Young person with a few years under his belt working for various shops, I think about ready for the IA.
Wants to know, what advice would you give him? I think he wants to be a one-man operation at a smaller airport which might have another A+P.
Business advice
Regulatory advice
Ethics advice
Maintenance practices advice
Customer relations advice
(no employees)
What else?
Let’sgo:
As others have stated, a fixed-base, one-man shop is a difficult road to take, especially if planned at a small airport with an established mechanic onsite. But the concept is still valid today with some adjustments. The first being go mobile and drop the “fixed” side.
Not knowing the experience level, background, or general location of your young friend, it is difficult to give specific input. However, since he doesn’t have his IA yet, I’ll assume he’s been in the industry for less than 5 years.
First, keep the day job and work as a freelance mechanic, or work with an established mechanic/shop on your time off from the day job. If you think this will cut into your “free time” too much, then don’t try the fixed one-man shop road as their only free time is when they aren’t making money.
I spent years doing the above to good success. However, I had a great day job that offered the ideal 1 for 1 work schedule. So I always had "block days" of off-time. But there were others who did this working a mon-fri schedule to great success.
Having the day job keeps food on the table, bills paid, and capital to invest in your new venture, like insurance, specialty tools, continuing education, etc. It also gets you through the slow times and keeps you sane. If things work your way you can always look at quitting the day job in the future.
As someone had mentioned above, find a niche, or specialize in a task or aircraft type, that will have people calling you. And with today’s technology and digital platforms, you can market your skills to the whole world if you choose. I was limited to Saturday breakfast fly-ins and word of mouth to market my services.
Several niches that I believe offer good possibilities are electrical and/or avionics troubleshooting/repair/install, onsite owner-assisted maintenance, and assisting experimental amateur-built and the LSA category aircraft. However, I wouldn’t pursue the latter of those examples until you have a little more experience maintaining complete aircraft.
The key to these niches is providing these services on the road and onsite. Charging mileage and travel time when appropriate will take care of these expenses. Of all the one-man mx ops out there, the traveling mechanic is the one I see disappearing the fastest.
On the negative side, in all honesty, the only real roadblock to this venture is obtaining insurance to cover your work. Everything else associated with running your business is manageable. The number of insurance underwriters that back freelance mechanics has dropped 90%. And those that do back these type plans may require a mobile, freelance mechanic to purchase a complete “hangar-keepers” policy that covers fuel storage, aircraft storage, and mechanic liability. It’s a b*t*ch to pay for something you can’t use. But I did it for 8 years after my policy changed. And so can you.
Without more details on your friend, I’ll end with these tidbits:
Business advice:
-- form a LLC at the minimum. A number of states allow you to do this online, but I recommend discussing with an attorney prior. Pick a good name… not Bubba’s Air Repair.
-- open a business bank account
-- discuss everything with an accountant prior. It’s worth paying for a few hours of his time. Trust me.
Regulatory advice:
-- Never stop learning. Obtain all the credentials you want, but never
over-estimate yourself. Learn to say no when appropriate, no matter what they offer. Always provide the regulatory side of your opinions as you interpret them, otherwise they're just opinions. But never stop learning.
Ethics advice:
--never lie, cheat, or steal. There’s 3 things a person can never get back completely: their age, their health, and their reputation. But if you run across a total pr**k feel free to call them out and kick them out your area.
Maintenance practices advice:
--never stop learning… again. And don’t
over-estimate yourself… again.
Customer relations advice:
-- explain everything to the level needed for the customer to understand. There's no such thing as a stupid question. The same question asked/answered on multiple times is another matter. Charge a fair rate and obtain a basic written understanding of the work to be performed. Learn to diplomatically stand your ground as the customer is not always right. But also understand the customer could be right and learn from it.
What else? All depends…. Good luck!