Many businesses – including my own – have a ‘virtual team’ of service providers who work in concert with our regular team of in-office staff members.
We have created the following infographic based on our experience and that of our clients who also have valuable outsourcing partnerships.
Use these tips to help you enjoy the benefits of outsourcing, while avoiding some of the hazards.
Topics: Free download, Advice, Staff, Running your business, infographic, outsourcing, business advice, risk management, Parramatta, Orange NSW
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
