The Aviation of Business - Tradeoffs in Business and in Aviation

I was in Memphis not long ago to facilitate someefficiency and efficacy.
software training, and my flights back home wereAll of the above leads me to what is really striking
VERY delayed due to weather. I was supposed toabout the similarities of tradeoffs between the design
depart Memphis at 3:50 in the afternoon, but didn'tof an airplane and the design of a new business: in
actually depart until about 7:30 in the evening. It isboth airplane design and business design, you can't be
draining to sit around in uncomfortable airport seatseverything to everyone… you need to find a
while waiting for your aircraft to arrive.niche. Many, many business and entrepreneurial
Luckily for me, my crew (two pilots and a flightbloggers have already spoken about this from a
attendant) were ALSO waiting for the plane to arrive,business perspective, including sometimes not actually
so I used the time to speak with them about flightsaying anything at all about how to find a niche or
schools and aviation in general. I was also quitereally even what one is, but about whether it is
fortunate that my crew from Memphis to Chicagopronounced "neesh" or "nitch." Personally, I believe that
was ALSO the crew flying me from Chicago home -it doesn't matter how you pronounce it, as long as you
as long as I didn't let them out of my sight, there wasfind one!
no way for me to miss my connection! Mada, my flightIn business, because an entrepreneur wants his or her
attendant, also moved me from my cramped little seatstart-up to be low-cost and bring in enough money to
to a leg-roomy exit row seat (an example of why youmake a profit, s/he cannot make everyone happy.
should network every chance you get)!Choices have to be made about what products to sell
Once on the ground in Chicago, there were more thanand at what price, and where to locate. An
60 people waiting to get on a 40-seat airplane (anentrepreneur who designs a business so they can "fill
Embraer Regional Jet, if you're interested). Theall the seats and still put in full fuel" to try to please
weather was still ugly, but we boarded the airplaneeveryone will find themselves not pleasing anyone.
and pushed back with several empty seats. A few ofSo in business, you must find a niche, then create a
the other passengers grumbled about leaving peopleproduct around it - even though there are many stories
behind when there was obviously room on the airplaneof entrepreneurs creating a product, then creating a
- so I tried to explain to those in earshot about howniche for it after the fact (this is lovingly known as "an
aircraft are not designed to carry both full passengersanswer in search of a problem"). This is by far the
AND full fuel… every kind of aircraft has weightexception rather than the rule. The airplane, actually, is
limitations - and passengers add weight. Fuel addsa good example of this; Orville and Wilbur Wright
weight, too. And if the plane is too heavy, it won't fly.designed the first airplane - The Wright Flyer - for the
So when you're flying through (or into, or around) badsheer challenge, not because there was demand for
weather, it is necessary to carry more fuel (not onlyflying machines. They then set out to build demand for
for safety but also to meet certain regulatorythe product.
requirements) in case Air Traffic Control makes youAn airplane's design allows its pilots to understand
hold or if you have to go to an alternate airportwhat they can make it safely do. In a similar manner,
because of the conditions at the planned destination.every successful business is designed with a focus,
To carry this fuel, the airline may have to leave someallowing its "pilots" (owners, CEO, etc.) to sacrifice less
seats empty.important things (according to the business's design) to
Now, it is possible (theoretically) to design an airplanemeet the goals that the business has set for itself. A
that creates enough lift at a slow enough airspeed tobusiness's mission, vision, and values state its purpose -
fly with full fuel and full passengers - but it would mostas well as what it is willing to "trade" to achieve its
likely burn fuel at a faster rate and/or have to fly at agoals.
slower speed, meaning its range would beBefore you start your business, know what you want
unacceptable for use as an airliner or the flight wouldit to do (find your niche), and then know what you're
take longer than acceptable to us as passengers. Sowilling to "tradeoff" to make it a success!
the designers of the plane have to trade utility for