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    What is the difference between a market appraisal and a valuation? [video]

    Posted by James Price | JPAbusiness on 23-Aug-2017 05:31:00

    Business market appraisals and valuations are both robust assessments of a business’ worth and are appropriate for use in different circumstances.

    In this video I explain the difference between a business market appraisal and a business valuation and when each should be used.

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    Topics: Business Value, Advice, Valuations, Video

    How to choose a business broker [infographic]

    Posted by James Price | JPAbusiness on 23-Aug-2017 04:00:00

    If you’re considering selling your business and have decided against self-marketing, how do you evaluate the abilities of all the different brokers out there?

    There are some obvious attributes you need to look for – experience is a big one – but your own attitude is actually a critical factor.

    If you think of a broker as simply someone who takes commission for selling your business, you’re not likely to get value from the relationship.

    Working with an advisor or broker can be a partnership, if you’re prepared to think of it as one and you choose the right partner!

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    Topics: Selling your business, Advice, Business transfer, Partners

    6 strategies to make succession part of your business model [infographic]

    Posted by James Price | JPAbusiness on 16-Aug-2017 04:31:00

    It’s never too early to start thinking about your succession strategy and developing the skills of your team and business capability.

    Succession planning is about creating a sustainable business that will continue to operate successfully into the future, whether you stay in the business or not.

    The following infographic contains 6 succession strategies you can start employing today. Adopting these strategies will help future proof your business for when and if you decide to take up an exit opportunity, or relinquish operational involvement in your business.

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    Topics: infographic, Succession planning

    Our Dynamic Performance Checklist and the key 6 elements of managing staff

    Posted by James Price | JPAbusiness on 16-Aug-2017 03:19:00

    Our Dynamic Performance Checklist is designed to help business owners and managers encourage and develop staff into a high-performing team.

    The Dynamic Performance Checklist has 6 key elements that you as a manager, owner or leader in the business need to think about as you go about your day-to-day activities:

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    Topics: Staff

    Buying a Business Planning Sheet [template]

    Posted by James Price | JPAbusiness on 09-Aug-2017 05:12:00

    A good business purchase is about planning and ensuring you have plenty of information to base decisions on, rather than rushing in and letting emotions take over.

    Use our Buying a Business Planning Sheet to help you ‘make a match’ between your requirements and risk profile, and the business you are assessing.

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    Topics: Buying a business, Free download, Advice, Template

    Don't blow your redundancy payout on an overpriced business [blog]

    Posted by James Price | JPAbusiness on 09-Aug-2017 05:05:00

    Buying a business is a risky way to spend a redundancy payout – true or false?

    Answer: True and false, depending on how you go about it.

    Often we come across clients who have been made redundant after a long period in an employed situation. 

    They are at an age where they still have plenty of potential to make a meaningful contribution in another employed role, or in owning a business. In fact, some of the expertise they have built up over their career is very appropriate for owning and running their own business.

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    Topics: Buying a business, Advice, Due diligence

    Potential buyers or tyre kickers? How to prequalify business buyers [blog]

    Posted by James Price | JPAbusiness on 02-Aug-2017 04:18:00

    When selling your business, it’s important that you value the information you have put together on the business and don’t just share it with anyone.

    I would advise working with a broker or advisor who is sensitive about how they share your information and who actively uses a prequalification process in dealing with potential purchasers.

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    Topics: Selling your business, Advice

    How to bring a new shareholder into a business [cheat sheet]

    Posted by James Price | JPAbusiness on 02-Aug-2017 03:11:00

    There are 2 key issues to consider when taking on a new partner or shareholder:

    1. How to establish the shareholding for the incoming investor
    2. How to manage the shareholder relationships.
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    Topics: Shareholders, cheat sheet

    The 3-Step Annual Business Plan Process [infographic]

    Posted by James Price | JPAbusiness on 26-Jul-2017 05:00:00

    Step one in the business planning process is to simply overcome the notion that planning is not critical to your business – it is!

    Business plans don't need to be weighty documents, but they do need to be:

    • referenced regularly,
    • shared with others, and 
    • pressure tested.

    The following graphic illustrates the 3 fundamental components of an annual business planning process.

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    Topics: Advice, Business Planning, Running your business, infographic, Starting a business

    How to recognise employee fraud 'red flags'

    Posted by James Price | JPAbusiness on 26-Jul-2017 04:23:00

    This blog comes from our free JPAbusiness eBook: Employee fraud – 15 strategies to reduce the risk. 

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    Topics: Advice, Employee fraud

    Disclaimer: The information contained in this blog is general in nature and should not be taken as personal, professional advice. Readers should make their own inquiries and obtain independent, professional advice before making any decisions, taking any action or relying on any information in this blog.