|Quoting OB1504 (Reply 45):|
The reason we remember cases like FedEx are because those are the very rare exceptions. Every day, similar business plans fail and we don't even discuss them because we know this the norm. Commavia is simply stating the truth that the odds are against this particular venture. If they manage to overcome them, great, but if they don't, it's no surprise.
|Quoting bennett123 (Reply 47):|
"The bigger the risk, the greater the reward".
I fail to follow your logic.
AFAIK, there is no guarantee that if you take a crazy gamble, and it pays off then the rewards will be great.
|Quoting mariner (Reply 48):|
Daring investors (especially venture capitalists) will take enormous risks, knowing in advance that many of their bets will go down in flames.
But then, every so often, one risky investment takes off and gives them fabulous rewar
Richard Branson is often credited for saying the following: "If you want to be a Millionaire, start with a billion dollars and launch a new airline."
"I became an entrepreneur by mistake. Ever since then I've gone into business, not to make money, but because I think I can do it better than it's been done elsewhere. And, quite often, just out of personal frustration about the way it's been done by other people."
"My philosophy is that if I have any money I invest it in new ventures and not have it sitting around."
And finally: "One thing is certain in business. You and everyone around you will make mistakes."
Yes, I do not have gobs of money burning holes in my pockets to start an airline. People who invest their money in low risk financial instruments like CDs (certificate of deposits not the shiny round things), or stable blue chip stocks aren't likely to wake up one day to discover they are millionaires.
The airline industry is perceived as prestigious, yet full of egos, and full of even more failures. How many second and third tier countries have thrown millions and millions of their local currency into a money losing venture all in the name of having 'bragging rights' to a 'national airline'?
I challenge anyone to name an airline that never took a risk or was always presumed a 'sure thing' during its lifetime.
The industry is fickle. It is highly susceptible to economic calamity. It is cash intensive requiring huge outlays for equipment, fuel, and labor. There is a reason people get stars in their eyes when talking about the airline industry. In many ways it is the gold rush of our time.
Many will try, few will succeed.
After all of that, why do we need to feed this need for negativity? It's a hard cruel market to crack without hundreds of armchair CEOs nay-saying. Enough with the Debbie downers. Grab some popcorn, get a good seat, and enjoy the show.
Ready. Set. Jet. XEspecialist