How long will it take to exit my business? [video]

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

At JPAbusiness we believe five years is a good benchmark to be planning for succession and exit.

In this video I use the example of a JPAbusiness client to show how this forward planning can place your business in the best position for a successful exit, whether that exit comes in the form of a planned sale process or an unexpected purchase offer.

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Topics: Exiting your business, Succession planning, Advice, Video

How to use valuation as a management tool [video]

Posted by James Price | JPAbusiness on 03-Oct-2018 02:00:00

Don't wait until someone offers to buy your business to seek a business valuation or market appraisal.

Valuations are extremely useful management tools for business owners looking to maximise their current business performance and long-term value.

A valuation can help you identify what you are currently doing that is adding to your business value, and what you are doing that is detracting from value.

My advice is that, if your business is greater than five years old, you should have it valued on a reasonably regular basis.

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Topics: Valuations, Business Value, Advice, Video, business advice, market appraisal, business management

How often should I review my business plans? [video]

Posted by James Price | JPAbusiness on 08-Aug-2018 02:00:00

In this video I give my view on how often you should review your business plans and, importantly, who they need to be shared with.

Sharing a plan with your team will:

  • ensure goal alignment
  • help create a positive and participative business culture
  • test the plan by exposing it to fresh eyes.

As we always say, a good plan is a shared plan.

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Topics: James Price, business advice, strategic planning, Business Planning, Business advisor, Video

What to include in an Annual Business Plan [video]

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

In this video I list four components of an annual business plan and drill down a little into some of the business issues you should cover under each of those four elements.

An annual business plan should encompass three core concepts:

  1. Where is the business now?
  2. Where do we want the business to be in the future?
  3. How are we going to marshal the resources we have and which we can influence to get there?
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Topics: James Price, business advice, strategic planning, Business Planning, Business advisor, Video

Why does my business need a plan? [video]

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

As a business owner or senior manager, you can’t plan for every eventuality, but you can plan to withstand shocks. 

In this video I explain that business plans don't have to be excessively large or detailed, but they do need to exist in order to demonstrate your commitment to your business goals.

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Topics: Business Planning, Video, Advice, business management, Business advisor, James Price

5 first steps to buying a business [video]

Posted by James Price | JPAbusiness on 18-Apr-2018 02:00:00

Every business is different, but in this video I'm sharing 5 'first steps', or tips, which we think are useful when buying any business.

Following these steps will help you take a planned approach to what may well be one of the biggest financial investments of your life.

They're each important in their own way, but I must admit Tip 2 – 'Have passion for the opportunity' – is a key one for me.

Owning a business can be difficult at times, but it's easier to withstand those challenges if you have a 'fire in your belly' for what you do.

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Topics: Business advisor, business advice, Buying a business, Video

How to improve cash flow with suppliers [video]

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

Cash flow is the lifeblood of a business.

Cash flow has always been important, but it has become even more so in a post-GFC world.

Money was hard to come by during the global financial crisis, so smart companies looked at their total business operations and asked ‘where do I have money tied up that I can use more efficiently?’

In this video I'm focusing on how you can improve your cash flow through your dealings with suppliers.

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Topics: Cash flow, business advice, managing suppliers, Video

[Video] How to use the Business Health Check template

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

JPAbusiness has been conducting Business Health Checks for clients for over 15 years.

In this video James explains how the Business Health Check has become such an important part of JPAbusiness' portfolio of client services, and how it serves as a diagnostic tool for uncovering a business' weaknesses, while also identifying its strengths.

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Topics: Business advisor, Template, Video, Business health check

 
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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