Thursday, November 21, 2013

Offering Jet Charter Services Can Be A Lucrative Business

By Leslie Griffith


If you are looking for a good business you may consider opening a jet charter services company. This type of business will have all kinds of customers, ranging from leisure travelers who are flying in groups to one destination to business passengers who often need to travel for work purposes. There is money to be made when offering private flight services, as many more people nowadays are looking at alternative transport options.

Since that people are now willing to spend money in order to travel safely and privately, the opportunity exists for a good business in this line. If this is your dream, start by deciding who you will be serving. Executives traveling for business purposes are usually considered, as they have the money and the need for your new service. However, you must supply the best jets and facilities to accommodate for their needs.

Perhaps, however, your business will be better serving ordinary people who are looking for other ways of traveling. These people may not need quite such fancy jets and amenities, and may therefore be an easier way to begin. Regardless of the customer type, however, you need plenty of money to start this business. Time is needed in order to find a venture capitalist if you are not significantly wealthy yourself.

Wealthy persons may not require a loan, but most entrepreneurs require some form of funding for their business. Business loans serve this purpose, but in the case of this particular business, are seldom adequate for the purchasing of jets and the funding of the pilots and other personnel. It is more likely that you will need a financial partner, and may be expected to allow him/her to be in control of a large part of the business.

Some time researching the various jet models is necessary. You must decide how many you need and which size to purchase. It is inefficient to use a large aircraft to transport only a few customers, as you simply end up wasting money on excessive fuel. On the other hand, you also do not want to have a plane that is too small for your guests.

The type of jets you buy may be dependent on the financial resources available, but with a few different sizes you are able to manage your clientele and operating expenses more efficiently. Consider your budget carefully, and remember you need to hire staff as well. You may need to start with just a few.

If you haven't the time to find all the staff members necessary it is best to leave this task up to a human resources manager. He can then hire suitable and FAA-approved pilots and mechanics, as well as other employees who will handle office work, reservations and the company's books.

Promoting your business is always the most important thing you can do to ensure your success. Jet charter services can be hard to sell, with the increasing costs of fuel, but if you reach the right people you can cover expenses and make a good profit. Ensure that you allocate financial resources to advertising each month.




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