My 3 business lessons from 2020

Posted by James Price | JPAbusiness on 23-Dec-2020 02:00:00

There are many ways to describe 2020 – most of them not fit for polite company – but today I’m looking on the bright side and seeing it as ‘a learning experience’.

I’ve come up with three lessons, based on our experiences and those of our clients.

First a little back story…

The business impacts of the pandemic first hit home for us on Friday the 13th of March.

We had a multi-million-dollar, multi-state transaction about to complete. The parties had exchanged contracts and were progressing with transition plans.

The stock market had just had a very volatile 24 hours, when the intending purchaser called me and said: “We think there is just too much uncertainty. To protect our business, our shareholders, our employees – we want to pull out.”

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Topics: COVID-19, coronavirus, business sale, flexible workplace, working from home

5 lessons from selling a client's business [infographic]

Posted by James Price | JPAbusiness on 11-Dec-2019 02:00:00

A few years ago we facilitated a business sale for a long-term client in south-west Victoria. The client operated an industrial services and utilities business that had been operating for over 20 years.

Some facts and figures about the business include:

  • about 20 staff
  • a turnover of around $5 million
  • earnings before interest, tax and depreciation in the order of $650,000 per annum.
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Topics: Selling your business, infographic, selling a business, Business culture, business sale, flexible workplace

 
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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