{"id":79,"date":"2020-12-10T19:44:53","date_gmt":"2020-12-10T19:44:53","guid":{"rendered":"https:\/\/thrusttech.com\/blog\/?p=79"},"modified":"2022-06-22T16:44:33","modified_gmt":"2022-06-22T16:44:33","slug":"tta-celebrates-national-entrepreneur-month","status":"publish","type":"post","link":"https:\/\/thrusttech.com\/blog\/tta-celebrates-national-entrepreneur-month\/","title":{"rendered":"TTA Celebrates National Entrepreneur Month"},"content":{"rendered":"

Thrust Tech manages to expand aviation business operations in a tough year<\/em><\/strong><\/p>\n

During National Entrepreneur’s Month when America celebrates the value of small businesses and people who don\u2019t simply dream but also act on their dreams, one entrepreneurial venture, Thrust Tech Accessories, is flying high above the rest.<\/span><\/p>\n

Turns out, even during these economically turbulent times, regional, corporate, business jet, private aircraft, and helicopter owners, must still secure high-quality repair and modification of their aircraft \u2013 and continue to rely on Thrust Tech Accessories (TTA), an FAA\/EASA-certified 145 Component Repair Station, located just west of Fort Lauderdale Executive Airport.<\/p>\n

According to TTA President Stanley Kowlessar, as the aviation industry continues to slowly recover from its most challenging time in history, not everyone is enjoying the same level of progress.<\/p>\n

\u201cFor months, the outlook has been that the aviation industry as a whole will continue to shrink,\u201d says Kowlessar. \u201cBut some sectors are actually experiencing growth.” Such is the case for aircraft parts suppliers and service providers \u2013 including Thrust Tech.<\/p>\n

By continuing to meet the growing demand for increased services in the small-jet industry, TTA has positioned itself to play a strong role in the \u201cNew Normal\u201d of the air travel industry.<\/p>\n

Remarkable Success
\n<\/strong>While founded three decades ago as Thrust Tech Aviation (TTA), in 2017 Kowlessar of Miami bought the company and organized it into a new enterprise from the ground up \u2013 fulfilling his entrepreneurial dream.<\/p>\n

Today, he\u2019s president and general manager of this thriving, family-owned, veteran-owned, minority-owned business. It\u2019s a shining example of how one entrepreneur with both vision and the ability is adapting to rapidly changing marketplace conditions.<\/p>\n

A Godsend Agreement
\n<\/strong>During this tough COVID-19 year, as the U.S. airlines were hit hard and orders fell, TTA got creative and filled the voids with new international and domestic customers. In fact, the company\u2019s largest airline customer recently gave TTA an opportunity to enter into a long-term agreement, which was a godsend in a challenging year.<\/p>\n

But that said, the situation was far less rosy with most other customers.<\/p>\n

\u201cMany of our customers were really hurting financially this year, given the pandemic,\u201d said Kowlessar. \u201cSome were not able to make payments on work we completed, but we didn\u2019t want to turn them away and send business back out the door \u2013 possibly forever.<\/p>\n

“One of TTA’s core beliefs is to continually build and nurture relationships with our valued customers and to support them in good times and bad,\u201d he added.<\/p>\n

Fast Thinking
\n<\/strong>So Kowlessar came up with several creative solutions to assist his clients that would not only help to retain them as current customers, but also assure TTA would reap the income benefits in future years. Among these solutions, he engaged what he describes as \u201cburden sharing.\u201d<\/p>\n

\u201cWe went to some of our stressed customers and offered them extended terms for payments from 30 to 60 days,\u201d he emphasized. \u201cWe also offered other payment plans, as well as \u2018build and hold,\u2019 a program by which we would complete the work for an aviation client, hold the part, and they paid us later.\u201d<\/p>\n

When the client did that, TTA would then release the repaired or serviced equipment so that the customer could immediately put it back in service. By not having to wait until they had the\u00a0funds in place for their repairs to be completed \u2013 TTA was helping them get their revenue flowing quickly once again.<\/p>\n

Moving Forward
\n<\/strong>Keeping TTA moving forward, says Kowlessar, \u201cwe took these steps to ensure that we did not have to furlough but only a small number of our employees in the earliest days of the pandemic for lack of work,\u201d noting that customers who took advantage of TTA\u2019s innovative programs are now coming back to use the company\u2019s repair and preventive maintenance services once again \u2013 just as intended.<\/p>\n

In addition, on the other side of the small-business equation, Kowlessar asked his own company suppliers to help TTA in some of the same ways during this tough year. He says the philosophy is simple: \u201cWe gave, we asked, we received.\u201d<\/p>\n

Conservative Operation
\n<\/strong>\u201cOf course, we also run a conservative operation,\u201d he notes. \u201cThat solid foundation kept us running smoothly, and confidently, as we had money in the bank to back us up if need be.\u201d<\/p>\n

In a year that has been a graveyard for many other entrepreneurs and small businesses, Kowlessar\u2019s vision has kept the family business strong and growing for the future. Today, it has 350-plus clients on a global scale and offers more than 1,500 aviation maintenance and repair services.<\/p>\n

\u201cWe\u2019ve done so, in large part, by creating opportunities to help our customers. And by helping them stay in business, we\u2019re assuring that we too will stay in business, too\u201d says Kowlessar. \u201cThat serves to build customer loyalty both ways \u2013 not just for the present, but for the long term.<\/p>\n

\u201cIt\u2019s simply good business all around.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Thrust Tech manages to expand aviation business operations in a tough year During National Entrepreneur’s Month when America celebrates the value of small businesses and people who don\u2019t simply dream but also act on their dreams, one entrepreneurial venture, Thrust Tech Accessories, is flying high above the rest. Turns out, even during these economically turbulent times, regional, corporate, business jet, private aircraft, and helicopter owners, must still secure high-quality repair and modification of their aircraft \u2013 and continue to rely on Thrust Tech Accessories (TTA), an FAA\/EASA-certified 145 Component Repair Station, located just west of Fort Lauderdale Executive Airport. According […]<\/p>\n","protected":false},"author":2,"featured_media":390,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-79","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","post--single"],"_links":{"self":[{"href":"https:\/\/thrusttech.com\/blog\/wp-json\/wp\/v2\/posts\/79","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thrusttech.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thrusttech.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thrusttech.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thrusttech.com\/blog\/wp-json\/wp\/v2\/comments?post=79"}],"version-history":[{"count":6,"href":"https:\/\/thrusttech.com\/blog\/wp-json\/wp\/v2\/posts\/79\/revisions"}],"predecessor-version":[{"id":391,"href":"https:\/\/thrusttech.com\/blog\/wp-json\/wp\/v2\/posts\/79\/revisions\/391"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thrusttech.com\/blog\/wp-json\/wp\/v2\/media\/390"}],"wp:attachment":[{"href":"https:\/\/thrusttech.com\/blog\/wp-json\/wp\/v2\/media?parent=79"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thrusttech.com\/blog\/wp-json\/wp\/v2\/categories?post=79"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thrusttech.com\/blog\/wp-json\/wp\/v2\/tags?post=79"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}