3 first steps when selling a business [infographic]

Posted by James Price | JPAbusiness on 01-May-2019 02:00:00

Selling a business should not be like exploring an uncharted continent.

When embarking on a business sale you’re not just taking yourself, but you must also bring along your business partners, staff and advisors for the journey. It’s a massive undertaking and not one to be entered into lightly.

Don’t go exploring on a business sale unless you at least know where you want to end up.

This week's infographic is for those just setting out on the business sale journey, and step 1 is about being honest with yourself regarding why you're on this journey to help you determine where you need to go. 

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Topics: Selling your business, infographic, selling a business, Business valuation, Business advisor, Business selling, business broker, Parramatta, Orange NSW

How poor information hurts a business sale [infographic]

Posted by James Price | JPAbusiness on 04-Apr-2018 02:00:00

When selling your business, it's important to put yourself in the position of a buyer.

Ask yourself: 'If I was considering buying this business, what would I want – and need – to know in order to make an informed decision about the opportunity?'

As advisors, we understand that good information on a business opportunity is critical to a successful sale.

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Topics: Selling your business, business advice, Business selling, business broker

3 first steps for business sellers [infographic]

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

Selling a business is not a simple undertaking and we have created a number of free resources to help out:

This week's infographic, however, is for those just setting out on the business sale journey:

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Topics: Selling your business, infographic, selling a business, Business valuation, Business selling, business broker

[Video] How family business culture impacts value

Posted by James Price | JPAbusiness on 24-Jan-2018 02:00:00

Family businesses have a reputation for having strong, efficient business cultures.

(And, as we all know, strong, sustainable business cultures contribute to strong, sustainable financial performance and, hence, business value.)

While this reputation is well-deserved and generally true, the family business structure can also lend itself to developing a 'toxic' business culture.

As James explains in this video, there can be a two 'classes' of individuals in a family business. 

 

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Topics: Business Value, Family business, staff management, business advice, selling a business, Business advisor, Business selling, Business culture

How to use our Selling a Business Planning Sheet [template]

Posted by James Price | JPAbusiness on 03-Jan-2018 02:00:00

With the new year upon us, we thought the time was right to publish our new Selling a Business Planning Sheet.

Business owners often use time off during the holiday period to reflect on their business’ performance and make decisions for the year ahead – decisions which may involve exit and succession plans.

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Topics: Selling your business, Template, Business advisor, Business selling

 
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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