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    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. 

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

    The 3-Step Annual Business Plan Process [infographic]

    Posted by James Price | JPAbusiness on 26-Jul-2017 05:00:00

    Step one in the business planning process is to simply overcome the notion that planning is not critical to your business – it is!

    Business plans don't need to be weighty documents, but they do need to be:

    • referenced regularly,
    • shared with others, and 
    • pressure tested.

    The following graphic illustrates the 3 fundamental components of an annual business planning process.

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    Topics: Advice, Business Planning, Running your business, infographic, Starting a business

    7 tips for managing your virtual team [cheat sheet]

    Posted by James Price | JPAbusiness on 05-Jul-2017 05:30:00

    ‘Virtual teams’, ‘virtual resourcing’ and ‘contingent workforce’ are fancy ways of saying outsourcing.

    They’re modern terms, but their development is based on the very old business adage of ‘do what you do well and rely on others for the rest’.

    Globalisation and technological advances mean small to medium-sized enterprises (SMEs) are increasingly outsourcing to drive efficiencies, but managing virtual teams also presents its own challenges.

    Continue reading...

    Topics: Employment and recruitment, Advice, Staff, Running your business, cheat sheet

    Time for an end-of-financial-year check-up? [template]

    Posted by James Price | JPAbusiness on 14-Jun-2017 05:17:00

    We created the JPAbusiness Business Health Check template to use with our business advisory clients.

    It helps them to identify business health issues they can address in-house, as well as areas where they need to seek external advice on methods to improve the business’s outcomes.

    Continue reading...

    Topics: Free download, Advice, Running your business, Template, Financial

    How does a business' online activity impact its value? [infographic]

    Posted by James Price | JPAbusiness on 07-Jun-2017 05:04:00

    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
    Continue reading...

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

    What your balance sheet should look like [infographic]

    Posted by James Price | JPAbusiness on 24-May-2017 05:13:00

    Many business owners, in small and large firms, don’t really focus on their balance sheet.

    Continue reading...

    Topics: Advice, Banks and lending, Running your business, infographic, Banking

    The inside-out principle – what is it and how can it help my business?

    Posted by James Price | JPAbusiness on 17-May-2017 05:04:00

    This time last year we published an eBook which challenged readers to ask themselves: ‘Am I the right type of person to own a business?’

    The free eBook, Pros and Cons of Owning Your Own Business, was created for anyone considering buying or starting their first business, and it has proved very popular with our readership. It includes a checklist of 10 common attributes we tend to find in people who successfully build and run businesses.

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    Topics: Buying a business, Advice, Running your business

    What is employee fraud and who is most likely to commit it?

    Posted by James Price | JPAbusiness on 03-May-2017 05:31:00

    When undertaking valuations for business owners or due diligence for business buyers, we occasionally find large variability in a business’s financial results, such as a year or two that runs significantly against a positive trend and is difficult to explain.

    In other circumstances variations are not as obvious, such as:

    Continue reading...

    Topics: Advice, Staff, Running your business, Fraud

    Free download – Professional development plan [template]

    Posted by James Price | JPAbusiness on 22-Mar-2017 04:00:00

    The JPAbusiness Professional Development Plan template has been designed to help business owners and senior managers prepare senior staff for additional duties in future roles.

    Use the Professional Development Plan when discussing role progression and/or conducting performance reviews with your senior team members to identify strengths, weaknesses, issues and gaps in achieving their career objectives, as well as your business goals.

    Click the image below to download your free template:

    Continue reading...

    Topics: Advice, Staff, Running your business, Template

    3 Business Health Check winners announced

    Posted by James Price | JPAbusiness on 14-Dec-2016 05:01:00

    The JPAbusiness team is delighted to announce the winners of our free Business Health Checks, valued at $1,125 each.

    The Business Health Checks were awarded as lucky door prizes as part of our recent JPAbusiness luncheons, held in Sydney, Melbourne and Orange.

    The lucky winners are:

    Continue reading...

    Topics: Advice, Running 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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