How long does it take to buy a business?

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

We provide a range of services to business buying clients, from initial review and feasibility, through to business valuations, a preliminary assessment of the strength of the opportunity, full due diligence services if the party has lodged a non-binding offer and is seriously interested in the business, through to merger and acquisition facilitation services.

We have helped some clients find the right business within six months while, for other clients, it has taken over three years.

The key phrase is ‘the right business’; I’m sure we could speed up the process if our aim was just to help our clients buy ‘a’ business, but that’s not our job.

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Topics: Buying a business, business advice, Business advisor, Business valuation, vendor due diligence

How to avoid real estate traps when buying a business [cartoon]

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

Businesses – particularly family businesses – often use real estate assets as part of their wealth generation strategy.

This may lead to situations where the business and real estate assets are interdependent, creating complexities when it comes time to exit and establish a fair market valuation.

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Topics: Family business, Business Value, Selling your business, Buying a business, Starting a business, Advice, Valuations, cartoon

How to transfer business ownership [cheat sheet]

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

There are many issues vendors need to deal with in the lead-up to a business sale settlement, from staff contracts and entitlements, right through to P&E roadworthiness certificates.

When selling – or buying – a business, the last thing you want is a handover in which business performance is negatively impacted by transfer issues not planned out ahead of time and dealt with appropriately.

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Topics: Selling your business, Advice, selling a business, Buying a business, Business transfer, cheat sheet

5 lessons from a startup

Posted by James Price | JPAbusiness on 03-Oct-2018 02:00:00

I started JPAbusiness about 17 years ago, after spending 10 years in the employed workforce.

I was strongly motivated to create something of my own and I had clear goals of what I wanted to achieve. However, it certainly wasn’t plain sailing, especially at the beginning. 

The following are five things I felt in the first six to 12 months of starting JPAbusiness. I’m sharing them to illustrate that even if you are ‘the right fit’ for business ownership, you shouldn’t expect it to be easy.

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Topics: Skills and knowledge, Starting a business, Buying a business, Advice, business advice, start-up

Should I buy or start a business? [infographic]

Posted by James Price | JPAbusiness on 26-Sep-2018 02:00:00

Many people feel they should ‘aspire to something more’ than being an employee i.e. owning their own business. As I've often said, business ownership is only the right environment for some people, and for many of those it is only the right environment at the right time.

In our eBook, Pros and cons of owning your own business, I told my own story of what it was like to start my business 17 years ago. Despite being highly motivated to create something of my own, and very confident that I 'knew my stuff', it was still very challenging, particularly in the first year.

Do you have the right personal qualities?

There are many factors that contribute to a person’s success in business, but the following four personality types – or personal attributes – often seem to manifest themselves in successful business owners:

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Topics: business advice, Buying a business, running a business, infographic

8 due diligence tips for buying a business [cheat sheet]

Posted by James Price | JPAbusiness on 12-Sep-2018 02:00:00

When buying a business, the due diligence process involves checking and verifying information relating to the basic operations and performance of the business you're interested in.

Due diligence is about identifying risks, issues and any material differences between what has been represented in information provided previously on the business, and what you and your advisor identify in the due diligence process. 

If you know the risks before you jump (buy the business), then you can plan your landing (mitigate and manage the impact) during the business transfer.

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Topics: Due diligence, Buying a business, business advice, business buying, cheat sheet

Leading skincare products wholesaler for sale

Posted by James Price | JPAbusiness on 08-Aug-2018 02:00:00

JPAbusiness is excited to present a unique investment opportunity for business buyers and investors with an interest in the valuable global health and beauty sector.

We have recently been engaged to market a well-known, Australian-owned skincare products wholesaler based in one of the larger Australian capital cities.

Operating since 1996, the business has experienced strong growth within its market and developed a national reputation as a leading supplier of quality products.

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Topics: Business for sale, health and beauty, investment opportunity, Buying a business

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.
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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.

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

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.

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Topics: Advice, Business Value, Valuations, Buying a business, Selling your business

 
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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