***New Video Alert! Can you buy a business that requires a license when you don’t have one? Maybe, depends on where you are. But there are pros and cons to these businesses and industries that people don’t quite understand until they’re in the industry. This week, we discuss whether it makes sense to chase a licensed business and if it’s worth the hassle. Watch right here: https://youtu.be/DP6gFIYcj48 Cheers See you over on YouTube David C Barnett
Nov 13, 2024•26 min
***New Video Alert! What if you can’t find the business you like in your local area? Does it make sense to buy one in another city or state if you don’t have the intention of moving? I’ve known several investors who have pulled this off. This week, we’ll look at the considerations you need to ponder before deciding to go and do this kind of deal. You’ll see in today’s video: https://youtu.be/l2pDy-CI3d0 Cheers See you over on YouTube David C Barnett
Nov 06, 2024•28 min
Spencer Raises MiLLION$$$ New Livestream guest- Spencer Hilligoss I’m happy to have Spencer join me on a live broadcast. He’s been busy doing private real estate deals and he’s raised millions of dollars via syndication deals. Tune in and as we’ll be discussing how his business operates and what it’s like to attract and accept investor money. If you think you’re just gonna ‘get investors’ this episode is for you as we’ll be discussing all the realities of being responsible for other people’s mon...
Nov 04, 2024•52 min
In this episode of The Profit Answer Man, David C. Barnett, a seasoned expert in buying and selling small businesses shares his insights into the world of business acquisition versus starting a new business. We dive into what makes a business "sell-ready" and explore how preparing your business for sale can improve not only its value but also its profitability and enjoyment. If you're considering growth, David offers invaluable advice on leveraging acquisitions as a path to expansion.
Nov 01, 2024•33 min
***New Video Alert! I’ve met hundreds of successful business owners over the years, and we sometimes talk about their investments. This week, I show you where they invest their money and why. Also- why the personal finance advice you get online likely would be very bad advice for you if you own a business or intend to buy one. You’ll see in today’s video: https://youtu.be/GlqCelWVNb0 Cheers See you over on YouTube David C Barnett
Oct 30, 2024•42 min
Live Financial Planning for Biz Owners New Livestream guest- Jennifer R. Lee Author, Founder of Modern-Wealth I’m happy to have Jennifer R. Lee join me on a live broadcast. Jennifer R. Lee is a Florida Financial Planner. She works mainly with women going through divorce who are or are leaving entrepreneurs. We’ll be discussing all things financial planning, how she addresses this very specific client group and the particular concerns you might have if you’re doing well in business and may be pla...
Oct 27, 2024•39 min
***New Video Alert! Yes, you can buy a business quickly. In this week’s episode, I dive into a case study of someone who did just that and add my commentary about the lessons learned. Buckle up for this ride: https://youtu.be/uN8pZ5cCcic Cheers See you over on YouTube David C Barnett
Oct 23, 2024•53 min
New Livestream guest- Mani Ellefson, the Hands-off CEO Leader, podcast host and author. I’m happy to have Mandi join me on a live broadcast. She’s built a business out of helping entrepreneurs get out of the day to day of operations and truly be free to work ‘on’ their businesses. She hosts a podcast on the topic and is the author of The Hands-Off CEO which is a great book. Tune in and as we’ll be discussing how to develop or hire an operations manager in your business. This is a ‘must see event...
Oct 21, 2024•57 min
David gets invited to give feedback on a panel of small business owners around the topic of whether someone should buy their family furniture business. --Original Show notes--- This week, in episode 214, we bring you another Entrepreneurial Fish Bowl with Chris Hutchinson of Trebuchet Group (https://www.trebuchetgroup.com/ ) . As you may remember, this is a virtual exercise where we offer a business owner—or in this case a potential business owner—the opportunity to pose a challenge he or she is...
Oct 18, 2024•41 min
***New Video Alert! What if a rich person just offered to buy you a business? What would you ask about to make sure the deal was likely to complete? I’ll walk you through it in this week’s video: https://youtu.be/WX3MXtOF8RY Cheers See you over on YouTube David C Barnett
Oct 16, 2024•22 min
This is a PAID consulting call for a real viewer who needs help on a deal. It's all incelebration of my new book 'Buying vs. Starting a Small Business: Search or Startup? A Guide to keep you from Going Broke' Find it now at Amazon.com here: https://a.co/d/bdsOvUe The Canadian Amazon store here: https://a.co/d/cEEPheJ The UK Amazon store here: https://amzn.eu/d/7GFGeUz The Australian Amazon store here: https://amzn.asia/d/g6ZbNa1 Or any other local Amazon store you frequent. You can even buy a pd...
Oct 12, 2024•50 min
***New Video Alert! Where are you spending your time watching for hazards to your business? Maybe pencil some time in your calendar for these areas people sometimes miss. Especially important for those not active day to day in their businesses!!! I’ll walk you through it in this week’s video: https://youtu.be/tLGr5rCWfkY Cheers See you over on YouTube David C Barnett
Oct 09, 2024•27 min
This is a PAID consulting call for a real viewer who needs help on a deal. It's all incelebration of my new book 'Buying vs. Starting a Small Business: Search or Startup? A Guide to keep you from Going Broke' Find it now at Amazon.com here: https://a.co/d/bdsOvUe The Canadian Amazon store here: https://a.co/d/cEEPheJ The UK Amazon store here: https://amzn.eu/d/7GFGeUz The Australian Amazon store here: https://amzn.asia/d/g6ZbNa1 Or any other local Amazon store you frequent. You can even buy a pd...
Oct 04, 2024•1 hr 1 min
***New Video Alert! What happens once you own a business. Just clear sailing and profits, right? NOPE- You’ve got to have a continuous attitude about due-diligence in these 11 areas to keep from having to deal with out of control situations growing without your notice. I’ll walk you through it in this week’s video: https://youtu.be/gKrf_lkY6NE Cheers See you over on YouTube David C Barnett
Oct 02, 2024•26 min
This is a PAID consulting call for a real viewer who needs help on a deal. It's all incelebration of my new book 'Buying vs. Starting a Small Business: Search or Startup? A Guide to keep you from Going Broke' Find it now at Amazon.com here: https://a.co/d/bdsOvUe The Canadian Amazon store here: https://a.co/d/cEEPheJ The UK Amazon store here: https://amzn.eu/d/7GFGeUz The Australian Amazon store here: https://amzn.asia/d/g6ZbNa1 Or any other local Amazon store you frequent. You can even buy a pd...
Sep 27, 2024•56 min
***New Video Alert! This week- a question from a Canadian who wants to know how to do deals where he lives. But- even Americans should learn how non-SBA deals are done because they can be cheaper! I’ll walk you through it in this week’s video: https://youtu.be/Pwa_EsrHl58 Cheers See you over on YouTube David C Barnett
Sep 25, 2024•28 min
Bits and Pieces of Leaders- The Fractional C-Suite Movement. New Livestream guests- *Devoreaux Walton MBA, CMO https://berevelant.com/ https://www.linkedin.com/in/devoreauxwalton/ *Jennifer Doherty MIRHR https://jsdhumanresources.ca/ https://www.linkedin.com/in/jsdhumanresources/ *Kevin Robinson, MBA, CPA F-CFO https://www.trajectory-cfo.com/ https://www.linkedin.com/in/kevin-robinson-mba-cpa-98895526/ *Mathew Kerbis, Fractional GC https://subscriptionattorney.com/ https://mathewkerbis.com/ http...
Sep 23, 2024•54 min
This is a PAID consulting call for a real viewer who needs help on a deal. It's all incelebration of my new book 'Buying vs. Starting a Small Business: Search or Startup? A Guide to keep you from Going Broke' Find Jonathan Bennett on Linkedin here: https://www.linkedin.com/in/bennettjonathan/ or at https://www.ClearlyThen.com Find it now at Amazon.com here: https://a.co/d/bdsOvUe The Canadian Amazon store here: https://a.co/d/cEEPheJ The UK Amazon store here: https://amzn.eu/d/7GFGeUz The Austra...
Sep 20, 2024•56 min
The great debate- Is there good small business content online? New Livestream guests- Mike Finger and Clinton Lee These two have been guests on my show before but never locked in heated debate! Clinton is a long-time consultant who helps leading UK entrepreneurs find the best fit business brokers to represent them in selling their businesses. Mike Finger is a multi-exit SMB survivor who coaches small business owners in the US on how to make their businesses more saleable. The discussion? Is ther...
Sep 16, 2024•59 min
***New Video Alert! I often get asked what kind of businesspeople should be looking for. So, today I made a list of criteria for people to consider when deciding what to buy or start when it comes to the world of small business. I’ll walk you through it in this week’s video: https://youtu.be/_6rezgHbVN4 Cheers See you over on YouTube David C Barnett
Sep 11, 2024•32 min
Are you in Sales? Or are you a CLOSER?!? New Livestream guest- Bob King- extreme closer and author. I’m happy to have Bob join me on a live broadcast. He’s got years of experience in Hollywood and in direct sales and closing deals in one day. Tune in and as we’ll be discussing his new book; The Joy of Closing. This is one of the best sales books that I’ve read in awhile. I enjoyed it so much, I asked Bob to be on the show. This is a ‘must see event’ for anyone who needs to bring in revenue to a ...
Sep 09, 2024•47 min
This is a PAID consulting call for a real viewer who needs help on a deal. It's all incelebration of my new book 'Buying vs. Starting a Small Business: Search or Startup? A Guide to keep you from Going Broke' Find it now at Amazon.com here: https://a.co/d/bdsOvUe The Canadian Amazon store here: https://a.co/d/cEEPheJ The UK Amazon store here: https://amzn.eu/d/7GFGeUz The Australian Amazon store here: https://amzn.asia/d/g6ZbNa1 Or any other local Amazon store you frequent. You can even buy a pd...
Sep 09, 2024•55 min
This is a PAID consulting call for a real viewer who needs help on a deal. It's all incelebration of my new book 'Buying vs. Starting a Small Business: Search or Startup? A Guide to keep you from Going Broke' Find it now at Amazon.com here: https://a.co/d/bdsOvUe The Canadian Amazon store here: https://a.co/d/cEEPheJ The UK Amazon store here: https://amzn.eu/d/7GFGeUz The Australian Amazon store here: https://amzn.asia/d/g6ZbNa1 Or any other local Amazon store you frequent. You can even buy a pd...
Sep 06, 2024•33 min
***New Video Alert! Inc Magazine announces that there is a boom in new business formations. Does that mean the economy is rocking? Maybe not. AND- Why don’t we know exactly how many small businesses ever do get sold? I tear into it this week… I’ll walk you through it in this week’s video: https://youtu.be/4vL6b3_2uSM Cheers See you over on YouTube David C Barnett
Sep 04, 2024•28 min
My new book is now live and available for purchase on Amazon stores worldwide. "Buying vs. Starting a Small Business: Search or Startup? A Guide to keep you from going Broke." Find it now at Amazon.com here: https://a.co/d/bdsOvUe The Canadian Amazon store here: https://a.co/d/cEEPheJ The UK Amazon store here: https://amzn.eu/d/7GFGeUz The Australian Amazon store here: https://amzn.asia/d/g6ZbNa1 Or any other local Amazon store you frequent. You can even buy a pdf copy from Gumroad here: https:/...
Sep 02, 2024•6 min
HC#012 Do you remember Chris from HC#007 in the 2022 Holiday Chats? https://youtu.be/9zU1yjhOA2E He bought a landscaping company without enough operating capital. Well, he came back to tell us how it went and is looking for some ideas on how to build on his first year in business. Do Business with David using these incredible internet links... - David's Blog where you can find hundreds of free videos and articles, https://www.DavidCBarnett.com - Join David's email list so you never miss any new ...
Aug 30, 2024•1 hr 1 min
***New Video Alert! Part 8 of the ‘Get into Business 101’ summer series. Today, we’re talking about what happens on closing day and when you take over a business you just bought. Also, the initial startup to a new business and how these things can kinda be similar. Check out this week’s video: https://youtu.be/lD6ycnQLW2k Cheers See you over on YouTube David C Barnett
Aug 28, 2024•32 min
HC#011 Buyer007 has a license to search! This anonymous caller wants help to figure out why he can’t find good deals, why the sellers on bizbuysell are playing the Bait and Switch game and if a franchise might be the answer. If you listen to the end, however, you’ll hear a really juicy part about his mistake in calculating his BATNA (Best Alternative to a Negotiated Agreement) as he forgot to include one really big cost/benefit of doing a deal which may cause him to totally change his criteria. ...
Aug 23, 2024•58 min
***New Video Alert! Part 7 of the ‘Get into Business 101’ summer series. Today, we’re talking about Raising Money and doing Due diligence. I dispel a lot of misconceptions about where you find investors, how you get the cash to fund your business acquisition and how you manage the process of due-diligence. Don’t get into something that might bite you! Check out this week’s video: https://youtu.be/aXiN3L69UH0 Cheers See you over on YouTube David C Barnett
Aug 21, 2024•33 min
Scale and Sell a Service Business with Mini-Me’s New Livestream guest- Jonathan Bennet I’m happy to have Jonathan join me on a live broadcast. He’s has grown a consulting business by training others on how to deliver the services, then sold it off in a management buyout! Tune in and as we’ll be discussing his journey and how he executed this very difficult transition from ‘being the guy’ to being a true owner. We’re also going to dip our toe into the world of ‘B-Corp Status’ and how it helped in...
Aug 19, 2024•51 min
