How to develop and maintain a strong brand [cheat sheet]

Posted by James Price | JPAbusiness on 25-Sep-2019 02:00:00

A few years back we were delighted to partner with the team from Royce Communications to create one of our most popular eBooks: Brand and Corporate Identity for Small to Mid-Sized Businesses.

The eBook covers:

  • What is a brand and why do businesses need one?
  • How to create a brand identity
  • Managing your brand identity in a digital world
  • How brand identity impacts business value.

In this cheat sheet we have distilled some valuable tips for establishing and maintaining a successful brand identity.

Continue reading...

Topics: Advice, Brand and marketing, Running your business, cheat sheet, business advice, Business advisor, James Price, brand identity, 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.

Continue reading...

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

How to influence your bank's lending appetite [cheat sheet]

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

A bank, financier or equity investor focuses on three S’s when considering their appetite for your business. They are:

  • Servicing
  • Security
  • Surety
None of these factors are completely controllable, but they are strongly influenced by your actions as a business owner.

Our cheat sheet can help you understand and manage these factors, to help create a strong and positive relationship with your bank or financier.

Continue reading...

Topics: Advice, Banks and lending, Running your business, cheat sheet, Banking, Parramatta, Orange NSW, business finance

14 tips for controlling cash flow [cheat sheet]

Posted by James Price | JPAbusiness on 09-Jan-2019 02:00:00

Cash flow is a critical part of the operation of a business.

If your business were a human body then cash flow would be the system of veins and arteries and the blood that runs through them: it's essential for keeping the body/business alive, active and functioning.

This cheat sheet contains 14 of our top tips for managing your cash flow. 

Continue reading...

Topics: Advice, Cash flow, Working capital, Running your business, cheat sheet

How to create an annual business plan

Posted by James Price | JPAbusiness on 09-Jan-2019 02:00:00

You can’t plan for every eventuality, but you can plan to withstand shocks. Having a business plan and following our 3-Step Annual Business Plan Process will help you make your business as robust as possible, should such a shock occur.

Planning is about influencing the things you can influence, while taking account of the things you can’t. The latter are risks or opportunities that may or may never eventuate.

By changing the things you can change, you can position yourself to take advantage of opportunities should they arise, or mitigate risks that might flow.

Continue reading...

Topics: Advice, Business Planning, Running your business, Template, Business advisor, annual business plan

How to drive success with employee share ownership

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

Share ownership is often considered by private mid-cap and small business firms as a way to have a more meaningful relationship with key members of the team. 

Basically, employee shareholding arrangements involve applying mechanisms to enable key personnel to share in the earnings, performance and direction of your business.

Providing employees with an opportunity to share in your business is seen as a way to motivate their performance and engagement; to help them see their work as more than just a job – it’s an interesting idea.

Continue reading...

Topics: Employment and recruitment, Advice, Staff, Running your business, Business advisor, staff share plans

How to create a business plan in 3 steps

Posted by James Price | JPAbusiness on 14-Nov-2018 02:00:00

Business plans don't need to be weighty documents, but they do need to be:

  • referenced regularly,
  • shared with others, and 
  • pressure tested.

The following graphic illustrates the 3 fundamental components of an annual business planning process:

Continue reading...

Topics: Advice, Business Planning, Running your business, infographic, Starting a business

How to develop a successful brand [cheat sheet]

Posted by James Price | JPAbusiness on 29-Aug-2018 02:00:00

A few years ago we were delighted to partner with Richard Amos and Mike Wilkinson from Royce Communications to create one of our most popular eBooks: Brand and Corporate Identity for Small to Mid-Sized Businesses.

Royce Communications works with some of Australia’s largest brands across corporate, consumer, government and not-for-profit sectors.

In this cheat sheet we have distilled some of Richard and Mike’s valuable tips for establishing and maintaining a successful brand identity.

Continue reading...

Topics: Advice, Brand and marketing, Running your business, cheat sheet, business advice, Business advisor, brand identity

How to make your business attractive to lenders [cheat sheet]

Posted by James Price | JPAbusiness on 25-Jul-2018 02:00:00

A bank, financier or equity investor focuses on three S’s when considering their appetite for your business. They are:

  • Servicing
  • Security
  • Surety.
None of these factors are completely controllable, but they are strongly influenced by your actions as a business owner.

Our cheat sheet can help you understand and manage these factors, to help create a strong and positive relationship with your bank or financier.

Continue reading...

Topics: Advice, Banks and lending, Running your business, cheat sheet, Banking

5 tips for partnering with your banker [infographic]

Posted by James Price | JPAbusiness on 04-Jul-2018 02:00:00

A banker is not just a simple supplier to your business – they are a partner in your business.

In order to advance funds to your business, the bank must first assess a range of risks associated with your business. Based on that assessment, they then take a risk in advancing you dollars.

Yes, they take security for that risk, which usually ranks before your equity in the business, but ultimately their success in lending money is inextricably linked to your success as a business.

So treating them as anything other than a business partner is not doing the opportunity justice.

The following infographic sums up what you can do to give that partnership every chance of success.

Continue reading...

Topics: Advice, Partners, Running your business, Banking, Business advisor, business management

 
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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