Finding the right Business if you've only ever been an employee

How do you know what kind of business to buy if you’ve only ever been an employee?

Martin sends us this question.

He wants to be a business owner but is unsure what kind of business to buy.

I’ve gathered an expert panel including my buddy Rick whose made big changes in his own business life and career coach Betty Kempa.

Watch the video, I’m sure you’ll enjoy the discussion: https://youtu.be/-QbauTxAqrY

Learn how to buy a successful business at 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   

#entrepreneurship #smallbiz #business

David appears on Buying Online Businesses

Jaryd and I talk about making sure your business doesn't end up being just a job...

Listen here: https://buyingonlinebusinesses.com/podcast/ep-020-never-buy-job-david-barnett/

Removing the Mental Barriers to Success

Removing Mental Limits to Success

Nick Egan uses his study of Buddhism to help show readers how the issues and obstacles of business may be within our own minds.

This is the stuff he uses every day with his coaching clients to help them achieve growth.

I enjoyed reading Shift.

Many of the ideas are not new to me but a refresher is always welcome.

My big takeaway… we colour our world with ‘stories’ or mental programs that we carry with us and rarely challenge.

Also, I learned about meditation and it seems that I may already be doing this in my own way… maybe you are too.

Get a copy of the book here: https://amzn.to/2Sw2tTI (yes, it’s an affiliate link)

Watch the video, I’m sure you’ll enjoy the discussion: https://youtu.be/gBbMbsU7Swg

Learn how to buy a successful business at 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   

#entrepreneurship #smallbiz #business #meditate #buddhism #coaching

Summer report- 4 Businesses under LOI.

I hope you’re not too hot this summer.

The people in the Business Buyer Adventure group sure are.

Lots of activity going on including four businesses under LOI- An active entertainment business, a pet shop, an online business and a language business.

I must tell you though, there are some changes coming to this group program in September.

Namely the monthly billing option will likely be disappearing and I’m introducing tiers of membership.

Learn all about what’s going on in the update video: https://youtu.be/9lON2B4dJZQ 

Join the group.  Meet others like you who want to take action to buy a successful business.

Participate in our group calls and learn from other member’s deals.

Sign up here: https://gum.co/BizBuyerAdventure 

Top Factors to watch when you’re running a business

Eric wants to know the top things to watch when tracking a business’ performance.

The best place to watch your business is from the financial statements!

You need to have the right data at the right time.

Otherwise you don’t know if you have a pricing, purchasing or overhead problem.

It’s the biggest problem I see in most small businesses.

Watch as I share some insights from my experience with some sample financials: 

https://youtu.be/9jpNizbGibk

Learn how to buy a successful business at 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   

#entrepreneurship #smallbiz #business #margin #grossprofit #financials #overhead

Small Business Struggles and Testing Markets

How to tell if a business is struggling AND how to test if there is a market for a business.

This week I answer two questions from Eric:

Can you tell if a business is having trouble just from a visit?

How can you test the market for a business?

I explain one of the signs I look for in a business that shows they’re short of cash.

The answer to the second is to make a sale before you invest in anything else.

Watch as I share some insights from my experience: https://youtu.be/-QQyx_F4RTg

Learn how to buy a successful business at 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   

#entrepreneurship #smallbiz #business #market #sales #failure

How hard is it to find comparable transaction data when buying a business?

It’s pretty easy.

You just open your wallet and pay to access a private transaction database.

BUT- then you have to know how to deal with the bits of data you’ll find in there.

AND- that’s the problem.

See what I say about the issues here: https://youtu.be/ANKKqemYCTs

Learn how to buy a successful business at 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   

#entrepreneurship #smallbiz #business #comparables #sampletx #buyabiz