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    5 fundamentals of running a business [infographic]

    Posted by James Price | JPAbusiness on 15-Aug-2018 02:00:00

    There are 5 key business fundamentals a business owner or senior manager needs to grasp in order to run a business for optimum performance.

    The following information is a distillation of the things many of our best clients do on any given day of the week, presented here as a simple infographic.

    These fundamentals are not necessarily sequential, instead they often overlap and run in parallel, and also inform and interact.

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    Topics: Business Value, infographic, business advice, running a business

    What is 'multiple of earnings'?

    Posted by James Price | JPAbusiness on 15-Aug-2018 02:00:00

    Business purchasers want to know: If I buy a business today, how long will it take me to get my money back? 

    Remember, the purchaser doesn’t want to pay for opportunity that they create in the future. They only want to pay for what has been built up by the vendor.

    In the small- to medium-sized business market, purchasers are generally looking from one, to four and a half years, to recover the money they’ve invested.

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    Topics: Valuations, business advice, Business valuation, Business advisor

    How often should I review my business plans? [video]

    Posted by James Price | JPAbusiness on 08-Aug-2018 02:00:00

    In this video I give my view on how often you should review your business plans and, importantly, who they need to be shared with.

    Sharing a plan with your team will:

    • ensure goal alignment
    • help create a positive and participative business culture
    • test the plan by exposing it to fresh eyes.

    As we always say, a good plan is a shared plan.

    Continue reading...

    Topics: Business Planning, Video, business advice, Business advisor, James Price, strategic planning

    Leading skincare products wholesaler for sale

    Posted by James Price | JPAbusiness on 08-Aug-2018 02:00:00

    JPAbusiness is excited to present a unique investment opportunity for business buyers and investors with an interest in the valuable global health and beauty sector.

    We have recently been engaged to market a well-known, Australian-owned skincare products wholesaler based in one of the larger Australian capital cities.

    Operating since 1996, the business has experienced strong growth within its market and developed a national reputation as a leading supplier of quality products.

    Continue reading...

    Topics: Business for sale, Buying a business, investment opportunity, health and beauty

    What is 'strategic' value when selling a business?

    Posted by James Price | JPAbusiness on 01-Aug-2018 02:00:00

    Strategic value is the value a purchaser is willing to pay for a business, over and above what an impartial business valuer might determine is fair market value’.

    So how much more than its fair market value will a purchaser pay for a business with strategic value?

    The answer is largely determined by the potential purchasers’ individual circumstances, which impact their appetite for the opportunity, but it can also be influenced by the vendor’s management decisions long before sale time.

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    Topics: Selling your business, strategic value, selling a business, Business advisor, business valuer

    How to prepare your business for sale [cartoon]

    Posted by James Price | JPAbusiness on 01-Aug-2018 02:00:00

    Ideally, a business will be set up for sale from the moment it begins operating.

    After all, you never know when someone may approach you about buying your business, or when unforeseen circumstances may force you to sell.

    A previous JPAbusiness client is a good example of why it pays to be prepared. 

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    Topics: Selling your business, Advice, Family business, Exiting your business, Business advisor, cartoon

    What to include in an Annual Business Plan [video]

    Posted by James Price | JPAbusiness on 25-Jul-2018 02:00:00

    In this video I list four components of an annual business plan and drill down a little into some of the business issues you should cover under each of those four elements.

    An annual business plan should encompass three core concepts:

    1. Where is the business now?
    2. Where do we want the business to be in the future?
    3. How are we going to marshal the resources we have and which we can influence to get there?
    Continue reading...

    Topics: Business Planning, Video, business advice, Business advisor, James Price, strategic planning

    How to make your business attractive to lenders [cheat sheet]

    Posted by James Price | JPAbusiness on 25-Jul-2018 02:00:00

    A bank, financier or equity investor focuses on three S’s when considering their appetite for your business. They are:

    • Servicing
    • Security
    • Surety.
    None of these factors are completely controllable, but they are strongly influenced by your actions as a business owner.

    Our cheat sheet can help you understand and manage these factors, to help create a strong and positive relationship with your bank or financier.

    Continue reading...

    Topics: Advice, Banks and lending, Running your business, cheat sheet, Banking

    Free business consultation for survey participants

    Posted by James Price | JPAbusiness on 25-Jul-2018 02:00:00

    This month we're sharing our second Business Confidence and Outlook Survey and we would love you to take part.

    The survey is designed to gather views on the current business climate and issues affecting business performance – both positive and negative.

    Opt-in for a free phone consultation

    At the end of the survey you have the option to enter your contact details and receive a free, confidential phone consultation in which you can seek advice and feedback on issues that may be affecting your business.

    Continue reading...

    Topics: business advice, business management, business confidence survey

    Free checklist: Are you the 'right fit' for business ownership?

    Posted by James Price | JPAbusiness on 18-Jul-2018 02:00:00

    If you're thinking about buying or starting a business – moving from the employed workforce to self-employment – take a look at our free Business Owner's Checklist.

    The checklist features 10 common attributes our team tends to find in people who successfully build and run businesses.

    Among these attributes are:

    • persistence
    • ability to deal with uncertainty, including extreme highs and lows
    • ideas person, with an eye to commercialisation and reality
    • self-confidence, but not arrogance
    • someone who can trust others.
    Continue reading...

    Topics: Buying a business, Free download, Template, business advice, Business advisor, James Price

     
    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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