JPAbusiness

The short answer to this question is yes... and no.

Buying a business that provides you with a good job is definitely a worthwhile strategy, as long as it doesn’t just provide you with a job.

If you own a business, what are the main risks you will be taking?

• Operational risk – As a business owner you count on your systems and processes to work in a predictable manner and accept the risk of those systems and processes failing. For example, your safety system could fail and cause injury to an employee, or your manufacturing system could break down, causing you to default on a major customer contract.

Topics: Buying a business, business ownership, running a business, redundancy, buy a business, owning a business

JPAbusiness works with many well-established private businesses, large and small, across a range of industries. However, from time to time, we also assist clients who are just beginning their business journey.

These clients may be coming from an employed environment and have been working on a ‘side hustle’ that has grown well beyond their expectations.

Or they simply decide to go into business via a new opportunity or venture, or acquire an existing business and either have it managed, or work in it directly.

Topics: Business Planning, Starting a business, eBook, business ownership, start-up, small business, entrepreneur

The short answer to this question is yes... and no.

Buying a business that provides you with a good job is definitely a worthwhile strategy, as long as it doesn’t just provide you with a job.

Topics: Buying a business, business ownership, redundancy, buy a business, owning a business

Before you spend months trawling through business advertising sites, trying to decide which business would best suit you, first consider whether you would suit business.

In this infographic we’ve summarised 10 attributes we tend to see in successful business people.

Topics: Buying a business, infographic, Starting a business, business management, business ownership, owning a business

There are a number of mechanisms to provide senior and key staff with a level of interest in your business over and above an employee status.

It’s often referred to as giving employees ‘skin in the game’ and it’s about aligning your objectives as a business owner and operator with your key people, so together you can achieve great things within the business.

There are a number of ways to align objectives between the parties, through both ownership and/or incentive arrangements without formal ownership:

Topics: staff management, Business culture, business ownership, staff share plans, staff culture

If you're thinking about buying or starting a business – moving from the employed workforce to self-employment – take a look at our free Business Owner's Checklist.

The checklist features 10 common attributes our team tends to find in people who successfully build and run businesses.

Among these attributes are:

• persistence
• ability to deal with uncertainty, including extreme highs and lows
• ideas person, with an eye to commercialisation and reality
• self-confidence, but not arrogance
• someone who can trust others.

Topics: Buying a business, Template, Checklist, business ownership, running a business, owning a business

Business ownership can be incredibly rewarding – personally, professionally and financially – but it’s not for everyone.

Business ownership is only the right environment for some people, and for many of those it’s only the right environment at the right time.

Before you spend months trawling through business advertising sites, trying to decide which business would best suit you, first consider whether you would suit business.

In this infographic we’ve summarised 10 attributes we tend to see in successful business people.

Topics: Buying a business, infographic, business management, business ownership, running a business