How to avoid real estate traps when buying a business [cartoon]

Posted by James Price | JPAbusiness on 17-Oct-2018 02:00:00

Businesses – particularly family businesses – often use real estate assets as part of their wealth generation strategy.

This may lead to situations where the business and real estate assets are interdependent, creating complexities when it comes time to exit and establish a fair market valuation.

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Topics: Family business, Business Value, Selling your business, Buying a business, Starting a business, Advice, Valuations, cartoon

How to transfer business ownership [cheat sheet]

Posted by James Price | JPAbusiness on 17-Oct-2018 02:00:00

There are many issues vendors need to deal with in the lead-up to a business sale settlement, from staff contracts and entitlements, right through to P&E roadworthiness certificates.

When selling – or buying – a business, the last thing you want is a handover in which business performance is negatively impacted by transfer issues not planned out ahead of time and dealt with appropriately.

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Topics: Selling your business, Advice, selling a business, Buying a business, Business transfer, cheat sheet

10 do’s and don’ts when selling a business [infographic]

Posted by James Price | JPAbusiness on 10-Oct-2018 02:00:00

Planning, professional marketing, timing and finding the right match regarding value and terms are just some of the ingredients that go to making a successful business sale. (As we often say, selling a business is not an exact science!)

The following infographic is a distillation of lessons we've learned over many years of advising business sale clients.

Use these tips to help you make the right decisions when preparing your business for sale.

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Topics: Selling your business, Advice, infographic, selling a business, Business Planning

How long will it take to exit my business? [video]

Posted by James Price | JPAbusiness on 10-Oct-2018 02:00:00

At JPAbusiness we believe five years is a good benchmark to be planning for succession and exit.

In this video I use the example of a JPAbusiness client to show how this forward planning can place your business in the best position for a successful exit, whether that exit comes in the form of a planned sale process or an unexpected purchase offer.

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Topics: Exiting your business, Succession planning, Advice, Video

How to use valuation as a management tool [video]

Posted by James Price | JPAbusiness on 03-Oct-2018 02:00:00

Don't wait until someone offers to buy your business to seek a business valuation or market appraisal.

Valuations are extremely useful management tools for business owners looking to maximise their current business performance and long-term value.

A valuation can help you identify what you are currently doing that is adding to your business value, and what you are doing that is detracting from value.

My advice is that, if your business is greater than five years old, you should have it valued on a reasonably regular basis.

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Topics: Valuations, Business Value, Advice, Video, business advice, market appraisal, business management

5 lessons from a startup

Posted by James Price | JPAbusiness on 03-Oct-2018 02:00:00

I started JPAbusiness about 17 years ago, after spending 10 years in the employed workforce.

I was strongly motivated to create something of my own and I had clear goals of what I wanted to achieve. However, it certainly wasn’t plain sailing, especially at the beginning. 

The following are five things I felt in the first six to 12 months of starting JPAbusiness. I’m sharing them to illustrate that even if you are ‘the right fit’ for business ownership, you shouldn’t expect it to be easy.

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Topics: Skills and knowledge, Starting a business, Buying a business, Advice, business advice, start-up

Air conditioning business a solid investment opportunity

Posted by James Price | JPAbusiness on 26-Sep-2018 02:00:00

JPAbusiness is presenting a solid opportunity to acquire a well-established and well-regarded air conditioning installation and maintenance business.

The Sydney-based business has been operating for over 20 years and has experienced strong financial performance and stable growth within its market.

The business services the commercial and industrial markets and has a network of clients and customers in commercial offices, disability and aged care facilities, and retail premises throughout Sydney.

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Topics: Business for sale

Should I buy or start a business? [infographic]

Posted by James Price | JPAbusiness on 26-Sep-2018 02:00:00

Many people feel they should ‘aspire to something more’ than being an employee i.e. owning their own business. As I've often said, business ownership is only the right environment for some people, and for many of those it is only the right environment at the right time.

In our eBook, Pros and cons of owning your own business, I told my own story of what it was like to start my business 17 years ago. Despite being highly motivated to create something of my own, and very confident that I 'knew my stuff', it was still very challenging, particularly in the first year.

Do you have the right personal qualities?

There are many factors that contribute to a person’s success in business, but the following four personality types – or personal attributes – often seem to manifest themselves in successful business owners:

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Topics: business advice, Buying a business, running a business, infographic

Tips for seeking plant and equipment finance

Posted by James Price | JPAbusiness on 19-Sep-2018 02:00:00

More than a third of respondents to our recent survey indicated they plan to invest in new plant and equipment in 2018–19with most of these investments driven by the need to adapt to new technology (61%) and meet replacement schedules (45%). Just over 16% indicated the planned investment was due to new contracts.

If you’re in this situation, you may need to seek finance from a bank or other lending institution. 

As highlighted in our eBook, Managing your banking relationship, there are many things you can do to influence your bank's 'appetite' for financing your business.

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Topics: business advice, Banking, finance, seeking finance, growth strategies

How to partner with private equity [infographic]

Posted by James Price | JPAbusiness on 19-Sep-2018 02:00:00

Private equity is not for everyone but, in situations where it aligns with your business goals, it can be very effective.

So what do you need to know if you're thinking about seeking private equity investment?

The following infographic provides some private equity basics, for anyone starting out on the PE journey.

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Topics: Private equity, infographic, business advice, growth strategies, growing a business, Succession planning

 
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. 
 
 

 

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