10 pieces of info to share when selling a business

Posted by James Price | JPAbusiness on 02-Jun-2021 02:00:00

When selling a business, you need to provide solid, robust and transparent information to support the performance of the business if you want to attract a confident purchaser who is willing to bid up strongly.

The more clearly you can describe your value proposition and present supporting information in the business sale process, the more chance you have of driving business value. Remember, for a business person, information can reduce risk and, therefore, increase confidence.

The following infographic is a simple guide to 10 key pieces of information you need to share when selling your business. 

Continue reading...

Topics: Selling your business, infographic, business advice, selling a business, Business advisor, business broker, James Price, JPAbusiness, Parramatta, Central West NSW

7 golden rules for successful hiring

Posted by James Price | JPAbusiness on 26-May-2021 02:00:00

Great staff are critical to our success as business owners and managers, but finding and keeping the right people is an ongoing challenge for many businesses.

Unfortunately we can't conjure appropriately trained staff out of the air for our clients and subscribers, but we can provide advice to make the recruitment process as successful as possible.

In this video I outline our 7 'golden rules' for successful hiring.

Continue reading...

Topics: Employment and recruitment, Advice, infographic, cheat sheet, Template, Video, staff management, Business advisor, staff recruitment, hiring staff, James Price, hiring, JPAbusiness, Parramatta, Central West NSW

5 top issues when planning a joint venture [infographic]

Posted by James Price | JPAbusiness on 05-May-2021 02:00:00

The JPAbusiness team has been involved in setting up and facilitating a number of successful joint ventures over the years, and we have also been called upon to sort out arrangements where things have gone wrong or haven’t been set up with adequate planning and foresight. Preparation is key!

If you are considering entering into a joint venture, we have created the following infographic to help you.

The infographic lists five issues to be aware of and which should be raised with all parties early in the planning and negotiation stages. 

Continue reading...

Topics: Shareholders, infographic, business advice, Business advisor, business partners, shareholders agreement, business broker, joint venture, JPAbusiness, Parramatta, Central West NSW, entrepreneur

How to create your brand plan [infographic]

Posted by James Price | JPAbusiness on 17-Mar-2021 02:00:00

When people think about the term ‘brand’ they often think only of a brand’s visual manifestation, i.e. the logo and livery. But a brand is much more than that.

A brand is the sum of all you say and do in relation to your products and services, plus consumers’ personal experiences with these. It is the relationship, or connection, between an organisation and its customers.

Continue reading...

Topics: Brand and marketing, infographic, business advice, Business advisor, business management, James Price, JPAbusiness, brand strategy, Parramatta, Central West NSW, branding, brand plan

Top 10 do’s and don’ts of selling a business [infographic]

Posted by James Price | JPAbusiness on 16-Dec-2020 02:00:00

Planning, professional marketing, timing and finding the right match regarding value and terms are just some of the ingredients that go to making a successful business sale.

The following infographic is a distillation of lessons we've learned over many years as business sale transaction advisors.

Use these tips to help you make the right decisions when preparing your business for sale.

Continue reading...

Topics: Selling your business, Advice, Business Planning, infographic, selling a business, Business advisor, James Price, JPAbusiness, Parramatta, Central West NSW, business sale, business sale transaction advisor

3 questions to ask when valuing a business [infographic]

Posted by James Price | JPAbusiness on 09-Dec-2020 02:00:00

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:

  • repeatability of current earnings
  • availability of information on the business’ performance and business model
  • point of difference and competitive advantage.

We've created the following infographic to help you get started on assessing the value of a potential purchase opportunity.

Continue reading...

Topics: Business Value, Advice, BME, infographic, business advice, Business valuation, Business advisor, Business maintainable earnings, James Price, JPAbusiness, Parramatta, COVID-19, coronavirus, Central West NSW, business transaction advisor

Tips for managing outsourcing partners and virtual teams (cheat sheet)

Posted by James Price | JPAbusiness on 11-Nov-2020 02:00:00

This blog has been republished in the wake of the COVID-19 pandemic, which has forced many businesses to adopt a 'virtual team' approach to their workforce.

At JPAbusiness, we use our virtual team for roles such as marketing, legal and IT.

Of course, 'virtual teams’, ‘virtual resourcing’ and ‘contingent workforce’ are simply other ways of saying outsourcing. They’re modern terms, but their development is based on a very old business adage: do what you do well and rely on others for the rest.

Small to medium-sized enterprises (SMEs) are increasingly outsourcing to drive efficiencies, but managing virtual teams also presents some challenges. In the following cheat sheet we've provided 7 tips for managing outsourcing partnerships and virtual teams. 

Continue reading...

Topics: infographic, cheat sheet, outsourcing, virtual team, staff management, project management, business advice, Business advisor, James Price, JPAbusiness, Parramatta, Central West NSW

8 due diligence tips for business buyers [infographic]

Posted by James Price | JPAbusiness on 30-Sep-2020 02:00:00

Due diligence is ‘the process of acquiring objective and reliable information on a … company as required, especially before a commercial acquisition’ [Macquarie Dictionary].

The over-riding purpose of due diligence is to ensure there are no nasty surprises after you buy a business.

We’ve created the following infographic to share some of our top tips for people embarking on the due diligence process.

Continue reading...

Topics: Buying a business, Due diligence, infographic, business advice, Business advisor, James Price, JPAbusiness, Parramatta, Central West NSW, business buyer, business transaction advisor

3 tasks before you interview [video]

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

When hiring new staff there are a number of issues that need to be dealt with by a business owner or senior manager before a recruitment interview process begins. It’s much harder to retrofit this important information into a recruitment process after the fact.

In the following video I list 3 key tasks you should undertake before you begin the interview process.

Continue reading...

Topics: infographic, Video, staff management, business advice, Business advisor, staff recruitment, hiring staff, James Price, JPAbusiness, Parramatta, Central West NSW

How long will it take to buy a business? [Video]

Posted by James Price | JPAbusiness on 16-Sep-2020 02:00:00

We have helped some clients find the right business within six months while, for other clients, it has taken over three years.

The key phrase is ‘the right business’; I’m sure we could speed up the process if our aim was just to help our clients buy ‘a’ business, but that’s not our job.

In this video I explain why it's important not to rush into buying a business, and share four tips for managing risk during the business buying process.

Continue reading...

Topics: Buying a business, infographic, Video, business advice, Business valuation, Business advisor, business broker, vendor due diligence, business buying funnel, JPAbusiness, Parramatta, Central West NSW, business buyer, business transaction advisor

 
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. 
 
 

 

JPAbusiness

Topic

more

Recent Posts