Business valuation is not an exact science and nor is it a simple science. However there are some factors that should always be considered when assessing a business’ value.
They are:
We've created the following infographic to help you get started on assessing the value of a potential purchase opportunity.
Topics: Business Value, Free download, Advice, Valuations, infographic, Business valuation, Parramatta, Orange NSW
Value can be destroyed overnight if a business sale transfer goes wrong.
A few years back we published an eBook and checklist designed to help people manage this transfer process, after an experience I had while conducting due diligence for a client.
My client was in the process of purchasing a building products business in Queensland, which sold to both the trade market and retail customers.
Contracts had been exchanged and a deposit paid by my client, but the sale was subject to the outcome of my due diligence.
Topics: Buying a business, Free download, Business transfer, Checklist, business advice, selling a business, JPAbusiness, Parramatta, Orange NSW
The top of the funnel is wide and has a screen which sifts out businesses which don’t meet your requirements.
These requirements may relate to:
Once the various sale opportunities have been ‘sifted’ you are left with the select few businesses which meet your requirements.
Topics: Buying a business, Free download, infographic, business advice, Business advisor, James Price, business buying funnel, Parramatta, Orange NSW
If you're thinking about buying or starting a business – moving from the employed workforce to self-employment – take a look at our free Business Owner's Checklist.
The checklist features 10 common attributes our team tends to find in people who successfully build and run businesses.
Among these attributes are:
Topics: Buying a business, Free download, Template, business advice, Business advisor, James Price
The top of the funnel is wide and has a screen which sifts out businesses which don’t meet your requirements.
Topics: Buying a business, Free download, infographic, business advice, Business advisor, James Price, business buying funnel
In order to determine a business’s value we assess business health factors, which may include:
In the past five years, a critical new health factor has been added to that list: ‘Online presence and quality of online interaction’.
The following infographic illustrates some of the factors we take into account when assessing a business' online position.
Topics: Business Value, Online, Free download, Running your business, infographic, Business valuation
A good business purchase is about planning and ensuring you have plenty of information to base decisions on, rather than rushing in and letting emotions take over.
Use our Buying a Business Planning Sheet to help you ‘make a match’ between your requirements and risk profile, and the business you are assessing.
Topics: Buying a business, Free download, Advice, Template
Buying a franchise may, on the surface, seem like any other business purchase.
However, a franchise is a special type of business in which the brand and business operational model has been systematised.
A franchise may have additional, more complex requirements for a buyer to consider and meet, but they also tend to come with more ongoing support than regular businesses.
We have created the JPAbusiness Buying a Franchise Planning Sheet to help business buyers assess potential franchise opportunities.
Topics: Buying a business, Free download, Template, Franchises
Outsourcing is hardly a new phenomenon in business, but globalisation and technological advances have made it a much more common one.
Many small to medium-sized enterprises – including my own – have a ‘virtual team’ of service providers who work in concert with the regular team of in-office staff members.
We have created the following cheat sheet based on our experience and that of our clients who also have valuable outsourcing partnerships.
Topics: Free download, Advice, Staff, Running your business, cheat sheet, outsourcing, business advice
A good business purchase is about planning and ensuring you have plenty of information to base decisions on, rather than rushing in and letting emotions take over.
Use our Buying a Business Planning Sheet to help you ‘make a match’ between your requirements and risk profile, and the business you are assessing.
Topics: Buying a business, Free download, Advice, Template
