The lowdown on Small Business Peer to Peer Lending in Canada

Peer to peer lending has been around in the USA and UK for over 10 years. 

Basically, it allows business owners to seek financing directly from local investors who can contribute as little as $25 to a loan. 

LendingLoop.ca is the first platform to do this in Canada and I had the chance to interview the CEO, Cato Pastoll about their successes and challenges in Canada’s very unique securities regulatory environment.

Listen in on my conversation with Cato Pastoll about how you can use P2P lending platforms to make investments in businesses and fund your SmallBiz expansion or refinancing: https://youtu.be/Q0IAOtLBAPg

Learn how you can make local small business investments with my online course at www.LocalInvestingCourse.com .

My comprehensive program has been used by people all around the world.  There’s no risk at all for you to enroll as the program comes with a 30 day money-back guarantee. 

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.

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I’m coming to Toronto on May 10, 2017.  Seats are already filling up.  Find my current and future live events here: http://davidbarnett.eventbrite.ca .    

June 5, I’ll be back in Halifax doing two workshops at CEED.  Learn to Buy a Business or Plan your Exit.

Thanks and I’ll see you next time.

Find a business to buy BEFORE it's 'For Sale.' -How To Buy a Business

Ian wrote to me to ask how he can find business owners to speak to before they put their business up ‘for sale.’

It’s a smart strategy. 

Business brokers often tempt sellers to list their business in the hopes that the broker will be able to create a competition amongst buyers which drives up the price of the business.

If a buyer can meet a seller before they go to the broker, a deal can be made that may result in a lower business price for the buyer -AND- savings to the seller in the form of not paying any broker’s commissions.

Often it ends up being a win-win scenario.

The problem for Ian is determining which businesses to approach and HOW to approach the owners while being perceived as credible and capable of buying the business. 

This is why I made ‘The Next Step,’ my 12-step self-serve coaching program for finding target businesses and contacting their owners.

Check out how I can help you find businesses to speak to BEFORE they’re on the market: https://youtu.be/TtcLDxsmtOI

Doing the legwork to find a business before it goes on the market can be very rewarding.  Learn more about my online course and The Next Step at www.BusinessBuyerAdvantage.com.

My comprehensive program has been used by hundreds of people and I have yet to meet a dissatisfied customer.  There’s no risk at all for you to enroll as the program comes with a 30 day money-back guarantee.  You can see how my whole buyer system works in this video from a few 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.

**Summer reading special. Get all 4 of my books (Invest Local, Franchise Warnings, Credit Card Advantage and How To Sell My Own Business) for one low price with FREE WORLDWIDE SHIPPING. Just in time for summer.  [Order here]

I’m coming to Toronto on May 10, 2017.  Seats are already filling up.  Find my current and future live events here: http://davidbarnett.eventbrite.ca .    

Thanks and I’ll see you next time.

Have you read this?

Hi, Jon drove all the way from Prince Edward Island to come to my workshop on March 31.  Over two and a half hours in the car. He enjoyed the workshop and wrote to me a few times with ideas afterwards.  He also left the workshop with all four of my books. Invest Local, Credit Card Advantage, Franchise Warnings and How To Sell My Own Business. He just finished reading Credit Card Advantage and sent me this amazing note about how the book will affect his lobster-trap business: "You're one smart bugger mister man! I'm reading your books now, i'd never thought of credit card payment deferral like that, i drew out a time line and i figured out a way to make my dollar go further, i think i can build 1000 traps with $14,000 using deferral strategy instead of the 420 i normally would have been able to build with the $15,000 sitting in the account i set aside for traps. 238% increase in production? Its 2.38 times as many traps built with 1000 less dollars anyways lol" Do I need to say anything else? Have you read it? Get your copy today:   Download the .pdf   Order the Softcover Book   Also available from Amazon.com, Amazon.ca in Softcover and Kindle. Summer Reading Special.  All 4 of my print books delivered to you with FREE WORLDWIDE SHIPPING.  Order here before it's done. TORONTO: I'll be in Toronto May 10 doing an evening workshop 'How to Buy a Successful Business This Year' Sign up and learn more.

Are you ready to be the Boss? How to Buy a Small Business - David C Barnett

Shawn wrote to me and asked how he can measure if someone is really ready for the challenges of being an entrepreneur. 

It’s a great question.

When I was a business broker I also wanted to know if people were ready to be business owners.  Especially those civil servants with fat pay cheques, great benefits and an awesome pension waiting in their future.

Would this person really quit all of that to get into the uncertain life of a small business owner?

To determine if I was dealing with someone serious or not, I developed a couple of tests that I could use to see if someone had the guts to be their own boss.

Check out how I measured ownership-readiness in this video: https://youtu.be/tJuCAlwidRE

Sleepless nights will be the least of your worries if you make a major error and overpay for a business.  You need to learn what you’re doing. My online course teaches what most people need to know to spot a bad deal.  Learn more at www.BusinessBuyerAdvantage.com.

My comprehensive program has been used by hundreds of people and I have yet to meet a dissatisfied customer.  There’s no risk at all for you to enroll as the program comes with a 30 day money-back guarantee.  You can see how my whole buyer system works in this video from a few 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.

**Summer reading special. Get all 4 of my books (Invest Local, Franchise Warnings, Credit Card Advantage and How To Sell My Own Business) for one low price with FREE WORLDWIDE SHIPPING. Just in time for summer.  [Order here]

I’m coming to Toronto on May 10, 2017.  Seats are already filling up.  Find my current and future live events here: http://davidbarnett.eventbrite.ca .    

Thanks and I’ll see you next time.

How to Build a Team to Buy a Business- How to Buy a Business- David C Barnett

Brandon wants to know how to build a team to buy a business.

It’s a great question because this is a project one doesn’t do alone.

There are lawyers, accountants, brokers, appraisers, etc. All kinds of people to help you get the job done.

The problem that I see, however, way too often is people who are hiring ‘experts’ without properly checking out whether they know their stuff or not.

In this week’s video I explain, for example, why not all accountants are up to the task of helping you buy a business.  Watch and find out what I’m talking about.

Watch the video here: https://youtu.be/RXIlyXrGj5Y

My online course discusses team building at length.  Learn more at www.BusinessBuyerAdvantage.com.

Teams are only one aspect of the complex task of buying a business.  My comprehensive program has been used by hundreds of people and I have yet to meet a dissatisfied customer.  There’s no risk at all for you to enroll as the program comes with a 30 day money-back guarantee.  You can see how my whole buyer system works in this video from a few 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.

I’m coming to Toronto on May 10, 2017.  Seats are already filling up.  Find my current and future live events here: http://davidbarnett.eventbrite.ca .    

Thanks and I’ll see you next time.

The 'How of Business' with Henry Lopez. We talk about buying an active and successful business.

Listen to this great interview I did with Henry Lopez from The How of Business podcast.

Henry and I talked for over an hour about buying a business.

Listen here:
 http://thehowofbusiness.com/episode-099-david-barnett/