Paper Trails and the Value of Your Aviation Business
In the aviation industry there are many things that must be well documented. But some aspects of the business can be overlooked. Learn how having good paper trails can add value to your company.
Debt: Too Much or Too Little?
While it’s obviously not good to have so much debt that it is difficult to manage, too much cash can also be a detriment to the value of your aviation company. What should you consider in order to maximize the value of your aviation business?
Negotiating Supplier Agreements
How accurate are the agreements in place with your vendors? Here are some tips for negotiating agreements with the companies that supply products and services to your aviation company.
Suppliers and the Value of Your Aviation Business
Do you have written agreements in place with your key vendors? Are they current? Learn how agreements with suppliers can add value to your aviation business.
The Value of Written Customer Agreements
What are the benefits of having written agreements with your clients? Many aviation businesses don’t have written agreements with much of their client base. Maybe it’s something to take a look at.
Intellectual Property & the Value of Your Business
Knowledge and know-how. Are certain aspects of your aviation business proprietary? Have you taken steps to protect these assets? You might need to in order to maximize their value to your business.
Why You Should Document Procedures
Efficiency is important in successful businesses. In every business, there are ways of doing things that make sense. While regulations require documenting some procedures in your aviation business, there may be value in documenting more.
Documenting Organizational Structure
Who does what? Who is responsible for what? Does the organizational structure make sense? Take a closer look.
Your End Goal: Final Steps
Your goals are established. Plans are in place. So what is the next step? Here are few tips on what you need to do to move forward and achieve those goals!
Your End Goal: Breaking It Down Part II
What exactly is it going to take to get from here to there? What steps are involved to reach your goal? And what is your starting point? If you were to reach your goal today, would you know what your aviation business is worth?