10 do’s and don’ts when selling a business [infographic]

Posted by James Price | JPAbusiness on 10-Oct-2018 02:00:00

Planning, professional marketing, timing and finding the right match regarding value and terms are just some of the ingredients that go to making a successful business sale. (As we often say, selling a business is not an exact science!)

The following infographic is a distillation of lessons we've learned over many years of advising business sale clients.

Use these tips to help you make the right decisions when preparing your business for sale.

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Topics: Selling your business, Advice, infographic, selling a business, Business Planning

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

How to partner with private equity [infographic]

Posted by James Price | JPAbusiness on 19-Sep-2018 02:00:00

Private equity is not for everyone but, in situations where it aligns with your business goals, it can be very effective.

So what do you need to know if you're thinking about seeking private equity investment?

The following infographic provides some private equity basics, for anyone starting out on the PE journey.

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Topics: Private equity, infographic, business advice, growth strategies, growing a business, Succession planning

How to calculate your Inventory Turnover Ratio [infographic]

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

The first step in determining the correct stock holding for your business is to understand your current Inventory Turnover Ratio (ITR) i.e. your stock turn.

As a rule of thumb, a stock holding that represents 12 months worth of sales is the maximum needed. However, it’s very hard to generalise.

Some businesses are import oriented so need to commit to a certain level of stock to ensure their freight rate is not exorbitant and/or they have sufficient stock ordered from a single season pre-order. This may cause lumps in their stock holdings.

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Topics: Inventory, Working capital, infographic, inventory turnover ratio, Cash flow, business advice, Business advisor

5 fundamentals of running a business [infographic]

Posted by James Price | JPAbusiness on 15-Aug-2018 02:00:00

There are 5 key business fundamentals a business owner or senior manager needs to grasp in order to run a business for optimum performance.

The following information is a distillation of the things many of our best clients do on any given day of the week, presented here as a simple infographic.

These fundamentals are not necessarily sequential, instead they often overlap and run in parallel, and also inform and interact.

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Topics: business advice, running a business, Business Value, infographic

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 make succession part of your business model [cheat sheet]

Posted by James Price | JPAbusiness on 11-Jul-2018 02:00:00

It’s never too early to start thinking about your succession strategy and developing the skills of your team and business capability.

Succession planning is about creating a sustainable business that will continue to operate successfully into the future, whether you stay in the business or not.

The following cheat sheet contains 6 succession strategies you can start employing today.

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Topics: Succession planning, infographic

How valuers assess a business' online presence [infographic]

Posted by James Price | JPAbusiness on 27-Jun-2018 02:00:00

In order to determine a business’s value we assess business health factors, which may include:

  • Financial performance
  • Quality of product or service delivery
  • Point of difference and competitive position
  • Staff culture and performance
  • Physical location and geographic coverage
  • Diversity, size and quality of clients
  • External pressures on business, including industry trends and dynamics
  • Future projections and prospects.

In the past five years, a critical new health factor has been added to that list: ‘Online presence and quality of online interaction’. 

The following infographic illustrates some of the factors we take into account when assessing a business' online position.

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Topics: Business Value, infographic, Free download, Online, Running your business, Business valuation

What information should I share when selling? [infographic]

Posted by James Price | JPAbusiness on 30-May-2018 02:00:00

If you are looking to sell your business, the more clearly you can describe your value proposition and present supporting information in the business sale process, the more chance you have of driving business value.

Remember, for a business person, information can reduce risk and, therefore, increase confidence.

You’re not going to have a confident purchaser willing to bid up strongly on your business if you don’t have solid, robust and transparent information to support the performance of the business.

The following infographic is a simple guide to some of the key pieces of information you need to share when selling your business. 

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Topics: selling a business, Selling your business, infographic, Business advisor, business advice

How to make your joint venture a success [infographic]

Posted by James Price | JPAbusiness on 09-May-2018 02:00:00

The JPAbusiness team has been involved with setting up and facilitating a number of successful joint ventures over the years, and we have also been called upon to sort out arrangements where things have gone wrong or haven’t been set up with adequate planning and foresight.

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Topics: joint venture, infographic, business advice, Business advisor

 
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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