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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

    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

    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

    Should I buy an add-on business or grow organically?

    Posted by James Price | JPAbusiness on 23-May-2018 02:00:00

    We have had many people come to us over the years looking to move from an employed environment into their own business.

    More commonly, however, our business-buying clients tend to be established business owners with successful businesses who are looking to grow further.

    The choice for these clients is:

    • Do I grow organically?’ i.e. build on what they already have, or
    • Do I grow inorganically?’ i.e. buy a complementary business to ‘bolt on’.

    It’s about evaluating the pros and cons of spending money upfront to purchase a business and network that someone else has already developed, versus keeping your money and spending the time and energy to develop it yourself.

    Continue reading...

    Topics: Buying a business, business advice, growing a business, growth strategies, organic growth, inorganic growth

    Should I buy a franchise? [video]

    Posted by James Price | JPAbusiness on 16-May-2018 02:00:00

    We have written a number of blogs on franchising and also created a free Buying a Franchise Planning Sheet.

    This week I've published a video highlighting 4 issues you should consider very carefully before buying a franchise.

    Continue reading...

    Topics: Buying a business, Franchises, Video, business advice, buying a franchise, vendor due diligence

    How to manage customer and supplier risk when buying a business

    Posted by James Price | JPAbusiness on 16-May-2018 02:00:00

    Last month I wrote a blog about how to avoid losing key staff when buying a business.

    In this blog I'm sharing advice on how to manage another critical risk when buying a business: customers and suppliers.

    This risk relates to key customers and/or suppliers taking flight from the business you’ve purchased in the early stage of the transfer.

    In doing your due diligence it’s very wise to look at both supplier and customer concentration risk.

    Continue reading...

    Topics: Buying a business, Customers, Due diligence, Suppliers, business advice, risk management

    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

    Template – Buying a Franchise Planning Sheet

    Posted by James Price | JPAbusiness on 21-Mar-2018 02:00:00

    Buying a franchise may, on the surface, seem like any other business purchase.

    However, a franchise is a special type of business in which the brand and business operational model has been systematised.

    A franchise may have additional, more complex requirements for a buyer to consider and meet, but they also tend to come with more ongoing support than regular businesses.

    We have created the JPAbusiness Buying a Franchise Planning Sheet to help business buyers assess potential franchise opportunities.

    Continue reading...

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

     
    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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