Risks to consider when a side project becomes your business [video]

Posted by James Price | JPAbusiness on 29-Jan-2020 02:00:00

Man wearing red t-shirt, smiling at camera while using a laptop in a cafe

In our experience dealing with clients over the years, we've found many businesses start as side projects.

In this video, James tells the story of a client whose 'side project' became a multi-million dollar transport business.

He also points out some risks to watch out for regarding business governance, structure and process issues when a business starts this way, and how to ensure they don't negatively impact the business' value down the track, when it comes time to exit.

 

If you would like advice about choosing the most effective structure for your business, contact the team at JPAbusiness on 02 6360 0360 (Orange) or 02 9893 1803 (Parramatta) for a confidential, initial discussion.

 

JPAbusiness | How to choose the right structure for your business [eBook]


James Price 2018 smallJames Price has over 30 years' experience in providing strategic, commercial and financial advice to Australian and international business clients. James' blogs provide business advice for aspiring and current small to mid-sized business owners, operators and managers.

 

Topics: Business Value, Family business, Business Structures, Video, business advice, Business advisor, Governance, Parramatta, Orange NSW

 
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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