Business market appraisals and valuations are both robust assessments of a business’ worth and are appropriate for use in different circumstances.
In this video I explain the difference between a business market appraisal and a business valuation, and when each should be used.
Topics: Business Value, Advice, Valuations, Video, Business valuation, market appraisal, valuing a business, Parramatta, Orange NSW
Seeking to exit a business just a few weeks or months after making the decision to do so, is not the best way to optimise value in a business sale.
As I explain in this video, it’s much wiser to incorporate exit and succession plans into your ongoing business planning and prepare for a sale over a period of several years.
Topics: Business Value, Selling your business, Exiting your business, Video, business advice, selling a business, Business advisor, Parramatta, Orange NSW
Business valuation is not an exact science and nor is it a simple science. However there are some factors you should always consider when assessing a business’ value.
The following video lists 3 key factors to consider when valuing a business and 3 questions you need to ask to uncover this important information.
Topics: Business Value, Advice, BME, Video, business advice, Business valuation, Business advisor, Business maintainable earnings
At JPAbusiness we often say that business valuation is both an ‘art’ and a ‘science’.
In this video I explain just what that means.
Topics: Business Value, Valuations, Video, business advice, Business valuation, small business
At JPAbusiness we believe five years is a good benchmark to be planning for succession and exit.
In this video I use the example of a JPAbusiness client to show how this forward planning can place your business in the best position for a successful exit, whether that exit comes in the form of a planned sale process or an unexpected purchase offer.
Topics: Advice, Exiting your business, Video, Succession planning
Don't wait until someone offers to buy your business to seek a business valuation or market appraisal.
Valuations are extremely useful management tools for business owners looking to maximise their current business performance and long-term value.
A valuation can help you identify what you are currently doing that is adding to your business value, and what you are doing that is detracting from value.
My advice is that, if your business is greater than five years old, you should have it valued on a reasonably regular basis.
Topics: Business Value, Advice, Valuations, Video, business advice, business management, market appraisal
In this video I give my view on how often you should review your business plans and, importantly, who they need to be shared with.
Sharing a plan with your team will:
As we always say, a good plan is a shared plan.
Topics: Business Planning, Video, business advice, Business advisor, James Price, strategic planning
In this video I list four components of an annual business plan and drill down a little into some of the business issues you should cover under each of those four elements.
An annual business plan should encompass three core concepts:
Topics: Business Planning, Video, business advice, Business advisor, James Price, strategic planning
As a business owner or senior manager, you can’t plan for every eventuality, but you can plan to withstand shocks.
In this video I explain that business plans don't have to be excessively large or detailed, but they do need to exist in order to demonstrate your commitment to your business goals.
Topics: Advice, Business Planning, Video, Business advisor, business management, James Price
We have written a number of blogs on franchising and also created a free Buying a Franchise Planning Sheet.
This week I've published a video highlighting 4 issues you should consider very carefully before buying a franchise.
Topics: Buying a business, Franchises, Video, business advice, buying a franchise, vendor due diligence
