too old to have a happy childhood!
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