Why I went to California, and why you should too*

Posted by James Price | JPAbusiness on 05-Dec-2018 02:00:00

*You don’t actually have to go to California, but I do recommend taking advantage of professional development opportunities whenever possible. 

A senior member of the team and I travelled to California recently to attend the Advanced Business Valuation and International Appraisers Conference. The conference was hosted by the American Society of Appraisers, an international organisation representing all appraisal disciplines, including business valuation.

It was a jam-packed three days of hearing from expert industry practitioners and thought-leaders on diverse topics, including:

Continue reading...

Topics: Business advisor, business advice, professional development, Training and Professional Development, staff management, business development

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.

Continue reading...

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

How can I build a positive business culture?

Posted by James Price | JPAbusiness on 31-Oct-2018 02:00:00

 

By Kevin Catlin
Insight Strategies, Inc.

 

Q. What is the key ingredient in a successful business culture?

KEVIN CATLIN: Some will disagree with me, but I believe culture starts at the top.

You cannot, in my opinion, create a great company culture if the owners and the senior managers are not living it themselves.

 

Continue reading...

Topics: Business culture, Kevin Catlin, guest blogger, staff management, business management

How to prevent employee fraud [checklist]

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

A recently released international study has found small businesses lose almost twice as much to occupational fraud – per case – as large businesses (over 100 employees).

Every two years the Association of Certified Fraud Examiners (ACFE) produces its Report to the Nations: Global study on occupational fraud and abuse.

The following insights about the impact of employee fraud on small business come from the 2018 report:

Continue reading...

Topics: fraud prevention, Employee fraud, Checklist, infographic, staff management

Confidence softens in second JPAbusiness survey: results

Posted by James Price | JPAbusiness on 05-Sep-2018 02:00:00

Almost 54% of respondents to our July survey indicated they were ‘confident’ about trading conditions heading into the 2018/19 financial year, while 47% indicated current trading conditions were ‘positive’.

The results indicate a softening in business confidence among respondents since our first survey in December 2017, when the results were 60% and 59%, respectively, for those two questions.

The results also appear to be in line with the NAB business confidence index, which dropped from a high of 12 in January to an 18-month low of 6 in June, before edging up to 7 in July.

Continue reading...

Topics: business advice, business confidence survey, Business advisor, staff management, Banks and lending, Business Planning

7 tips for successful hiring [cheat sheet]

Posted by James Price | JPAbusiness on 05-Sep-2018 02:00:00

Great staff are critical to our success as business owners and managers but, as our recent survey found, finding and keeping the right people is an ongoing challenge for many businesses.

One-third of our survey respondents indicated the biggest challenge impacting their business in the past six months had been 'finding and retaining good employees'.

Unfortunately we can't conjure appropriately trained staff out of the air for our clients and subscribers, but we can provide advice to make the recruitment process as successful as possible.

The following cheat sheet contains our 7 'golden rules' for successful hiring.

Continue reading...

Topics: Employment and recruitment, Advice, cheat sheet, Business advisor, hiring staff, staff management

How to build a reliable team [infographic]

Posted by James Price | JPAbusiness on 23-May-2018 02:00:00

Building a great team – and keeping them – is one of the biggest challenges a business owner will face.

Staff are not robots and everyone has their own motivations for the job they do, so there is no one-size-fits-all solution to this issue.

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

Continue reading...

Topics: Staff, Employment and recruitment, Starting a business, business advice, staff management

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

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

In our eBook Managing Staff for High Performance we explained how to manage staff on a daily basis using our Dynamic Performance Checklist.

If this process is working well there should be minimal requirement for corrective action.

However, we're all humans and we're all fallible, so there is always room for improvement, as well as issues that can lead to performance below expectations.

The following cheat sheet contains some of our strategies for turning around poor staff performance.

Continue reading...

Topics: business advice, staff management, cheat sheet, staff performance, performance review

Cheat sheet – How to develop a high-performing team

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

The JPAbusiness Staff Management Cheat Sheet is designed to assist you, as an owner or senior manager, to get the most from staff by helping you to manage positively and proactively.

The cheat sheet contains 6 staff management themes which you need to keep in mind – and act on – as you go about your day-to-day activities.

Continue reading...

Topics: cheat sheet, Advice, Running your business, Employment and recruitment, business advice, staff management

[Video] How family business culture impacts value

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

Family businesses have a reputation for having strong, efficient business cultures.

(And, as we all know, strong, sustainable business cultures contribute to strong, sustainable financial performance and, hence, business value.)

While this reputation is well-deserved and generally true, the family business structure can also lend itself to developing a 'toxic' business culture.

As James explains in this video, there can be a two 'classes' of individuals in a family business. 

 

Continue reading...

Topics: Business selling, Business advisor, selling a business, business advice, staff management, Family business, Business Value, Business culture

 
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. 
 
 

 

JPAbusiness

Topic

more

Recent Posts