We give you an update and play some clips from our new show coming out later this year... Your Exit Squad. Subscribe to be the first to see new shows at https://www.YourExitSquad.com Want to appear as a guest? https://www.YourExitSquadGuests.com Want to help as a partner? https://www.YourExitSquadPartners.com
What you read about online may not represent the reality of the world. Future was watching my videos and wanted to know why he only sees complainers online who’ve done bad deals. Can someone really buy a business with $500K of profits and live happily ever after? Why does it seem like it doesn’t work for most people? In this week’s video, I detail if it can be done. Who’s doing it. Who’s talking about it. Who’s not finding them. Who’s being caught and why. Check it out in this week’s video: http...
Bill was a no-show, unfortunately... so, I spoke to all of you and talked about Holiday Chat 2022!
Matthew asks how to decide what business is right for you. There are two ways: 1. Extrapolate from self-analysis. 2. The thesis method. Let me summarize both and tell you what I think are some key factors to keep yourself from being caught up in ‘shiny object purgatory.’ Learn more about the two methods of industry identification here: https://youtu.be/p1UbedYYnAM Learn how to buy a business at https://www.BusinessBuyerAdvantage.com Book a call with me at https://www.CallDavidBarnett.com Join me...
Courtney wants to know how she can be the best business lawyer she can and win more work from dealmakers like you. My advice… Design her practice like a restaurant. Be transparent. Build a risk matrix to maximize communication with clients. Really, they’re mostly tricks from my small business systems program. Learn more here as well as my warnings about WHAT NOT TO DO: https://youtu.be/iCvpMlaLF2I Learn how to create better systems and an operating manual in any small business in only a few easy...
New Livestream guest- Palmer Higgins from Chenmark I’m happy to have Palmer join me on a live broadcast. Palmer and his partners have built up a holding company with multiple small business operating units in two countries from their home base in Portland, ME. Tune in and as we’ll be discussing how they buy businesses and put someone else in charge of running them. This is one of the biggest topics I’m asked about all the time and we’ll get to hear some of the challenges and the reality of what ...
This week a YouTube viewer wants to know if he can save time by getting pre-approved for a business purchase loan. Let’s see… What does the underwriting process require? What are the ‘deal killers’ of a business purchase loan? What is totally within your power to do before you go out and try and buy a business? Learn more here: https://youtu.be/w_Ol9BLpFbs Learn how to buy an already-successful and profitable business https://www.BusinessBuyerAdvantage.com Book a call with me at https://www.Call...
New Livestream guest- Chris Mosier & Scott Freerksen of Lakefront Living Realty. I’m happy to have these two guests join me on a live broadcast. Scott and Chris have built a new franchise model in the real estate industry that exists to sell one thing only- lakefront property. They ignore everything else. We’re going to discuss how they came across the concept, why they believed in it and how it’s going. We’re also going to learn about their journey as franchisors and what they’ve learned along ...
This week, Tian wants to know about why SDE is so different from Net-Income. Is he being lied to? Why is SDE used in the business sales world? What if someone is cheating on their taxes? How do they tell you without telling you? Enter the world of the murky add-back and how you protect yourself. Learn more here: https://youtu.be/7q_jBnaV7LY Learn how to buy an already-successful and profitable business https://www.BusinessBuyerAdvantage.com Book a call with me at https://www.CallDavidBarnett.com...
This week, Yaro wants to know what kind of business he should buy if he DOES NOT want to work there? Is there an ideal business for absentee ownership? I discuss the skills needed, the types of businesses to look for and a trap that I’ve seen some fall into. Learn more here: https://youtu.be/9Uz0X5JRDB4 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 Join me o...
Another weekly video on how to use a business’ assets to raise part of the down payment. Again, this one has some pretty big warnings about what could go wrong if you’re not truly prepared or don’t plan it out well enough. Check out this week’s video: https://youtu.be/-4CSBbf57rE Learn how to buy an already-successful and profitable business even in the covid-recession https://www.BusinessBuyerAdvantage.com Make better cash flow forecasts: https://www.BizPlanSchool.com Book a call with me at htt...
Listen to the podcast episode with Host Marcia as I explain the important factors that sellers need to have in place so that buyers don't look for discounts. About Marcia: She is a business growth strategist helping service-based professionals to increase their profits and strengthen their business so that it is worth selling someday. She works closely with her clients to turn their business into an attractive & profitable business asset they can enjoy until they decide it's time to stop. She he...
Wants to know about a ‘franchise’ opportunity and learn about a whole new industry. 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-smal...
Reducing or changing the inventories required in a business can help raise a down payment AND improve this other important metric… What other important metric? Return on Equity. By lowering profits. Yup. Check out how to spot a business that can be transformed in such a way as to turn it’s own inventory into a down payment and boost your own rate of return. Check out this week’s video: https://youtu.be/UMs-fO3FFGw https://www.BusinessBuyerAdvantage.com Book a call with me at https://www.CallDavi...
I'm having a terrific discussion with Tax-Alpha Solutions Podcast You can also listen to the show to hear Matt Chancey and I talk about the inner workings of a business broker and other fascinating topics.
Wants to buy a home improvement co which finances its sales 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-issues T...
But how can customers you don’t have, help to buy a business you don’t own? What about confidentiality? Hmmm. Yeah, good question. Business buy/sell deals are often about secrecy. So, there is really only one way for a ‘normie’ to try and pull this off. Or, maybe you can as a celebrity? Even a local one. Check out this week’s video: https://youtu.be/Ol3mbiuFNJw Learn how to buy an already-successful and profitable business even in the covid-recession https://www.BusinessBuyerAdvantage.com Book a...
Audio of a workshop hosted by Ted Leverette from https://www.PartneronCall.com Notes for the workshop are here: https://partneroncall.com/prep-not-pre-loi-due-diligence/ Guests include: David C Barnett from https://www.DavidCBarnett.com Nancy Fallon-Houle from https://www.velocitylaw.com/ and Searcher D. Precourt.
Buying some seemingly expensive cottages to rent out. 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-issues These c...
This week, we take a look at how Codie Sanchez promotes her laundromat deals with a skeptical eye… Easy peasy, even if you’re broke. Codie will tell you how she can help you buy a business that will make you rich, but will it really? Watch what I think of her laundromat deal here: https://youtu.be/ww4XRyMgHrY Videos mentioned this week: Codie’s Video that I analyzed: https://youtu.be/phME03aJI-Y Warren Buffet & David Duel over Depreciation: https://youtu.be/_S2m1dieX6w Why SDE is NOT Cash Flow: ...
An amazingly profitable sandwich shop owner wants to sell. 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-issues Th...
Some new installment features can help with a down payment on a business acquisition. If you can stomach the cash drain on a 6-, 12- or 24-month amortization, some new credit card features could help you come up with a down payment on a business. Check out this week’s video: https://youtu.be/xYs-DSfht9s 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 Join me o...
New Livestream guest- Janet Falk from https://janetlfalk.com/ Here is a link to a Sample Media Profile, with a worksheet and an offer for a Complimentary Strategic Communications Consultation: http://bit.ly/2KS4dma. Janet has had an amazing career journey through the corporate world, private advisory businesses and more which has led her to the field of public relations. Tune in and as we’ll be discussing how you can take advantage of what’s new in your business to find customers and influence t...
Moving and running a business remotely looking ahead to 2022 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-issues ...
Suppliers don’t want to lose a valuable account, they may be willing to help lock in volume. Why would a supplier help you buy a business? It may be in their own self-interest to give you a helping hand. Check out this week’s video: https://youtu.be/kBP3XG3IxjI 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 Join me on Twitter: https://www.twitter.com/dbarnett...
Preparing yourself to buy an online business. Goals/skills. 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. Website you're looking for: https://indemandcareer.com/ All of this year's recordings and previous years are available on this playlist: https://soundcloud.com/dbarnettmoncton/sets/holiday-...
New equipment financing can also be a tool to help you get a down payment to buy a business. Two strategies on using new equipment financing to help work out a deal to buy a business. One more risky than the other. Check out this week’s video: https://youtu.be/CErCwjd28V0 Learn how to buy an already-successful and profitable business 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...
Find Mason's book and more at https://www.amazon.com/shop/davidbarnett New Livestream guest- Mason Harris, The Chutzpah Guy! I’m happy to have Mason Harris join me on a live broadcast. Mason Harris is a motivational speaker and author. Tune in and as we’ll be discussing Chutzpah, Guts, Stones, Balls, whatever you want to call it. I read the book and I liked it. This is a ‘must see event’ for anyone who needs to do something that is a little scarry. Be sure to join live so that you can ask questi...
Finding local investing deals. 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-issues These calls are only available...
A planned receivables reduction can also generate cash. If the business is giving people time to pay, maybe you can change this and raise extra cash to buy the business. I’ll explain what to look for in a target business to see if this is even possible. I offer a risky, and more risky way to pull this off. Check out this week’s video: https://youtu.be/grWJ7GaUdFw Learn how to buy an already-successful and profitable business even in the covid-recession https://www.BusinessBuyerAdvantage.com Book...
