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When exactly you should actually value your aviation business is a question that has quite a few misconceptions around it. What if your business appears to be losing money? What if you have done it before? What if you have the idea about the value of another business? When is the right time to look at how much your business is worth?
There are quite a few misconceptions about the value of aviation businesses floating around. Those of us in the industry have a pretty good understanding as to what the real numbers can look like, but certainly, many people outside of aviation give the impression that if it involves airplanes in any remote way, it must be worth a lot of money. While many aviation businesses do generate a high value, what the value is can depend on many factors and is often not as straightforward as it may seem.
When you are considering finding out the value of your aviation business, here are five questions you should your valuator before you have them carry out the valuation.
The final installment of our series on why you should know the value of your aviation business discusses using a valuation as a starting point for moving forward. You re-evaluate many aspects of your business from time to time; it's important to take a look at the whole business as well.
The third installment of our four-part series on why you should know the value of your aviation business takes a look at valuing your aviation business when there are changes in the ownership of the company. This can happen not only when a business is sold, but in many other situations. In some of these situations, the IRS requires a certified valuation.
While determining the value of your business is important if you are considering selling the business, there are many other reasons it can be both important and useful to know how much your business is worth. In the second in our four-part series, we discuss more reasons why you want to know the value of your aviation business.
When someone talks about having their business valued, the reason that typically tends to come to mind for most people is that the owner must be thinking of selling. Getting a valuation of an aviation business is definitely a great place to start if selling the business is the goal. A valuation provides an owner with a realistic understanding of what the business is worth in the current market. It also provides a good point to begin the discussion with a potential buyer.
But there are a lot more reasons to have a valuation done. Download our tip sheet with the first several reasons why you should know how much your aviation business is worth.
Interested in maximizing the value of your aviation business? Sign up for Worth It Wedne$day! Every other Wednesday you will receive a short email from us with tips, ideas and a link to download more.