Friday, February 23, 2018

How big should the deposit be when you buy a SmallBiz?- How to Buy a Business


Whenever you buy something big you need to give a deposit to show your good intentions, right? Maybe not.


I was asked about deposits when buying a business by a YouTube viewer recently and have a few ideas to share.

Some may get me in trouble with my business broker friends.

It’s all about managing your risk when making a deal and making sure your assets are protected at all times.

Watch the video: https://youtu.be/H9eqIaUFjP0



The special report I mention in the video can be purchased here: https://gumroad.com/l/BorrowFromBrokers

---Stop missing my videos and other news. Get on my mailing list and choose what interests you. http://eepurl.com/brqqjb

***Special Pricing on the www.3daymba.net event in St. Louis, MO. Ends Feb 28.  3 days of business focus, attention and ideas.  Worth the investment- Check out the speakers list.

Want to meet me in person?  In the next few months I’ll be coming to Moncton, New Brunswick, Saint John, New Brunswick,  Toronto, St. Louis, MO and Las Vegas Baby.

Friday, February 16, 2018

How expensive is the new matchup between big banks and Fintech? Watch..


If you watch business news you’ll see that so-called ‘Fintech’ companies are all the rage.

They make loans faster and easier because of ‘advanced algorithms’ which measure your creditworthiness by the number of likes your silly cat videos get on FarceBook.

Investors are pouring money into them and now big banks are teaming up with them to help small business owners finally get access to the money they need to grow their businesses.

But there’s a catch.  As you can well imagine.

Watch the video: https://youtu.be/YyrkeQK2NfE



Stop missing my videos and other news. Get on my mailing list and choose what interests you. http://eepurl.com/brqqjb

***Special Pricing on the www.3daymba.net event in St. Louis, MO. Ends Feb 28.  3 days of business focus, attention and ideas.  Worth the investment- Check out the speakers list.

Want to meet me in person?  In the next few months I’ll be coming to Bridgewater, Nova Scotia, Moncton, New Brunswick, Saint John, New BrunswickToronto, St. Louis, MO and Las Vegas Baby

Friday, February 9, 2018

Aligning employees with the goals of the company- How to Manage a Small Business


How do business owners align the interests and motivations of the employees with the business?

Motivated and engaged employees can do wonders for the bottom line.

I’ll share two stories with you about compensating employees with results-based pay.  One where I was an employee and one where I’m watching an organization change right before my eyes.

But be careful, sometimes companies with the best intentions create an environment where only the liars and cheaters win.

Watch the video: https://youtu.be/-Mh12SYZqEk



Stop missing my videos and other news. Get on my mailing list and choose what interests you. http://eepurl.com/brqqjb

***Special Pricing on the www.3daymba.net event in St. Louis, MO. Ends Feb 28.  3 days of business focus, attention and ideas.  Worth the investment- Check out the speakers list.

Want to meet me in person?  In the next few months I’ll be coming to Bridgewater, Nova Scotia, Moncton, New Brunswick, Saint John, New Brunswick,  Toronto, St. Louis, MO and Las Vegas Baby.

Wednesday, February 7, 2018

I join Ken Baker and discuss the purchase and sale of small businesses

Image result for go build your business logo

Ken and I discuss buying and selling a business along with the weather.

He introduces me as a business broker but we all know that I am not ;)

Quite a candid conversation... I didn't know he had hit 'record.' LOL



Friday, February 2, 2018

David Buys a Business for Passive Income- How to Buy a Business




So, If I was a business broker and I had all these sellers coming to see me, why didn’t I just buy some of the businesses and put managers in place so I could enjoy some passive income?

This week I’ve been asked why I was so foolish as to not take advantage of free money with no work.  Duh, I must have missed a lot of opportunities.

Seriously though, let’s examine this idea of being a passive investor who lets other people manage a small business for them.

Bonus: I’ll tell you the story of when I actually did pull off a deal like this and what the real-world results were.  Not so passive I’m afraid.

Watch the video: https://youtu.be/JEUCHjSFvBo



Stop missing my videos and other news. Get on my mailing list and choose what interests you. http://eepurl.com/brqqjb

Want to meet me in person?  In the next few months I’ll be coming to Bridgewater, Nova Scotia, Moncton, New Brunswick, Saint John, New Brunswick,  Toronto, St. Louis, MO and Las Vegas Baby.

Friday, January 26, 2018

Getting better processes, systems and tools for your business- Small Business Management


Anton wrote to simply ask me, ‘David, talk more about business systems.’

So why does this topic keep coming up?  Are people feeling disorganized?

What’s the difference between having business systems and what your business does today?

Is it really the system, or the fact that it’s documented, teachable and measurable?

Let me tell you the story of a system used in my business today and about a process and tool that I created for a business over a decade ago.

Watch the video: https://youtu.be/z12Dk_ysAyM



Stop missing my videos and other news. Get on my mailing list and choose what interests you. http://eepurl.com/brqqjb

Take advantage of the FREE #Toronto ticket offer:
1.      Buy my online business systems course at http://www.EasySmallBizSystems.com
2.      and the exit planning course at http://www.HowToGetOutOfMyBusiness.com
3.      and let me know at dbarnett@alpatlantic.com and tell me if you want a real or virtual ticket in May. 

Offer is OVER on Jan 31, 2018.

Don’t want the online courses but want to see me in #Toronto May 2018?  Register today at Eventbrite.com . (Virtual Attendance Options Available)


Thank you and I’ll see you next time.

Friday, January 19, 2018

Buy a business with little money while working a job. Sellers guarantee a sale.


What if you want to buy a business but don’t have the money and want to be sure you know how to manage it properly?

Maybe you need to buy it piece by piece over time while the seller is still there.

This week I answer a question about staged buyouts, sometimes referred to as an internal purchase or by many other names.  Essentially an employee buys the company over time, normally years.

What’s so great about this is that the company can actually finance its own purchase if it’s set up properly. 

Deals like this also help sellers manage the sale of their business without the risk of not being able to find a buyer.  This is a true succession plan for forward thinking business owners.

But you need the right kind of business.  You need a steady supply of profits and you have to be able to manage and make decisions which ensure profits every day or this may not work out as desired.

Watch the video: https://youtu.be/FmF7XJjXYhg



Stop missing my videos and other news. Get on my mailing list and choose what interests you. http://eepurl.com/brqqjb

Take advantage of the FREE #Toronto ticket offer:
1.      Buy the online business systems course at http://www.EasySmallBizSystems.com
2.      and the exit planning course at http://www.HowToGetOutOfMyBusiness.com
3.      and let me know at dbarnett@alpatlantic.com and tell me if you want a real or virtual ticket in May. 

Offer is OVER on Jan 31, 2018.


Don’t want the online courses but want to see me in #Toronto May 2018?  Register today at Eventbrite.com . (Virtual Attendance Options Available)


Thank you and I’ll see you next time.