Starting a drone business with $2,500

[@TheHeroCam]

I have been watching tons of these videos. 2021 the biggest answer is "if you dont have 10k, you dont already know what is going on, just stop you dont belong." Glad to see some people who dont feel that way. You should make a 2021 updated video on this topic.

[@Garage2fifty7]

Awesome video! Are you guys on spotify? would love to listen at work!

[@fr8xusa]

The information and advice is very helpful. I'm new to the Drone scene, but very fast learner. I'm 44yrs old and very interested in starting my own business with photography and video. Thank you for sharing keep up the great work. I look forward to joining with Drone U very soon!!!!!!!!!!!! God Bless!

[@JeffreySmallwood]

So much judgment on the comments. Thanks for giving out great advice DroneU. Keep them coming.

[@jon_almas]

Can you guys please speak to setting up a single member LLC vs just a DBA sole proprietorship to start ? Or point me to a video you made that does ?

[@joeyduren5077]

Jon Almas, (not a pro, make sure you ask a pro before using this info) this works differently per state, but the moment you start doing business activities with the purpose of making money, you automatically become a sole proprietorship. An LLC has to bet set up through you Secretary of State, and it is an easy process. Neither are tax entities, so they don't have to be reported to the IRS, just include the activities with personal taxes. Biggest difference is the liability. SP is tied to yours assets, an LLC is not. It probably comes down to your risk tolerance, but LLCs are cheap and I go with one whenever a business grows enough. You can transform a SP into an LLC at any time.

[@michaelmarchese]

If you operate as a DBA and something goes wrong like the drone crashes into someone. If your insurance company doesn't cover all costs to settle the injury claims that will come the LLC wiltt protect YOU from being personally held liable for any amount that the insurance company won't cover in that situation. Generally a LLC protects you and your wealth from being taken from you if you get sued for any reason. If you don't get an LLC you are being stupid.

[@audioentertainment]

14:50 - Dave Ramsey says the only kind of ship that doesn't sail is a Partnership.

[@joserobertocolindreslopez6046]

Thank You Mr Paul and Rob partner for your greet Show is very education for everyone in the Quadcopters ,I have purchase a good fleet of 4 Phantoms and 2 Inspire 1. And I have experience flying, because I know this is the future after the internet and I have a passion for this hobby I invested for this business that I have but I am waiting to take the 107 ,again my Questions are if I am in the right direction to make it in this adventure and Do you have a book for the 107 exam .Keep the good Work . From Tampa Florida. God bless you 2

[@titusnixon]

Great information I think I will follow your advise. been in Film and video for over 25 years and just trying to get into drone filmmaking. I would not buy equipment like I did when I first started, but that was 25 years ago, and the landscape has change a lots sense then. Equipment change to much..tomorrow we will be shooting in a different format and your equipment will be no good to you..but that's me

[@charlesstokes8731]

AMA insurance is not valid for commercial work.

[@carlwkalb]

you mentioned that a P4 is enough drone to start a business. what about mavic pro? could it be used? or is it not enough?

[@Mpactpics]

The MP shoots 4k. Maybe not quite as impressive in size, but most guys have a work around for that. Bottom line, the MP can get the job done.

[@RamataKAhn]

The MP has a significantly lower bitrate than the P4, which will cause softening and a washing-out look in certain shots.

[@VikingFury]

What does buttery smooth certified mean?

[@zook2k5]

What's the name of the drone he mentions at 17:03 after he says the inspire?

[@DroneU]

..than say an Inspire or a larger drone..

[@JeffreySmallwood]

Drone U question? What do y'all think about lens hood on the P4 ?

[@johnbatchler8551]

for insurance join the AMA.

[@sobebryant]

isnt this insurance only valid on ama fields?

[@denaliaerial9971]

You all's flat bills are freaking me out! Lol

[@dei-wan-grey3888]

I m the same as the last guy but not new to flying

[@alvinmendaros]

you guys are all over the place

[@HelloThere-xs8ss]

Hey, another Alvin. :-)

[@drscot1t]

Just answer the questions. Why does DJI not get the XT Thermal camera to fly with the Inspire 2? It flies with the limited time on the Inspire 1. Its all about time in the air with the camera you want. Get the XT to fly with the Inspire 2 please. As a small search an rescue club, we purchased the I2 as it is suppose to be be better than the I1. Everyone says that. Gimble is the same but DJI is very poor with customer service, as they can only read off of a web page. The techs admit that. Nobody has the answer why they will not make it , the XT, available for the Inspire 2. Please email a REAL answer. DJI certainly won't. Frustrated,

[@BrettFosterDotNet]

what are you talking about? how is a crop sensor camera ie: a6500 bigger than a full frame? you are just straight wrong.

[@Oldworkinman]

And on and on and on and on.... Blah blah blah. Get to the point.

[@Ronrook1]

For the love of Pete, get to the point!

[@titusnixon]

Damn Paul you can grow hair on your face... that looks rugged

[@LanguageOfTheMad]

Jesus christ, get to the god damn point!