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   

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   

"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   

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

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   

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   

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