Sunday, October 22, 2017

Avoid Scams When Buying a Business — How To Buy a Business



Have you ever had that sinking feeling in your stomach when you realize that you’ve made a big mistake or someone has taken advantage of you?

It happens. 

Sometimes we make a mistake.  Sometimes we buy something on sale that can’t be returned and it doesn’t fit.  Sometimes we pay money for something that ends up being garbage.

It’s quite different, however, when we realize that someone has taken advantage of us.

Unfortunately, I have had many occasions where I’ve shown people that they’ve been taken advantage of and it’s not pleasant.  Often it leads to anger and a feeling of defeat- ‘How could I have let this happen to me?’

A viewer asked me to help show how people can avoid scams when buying a business.  I put this video together to review the most common ones that I’ve seen over the years. 

Please like and share and post to groups, etc so that others can avoid these costly traps.  Watch it here: https://youtu.be/p8fDN2QkgoQ



Want to buy a business in the next year? Join the 2018 Buy a Successful Business Accelerator Program: http://www.investlocalbook.com/p/2018-group.html (Still spots left as some successful appliants haven't paid their registration fee yet.)

-or- join the legions of small business buyers who are learning what they need to know so they can avoid a bad deal.  They’re taking my online course at www.BusinessBuyerAdvantage.com

Do you have a business to sell?  Visit www.HowToSellMyOwnBusiness.com and learn how I can help you sell.

FREE- Download a copy of my e-book; 12 Things to do Before You Consider Selling Your Business. (No, I will not put you on an e-mail marketing list)


Thank you and I’ll see you next time.

Wednesday, October 18, 2017

John Lim and I discuss business purchase as a way to leave a corporate job and my own struggles.



Find it here:


If you're interested in hearing my 'back story' of how I ended up on the internet helping people buy and sell businesses, this is the listen for you.

John's audience are people planning to move forward through a change and I discuss the changes I had to adapt to in my career.

Sunday, October 15, 2017

Who’s Counting the Inventory in that Business you’re Buying and why it Matters- How to Buy a Business



Who doesn’t love coming in after hours and counting all the stuff on the shelf?

Unfortunately, most people who own businesses hate doing inventory.

It’s so distasteful that an entire industry has sprung up to do it for people.. these businesses are populated mostly by moles and other nocturnal creatures since inventory counting is mostly done overnight.

One local office here where I live hosts a team of inventory counters who assemble at dusk, ride a bus together to their temporary haunt, then scurry and scratch their way through mountains of precious goods.  You can almost hear them saying.. ‘oooh my precious!’

Of course, if a small business owner wants to avoid the effort and cost of counting inventory, they can just make up the numbers.  And many do just that!

Then there are the other, more treacherous reasons for making up inventory figures.

So what does this mean for someone trying to buy a business?  What hazard does poor inventory counting create to the investigative small business buyer?

Watch this video as I explain the relationship between inventory and COGS and why it’s so important and what you can do if it’s all messed up: https://youtu.be/6KVAKRjTUtY



Do you have a business to sell?  Visit www.HowToSellMyOwnBusiness.com and learn how I can help you sell.

Want to buy a business in the next year? Join the 2018 Buy a Successful Business Accelerator Program: http://www.investlocalbook.com/p/2018-group.html (Still spots left as some successful appliants haven't paid their registration fee yet.)

-or- join the legions of small business buyers who are learning what they need to know so they can avoid a bad deal.  They’re taking my online course at www.BusinessBuyerAdvantage.com

FREE- Download a copy of my e-book; 12 Things to do Before You Consider Selling Your Business. (No, I will not put you on an e-mail marketing list)


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.

Thank you and I’ll see you next time.

Tuesday, October 10, 2017

John Lagoudakis and I discuss buying and selling businesses online.



John and I discuss the buying and selling of online businesses.  Listen to his story as he describes an online business being destroyed by a change over at Google.  Interesting.



Sunday, October 8, 2017

Why aren't millenials buying Baby Boomer's Main St. Businesses? Zombies.



Hallowe’en is just around the corner so I thought it would be fitting to discuss Zombie Businesses again.

A zombie business is one which is full of dead capital.  Wealth that is generating no return for it’s owner.

This week my video discusses an article that asks if Millenials will be taking over the Main St. businesses of the Baby Boomers.

Well, not if they’re undead.

Watch as I explain what’s wrong with this hardware store in Massachusetts:  https://youtu.be/uCSTCS2z3tk



Do you have a business to sell?  Visit www.HowToSellMyOwnBusiness.com and learn how I can help you avoid being the owner of a Zombie Business.

Want to buy a business in the next year? Join the 2018 Buy a Successful Business Accelerator Program: http://www.investlocalbook.com/p/2018-group.html

FREE- Download a copy of my e-book; 12 Things to do Before You Consider Selling Your Business. (No, I will not put you on an e-mail marketing list)

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.

This fall I’ll be in Moncton, NYC & Toronto.  Find out more and sign up at http://davidbarnett.eventbrite.com


Thank you and I’ll see you next time.

Saturday, October 7, 2017

Sunday, October 1, 2017

Earn money from home on the Interwebs! - How to Buy a Business Warning



Have you ever dreamed of buying a money-making website and earning cash from the comfort of home?

Recently I’ve been speaking to more and more people about both buying and selling online businesses.

Clinton Lee has been making money online since the late 90s.  In my discussion with him this week, we talk about the history of the online marketplace for website businesses.

The insights Clinton delivers will be shocking to many of you and I certainly learned many things… mostly tragic.

Tune in and listen as Clinton and I discuss the purchase and sale of online businesses and some of the special hazards that exist to people participating in this market.

Watch as we talk this wild west market:  https://youtu.be/neLe9jNdj6k



Want to buy a business in the next year? Join the 2018 Buy a Successful Business Accelerator Program: http://www.investlocalbook.com/p/2018-group.html

Learn more about how to buy a business: www.BusinessBuyerAdvantage.com

FREE- Download a copy of my e-book; 12 Things to do Before You Consider Selling Your Business. (No, I will not put you on an e-mail marketing list)

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.

This fall I’ll be in Moncton, NYC & Toronto.  Find out more and sign up at http://davidbarnett.eventbrite.com


Thank you and I’ll see you next time.