Sunday, December 31, 2017

2017 Small Business Selling Disaster Stories. Don't Let this Happen When You Sell. How To sell your small business


Let’s end the year with some funny stories of people trying to sell their business.

Some may not seem so funny if you’ve made these mistakes.  Hopefully, if you watch my videos you won’t be doing any of these unfortunate things.

From over-valuations to mishandled private information to the misunderstanding of a little word, here are three stories of botched small business sales from 2017…

Watch the video: https://youtu.be/32Fn_QUTElE



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 done on Jan 31, 2018.

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

Thank you and I’ll see you next time.

Sunday, December 24, 2017

What Small Business Owners should be asking Santa for Xmas this year…


Did you make your list for Santa yet?

In preparation for my appearance on the Jon Sanchez show for listeners in Reno, Nevada I put together this smallbiz Xmas wish list.

It’s an awesome list of the things to sort out in your business to be better off in 2018.

Unfortunately, Jon mostly wanted to talk about the Trump Tax changes so the good entrepreneurs of Reno didn’t hear the whole list!

You can. Just watch me tell you all about it here: https://youtu.be/gQ1ozYSvPLs



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

Learn to buy a business at http://www.BusinessBuyerAdvantage.com

Learn to sell a business at http://www.HowToSellMyOwnBusiness.com

Get your business organized at http://www.EasySmallBizSystems.com

I’ll be in #Toronto May 2018 to help you get your business organized, easier to run and ready for maximum value.  Amazing guest offers and early registration discounts are in effect but are LIMITEDRegister today. (Virtual Attendance Options Available)

Thank you and I’ll see you next time.

Thursday, December 21, 2017

Sunday, December 17, 2017

J's Business Buying Disaster- How to Buy a Business- Businesses for Sale


One of my YouTube viewers bought a business earlier this year and will soon likely be going #bankrupt.

He wrote me a couple of weeks ago:

David, 

I used to watch your videos a lot about a year ago when I was contemplating buying a business.

I should have bought your course and that is one of my biggest regret. Now I am in a big hole with [business] that I purchased.

The deal was bad for me. Now I am not making any money.

I'd like to have a phone call with you and see what my options are.

J.

I took the time to give J. a call and discuss what happened. There were a bunch of problems with the business and the way in which he was 'shepherded' through the buying process.

Many of the people he thought were working for his interests were not. He will now have to figure out how to grow fast with no further investment or start making plans for going under.

Learn more about what happened by watching this video: https://youtu.be/-CF-b7QdctQ



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

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 Some are learning how to get ahead of brokers with my Prepare to Buy a Business: The Next Step.  Also on the same site.

Do you have a business to sell?  Visit www.HowToSellMyOwnBusiness.com and learn how I can help you sell.  While you’re there… 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.

Sunday, December 10, 2017

Can a person with bad credit get a loan? -How To Buy a Business.



Can a person or business get a loan if they have bad credit?

This week I take a look at a question posed on Quora.com about how a person with a poor credit score can get a loan.

The ensuing discussion is about the 5 C’s of lending and they apply equally to personal and business borrowing.  Do you know what the 5 C’s are?

If you think you’ll need a loan one day or if you’ve read my book Invest Local and you want to become a lender then I think you’ll enjoy this one.

Improve your character now by watching the video here: https://youtu.be/UQ4yhKBVnzI



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

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 Some are learning how to get ahead of brokers with my Prepare to Buy a Business: The Next Step.  Also on the same site.

Do you have a business to sell?  Visit www.HowToSellMyOwnBusiness.com and learn how I can help you sell.  While you’re there… 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.

Sunday, December 3, 2017

How and Why can a shareholder's ownership become watered-down? Share Dilution



Remember that scene in The Social Network when one of Mark Zuckerberg’s original partners found out that the shares that were once like 30% of FaceBook had suddenly become like 2% of FaceBook?  How does that happen?

In the movie, Zuckerberg is made to look like an opportunist who took advantage of his former partner.  In many businesses, dilution of an ownership position happens by design and with purpose.
In fact, all the greatest companies you know have had shareholders dilute their positions over time to facilitate the incoming capital that they needed to grow. 

This week I answer a question about how share dilution can happen in a small business and why it can be something that the founding shareholders may wish to happen.  It’s a follow up question to the video I did last year about how many shares a small business should have which you can find here: http://www.investlocalbook.com/2016/12/over-last-two-weeks-ive-had.html

Watch the video before if becomes too watered-down: (ha!) https://youtu.be/FtogXYXCC1s



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

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 Some are learning how to get ahead of brokers with my Prepare to Buy a Business: The Next Step.  Also on the same site.

Do you have a business to sell?  Visit www.HowToSellMyOwnBusiness.com and learn how I can help you sell.  While you’re there… 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.