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    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.

    Continue reading...

    Topics: Advice, Partners, Running your business, Banking, 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.

    Continue reading...

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

    Continue reading...

    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

    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.

    Continue reading...

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

    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

    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

    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

     
    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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