Wednesday, May 22, 2019

Happy Birthday Adventure group!




Happy Birthday Adventure group!



A year! Can you believe it?

The Business Buyer Adventure group has been meeting for a year.

There are over 30 call recordings.

12 expert guest calls.

Oh, and BTW, the Financial Forecasting and Business Plan Writing program is also finished.

Learn all about what’s going on in the update video here: https://youtu.be/CgN9whTEcSY 



Join the group.  Meet others like you who want to take action to buy a successful business.

Participate in our group calls and learn from other member’s deals.

Sign up here:
https://gum.co/BizBuyerAdventure 

If you are ever going to have to make a presentation to investors or lenders one day, The Cash Flow Forecasting and Business Plan Writing program is for you… also if you just want to see if your expansion or new idea is even feasible.


Wednesday, May 15, 2019

The barbers landlord has a winning property investment strategy. How to Sell a Business



My Barber’s parking lot is full of potholes. 

Who’s gonna fix those terrible potholes?

I asked my barber and he told me an awesome story of a man who built up a business empire and successfully used that to buy dozens of properties.

He then sold the properties and now collects rent from the barber and many others like him.

What should business owners be thinking about if they plan to sell one day and own real estate in their business?

Get your clippers out and join me for the story here: https://youtu.be/17nE0zzweLQ 



Learn how to buy a successful business at https://www.BusinessBuyerAdvantage.com

Learn how to sell a business at https://www.HowToGetOutOfMyBusiness.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   

#entrepreneurship #smallbiz #business #barber #realestate #property #investor

Wednesday, May 8, 2019

Analysis of a real no-money business purchase. How to buy a Business How to Sell a Business



What if you want to buy a business and you have no money?

In this week’s video, I discuss an article which describes a real deal between an employee and a seller which required no money.

It’s a great example of what it takes to do a real no-money deal.

Join me on this open-road, big-rig adventure here: https://youtu.be/HLNmOvfok6A



Learn how to buy a successful business at https://www.BusinessBuyerAdvantage.com

Learn how to sell a business at https://www.HowToGetOutOfMyBusiness.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   

#entrepreneurship #smallbiz #business #trucking #business #nomoney

Wednesday, May 1, 2019

How to buy a business when you think a recession is coming.


What if you want to buy a business and you think a recession is on its way?

What should you look out for?

What special hazards exist?

Is it really any different than the normal caution a buyer should have?

Get out your Hobo cup and join me around the barrel fire as I tell you this tale: https://youtu.be/1MVbXYpYFCA



Learn how to buy a successful business at https://www.BusinessBuyerAdvantage.com

Get an Audible subscription and listen to my book Franchise Warnings: What you Really Need to Know Before you Buy for FREE.

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

Stop missing my videos and other news. Join my email list here: 


#entrepreneurship #smallbiz #business #recession #business

Wednesday, April 24, 2019

April 2019 Business Buyer Adventure Group Update



3 new members- I get to meet another Florida Man 😉

Hi,

3 new members.

Our first European member.

One new member gets a sanity check and avoids potentially overpaying for a business.

Learn what a banker really thinks of your deal and more.

Watch the complete update video here: https://youtu.be/-0qk66FIleo 



Join the group.  Meet others like you who want to take action to buy a successful business.

Participate in our group calls and learn from other member’s deals.

Sign up here:
https://gum.co/BizBuyerAdventure 

Also, find out what’s been going on in the Cash Flow Forecasting and Business Plan Writing Course.
 
If you are ever going to have to make a presentation to investors or lenders one day, this program is for you… also if you just want to see if your expansion or new idea is even feasible.


Wednesday, April 17, 2019

3 problems with using past transaction data to value a small business.



If we use the available data, can’t we just calculate the value of a small business?

This week, I dive into the Matrix-like sea of floating numbers that are swirling around the topic of business valuation.

Why can’t we just compare a business to the available transaction data?

Won’t a calculator simply tell us the business’ worth?

It’s not so easy, I’m afraid.

Let me explain to you the 3 problems with valuing a business using comparative data.

Watch as I analyze the data and give you my calculated response: https://youtu.be/1AZDWlyU6Sc



Learn how to buy a successful business at https://www.BusinessBuyerAdvantage.com

Get an Audible subscription and listen to my book Franchise Warnings: What you Really Need to Know Before you Buy for FREE.

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   

#entrepreneurship #smallbiz #business #valuation #business

Wednesday, April 10, 2019

Want to spot me on my next workout?


This week we get a question from Rick on YouTube.

He wants to know why there are so many fitness businesses up for sale?

Well, I’ve had the pleasure of working on several files for people trying to buy and sell fitness businesses.

As a business broker, a private transaction advisor and as a certified machinery and equipment appraiser.

These businesses have a unique feature going for them… which may ultimately work against them.

Watch as I bench-press this topic to new heights: https://youtu.be/AXVpEh7ZHvc



Learn how to buy a successful business at https://www.BusinessBuyerAdvantage.com

Get an Audible subscription and listen to my book Franchise Warnings: What you Really Need to Know Before you Buy for FREE.

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   

#entrepreneurship #smallbiz #business #college #business

Friday, April 5, 2019

Joel and I discuss selling a business with the coach and consultant in mind..



Thought you might be interested in something cool that I recently participated it?
I was recently interviewed by Joel Erway on his podcast Experts Unleashed which just went live today!
And, we talked about some really cool things that I don’t normally share.  
During the interview we touched on 
Journey into entrepreneurship and the art of dealmaking;
A “poorly” done deal and the risk of buying and selling business;
Break even point;
The most important elements of selling a business;
What should someone in the coaching or consulting space think of prior to taking steps towards selling?
Timeline for selling a business;
Is there such a thing as “too niche” or too small to sell?
What a sellable business looks like;
Listen to the market;
Positioning your business.

Thanks!
Find the recording here:

Wednesday, April 3, 2019

How do you make paid online advertising work for your business?



Hi Everyone,

You know those little ads that appear on the sidebar or in the search results of Google?

The ‘sponsored’ posts that are in your FaceBook feed?

I hear a lot of business owners complain about money being spent on this stuff with little in the way of measurable results.

Meet Richard.

He’s a marketing expert with years of experience in helping businesses encourage buyers to take action before the days of clicking on ads. 

He knows how to make ads that get people to call, write or drive over and visit a retail store.

Nowadays, he’s helping small business owners develop the skills to properly manage online advertising on their own.

I like him because he’s teaching people how to do things the right way, he’s not pretending that only he can follow a secret recipe.

Even if you don’t do it yourself, the knowledge he passes on will help you be a better buyer of digital marketing services.

Watch the video of our chat here: https://youtu.be/EHvNj6xAf3M


Check out Richard's presentation at https://www.slipstream-marketing.com/d

Learn how to buy a business at https://www.BusinessBuyerAdvantage.com

Get an Audible subscription and listen to my book 21 Stupid Things People do When Trying to Buy a Businesss FREE.

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

Stop missing my videos and other news. Join my email list here: www.DavidCBarnettList.com

#entrepreneurship #smallbiz #business #businessbroker #digitalmarketing

Monday, April 1, 2019

I'm pleased to announce the sale of my business.


When someone makes you the right offer… you take it.

I know this may come as a surprise to some of you.

But I haven’t been totally excited about my business for quite some time:
  • I get nervous on camera sometimes.
  • The YouTube trolls keep me up at night.
  • It’s a struggle to hang out with the kids everyday after school and get involved in all their activities and projects.
Lately, when I see people stuck in morning traffic headed to their office, I feel kinda jealous. (even though I’m enjoying my casual morning walk with coffee after leaving the kids at the crosswalk near the school.)

So, it was almost a relief when newly-minted Business Buyer Advantagegraduate Hector Cortez called me up and made a stunning proposal--

“David, I so thoroughly enjoyed your online training.  I feel that I now understand this process and I have the confidence to move forward and execute my first business purchase without the fear that I’ll get into a bad deal.

I can’t think of a more exciting idea than helping other people move forward on this same path.

So, here’s my proposal… I’d like to buy your business David.  What do you say?”

I didn’t know where to begin.

It was like Hector had reached out to me on the very day that I was thinking about taking the leap to buy a package of plain brown paper bags.

I had been toying with the idea of packing my lunch in one in order to get that ‘normal workplace’ feel here at my cozy home office with a great view of the backyard.

Now, usually, I’d advise a seller to take their time and make a proper presentation to a buyer and spend time getting documents ready, etc.

In fact, you can learn all the things that a business seller should do and even enjoy the material in a half-day online training program over at www.HowToSellMyOwnBusiness.com

In this case, I was so excited to sell this business that I just blurted out a number--

ONE MILLION DOLLARS!.. and then I put my pinky finger up to my mouth in homage to Dr. Evil.

Hector was equally moved by passion and emotion.  He accepted... as long as I agreed to his terms.

I guess he did learn something while taking the informative and enriching online training over at https://www.BusinessBuyerAdvantage.com

I’m going to have to receive my money over quite a long period of time.  Some of it is subject to certain earnout conditions and I have to continue to host some of the videos for the foreseeable future.

I’m also going to continue to moderate and help the members of the online group coaching program for business buyers; Business Buyer Adventure.

I think that’s great because everyone there has so much fun working together to push each other to achieve and I get to share so much more valuable information and strategies that just wouldn’t fit into the Business Buyer Advantage training.

AND- for sure I need to wrap up the Financial Forecasting and Business Plan Writing program that I started a few weeks ago.

I’m happy about that because the people in the program are learning a ton and I wouldn’t want to leave them before they finish learning a skill that every business owner really needs to know.

So basically, I’ll be here for awhile working hard for my new boss Hector.

I hope he has the heart to assign me a decent parking space.

Happy April Fool’s Day Everyone.

Cheers

Dave

Saturday, March 30, 2019

Easy way to buy Multiple Businesses Quickly and Create Massive Personal Wealth

Great question from my website.

-Will I be able to buy several businesses in short order and build great wealth quickly with your methods?

It was an interesting question.

It came from the https://www.BusinessBuyerAdvantage.com website feedback form.

What would be someone’s motivation for wanting to buy several businesses quickly and do I actually teach a special method that is truly my own?

I think I know where this chap has been. 

His question has been framed by the marketing of someone who promises quick wealth through a special business acquisition method that they promise can be repeated many times over by anyone regardless of setbacks or track record.

Let’s break this down and do some critical thinking.

One of the popular myths that I’ve seen used to lure people into expensively-priced business buyer programs has been the idea that there are a lot of businesses for sale that are really profitable and they need new owners.

Then the idea that there are not enough people out there with the knowledge of HOW to buy them is tossed into the mix.

Does that make sense?

People have been buying and selling businesses for a long time.  There is a whole industry built up around it.

It’s true that there is a lot of ignorance, bad advice, etc. out there but the way to buy a business has pretty much been hammered out with some variations.

That’s what I teach people in my programs.  How the deals to buy SMEs are actually done. 

Many people are surprised.  Most students learn a lot of new information.

But for every buyer who goes through my program, there are already many in the marketplace with similar knowledge.

A lack of buyers understanding the HOW is certainly not what keeps 80% of small businesses listed for sale from being purchased.

Don’t forget that businesses listed for sale are only a small portion of those that go up for sale since most sellers normally want to avoid business brokers and their commission charges.

Think about that.

If you owned a great business and you needed to get out, you’d likely try to find a buyer on your own, wouldn’t you?

That’s exactly what happens.

Many of the businesses listed for sale don’t sell because they suck.

They don’t earn enough money, or the sellers are asking so much that a buyer can’t earn any return on his investment.

I think this is where the idea of buying several businesses comes from. 

The notion of owning a group of businesses is exciting and if you can’t find one that earns enough you just keep buying more. 

Like a guy who invests in real estate and buys himself several dozen duplexes over the years instead of one big 50-unit building.

The strategy is also one that is employed by private equity groups who have teams of professional business investors and analysts and who have millions of dollars at their disposal.

Is that you?

Would it not be easier to simply buy and manage one business that met all of your investing criteria and allowed you to achieve your personal financial goals?

It sounds simpler to me. 

Starting with a plan to buy several businesses assumes that the first one will be in some way deficient. 

Why would you plan to buy a business like that?

So, the HOW of buying a business really needs to be tied together with the HOW of finding a business BEFORE it goes up for sale.

AND, we need to be looking for the right one.

These are the things that I cover in Business Buyer Advantage and my Business Buyer Adventure coaching group.

You know what else?

Signing up for any of this will not allow a loser to instantly become a big-wheel business tycoon.

Before anyone can get into the game of buying a successful business, they need to win the game in their own head.

That’s something I can’t help you with.

Don’t believe that someone can fix all your problems with a few thousand dollars of online training.

If your self-image is already one of a successful businessperson and you want to buy a profitable business, then I can help you with strategy and knowledge.

Start over at https://www.BusinessBuyerAdvantage.com
 
 


PS. The Financial Forecasting and Business Plan Writing program is also really useful for future successful business leaders. Learn more and sign up over here.