JPAbusiness

Taking a look at JPAbusiness’ website analytics this week, I noted that our Business Transfer Checklist has been a popular download over the past few months.

It got me thinking about the state of the business transaction market and the fact some may be surprised to hear that business sales are still going on during such an uncertain time.

I know from our contact with solicitors that sales and acquisitions, and legal services relating to these, have certainly declined since COVID-19 restrictions came about.

However, from what I’m seeing on the ground, transactions that are still happening – or being planned or contemplated – are being driven by a range of factors, including the following:

Topics: Buying a business, Business transfer, business advice, selling a business, Parramatta, COVID-19, coronavirus, Central West NSW, business news

[This blog has been republished in the wake of COVID-19 developments, as having the liquidity necessary to continue operating effectively is critical in these times.]

As business valuers and brokers, and in advising clients on business performance and financing, there is a critical thing we look for: liquidity.

Liquidity is effectively how much cash a business generates and how stable and frequent that generation is. That ability to generate cash is a critical component of business value.

Topics: Advice, Cash flow, Working capital, Running your business, cheat sheet, Business advisor, James Price, JPAbusiness, Parramatta, Orange NSW, COVID-19, coronavirus, liquidity

The novel coronavirus has brought many changes to the way we work, but are these changes just a temporary blip, or here to stay? And if they are here to stay, what will our workplaces of the future look like?

Here are some of my predictions for what work will look like in the post-COVID-19 world:

• Video will be the go-to mode of first communication.
  
  
• Travel budgets will be dramatically reduced – physical travel and face-to-face meetings will be reserved for essentials (i.e. key client meetings, business development).

Topics: staff performance, running a business, small business, business basics, Parramatta, staff wellbeing, managing employees, COVID-19, business strategy, coronavirus, scenario planning

This week we're sharing Part II of our video series on how to communicate with your bank, financier or investors, and what pieces of information to share, if you’re looking to secure funding in the current environment.

The goal is to ensure your financier has a clear understanding of how your business is tracking, so they can feel confident in supporting you.

Last week we focused on profit and loss information. This week's video details the critical elements of working capital you need to share with your financier.

Topics: Business advisor, James Price, JPAbusiness, Parramatta, business finance, financials, cash flow management, COVID-19, business strategy, coronavirus, scenario planning, liquidity

In this video I’ve discussed how the COVID-19 situation is impacting different elements of business and the Australian economy.

I’ve used the video to share my analysis, as well as some of our clients’ feedback, on the following questions and issues:

• Will people want to buy and sell businesses in this market? If ‘yes’, how will those deals be financed?
• Taking the leap into online – finding the ‘upside’ of social distancing
• Virus driving ‘Uber-style’ disruption in commercial property market – what’s the outlook post-crisis?
• Clients taking advantage of potential positive environment for succession
• What tough decisions should we be making in our businesses at this time?

Topics: Business Planning, business advice, James Price, JPAbusiness, Parramatta, cash flow management, COVID-19, business strategy, coronavirus, scenario planning

Over the past few weeks we’ve published a number of COVID-19 related blogs to assist our readers in navigating the new and emerging business landscape.

Like most people, we didn’t see the new coronavirus coming, so the blogs and resources we’ve shared have been a result of pretty ‘on the fly’ thinking about how we could best support you.

This week we’ve consolidated those resources into a presentation format to show you how they tie in together and can be used in your business.

Topics: Business Planning, infographic, business advice, Business advisor, JPAbusiness, Parramatta, cash flow management, COVID-19, business strategy, coronavirus, scenario planning

Motivation in business is about having a certain drive, determination, focus and consistency in the way you go about your business. You also need to feel successful – I don't know anyone who finds repeated failure motivating!

The following infographic features 6 tips to help business owners and managers maximise their motivation.

Topics: infographic, business advice, Business advisor, staff recruitment, motivation, Parramatta, COVID-19, business strategy, coronavirus, Central West NSW

This blog has been republished in the wake of COVID-19 developments.

Regardless of the impacts of COVID-19, this time of year is usually not a bad period to look to the financial year ahead and review the health of your business, in particular what areas you need to focus on and improve to drive most value.

Topics: Template, business advice, Business advisor, Business health check, small business, Parramatta, COVID-19, business strategy, coronavirus, Central West NSW

As business owners and managers trying to operate in these extraordinary and uncharted times, my advice is to hope for the best and plan for the worst.

Because we don’t know when things will turn around and there’s so much uncertainty, it’s easy to say it’s all too hard to do meaningful business planning. I beg to disagree!

Now is just the time to do some straight-forward scenario planning, along with risk assessments and identifying critical strategic and operational priorities.

In this blog we’re sharing a series of questions and suggested actions to help guide you through that process.

Topics: Business Planning, business advice, Business advisor, James Price, JPAbusiness, Parramatta, cash flow management, COVID-19, business strategy, coronavirus, scenario planning

As a business owner or manager, there are a number of 'levers' you need to control to successfully manage working capital and drive a successful, cash-generating business.

As our Working Capital Checklist shows, those levers fall into two buckets: current assets and current liabilities.

You can use the free checklist to assist you in achieving a firm control of your working capital levers and cash position, so your business proposition is not hampered by poor cash flow.

Topics: Business Value, Selling your business, Cash flow, Working capital, Exiting your business, Template, Checklist, business management, COVID-19, business strategy, coronavirus