How to create a business plan in 3 steps

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

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

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

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

5 tips for partnering with your banker [infographic]

Posted by James Price | JPAbusiness on 04-Jul-2018 02:00:00

A banker is not just a simple supplier to your business – they are a partner in your business.

In order to advance funds to your business, the bank must first assess a range of risks associated with your business. Based on that assessment, they then take a risk in advancing you dollars.

Yes, they take security for that risk, which usually ranks before your equity in the business, but ultimately their success in lending money is inextricably linked to your success as a business.

So treating them as anything other than a business partner is not doing the opportunity justice.

The following infographic sums up what you can do to give that partnership every chance of success.

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Topics: Advice, Banking, Partners, Running your business, Business advisor, business management

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

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

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.

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

How to build a valuable customer base [cheat sheet]

Posted by James Price | JPAbusiness on 31-Jan-2018 02:00:00

When running a business, we all know it's important to have happy customers, but it's equally important to ensure we have 'valuable' customers.

Our new cheat sheet provides 4 steps to identifying and building a valuable customer base.

Step one is to determine the quality of your current customer base.

If you find quality is lacking in some areas – for example client diversity or payment times – follow the next steps to help you create a deliberate strategy for attracting valuable customers.

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Topics: business advice, business development, Running your business, Customers, Business Value

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

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.

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Topics: Advice, Staff, Employment and recruitment, cheat sheet, 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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