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    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

    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

    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

    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 can a valuation add value to a business? [video]

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

    Business owners often seek a business valuation after being prompted to do so by a 'significant event’, for example:

    • a family break-up
    • retirement
    • need for business restructuring
    • bank lending requirement
    • purchase offer
    • bringing in a new shareholder or partner, and so on.

    In this video I explain how valuation can actually be used as an ongoing management tool, adding value while you’re running the business and also potentially boosting value on exit.

    Continue reading...

    Topics: Business Value, Valuations, Exiting your business, Business advisor, business management, growth strategies

    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

    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

    How to motivate yourself in business

    Posted by James Price | JPAbusiness on 25-Apr-2018 02:00:00

    1) Understand your reason for being in business

    I tell people who want to motivate themselves in business to figure out what is the single most important thing they want to achieve.

    Focus on that and allow it to motivate your involvement in the business. 

    2) Identify your strengths and weaknesses

    Key to motivation, in my view, is to know what you are really good at and what you are not really good at.

    Continue reading...

    Topics: business advice, business management, motivation

    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

     
    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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