Saturday, June 24, 2017

Johnathan G and I rock it about buying businesses and systems on The Blind Entreprneur

I had a great video interview with Johnathan G on his program; The Blind Entrepreneur.

He's not actually blind, as you will see.  We talked about buying, selling and putting systems into a SME to make it better.  It was really a great interview and I had a lot of fun.

You can listen at the podcast link below or watch the video here:




Friday, June 23, 2017

Wednesday, June 21, 2017

Steve Kidd and I discuss how you can get a business ready to sell.


Steve Kidd, The Thriving Entrepreneur, and I discuss how systems make a business easier to run and more desirable for buyers.  Listen here:

http://www.blogtalkradio.com/thriving-entrepreneur/2017/06/20/how-to-buy-or-sell-a-business-in-a-powerful-dynamic-way-with-david-barnett

Learn more about how easy it is to get systems into your existing small business at www.EasySmallBizSystems.com

Sunday, June 18, 2017


Don’t you love the smell of fresh bread?

It’s almost as good as the smell of money, isn’t it?

A YouTube viewer wants to know my opinion of bread routes.  It’s a simple little business where you deliver bread to local stores on behalf of a commercial bakery.

It makes their distribution easier since they don’t have to manage a fleet and since the delivery people are their own boss, fewer employees too.

So, is this a good kind of business for someone to get into?

Watch what I think of bread routes and other distribution route businesses in this new video I made: https://youtu.be/o3-bBxmfcT8



Learn how to buy a business successfully with my Business Buyer Advantage Program.  You can access the course at www.BusinessBuyerAdvantage.com and learn more about how it works from this video I made a few weeks ago: https://youtu.be/ooixMSaFf6Y

Please remember to share this article, it’s the only way the people who run the internet have of knowing if the content is any good or not. The more you share, the more likely someone who needs this information will be able to find it.

Go to the form on the left and sign up for my weekly e-mail. Easy unsubscribe at any time as I use MailChimp and I’m not interested in harassing people who don’t want to hear from me.

If you’re into podcasts, you can now easily subscribe to the audio of all my new videos on iTunes.

This summer & fall I’ll be in St. John’s, Halifax (www.ceed.ca), Moncton, NYC, Orlando & Toronto.  Find out more and sign up at http://davidbarnett.eventbrite.com


Thank you and I’ll see you next time.

Thursday, June 15, 2017

I discuss pet businesses with Bella on her pet-friendly podcast.

bella-pet-sitting-industry-podcast-album-cover


Bella helps her clients with their pet-industry businesses.   I took some time to speak to her about buying and selling a pet business.






Wednesday, June 14, 2017

Sunday, June 11, 2017

No Sales? No Problem, Right?!? The issue of 'pre-revenue' startups.


How much is your new SAAS worth before you sign up any customers?


Don’t know what a SAAS is? Don’t worry.

Quick on the heels of last week’s article and recording about valuing online businesses, I feel that I need to clear the air on how to put a price on a pre-revenue startup.

I hesitate to use the term ‘business’ for these speculative ventures since I like my businesses to have cash flows attached to them.

Learn more about my ornery, old-man type opinions that would likely be considered quite ignorant and rude in Silicon Valley circles.

You can see/listen on YouTube right here: https://youtu.be/8oZGp1ejo6E



Learn how to buy a business successfully with my Business Buyer Advantage Program.  You can access the course at www.BusinessBuyerAdvantage.com and learn more about how it works from this video I made a few weeks ago: https://youtu.be/ooixMSaFf6Y

Please remember to like and share this article, it’s the only way the people who run the internet have of knowing if the content is any good or not. The more you share, the more likely someone who needs this information will be able to find it.

Look to the left and sign up for my weekly e-mail. Easy unsubscribe at any time as I use MailChimp and I’m not interested in harassing people who don’t want to hear from me.

If you’re into podcasts, you can now easily subscribe to the audio of all my new videos on iTunes.

This summer & fall I’ll be in St. John’s, Halifax (www.ceed.ca), Moncton, NYC, Orlando & Toronto.  Find out more and sign up at http://davidbarnett.eventbrite.com


Thank you and I’ll see you next time.

Monday, June 5, 2017

Monday morning radio.. Some great questions from Dean Rotbart.




Dean hosts an amazing show and is a skilled interviewer.  I spoke to him about systems in a business and the difference between businesses, jobs and hobbies.

See the article and show notes here.


Sunday, June 4, 2017

Valuing Online Businesses - How to buy a business - How to sell a business


What’s with all the internet entrepreneurs suddenly coming out of hiding and looking for my advice?

In the last few weeks I’ve heard from several online business people who need help in determining a value for their business.

What is it worth and why is it different from a real-world business? 

There is so much crazy buzz out there about how to put a price on these .com companies that I felt I had to address it in an audio recording.

You can see/listen on YouTube right here: https://youtu.be/04OCZBcvVws



Learn how to buy a business successfully with my Business Buyer Advantage Program.  You can access the course at www.BusinessBuyerAdvantage.com and learn more about how it works from this video I made a few weeks ago: https://youtu.be/ooixMSaFf6Y

Please remember to like and share this article, it’s the only way the people who run the internet have of knowing if the content is any good or not. The more you share, the more likely someone who needs this information will be able to find it.

Look to the left... sign up for my email list. You'll get all the videos in your inbox before they go public.

If you’re into podcasts, you can now easily subscribe to the audio of all my new videos on iTunes.

This summer & fall I’ll be in St. John’s, Newfoundland, NYC, Orlando & Toronto.  Find out more and sign up at http://davidbarnett.eventbrite.com

Thank you and I’ll see you next time.

Thursday, June 1, 2017

I speak with Robert Mallon from the Lions Den for Businessmen



I spent some time with Robert Mallon discussing how one builds a business that someone will want to buy.  Check it out.


Monday, May 29, 2017

The Ready-Made Mastermind with David Shriner-Cahn

I had a great interview with David Shriner-Cahn about mastermind groups.

I know several of you have seen my videos over the years talking about the value I find in my own group.

In this podcast, David and I share our insights into how to create a mastermind and we also tell you how you can work with us and learn to build your own mastermind group to enhance your business.



Check out the recording here:


Then join our group over the next several weeks and benefit from your own mastermind program at www.MastermindGroupSystems.com 

Sunday, May 28, 2017

Are you an idiot according to Wayne? How to Buy a Business




I got a great piece of feedback the other day on YouTube.

Wayne tells me that ‘any idiot’ can put a deal together to buy a business without using their own money otherwise ‘leveraged buy outs’ would not exist.

This week I’ll explain to you what a leveraged buy out is, how it works, and we’ll see if a person with no money could actually pull it off.

I know that you’re all anxious to find out if you’d be an idiot under Wayne’s definition.
It’s all in this video right here: https://youtu.be/UrBLOtRY0OI



Learn how to buy a business successfully with my Business Buyer Advantage Program.  You can access the course at www.BusinessBuyerAdvantage.com and learn more about how it works from this video I made a few weeks ago: https://youtu.be/ooixMSaFf6Y

Please remember to like and share this article, it’s the only way the people who run the internet have of knowing if the content is any good or not. The more you share, the more likely someone who needs this information will be able to find it.

If you’re into podcasts, you can now easily subscribe to the audio of all my new videos on iTunes.

This summer & fall I’ll be in St. John’s, Newfoundland, NYC, Orlando & Toronto.  Find out more and sign up at http://davidbarnett.eventbrite.com

Thank you and I’ll see you next time.

Saturday, May 27, 2017

Stephanie and Anna Scheller, The Black Belt Selling Team interview me about buying businesses.

Anna and Stephanie wanted to learn about buying businesses and things owners could do to make their business more sell-able. Check out this great interview.




Learn how you can make your business more sell-able by doing my latest online course: Build a Business That People Will Want to Buy.  Get it now.


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Thursday, May 25, 2017

I catch fire with John Lee Dumas...

I discuss buying a business as an alternative to starting one and highlight the importance of actually starting and getting into the game of business....  23 minutes.

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Sunday, May 21, 2017

Private loans to community groups- Invest Local Private Deals



Ian has an opportunity to lend money to a not-for-profit community group.  Is this a good idea and what about security, foreclosure, etc?

I’ve had the chance to be involved with a few situations which involved community groups borrowing money, some worked out ok, some did not.

Direct lending can create a great opportunity for returns, but only if you’re prepared for all the things that could go wrong and you’ve prepared yourself properly.

Learn more in this video where I talk about my experiences with community groups borrowing money: https://youtu.be/_OYrCpPW004



Learn how to make money with private loans and leases by reading my 2014 best-selling book, Invest Local, or my taking my online course at www.LocalInvestingCourse.com where you get hours of video tutorials and all the documents and paperwork that I used in my own deals. 30-day guarantee, no risk for you.

Please remember to like and share this article, it’s the only way the people who run the internet have of knowing if the content is any good or not. The more you share, the more likely someone who needs this information will be able to find it.

Sign up for my weekly e-mail. Easy unsubscribe at any time as I use MailChimp and I’m not interested in harassing people who don’t want to hear from me.

If you’re into podcasts, you can now easily subscribe to the audio of all my new videos on iTunes.


Thank you and I’ll see you next time.

Sunday, May 14, 2017

City Zoning Rules Drama- Don't get distracted from what is important in your Small Business- SmallBiz Management


I’ve heard that you can’t fight city hall.

I’ve never tried.  I believe in keeping light on your feet and moving fast.

When I had a conversation with the owner of a small manufacturer, I was reminded why I often advise businesses to lease property instead of owning.  It gives you more flexibility.

This guy had a problem with zoning and needed help so he could mortgage the building and get operating capital.

My red flags went up and within a few questions I had identified the real problem… one he was working hard to avoid.

As one of my favourite authors, Ayn Rand, once said, ‘you can ignore reality, but you can’t ignore the consequences of ignoring reality.’

Learn more in this story I tell about the businessman so concerned about zoning that he forgot why he was in business: https://youtu.be/lwORvoJ_xeY



Make your business easier to run, more profitable and more easily sold when the day comes by implementing the 13 steps of my Build a Business That People Will Want to Buy System.  Learn more and enroll at www.EasySmallBizSystems.com. 30-day guarantee, no risk for you.

Please remember to like and share this article, it’s the only way the people who run the internet have of knowing if the content is any good or not. The more you share, the more likely someone who needs this information will be able to find it.

Go to www.DavidCBarnett.com and sign up for my weekly e-mail. Easy unsubscribe at any time as I use MailChimp and I’m not interested in harassing people who don’t want to hear from me.

If you’re into podcasts, you can now easily subscribe to the audio of all my new videos on iTunes.

Thank you and I’ll see you next time.

Saturday, May 13, 2017

My audio feed is now on iTunes. Do you listen to podcasts?

Resultado de imagen para itunes logo

If you listen to podcasts on your smartphone, you can now 
follow the audio of my videos and more via iTunes.



If you use another podcast catching app, you can use this RSS feed URL to subscribe to my feed.

Sunday, May 7, 2017

What is debt-service coverage ratio and why does the banker care?



A YouTube viewer asked me, ‘…when my banker says that the business is overpriced and the debt-service coverage ratio doesn’t work, what does it mean and should I just try other banks?’

Basically, bankers are concerned that there is enough cash left after expenses to make their loan payments... plus a little extra for unforeseen expenses. Pretty good idea, eh?

So how can an owner ask so much for a business that there isn’t even enough cash to make the loan payments? I’ve seen it happen over and over and over and over and over again.

Watch and see how this happens and why you need to understand how to spot these bad deals before they waste a bunch of your time and your bankers.

Learn more in this video I made about DSCR.. https://youtu.be/Q1yOzL73zCo



Educate yourself about buying a business before you waste a bunch of your time and money on crappy deals.  Learn more about my online course at www.BusinessBuyerAdvantage.com.

My comprehensive program has been used by hundreds of people who now know how to avoid crappy deals and save their time.  There’s no risk at all for you to enroll as the program comes with a 30 day money-back guarantee.  You can see how my whole buyer system works in this video from a few weeks ago: https://youtu.be/ooixMSaFf6Y

Please remember to like and share this article, it’s the only way the people who run the internet have of knowing if the content is any good or not. The more you share, the more likely someone who needs this information will be able to find it.

Look to the left... sign up for my e-mail list.  Easy unsubscribe at any time as I use MailChimp and I’m not interested in harassing people for who don’t want to hear from me.

**Summer reading special. Get all 4 of my books (Invest Local, Franchise Warnings, Credit Card Advantage and How To Sell My Own Business) for one low price with FREE WORLDWIDE SHIPPING. Just in time for summer.  [Order here]

I’m coming to Toronto on May 10, 2017.  Seats are already filling up.  Find my current and future live events here: http://davidbarnett.eventbrite.ca .    

Thanks and I’ll see you next time.

Wednesday, May 3, 2017

Sunday, April 30, 2017

The lowdown on Small Business Peer to Peer Lending in Canada



Peer to peer lending has been around in the USA and UK for over 10 years. 

Basically, it allows business owners to seek financing directly from local investors who can contribute as little as $25 to a loan. 

LendingLoop.ca is the first platform to do this in Canada and I had the chance to interview the CEO, Cato Pastoll about their successes and challenges in Canada’s very unique securities regulatory environment.

Listen in on my conversation with Cato Pastoll about how you can use P2P lending platforms to make investments in businesses and fund your SmallBiz expansion or refinancing: https://youtu.be/Q0IAOtLBAPg



Learn how you can make local small business investments with my online course at www.LocalInvestingCourse.com .

My comprehensive program has been used by people all around the world.  There’s no risk at all for you to enroll as the program comes with a 30 day money-back guarantee. 

Please remember to like and share this article, it’s the only way the people who run the internet have of knowing if the content is any good or not. The more you share, the more likely someone who needs this information will be able to find it.

Go to www.DavidCBarnett.com and sign up for my weekly e-mail. Easy unsubscribe at any time as I use MailChimp and I’m not interested in harassing people for who don’t want to hear from me.

I’m coming to Toronto on May 10, 2017.  Seats are already filling up.  Find my current and future live events here: http://davidbarnett.eventbrite.ca .    

June 5, I’ll be back in Halifax doing two workshops at CEED.  Learn to Buy a Business or Plan your Exit.


Thanks and I’ll see you next time.


Sunday, April 23, 2017

Find a business to buy BEFORE it's 'For Sale.' -How To Buy a Business


Ian wrote to me to ask how he can find business owners to speak to before they put their business up ‘for sale.’

It’s a smart strategy. 

Business brokers often tempt sellers to list their business in the hopes that the broker will be able to create a competition amongst buyers which drives up the price of the business.

If a buyer can meet a seller before they go to the broker, a deal can be made that may result in a lower business price for the buyer -AND- savings to the seller in the form of not paying any broker’s commissions.

Often it ends up being a win-win scenario.

The problem for Ian is determining which businesses to approach and HOW to approach the owners while being perceived as credible and capable of buying the business. 

This is why I made ‘The Next Step,’ my 12-step self-serve coaching program for finding target businesses and contacting their owners.

Check out how I can help you find businesses to speak to BEFORE they’re on the market: https://youtu.be/TtcLDxsmtOI



Doing the legwork to find a business before it goes on the market can be very rewarding.  Learn more about my online course and The Next Step at www.BusinessBuyerAdvantage.com.

My comprehensive program has been used by hundreds of people and I have yet to meet a dissatisfied customer.  There’s no risk at all for you to enroll as the program comes with a 30 day money-back guarantee.  You can see how my whole buyer system works in this video from a few weeks ago: https://youtu.be/ooixMSaFf6Y

Please remember to like and share this article, it’s the only way the people who run the internet have of knowing if the content is any good or not. The more you share, the more likely someone who needs this information will be able to find it.

**Summer reading special. Get all 4 of my books (Invest Local, Franchise Warnings, Credit Card Advantage and How To Sell My Own Business) for one low price with FREE WORLDWIDE SHIPPING. Just in time for summer.  [Order here]

I’m coming to Toronto on May 10, 2017.  Seats are already filling up.  Find my current and future live events here: http://davidbarnett.eventbrite.ca .    
Thanks and I’ll see you next time.

Wednesday, April 19, 2017

Have you read this?


Have you read this?

Hi,

Jon drove all the way from Prince Edward Island to come to my workshop on March 31.  Over two and a half hours in the car.

He enjoyed the workshop and wrote to me a few times with ideas afterwards.  He also left the workshop with all four of my books. Invest Local, Credit Card Advantage, Franchise Warnings and How To Sell My Own Business.

He just finished reading Credit Card Advantage and sent me this amazing note about how the book will affect his lobster-trap business:

"You're one smart bugger mister man! I'm reading your books now, i'd never thought of credit card payment deferral like that, i drew out a time line and i figured out a way to make my dollar go further, i think i can build 1000 traps with $14,000 using deferral strategy instead of the 420 i normally would have been able to build with the $15,000 sitting in the account i set aside for traps. 238% increase in production? Its 2.38 times as many traps built with 1000 less dollars anyways lol"

Do I need to say anything else? Have you read it?



Get your copy today:   Download the .pdf   Order the Softcover Book  

Also available from Amazon.comAmazon.ca in Softcover and Kindle.



Summer Reading Special.  All 4 of my print books delivered to you with FREE WORLDWIDE SHIPPING.  Order here before it's done.

TORONTO: I'll be in Toronto May 10 doing an evening workshop 'How to Buy a Successful Business This Year' Sign up and learn more

Sunday, April 16, 2017

Are you ready to be the Boss? How to Buy a Small Business - David C Barnett


Shawn wrote to me and asked how he can measure if someone is really ready for the challenges of being an entrepreneur. 

It’s a great question.

When I was a business broker I also wanted to know if people were ready to be business owners.  Especially those civil servants with fat pay cheques, great benefits and an awesome pension waiting in their future.

Would this person really quit all of that to get into the uncertain life of a small business owner?
To determine if I was dealing with someone serious or not, I developed a couple of tests that I could use to see if someone had the guts to be their own boss.

Check out how I measured ownership-readiness in this video: https://youtu.be/tJuCAlwidRE



Sleepless nights will be the least of your worries if you make a major error and overpay for a business.  You need to learn what you’re doing. My online course teaches what most people need to know to spot a bad deal.  Learn more at www.BusinessBuyerAdvantage.com.

My comprehensive program has been used by hundreds of people and I have yet to meet a dissatisfied customer.  There’s no risk at all for you to enroll as the program comes with a 30 day money-back guarantee.  You can see how my whole buyer system works in this video from a few weeks ago: https://youtu.be/ooixMSaFf6Y

Please remember to like and share this article, it’s the only way the people who run the internet have of knowing if the content is any good or not. The more you share, the more likely someone who needs this information will be able to find it.

**Summer reading special. Get all 4 of my books (Invest Local, Franchise Warnings, Credit Card Advantage and How To Sell My Own Business) for one low price with FREE WORLDWIDE SHIPPING. Just in time for summer.  [Order here]

I’m coming to Toronto on May 10, 2017.  Seats are already filling up.  Find my current and future live events here: http://davidbarnett.eventbrite.ca .    

Thanks and I’ll see you next time.