Avionics News October 2022 - 19

Throughout the research for this article, there were
some consistent themes:
* Retain the services of an attorney who specializes
in business transactions;
* Retain the services of a CPA who can help define
the value of your company. It is important you
know your company's financial performance. The
CPA would develop a balance sheet that provides
an overview of a company's assets, liabilities and
shareholders' equity. Following the balance sheet,
the company should provide an income statement,
which is an overview of revenues, expenses, net
income, and earnings. And the company would
have a cash flow statement, which shows how
a company's operations are running, where its
money is coming from, and how money is being
spent;
* Engage with a qualified business broker to help
maximize the return on your investment and help
provide expertise during the sale process.
Most importantly, do your due diligence. Qualify your
business; qualify the value of your business; qualify your
consultants and contractors; and especially qualify the
buyer.
To help in the process, the AEA works with a few
businesses that assist in the sale and purchase of repair
stations. You can find assistance from the following
individuals:
* Lindsey McFarren
McFarren Aviation Consulting
mcfarrenaviation.com
* Hal Adams
Aerospace Business Development
aviaglobalgroup.com
* Mandy Patterson
Owner Resource Group
orgroup.com q
Something simple...
Before you spend
thousands of dollars,
your association has a solution.
Smart, Manageable, Simple:
AEA's solution to SMS.
w w w . a e a . n e t / s m s
AVIONICS NEWS * OCTOBER 2022
1 9
http://mcfarrenaviation.com http://aviaglobalgroup.com http://orgroup.com http://www.aea.net/sms

Avionics News October 2022

Table of Contents for the Digital Edition of Avionics News October 2022

Avionics News October 2022 - Intro
Avionics News October 2022 - Cover1
Avionics News October 2022 - Cover2
Avionics News October 2022 - 1
Avionics News October 2022 - 2
Avionics News October 2022 - 3
Avionics News October 2022 - 4
Avionics News October 2022 - 5
Avionics News October 2022 - 6
Avionics News October 2022 - 7
Avionics News October 2022 - 8
Avionics News October 2022 - 9
Avionics News October 2022 - 10
Avionics News October 2022 - 11
Avionics News October 2022 - 12
Avionics News October 2022 - 13
Avionics News October 2022 - 14
Avionics News October 2022 - 15
Avionics News October 2022 - 16
Avionics News October 2022 - 17
Avionics News October 2022 - 18
Avionics News October 2022 - 19
Avionics News October 2022 - 20
Avionics News October 2022 - 21
Avionics News October 2022 - 22
Avionics News October 2022 - 23
Avionics News October 2022 - 24
Avionics News October 2022 - 25
Avionics News October 2022 - 26
Avionics News October 2022 - 27
Avionics News October 2022 - 28
Avionics News October 2022 - 29
Avionics News October 2022 - 30
Avionics News October 2022 - 31
Avionics News October 2022 - 32
Avionics News October 2022 - 33
Avionics News October 2022 - 34
Avionics News October 2022 - 35
Avionics News October 2022 - 36
Avionics News October 2022 - 37
Avionics News October 2022 - 38
Avionics News October 2022 - 39
Avionics News October 2022 - 40
Avionics News October 2022 - 41
Avionics News October 2022 - 42
Avionics News October 2022 - 43
Avionics News October 2022 - 44
Avionics News October 2022 - 45
Avionics News October 2022 - 46
Avionics News October 2022 - 47
Avionics News October 2022 - 48
Avionics News October 2022 - 49
Avionics News October 2022 - 50
Avionics News October 2022 - 51
Avionics News October 2022 - 52
Avionics News October 2022 - 53
Avionics News October 2022 - 54
Avionics News October 2022 - 55
Avionics News October 2022 - 56
Avionics News October 2022 - 57
Avionics News October 2022 - 58
Avionics News October 2022 - 59
Avionics News October 2022 - 60
Avionics News October 2022 - 61
Avionics News October 2022 - 62
Avionics News October 2022 - 63
Avionics News October 2022 - 64
Avionics News October 2022 - 65
Avionics News October 2022 - 66
Avionics News October 2022 - 67
Avionics News October 2022 - 68
Avionics News October 2022 - 69
Avionics News October 2022 - 70
Avionics News October 2022 - 71
Avionics News October 2022 - 72
Avionics News October 2022 - Cover3
Avionics News October 2022 - Cover4
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