If you’re a business owner considering taking on an investing party or shareholder, some form of written shareholders’ or partners’ agreement is vital.
Use the agreement to make clear all parties’ investment and partnership intentions and responsibilities from the outset.
Remember, this is your business, so you can cover whatever you think important, from business relationships, ethics and cultural issues, to insurances, taxation and debt obligations; it’s your blank canvas.
Topics: Advice, Partners, Business Structures, Shareholders, Checklist, business advice, shareholders agreement
The JPAbusiness Strategic Value Checklist has been created to help you drive positive strategic value in your business.
Don't wait until it's time to sell or exit to work on the business characteristics listed in the checklist. While strategic value drivers are not always quantifiable (as we discussed in our free eBook Strategic Value in a Business Sale) they’re not fairy dust either. They can’t be created with a magic wand overnight!
Strategic value drivers result from real actions you can take to enhance year-by-year earnings in your business, and also potentially assist you to capture extra value on exit of your business.
Topics: Business Value, Selling your business, Advice, Valuations, Exiting your business, Checklist, Business advisor
A recently released international study has found small businesses lose almost twice as much to occupational fraud – per case – as large businesses (over 100 employees).
Every two years the Association of Certified Fraud Examiners (ACFE) produces its Report to the Nations: Global study on occupational fraud and abuse.
The following insights about the impact of employee fraud on small business come from the 2018 report:
Topics: infographic, staff management, Checklist, Employee fraud, fraud prevention
When business owners come to see us, wanting to sell their business, we often get involved in providing what we term ‘vendor due diligence’.
When conducting vendor due diligence for clients, our role is basically to ‘pretend’ we are the buyer.
We look at a range of business health factors including:
Topics: Selling your business, Template, Checklist, business advice, Business advisor, vendor due diligence
Buying a business is an investment class that is not as liquid as many others, so it is not an investment decision to be rushed into or made lightly.
For those of you considering buying a business, we have created the Business Buyer's Checklist.
Topics: Buying a business, Checklist, business advice, business buying, Business advisor
If you are considering taking on a shareholder or other investing party, it is very important you ensure there is some form of written shareholders’ or partners’ agreement from the outset.
Use the agreement to make clear all parties’ investment and partnership intentions and responsibilities.
In this video I explain why you should have a shareholders' agreement and some of the key issues that need to be covered off in the document.
Topics: Partners, Shareholders, Video, Checklist
Improved communications and the global economy mean businesses are increasingly using outsourcing parties to drive efficiencies.
Contractors, part-time and casual staff, consultants and advisers, are now common among SMEs and larger businesses alike.
We’ve created the JPAbusiness Outsourcing Checklist to help you as a business owner or senior manager decide where and when you can use outsourcing, or virtual resourcing.
Topics: Free download, Template, outsourcing, virtual team, staff management, Checklist
