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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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

    Cheat sheet – How to develop a high-performing team

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

    The JPAbusiness Staff Management Cheat Sheet is designed to assist you, as an owner or senior manager, to get the most from staff by helping you to manage positively and proactively.

    The cheat sheet contains 6 staff management themes which you need to keep in mind – and act on – as you go about your day-to-day activities.

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    Topics: Employment and recruitment, Advice, Running your business, cheat sheet, staff management, business advice

    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 '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

    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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