Netjets latest & greatest:
02-21-2017, 12:33 PM
#1701
Gets Weekends Off
Joined APC: Jan 2015
Posts: 166
Originally Posted by FLYLOW22
Why is it logical that BRK needs to write checks in order for NJA to grow after fleet replacement is complete?
Remember the amount borrowed in 2010? Yeah. That's a line of credit and it's paid off.
Check written. As in "still available".
Then the jets sell.
Check repaid.
Why is this so hard guys?
The rest of of your arguments are emotional and fear driven.
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Remember the amount borrowed in 2010? Yeah. That's a line of credit and it's paid off.
Check written. As in "still available".
Then the jets sell.
Check repaid.
Why is this so hard guys?
The rest of of your arguments are emotional and fear driven.
Sent from my iPhone using Tapatalk
NetJets received a loan.
BH's 10K reported that we paid 38 million in guarantee fees in 2010.
A line of credit is a revolving account and is not in any way applicable for the financial needs of the NetJets c2009.
Sign up for the Hyatt Legal Plan and call a lawyer that will explain Parent - Subsidiary Loans.
Once you are issued the loan, paying off any portion of it does not somehow magically give you access to borrowing some or any of it's value again.
Parent companies are required to charge interest to the subsidiary and must do so at arm's length, otherwise they run the risk of a court ruling that the subsidiary is an instrumentality of the parent corporation which could trigger a fraud investigation.
The idea that Berkshire Hathaway, one of the most financially successful companies in the world, would do anything to jeopardize its Corporate Veil for the marginal benefit of a middling subsidiary is the stuff that makes professionals that don't wear short sleeve button down shirts fall over laughing.
Create your business entity (LLC, S Corp, C Corp, Sole Proprietor, Partnership), run your restaurants, use a line of credit to cover your monthly expenses that is secured by your accounts receivable. Take a loan against against the business assets (or take on investors / issue debt) to reinvest and grow your business through new space/equipment. Write off the depreciation of your new equipment (probably straight-line). Turn a profit, pay yourself (salary, dividends, owner's draw, GP) - repeat ad infinitum.
Do not think that your knowledge of running small businesses prepares you for the incredible legal and financial complexity of the corporate world.
Get a Master's Degree in Business, get a Juris Doctorate.
Better yet, pay someone (or get Hyatt) who knows what they are talking about to advise you.
Stop acting like a weekend warrior in a 152 who plays Microsoft Flight Simulator and thinks they can fly an A380 into JFK and do a CAT III approach.
02-21-2017, 02:14 PM
#1702
Banned
Joined APC: Jun 2006
Posts: 466
Originally Posted by givememywings
Introducing my "10 Steps to NuttyJets Nirvana"
Step 1: Never admit that you might possibly be wrong. About anything. Ever.
Step 2: Repeat step 1.
Step 3: Insert Balloons and Ponies emojis.
Step 4: Pretend to know what the future holds.
Step 5: Insert master business acumen.
Step 6: Explain master business acumen in condescending manner because of your "many personally owned businesses."
Step 7: Insert annoyingly stupid analogies and metaphors to kick up the condescension a notch.
Step 8: Make sure there are plenty of lines between your steps for dramatic effect.
Step 9: Insert click bait.
Step 10: Spread gospel across multiple forums.
Did I miss anything? Oh yeah...ensure you have the last word by posting your steps more than anyone else.
Step 1: Never admit that you might possibly be wrong. About anything. Ever.
Step 2: Repeat step 1.
Step 3: Insert Balloons and Ponies emojis.
Step 4: Pretend to know what the future holds.
Step 5: Insert master business acumen.
Step 6: Explain master business acumen in condescending manner because of your "many personally owned businesses."
Step 7: Insert annoyingly stupid analogies and metaphors to kick up the condescension a notch.
Step 8: Make sure there are plenty of lines between your steps for dramatic effect.
Step 9: Insert click bait.
Step 10: Spread gospel across multiple forums.
Did I miss anything? Oh yeah...ensure you have the last word by posting your steps more than anyone else.
Give Me,
Do you have business experience to share?
Please.
Expound.
Sent from my iPhone using Tapatalk
02-21-2017, 02:19 PM
#1703
Banned
Joined APC: Jun 2006
Posts: 466
Netjets latest & greatest:
Originally Posted by pugpilot
This is ridiculous.
NetJets received a loan.
BH's 10K reported that we paid 38 million in guarantee fees in 2010.
A line of credit is a revolving account and is not in any way applicable for the financial needs of the NetJets c2009.
Sign up for the Hyatt Legal Plan and call a lawyer that will explain Parent - Subsidiary Loans.
Once you are issued the loan, paying off any portion of it does not somehow magically give you access to borrowing some or any of it's value again.
Parent companies are required to charge interest to the subsidiary and must do so at arm's length, otherwise they run the risk of a court ruling that the subsidiary is an instrumentality of the parent corporation which could trigger a fraud investigation.
The idea that Berkshire Hathaway, one of the most financially successful companies in the world, would do anything to jeopardize its Corporate Veil for the marginal benefit of a middling subsidiary is the stuff that makes professionals that don't wear short sleeve button down shirts fall over laughing.
Create your business entity (LLC, S Corp, C Corp, Sole Proprietor, Partnership), run your restaurants, use a line of credit to cover your monthly expenses that is secured by your accounts receivable. Take a loan against against the business assets (or take on investors / issue debt) to reinvest and grow your business through new space/equipment. Write off the depreciation of your new equipment (probably straight-line). Turn a profit, pay yourself (salary, dividends, owner's draw, GP) - repeat ad infinitum.
Do not think that your knowledge of running small businesses prepares you for the incredible legal and financial complexity of the corporate world.
Get a Master's Degree in Business, get a Juris Doctorate.
Better yet, pay someone (or get Hyatt) who knows what they are talking about to advise you.
Stop acting like a weekend warrior in a 152 who plays Microsoft Flight Simulator and thinks they can fly an A380 into JFK and do a CAT III approach.
NetJets received a loan.
BH's 10K reported that we paid 38 million in guarantee fees in 2010.
A line of credit is a revolving account and is not in any way applicable for the financial needs of the NetJets c2009.
Sign up for the Hyatt Legal Plan and call a lawyer that will explain Parent - Subsidiary Loans.
Once you are issued the loan, paying off any portion of it does not somehow magically give you access to borrowing some or any of it's value again.
Parent companies are required to charge interest to the subsidiary and must do so at arm's length, otherwise they run the risk of a court ruling that the subsidiary is an instrumentality of the parent corporation which could trigger a fraud investigation.
The idea that Berkshire Hathaway, one of the most financially successful companies in the world, would do anything to jeopardize its Corporate Veil for the marginal benefit of a middling subsidiary is the stuff that makes professionals that don't wear short sleeve button down shirts fall over laughing.
Create your business entity (LLC, S Corp, C Corp, Sole Proprietor, Partnership), run your restaurants, use a line of credit to cover your monthly expenses that is secured by your accounts receivable. Take a loan against against the business assets (or take on investors / issue debt) to reinvest and grow your business through new space/equipment. Write off the depreciation of your new equipment (probably straight-line). Turn a profit, pay yourself (salary, dividends, owner's draw, GP) - repeat ad infinitum.
Do not think that your knowledge of running small businesses prepares you for the incredible legal and financial complexity of the corporate world.
Get a Master's Degree in Business, get a Juris Doctorate.
Better yet, pay someone (or get Hyatt) who knows what they are talking about to advise you.
Stop acting like a weekend warrior in a 152 who plays Microsoft Flight Simulator and thinks they can fly an A380 into JFK and do a CAT III approach.
What exactly are you basing your opinions? Besides how you feel and emotional expression? Next time you're near someone who can provide you with factual info, ask the questions.
And yes... I'd say my 14 years in small business qualify me to for opinions about business and no... I doubt our opinions regarding the state of things here will correlate.
https://youtu.be/IJ_R-G_i4Xk
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02-21-2017, 02:44 PM
#1704
Gets Weekends Off
Joined APC: Dec 2007
Position: A320
Posts: 132
Originally Posted by FLYLOW22
Give Me,
Do you have business experience to share?
Please.
Expound.
Sent from my iPhone using Tapatalk
Do you have business experience to share?
Please.
Expound.
Sent from my iPhone using Tapatalk
Expounding over.
02-21-2017, 02:46 PM
#1705
Banned
Joined APC: Jun 2006
Posts: 466
Originally Posted by givememywings
Well, I just created a highly successful 10 step program.
Expounding over.
Expounding over.
Ok.
You clearly disagree.
Time will tell.
I'm not sure why some resort to personal attack simply because they disagree with opinion.
It shows a ack of confidence in an opinion that is overly emotion.
Let's see how things work out.
02-21-2017, 02:56 PM
#1706
Gets Weekends Off
Joined APC: Dec 2007
Position: A320
Posts: 132
Originally Posted by FLYLOW22
Ok.
You clearly disagree.
Time will tell.
I'm not sure why some resort to personal attack simply because they disagree with opinion.
It shows a ack of confidence in an opinion that is overly emotion.
Let's see how things work out.
You clearly disagree.
Time will tell.
I'm not sure why some resort to personal attack simply because they disagree with opinion.
It shows a ack of confidence in an opinion that is overly emotion.
Let's see how things work out.
02-21-2017, 02:58 PM
#1707
Banned
Joined APC: Jun 2006
Posts: 466
Originally Posted by givememywings
Your arrogance has something to do with that. It's a weakness. I wish NetJets nothing but massive success.
Sorry your sensitivities were trounced.
You should have a beer.
I'll buy if you ever have the backbone to bring up this conversation.
Better days are on the way... it's just been a long road for us all.
02-21-2017, 03:09 PM
#1708
Gets Weekends Off
Joined APC: Dec 2007
Position: A320
Posts: 132
Originally Posted by FLYLOW22
Sorry your sensitivities were trounced.
You should have a beer.
I'll buy if you ever have the backbone to bring up this conversation.
Better days are on the way... it's just been a long road for us all.
You should have a beer.
I'll buy if you ever have the backbone to bring up this conversation.
Better days are on the way... it's just been a long road for us all.
02-21-2017, 03:10 PM
#1709
Banned
Joined APC: Jun 2006
Posts: 466
Originally Posted by givememywings
Are we gonna keep going round and round? You keep proving my point. I'm as calm and cool as they come, as it happens. I also know when to quit when I'm ahead. Goodnight.
Good man.
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02-21-2017, 03:23 PM
#1710
Gets Weekends Off
Joined APC: Jan 2015
Posts: 166
Originally Posted by FLYLOW22
What exactly are you basing your opinions? Besides how you feel and emotional expression? Next time you're near someone who can provide you with factual info, ask the questions.
And yes... I'd say my 14 years in small business qualify me to for opinions about business and no... I doubt our opinions regarding the state of things here will correlate.
https://youtu.be/IJ_R-G_i4Xk
Sent from my iPhone using Tapatalk
And yes... I'd say my 14 years in small business qualify me to for opinions about business and no... I doubt our opinions regarding the state of things here will correlate.
https://youtu.be/IJ_R-G_i4Xk
Sent from my iPhone using Tapatalk
What did I put in my supporting information that was an opinion?
Public financial statement from BH - not an opinion
Summation of legal precedents - not an opinion (courts don't have opinions, the have rulings)
I did not say a single thing about NJA operations, their future, or business plans.
My singular contention is that you are UNIQUELY unqualified at identifying a successful business model for NetJets. The reason being is your limited business qualifications in food service make just experienced enough that you think your voice should be heard.
The pilots who keep their mouths shut show more intelligence by just doing their job than an upjumped burger-flipper who is over his head.
Of the ~2500 pilots on property, yours is the opinion I would value the least concerning the future of NetJets.
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