Think Like an Owner

Alex Bridgeman
Think Like an Owner

Exploring how the most ambitious CEOs grow great companies. Each week we dive into the strategies and tactics that build transformative businesses with the operators doing it firsthand. Learn more at https://tlaopodcast.com/

  1. The Economics of Flying Private - Cory Bengtzen - Ep. 256

    -6 J

    The Economics of Flying Private - Cory Bengtzen - Ep. 256

    Ep.256: Alex (@aebridgeman) is joined by Cory Bengtzen (@Cory-Bengtzen). In this episode, I sit down with Cory Bengtzen, founder and CEO of SkyShare, to explore his entrepreneurial journey from the auto industry to building a vertically integrated private aviation business. Cory shares how his passion for aviation inspired him to leave the car business and start an airplane brokerage with no prior industry experience. He recounts his early days of cold-calling aircraft owners, developing a fractional ownership program, and growing SkyShare into a successful operation serving the Western U.S. We dive into the unique challenges and opportunities in private aviation, from running Fixed Base Operators (FBOs) to launching fractional ownership and charter services. Cory explains how vertical integration—owning maintenance operations, FBOs, and a charter fleet—has been key to SkyShare’s resilience and growth. He also breaks down the economics of private aviation, describing how his team balances efficiency and service to deliver value for clients. Cory also shares fascinating stories from his career, including ferrying aircraft across continents for the Discovery Channel’s Dangerous Flights and his insights into why so many aviation ventures fail. Whether you're an aviation enthusiast or a business owner considering private aviation, this episode is full of practical advice and compelling stories from one of the industry's most innovative leaders. Listen weekly and follow the show on Apple Podcasts, Spotify, Google Podcasts, Stitcher, Breaker, and TuneIn.  Learn more about Alex and Think Like an Owner at https://tlaopodcast.com/ Links: SkyShare - https://www.skyshare.com/ Cory on LinkedIn - https://www.linkedin.com/in/cory-bengtzen-95a13216/ Topics: (00:00:00) - Intro (00:01:10) - Building SkyShare (00:12:35) - The economics of an FBO (00:15:25) - The rationale for flying private (00:23:50) - Customer journeys (00:30:00) - Aircraft management from a customer standpoint (00:32:04) - How are owners implementing modifications to jets? (00:36:45) - Changes in ICP across programs (00:38:58) - What goes wrong the most in private aviation?

    45 min
  2. Savneet Singh - Urgency and Culture - EP.255

    7 JANV.

    Savneet Singh - Urgency and Culture - EP.255

    Ep.255: Alex (@aebridgeman) is joined by Savneet Singh (@SavneetS). In this episode, I sit down with Savneet Singh, CEO of PAR Technology, to explore the interplay between urgency, culture, and leadership in building a successful public company. We discuss how Savneet has embedded a sense of urgency as a core value at PAR and how it drives decision-making, team alignment, and outcomes across the organization. Our conversation delves into PAR's unique approach to team evaluation and incentivization, including how performance reviews are tied to the company's values and metrics. Savneet shares how he identifies and retains ambitious talent through innovative compensation structures and leadership opportunities, ensuring that the culture evolves while focusing on delivering results. We also dive into PAR’s M&A strategy, where Savneet highlights the importance of creating synergy through product integration and customer outcomes. He offers candid insights into lessons learned from organizational design missteps and discusses the role of AI and data in shaping PAR’s future.  Watch video versions of the show on YouTube! Listen weekly and follow the show on Apple Podcasts, Spotify, Google Podcasts, Stitcher, Breaker, and TuneIn.  Learn more about Alex and Think Like an Owner at https://tlaopodcast.com/ Links: PAR Technology Savneet on LinkedIn Topics: (00:00:00) - Intro (00:01:25) - Projecting a sense of urgency (00:06:45) - Evaluation cadences (00:11:26) - Building Culture at Scale (00:15:12) - What companies do you admire with regard to their culture? (00:17:16) - Mistakes made in organizational design (00:21:34) - Originating ideas (00:22:41) - Making unpopular decisions (00:27:31) - What makes a successful M&A deal (00:31:24) - Integrating a newly acquired company (00:32:34) - Software consolidation approaches (00:35:55) - Looming threats for software companies (00:40:55) - Equity Comp as a tool for designing incentives (00:51:26) - What’s top of mind for you?

    57 min
  3. Tim Wade - Ensuring Safety at FlexJet - EP.254

    31/12/2024

    Tim Wade - Ensuring Safety at FlexJet - EP.254

    Ep.254: Alex (@aebridgeman) is joined by Tim Wade (@Twade889). In this interview, we dive deep into safety in the aviation industry with Tim, the Director of Environmental Health and Safety at FlexJet. We discuss the current safety landscape, Tim's role, and the importance of a Safety Management System (SMS).  The conversation highlights the transition from the 60s' and 70s' rough aviation safety records to today's hyper-focused safety protocols. Tim sheds light on the sometimes negative perception of safety in the industry and how innovation in communication can change that.  The episode also covers the internal and external challenges faced by safety teams, along with insights on the benchmark against industry standards and the rising importance of technology. Listen weekly and follow the show on Apple Podcasts, Spotify, Google Podcasts, Stitcher, Breaker, and TuneIn.  Learn more about Alex and Think Like an Owner at https://tlaopodcast.com/  Topics: (00:00:00) - Intro (00:01:35) - The state of Aviation Safety  (00:10:09) - Adjusting internal communications (00:14:24) - Aligning leadership teams with safety (00:18:46) - Scoring & metrics (00:21:03) - FAA involvement in safety regulations (00:22:46) - Software improvements in aviation safety (00:26:19) - Customer reviews (00:29:27) - Benchmarking against the competition (00:32:14) - Tim’s Podcast journey (00:35:24) - Where safety experts need to be challenged most (00:36:55) - Learning to “burn your hand on the stove” Links: FlexJet The Safety Wire Podcast on Spotify The Safety Wire Podcast on Apple Dan Carlin's Hardcore History

    41 min
  4. M&A Highlights from Ambitious CEOs - EP.253

    24/12/2024

    M&A Highlights from Ambitious CEOs - EP.253

    Welcome to a special holiday episode of Think Like an Owner! For this unique experiment, we’ve compiled highlights, concepts, and invaluable ideas from some of our most popular episodes, creating a "mega episode" filled with wisdom from multiple accomplished guests. The focus? M&A (Mergers and Acquisitions)—a topic that captivated our audience throughout the year. This episode features clips from insightful conversations with: Roland Lessard, Co-CEO of Morningside (Episode 209) Tom Klein, Co-CEO and partner at Morningside (Episode 220) Jeff Homer, CEO of Ensemble (Episode 238) Henry Schuck, Founder and CEO of ZoomInfo (Episode 218) Savneet Singh, CEO of PAR Technology (Episode 207) Organized into six key segments, this episode dives deep into the essential elements of M&A: (00:02:31) High-Level Overview – Why M&A creates value. (00:11:58) CEO Perspectives – Unique lenses on M&A benefits. (00:17:42) Building the Team – Essential roles for M&A success. (00:28:52) Integration Strategies – Different approaches for blending organizations. (00:43:12) Deal Organization – Managing the complexity of M&A processes. (00:53:03) Working with Lenders – Practical insights on leveraging debt in M&A. Each segment includes two curated clips from the featured CEOs, offering diverse perspectives and actionable takeaways. This experimental format is designed to bring you condensed value, just in time for the holidays. Listen weekly and follow the show on Apple Podcasts, Spotify, Google Podcasts, Stitcher, Breaker, and TuneIn.  Learn more about Alex and Think Like an Owner at https://tlaopodcast.com/

    1 h 11 min
  5. 10/12/2024

    Savneet Singh - Leading a Public Turnaround at PAR Technology - Ep.252 [Replay]

    Ep.252: Alex (@aebridgeman) is joined by Savneet Singh (@SavneetS). My guest today is Savneet Signh, CEO of PAR Technology, a billion-dollar market cap publicly traded point of sale software business serving the restaurant industry. I’ve been following Savneet’s career since college when he went on Invest Like the Best talking about acquiring software businesses through his holding company Tera. Through that work he connected with PAR, joining the board and eventually replacing the CEO. Since then he’s turned the business around and is finding more success. Savneet and I talk about turning around teams, management techniques he’s developed, his role as a teacher and chief communicator at PAR, and his views on software businesses from an investor perspective. Listen weekly and follow the show on Apple Podcasts, Spotify, Google Podcasts, Stitcher, Breaker, and TuneIn.  Learn more about Alex and Think Like an Owner at https://tlaopodcast.com/ Links: PAR An Excellent Puzzle by Will Larson Topics: (00:00:00) - Intro (00:02:09) - Joining the board of Par, becoming CEO, and saving the company from bankruptcy (00:12:14) - Retaining speed over time (00:14:28) - Stages of structural changes (00:16:55) - Nurturing healthy tension (00:18:38) - Incentive models (00:23:36) - What have you learned about your role in making hard decisions? (00:27:14) - Communication styles (00:30:40) - What does a typical week look like for you? (00:32:30) - How has your view of M&A changed? (00:34:51) - What distinguishes a great product? (00:36:08) - Is being the all-in-one solution becoming the trend in SaaS? (00:38:08) - What stands out as a trend in software right now? (00:40:30) - Takeaways from running and growing product teams (00:42:05) - Communication between sales or product and customers (00:43:18) - Advice to listeners

    48 min

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À propos

Exploring how the most ambitious CEOs grow great companies. Each week we dive into the strategies and tactics that build transformative businesses with the operators doing it firsthand. Learn more at https://tlaopodcast.com/

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