Wednesday, October 20, 2021

Formula of the Zero Down Buy a Business Deal.

 

Wayne says its ok to buy a business with no money if the cash flows. Does it?

Videos mentioned within:

·         Non-Financial Considerations when you buy a small biz https://youtu.be/nV-h9tm1Gkk
·         Questions on Seller Financing https://youtu.be/YhEs5CG3uGs
·         Buy a Business with no money tab https://www.investlocalbook.com/p/buy-business-with-no-money.html
·         Using Machinery for collateral https://youtu.be/hojEFy-pFtc
·         Escape the Banker’s Rules Carefully https://youtu.be/W6WBiRp-LK4
·      Anatomy of a real no-money deal https://youtu.be/HLNmOvfok6A

Wayne suggests how to do a deal with no money.

It does make sense for a buyer, but what about the other players in this deal?

What do they think and how do you deal with their concerns?

Very important video, especially if you’re broke.

Watch this week’s video here: https://youtu.be/lx-Qyvh_ROA

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

Learn to sell your business https://www.HowToSellMyOwnBusiness.com

Build a proper cash flow forecast for any business https://www.BizPlanSchool.com

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

Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com

Friday, October 15, 2021

David joins Ted Leverette and Curt Maier to 'Sharpen Your Search.'

 Expect a few surprises. They might change your perception and increase your opportunity.

Ted's original YouTube Show notes:

People wanting to buy a business face may appear to be three insurmountable obstacles: • Business Brokers. • Buyer competition. • Poorly prepared and unrealistic sellers. In this presentation, you’re going to learn how to go over, around or through them. What about dealmaking during uncertain times? What's to know about searching/buying during a Seller's Market? Why am I not seeing enough of what I want to buy? How to get more and better deal flow? What about outsourcing search? Using/paying finders? How to handle question of net worth and available funds to source the acquisition? What about business brokers? Help or hinderance? Broker management: How to stay top-of-mind with all the other searchers out there? How to go about a proprietary search in the most efficient manner? Are there successful alternatives to drip campaigns? Who do brokers and sellers take more seriously? Self-funded people wanting to buy a business? Search Funders? $1 million business threshold. Adjustments / Add-backs? Business cycle and valuation? Please subscribe and email Ted Leverette from partneroncall.com to schedule a Zoom chat. Ted Leverette enables buyers of profitable small and midsize businesses in the USA, Canada, Australia and the U.K. to be the 1st choice of brokers and sellers, which results in more-profitable done deals sooner with less aggravation at lower cost. How? Read his how-to books. And then let him help you deploy proven best practices. Ted J. Leverette, The Original Business Buyer Advocate ® “Partner" On-Call Network, LLC Searcher and Transaction Advisory: Prepare-Search-Offer-Buy PartnerOnCall.com (Not a business broker; never have been.) Get these books on Amazon or PartnerOnCall.com 120 Financial Lifelines for Small Businesses (Free) How to Prepare Yourself and Find the Right Business to Buy How to Buy the Right Business the Right Way 21st Century Entrepreneur Ideas for Kids and Aspirational Adults (Free) How to Get ALL the Money You Want For Your Business Without Stealing It (USA and Canadian versions.)

Wednesday, October 13, 2021

Do Reps and Warranties have any value?

 


Alexia wants to know about the warranties offered by sellers.

If someone lies and costs you money, you sue them right?

But what if the solution costs more than the problem?

This is the issue with representations and warranties when we talk about small business transactions.

In order to deal with potential lies and misdeeds on the part of sellers, we need two powerful tools that we can use in the event there is a problem.

Watch here: https://youtu.be/LStVgWOM2LI

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

Learn to sell your business https://www.HowToSellMyOwnBusiness.com

Build a proper cash flow forecast for any business https://www.BizPlanSchool.com

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

Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com


Friday, October 8, 2021

I return back on Let's Buy a Business to discuss whether you can buy a business with no money down and much more.


I join host Ryan Condie for a fun conversation and we dive into whether small businesses are better investments than properties. We also discuss whether it's true that you can buy a business with zero down. Listen and find out. 

Wednesday, October 6, 2021

Losing your house in a bad deal.

JT wants to know about losing a house to the bank

Can someone lose their house to the bank in a bad deal?

It’s not something that usually happens if you buy right.

What I’ve seen more of is people losing a house after their business becomes more successful.

There is risk in business, you need to offset this in your dealings outside the business.

Watch here: https://youtu.be/XNzqWU1e9NU

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

Learn to sell your business https://www.HowToSellMyOwnBusiness.com

Build a proper cash flow forecast for any business https://www.BizPlanSchool.com

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

Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com 



 

Wednesday, September 29, 2021

Handing everything over after a business sale.

 

What if the suppliers won’t give you the same trade terms?

Steve wants to know what happens when a business is sold as far as transferring over the name and all the accounts.

What about customers?

What about suppliers?

What if they won’t give you the same terms?

What if they don’t like you?!?

Watch here: https://youtu.be/UJjtGc4pTxA

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

Learn to sell your business https://www.HowToSellMyOwnBusiness.com

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

Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com