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    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

    Free business consultation when you complete our survey

    Posted by James Price | JPAbusiness on 18-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

    The 10-step business buying process [infographic]

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

     

    Step 1: Imagine the process of assessing different businesses for sale as a funnel

    The top of the funnel is wide and has a screen which sifts out businesses which don’t meet your requirements.

    Continue reading...

    Topics: Buying a business, Free download, infographic, business advice, Business advisor, James Price, business buying funnel

    Business Confidence survey – have your say

    Posted by James Price | JPAbusiness on 11-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.

    It follows on from our first survey, held in November 2017, which saw almost 60% of respondents indicate they were ‘confident’ about business trading conditions heading into 2018. (You can read all the results from the first survey in this blog post from December.)

    Continue reading...

    Topics: business advice, business management, business confidence survey

    4 components of a Strategic Plan [video]

    Posted by James Price | JPAbusiness on 11-Jul-2018 02:00:00

    A business' Strategic Plan establishes its strategic direction and will usually cover a period of one to five years.

    I like a Strategic Plan to focus on a period of three years because, in today’s volatile world, things get a little hazy after three years.

    In this video I list four key components of a Strategic Plan.

    Continue reading...

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

    Have your say in our Business Confidence Survey (and receive a free consultation)

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

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

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

    Continue reading...

    Topics: business advice, business management, business confidence survey

    Pros and cons of seller earnouts

    Posted by James Price | JPAbusiness on 27-Jun-2018 02:00:00

    I recently read a blog post about the pros and cons of seller earnouts, which I believe is worth sharing.

    The blog post was written by M&A specialist Dave Kauppi from MidMarket Capital, Inc, which is based in Chicago, USA. (You can click here to read Dave’s post.)

    It’s a useful article if you’re considering buying or selling a business and you want to explore measures to manage the risks of transfer and protect the value of the business, including delayed or ‘at risk’ payment of part of the purchase price consideration, such as an earnouts.

    Continue reading...

    Topics: Selling your business, Capital gains tax, business advice, selling a business, Business advisor, seller earnouts

    The best sales advice I ever got was from a surfer dude

    Posted by James Price | JPAbusiness on 20-Jun-2018 02:00:00

    By Kevin Catlin
    Insight Strategies, Inc

    I have always loved the outdoors. Hiking, camping, rafting, the ocean sports, all of it, I’m in. I see a Bass Pro Shop or REI and can’t help stopping to check things out.

    One day I did just that and ended up relearning a crucial lesson on selling and the art of persuasion in general.

    My local REI store is in Manhattan Beach, California and on this particular day I did my usual and stopped in to ‘look around’. The problem with me and ‘looking around’ is that I’m like a kid in a candy store and always end up buying something.

    Continue reading...

    Topics: business advice, Business culture, leadership, sales advice

    What if I don't want a succession plan?

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

    When you think about succession planning and creating a ‘back-up’ for your business, you first need to ask: is it relevant for me?

    Some businesses are reliant on the owner almost exclusively and the owner decides that’s how they want it. They are taking the risk, so they prefer to drive, manage and control the business themselves.

    There is nothing wrong with that; business succession is not something that needs to be forced on everyone.

    However, there are consequences.

    Continue reading...

    Topics: Succession planning, business advice, Business advisor, business management, running a business

    Free template: Selling a Business Planning Sheet

    Posted by James Price | JPAbusiness on 30-May-2018 02:00:00

    If you’re thinking of selling your business, the JPAbusiness Selling a Business Planning Sheet can help place your business in the best position for a successful sale.

    This template contains 20 questions designed to prompt you to undertake the necessary thinking, planning and acting that will ensure you and your business are well prepared for the sale process.

    The free template can be downloaded in either pdf or Word format.

    If you find this template useful, please feel free to share it.

    Continue reading...

    Topics: Selling your business, Template, business advice, selling a business, Business advisor

     
    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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