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    Tips for successful outsourcing [cheat sheet]

    Posted by James Price | JPAbusiness on 14-Mar-2018 02:00:00

    Outsourcing is hardly a new phenomenon in business, but globalisation and technological advances have made it a much more common one.

    Many small to medium-sized enterprises – including my own – have a ‘virtual team’ of service providers who work in concert with the regular team of in-office staff members.

    We have created the following cheat sheet based on our experience and that of our clients who also have valuable outsourcing partnerships.

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    Topics: Free download, Advice, Staff, Running your business, cheat sheet, outsourcing, business advice

    How to ensure your suppliers add value to your business

    Posted by James Price | JPAbusiness on 14-Mar-2018 02:00:00

    Suppliers are key value drivers in a business.

    Suppliers make up a large part of the cost of doing business, but more importantly they assist in providing consistency of whatever product or service you deliver.

    The degree to which you’ve got that continuity locked down will allow you to drive more value in your business.

    If you’re servicing a customer and you know you can be predictable and deliver at a certain time, then you’re much better at pitching to that customer against a competitor.

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    Topics: Business Value, Suppliers, business advice, business management

    How to 'seal the deal' when selling a business

    Posted by James Price | JPAbusiness on 07-Mar-2018 02:00:00

    Getting a business sale transaction 'over the line' is not about tips and tricks.

    Instead it's about efficiently managing the information flow through the detailed due diligence process to ensure all parties are well informed, the negotiating process progresses smoothly, and everyone can feel comfortable with the end result.

    A good advisor or broker will successfully manage that interface for you.

    In this blog, James shares some of the tools and strategies JPAbusiness employs to manage this final stage of the business sale process. These include:

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    Topics: Selling your business, Advice, Exiting your business

    3 first steps for business sellers [infographic]

    Posted by James Price | JPAbusiness on 07-Mar-2018 02:00:00

    Selling a business is not a simple undertaking and we have created a number of free resources to help out:

    This week's infographic, however, is for those just setting out on the business sale journey:

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    Topics: Selling your business, infographic, selling a business, Business valuation, Business selling, business broker

    What is due diligence and do I need to do it? [video]

    Posted by James Price | JPAbusiness on 28-Feb-2018 02:00:00

    Due diligence is a critical component of buying a business.

    As we always say, it's important to discover any skeletons in the closet before it's too late!

    In this video I've shared my 3 top tips for conducting due diligence on a potential business purchase.

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    Topics: Buying a business, Due diligence, business advice, business ownership

    Do you have what it takes to own a business? [infographic]

    Posted by James Price | JPAbusiness on 28-Feb-2018 02:00:00

    Business ownership can be incredibly rewarding – personally, professionally and financially – but it’s not for everyone.

    Business ownership is only the right environment for some people, and for many of those it’s only the right environment at the right time.

    Before you spend months trawling through business advertising sites, trying to decide which business would best suit you, first consider whether you would suit business.

    In this infographic we’ve summarised 10 attributes we tend to see in successful business people.

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    Topics: Buying a business, business advice, business management, business ownership

    5 tips for building a strong banking relationship [cheat sheet]

    Posted by James Price | JPAbusiness on 21-Feb-2018 02:00:00

    Many business owners consider banks a necessary evil, but I don’t subscribe to that view.

    Your banker or financier is a key partner in your business and, as with all successful partnerships, good communication is key.

    The following cheat sheet contains some of our top tips for communicating with your bank and setting yourself up for a healthy partnership.

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    Topics: Business Value, Banks and lending, Banking, business advice, Business advisor, business partners

    When your kids don't want to take over the business [video]

    Posted by James Price | JPAbusiness on 21-Feb-2018 02:00:00

    If you assume your children will take over your business and only discover they're not interested when it's time for you to exit, chances are it will hurt more than your feelings.

    As I explain in the video below, this situation is also likely to negatively impact your business value on exit.

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    Topics: Business Value, Family business, Succession planning, business advice

    How to make your business private equity ready [cheat sheet]

    Posted by James Price | JPAbusiness on 14-Feb-2018 02:00:00
    Continue reading...

    Topics: business advice, equity investor, business partners, Private equity

    How to create a shareholders’ agreement [checklist]

    Posted by James Price | JPAbusiness on 14-Feb-2018 02:00:00

    If you’re a business owner considering taking on an investing party or shareholder, some form of written shareholders’ or partners’ agreement is vital.

    Use the agreement to make clear all parties’ investment and partnership intentions and responsibilities from the outset.

    Remember, this is your business, so you can cover whatever you think important, from business relationships, ethics and cultural issues, to insurances, taxation and debt obligations; it’s your blank canvas.

    Continue reading...

    Topics: Advice, Partners, Business Structures, Shareholders, business advice, shareholders agreement

     
    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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