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Class Project: Starting A Business  
User currently offlineDLKAPA From , joined Dec 1969, posts, RR:
Posted (9 years 3 months 1 week 6 days 2 hours ago) and read 3179 times:

And my preferred business is naturally, an airline. So I'm asking the experts here a few quick questions. Firstly, what does one do at the very beginning? Do they get investors first or would they start out with the legal proceedings like getting an operating certificate?

6 replies: All unread, jump to last
 
User currently offlineFokker Lover From , joined Dec 1969, posts, RR:
Reply 1, posted (9 years 3 months 1 week 6 days 1 hour ago) and read 3170 times:

The world revolves around cash. You're not going to do ANYTHING without cash first. Then you can start thinking about the details.
Since your school project is starting an airline to make millions of dollars, you will need to start off with billions.


User currently offlineLMP737 From , joined Dec 1969, posts, RR:
Reply 2, posted (9 years 3 months 1 week 5 days 22 hours ago) and read 3156 times:

Someone once said if you want to become a millionaire start off with a billion dollars then start your own airline. Might have been Richard Branson but I'm not sure.

User currently offlineJetlagged From United Kingdom, joined Jan 2005, 2577 posts, RR: 25
Reply 3, posted (9 years 3 months 1 week 5 days 22 hours ago) and read 3147 times:

You can start with one wet leased aircraft and a single route. A British schoolboy is doing just that having written a business plan for an airline as part of a school project. The banks liked it so much he's now doing it for real. So you never know  Smile

Here's a link to the story

http://business.scotsman.com/topics.cfm?tid=391&id=1647552005



The glass isn't half empty, or half full, it's twice as big as it needs to be.
User currently offlineShyFlyer From , joined Dec 1969, posts, RR:
Reply 4, posted (9 years 3 months 1 week 5 days 21 hours ago) and read 3140 times:

Quoting Fokker Lover (Reply 1):
You're not going to do ANYTHING without cash first.

While cash is important, a solid business plan is required before you can even think about approaching potential investors.

Your business plan should spell out who your targeted customers are and how you plan to go about attracting them. Other aspects of your operation (location, initial size, etc) would also be covered. You would also include regulatory issues (operating certificate) in your plan, and how you will comply with them.


User currently offlineB744F From Germany, joined Jan 2006, 0 posts, RR: 0
Reply 5, posted (9 years 3 months 1 week 5 days 20 hours ago) and read 3139 times:

IF you want to make the most money, if that is the point of your class, I'd suggest some other business type. How about an investment firm or a fast food restaurant

User currently offlineDLKAPA From , joined Dec 1969, posts, RR:
Reply 6, posted (9 years 3 months 1 week 5 days 19 hours ago) and read 3138 times:

Thanks guys I appreciate it.

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