My predictions for what work will look like post-coronavirus

Posted by James Price | JPAbusiness on 13-May-2020 02:00:00

The novel coronavirus has brought many changes to the way we work, but are these changes just a temporary blip, or here to stay? And if they are here to stay, what will our workplaces of the future look like?

Here are some of my predictions for what work will look like in the post-COVID-19 world:

  • Video will be the go-to mode of first communication.

  • Travel budgets will be dramatically reduced – physical travel and face-to-face meetings will be reserved for essentials (i.e. key client meetings, business development).
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Topics: staff performance, running a business, small business, business basics, Parramatta, staff wellbeing, managing employees, COVID-19, business strategy, coronavirus, scenario planning

Video: Working capital - what your financier needs to know (Part II)

Posted by James Price | JPAbusiness on 06-May-2020 02:00:00

This week we're sharing Part II of our video series on how to communicate with your bank, financier or investors, and what pieces of information to share, if you’re looking to secure funding in the current environment.

The goal is to ensure your financier has a clear understanding of how your business is tracking, so they can feel confident in supporting you.

Last week we focused on profit and loss information. This week's video details the critical elements of working capital you need to share with your financier.

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Topics: Business advisor, James Price, JPAbusiness, Parramatta, business finance, financials, cash flow management, COVID-19, business strategy, coronavirus, scenario planning, liquidity

Video: How COVID-19 is impacting different elements of business

Posted by James Price | JPAbusiness on 22-Apr-2020 02:00:00

In this video I’ve discussed how the COVID-19 situation is impacting different elements of business and the Australian economy.

I’ve used the video to share my analysis, as well as some of our clients’ feedback, on the following questions and issues:

  • Will people want to buy and sell businesses in this market? If ‘yes’, how will those deals be financed?
  • Taking the leap into online – finding the ‘upside’ of social distancing
  • Virus driving ‘Uber-style’ disruption in commercial property market – what’s the outlook post-crisis?
  • Clients taking advantage of potential positive environment for succession
  • What tough decisions should we be making in our businesses at this time?
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Topics: Business Planning, business advice, James Price, JPAbusiness, Parramatta, cash flow management, COVID-19, business strategy, coronavirus, scenario planning

How to move from COVID-19 crisis mode to long-term business survival [infographic]

Posted by James Price | JPAbusiness on 15-Apr-2020 02:00:00

Over the past few weeks we’ve published a number of COVID-19 related blogs to assist our readers in navigating the new and emerging business landscape.

Like most people, we didn’t see the new coronavirus coming, so the blogs and resources we’ve shared have been a result of pretty ‘on the fly’ thinking about how we could best support you.

This week we’ve consolidated those resources into a presentation format to show you how they tie in together and can be used in your business.

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Topics: Business Planning, infographic, business advice, Business advisor, JPAbusiness, Parramatta, cash flow management, COVID-19, business strategy, coronavirus, scenario planning

Use our scenario planning guide to help your business survive the shutdown

Posted by James Price | JPAbusiness on 01-Apr-2020 02:00:00

As business owners and managers trying to operate in these extraordinary and uncharted times, my advice is to hope for the best and plan for the worst.

Because we don’t know when things will turn around and there’s so much uncertainty, it’s easy to say it’s all too hard to do meaningful business planning. I beg to disagree!

Now is just the time to do some straight-forward scenario planning, along with risk assessments and identifying critical strategic and operational priorities.

In this blog we’re sharing a series of questions and suggested actions to help guide you through that process.

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Topics: Business Planning, business advice, Business advisor, James Price, JPAbusiness, Parramatta, cash flow management, COVID-19, business strategy, coronavirus, scenario planning

 
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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