How to plan when you're not a natural planner [cheat sheet]

Posted by James Price | JPAbusiness on 22-Sep-2021 02:00:00

If you’ve been reading my blogs for a while now, you know I love a well-written business plan.

I encourage my business advisory clients to write things down, even in a summary sense, because it’s a good way of pressure testing your objectives and communicating them to your team.

Despite my penchant for written plans, I do know successful business owners who don’t write things down and still manage to be supreme at operational and business planning.

They do, however, employ a number of other important techniques, some of which we’ve summarised in the following cheat sheet:

Continue reading...

Topics: Business Planning, Succession planning, business advice, Business advisor, business management, growth strategies, James Price, strategic planning, JPAbusiness, annual business plan, Parramatta, Central West NSW, business plan

Why do I need a ‘brand identity’ and how do I develop one?

Posted by James Price | JPAbusiness on 11-Aug-2021 02:00:00

This blog comes from one of our most popular eBooks: Brand and Corporate Identity for Small to Mid-Sized Businesses.

The eBook was written with business branding experts Richard Amos and Mike Wilkinson.

What’s in a brand?

Comments by Richard Amos and Mike Wilkinson

We often talk about brand as a relationship, or a connection, between an organisation and its customers – it is the connection your business has with your customers’ minds.

A brand is the sum of all you say and do in relation to your products and services, plus consumers’ personal experiences with these.

Continue reading...

Topics: Business Planning, Brand and marketing, business advice, Business valuation, Business advisor, business valuer, James Price, brand identity, JPAbusiness, brand strategy, Parramatta, marketing, Central West NSW, branding, brand plan

How to achieve best practice in succession planning

Posted by James Price | JPAbusiness on 04-Aug-2021 02:00:00

Absolutely core to good succession planning and building a good team around you, is that each team member knows:

  • what’s expected of me;
  • where we’re headed, and
  • what success looks like when we get there.

If your goal is to be a business owner working on the business, rather than in the business, and to have a team of people working in concert for you, then one way to approach this goal is to consider the analogy of an orchestra conductor.

Continue reading...

Topics: Business Planning, cheat sheet, Template, Succession planning, staff management, business advice, eBook, Business advisor, James Price, JPAbusiness, Parramatta, managing employees, Central West NSW, business succesion

How to create a business plan

Posted by James Price | JPAbusiness on 23-Jun-2021 02:00:00

Business plans don’t have to be lengthy documents, but they do – in our opinion – need to be written down: if you haven’t written it down, you haven’t committed to it.

This short video series covers some key concepts related to business planning, including:

  • Why does my business need a plan?
  • How often should I review my business plans?
  • What to include in a Strategic Plan
  • What to include in an Annual Business Plan
Continue reading...

Topics: Business Planning, Template, Video, Succession planning, business advice, Business advisor, James Price, strategic planning, JPAbusiness, annual business plan, Central West NSW, business plan

A practical guide for setting up a small business [eBook]

Posted by James Price | JPAbusiness on 21-Apr-2021 02:00:00

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.

Continue reading...

Topics: Business Planning, business advice, eBook, Business advisor, business ownership, James Price, small business, JPAbusiness, Parramatta, Central West NSW, entrepreneur

How to build a great team [infographic]

Posted by James Price | JPAbusiness on 07-Apr-2021 02:00:00

Developing a reliable team – and keeping them – is one of the biggest challenges in business.

Everyone has their own motivations for the job they do, so there is no one-size-fits-all solution.

However over the years of helping business owners build and retain effective teams, we've identified several key actions that can help drive success in this area.

We've summarised them in the following infographic:

Continue reading...

Topics: Employment and recruitment, Business Planning, Staff, Starting a business, Succession planning, staff management, business advice, James Price, professional development, JPAbusiness, Parramatta, staff training, Central West NSW

Don't let over-reliance on key personnel erode business value [video]

Posted by James Price | JPAbusiness on 31-Mar-2021 02:00:00

Many businesses, particularly small to mid-sized businesses, rely heavily on one or two key individuals for the business to operate.

These individuals are often the business owners and they may be reluctant to delegate control and decision making for a variety of reasons.

Whatever those reasons, the result is centralised decision making, knowledge and experience, which are not easily transferable in a business sale.

Ultimately, of course, that impacts business value – and not in a good way!

Continue reading...

Topics: Business Planning, Valuations, Template, Video, Succession planning, Business valuation, Business advisor, JPAbusiness, Parramatta, succession, business succession, scorecard, business value drivers

5 tips for business buyers [video]

Posted by James Price | JPAbusiness on 24-Feb-2021 02:00:00

The following video features 5 tips that will help you take a planned and measured 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.

Continue reading...

Topics: Buying a business, Business Planning, Video, business advice, Business valuation, Business advisor, James Price, valuing a business, Parramatta, Central West NSW, business sale transaction advisor, business value drivers

How to use succession planning to boost business value [template]

Posted by James Price | JPAbusiness on 10-Feb-2021 02:00:00

Succession planning is the process of identifying and developing internal staff who have the potential to fill key business leadership positions should existing leaders – including yourself – leave the business.

It’s about creating a back-up system for your people resource and it should start the minute you take on a business’ ownership, whether you buy it or start it from scratch.

Continue reading...

Topics: Business Value, Business Planning, Template, Succession planning, business advice, Business advisor, James Price, JPAbusiness, Parramatta, Central West NSW, business succession, scorecard

Top 10 do’s and don’ts of selling a business [infographic]

Posted by James Price | JPAbusiness on 16-Dec-2020 02:00:00

Planning, professional marketing, timing and finding the right match regarding value and terms are just some of the ingredients that go to making a successful business sale.

The following infographic is a distillation of lessons we've learned over many years as business sale transaction advisors.

Use these tips to help you make the right decisions when preparing your business for sale.

Continue reading...

Topics: Selling your business, Advice, Business Planning, infographic, selling a business, Business advisor, James Price, JPAbusiness, Parramatta, Central West NSW, business sale, business sale transaction 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. 
 
 

 

JPAbusiness

Topic

more

Recent Posts