3 questions to ask when valuing a business [video]

Posted by James Price | JPAbusiness on 05-Dec-2018 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

Why I went to California, and why you should too*

Posted by James Price | JPAbusiness on 05-Dec-2018 02:00:00

*You don’t actually have to go to California, but I do recommend taking advantage of professional development opportunities whenever possible. 

A senior member of the team and I travelled to California recently to attend the Advanced Business Valuation and International Appraisers Conference. The conference was hosted by the American Society of Appraisers, an international organisation representing all appraisal disciplines, including business valuation.

It was a jam-packed three days of hearing from expert industry practitioners and thought-leaders on diverse topics, including:

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Topics: Training and Professional Development, staff management, business advice, business development, Business advisor, professional development

How long does it take to buy a business?

Posted by James Price | JPAbusiness on 21-Nov-2018 02:00:00

We provide a range of services to business buying clients, from initial review and feasibility, through to business valuations, a preliminary assessment of the strength of the opportunity, full due diligence services if the party has lodged a non-binding offer and is seriously interested in the business, through to merger and acquisition facilitation services.

We have helped some clients find the right business within six months while, for other clients, it has taken over three years.

The key phrase is ‘the right business’; I’m sure we could speed up the process if our aim was just to help our clients buy ‘a’ business, but that’s not our job.

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Topics: Buying a business, business advice, Business valuation, Business advisor, vendor due diligence

JPAbusiness seeking skilled individuals to grow our team

Posted by James Price | JPAbusiness on 07-Nov-2018 02:00:00

JPAbusiness is on the lookout for outstanding individuals to help us grow our valuation, business broking and business advisory services.

We are looking to fill three vacancies with motivated, inquisitive and genuinely client-focused team members.

The positions are:

  • Business analyst – Management consulting and valuation professional
  • Transaction advisor/business broker
  • Business analyst – Graduate position

The positions will all be based in our corporate office in the beautiful and vibrant regional city of Orange, NSW. 

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Topics: Business advisor, staff recruitment, business broker, business valuer, positions vacant, graduate position

Tips to manage business debt

Posted by James Price | JPAbusiness on 12-Sep-2018 02:00:00

'Low debt' was one of the top 3 positive impacts on business performance identified by respondents to our recent surveyIn fact, over 40% of respondents cited maintaining a low debt as a key element of their positive business performance.

One of the focus areas for business owners to drive their business forward is maintaining an awareness 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, business advice, Business advisor, survey results

Confidence softens in second JPAbusiness survey: results

Posted by James Price | JPAbusiness on 05-Sep-2018 02:00:00

Almost 54% of respondents to our July survey indicated they were ‘confident’ about trading conditions heading into the 2018/19 financial year, while 47% indicated current trading conditions were ‘positive’.

The results indicate a softening in business confidence among respondents since our first survey in December 2017, when the results were 60% and 59%, respectively, for those two questions.

The results also appear to be in line with the NAB business confidence index, which dropped from a high of 12 in January to an 18-month low of 6 in June, before edging up to 7 in July.

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Topics: Business Planning, Banks and lending, staff management, business advice, Business advisor, business confidence survey

7 tips for successful hiring [cheat sheet]

Posted by James Price | JPAbusiness on 05-Sep-2018 02:00:00

Great staff are critical to our success as business owners and managers but, as our recent survey found, finding and keeping the right people is an ongoing challenge for many businesses.

One-third of our survey respondents indicated the biggest challenge impacting their business in the past six months had been 'finding and retaining good employees'.

Unfortunately we can't conjure appropriately trained staff out of the air for our clients and subscribers, but we can provide advice to make the recruitment process as successful as possible.

The following cheat sheet contains our 7 'golden rules' for successful hiring.

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Topics: Employment and recruitment, Advice, cheat sheet, staff management, Business advisor, hiring staff

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

How to calculate your Inventory Turnover Ratio [infographic]

Posted by James Price | JPAbusiness on 29-Aug-2018 02:00:00

The first step in determining the correct stock holding for your business is to understand your current Inventory Turnover Ratio (ITR) i.e. your stock turn.

As a rule of thumb, a stock holding that represents 12 months worth of sales is the maximum needed. However, it’s very hard to generalise.

Some businesses are import oriented so need to commit to a certain level of stock to ensure their freight rate is not exorbitant and/or they have sufficient stock ordered from a single season pre-order. This may cause lumps in their stock holdings.

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Topics: Cash flow, Working capital, Inventory, infographic, business advice, Business advisor, inventory turnover ratio

How to bring in a new shareholder [cheat sheet]

Posted by James Price | JPAbusiness on 22-Aug-2018 02:00:00

There are 2 key issues to consider when taking on a new partner or shareholder:

  1. How to establish the shareholding for the incoming investor
  2. How to manage the shareholder relationships.

The following cheat sheet sets out some of the questions you need to consider to ensure your agreement is well thought out and the shareholder relationships are well managed. 

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Topics: Shareholders, cheat sheet, business advice, Business advisor

 
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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