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    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.

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    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.

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    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

    Should I buy a franchise? [blog]

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

    I read with interest a recent Sydney Morning Herald article about franchising and the questionable activities of some of Australia’s largest franchising groups.

    Some very disgruntled franchisees were represented in the article, which also contained views on the pros and cons of the franchise model.

    The story reinforced some of my long-held beliefs about franchising, namely that the model sets up an environment perfect for conflict: a franchise is about doing it the franchisor’s way, not necessarily about doing what makes good, solid business sense.

    Continue reading...

    Topics: Buying a business, Franchises, business advice, buying a franchise

    What is due diligence and do I need to do it? [video]

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

    Due diligence is a critical component of buying a business.

    As we always say, it's important to discover any skeletons in the closet before it's too late!

    In this video I've shared my 3 top tips for conducting due diligence on a potential business purchase.

    Continue reading...

    Topics: Buying a business, Due diligence, business advice, business ownership

    Do you have what it takes to own a business? [infographic]

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

    Business ownership can be incredibly rewarding – personally, professionally and financially – but it’s not for everyone.

    Business ownership is only the right environment for some people, and for many of those it’s only the right environment at the right time.

    Before you spend months trawling through business advertising sites, trying to decide which business would best suit you, first consider whether you would suit business.

    In this infographic we’ve summarised 10 attributes we tend to see in successful business people.

    Continue reading...

    Topics: Buying a business, business advice, business management, business ownership

    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.

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

    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

    Buying a business: is your advisor acting in your best interests?

    Posted by James Price | JPAbusiness on 27-Dec-2017 04:00:00

    We recently worked on a business sale transaction in which one side had far less robust advice than the other – and you can guess which side was which!

    Our client – the vendor – was selling a reasonably large, engineering-style business.

    The purchaser – while a successful business operator in their own right – was not experienced at acquiring businesses and did not appear to have thought deeply about the sort of expertise they would need to advise and guide them.

    Continue reading...

    Topics: Buying a business, Advice

     
    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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