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

    5 first steps to buying a business [video]

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

    Every business is different, but in this video I'm sharing 5 'first steps', or tips, which we think are useful when buying any business.

    Following these steps will help you take a planned approach to what may well be one of the biggest financial investments of your life.

    They're each important in their own way, but I must admit Tip 2 – 'Have passion for the opportunity' – is a key one for me.

    Owning a business can be difficult at times, but it's easier to withstand those challenges if you have a 'fire in your belly' for what you do.

    Continue reading...

    Topics: Buying a business, Video, business advice, Business advisor

    How to avoid losing key staff when you buy a business

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

    In our experience, the risks associated with business purchases fall into three categories:

    1. People
    2. Customers, suppliers and market dynamics
    3. The value exchange.

    In this blog we're going to examine how to manage the 'people risks' of a purchase.

    Continue reading...

    Topics: Buying a business, business advice, Business advisor, business management

    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.

    Continue reading...

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

    6 determinants of Business Maintainable Earnings [infographic]

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

    When determining what a small to mid-sized business is worth, Business Maintainable Earnings (BME) is one of the key concepts the market will consider.

    Continue reading...

    Topics: Business Value, Buying a business, business advice, Business valuation, Business advisor, Business maintainable earnings

    How to get governance and business structures right [video]

    Posted by James Price | JPAbusiness on 31-Jan-2018 02:00:00

    In our experience dealing with clients over the years, we've found many businesses start as side projects.

    In this video, James tells the story of a client whose 'side project' became a multi-million dollar transport business.

    He also points out some risks to watch out for regarding goverance and business structure issues when a business starts this way, and how to ensure they don't negatively impact value down the track.

    Continue reading...

    Topics: Business Value, Family business, Business Structures, business advice, Business advisor, Governance

    5 tips for business sellers [infographic]

    Posted by James Price | JPAbusiness on 24-Jan-2018 02:00:00

    This infographic is based on lessons learned during a recent sale we facilitated for a client.

    During the sale process our client showed how listening to market feedback and being responsive and flexible can deliver an acceptable outcome.

    As we often say, selling is a dynamic process – it's not a 'set and forget' where you get your valuation, list the business for sale at that price, and away it goes.

    Continue reading...

    Topics: infographic, business advice, selling a business, Business advisor

    [Video] How family business culture impacts value

    Posted by James Price | JPAbusiness on 24-Jan-2018 02:00:00

    Family businesses have a reputation for having strong, efficient business cultures.

    (And, as we all know, strong, sustainable business cultures contribute to strong, sustainable financial performance and, hence, business value.)

    While this reputation is well-deserved and generally true, the family business structure can also lend itself to developing a 'toxic' business culture.

    As James explains in this video, there can be a two 'classes' of individuals in a family business. 

    Continue reading...

    Topics: Business Value, Family business, staff management, business advice, selling a business, Business advisor, Business selling, Business culture

    3 questions to ask before buying a business [infographic]

    Posted by James Price | JPAbusiness on 17-Jan-2018 02:00:00

    When working with our business buying clients, one of the first things I tell them is that price should not be their primary concern.

    Of course it’s important – there’s no point enquiring about a business worth $5 million if you only have $500,000 to invest.

    However, as the infographic below illustrates, there are several questions you need to ask yourself before you get too far into the buying process.

    Continue reading...

    Topics: Buying a business, infographic, business buying, Business advisor

    Use our Business Buyer's Checklist to assess opportunities [template]

    Posted by James Price | JPAbusiness on 17-Jan-2018 02:00:00

    Barista.jpg

    Buying a business is an investment class that is not as liquid as many others, so it is not an investment decision to be rushed into or made lightly.

    For those of you considering buying a business, we have created the Business Buyer's Checklist.

    Continue reading...

    Topics: Buying a business, Checklist, business advice, business buying, Business advisor

    [Video] How to use the Business Health Check template

    Posted by James Price | JPAbusiness on 10-Jan-2018 02:00:00

    JPAbusiness has been conducting Business Health Checks for clients for over 15 years.

    In this video James explains how the Business Health Check has become such an important part of JPAbusiness' portfolio of client services, and how it serves as a diagnostic tool for uncovering a business' weaknesses, while also identifying its strengths.

    Continue reading...

    Topics: Template, Video, Business advisor, Business health check

     
    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