Strategic planning – it doesn’t have to be so hard [blog]

Posted by James Price | JPAbusiness on 14-Jun-2017 05:04:00

When I speak to business owners about planning I find their eyes often glaze over or they break out in a cold sweat.

“Planning? Oh no!” they say. “Do we really need to talk about that? How will it make my business better?”

But planning doesn’t have to be an onerous task and it is very valuable.

I recently met with a new client to discuss the strategic planning program we are about to embark on with them.

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Topics: Advice, Business Planning

Free download: Annual Business Plan Template

Posted by James Price | JPAbusiness on 08-Feb-2017 05:47:00

Business planning is about making your business as robust as possible, so it can take advantage of opportunities and also successfully withstand inevitable shocks.

Annual business plans don’t have to be weighty documents, but they do need to contain some key information, with the most important being:

  • frank and honest appraisal of resources
  • analysis of your competitive environment
  • SWOT analysis
  • targets
  • budget.
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Topics: Free download, Business Planning, Template, Succession planning

Pros and cons of 'sole trader' business structure [infographic]

Posted by James Price | JPAbusiness on 26-Oct-2016 03:00:00

There is generally no perfect structure that covers all wish-list items for a given business structure proposal, so the goal is to achieve a structure of ‘best fit’ for your business.

We are creating a series of infographics to illustrate the pros and cons of four common business structures: Sole Trader, Partnership, Company and Trust.

First up is the Sole Trader infographic – keep an eye out for the others, which will be published over the next three weeks.

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Topics: Buying a business, Advice, Business Planning, Business Structures, Starting a business

Fools rush in – planning your business purchase [blog]

Posted by James Price | JPAbusiness on 21-Jul-2016 14:06:59

Why 'how much' should not be your first question (or second, or third)

Whether we’re assisting a client to buy a business, providing advice or due diligence, or fielding enquiries on businesses we’re marketing for sale, one of the first things I tell people is the price of the business should not be their primary concern.

Now that sounds a bit strange, I know, because price is obviously important –  it would be silly to enquire about a business worth $5 million, for example, when you have $500,000 maximum to invest.

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Topics: Buying a business, Advice, Business Planning, Starting a business

 
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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