Friday, July 13, 2018

What did you do to buy a business this month?- How to Buy a Business




Hi,
Last month I launched my new Group Coaching program for people wanting to buy a successful business.
So far, we’ve had group calls, set goals, met some of the members, had some experts in to join us, and more.
Watch me talk about it here: https://youtu.be/BupZd9TQlws


If you want to be part of a team that is serious about buying a business, then take advantage of the launch deal.  Only the next 5 users will get the discount.


Friday, July 6, 2018

Do the frustrations, anxiety and stress of business make it worth it?


Hi there,


I received this question via email…

Running your own business brings added stresses, frustrations and anxieties.  what are the pluses you get from handling those negatives- John

Well, John, if your idea of running a business is all about bad stuff, then I don’t think you’re doing it right.

This week I recount all the reasons why I love to be in business for myself and talk about the most common thing I see that brings people anxiety and stress.




Learn how to buy a business: Sign up here: www.BusinessBuyerAdvantage.com

The new Business Buyer Adventure group coaching program is up and running. Take advantage of this special founder’s deal in the first two weeks of enrollment: https://gum.co/BizBuyerAdventure/Launchdeal

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

Friday, June 29, 2018

Collect your cash from the Florida beach while you minions toil.



Hi there,


Would you like to own a business where the seller only visits occasionally or checks in via phone from his Florida condo?

I bet we all would.

Do you know what you don’t see though? 

That owner has something you may not and without a careful inspection, your dream of being an absent owner can become a nightmare especially if something happens to that manager.

I’ve had several people reach out to me about ‘absentee owner opportunities’ and I wanted to share a few thoughts about how some businesses are able to operate with managers.




Learn how to buy a business: Sign up here: www.BusinessBuyerAdvantage.com

The new Business Buyer Adventure group coaching program is up and running. Take advantage of this special founder’s deal in the first two weeks of enrollment: https://gum.co/BizBuyerAdventure/Launchdeal

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

Friday, June 22, 2018

New Program to Help You Buy a Small Business



Hi,
As you may realize, I put together a year-long group coaching program to help people execute on the actual work involved in finding and buying a business at the end of 2017.
Some of the things I learned about that were:
1. People wanted the flexibility to start the group program whenever they wanted.
2. People didn't like the fixed length of the program.
3. People did like the fact that they would be working with other buyers.
4. People did like the fact that they would get more time with me and an inside look at their deals and those of the group members.

Here's what I've done...
I'm launching a new program called Business Buyer Adventure.
Watch me talk about it here: https://youtu.be/6MfXMWUP7_w



Get it? It's like an expedition or mission to use the talents and skills taught in Business Buyer Advantage and we go on this journey together.
One of the cornerstones of the Business Buyer Adventure program is The Next Step Preparation program.
Basically, The Next Step materials allow new members to catch up before joining our hunting party in the jungle.  
So, this new program incorporates this long-established self-coaching prep program within it and once you've done that, you can join the group accountability calls to keep you on track with the actions you need for success.

Now, here's what's important to you as a person who may wish to buy a business:
1. There is a 'founder special' for people who join the Adventure program in its' first few weeks.
2. This is a great deal since the regular price of the program is only USD$147/mo which is my hourly one-on-one consulting rate and you'll enjoy several hours of new content each month.
If you lock in this special deal, the price you pay now will continue FOREVER.  Even if you stay in for years.  The discount you're offered here today can even be compounded on the annual purchase which further reduces the cost of joining.

If you decide to join the Adventure, then use this link to buy it as it will give a special price in the first two weeks.
Learn More--Click it now to go to the product page where you can see a video which describes all the different information and community features of Business Buyer Adventure.

Friday, June 15, 2018

What kind of fuel goes in your George Jetson Flying Car?


Hi there,


Do you know what one of the neat things was about my recent trip to Europe? 

Many of the companions along for the trip were business owners and entrepreneurs.

It allowed for a lot of great conversations about the changes that are fast approaching in the world of business.

How will cities change with self-driving cars?  How will real estate prices change with more telecommuting and virtual tele-presence?

Listen to some of the opinions I heard from people who have chosen to get out of business..

Watch and learn: https://youtu.be/2gdoI_KGSOU



Learn how to sell your own business and not pay a broker’s commission.  Enroll here: www.HowToSellMyOwnBusiness.com

Learn how to buy a business: Sign up here: www.BusinessBuyerAdvantage.com

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

Friday, June 8, 2018

What is the collateral for a seller-financing note (VTB) ??



Hey everyone! 

Natalie and I just got back from an amazing trip to Croatia and Montenegro.  While there, one of my Balkan viewers, Tomo, submitted a question:

What serves as the collateral on a seller-financing note when buying a business?
Great question Tomo!

It’s exactly the same situation as when we buy a house or car.  It’s the thing we get that serves as collateral; The business.

So, why exactly, do so many sellers try to get buyers to pledge something else to be the collateral?

Watch and learn: https://youtu.be/CzbU6DCLsVo



Learn how to sell your own business and not pay a broker’s commission.  Enroll here: www.HowToSellMyOwnBusiness.com

Learn how to buy a business: Sign up here: www.BusinessBuyerAdvantage.com

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

Friday, June 1, 2018

Before the Exit- Vacation book review about selling your business


Hi there,


I’m writing you today from Split, Croatia.  The county is called Dalmatia.  This means the local people call themselves Dalmatians.  True thing!

While I was on one of my plane rides to get here, I took the time to read the new Kindle e-book; Before the Exit by Dan Andrews.

What an interesting personal story of going through his own business sale and the interactions with buyers, brokers and other professionals.

Dan explores the emotional side of selling a business and proposes a series of thought experiments that business owners should go through before making the decision to sell.

I’ve added it to my list of recommended books that you can find here: http://www.investlocalbook.com/p/usa-store.html

Listen to my full book review here: https://youtu.be/Kd3cSPMAcGE



Learn how to sell your own business and not pay a broker’s commission.  Enroll here: www.HowToSellMyOwnBusiness.com

Learn how to buy a business: Sign up here: www.BusinessBuyerAdvantage.com

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

Friday, May 25, 2018

Millennial Meltdown- Young Business Owner throws in the towel- Who's gonna save her?



Hi,

This week I spoke to a young woman in crisis! 

The problem? She was expected to be responsible and fix problems for her customers.  EEE-Gawd!

Seriously, this Millennial entrepreneur has realized that she doesn’t want anything to do with owning a business.

What are her options?  Is her barely-born business a saleable asset?

Also, (and more importantly) why doesn’t she already know the potential buyer of her customer list?




Three weeks ago in Las Vegas, I spoke about business promissory notes from the point of view of an investor who may wish to buy one.

I made a bootleg recording and for the month of May only it is included as a special bonus in my online exit-planning course.  Enroll here: www.HowToSellMyOwnBusiness.com

Learn how to buy a business: Sign up here: www.BusinessBuyerAdvantage.com

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

May 28th I’m in Toronto- Get your tickets today for a live or virtual attendance- Eventbrite.com

Friday, May 18, 2018

Buying a business with money FROM THE FUTURE (said in a mad-scientist voice)



Hey there,

This week I answer a question from a viewer about ways to pay for a business purchase based on the future performance of the business.

Sometimes called an earnout or a royalty.  These deals are for risky businesses and usually are a strategy for managing businesses with a lot of personal goodwill which may not transfer to a buyer.

How much is a business worth if the customers leave?  Let me show you what others have done to spread that risk back to the sellers.

If you’re a seller of this type of business, contact me to work on ways you can avoid having to accept an earnout offer.




Two weeks ago in Las Vegas, I spoke about business promissory notes from the point of view of an investor who may wish to buy one.

I made a bootleg recording and for the month of May only it is included as a special bonus in my online exit-planning course.  Enroll here: www.HowToSellMyOwnBusiness.com

Learn how to buy a business: Sign up here: www.BusinessBuyerAdvantage.com

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

May 28th I’m in Toronto- Get your tickets today for a live or virtual attendance- Eventbrite.com

Friday, May 11, 2018

Loose Lips Sink Bank Accounts- How to Buy a Business



Hey there,

This week I tackle a question from Ben who is concerned that he has to reveal too much information to business brokers before learning enough details about the business they have for sale.

What is a buyer to do?  Obviously, if the seller has all the details of your financial life then they can use this to negotiate a better deal for themselves.

What have I seen others do to protect themselves and what can happen if you reveal too much.
Watch, learn and hear the story of the buyer who revealed too much.




Last Saturday in Las Vegas, I spoke about business promissory notes from the point of view of an investor who may wish to buy one.

I made a bootleg recording and for the month of May only it is included as a special bonus in my online exit-planning course.  Enroll here: www.HowToSellMyOwnBusiness.com

Learn how to buy a business: Sign up here: www.BusinessBuyerAdvantage.com

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

Friday, May 4, 2018

3 Days in Vegas- My report on the 2018 Paper Source Note Symposium



Hey there,

Last week I was at the Paper Source Note Symposium in Las Vegas.

Wow! It was an awesome three days of meeting people, learning new things and sharing with new friends.

I took the time to make an audio diary of my experiences there so I could share with you.



On Saturday, I was one of the speakers and I spoke about business promissory notes from the point of view of an investor who may wish to buy one.

I made a bootleg recording and for the month of May only it is included as a special bonus in my online exit-planning course.  Enroll here: www.HowToSellMyOwnBusiness.com

If you want to improve your small business come meet me May 29 in Toronto (virtual attendance also available) Learn more here.

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

Tuesday, May 1, 2018

Stop Riding The Pine



Jamie and I discuss getting your business organized and looking at it without the rose-coloured glasses in this exciting episode of Stop Riding The Pine (hockey analogy meaning get in the game!)



Friday, April 27, 2018

John is a student with questions about how seller financing works… Listen



Hey there,

As I send this, I’m in Las Vegas at the PaperSource Note Convention.

It only seems natural that I should send out something to do with notes (or debts.)

So, I’m happy to let you know that John, a student from New York City, has sent me a list of questions about seller-financing notes.

Listen as I go through John’s list of questions concerning what happens when a business seller agrees to finance part of the purchase price of a business.

Remember, if you want me to answer your questions just send them in.  (Add cash if you want to skip to the top of the list 😉)




Learn to sell your business properly and take my online exit-planning course here: www.HowToSellMyOwnBusiness.com

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

Sunday, April 22, 2018

David talks business buy/sell on the MECE Muse Podcast


What a great interview with Christie. 
Great questions from Christie from the perspective of young consulting professionals.

Listen here:


Friday, April 20, 2018

Free your time & the truth about drop-shipping



Hey there,


This week I’m talking with Connor Gillivan about a couple of things including freeing up more of your time by hiring freelancers and assistants as well as the truth about online drop shipping businesses.

What about online drop shipping?  Connor pulls the curtain back on the get-rich-quick schemes being marketed about how easy it is to make money in this space.  Worth a watch.

Connor also gives us some insight into his current business of connecting small business operators with freelancers for both projects and regular service work.

Very insightful if you find you’re a little too busy lately.




Arrange a call with Connor here: calendly.com/connor-gillivan

Learn to implement properly documented processes into your small business at www.EasySmallBizSystems.com

---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 Toronto, and Las Vegas Baby.

Friday, April 13, 2018

Taking your name OFF the line.. Talk about Commercial Credit




Hey there,

How do you get credit in the name of your business which isn’t personally guaranteed or affecting your own personal credit score?

When your business has ‘grown up’ sufficiently, you may be able to unlock the doors of true ‘commercial credit.’

Today I’ve got Ty Crandall from Credit Suite on the line to discuss some of the things that commercial lenders everywhere look at and especially the new ‘online lending’ platforms.

You’ll want to take notes whether you’re in business today or you plan to be one day by buying an already existing business.




*** STARTS TUESDAY April 17, 2018--- Join me and 23 other amazing speakers to help your business at the 3 Day MBA virtual summit April 17-19, 2018.  It’s FREE to attend live and the recording package is super-reasonable if you want it.  Only $99. Learn more here: https://david9e4080.clickfunnels.com/3day-mba-2018ud8nhvth?affiliate_id=1028705



Learn to buy an already successful business by taking my online course at www.BusinessBuyerAdvantage.com

---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 Toronto, and Las Vegas Baby.



Friday, April 6, 2018

FREE Money from the Government to Buy a Business



What about FREE money?

I got a question from a YouTube viewer asking about government grants for buying businesses.

I’ve learned over the course of time that governments operate on their own time tables and with their own priorities.

Let me tell you about what I’ve learned about free money from the government…

(of course not getting into the politics of the fact that free money from the government is actually coming out of your neighbour’s pocket so it’s not really FREE is it??)




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

Join me and 23 other amazing speakers to help your business at the 3 Day MBA virtual summit April 17-19, 2018.  It’s FREE to attend live and the recording package is super-reasonable if you want it.  Only $99. Learn more here: https://david9e4080.clickfunnels.com/3day-mba-2018ud8nhvth?affiliate_id=1028705




Want to meet me in person?  In the next few months I’ll be coming to Toronto, and Las Vegas Baby.

Friday, March 30, 2018

Easter Jesus vs. Christmas Jesus- Small Business Style


Hoppy Easter!

Every time Easter comes along and people start talking about the resurrection of Christ I can’t help but remember the hilarious dinner scene in the movie Talladega Nights. 

Actors Will Ferrell and John Reilly get into a discussion about which Jesus they like better.  The Easter Jesus or the Baby Christmas Jesus.

So, If you happen to prefer Christmas over Easter, maybe you’d enjoy the last two years Christmas Small Biz videos while you spend time with family and friends over the long weekend.

Cheers

Christmas 2016- 12 Days of Small Business Mismanagement: https://youtu.be/A9KhBUfBhx4



Christmas 2017- Santa’s Small Business Wish List: 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

Join me and 23 other amazing speakers to help your business at the 3 Day MBA virtual summit April 17-19, 2018.  It’s FREE to attend live and the recording package is super-reasonable if you want it.  Only $99. Learn more here: https://david9e4080.clickfunnels.com/3day-mba-2018ud8nhvth?affiliate_id=1028705



Want to meet me in person?  In the next few months I’ll be coming to Toronto, and Las Vegas Baby.