FUTURE EVENTS
13th April 2010 Seminar - Royal Military Academy Sandhurst (RMAS) On Tuesday 13th April, we will be holding another of our Breakfast Seminars at RMAS. This will be our eighth annual seminar and it has always proved to be a popular event attracting 50-60 local businesses. This year we will be running the seminar in partnership with David Venus & Company and the Avondale Group. David Venus & Company specialise in company law and company secretarial practice and are based in Pall Mall and Esher. Avondale are leading experts in the sale, merger and acquisition of commercial small and medium-sized businesses.
Booking forms for the seminar will be available next week.
19th May 2010 TWIS On Wednesday 19th May, JFP will be sponsoring the TWIS meeting (Third Wednesday in Slough). This is a monthly networking event for owners of, and those involved in, small and medium-sized businesses. The meeting will take place at Kinnarps Slough & Windsor, Churchill House, 1 London Road, Slough, Berkshire SL3 7FJ; it will run from 12.30pm-2.30pm, and a buffet lunch will be provided.
To book a place at TWIS, please contact JFP on 01344 872230.
|
CHARITY FUNDRAISING
Last month at the Caledonian Club, JFP presented Help for Heroes with a cheque for £10,000 which was the amount raised on our charity project, a Transatlantic Yacht Race. The Race had quite an exciting end and the final report is at www.thearc-h4h.co.uk.
|
RECENT EVENT - IOD SEMINAR
IOD Seminar - Pall Mall On 12th November, we were one of the keynote speakers at a seminar entitled "Buying and Selling Private Companies" which took place at the Institute of Directors premises at Pall Mall and was jointly sponsored by Avondale Group. John Fairley spoke about the importance of Planning and Implementation and their impact on selling or acquiring a business.
He said, "A robust Board and Management meeting process with an effective agenda properly minuted can be a very effective window on the business, for the correct reasons. Not only does it help a purchaser in their due diligence but more importantly it increases their confidence in what they are acquiring and allows a seller to reinforce the values, strong processes, healthy culture and dynamism of the business. In turn this can translate into negotiating a better value.There is however the potential downside that it may simply hang out the dirty washing. However if there is dirty washing, a good due diligence will unearth it any way. The point of this robust process is to clean all the washing and make for a better business that can stand scrutiny by a purchaser ."
Summary
Whether selling or acquiring:
• Plan effectively
• Have clear Strategic Objectives
• Ensure “Buy In” by all key management/decision makers
• Implement aggressively and effectively
• Have a strong Board Meeting Process
• Create a powerful audit trail
• Above all “MAKE IT SIMPLE” for a buyer to understand the business.
|
RECENT EVENT - COCKTAIL PARTY
Cocktail Party - The Caledonian Club On 13th January we held a Cocktail Party at the Caledonian Club in Belgravia. Despite heavy snowfall that day, we had 65 guests which we felt was a very good turnout given the difficult travelling conditions. We had a lovely evening with a Piper to entertain us, and everyone enjoyed meeting new business contacts and catching up with people they already knew.
|
NEW CLIENT
Since our last newsletter, we are very pleased to welcome a new client:
- Financial Recoveries Ltd A specialist debt recovery company operated by a group of professionals whose experience in the field of credit control and debt collection management spans 30 years, and whose clientele ranges from sole traders to large, multinational companies.
We look forward to a successful relationship with them.
|
10 TOP TIPS FOR BUSINESS SUCCESS
Sometimes knowing what to do is the easy part – it’s making it happen that is difficult.
- Initiate a continuous strategic planning outlook. Give your business the luxury it deserves and take the time to create a plan. It gives you a vehicle that you can drive at any speed and direction that you choose, because you are in control. You become proactive and not reactive.
- Get everyone to buy into the vision and the plan.
- Harness the knowledge of your staff.
- Know your customers and prospects.
- Improve your processes.
- Innovate.
- Utilize the skills and competence of your people.
- Focus on relevant information – downside as well as upside!
- Reduce your overheads.
- Action, not talk!
|
CREATING A STRATEGIC PLAN
On your Strategic Planning Day you will use your business information and our planning tools to put together a strategic plan which identifies your goals and objectives along with a clear set of actions and detailed financial projections, to help you succeed in the implementation of the plan. It will keep you on target with an ongoing review process.
www.jfpstrategic-planning.co.uk/presentations/SPT_bus_Presentation95.pdf
|
RISK MANAGEMENT
Have you considered the risks facing your business? We can help you to explore risk potential and plan to mitigate it. Action and budgetary impact tools help prepare achievable plans. The result of the risk management exercise is an increased sense of security on both a personal and business level.
www.jfpstrategic-planning.co.uk/presentations/RMT_Presentation95.pdf
|
|
01344 872230
