How to grow a rooming house management business and buy another. If you'd like to be a guest for next year's Holiday Chat special, sign up for David's email list to be invited at www.DavidCBarnettList.com List members also get to enjoy these calls when they're newly recorded instead of having to wait until summer. All of this year's recordings and previous years are available on this playlist: https://soundcloud.com/dbarnettmoncton/sets/holiday-chat-2018-real-callers-real-small-business-deal-iss...
Jul 08, 2022•1 hr 9 min•Transcript available on Metacast The equipment in the business can provide part of the down-payment. If there are a lot of tangible assets in the business, you may be able to use leasing as a way to raise money for part of the down payment. I explore this in this week’s video. Also, what if you can’t find a leasing company willing to do the deal? I offer three other ways to ‘lease yourself’ a small business purchase down payment. Check out this week’s video: https://youtu.be/oFpkNhZupnM Learn how to buy an already-successful an...
Jul 06, 2022•10 min•Transcript available on Metacast How to grow an insurance and wealth advisory company to all 50 states. If you'd like to be a guest for next year's Holiday Chat special, sign up for David's email list to be invited at www.DavidCBarnettList.com List members also get to enjoy these calls when they're newly recorded instead of having to wait until summer. All of this year's recordings and previous years are available on this playlist: https://soundcloud.com/dbarnettmoncton/sets/holiday-chat-2018-real-callers-real-small-business-de...
Jul 01, 2022•53 min•Transcript available on Metacast So, you need money to buy a business, just ask the seller to take payments. The problem is that many buyers lack empathy in how they approach sellers. Do you think any random stranger wants to lend you money to buy their business? Let’s take a more measured approach to this. I cover this and more in this week’s video: https://youtu.be/TM7EdlgKMLM Learn how to buy an already-successful and profitable business even in the covid-recession https://www.BusinessBuyerAdvantage.com Book a call with me a...
Jun 29, 2022•12 min•Transcript available on Metacast Clint Fiore lists out ways in which brokers overprice businesses. Isn’t a high price their job? Not really, but you’ll have to stay to the end to find out what I think they should really be doing. I cover this and more in this week’s video: https://youtu.be/LzfDmKetafY https://youtu.be/Zet2HvYT1_o Learn how to buy an already-successful and profitable business even in the covid-recession https://www.BusinessBuyerAdvantage.com Book a call with me at https://www.CallDavidBarnett.com Books can be fo...
Jun 22, 2022•40 min•Transcript available on Metacast Subscribe to see episodes of Your Exit Squad when it airs at https://www.YourExitSquad.com Are you a small business owner? Submit a guest application if you want help in making your business more sellable- https://www.YourExitSquadGuests.com Consultants and Experts- Join the Squad https://www.YourExitSquadPartners.com Cheers!
Jun 21, 2022•21 min•Transcript available on Metacast Learn more at https://www.BusinessBuyerAdventure.com
Jun 17, 2022•13 min•Transcript available on Metacast This grocery store owner wants to know if it makes sense to go direct and import food. The answer comes down to inventory turns and operating capital. I cover this and more in this week’s video: https://youtu.be/7JyYzcZE68A Learn how to buy an already-successful and profitable business even in the covid-recession https://www.BusinessBuyerAdvantage.com Book a call with me at https://www.CallDavidBarnett.com Books can be found in my Amazon store: https://www.amazon.com/shop/davidbarnett Stop missi...
Jun 15, 2022•15 min•Transcript available on Metacast New Livestream guest- Cliff Duvernois. From https://entrepreneursonpodcasting.com/ I’m happy to have Cliff Duvernois join me on a live broadcast. Cliff has experience in the world of real estate, small business and podcasting. Tune in and as we’ll be discussing the difference between podcasters and business owners who use podcasts for marketing purposes. This is a ‘must see event’ for anyone in any kind of business! Be sure to join live so that you can ask questions, replay will be available. Se...
Jun 10, 2022•52 min•Transcript available on Metacast The IBBA has released their Q1 report on the market. What’s going on? How long is due-diligence taking? How many engagements are going sour? How long to find a buyer and close? How has this changed since 2020 and 2021. I cover this and more in this week’s video: https://youtu.be/LzfDmKetafY Learn how to buy an already-successful and profitable business even in the covid-recession https://www.BusinessBuyerAdvantage.com Book a call with me at https://www.CallDavidBarnett.com Books can be found in ...
Jun 08, 2022•27 min•Transcript available on Metacast New Livestream guest- Steven Beal, CBV, CFA, CPA https://www.BealBusinessBrokers.ca I’m happy to have Steven Beal join me on a live broadcast. Steven has decades of banking, accounting, business valuation and business brokerage experience. Tune in and as we’ll be discussing why so many buyers are being IGNORED by business brokers and how to break through the static and noise of the marketplace and be noticed. This is a ‘must see event’ for someone trying to buy a business which has been put up f...
Jun 06, 2022•47 min•Transcript available on Metacast Sieva Kozinsky reveals how anyone can buy their first business and quickly grow it to a $500,000 income… but does the plan make sense? Well, it’s hard to know. 10,500 people seem to like the advice. I’m getting old, so I’ve seen many deals and have some experience. Let me show you how I deconstruct this advice and see if it really plays out the way the author says. You may be surprised to learn that things on the Internet are not always what they seem. I explore the nitty-gritty of this advice a...
Jun 01, 2022•56 min•Transcript available on Metacast Do you want to exit your business and still earn income? Why is documenting systems the key to making a business sellable? Why should you consider your business as an asset and not a life role? In this podcast episode, I speak with, Ron and Lexie Lee about how to build a sellable business.
May 26, 2022•29 min•Transcript available on Metacast Chris sent me an email asking about whether fast-growing companies were extra-risky? Well, it depends on where the growth comes from. But, there is another risk in buying a fast-growing company. The risk that if the deal doesn’t close quickly, the seller will second-guess the price and/or other factors. I get deep into the ‘it depends’ weeds on this week’s video…: https://youtu.be/9tSTgnUiReg Learn how to buy an already-successful and profitable business even in the covid-recession https://www.B...
May 25, 2022•18 min•Transcript available on Metacast I suggested a few weeks ago that a reason NOT to buy a business was because you could make as much or more money by NOT being the owner. Let me explain… This week I’ll explain 4 different ways that non-owners can make more money, potentially, than business owners from a business. While the other benefits of freedom, control, etc may not be there for some of these strategies, they also don’t usually involve any investment risk. Please comment on YouTube if you’ve seen some of these strategies in ...
May 18, 2022•19 min•Transcript available on Metacast I respond to some YouTubers who say that you need to have a cutthroat mindset to make it in business. I disagree. I think this attitude will sink your long-term prospects in business. Except, if you operate under some specific circumstance. Instead, I give you my thoughts on the kind of attitude that pays off in business. Check it out in this week’s video: https://youtu.be/3dv8PC8aEVo Learn how to buy an already-successful and profitable business even in the covid-recession https://www.BusinessB...
May 11, 2022•15 min•Transcript available on Metacast New Livestream guest🡪 Cato Pastoll, Co-founder & CEO of Loop Inc. I’m happy to have Cato join me on a live broadcast. Cato helped to found Lending Loop, a Canadian small business loan crowdfunding site in 2014. Tune in and as we’ll be discussing how the pandemic has affected investors loans to small businesses on the platform -AND- we’re also going to discuss Loop’s new multi-currency business account systems that help businesses avoid the friction of borders and currencies. This is a ‘must see...
May 09, 2022•47 min•Transcript available on Metacast Dave asks me via email if seasonal businesses sell for more or less and if the timing of the transaction is important. They can sell for a different price, but it may surprise you how and why. And Yes, people do usually want to buy them in the off season. The terms as well can be interesting. Learn more in this week’s video: https://youtu.be/iGukyXIzSXQ Learn how to buy an already-successful and profitable business even in the covid-recession https://www.BusinessBuyerAdvantage.com Book a call wi...
May 04, 2022•11 min•Transcript available on Metacast I appear as a guest and discuss making waves with mindset. Pay attention to the discussion at the end about 'putting yourself in the path of opportunity.' ------------------------------- Find full show notes here: https://www.buzzsprout.com/1812446/10426476
May 03, 2022•1 hr 10 min•Transcript available on Metacast Brian says I inspired him to get started to buy a business. Was I pumping SME ownership too hard? Of course, I start out with one about being lazy. But there are many more problems that I’ve seen over the years. Egos can be a problem, but so can altruism and trying to save the world. Learn more in this week’s video: https://youtu.be/LXwH2evmork Learn how to buy an already-successful and profitable business even in the covid-recession https://www.BusinessBuyerAdvantage.com Book a call with me at ...
Apr 27, 2022•19 min•Transcript available on Metacast Why is it important to understand how people were duped by these online content creators who appeared to offer a great deal. Find the news story here: https://www.cbc.ca/news/canada/saskatoon/epic-company-collapses-real-estate-500-homes-1.6399770 While this article is about real estate, it is important to understand for anyone who consumes online small business content. The parallels are striking and there are operators just like this in the world of small business online. Learn to spot the sign...
Apr 20, 2022•20 min•Transcript available on Metacast New Livestream guest Lisa Forrest, Director of Seachfund Lending at Live Oak Bank. Find Lisa online at Lisa.forrest@liveoak.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. Tune in and as we’ll be discussing some of the misunderstood features of these loans and answering some viewer questions that have been submitted over the last two weeks. This is a ‘must see ev...
Apr 18, 2022•55 min•Transcript available on Metacast Azul says that when he adds the Enterprise Value to the Retained Earnings the price seems too high. But David, you ask, if there is a bunch of money and other assets in the company that Azul is buying, shouldn’t the seller get paid for that? Yes, if there truly is an excess. It all comes down to normalizing the balance sheet which is something very few people in the small business space know anything about. You see, what we really need to know is what the Normal Net Position in Working Capital s...
Apr 13, 2022•15 min•Transcript available on Metacast Monday at 5pm Eastern time, The Franchise Guide- Giuseppe Grammatico joins me for a live discussion about what has changed since the lockdowns. What new types of franchises are coming out? Who is struggling to make it? What have franchisors done to make a difference? I’ll share some of the interesting things I’ve seen in franchised businesses lately and see Giuseppe thinks. Find Giuseppe online at https://www.ggthefranchiseguide.com
Apr 11, 2022•53 min•Transcript available on Metacast Sam has a business in the UK which handles a lot of cash. Should he launder it? I’ve seen a lot of ‘shenanigans’ with cash in businesses over the years. Should business owners declare all this cash as income? Should they steal it away to buy new sneakers? Should they learn how to do ‘money-laundering?’ What does this kind of behaviour do to the value of their business and the terms of sale? Learn more in this week’s video: https://youtu.be/o_fvGBBTxBA Learn how to buy an already-successful and p...
Apr 06, 2022•14 min•Transcript available on Metacast Link made a comment that brokers hinder rapport building. Is it true? Rapport and trust building is necessary for a deal to be formed. Do business brokers hinder this? Or- does it matter who you’re dealing with? Is it better to only look at non-brokered deals? I handle this and more on this week’s video: https://youtu.be/8cugZCg1Cqc Learn how to buy an already-successful and profitable business even in the covid-recession https://www.BusinessBuyerAdvantage.com Book a call with me at https://www....
Mar 30, 2022•10 min•Transcript available on Metacast Hassan and Papi Shampoo want to know about how business deals are closed. What happens for the ‘closing’ of the deal? Do we need a lawyer? Where does the money go and how does it move? Who are the other players at closing and how does it change from one place to another? Great questions. This week we learn all about the process of closing on a business we’re buying whether we’re using a lawyer or not. Learn more in this week’s video: https://youtu.be/CSTyykXMiGc Learn how to buy an already-succe...
Mar 23, 2022•12 min•Transcript available on Metacast Learn about different deal structures at https://www.BusinessBuyerAdvantage.com Learn about selling a business at https://www.HowToSellMyOwnBusiness.com Learn more and join my email list at https://www.DavidCBarnett.com YouTube viewer BehindTheLast wants me to discuss royalties just like Mr. Wonderful. Kevin O’Leary loves royalties on Shark Tank. Can this method be applied in the purchase of a small business? Great question. This kind of tool has its ups and downs. Use it when you both disagree ...
Mar 15, 2022•11 min•Transcript available on Metacast Visit the podcast homepage here: https://ggthefranchiseguide.com/podcast/self-reflection-analysis-about-what-knowledge-and-skills-can-be-leveraged-when-getting-into-business-ownership/ Orignial Notes: Join your host Giuseppe Grammatico with his guest, David Barnett. In this episode, David analyzes skills and experiences to discover what areas, industries, or types of businesses are suitable for someone. He provides actionable steps to list down all roles, responsibilities, and duties a person ha...
Mar 11, 2022•42 min•Transcript available on Metacast Watch on Youtube: https://youtu.be/OgzWAUmdYl8 Join my Email list at https://www.DavidCBarnettList.com Learn to buy a business at https://www.BusinessBuyerAdvantage.com Find more great content on my blog at https://www.DavidCBarnett.com An anonymous viewer wants to know when he can start his next business. I’ve met many serial entrepreneurs over the years. One who actually had started over a dozen businesses over 40 years! This week’s question is about what needs to happen in order for someone t...
Mar 09, 2022•10 min•Transcript available on Metacast 
