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Scott Buss – Live by Principles of Trust and Transparency
23rd February 2021 • My Worst Investment Ever Podcast • Andrew Stotz
00:00:00 00:16:04

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BIO: Scott Buss lives his life and runs his business based on the principles of TRUST and TRANSPARENCY. He is an aviation expert who explores and connects the synergies between the private jet industry and the unlimited number of luxury lifestyle VIP brands.

STORY: Scott found himself on the wrong side of Arizona’s law and landed in jail for four months. During his time in jail, Scott chose to focus on his life after prison. It was while in prison that he came up with his business idea, a business that is now thriving.

LEARNING: Do not let your past mistakes define you. Always try to make the best out of a bad situation. Be kind and supportive to those going through a rough patch.

 

“With every negative, there is a positive. It is up to you to figure that out the positive.”

Scott Buss

 

Worst investment ever

Making the best out of a bad situation

Scott found himself on the wrong side of Arizona’s law and landed in jail for four months. Being locked up left Scott with lots of time on his hands. He decided to put this time into good use.

Scott would read magazines, newspapers, and books. He would then write notes of CEOs and executives worldwide from Entrepreneur, Businessweek, and Wall Street Journal. Scott knew he wanted to be a CEO after finishing his jail term.

Hatching a business idea

Scott would also read quotes on entrepreneurship and keep himself motivated. In the process, Scott got an idea of starting his private jet business. He had been in private aviation for about four years.

When Scott was done with his four months, he was fully prepared to build his business, and so he hit the ground running.

Leaving with life’s lessons

The four months Scott was in jail taught him a lot, mentally and physically, and also about what one can do with limited resources. It also taught him about trust and transparency.

Lessons learned

If you are a spiritual person, draw your strength from prayers

The best form of energy is prayer energy, so renew your strength by praying.

Make the most out of your bad situation

If you are in a bad situation, focus on the positives. Do not wallow in self-pity and just count down the days. Know that the only one who can control the person you will be once the storm is over is you. So make the most out of your horrible situation.

If you have been shown kindness, pay it forward

You never know what someone could be going through. So pay kindness with kindness and bring a smile to someone’s face.

Andrew’s takeaways

Support those who are struggling with the consequences of their bad decisions

If you know somebody struggling with the consequences of their mistakes but is trying to make up for them, do not give up on them. Identify someone who is at their most painful point and reach out to them. It could be a short phone call, a quick visit, or a short talk. This simple gesture could change that person’s life.

Own up to your mistakes but do not let them define you

Own up to your mistakes, apologize and make amends. However, do not let the bad decisions you have made in life define you; instead, learn from them.

No. 1 goal for the next 12 months

Scott’s number one goal for the next 12 months is to continue scaling his private travel business and to launch other businesses.

Parting words

 

“No matter what you’re going through, if you need somebody to talk to, reach out; I’ll be happy to be a lending hand.”

Scott Buss

 

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