What is 'due diligence' when buying a business?

Posted by James Price | JPAbusiness on 22-Jan-2020 02:00:00

Due diligence is ‘the process of acquiring objective and reliable information on a … company as required, especially before a commercial acquisition’ [Macquarie Dictionary].

At JPAbusiness we regularly undertake due diligence for business-buying clients. The process involves checking and verifying information relating to the basic operations and performance of the business our client is considering buying.

Our role is to identify risks and issues, plus any material differences between what has been represented in information previously provided on the business, and what we identify in the due diligence process.

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Topics: Buying a business, Due diligence, Template, Checklist, business advice, eBook, Business advisor, business basics, Parramatta, Orange NSW, free resources

3 key questions to ask when valuing a business [video]

Posted by James Price | JPAbusiness on 15-Jan-2020 02:00:00

Business valuation is not an exact science and nor is it a simple science. However there are some factors you should always consider when assessing a business’ value.

The following video lists 3 key factors to consider when valuing a business and 3 questions you need to ask to uncover this important information.

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Topics: Business Value, Advice, BME, Video, business advice, Business valuation, Business advisor, Business maintainable earnings, Parramatta, Orange NSW

Uncover issues with our Business Health Check template

Posted by James Price | JPAbusiness on 08-Jan-2020 02:00:00

When we started JPAbusiness about 18 years ago, one of the first diagnostic services we offered business advisory clients was to conduct a Business Health Check.

The aim was to uncover performance-impacting issues in our clients' businesses that weren’t obvious to them and, sometimes, not even remotely on their radar.

And that’s what our Business Health Check template is all about: helping you as a business owner and manager be honest about how your business is performing.

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Topics: Template, business advice, Business advisor, Business health check, small business, Parramatta, Orange NSW

How to be a great business leader

Posted by James Price | JPAbusiness on 18-Dec-2019 02:00:00

This blog comes from our eBook Surfer Dudes, Janitors and the Ritz Carlton, featuring California-based management consultant Kevin Catlin from Insight Strategies, Inc.

 

Q. What makes a good business leader?

KEVIN: The great leaders truly care about their people as much as they care about the output their people produce.

The most astute leaders, in my opinion, understand something that seems a little counterintuitive, and that is that if you’re checking daily on the output of your company – on what it is ‘doing’ – then you’re wasting time.

What you’re company is ‘doing’ is really a lagging indicator of what you’re people are capable of.

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Topics: staff management, business advice, Business advisor, Business culture, leadership, Parramatta, Orange NSW, team building

4 tips to maintain or reduce business debt [infographic]

Posted by James Price | JPAbusiness on 11-Dec-2019 02:00:00

The infographic below contains four of our top tips for managing business debt and maintaining a healthy cash flow.

Business owners looking to drive their business forward need to be aware of their capital base and liquidity for working capital and investment purposes. Critical to this is maintaining a strong cash flow.

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Topics: Cash flow, Working capital, infographic, business advice, Business advisor, Parramatta, Orange NSW, managing debt

Why you need a valuation before starting the business sale process

Posted by James Price | JPAbusiness on 04-Dec-2019 02:00:00

When selling a business, it’s important to think carefullybefore taking it to market – about your reasons and objectives for selling.

Once you’ve established your objective, write it down and/or discuss it explicitly with your business partner, spouse and/or advisor.

You then need to obtain a professional valuation to determine whether a sale could meet that objective.

For example, sometimes we see business owners wanting a certain amount for their business and that amount is not necessarily determined by what the market would likely pay for the business, but rather it’s determined by the amount of outstanding loans the business owner has with the bank.

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Topics: Selling your business, business advice, selling a business, Business advisor, JPAbusiness, Parramatta, Orange NSW

4 questions to ask when buying a franchise [infographic]

Posted by James Price | JPAbusiness on 27-Nov-2019 02:00:00

Buying a franchise may, on the surface, seem exactly the same as buying a business.

Principally they are the same, except with a franchise the brand and business operational model has been systematised.

While the operational and other support mechanisms that come with a franchise are appealing when compared to an independent business, it’s important to consider the additional requirements and costs you may have to meet.

The infographic below contains four key questions for people considering buying a franchise:

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Topics: Buying a business, Due diligence, infographic, Franchises, Starting a business, business advice, buying a franchise, Parramatta, Orange NSW

Employing older workers – debunking myths and sharing strategies

Posted by James Price | JPAbusiness on 20-Nov-2019 02:00:00

Young people are most likely to be out of work in Australia, but older workers – over 55 – spend the most time between jobs: up to two to three years.

Older people are not the only cohort experiencing age discrimination in Australian workplaces, but I do believe as business leaders we’re missing a valuable opportunity to take advantage of this increasing pool of older, experienced workers.

Personally, I know of several colleagues from university who are in their mid-50s and have excellent experience and minds, but are finding it hard to secure meaningful roles.

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Topics: business advice, staff recruitment, staff performance, Parramatta, Orange NSW, mature-aged staff, employing older workers

4 ways to minimise risk when outsourcing [infographic]

Posted by James Price | JPAbusiness on 20-Nov-2019 02:00:00

Many businesses – including my own – have a ‘virtual team’ of service providers who work in concert with our regular team of in-office staff members.

We have created the following infographic based on our experience and that of our clients who also have valuable outsourcing partnerships.

Use these tips to help you enjoy the benefits of outsourcing, while avoiding some of the hazards.  

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Topics: Free download, Advice, Staff, Running your business, infographic, outsourcing, business advice, risk management, 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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