How to choose a business broker [infographic]

Posted by James Price | JPAbusiness on 23-Aug-2017 04:00:00

If you’re considering selling your business and have decided against self-marketing, how do you evaluate the abilities of all the different brokers out there?

There are some obvious attributes you need to look for – experience is a big one – but your own attitude is actually a critical factor.

If you think of a broker as simply someone who takes commission for selling your business, you’re not likely to get value from the relationship.

Working with an advisor or broker can be a partnership, if you’re prepared to think of it as one and you choose the right partner!

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Topics: Selling your business, Advice, Business transfer, Partners

How to address legal and other business transfer issues

Posted by James Price | JPAbusiness on 28-Oct-2016 04:13:00

In this blog we examine the final two categories in the JPAbusiness Business Transfer ChecklistLegal and Other.

Legal

There are many legal issues to consider in a business transaction process and, as we have often said in our eBooks and blogs, engaging a solicitor with experience in business sales is critical.

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Topics: Buying a business, Selling your business, Advice, Legal, Business transfer, Exiting your business

Business transfer issues: Customers, Suppliers and Stock [blog]

Posted by James Price | JPAbusiness on 21-Oct-2016 03:03:00

From the JPAbusiness Strategic Business Insights blog archives

In this blog we examine the next three categories in the JPAbusiness Business Transfer ChecklistCustomers, Suppliers and Stock.

Customers

In our previous blog we talked about the financial issues related to customers, but there is a separate issue regarding customers and that is ‘relationships’.

A business may have 50 regular and loyal customers and yet 15 of those may represent 60% of the sales on a regular basis.

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Topics: Customers, Business transfer, Inventory, Suppliers

How to use our Business Transfer Checklist [Free template]

Posted by James Price | JPAbusiness on 14-Oct-2016 03:01:00

There are several important issues a vendor and, by definition, a purchaser need to consider and deal with in the transfer process leading up to settlement.

We have created the JPAbusiness Business Transfer Checklist based on the seven major issues you will need to consider:

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Topics: Buying a business, Selling your business, Free download, Business transfer, Template, Checklist, business advice, business buying, Business advisor, Business selling, Parramatta, Central West NSW

Business Transfer Issues: Employee and Financial

Posted by James Price | JPAbusiness on 07-Oct-2016 05:26:00

In this blog James examines the first two categories in the JPAbusiness Business Transfer Checklist – Employees and Financial. 

Employees

There are a number of business transfer issues related to employee management and two of the most important are:

  • Documentation
  • Communication
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Topics: Advice, Staff, Business transfer, Financial

What is goodwill and why pay for it? [blog]

Posted by James Price | JPAbusiness on 28-May-2016 17:11:17

Goodwill is a measure of your business’ future potential – true or false?

Answer: False, but that doesn’t mean people won’t pay for goodwill.

What is goodwill?

Goodwill is an intangible value associated with a business.

As we have explained in other eBooks and blogs, stock, plant and equipment, and other fixed assets, are tangible items that can be relatively easily valued on a market.

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Topics: Business Value, Selling your business, Advice, Business transfer, Due diligence, Exiting your 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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