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

    7 tips for successful hiring [cheat sheet]

    Posted by James Price | JPAbusiness on 05-Sep-2018 02:00:00

    Great staff are critical to our success as business owners and managers but, as our recent survey found, finding and keeping the right people is an ongoing challenge for many businesses.

    One-third of our survey respondents indicated the biggest challenge impacting their business in the past six months had been 'finding and retaining good employees'.

    Unfortunately we can't conjure appropriately trained staff out of the air for our clients and subscribers, but we can provide advice to make the recruitment process as successful as possible.

    The following cheat sheet contains our 7 'golden rules' for successful hiring.

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    Topics: Employment and recruitment, Advice, cheat sheet, staff management, Business advisor, hiring staff

    How to develop a successful brand [cheat sheet]

    Posted by James Price | JPAbusiness on 29-Aug-2018 02:00:00

    A few years ago we were delighted to partner with Richard Amos and Mike Wilkinson from Royce Communications to create one of our most popular eBooks: Brand and Corporate Identity for Small to Mid-Sized Businesses.

    Royce Communications works with some of Australia’s largest brands across corporate, consumer, government and not-for-profit sectors.

    In this cheat sheet we have distilled some of Richard and Mike’s valuable tips for establishing and maintaining a successful brand identity.

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    Topics: Advice, Brand and marketing, Running your business, cheat sheet, business advice, Business advisor, brand identity

    How to bring in a new shareholder [cheat sheet]

    Posted by James Price | JPAbusiness on 22-Aug-2018 02:00:00

    There are 2 key issues to consider when taking on a new partner or shareholder:

    1. How to establish the shareholding for the incoming investor
    2. How to manage the shareholder relationships.

    The following cheat sheet sets out some of the questions you need to consider to ensure your agreement is well thought out and the shareholder relationships are well managed. 

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    Topics: Shareholders, cheat sheet, business advice, Business advisor

    How to make your business attractive to lenders [cheat sheet]

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

    A bank, financier or equity investor focuses on three S’s when considering their appetite for your business. They are:

    • Servicing
    • Security
    • Surety.
    None of these factors are completely controllable, but they are strongly influenced by your actions as a business owner.

    Our cheat sheet can help you understand and manage these factors, to help create a strong and positive relationship with your bank or financier.

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    Topics: Advice, Banks and lending, Running your business, cheat sheet, Banking

    4 strategies to turn around poor staff performance [cheat sheet]

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

    In our eBook Managing Staff for High Performance we explained how to manage staff on a daily basis using our Dynamic Performance Checklist.

    If this process is working well there should be minimal requirement for corrective action.

    However, we're all humans and we're all fallible, so there is always room for improvement, as well as issues that can lead to performance below expectations.

    The following cheat sheet contains some of our strategies for turning around poor staff performance.

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    Topics: cheat sheet, staff management, business advice, staff performance, performance review

    Cheat sheet – How to develop a high-performing team

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

    The JPAbusiness Staff Management Cheat Sheet is designed to assist you, as an owner or senior manager, to get the most from staff by helping you to manage positively and proactively.

    The cheat sheet contains 6 staff management themes which you need to keep in mind – and act on – as you go about your day-to-day activities.

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    Topics: Employment and recruitment, Advice, Running your business, cheat sheet, staff management, business advice

    Tips for successful outsourcing [cheat sheet]

    Posted by James Price | JPAbusiness on 14-Mar-2018 02:00:00

    Outsourcing is hardly a new phenomenon in business, but globalisation and technological advances have made it a much more common one.

    Many small to medium-sized enterprises – including my own – have a ‘virtual team’ of service providers who work in concert with the regular team of in-office staff members.

    We have created the following cheat sheet based on our experience and that of our clients who also have valuable outsourcing partnerships.

    Continue reading...

    Topics: Free download, Advice, Staff, Running your business, cheat sheet, outsourcing, business advice

    4 guiding principles when choosing a business structure [cheat sheet]

    Posted by James Price | JPAbusiness on 25-Oct-2017 05:32:00

    Good business structures should be effective in:

    1. Protecting your assets
    2. Minimising your income tax and capital gains tax
    3. Simplifying your administration
    4. Achieving your retirement objectives
    5. Achieving your estate planning objectives.
    Continue reading...

    Topics: Business Structures, cheat sheet

    14 ways to control your cash flow [cheat sheet]

    Posted by James Price | JPAbusiness on 27-Sep-2017 05:00:00

    Cash flow is a critical part of the operation of a business.

    If your business were a human body then cash flow would be the system of veins and arteries and the blood that runs through them.

    Cash flow is essential for keeping the body/business alive, active and functioning.

    This cheat sheet contains 14 of our top tips for managing your cash flow. 

    Continue reading...

    Topics: Advice, Cash flow, Working capital, Running your business, cheat sheet

     
    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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