Do I need a business advisor? [Client case studies]

Posted by James Price | JPAbusiness on 17-Jul-2019 02:00:00

Whether or not you choose to engage the services of a business advisor is really up to you and your preferred mode of operating your business.

Obviously I believe there is value in seeking independent business advice; I think we’re all better decision makers if we’re able to test our propositions with someone who isn’t directly related to the issue at hand, but has relevant expertise.

In the blog I’m using examples from our own clients to show how independent advice is adding value in their businesses.

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Topics: staff management, business advice, Business advisor, risk management, strategic planning, business basics, Parramatta, Orange NSW, client case studies

Staff flexibility versus business stability – how to achieve both

Posted by James Price | JPAbusiness on 05-Jun-2019 02:00:00

Today’s employees operate in an increasingly complex environment in which technological change and connectedness have brought family and personal priorities into the workplace, and work into the home environment.

Advances in mobile devices provide access to data, emails, texts, reports, notifications, payments and receipts in the field, and at home. No matter the location, information is instantaneous.

Unfortunately, these technological advances have created an expectation that people will be available 24/7, creating a work and life imbalance.

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Topics: outsourcing, staff management, business advice, Parramatta, Orange NSW, staff wellbeing, managing employees

4 tips to turn around poor staff performance [cheat sheet]

Posted by James Price | JPAbusiness on 29-May-2019 02:00:00

If you choose to condone poor performance by a staff member, you’re sending a pretty negative message to other team members about your expectations for your business i.e. those expectations are pretty low!

And if you don’t deal with that individual with respect and in a professional and fair way, you’re also sending a negative message about your business culture and ‘how things are done here'.

The following cheat sheet sets out 4 strategies for turning around poor performance while taking into account the two points above, i.e:

  • performance issues must be dealt with, and
  • they must be dealt with in a respectful way.
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Topics: cheat sheet, staff management, business advice, staff performance, performance review, Parramatta, Orange NSW

How to keep key staff when buying a business

Posted by James Price | JPAbusiness on 29-May-2019 02:00:00

In our experience, the risks associated with business purchases fall into three categories:

  1. People
  2. Customers, suppliers and market dynamics
  3. The value exchange.

In this blog we're examining how to manage the 'people risks' of a purchase.

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Topics: Buying a business, staff management, business advice, Business advisor, business management, Parramatta, Orange NSW

When should I tell my staff I'm selling my business?

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

In assisting clients to prepare for a business sale process, we often get the question: When should I tell my staff I’m going to sell?

It’s an important issue because staff can significantly impact your business’ value, while selling can impact their lives.

The reality is there is no simple answer because every business is different.

A complex situation

Our guiding principle is that open and transparent communication with your staff is always a positive thing.

However, this is complicated by the fact selling a business is a sensitive issue and disclosing the fact it’s for sale can be detrimental to a business’ operations.

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Topics: staff management, business advice, selling a business, business basics, Parramatta, Orange NSW

How to develop a great team [infographic]

Posted by James Price | JPAbusiness on 03-Apr-2019 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, Staff, Starting a business, staff management, business advice, Parramatta, Orange NSW

How do I involve staff in an ownership position in my company?

Posted by James Price | JPAbusiness on 13-Mar-2019 02:00:00

There are a number of mechanisms to provide senior and key staff with a level of interest in your business over and above an employee status.

It’s often referred to as giving employees ‘skin in the game’ and it’s about aligning your objectives as a business owner and operator with your key people, so together you can achieve great things within the business.

There are a number of ways to align objectives between the parties, through both ownership and/or incentive arrangements without formal ownership:

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Topics: staff management, business advice, staff share plans, business basics, Parramatta, Orange NSW

7 tips for managing outsourcing partners and virtual teams (cheat sheet)

Posted by James Price | JPAbusiness on 06-Feb-2019 02:00:00

At JPAbusiness, we use our virtual team for roles such as marketing, legal and IT.

Of course, 'virtual teams’, ‘virtual resourcing’ and ‘contingent workforce’ are simply other ways of saying outsourcingThey’re modern terms, but their development is based on a very old business adage: do what you do well and rely on others for the rest.

Small to medium-sized enterprises (SMEs) are increasingly outsourcing to drive efficiencies, but managing virtual teams also presents some challenges. In the following cheat sheet we've provided 7 tips for managing outsourcing partnerships and virtual teams. 

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Topics: cheat sheet, outsourcing, virtual team, staff management, project management, business advice

Hiring staff – 3 things to do before you interview [infographic]

Posted by James Price | JPAbusiness on 30-Jan-2019 02:00:00

When hiring new staff there are a number of issues that need to be dealt with by a business owner or senior manager before a recruitment interview process begins. It’s much harder to retrofit this important information into a recruitment process after the fact.

We've created the following infographic to help with that pre-interview planning process. It sets out: 

  • the 3 tasks to undertake before you begin the interview process;
  • examples of what you might consider when carrying out each of those planning tasks.
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Topics: infographic, staff management, business advice, Business advisor, staff recruitment, hiring staff

'You can do better': the power of feedback when managing a team

Posted by James Price | JPAbusiness on 30-Jan-2019 02:00:00

This blog comes from our eBook Surfer dudes, janitors and the Ritz-Carlton: Lessons in leadership and business culture.

Management consultant Kevin Catlin from Insight Strategies, Inc. generously shared three of his past blogs in the eBook, along with some updated comments at the end of each one.

We hope you enjoy the insights of this inspirational communicator and leadership expert.

 

By Kevin Catlin
Insight Strategies, Inc.

I joined the army in July of 1976 but had to wait four months to turn 18 before I could be shipped off to basic. I was not a great soldier...

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Topics: staff management, Business culture, staff performance, leadership, guest blogger, feedback

 
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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