Flying over the skies of entrepreneurship

When I first entered the world of entrepreneurship, I never imagined how much it would resemble the experiences of a pilot taking to the skies. As someone who has spent years immersed in technology and innovation, the parallels between these two seemingly disparate fields are becoming increasingly apparent.

Both roles require a unique blend of vision, precision and adaptability.

I’m going to share my thoughts on the surprising similarities between flying a plane and running a startup, based on my own experiences and insights.

Before a pilot steps foot in the cockpit, it is essential to conduct a thorough pre-flight check. This process involves inspecting the aircraft, checking the weather conditions and ensuring that all systems are working properly.

Similarly, in the business world, thorough preparation is crucial.

When I co-founded FAVORIOT, the initial phase was similar to performing a pre-flight check. We meticulously researched the market, analyzed potential challenges, and developed a comprehensive business plan.

“Every successful business starts with a solid foundation,” I often remember it.Skipping the preparation phase can lead to unforeseen complications.

The importance of preparation, both in aviation and in entrepreneurship, cannot be stressed enough.

Just as a pilot would never take to the skies without a thorough review, an entrepreneur should never launch a business without a well-thought-out strategy.

There’s nothing like seeing months, or even years, of hard work finally take off.

“That’s it”, I said to myself during the launch. “We are finally in the air”.

However, just as a pilot must maintain control and ensure a smooth ascent, an entrepreneur must carefully manage the initial stages of the business.

The excitement of takeoff must be balanced with a careful eye on the instruments and the trajectory of the company.

There is no flight without turbulence.

Pilots are trained to deal with unexpected challenges, whether sudden weather changes or technical problems. Turbulence comes in many forms in the business world: market fluctuations, competitive pressures or internal company struggles.

During the first years of FAVORIOT, we faced numerous obstacles.

There were times when it seemed like we were flying through a storm.

A specific case (Covid-19 period) is a sudden market change that threatened our business model.

“We need to stay calm and adjust our course”I remember thinking. “Panic won’t help us. We have to navigate this carefully.”

In such times, it is essential to remain calm and make informed decisions. Just as pilots rely on their training and instincts, business owners must rely on their knowledge and experience to steer the company through difficult times.

An airplane pilot does not operate alone. He has a co-pilot and a crew to ensure the success of the flight. Similarly, an entrepreneur needs a strong team to build a successful company.

At FAVORIOT, one of my top priorities has been to build a team of qualified and dedicated people.

Leadership in both contexts involves clear communication, trust, and collaboration.

“We are all in this together”I often say to my team. “Our success depends on our ability to work as a cohesive unit.”

Just as a pilot must guide his crew during the flight, an entrepreneur must inspire and guide his team during the entrepreneurial journey.

Synergy between team members can make or break the mission.

Every flight begins with a flight plan before it takes to the skies: a detailed outline of the route, altitude and time that provides a clear path to the destination. In the business world, having a strategic vision is similar to having a flight plan.

It’s about knowing where you want to go and how you plan to get there.

When we launched FAVORIOT, our vision was clear: to become a leading IoT solutions provider.

This vision guided our decisions and strategies like a flight plan guides a pilot’s course.

“Stay focused on the destination,” I remind myself during difficult times. “The journey may be unpredictable, but our ultimate goal remains the same.”

A well-defined vision helps navigate the business through uncertainties and keeps the team aligned and motivated.

Pilots often have to make mid-flight adjustments, even with a solid flight plan, due to changing conditions. Entrepreneurship requires a similar level of flexibility.

The business landscape is dynamic, and the ability to pivot and adapt is crucial.

There was a time when FAVORIOT had to modify its approach due to new technologies and changes in market demand.

At first, this was daunting, but it turned out to be a turning point for our company’s growth.

“We have to adapt or we risk being left behind,” I realized. “Flexibility is not a sign of weakness, but a sign of strength.”

Being open to change and willing to adjust strategies can lead to new opportunities and innovations.

A smooth landing is the culmination of a successful flight. It requires precision, skill and careful execution.In the business world, bringing a project or business to a successful conclusion reflects the landing process.

It’s about keeping promises, achieving goals and ensuring customer satisfaction.

When FAVORIOT completed its first major project, it was like a successful landing.

The sense of accomplishment and positive feedback from customers was rewarding.

“We did it”I thought. “All the hard work has paid off.”

Just as a pilot takes pride in a smooth landing, an entrepreneur finds satisfaction in successful execution and positive results.

Both pilots and business owners are aware that the learning process never ends. Pilots undergo continuous training and simulations to stay sharp and prepared for any situation. Similarly, business owners must continually train, stay up to date with industry trends and learn from their experiences.

I have always believed in the power of continuous learning.

Whether attending conferences, reading industry publications, or interacting with other thought leaders, staying informed and adaptable is critical to sustained success.

“Never stop learning”, I tell myself. «Every day brings new opportunities to grow and improve.»

The parallels between being an airline pilot and an entrepreneur are profound.

Both roles require preparation, adaptability, leadership and a clear vision.

My journey with FAVORIOT has been a testament to these similarities.

As I continue to soar through the skies of entrepreneurship, I carry with me lessons learned from both worlds.

Every day is an opportunity to soar to new heights, meet challenges head on and embrace the thrill of the journey.

“Keep flying, keep trying,” I remember. “The sky is not the limit; it is just the beginning.”