When/how should we use a tool like Phantom Stock in running a business. Should the employees get excited about it or not? Please fill in the viewer survey for 2023: https://www.DCBsurvey.com Erica wants to know about Phantom Shares. Is this something to be excited about or is it just a scam to get employees excited? Today, I discuss the pros and cons of these programs and why a business owner may want to consider it over the alternative. Watch here now: https://youtu.be/xfNjnJ9D5YE Learn how to ...
Apr 19, 2023•11 min
New Livestream guest- Jaryd Krause I’m happy to have Jaryd join me on a live broadcast. Jaryd has been investing in online businesses and teaching others how to find, buy and renovate online businesses for years. He’s the host of the Buying Online Businesses Podcast and we first met when he came on my show in 2019!! Tune in and as we’ll be discussing how the world of online businesses is changing in 2023 and what to watch out for if you’re considering one of these businesses. This is a ‘must see...
Apr 17, 2023•59 min
Does it make sense to get into business ASAP or to build your reserves first? The 10-year question… Please fill in the viewer survey for 2023: https://www.DCBsurvey.com Johnathan has a small amount of money. Should he use it all to buy a ‘starter business’ and hope to learn along the way? Or- does it make sense to gain experience and build up his money in a corporate job and buy a bigger business later? The root of the question is actually missing the context that drives most buyers. Let’s expan...
Apr 12, 2023•16 min
Take just one minute to visit https://www.DCBsurvey.com and fill in the questions. You could win consulting calls, online courses, a battery bank or a coaching program with David.
Apr 10, 2023•5 min
If it will take months to start getting paid, how can he survive as the new owner? Please fill in the viewer survey for 2023: https://www.DCBsurvey.com Customers who pay in advance are essentially financing a business. It’s like a loan. The problem is, how/when do you recognize the earning of that money. It’s important if you’re taking over some of these contracts part way through the year. Watch here now: https://youtu.be/ta0gOH_uElQ Learn how to buy a business at https://www.BusinessBuyerAdvan...
Apr 05, 2023•13 min
New Livestream guest- Kenny Butler Find Ken's Program here: https://courses.bardwellcreative.com/courses/business-debt-settlement-course?ref=6a30ba I’m happy to have Kenny join me on a live broadcast. Ken has been helping clients negotiate their way out of bone-crushing business debts for years. Tune in and as we’ll be discussing how to negotiate a settlement for high-interest business debts without the need to go to court. Kenny has been a guest of the channel before in which he discussed how h...
Apr 03, 2023•54 min
New Livestream guest- Elliott Holland I’m happy to have Elliott join me on a live broadcast. Elliott owns a business called Guardian Due Diligence that does due-diligence investigations on target companies. Find them online at https://www.guardianduediligence.com/ Elliott is on Twitter at https://twitter.com/ElliottEHolland Tune in and as we’ll be discussing Quality of Earnings reports and other due-diligence stuff. This is a ‘must see event’ for anyone who wants to buy a business, especially a ...
Mar 31, 2023•1 hr 14 min
Getting a qualified buyer to respond to a listing requires some planning and facts that align… Carl is asking me for help in finding qualified buyers for his listings. What does a qualified buyer look like? Someone who can operate the business, likes the business, has money to buy the business, good credit scores and will impress the seller. What might be scaring these people away? Let’s address this today. Watch here now: https://youtu.be/YT-iZ1x3VP0 Learn how to buy a business at https://www.B...
Mar 29, 2023•17 min
New Livestream guest- Joel Ankney Find Joel on Linkedin at: https://www.linkedin.com/in/joelankney/ Website: https://www.JoelAnkney.com **** Please fill in the Viewer survey at http://www.DCBsurvey.com I’m happy to have Joel join me on a live broadcast. Joel is an experienced small business attorney and author of Here’s the Deal: Everything You Wish a Lawyer Would Tell You About Buying a Small Business. I read the book, it’s good. Find it online at https://www.amazon.com/shop/davidbarnett So goo...
Mar 27, 2023•51 min
Understanding how much a bank will lend….and why it really doesn’t matter. This week, a question about how much money you can borrow to buy a business. I don’t say how much. Instead, I show you the process on how to understand it and why even that doesn’t really matter in the end. What is important? Tune in and I’ll tell you… Watch here now: https://youtu.be/F1tMPYzmpAA Learn how to buy a business at https://www.BusinessBuyerAdvantage.com Book a call with me at https://www.CallDavidBarnett.com J...
Mar 22, 2023•11 min
New Livestream guest- Clint Fiore, principal of Bison Business. I’m happy to have Clint join me on a live broadcast. Clint has 8 years of experience as a business broker in Texas. Tune in and as we’ll be discussing how higher interest rates are affecting deals that he’s facilitating and what sellers may be feeling in response to this new pressure. This is a ‘must see event’ for buyers and sellers of small businesses. Be sure to join live so that you can ask questions, replay will be available. F...
Mar 17, 2023•55 min
The investigation you know will likely FAIL! This week, I answer a question about how to do due diligence when buying a small business. I answer, then tell you why it likely won’t be a success and what smart buyers do about that. Watch here now: https://youtu.be/CaudTeAkWWQ Learn how to buy a business at https://www.BusinessBuyerAdvantage.com Book a call with me at https://www.CallDavidBarnett.com Join me on Twitter: https://www.twitter.com/dbarnettmoncton Books can be found in my Amazon store: ...
Mar 15, 2023•22 min
Buying a distressed business. Is there a way to make this work? There might be, if you find just the right kind of distressed business or a seller who knows they’ll end up responsible for part of the debt. Watch here now: https://youtu.be/CaudTeAkWWQ If you’re a small business owner struggling with short-term and high-cost debts, check out this debt-relief program from Bardwell Creative. It can help you deal with the lenders without going to court. https://courses.bardwellcreative.com/courses/bu...
Mar 08, 2023•16 min
Invest in a Small Business and limit your liability. Can you invest in a small business the way you can buy shares in Coca-Cola? Abdulla wants to learn how he and others can invest in a small business and not be personally liable for any bank loans. Let’s check out the options and see if we can figure this out and what to watch out for as an investor. Watch here now: https://youtu.be/gklt39rL95k Learn how to buy a business at https://www.BusinessBuyerAdvantage.com Book a call with me at https://...
Mar 01, 2023•21 min
A wonderfully popular past guest is coming back… Lisa Forrest, Director of SearchFund Lending at Live Oak Bank. I’m happy to have Lisa Forrest join me on a live broadcast. Lisa has over 30 years of experience writing loans under the US Small Business Administration’s (SBA) loan programs. What is changing in 2023? Interest rates, seller expectations and more. What about the experience of many searchers post-closing? We’ll ask Lisa. This is a ‘must see event’ for anyone who is buying a business in...
Feb 24, 2023•59 min
Comparing Small Businesses by the numbers. I get a lot of questions from analytical folks who want to understand the best target numbers to look for when analyzing small businesses. Especially when comparing several opportunities. In this episode, I’ll give you the method I teach for determining which business to pursue. Watch here now: https://youtu.be/hcJZVDkDdTM Learn how to make accurate cash flow forecasts here: https://www.BizPlanSchool.com Learn how to buy a business at https://www.Busine...
Feb 22, 2023•14 min
David’s LinkedIn Hacks. A recent event showed me how many businesspeople are not online. So, why then should you spend time trying to build a network on LinkedIn? In this week’s video, I’ll explain how I benefit from LinkedIn and why the size of your network is paramount to success. I’m also going to share my tactics that get my requests accepted. Watch here now: https://youtu.be/l-eILU6jt0E Learn how to buy a business at https://www.BusinessBuyerAdvantage.com Book a call with me at https://www....
Feb 15, 2023•27 min
How big a business should Luke buy? If he gathers all his money together, Luke says he can buy a business up to $10M. Should he? In this video, I lay out the considerations that you should be thinking about when you decide how big a business to pursue. Again, much of the consideration depends on what you plan to do after the transaction. And- I’ll tell you why getting this right will set up your business empire for years to come. Watch here now: https://youtu.be/pm3BGOcNE9I Want to sell a busine...
Feb 08, 2023•17 min
Avoiding personal guarantees on business loans? Can one avoid a personal guarantee on a business loan? I explore the ways in which I’ve seen them limited or avoided. But, it was a real head-scratcher to work on for sure… Watch here now: https://youtu.be/1XOhSrIB4co Want to sell a business and need to know more: https://www.HowToSellMyOwnBusiness.com Learn how to buy a business at https://www.BusinessBuyerAdvantage.com Book a call with me at https://www.CallDavidBarnett.com Join me on Twitter: ht...
Feb 01, 2023•22 min
What is the formula for a business as a going concern? If you apply the method and get a result that seems intuitively wrong, what do you do? This week I get a question from Verasen who wonders about the result of a business value formula. We need to take things back to basic principles in order to understand why the result is valid. Watch here now: https://youtu.be/TcgEaNrn3I4 Want to sell a business and need to know more: https://www.HowToSellMyOwnBusiness.com Learn how to buy a business at ht...
Jan 25, 2023•11 min
Original show notes: Well run businesses are fun to own and I don't care if you want to sell your business a sellable business is just fun to manage. For one, it's profitable. Second it doesn't require you to put out fires every day and you get to take a vacation! That's our goal for you! Hi, I'm the Profit Answer Man Rocky Lalvani! I help small business owners simplify their financial reports to make more informed business decisions with fewer hassles. We utilize the Profit First system created...
Jan 24, 2023•36 min
In this video, I'm interviewing Aga Asbury, a business broker who can help small businesses get visas to work in the USA. Aga is an expert in the field of immigration and can help small businesses get visas for E-2 status, which is the most common visa for small businesses. If you're interested in starting a business in the USA and need help getting started, be sure to watch this video! Aga will share with you everything you need to know about the E-2 visa process, from filing the paperwork to f...
Jan 20, 2023•59 min
No profit on paper, but is this still a deal? Cortez asks about a business that makes no profits but has a lot of valuable equipment. Can the equipment allow the business to be financed? Great question. Let’s dive in… Watch here now: https://youtu.be/SUrw_kAHdgc Want to sell a business and need to know more: https://www.HowToSellMyOwnBusiness.com Learn how to buy a business at https://www.BusinessBuyerAdvantage.com Book a call with me at https://www.CallDavidBarnett.com Join me on Twitter: https...
Jan 18, 2023•15 min
Thanks John for inviting me onto your show. ------Original Notes----- David Barnett is a business brokerage expert who works with entrepreneurs worldwide to help them buy, sell, and organize their small and medium-sized businesses. He is also a speaker and educator. David is the author of several books including Invest Local: A Guide to Superior Investment Returns in Your Own Community, Credit Card Advantage: Understand the Costs and Benefits to Your Business, Franchise Warnings: What You Really...
Jan 15, 2023•41 min
An easier way to save on contracts. New Livestream guest- Wesley E. Henderson I’m happy to have Wesley join me on a live broadcast. Wesley is an experienced small business lawyer from South Carolina who has worked on hundreds of buy/sell deals and is now also the co-founder of Drafted Legal. Tune in and as we’ll be discussing contracts and paperwork for small businesses that they use with customers, suppliers and other parties. This is a ‘must see event’ for anyone who wants a better understandi...
Jan 13, 2023•54 min
Would I recommend financing 100% of the sale of this business? A Twitter user is facing a question…. Should he sell his business to his 20-year employee and right hand man with 100% seller financing? Does it make sense? I asked him to book a consulting call and he didn’t. Here’s what it would have sounded like if he had… Watch here now: https://youtu.be/WiwlM0deCvs Want to sell a business and need to know more: https://www.HowToSellMyOwnBusiness.com Learn how to buy a business at https://www.Bus...
Jan 11, 2023•30 min
New Livestream guest- John Jantsch I’m happy to have John join me on a live broadcast. John is the man behind Duct Tape Marketing. Have you heard of it? He’s written books, done speeches and taught about his special marketing framework. Now, he licenses this intellectual property to consultants around the world! Tune in and as we’ll be discussing small business marketing AND using licensing as a way to grow a business without the complications of franchising. This is a ‘must see event’ for peopl...
Jan 09, 2023•42 min
New Livestream guest- Patrick Dichter of Appleseed Business Services. I’m happy to have Patrick join me on a live broadcast. Patrick has successfully executed a search for a CPA/Bookkeeping firm without being a CPA! He is now growing this company from being highly regional to a national service provider. Tune in and as we’ll be discussing Search, tax planning, and some top tips to look out for when transitioning a business into your own ownership. This is a ‘must see event’ for anyone who wants ...
Jan 06, 2023•47 min
Why is the sale of one kind of asset a secret while the other can be public? Robert has been looking at businesses and investment properties. He wants to know why business sellers ask for an NDA while building sellers do not. Let’s examine the difference between these two different kinds of assets and the motivations and FEARS of their current owners. Watch here now: https://youtu.be/qw3xwSuXI7w Learn how to buy a business at https://www.BusinessBuyerAdvantage.com Book a call with me at https://...
Jan 04, 2023•12 min
It’s like an awards show for SMB videos… It’s easy to say that popular videos are the most loved. BUT are they the most instructional or important? I don’t think so. So, let me tell you which videos were the most-watched and then let you in on which ones I believe should have been more watched but weren’t in 2022. Watch here now: https://youtu.be/E51_OJygPu0 Here’s the playlist of the videos: https://youtube.com/playlist?list=PLqomziNDpylUfsBWwsyYGt5J_yjcPHqVr Or, listen to them all on Soundclou...
Dec 28, 2022•16 min
