Starting a flight school
I think you are on the right track as far as starting out in the business(debt free). I'm self employed, and you should not let others deter you from your ambitions. The truth of the matter is most businesses don't show a profit for the first five years in operation...
Owning an FBO
Most folks that you question about starting an FBO don't have any business background whatsoever. You have to find a niche that is different from what other FBO's offer. Example: accelerated training versus traditional route, etc.
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