REFLECTOR: sabbatical

[Grigore Rosu]

Doug,
 
If you managed to convince your wife that a finished certified Velocity is worth $50k more than the collection of parts and since you like building so much, then why not changing your self-employment area into a Velocity builder forever.  It is said that starting with the second or third Velocity built, one can significantly reduce the time it takes to build.  People at the Velocity Center said (when I was their in the head start program) that they can now probably finish one airplane in 6 months.  So here is the business plan :-)
 
1) buy 2 kits from Velocity a year
2) finish them
3) sell them for a total profit of $100k
4) go to 1
 
I'm actually only semi-kidding.  My father is about to retire in Romania and he is already getting bored to death, he needs to do something.  I'm thinking of bringing him to the US and give him airplanes to build.  I think that fastbuilt Velocity kits are the fastest to complete on the market.  Anybody has already thought of this?  Is it worth doing?
 
Grigore

________________________________

From: reflector-bounces at tvbf.org on behalf of Douglas Holub
Sent: Sat 2/17/2007 14:36
To: Velocity Aircraft Owners and Builders list
Subject: Re: REFLECTOR: sabbatical


Irving, Texas

	----- Original Message ----- 
	From: Terry Miles <mailto:terrence_miles at hotmail.com>  
	To: 'Velocity Aircraft Owners and Builders list' <mailto:reflector at tvbf.org>  
	Sent: Saturday, February 17, 2007 1:29 PM
	Subject: Re: REFLECTOR: sabbatical


	Well said.  Where are you located, Doug?

	Terry

	 

	
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	From: reflector-bounces at tvbf.org [mailto:reflector-bounces at tvbf.org] On Behalf Of Douglas Holub
	Sent: Saturday, February 17, 2007 12:41 PM
	To: reflector at tvbf.org
	Cc: susie.holub at tx.rr.com; Leigh Klettke
	Subject: REFLECTOR: sabbatical

	 

	I bought my third-hand, 50% completed Velocity kit 7 years ago. I became self-employed 6 years ago, partly so that I could have more time to work on the airplane. It turns out that I had been getting more done while working an 8 to 5 job than I was getting done while being self-employed. Years went by with nothing getting done. Then we had that Velocity symposium in Sherman last year and that got me motivated again. I've been working at least a half day on the airplane every week since last March.

	 

	And now it occurs to me that I am due a sabbatical. I've worked hard as a self-employed electronics engineer for 6 years, and I'm not getting any younger. (I'm 51.) So starting next month, I'm taking a year off from work to try to finish building this airplane. Wish me luck!

	 

	You know, you can always make more money, but how much do you really need? It seems like no matter how much money you have, you don't feel very secure unless you're always making more. But I'm not falling into that trap. I want to build this airplane, and I'm going to build it. And if my net worth when I die is $50,000 less because I took a year off to build an airplane, so be it. Who cares? Not me. 

	 

	How does my wife feel about this? (We have 3 kids: two in college and one a junior in high school.) She is actually very supportive. She enjoyed traveling around the country when we owned a Tri-Pacer 15 years ago, and is looking forward to being able to do that faster and in more comfort. And I've convinced her that the Velocity will be worth about $50,000 more when it is certified than it is as a collection of parts. So that, even though there is no cash flow benefit, I will still be doing productive, profitable work this year. Plus we have some residual income from the work I've been doing so that we shouldn't need to dip into our savings too much as long as we keep our expenditures down. 

	 

	Carpe diem!

	 

	Doug Holub

	
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