Ral West
👤 PersonAppearances Over Time
Podcast Appearances
Thanks, Vince. And I love the distinction of the time difference.
Thanks, Vince. And I love the distinction of the time difference.
Okay, Vince, in a capsule, 40 years plus, I've been an entrepreneur. And before that, I grew up in an entrepreneurial family. So I think it ran in my blood. So in my mid twenties, I opened my first business and went on to have a serial entrepreneur, if you will, had many different businesses. And the primary business was one that I ran with my husband and we ran the business for 25 years.
Okay, Vince, in a capsule, 40 years plus, I've been an entrepreneur. And before that, I grew up in an entrepreneurial family. So I think it ran in my blood. So in my mid twenties, I opened my first business and went on to have a serial entrepreneur, if you will, had many different businesses. And the primary business was one that I ran with my husband and we ran the business for 25 years.
It was a business that operated charter air service between Alaska and Hawaii with wide body jets. And after 25 years, we were able to exit the business by selling it to Alaska Airlines. And in other career pivots since then, we have owned small cruise ships, we have invested in multifamily real estate syndications, and we are still doing that. So a varied career for, as I say, over 40 years.
It was a business that operated charter air service between Alaska and Hawaii with wide body jets. And after 25 years, we were able to exit the business by selling it to Alaska Airlines. And in other career pivots since then, we have owned small cruise ships, we have invested in multifamily real estate syndications, and we are still doing that. So a varied career for, as I say, over 40 years.
And that brings me to today where I have yet another business that I've started where I'm teaching entrepreneurs how to accomplish what I have in that you can run your business and have the life that you want at the same time.
And that brings me to today where I have yet another business that I've started where I'm teaching entrepreneurs how to accomplish what I have in that you can run your business and have the life that you want at the same time.
To start with, I was raised in a tourism family. So that was my initial business was related to tourism. And I was helping businesses with their marketing and advertising, businesses that were involved in tourism in Alaska. I wasn't born in Alaska. I was born in Seattle, but I moved to Alaska in my 20s. And that's where I decided to launch out onto my own because I saw an opportunity.
To start with, I was raised in a tourism family. So that was my initial business was related to tourism. And I was helping businesses with their marketing and advertising, businesses that were involved in tourism in Alaska. I wasn't born in Alaska. I was born in Seattle, but I moved to Alaska in my 20s. And that's where I decided to launch out onto my own because I saw an opportunity.
And I think that's the main criteria here. is that there was an opportunity because there were many small tourism businesses that didn't know how to get their product out to market. And I had the experience doing that in the work that I had already done in tourism. So I thought, hey, I can offer them this service and I can provide them with what they need to get their product to market.
And I think that's the main criteria here. is that there was an opportunity because there were many small tourism businesses that didn't know how to get their product out to market. And I had the experience doing that in the work that I had already done in tourism. So I thought, hey, I can offer them this service and I can provide them with what they need to get their product to market.
So I did that to begin with. Then the business that my husband started was a spinoff of that. She was in real estate and she decided that he wanted to make these free trips to Hawaii like I was doing because some of my clients were in Hawaii. And she said, okay, I'm going to represent Alaskans who own condos in Hawaii and I will work at the condos for them.
So I did that to begin with. Then the business that my husband started was a spinoff of that. She was in real estate and she decided that he wanted to make these free trips to Hawaii like I was doing because some of my clients were in Hawaii. And she said, okay, I'm going to represent Alaskans who own condos in Hawaii and I will work at the condos for them.
Then I added to that with, okay, but you need to also add the rental cars and the air and make a whole package out of it. Cause that was my experience in tourism. So you need a whole vacation package. So together we built that company and it was basically a merger of his expertise with my expertise and we ran with it. Along the way, we started investing in some real estate just on the side.
Then I added to that with, okay, but you need to also add the rental cars and the air and make a whole package out of it. Cause that was my experience in tourism. So you need a whole vacation package. So together we built that company and it was basically a merger of his expertise with my expertise and we ran with it. Along the way, we started investing in some real estate just on the side.
And later on, when the time came to sell the business, that opportunity arose because we knew that Alaska Airlines was planning to enter the Hawaii market. And we knew that their pockets were deeper than ours. And it just made sense for them to buy our company rather than for us to duke it out in the marketplace. And we'd both lose a lot of money.
And later on, when the time came to sell the business, that opportunity arose because we knew that Alaska Airlines was planning to enter the Hawaii market. And we knew that their pockets were deeper than ours. And it just made sense for them to buy our company rather than for us to duke it out in the marketplace. And we'd both lose a lot of money.
So we convinced them that buying our business was a lot cheaper than winning the market from us. So the pivot that came next was again a spinoff because my family's business that I had not been involved in personally for several years was involved in small cruise ships in Alaska.
So we convinced them that buying our business was a lot cheaper than winning the market from us. So the pivot that came next was again a spinoff because my family's business that I had not been involved in personally for several years was involved in small cruise ships in Alaska.