Cost Per Hour for PA-31-350

In article ,
"Jim Burns" wrote:

"Jim Macklin" wrote in message
news:aOQfg.25274$ZW3.17979@dukeread04...
Yes, insurance will cost more. real world stuff snipped Then you
may get your first revenue flight and get paid eventually.
--
James H. Macklin
ATP,CFI,A&P

And on top off all that you have to pay your employees, the payroll taxes,
unemployment taxes, workers comp insurance, what no benefits??? oops, here
comes health insurance, dental, eye glasses, AFLAC, 401k, vacation pay, sick
pay....

Non airplane company owned vehicles? License, registration, insurance, gas,
maintenance...

Corporation or LLC?
Accountants, lawyers, state and federal filing fees, corporate
registration...

Oh, this isn't a cash operation? Bankers, interest, fees, lines of credit
and operating loans on top of initial purchase loans...

Dispatcher, receptionist, chief pilot, co pilot, backup on call pilot,
A&P/AI, go-fer/floor sweeper...

who buys the charts? Top pilots will insist that you do... GPS
subscriptions? XM weather subscription? AD/SB/Maintenance manuals and
subscription services?

Phone lines, heat, electricity, internet service, cleaning service...

Uniforms?
Overnight hotels for the crew?
Non flying hour pay for the crew?
Per deim allowance for crew expenses?
What about maintenance? More full time employees?
What equipment and tools will you have to own that your mechanics won't
have?
Spare parts inventory?

Oh, did I mention depreciation? Yep, every thing you bought just got worth
less when you want to sell it.

Worth it? Absolutely... IF your true love and passion is aviation. Because
it will only be that love and passion that sees you through the hardtimes,
hardship, and the heartache that comes with any business.
One of the most common attributes of truly successful businessmen is that
they excel and prosper by doing things that they love and have a passion
for.

Approach it with your eyes and mind wide open, and only then open your
wallet.

Sincerely wishing you good luck... it can be done.

Jim





Thank you guys for all your input so far. So far I figure it will cost
between $2.86/sm to $2.98/sm. Does this seem a little high?