Wednesday, August 5, 2020

Rob's secret formula to selling a lot of businesses. How to sell a business.



Rob’s Secret Formula to Sell a lot of Businesses

If you’ve been on my YouTube channel for long, you’ll realize that selling a business is hard and most never find a buyer.

How is it then that Rob Goddard’s Evolution CBS is so highly recommended in the UK’s middle market?

What is it that Rob does to sell almost all the businesses he has for sale that other brokers do not?

He’s tough on the sellers and he only takes the best accounts.

Do you think your business would qualify to be one of Rob’s clients?

After considering his list, many business owners will realize they’ve got a lot of work to do.

Check out the interview here: https://youtu.be/bzjrUZQsCWc


Learn how to sell your own small business at https://www.HowToSellMyOwnBusiness.com

Learn how to buy an already-successful and profitable business even in the covid-recession of 2020: https://www.BusinessBuyerAdvantage.com   

Book a call with me at https://www.clarity.fm/davidbarnett  

Stop missing my videos and other news. Join my email list here: https://www.DavidCBarnettList.com   

 


Wednesday, July 29, 2020

Moving to a new country to buy a business. Immigrant Investor. How to Buy a Business in a new land




Strategies to help you buy a business in another country

Going on vacation is exciting.

But what if your travels are more permanent in nature?

I’ve worked with people…

·       -Moving to Canada to buy businesses.
·       -People moving from America to more tropical places.
·       -Canadians moving to Europe.

All of them suffer the same problems.

It’s hard to know what you don’t know and when you’re ‘from away’ it’s hard to get trustworthy help
 to make sure you’re getting the right information.

Especially when dealing with foreign legal, government and/or banking issues.

Here’s my advice for anyone moving from one country to another to buy a business…: https://youtu.be/_GKwS5O_w6A



Learn how to buy an already-successful and profitable business even in the covid-recession of 2020: https://www.BusinessBuyerAdvantage.com   

Book a call with me at https://www.clarity.fm/davidbarnett  

Stop missing my videos and other news. Join my email list here: https://www.DavidCBarnettList.com   


Wednesday, July 22, 2020

I talk due-diligence of online assets with Brian Diener from Centurica.



Due-diligence for online businesses in Covidland.

Brian Diener is with Centurica, they’re due-diligence experts for online businesses.

I had Brian come to the Business Buyer Advantage group coaching program as July’s guest expert.

I wanted to invite him to the main YouTube channel to talk about what they’re seeing in the online business marketplace now that Covid has disrupted business around the world.

We also touched upon some of the issues and dangers in having a brick and mortar business pivot to online.

Check out the interview here: https://youtu.be/-nRhkZ_fjcI



Learn about the coaching program here: https://www.BusinessBuyerAdventure.com

Learn how to buy an already-successful and profitable business even in the covid-recession of 2020: https://www.BusinessBuyerAdvantage.com   

Book a call with me at https://www.clarity.fm/davidbarnett  

Stop missing my videos and other news. Join my email list here: https://www.DavidCBarnettList.com   


Wednesday, July 15, 2020

What can we learn by analyzing the data of the Business For Sale market? With Clinton Lee.


Observing the market of Businesses for Sale

Clinton Lee has been involved in buying and selling businesses for DECADES.

This UK entrepreneur has built a very interesting business for himself in helping mid-market firms choose the right advisors to sell.

I caught up with Clinton because he’s started a neat project of gathering and analyzing the changes to the business for sale listings over time.

He’s going to give us some insights into what the data says and how this information can help people become better buyers and sellers.

Check out the interview here: https://youtu.be/M1u6s9UTZzs



Learn how to sell your own small business at https://www.HowToSellMyOwnBusiness.com

Learn how to buy an already-successful and profitable business even in the covid-recession of 2020: https://www.BusinessBuyerAdvantage.com   

Book a call with me at https://www.clarity.fm/davidbarnett  

Stop missing my videos and other news. Join my email list here: https://www.DavidCBarnettList.com   


Wednesday, July 8, 2020

What business owners/sellers should be thinking about retirement planning... with Justin Goodbread


Retirement Planning for Business Owners

Justin has owned and sold several businesses of his own and now helps business owners get ready to retire.

It’s not anything like what happens for employees.

How do you build a retirement plan around the fact that so few businesses are actually sold?

It means working on the business needs to be part of the retirement plan!

It may also mean that what you invest the rest of your money in may be quite different than the average saver… because of the private company risk exposure in the business you own.

Check out the interview here: https://youtu.be/xUrwKMWP_oc



Learn how to sell your own small business at https://www.HowToSellMyOwnBusiness.com

Learn how to buy an already-successful and profitable business even in the covid-recession of 2020: https://www.BusinessBuyerAdvantage.com   

Book a call with me at https://www.clarity.fm/davidbarnett  

Stop missing my videos and other news. Join my email list here: https://www.DavidCBarnettList.com   


Wednesday, June 24, 2020

Spotting problems with franchises with Joel Libava- The Franchise King.


Spotting Franchise Trouble

Joel Libava is known as The Franchise King.

How did he earn such a moniker?

It’s because of his years ‘in the trenches’ of the franchise industry.

This week’s interview was inspired by a YouTube comment asking ‘Dave, how do we tell if a franchise has problems or not?’

I directed the question at Joel and learned a tremendous amount about his experience, why he changed his business model and the types of things you should be doing when trying to understand if a specific franchise system is for you.

Now, ready yourself to be in the midst of his majesty, Joel Libava, Franchise King: https://youtu.be/vFJ9nGkiL_k



Learn how to buy an already-successful and profitable business even in the covid-recession of 2020: https://www.BusinessBuyerAdvantage.com   

Book a call with me at https://www.clarity.fm/davidbarnett  

Stop missing my videos and other news. Join my email list here: https://www.DavidCBarnettList.com   


Wednesday, June 17, 2020

"Buy a Business for No Money" Guru Consumer Experience



The pitfalls of Zero Down get rich quick schemes.

Wouldn’t it be great to be able to get a successful business for FREE?

Zero-Down Business Buying Guru Carl Allen tried to get onto my YouTube channel.

I asked to go through his program first to make sure I liked it.  He REFUSED.

So, I did the next best thing, I found one of his past students who explained what it was like to study under Carl.

Along the way, we mention Gordon Bizar, Carl Allen, Moran Pober, Dan Lok and Dan Pena.

Please, please, please if you enjoy this video and my efforts at exposing these schemes like the video and leave a positive comment.

I fully expect that they will be making complaints about me to the authorities at YouTube.

Watch and learn about Carlos’ experience with these programs and their sales techniques: https://youtu.be/qw08jJsr46s



Learn how to buy an already-successful and profitable business even in the covid-recession of 2020: https://www.BusinessBuyerAdvantage.com   


Tuesday, June 16, 2020

Debt traps when buying a business

At the beginning of March, I traveled to Kitchener, Ontario to talk about debt traps when buying a business with Ontario Bankruptcy Trustee Doug Hoyes.  It turned out to be a great show and my first recording in what appears to be a 'real studio.'


The Debt Free in 30 channel has lots of great guests and is also a podcast on iTunes and other services. Find the YouTube channel here: https://www.youtube.com/channel/UCmBd1vf4gtOj8QE5JdiNFRQ

Wednesday, June 10, 2020

Shahara Wright. Texas Small Business Attorney on changing agreements during the Covid-19 Recession.



Bust a deal, face the Wheel!

Remember that Mad Max film; Beyond Thunderdome?

It may be feeling like the end of the world out there but if who parties need to bust a deal, they still don’t have to face the wheel.

This week, I interview Texas small business attorney Shahara Wright about the considerations we need to take when altering a contract.

This is happening a lot as a result of the pandemic.

Tune in and see what Shahara has to say about contracts and what she’s seeing amongst her clientele in Texas: https://youtu.be/K7IrcezlI9E



Learn how to buy an already-successful and profitable business even in the covid-recession of 2020: https://www.BusinessBuyerAdvantage.com   

Book a call with me at https://www.clarity.fm/davidbarnett  

Stop missing my videos and other news. Join my email list here: https://www.DavidCBarnettList.com   


Wednesday, June 3, 2020

Using machinery for collateral when borrowing to buy a business - Buy a business with no money




Using machinery for collateral when borrowing to buy a business.

Some people online say it’s easy to use a business’ equipment and other assets to borrow to fund an acquisition.

Is this really true?

This week I explain the different definitions of value and we’ll see if ‘Asset Based Lenders’ are truly the answer to getting ‘no-strings attached’ money to buy a business.

Watch as I explain how a pizza oven can have many different values depending on what’s happening:  https://youtu.be/hojEFy-pFtc



Learn how to buy an already-successful and profitable business even in the covid-recession of 2020: https://www.BusinessBuyerAdvantage.com   

Book a call with me at https://www.clarity.fm/davidbarnett  

Stop missing my videos and other news. Join my email list here: https://www.DavidCBarnettList.com   


Wednesday, May 27, 2020

Managing collections and getting paid with Stephen King. Manage your SME.


The cheque is in the mail…

Today I’m joined by Stephen King from https://www.growthforce.com/

Stephen has a varied background in business and accounting and works with SMEs on providing services and information to help them run a better business.

Today we discuss getting PAID!

Your business does the work, but when do you get paid and how do you manage this when crazy things like global pandemics pop up.

Surprisingly, he doesn’t suggest hiring Pennywise the clown to make your collection calls!

Receivables are an investment your business makes into the business of your customer.

How do you know when it’s ok to extend credit and how do you manage being told that the ‘Cheque is in the mail?’

Get a cup of coffee and join Stephen King and I for this interesting conversation about collections: https://youtu.be/u-eBNJD7iO0



Learn how to buy an already-successful and profitable business even in the covid-recession of 2020: https://www.BusinessBuyerAdvantage.com   **Now with a new section on buying distressed businesses.

Book a call with me at https://www.clarity.fm/davidbarnett  

Stop missing my videos and other news. Join my email list here: https://www.DavidCBarnettList.com   


Wednesday, May 20, 2020

Riches in the niches- How to make lots of money without competitors noticing.



Riches in the Niches…

What’s the difference between a product niche and a market niche?

In this video, I explain how not all highly specialized niches are attractive and what to look for if you’re trying to make boatloads of money while dodging competitors.

Also, it’s the last video that I made before the barbers closed.  


All future videos will feature ‘shaggy-haired Dave’ until covid restrictions ease up.

Sneak on over to this barely-visible market niche and watch the video:  https://youtu.be/40o5-3qzny0  

Learn how to buy an already-successful and profitable business even in the covid-recession of 2020: https://www.BusinessBuyerAdvantage.com   

Make the systems in your business better. https://www.EasySmallBizSystems.com

Book a call with me at https://www.clarity.fm/davidbarnett  

Stop missing my videos and other news. Join my email list here: https://www.DavidCBarnettList.com   


Wednesday, May 13, 2020

Raising funding from Family Offices with Richard Wilson- How to Buy a Business


The real ‘Rich Uncle Albert’

Maybe you’ve heard this story before.

A business buyer doesn’t have enough cash to do a deal on a great acquisition opportunity and so he needs to go and ask Rich Uncle Albert for help.

We don’t all have a rich uncle, but maybe we can meet someone just as useful in doing a business deal.

This week I talk with Richard Wilson from FamilyOffices.com about the types of investor that his organization caters to.

We also discuss what these folks are saying about the #CovidRecession.

Listen in as Richard and I discuss his wealthy private investor organization and what these rich folks really look for in a deal: https://youtu.be/e-0uDhNRNiE



Learn how to buy an already-successful and profitable business even in the covid-recession of 2020: https://www.BusinessBuyerAdvantage.com   **Now with a new section on buying distressed businesses.

Book a call with me at https://www.clarity.fm/davidbarnett  

Stop missing my videos and other news. Join my email list here: https://www.DavidCBarnettList.com   


Wednesday, May 6, 2020

Zombie Businesses, Zombie Capital, Dead Capital walking around- Business Valuation


Zombies coming out of your financial analysis…


Any good business buyer will spend time analyzing the financials of the business they are considering.

What happens when the cash flow produced by the business is really low, but the business contains assets clearly worth more money as used equipment?

Can a business like this really be worth 8X, 10X or 12X EBITDA?

This is another way to identify dead capital (or zombie capital) in a post-apocalyptically re-animated Corpus Corporate.

Grab you tomahawk and chainsaw and help me fight off the zombies in this new video:  https://youtu.be/IQTucDC4NsY



Learn how to buy an already-successful and profitable business even in the covid-recession of 2020: https://www.BusinessBuyerAdvantage.com   **Now with a new section on buying distressed businesses.

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

Take some time to organize your business properly https://www.EasySmallBizSystems.com

Book a call with me at https://www.clarity.fm/davidbarnett  

Stop missing my videos and other news. Join my email list here: https://www.DavidCBarnettList.com   


Wednesday, April 29, 2020

Doing what it takes for businesses to survive Covid-19 with Marco Robert


Check your ego at the door…

The market has changed for many businesses and some are in dire straights!

I met up with business turnaround coach Marco Robert to discuss the issues most commonly faced in troubled businesses and how this compares with the Covid-19 crisis.

What’s interesting is that the solution to survival is largely the same and it starts with rational actions taken for the survival of the business.

The execution of Sacred Cows.

And ignoring one’s ego.

Tune in and how businesses can survive Covid-19 by doing things most would not consider: https://youtu.be/9gnZQ4cyZV0



Learn how to buy an already-successful and profitable business even in the covid-recession of 2020: https://www.BusinessBuyerAdvantage.com   **Now with a new section on buying distressed businesses.

Take some time to organize your business properly https://www.EasySmallBizSystems.com

Book a call with me at https://www.clarity.fm/davidbarnett  

Stop missing my videos and other news. Join my email list here: https://www.DavidCBarnettList.com