Would you sell your right to choose a supplier? — How to Manage a Small Business

Would you accept $50,000 from someone just so they could be your sole source of seafood?

A conversation with restaurant consultant Rick Nicholson was sparked this week when he was helping a client deal with out-of-control food costs relating to a supplier advance.

Many people get into trouble with money when they lack the tools to properly understand and make good business decisions.

Rick and I discuss the problems with food distributors ‘helping’ struggling restaurants in this week’s video.

Watch as we talk about supplier financing to restaurants:  https://youtu.be/bqOF-dUVUyc

Want to buy a business in the next year? Join the 2018 Buy a Successful Business Accelerator Program: http://www.investlocalbook.com/p/2018-group.html

FREE- Download a copy of my e-book; 12 Things to do Before You Consider Selling Your Business. (No, I will not put you on an e-mail marketing list)

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.

This fall I’ll be in Moncton, NYC & Toronto.  Find out more and sign up at http://davidbarnett.eventbrite.com

Thank you and I’ll see you next time.

Justin has me on with the Growth Now Movement podcast

We discuss making a move and doing something with your life.  How to buy a business.

Listen here:

Is there Goodwill in a Business that sells by Contract? How To Buy a Business

Goodwill is the value which ends up being paid for a business that has built up a regular clientele.  

It’s the difference between the value of the business’ cash flow and the value of it’s tangible assets.

But what if the goodwill is literally in the head of the owner of a business?  What if the profits are attributed to this person’s cunning as a shrewd manager or salesperson?

How does the buyer pay for goodwill if the loss of the owner may mean the loss of business?

This is particularly true of businesses that live or die by their ability to win contracts for trade work.

Watch as I discuss this particular issue:  https://youtu.be/V-ejWqEQL3c

Want to buy a business in the next year? Join the 2018 Buy a Successful Business Accelerator Program: http://www.investlocalbook.com/p/2018-group.html

FREE- Download a copy of my e-book; 12 Things to do Before You Consider Selling Your Business. (No, I will not put you on an e-mail marketing list)

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.

This fall I’ll be in Moncton, NYC & Toronto.  Find out more and sign up at http://davidbarnett.eventbrite.com

Thank you and I’ll see you next time.

Are you ready to buy a successful business in 2018? -How to Buy a Business

You’ve been waiting for this, now is your chance.

If you’ve been one of my viewers who really, really, really, really knows that they want to become a business owner but haven’t been able to make it happen, pay close attention.

My 2018 Buy a Successful Business Accelerator Program may be for you.

It’s a year-long program and it’s only for 8 people.

We will work together as a team and get you moving through the steps to actually prepare, find deals, go and meet sellers and make offers and do a deal.

You’ll get direct instruction from me and accountability from the group.  Your very own team to help you get over the hump.

If you think it’s for you, apply here: https://goo.gl/forms/voPqu5sbPyV85JCz1

Thank you and I’ll see you next time.

How to analyze one location of a chain of businesses when the financials are all mixed up- How to buy a business

Byron wants to know how to understand what’s going on in one branch of a multi-branch business when there are no records kept breaking out sales by location.  Tough problem.

We’ve all seen multi-location businesses in most cities and towns.  What happens if you want to buy just one location but the owner is all mixed up with record keeping?

It actually happens all the time for different reasons.

You would think that the owner would want to know how each location is performing with respect to the rest.  Well they do, but that is because they have a perspective you do not.

Watch as I discuss one of my favourite solutions to this problem:  https://youtu.be/ef_vu8epGpA

Join the small army of smart business people who’ve learned how to buy a business successfully with my Business Buyer Advantage Program.  You can access the course at www.BusinessBuyerAdvantage.com and learn more about how it works from this video I made in the spring: https://youtu.be/ooixMSaFf6Y

FREE- Download a copy of my e-book; 12 Things to do Before You Consider Selling Your Business. (No, I will not put you on an e-mail marketing list)

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 to the left and sign up for my weekly e-mail. Easy unsubscribe at any time as I use MailChimp and I’m not interested in harassing people who don’t want to hear from me.

If you’re into podcasts, you can now easily subscribe to the audio of all my new videos on iTunes.

This fall I’ll be in Halifax (www.ceed.ca), Moncton, NYC, Toronto.  Find out more and sign up at http://davidbarnett.eventbrite.com

Thank you and I’ll see you next time.