6 tips to motivate yourself in business [infographic]

Posted by James Price | JPAbusiness on 24-Jul-2019 02:00:00

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.

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Topics: infographic, business advice, staff recruitment, motivation, Parramatta, Orange NSW

3 questions to ask when valuing a business [infographic]

Posted by James Price | JPAbusiness on 17-Jul-2019 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.

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Topics: Business Value, Free download, Advice, Valuations, infographic, Business valuation, Parramatta, Orange NSW

Follow our 10-step business buying process [infographic]

Posted by James Price | JPAbusiness on 03-Jul-2019 02:00:00

 

Step 1: Imagine the process of assessing different businesses for sale as a funnel

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:

  • Geography
  • Size and turnover
  • Earnings
  • Price
  • Product or service
  • Customer base, etc.

Once the various sale opportunities have been ‘sifted’ you are left with the select few businesses which meet your requirements. 

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Topics: Buying a business, Free download, infographic, business advice, Business advisor, James Price, business buying funnel, Parramatta, Orange NSW

What does a 'healthy' balance sheet look like? [infographic]

Posted by James Price | JPAbusiness on 12-Jun-2019 02:00:00

Many business owners, in small and large firms, don’t really focus on their balance sheet. They look at their profit and loss and, if they’re making a profit, they think ‘everything’s fine’.

From our experience, the balance sheet of a business is often the key to its success.

This is because a healthy balance sheet is often the key to being able to withstand shocks; it gives financiers the confidence to support your business with additional funds when things are tight.

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Topics: Advice, Banks and lending, Running your business, infographic, Banking, Parramatta, Orange NSW

5 tips for selling a business [infographic]

Posted by James Price | JPAbusiness on 22-May-2019 02:00:00

The infographic below is based on lessons learned during a sale we facilitated for a client.

During the sale process our client showed how listening to market feedback and being responsive and flexible can deliver an acceptable outcome.

As we often say, selling is a dynamic process – it's not a 'set and forget' where you get your valuation, list the business for sale at that price, and away it goes.

In this case, the vendor achieved a satisfactory sale by applying each of the five guidelines outlined in the infographic.

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Topics: infographic, business advice, selling a business, Business advisor, Parramatta, Orange NSW

How to attract valuable customers [infographic]

Posted by James Price | JPAbusiness on 08-May-2019 02:00:00

 

Business value comes in two different ways:

  • during the course of operations, and
  • at the end, when you sell or pass on your business.

Many people run successful and efficient businesses, but don’t take the time to sit back and ask ‘what is actually driving the value in my business?’

Understanding those value drivers and focusing energy on them is the difference between having a business that runs efficiently today, and one that builds value over time.

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Topics: Business Value, Customers and Clients, Customers, infographic, business advice, strategic planning, Parramatta, Orange NSW

3 first steps when selling a business [infographic]

Posted by James Price | JPAbusiness on 01-May-2019 02:00:00

Selling a business should not be like exploring an uncharted continent.

When embarking on a business sale you’re not just taking yourself, but you must also bring along your business partners, staff and advisors for the journey. It’s a massive undertaking and not one to be entered into lightly.

Don’t go exploring on a business sale unless you at least know where you want to end up.

This week's infographic is for those just setting out on the business sale journey, and step 1 is about being honest with yourself regarding why you're on this journey to help you determine where you need to go. 

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Topics: Selling your business, infographic, selling a business, Business valuation, Business advisor, Business selling, business broker, Parramatta, Orange NSW

5 issues to be aware of when planning a joint venture [infographic]

Posted by James Price | JPAbusiness on 24-Apr-2019 02:00:00

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. 

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Topics: Shareholders, infographic, business advice, Business advisor, shareholders agreement, joint venture, Parramatta, Orange NSW

6 reasons to invest in staff training and PD [infographic]

Posted by James Price | JPAbusiness on 27-Mar-2019 02:00:00

First we need to answer the question: what is the difference between 'training' and 'professional development'?

Training is about ensuring your employees have the required skills and expertise to carry out the tasks for which they are responsible.

Professional development is a more long-term concept and is about helping your employees prepare to perform additional duties in future roles.

What are the benefits of having trained people in my organisation?

The infographic below lists 6 benefits of investing in staff training and professional development.

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Topics: Employment and recruitment, Skills and knowledge, Advice, Staff, Training and Professional Development, infographic, Business advisor, Parramatta, Orange NSW

What info should I share when selling? [infographic]

Posted by James Price | JPAbusiness on 27-Feb-2019 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. 

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Topics: Selling your business, infographic, business advice, selling a business, Business 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. 
 
 

 

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