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. 

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

5 tools to help business sellers 'seal the deal' [cheat sheet]

Posted by James Price | JPAbusiness on 28-Apr-2021 02:00:00

Getting a business sale transaction 'over the line' is not about tips and tricks.

Instead it's about efficiently managing the information flow through the detailed due diligence process to ensure:

  • all parties are well informed,
  • the negotiating process progresses smoothly, and
  • everyone can feel comfortable with the end result.

A good advisor or broker will successfully manage that interface for you.

The cheat sheet below introduces some of the tools the JPAbusiness team uses to manage information flows during the detailed due diligence process and, ultimately, seal the deal.

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Topics: Selling your business, Due diligence, cheat sheet, business advice, selling a business, Business advisor, business broker, James Price, Parramatta, Central West NSW, business sale, business sale transaction advisor, business seller

Due diligence warning signs [video]

Posted by James Price | JPAbusiness on 14-Apr-2021 02:00:00

When it comes to buying a business, it’s generally advisable to conduct a thorough due diligence on the purchase opportunity.

Due diligence is designed to identify any material issues which are likely to impact the value proposition of the business opportunity you are considering. It's usually conducted once you've secured a binding position on price a position which may be subject to your detailed due diligence.

Every due diligence is different, and should be treated as such, but – as I outline in this video – there are some warning signs you should watch out for in any due diligence process.

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Topics: Buying a business, Advice, Due diligence, Template, Video, Business advisor, business broker, James Price, small business, JPAbusiness, Parramatta, Central West NSW, business buyer, business transaction advisor, due diligence checklist

How to build a great team [infographic]

Posted by James Price | JPAbusiness on 07-Apr-2021 02:00:00

Developing a reliable team – and keeping them – is one of the biggest challenges in business.

Everyone has their own motivations for the job they do, so there is no one-size-fits-all solution.

However over the years of helping business owners build and retain effective teams, we've identified several key actions that can help drive success in this area.

We've summarised them in the following infographic:

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Topics: Employment and recruitment, Business Planning, Staff, Starting a business, Succession planning, staff management, business advice, James Price, professional development, JPAbusiness, Parramatta, staff training, Central West NSW

Don't let over-reliance on key personnel erode business value [video]

Posted by James Price | JPAbusiness on 31-Mar-2021 02:00:00

Many businesses, particularly small to mid-sized businesses, rely heavily on one or two key individuals for the business to operate.

These individuals are often the business owners and they may be reluctant to delegate control and decision making for a variety of reasons.

Whatever those reasons, the result is centralised decision making, knowledge and experience, which are not easily transferable in a business sale.

Ultimately, of course, that impacts business value – and not in a good way!

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Topics: Business Planning, Valuations, Template, Video, Succession planning, Business valuation, Business advisor, JPAbusiness, Parramatta, succession, business succession, scorecard, business value drivers

How to use the Buying a Franchise Planning Sheet to assess opportunities

Posted by James Price | JPAbusiness on 24-Mar-2021 02:00:00

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.

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Topics: Buying a business, Free download, Template, Franchises, Business advisor, business broker, buying a franchise, James Price, JPAbusiness, Parramatta, Central West NSW, business sale, business sale transaction advisor, franchising

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.

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

5 questions for business sellers to help maximise value on exit

Posted by James Price | JPAbusiness on 03-Mar-2021 02:00:00

Q.1 Do I really want to sell my business and, if so, why?

  • Do you want to sell because you’ve had the business for five years and the results have been poor?
  • Do you want to sell because you’re over-exposed to borrowings, your cash flow is tight and you can’t see a way to get ahead?
  • Do you want to sell because it’s time to retire or move on to the next stage of your career?

Your reasons for selling will help you create a negotiation framework to determine what an acceptable offer might be, so it is critical you be honest with yourself when answering this question.

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

5 tips for business buyers [video]

Posted by James Price | JPAbusiness on 24-Feb-2021 02:00:00

The following video features 5 tips that will help you take a planned and measured approach to what may well be one of the biggest financial investments of your life.

They're each important in their own way, but I must admit Tip 2 – 'Have passion for the opportunity' – is a key one for me.

Owning a business can be difficult at times, but it's easier to withstand those challenges if you have a 'fire in your belly' for what you do.

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Topics: Buying a business, Business Planning, Video, business advice, Business valuation, Business advisor, James Price, valuing a business, Parramatta, Central West NSW, business sale transaction advisor, business value drivers

 
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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