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The Adelmans also studied the aircraft and products available in the LSA marketplace, and spent a lot of time working on a financial structure that would make the school viable. When the flight school opened, Chesapeake Sport Pilot actually had ten students lined up without paying a dollar for advertising.
As attorneys and experienced businessmen, the Adelmans saw the school's business plan as the most important foundation to build from. "It's hard to insure new LSA schools." Tim says. Having a detailed business plan allowed them to legitimize their operation to the insurance company as well as sell their operation to the airport...
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