Due diligence warning signs [video]

Posted by James Price | JPAbusiness on 14-Apr-2021 02:00:00

When it comes to buying a business, it’s generally advisable to conduct a thorough due diligence on the purchase opportunity.

Due diligence is designed to identify any material issues which are likely to impact the value proposition of the business opportunity you are considering. It's usually conducted once you've secured a binding position on price a position which may be subject to your detailed due diligence.

Every due diligence is different, and should be treated as such, but – as I outline in this video – there are some warning signs you should watch out for in any due diligence process.

Continue reading...

Topics: Buying a business, Advice, Due diligence, Template, Video, Business advisor, business broker, James Price, small business, JPAbusiness, Parramatta, Central West NSW, business buyer, business transaction advisor, due diligence checklist

Don't let over-reliance on key personnel erode business value [video]

Posted by James Price | JPAbusiness on 31-Mar-2021 02:00:00

Many businesses, particularly small to mid-sized businesses, rely heavily on one or two key individuals for the business to operate.

These individuals are often the business owners and they may be reluctant to delegate control and decision making for a variety of reasons.

Whatever those reasons, the result is centralised decision making, knowledge and experience, which are not easily transferable in a business sale.

Ultimately, of course, that impacts business value – and not in a good way!

Continue reading...

Topics: Business Planning, Valuations, Template, Video, Succession planning, Business valuation, Business advisor, JPAbusiness, Parramatta, succession, business succession, scorecard, business value drivers

How to use the Buying a Franchise Planning Sheet to assess opportunities

Posted by James Price | JPAbusiness on 24-Mar-2021 02:00:00

Buying a franchise may, on the surface, seem like any other business purchase.

However, a franchise is a special type of business in which the brand and business operational model has been systematised.

A franchise may have additional, more complex requirements for a buyer to consider and meet, but they also tend to come with more ongoing support than regular businesses.

We have created the JPAbusiness Buying a Franchise Planning Sheet to help business buyers assess potential franchise opportunities.

Continue reading...

Topics: Buying a business, Free download, Template, Franchises, Business advisor, business broker, buying a franchise, James Price, JPAbusiness, Parramatta, Central West NSW, business sale, business sale transaction advisor, franchising

How to use succession planning to boost business value [template]

Posted by James Price | JPAbusiness on 10-Feb-2021 02:00:00

Succession planning is the process of identifying and developing internal staff who have the potential to fill key business leadership positions should existing leaders – including yourself – leave the business.

It’s about creating a back-up system for your people resource and it should start the minute you take on a business’ ownership, whether you buy it or start it from scratch.

Continue reading...

Topics: Business Value, Business Planning, Template, Succession planning, business advice, Business advisor, James Price, JPAbusiness, Parramatta, Central West NSW, business succession, scorecard

How to use the Business Health Check [video]

Posted by James Price | JPAbusiness on 28-Oct-2020 02:00:00

The JPAbusiness Business Health Check template asks you to rate your business’ performance against 15 health factors, with an explanation of key considerations for each. It also provides some suggestions for how you may improve the health of your business, based on your score.

JPAbusiness has been conducting Business Health Checks for clients for over 18 years. In this video James explains how the Business Health Check serves as a diagnostic tool for uncovering a business' weaknesses, while also identifying its strengths.

Continue reading...

Topics: Business Planning, Template, Video, business advice, Business advisor, Business health check, James Price, JPAbusiness, Parramatta, Central West NSW, diagnostic tool

How to create a shareholders’ agreement [template]

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

If you’re a business owner considering taking on an investing party or shareholder, some form of written shareholders’ or partners’ agreement is vital.

Use the agreement to make clear all parties’ investment and partnership intentions and responsibilities from the outset.

Remember, this is your business, so you can cover whatever you think important, from business relationships, ethics and cultural issues, to insurances, taxation and debt obligations; it’s your blank canvas.

Continue reading...

Topics: Advice, Partners, Business Structures, Shareholders, Template, Checklist, business advice, Business advisor, shareholders agreement, Parramatta, COVID-19, coronavirus, Central West NSW

Staff training and PD plans – why you need to think about them now [templates]

Posted by James Price | JPAbusiness on 29-Jul-2020 02:00:00

As we head into an uncertain FY20/21 business owners and managers may be tempted to think now is not the time to prioritise staff professional development needs. I believe the opposite is true.

One of the key elements of your business proposition – large or small – is your team, and they’re going through the same anxiety you are. The COVID-19 crisis is impacting their professional lives, personal lives, physical and mental wellbeing, just as it is yours.

Even though you may be struggling simply to pay wages, the last thing you want is to lose good people, whether you lose them physically, or in the sense that they become disengaged as a result of their anxiety about the current environment.

Continue reading...

Topics: Template, business advice, business management, staff performance, running a business, professional development, Parramatta, staff wellbeing, managing employees, staff training, COVID-19, coronavirus, Central West NSW

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.

Continue reading...

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

Free up cash with our Working Capital Checklist [free template]

Posted by James Price | JPAbusiness on 25-Mar-2020 02:00:00

As a business owner or manager, there are a number of 'levers' you need to control to successfully manage working capital and drive a successful, cash-generating business.

As our Working Capital Checklist shows, those levers fall into two buckets: current assets and current liabilities.

You can use the free checklist to assist you in achieving a firm control of your working capital levers and cash position, so your business proposition is not hampered by poor cash flow.

Continue reading...

Topics: Business Value, Selling your business, Cash flow, Working capital, Exiting your business, Template, Checklist, business management, COVID-19, business strategy, coronavirus

How to create a Professional Development plan [template]

Posted by James Price | JPAbusiness on 26-Feb-2020 02:00:00

Staff professional development (PD) needs are best identified through a formal performance management and evaluation process.

I recommend owners/managers sit down with their staff members once every 12 months, as part of their annual performance review process, and develop a PD plan jointly, with each individual.

This review process will identify where already skilled employees need information to support their growth to gain more advanced knowledge, and further develop their own business and leadership skills. 

You can create plans from scratch, or download our free Professional Development Plan template to get you started.

Continue reading...

Topics: Template, business advice, professional development, Parramatta, Orange NSW, managing employees, staff training

 
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