The Uber Of The Air
As Uber has taken off like a rocket, many private companies are trying to make the same kind of innovation possible for air travel ; and to some degree they’re succeeding.
What they’ve done is identify areas where there is a large portion of travel conducted through small to medium-sized businesses. They’ve properly advertised it, and made it possible to commission single private flights.
Imagine how much time is saved through solutions like these. Instead of waiting for hours at the airport, an individual just drives to the FBO, parks their car, walks in, boards the plane, and takes off. The cost is slightly higher piecemeal, but the savings add up over time.
Collaterally, there is a lot of time lost in commercial flying solutions.You’ve got travel to a given airport, then there’s the security processing, the flight itself, landing, obtaining luggage, and securing transit to where you need to be.
If there aren’t flight delays, if your luggage isn’t lost, if there are rental cars available, and if local traffic is amenable, it seems possible that a half hour commitment in another town could be completed in under six hours.
Costs From The Back End
Still, after a destination flight you’ve got the return journey, which is likely another six hours in total. You’ve got to travel back to the airport, go through security again, wait for the connecting flight, etcetera. If an employee is only worth $10 an hour, and the flight is only $500 round-trip, then minimum per flight you’re out $620 on a short jaunt.
Meanwhile, a private plane can make three such trips in a single day, during regular working hours, at a fraction of the total cost. You could easily make three one hour flights, have three meetings with three prospective clients, and be back in the office ready to drive home by five o’clock. But only with a private aircraft.
Those Who Lead Change
Part of being a business leader means following through on new innovations before anybody else does. It also means consolidating expenses to reduce costs and increase effectiveness.
Cost control and reduction are integral to profitability. These are hard to come by, however. The best way to get a grip on them is through solid data collection, analysis, and application.
You’ve got to have systems in place to tabulate expenses, explore them, and roll out new protocol changes as they become necessary. One of the most telling areas of operations is the checkbook. Keep a tight reign on your finances, you can discover where unnecessary expenses are being made and work to properly curtail them.
If you crunch the numbers on air travel, you’ll likely find if your business spends 10% or more of the calendar year sending employees to various places via airline, you could potentially benefit from a private aircraft. For those who take that next leadership step, maintaining their investment becomes a crucial component of further growth.
The Importance Of Sourcing Top-Tier Aircraft Components
You will likely want parts of the highest grade, but cost effectively. Still, discounted components should be requisite to flight needs! According to AeroInStock.com, slick magneto parts: “…use up to 50% fewer parts than competitive aircraft magnetos.” Parts like these represent a vetted cost-effective solution to varying components of your aircraft.
Generally, wherever you can cut your expenses while maintaining profitability, you should. Sometimes this means scaling forward, sometimes this means scaling back. In today’s increasingly global environment, securing solutions that provide your business greater reach represents a recommendable strategy of outward expansion.