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

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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.

Friday, March 23, 2018

What's better for an absent owner? A C-Store or a Restaurant? How To Buy a Business



This viewer has one simple question-

David, if I have to choose between a restaurant and a convenience store to buy as an absentee owner, which one makes the most sense?

Well, for this one we’re going to have to take a look at what the Big Boys do and try to understand why.




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

Friday, March 16, 2018

How does one go from selling real estate to selling businesses?


This week I take a few moments to address the questions of a Real Estate Broker who is thinking about offering Business Brokerage services.

I’ve made videos before about how Realtors are NOT Business Brokers and how different businesses are from buildings.

This week I discuss the differences in how these two types of intermediaries do business and approach things.

This viewer is facing a challenge if he wants to do things correctly as the culture and methods of these two types of business are very different.




Also, watch this older video about real estate agents selling businesses and something called the Dunning-Kruger effect. (sounds spooky, right?) Watch: https://youtu.be/s9HkiHiiEB0 



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

Friday, March 9, 2018

Money for Nothing and Chicks for Free- Dire Strait Business Buyer Mindset Issues


Why are some people writing me to ask about finding lenders who will lend them ALL the money they need to buy a business?

Why can’t I just roll over and agree that it’s perfectly normal for a broke person with no money to magically be able to go buy a business worth hundreds of thousands or millions of dollars all with borrowed money?

This week I made a video about being realistic in the process of buying a business and how some people will find themselves victims because of their mindset.

I take time out from my vacation to address the unwavering beliefs of one viewer. Watch: https://youtu.be/XV9cHTvj0dA



Find the ‘Villains’ book I speak of here: http://amzn.to/2G2rcZA

Watch ‘Buy a Business with No Money’ https://youtu.be/NVTgDT7Cc2g

Watch ‘Buy a Business with No Money II’ https://youtu.be/xZqJTa_YZj4

Watch ‘Leveraged Buy Outs’ https://youtu.be/UrBLOtRY0OI

Watch ‘Private Equity in Buying a Business’ https://youtu.be/5h_ouZ-sUoU

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



Friday, March 2, 2018

Why you should be concerned about whether your goodwill is personal or not. -How to Buy/Sell a Business


What’s the difference between business goodwill, personal goodwill and the accounting term goodwill?

As a buyer of a business, you want to be sure the goodwill is going to stay with the business that you’re buying.

This week’s question comes from a viewer who bought a business and then lost a big customer because the goodwill didn’t transfer.  What does that mean?

As a business owner, why does it matter if you possess the goodwill or if your business does?  It can make a huge difference when it comes time to sell the business or you try to grow.

Listen in as I discuss the difference between business and personal goodwill and what things you can do to either transfer it or move it. Watch: https://youtu.be/DEQAE2DbEQU



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***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 Toronto, St. Louis, MO and Las Vegas Baby.

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.

Monday, January 15, 2018

Henry Lopez and I discuss selling a business on The How of Business


I had a great chat in my second appearance on The How of Business with Henry Lopez.

Tune and and hear us talking about selling your business.



Find the interview and more at Henry's Podcast page: http://thehowofbusiness.com/episode-172-david-barnett/


Friday, January 12, 2018

How to handle Unequal partnerships- Partners Issues



I had a question from some clients in Florida who are buying a business. 

They want to form a partnership or corporation and each person is bringing different skills and amounts of money to the table.

How do you manage unequal partners who want to buy a business together?

I’ve run into these issues in my own deals and while helping others in the past. 

It takes a combination of understanding what ‘hats’ you’re wearing at different times as well as clearly identifying and accounting for the types of ‘equity’ each partner may be bringing to the table.

Watch as I discuss some of the solutions to these issues and the way we can think about them.  Your input is welcome.  Leave comments on the YouTube page.

Watch the video: https://youtu.be/nvzVuT8pRpU



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 at Eventbrite.com . (Virtual Attendance Options Available)

Thank you and I’ll see you next time.