JPAbusiness Work +61 2 6360 0360
Orange • Bathurst • Sydney • Melbourne • Brisbane

    7 tips for successful hiring [cheat sheet]

    Posted by James Price | JPAbusiness on 05-Sep-2018 02:00:00

    Great staff are critical to our success as business owners and managers but, as our recent survey found, finding and keeping the right people is an ongoing challenge for many businesses.

    One-third of our survey respondents indicated the biggest challenge impacting their business in the past six months had been 'finding and retaining good employees'.

    Unfortunately we can't conjure appropriately trained staff out of the air for our clients and subscribers, but we can provide advice to make the recruitment process as successful as possible.

    The following cheat sheet contains our 7 'golden rules' for successful hiring.

    Continue reading...

    Topics: Employment and recruitment, Advice, cheat sheet, staff management, Business advisor, hiring staff

    How to develop a successful brand [cheat sheet]

    Posted by James Price | JPAbusiness on 29-Aug-2018 02:00:00

    A few years ago we were delighted to partner with Richard Amos and Mike Wilkinson from Royce Communications to create one of our most popular eBooks: Brand and Corporate Identity for Small to Mid-Sized Businesses.

    Royce Communications works with some of Australia’s largest brands across corporate, consumer, government and not-for-profit sectors.

    In this cheat sheet we have distilled some of Richard and Mike’s valuable tips for establishing and maintaining a successful brand identity.

    Continue reading...

    Topics: Advice, Brand and marketing, Running your business, cheat sheet, business advice, Business advisor, brand identity

    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. 

    Continue reading...

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

    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

    Why does my business need a plan? [video]

    Posted by James Price | JPAbusiness on 04-Jul-2018 02:00:00

    As a business owner or senior manager, you can’t plan for every eventuality, but you can plan to withstand shocks. 

    In this video I explain that business plans don't have to be excessively large or detailed, but they do need to exist in order to demonstrate your commitment to your business goals.

    Continue reading...

    Topics: Advice, Business Planning, Video, Business advisor, business management, James Price

    5 tips for partnering with your banker [infographic]

    Posted by James Price | JPAbusiness on 04-Jul-2018 02:00:00

    A banker is not just a simple supplier to your business – they are a partner in your business.

    In order to advance funds to your business, the bank must first assess a range of risks associated with your business. Based on that assessment, they then take a risk in advancing you dollars.

    Yes, they take security for that risk, which usually ranks before your equity in the business, but ultimately their success in lending money is inextricably linked to your success as a business.

    So treating them as anything other than a business partner is not doing the opportunity justice.

    The following infographic sums up what you can do to give that partnership every chance of success.

    Continue reading...

    Topics: Advice, Partners, Running your business, Banking, Business advisor, business management

    How to value a business

    Posted by James Price | JPAbusiness on 13-Jun-2018 02:00:00

    Business Maintainable Earnings (or Sustainable Earnings) is often the way the market values businesses, particularly small- to medium-sized enterprises that are not traded on the stock exchange.

    Business Maintainable Earnings (BME) is the ability of the business to generate earnings into the future.

    Continue reading...

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

    Free template: Buying a Business Planning Sheet

    Posted by James Price | JPAbusiness on 13-Jun-2018 02:00:00

    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.

    Continue reading...

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

    Free template: Succession planning scorecard

    Posted by James Price | JPAbusiness on 06-Jun-2018 02:00:00

    As a business owner, it’s never too early to start thinking about your succession strategy and developing the skills of your team and business capability.

    Many people think of succession planning as something old people do once they decide to exit their business. This is far from the truth.

    Succession planning is a young person’s pathway to building a valuable business. It’s about creating a sustainable business that will continue to operate successfully into the future, whether you stay in the business or not.

    Continue reading...

    Topics: Business Value, Selling your business, Advice, Valuations, Succession planning, Business advisor, business management

    How to sell a business online without sharing too much

    Posted by James Price | JPAbusiness on 04-Apr-2018 02:00:00

    You’ll often hear the internet gurus say ‘content is king’ and that in order to be successful in the online sphere you have to share lots of relevant content.

    For some traditional business sellers, online marketing feels like the equivalent of walking around naked in public – you’ve got to show everything!

    This presents a real conundrum for business sellers because, as many of our clients know, being in business can involve dealing with commercially sensitive information.

    Continue reading...

    Topics: Digital marketing, Selling your business, Online, Advice, Exiting your business, business advice, selling a business, business broker

     
    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. 
     
     

     

    JPAbusiness

    Topic

    more

    Recent Posts