Why Boeing Cheats and Why You Should Model Their Business
KennethHolland.com
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Why Boeing Cheats and Why You Should Model Their Business

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why Boeing cheats - KennethHolland.com

Successful companies use leverage as a chief driver to grow their business. This is why Boeing cheats and why you should too…

“You realize we’re sitting on 45,000 pounds of fuel, one nuclear warhead and a thing that has 270,000 moving parts built by the lowest bidder? Makes you feel good doesn’t it?” – Quote from ‘Armageddon’

Did you know that airplane maker Boeing outsources over 67% of the actual construction of their aircraft?

Here’s a little tidbit that may be eye-opening for you (and it should):

Spirit AeroSystems Inc. this week delivered the 10,000th Wichita-built 737 aircraft fuselage to the Boeing Co.

The milestone number, which was confirmed by the company, stretches back decades to when the Spirit (NYSE: SPR) facility was still part of Boeing Commercial Airplanes and where production on the 737 dates back to the mid-1960s.

A company spokesperson says Spirit will hold an event to celebrate the achievement in the coming weeks.

Spirit, which has work on all Boeing commercial programs, builds about 70 percent of every 737 that the company delivers. Those deliveries now are comprised of the company’s Next-Generation 737 models and the growing 737 MAX family.

Did you catch it?

‘Spirit, which has work on all Boeing commercial programs, builds about 70 percent of every 737 that the company delivers…’

That SEVENTY PERCENT. Meaning…at most, Boeing builds 30% of their planes. (actually it’s even less but you get the idea)

So why do I bring this up?

This is how YOU should run your business. You should be outsourcing, or affiliating with other companies for your product offerings.

This is how virtually all major companies do business.

Look at Amazon. They build almost nothing themselves (except AWS). If a growing company tried to do it all themselves, they’d be out of business.

So next time some web guru tells you the only way to make money is to build your own products/courses, run the other way.

Don’t mistake what I’m saying…there’s a time and place to build your own stuff. But it should be a relatively small percentage…and it certainly should never be when you’re just starting out.

So, are you cheating yet?

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