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: Video, Advice, BME, Business Value, Business maintainable earnings, business advice, Business advisor, Business valuation
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: Valuations, Business Value, 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: Exiting your business, Succession planning, Advice, Video
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: Valuations, Business Value, Advice, Video, business advice, market appraisal, business management
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: James Price, business advice, strategic planning, Business Planning, Business advisor, Video
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: James Price, business advice, strategic planning, Business Planning, Business advisor, Video
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: Business Planning, Video, Advice, business management, Business advisor, 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: business advice, buying a franchise, Franchises, Buying a business, vendor due diligence, Video
Every business is different, but in this video I'm sharing 5 'first steps', or tips, which we think are useful when buying any business.
Following these steps will help you take a planned approach to what may well be one of the biggest financial investments of your life.
They're each important in their own way, but I must admit Tip 2 – 'Have passion for the opportunity' – is a key one for me.
Owning a business can be difficult at times, but it's easier to withstand those challenges if you have a 'fire in your belly' for what you do.
Topics: Business advisor, business advice, Buying a business, Video
Cash flow is the lifeblood of a business.
Cash flow has always been important, but it has become even more so in a post-GFC world.
Money was hard to come by during the global financial crisis, so smart companies looked at their total business operations and asked ‘where do I have money tied up that I can use more efficiently?’
In this video I'm focusing on how you can improve your cash flow through your dealings with suppliers.
Topics: Cash flow, business advice, managing suppliers, Video
