Business Mastermind Group vs. The Ice Storm! - Planning helps you achieve success.

Thinking about what I want to achieve and making plans to get there have always been critical to my success.

This past weekend, I did a two-day retreat with my business mastermind group.  We reviewed our goals from 2016 and made new ones for 2017.  We then meet monthly all year to keep each other on track.

When I returned from my Charlottetown seminars on Tuesday night the city had no power. Me and my kids have been comfortable, however, for the last two days because I had set personal goals relating to preparedness in the past. 

I have heat and hot water while most of my neighbours do not.

There are some things that I’ve got planned in my business for 2017 that will be exciting for some of you on this list.  I’m going to be turning some of my books into audiobooks and I’m making a new online course.  Watch the video to learn more: https://youtu.be/Rs-QMHtIIf0

Learn how to buy a business at www.BusinessBuyerAdvantage.com where you can access tons of information and enroll in my online course.

In fact, it’s such a great value I may increase the price again shortly.  (The course works out to about $20/hr. and comes with a 30-day money-back guarantee!)  You can see how my whole buyer system works in this video from four weeks ago: https://youtu.be/ooixMSaFf6Y

Please remember to like and share this article, it’s the only way the people who run the internet have of knowing if the content is any good or not. The more you share, the more likely someone who needs this information will be able to find it.

Look just to the left of this post and sign up for my weekly e-mail to receive my videos three days before they go public as well as other exclusive offers. Easy unsubscribe at any time as I use MailChimp.

I’m coming to Saint John, NB on March 1st.  Seats are already filling up.  Find all my live events here: http://davidbarnett.eventbrite.ca

Thanks and I’ll see you next time.

Partnership and Shareholder Agreements

People know that relationships can come to an end.

You need to protect yourself.

Getting the right paperwork in place when you start a business partnership doesn’t have to be hard and it can help avoid some pretty awful headaches down the road.

I’ve been getting a lot of work lately helping people navigate their way out of a partnership.  I made this video to explain one of the most critical tools you want to have available if you get into business with someone else.  Watch it here: https://youtu.be/WvLFlct227o

Learn how to buy a business at www.BusinessBuyerAdvantage.com where you can access tons of information and enroll in my online course.

In fact, I often roll my eyes like a snooty teenage girl at people who claim to want to buy a business who seem unwilling to invest a few hours into learning how to do it correctly.  I mean, come on; like seriously?  (The course works out to about $20/hr. and comes with a 30 day money-back guarantee!)  You can see how my whole buyer system works in this video from three weeks ago: https://youtu.be/ooixMSaFf6Y

Please remember to like and share this article, it’s the only way the people who run the internet have of knowing if the content is any good or not. The more you share, the more likely someone who needs this information will be able to find it.

Go to www.DavidCBarnett.com and sign up for my weekly e-mail to receive my videos three days before they go public as well as other exclusive offers. Easy unsubscribe at any time as I use MailChimp.

I’m coming to Charlottetown, Prince Edward Island in January 2017 and Saint John, NB on March 1st.  Seats are already filling up.  Find all my live events here: http://davidbarnett.eventbrite.ca

Thanks and I’ll see you next time.

David Barnett talks to Natural Born Coaches Host Marc Mawhinney

I took some time to speak with Marc Mawhinney about consulting, coaching, knowing what you're worth and planning to live the lifestyle that your business can provide.

Learn more and listen here: 

http://www.naturalborncoaches.com/podcasts/episode-485-david-barnett-knowing-worth/

Stephane visits the banker. How can he prepare to ask for a business purchase loan?

How many at-bats can you get with your banker? Better be prepared!

This week’s question comes from Stephane who wants to know how best to prepare for speaking to a banker about a business acquisition loan.

It’s much like everything else in life, there’s preparation, then lots of practice.

This means studying your forecasts and the subject business and industry.  Reading and learning lots.  Maybe a speech to your cat on the topic.

If you’re setting yourself up for life as a business owner, then you should have people around you to help ‘play banker’ and get you ready.  If not, then a membership application to the Kiwanis, Rotary or another club may be in order.

When it comes time to speak to your first banker though, many people haven’t thought of this preparation trick that I’ve used for years.  I made a video to tell you all about it.  Watch here: https://youtu.be/RZt7rOhLrWo

Learn how to buy a business at www.BusinessBuyerAdvantage.com where you can access tons of information and enroll in my online course.

In fact, I often tease and poke fun at people who claim to want to buy a business who seem unwilling to invest a few hours into learning how to do it correctly.  I mean, come on, seriously?  (The course works out to less than $20/hr. and comes with a 30 day money-back guarantee!)  You can see how my whole buyer system works in this video from two weeks ago: https://youtu.be/ooixMSaFf6Y

Please remember to like and share this article, it’s the only way the people who run the internet have of knowing if the content is any good or not. The more you share, the more likely someone who needs this information will be able to find it.

Sign up to my e-mail list on the left of the screen. Easy unsubscribe at any time as I use MailChimp.

I’m coming to Charlottetown, Prince Edward Island in January 2017 and Saint John, NB on March 1st.  Seats are already filling up.  Find all my live events here: http://davidbarnett.eventbrite.ca

Thanks and I’ll see you next time.

Chris Buys a Construction Company - Watch out for this Hazard- How To Buy a Business

My first viewer question of 2017 is from Chris who plans to buy the construction company he currently works in. 

I still need more questions for my weekly e-mails so if there’s anything you’d like to ask, please put it in the comments or send me an e-mail.

Chris and his boss have decided to wait until February to begin their discussions since this is when business will be slower and he and the owner will have more time.

Chris is busy doing research about how he could improve the business after he is the owner.  He wanted to ask what kinds of things he should be doing.

Having lots of ideas about how you’re going to improve a business you’re going to buy is a great idea.  I’ve often said that the future is the reason why you want to buy a business; to improve it and make it more valuable.

There are certain dangers, however, in getting excited about a business that isn’t quite yours yet.  Learn my concerns in this video I made: https://youtu.be/wowZG3yFqLk

My biggest piece of advice for anyone who wants to buy a business is to learn how such deals are done.  Many people think they know what to expect but after doing a few dozen transactions myself and advising on over a hundred more I can tell you that most people are unprepared.

Learn how to buy a business at www.BusinessBuyerAdvantage.com where you can access tons of information and enroll in my online course.

In fact, I often question the seriousness of people who claim to want to buy a business who seem unwilling to invest a few hours into learning how to do it correctly.  (The course works out to less than $20/hr.)  You can see how my whole buyer system works in this video from last week: https://youtu.be/ooixMSaFf6Y

Please remember to like and share this article, it’s the only way the people who run the internet have of knowing if the content is any good or not. The more you share, the more likely someone who needs this information will be able to find it.

Go to www.DavidCBarnett.com and sign up for my weekly e-mail to receive my videos three days before they go public as well as other exclusive offers. Easy unsubscribe at any time as I use MailChimp.

I’m coming to Charlottetown, Prince Edward Island in January 2017 and Saint John, NB on March 1st.  Seats are already filling up.  Find all my live events here: http://davidbarnett.eventbrite.ca

Thanks and I’ll see you next time.

How can I help this UK couple buy a business?

I received a wonderful e-mail from a UK couple asking for my help to buy some businesses.

Hi David 

I am based in the UK and have been watching your videos over the past 3 months and must say you are the most authentic trainer that I have come across 

I am keen to develop my business of buying companies flipping some and keeping some to build a portfolio 

I currently run a catering company with my wife and we would like to build a portfolio of companies around this business focused on Events Management - I also have experience in the Pharmaceutical Industry and would like to explore opportunities in that sector as well. 

I would be grateful if you can let me know how best you can help me in my Journey 

It always feels great to read that my work is appreciated.

In fact, it’s for people like this UK couple that I created my Business Buyer Advantage program over two years ago. 

It takes my day-long workshop and makes it into an online course that students can study at their leisure.

It’s also an incredible value.  Let me show you how by watching this video: https://youtu.be/ooixMSaFf6Y

In fact, I often question the seriousness of people who claim to want to buy a business who seem unwilling to invest a few hours into actually learning how to do it correctly.  (The course works out to less than $20/hr)

You can check it out for yourself at www.BusinessBuyerAdvantage.com

Please remember to like and share this article, it’s the only way the people who run the internet have of knowing if the content is any good or not. The more you share, the more likely someone who needs this information will be able to find it.

Sign yourself up to my weekly e-mail list and get these videos a week before anyone else. Sign up to the left.

I’m coming to Charlottetown, Prince Edward Island in January 2017 and Saint John, NB in March.  Seats are already filling up.  Find all my live events here: http://davidbarnett.eventbrite.ca

Thanks and I’ll see you next time.