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

Use our Business Health Check to help plan for the future

Posted by James Price | JPAbusiness on 08-Apr-2020 02:00:00

This blog has been republished in the wake of COVID-19 developments.

Regardless of the impacts of COVID-19, this time of year is usually not a bad period to look to the financial year ahead and review the health of your business, in particular what areas you need to focus on and improve to drive most value.

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Topics: Template, business advice, Business advisor, Business health check, small business, Parramatta, COVID-19, business strategy, coronavirus, Central West NSW

How to build value by starting succession planning early [cheat sheet]

Posted by James Price | JPAbusiness on 12-Feb-2020 02:00:00

The following cheat sheet contains 6 succession strategies you can start employing in your business today.

Adopting these strategies will help future-proof your business for when and if you decide to take up an exit opportunity, or relinquish operational involvement in your business.

It’s never too early to start thinking about your succession plan and developing the skills of your team and business capability.

If you future-proof your business in this way, the business should thrive even if you’re not there, and the market should reward you.

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Topics: infographic, cheat sheet, Template, Succession planning, staff management, business advice, business management, business ownership, business valuer, running a business, small business

Uncover issues with our Business Health Check template

Posted by James Price | JPAbusiness on 08-Jan-2020 02:00:00

When we started JPAbusiness about 18 years ago, one of the first diagnostic services we offered business advisory clients was to conduct a Business Health Check.

The aim was to uncover performance-impacting issues in our clients' businesses that weren’t obvious to them and, sometimes, not even remotely on their radar.

And that’s what our Business Health Check template is all about: helping you as a business owner and manager be honest about how your business is performing.

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Topics: Template, business advice, Business advisor, Business health check, small business, Parramatta, Orange NSW

What is succession planning?

Posted by James Price | JPAbusiness on 28-Nov-2018 02:00:00

Many people think of succession planning as an old person’s problem – something you do once you decide to exit your business. This is far from the truth, although it's not surprising the misconception exists. 

In planning this blog I conducted a quick Google search of the question 'what is succession planning?' to test the common perceptions. The first result (from an Australian government website!) provided the following answer: "succession, or exit plan outlines the things you will do when you sell, close or transfer ownership of your business."

I beg to differ. Succession planning should not be something you do when it's time to exit: it is a young person’s pathway to building a valuable business.

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Topics: Succession planning, staff management, business advice, business management, business ownership, running a business, small business

How often should you use the Business Health Check template?

Posted by James Price | JPAbusiness on 07-Nov-2018 02:00:00

The JPAbusiness Business Health Check goes back a long way in our company’s history.

When we started JPAbusiness about 17 years ago, one of the first diagnostic services we offered business advisory clients was to conduct a Business Health Check. The aim was to uncover performance-impacting issues in our clients' businesses that weren’t obvious to them and, sometimes, not even remotely on their radar.

And that’s what our Business Health Check template is all about: helping you as a business owner and manager be honest about how your business is performing.

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Topics: Template, business advice, Business health check, small business

Are your customers adding value? [infographic]

Posted by James Price | JPAbusiness on 24-Oct-2018 02:00:00

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.

Customers are key drivers of business value, but – as we know – not all customers are created equal. The following infographic contains 4 questions designed to assist you in assessing the make-up and value of your customer base.

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Topics: Business Value, Customers and Clients, Customers, infographic, business management, small business

 
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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