FBO
What services do FBOs typically provide to general aviation pilots and aircraft?
What is What is Fuel, Parking, Maintenance, Lounges
THE FOUR TRADITIONAL FUNCTIONS OF
MANAGEMENT
Planning, Organizing, Directing Coordinating, Controlling
What is Marketing?
What is selling, promoting
Return of investment
what is a financial metric used to measure the profitability of an investment.
What factors should a pilot consider when choosing an FBO for refueling and ground services?
What isFuel prices, maintenance services, ramp fees
How often does a manager get distracted?
What is 8 Mins
Trends that affect general aviation?
Highly risky is highly profitable. Low risk is low yield.
What is risk of reward
How do FBOs generate revenue?
What is FBOs make money through fuel sales, aircraft storage, maintenance and repair services, concierge services, catering, and ramp/landing fees.
Leadership styles?
Authoritarian Leader, Participative Leader, Delegate Leader
Fractional ownership companies
Net jets, Flex jets, vista jets ect
Profit objectives?
Profit Maximization, Satisfactory Profit, Non Momentary Profit, Hobby/Business, Social Responsibility
What amenities can pilots and passengers typically expect at a full-service FBO?
What is pilot lounge, flight planning rooms, restrooms with showers, conference rooms, Wi-Fi, refreshments, rental car services.
Whats the best time management strategy
What is Delegation
Are sport pilots increasing or decreasing
What is increasing
Truly the Profit Motive
What is Profit Maximization
How are FBOs different from airport terminals used for commercial airlines?
More towards general aviation.
What type of leader is Paul?
Authoritarian leader
What is a tort?
A tort is a civil wrongdoing that causes harm or loss to someone, leading to legal liability. It allows the injured party to seek compensation through a lawsuit.
Cash flow
What is the movement of money in and out of a business or personal finances over a specific period