What does it take to scale a business that is capital-intensive and has high barriers to entry?

Our guest, co-Founder of the Black-owned global private jet charter company Approved Jets, and venture capitalist Aaron Wilson, shares invaluable insights from his journey as a serial entrepreneur in the aviation industry as well as essential strategies that have helped Approved Jets gross eight figures in revenue in its first 3 years.

Join us as we discuss the elements behind the success of Approved Jets, as well as Aaron’s tips to help entrepreneurs navigate the challenges of scaling a business. No matter what industry you’re in, this episode will give you valuable insights for any wealth builder interested in entrepreneurship, positioning their business to attract investors, or investing in other businesses.

In this episode, we discuss:

• Business scaling do’s and don’ts.
• The private jet charter industry and what it takes to succeed
• How to stay top of mind when it comes to potential customers.
• Relationships and High-Frequency Transactions: conducting high-frequency transactions to maintain healthy cash flow. 
• What to look for as an investor.
• How to position your company to attract investors.
• Exceptional Service vs. Customer Acquisition Costs.
• Continuous learning.
• Customer Acquisition Costs as the Ultimate KPI: the significance of tracking customer acquisition costs (CAC) as a paramount key performance indicator and why.
• The critical relationship between profit margins and CAC.

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