Wednesday, September 23, 2020

The magic of a roll up strategy- How to Buy a Business

 


‘Just do a roll up strategy’

I spent some time with a ‘zero-down guru refugee’ a few months ago.

They were broke, had no money and had been told that the secret to becoming rich would be a two-step process:

1.      Find ‘the right’ deal which could be acquired with no money.

2.      Execute a roll up strategy and become an industry consolidator.

Great plan.

Roll up strategies are real.

They’re done by savvy investors.

What exactly is it though?

That’s the topic of this week’s video: https://youtu.be/i_4_shRzEsQ



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  

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Wednesday, September 16, 2020

Buying and selling restoration businesses with expert Guest JT Kraai

 


Buying and Selling restoration businesses

JT Kraii from www.ExitStrategies360.com works with restoration companies across North America whose owners want to sell.

JT gets into the details of how he ended up working in this niche and the particularities of this specialized construction trade business.

Even if you’re not interested in this type of business, the interview will give you an insight into the types of things you need to learn about when exploring an industry you’re not familiar with.

Sit back and learn about floods, fires and other disasters and how this leads to earnings for JT’s clients.

Also, learn about how the structure of this industry is leading to reduced profits over time.

Check out the interview here: https://youtu.be/WZqLpFhDlTo



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   

 


Wednesday, September 9, 2020

Myths about small business #1. How valid are cliches about business?

 



David and Hugh tackle Small Biz Myths #1

This summer I asked viewers to send in small business myths they wanted me to challenge, tackle or otherwise comment on.

I had my assistant and Bishop’s University Business student, Hugh, sort them out and we’ve organized them into three different videos.

It’s a lot of fun!  This week we tackle the myths around hard work, planning, and passion.

Check it out here: https://youtu.be/6jRsRi04GFw



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   

 


Wednesday, September 2, 2020

Investing in small businesses while keeping your job. How to Buy a Business.

 

The problem of small strategic acquisitions.

Shiraz wants to build a portfolio of small businesses run by managers.

His problem is that the numbers just don’t seem to work.

So how can we figure out how to acquire a good business at a reasonable price to make a good investment?

Is it even possible?

Let’s take the question apart and consider it from several points of view.

Check it out here: https://youtu.be/jmRz4sqFAk4


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   

 


Wednesday, August 26, 2020

Q2 2020 IBBA Report video- What's the Covid SmallBiz market like?

 


Who CARES about the IBBA Q2 2020 report?

I’m not trying to be mean.

I mean they left out the likely impact of the US CARES Act on the smallbiz marketplace.

This week, I take a look at the Q2 2020 IBBA MarketPulse report and look at what seems to be happening regarding delays, dealflow, pricing and terms being reported by the industry’s most reputable brokers.

I also talk about why I don’t think some market predictions have come to pass exactly as, um predicted.

Government market manipulation!

Regardless of your opinion on what governments have done because of Covid, their actions are certainly having an impact on the market for small businesses.

Check it out here: https://youtu.be/w2ggbjCTB9M



Learn Business Systems at https://www.EasySmallBizSystems.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   

 


Wednesday, August 19, 2020

Should business owners be trying to work less and less? How to Manage a Small Business to sell

 


Should entrepreneurs be trying to work less and less?

This week I respond to a viewer question about whether he should be trying to work less and less over the course of his career of business ownership.

Um, Yes.

But how do I know this is possible?

How do you do it?

Why are most small business owners not doing this?

These are the topics of today’s video.

Here’s my advice for anyone concerned that they’re working too much in their business: https://youtu.be/46OP1b9bRr0


Learn Business Systems at https://www.EasySmallBizSystems.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   

 


Wednesday, August 12, 2020

Do subscription businesses with recurring billing actually sell for more?

 


The phone company rep, cable guy and gym owner walk into a bar….

Who doesn’t like to make one sale and get paid over and over again?

As a young man, I even considered a career in insurance because of two magical words- recurring revenues.

Your insurance agent gets paid every year for the insurance policy you bought a long time ago.

Sweet for them!

But, do businesses that feature recurring revenues sell for more money than those who don’t?

We need to examine the customer journey and ask ourselves- Is the sale really only made once?

Recurring revenue may also mean recurring selling.

Here’s my advice for anyone dreaming of dinging someone’s credit card each and every month…: https://youtu.be/HYw-bDuBzkc


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   

 


Wednesday, August 5, 2020

Rob's secret formula to selling a lot of businesses. How to sell a business.



Rob’s Secret Formula to Sell a lot of Businesses

If you’ve been on my YouTube channel for long, you’ll realize that selling a business is hard and most never find a buyer.

How is it then that Rob Goddard’s Evolution CBS is so highly recommended in the UK’s middle market?

What is it that Rob does to sell almost all the businesses he has for sale that other brokers do not?

He’s tough on the sellers and he only takes the best accounts.

Do you think your business would qualify to be one of Rob’s clients?

After considering his list, many business owners will realize they’ve got a lot of work to do.

Check out the interview here: https://youtu.be/bzjrUZQsCWc


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   

 


Wednesday, July 29, 2020

Moving to a new country to buy a business. Immigrant Investor. How to Buy a Business in a new land




Strategies to help you buy a business in another country

Going on vacation is exciting.

But what if your travels are more permanent in nature?

I’ve worked with people…

·       -Moving to Canada to buy businesses.
·       -People moving from America to more tropical places.
·       -Canadians moving to Europe.

All of them suffer the same problems.

It’s hard to know what you don’t know and when you’re ‘from away’ it’s hard to get trustworthy help
 to make sure you’re getting the right information.

Especially when dealing with foreign legal, government and/or banking issues.

Here’s my advice for anyone moving from one country to another to buy a business…: https://youtu.be/_GKwS5O_w6A



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   


Wednesday, July 22, 2020

I talk due-diligence of online assets with Brian Diener from Centurica.



Due-diligence for online businesses in Covidland.

Brian Diener is with Centurica, they’re due-diligence experts for online businesses.

I had Brian come to the Business Buyer Advantage group coaching program as July’s guest expert.

I wanted to invite him to the main YouTube channel to talk about what they’re seeing in the online business marketplace now that Covid has disrupted business around the world.

We also touched upon some of the issues and dangers in having a brick and mortar business pivot to online.

Check out the interview here: https://youtu.be/-nRhkZ_fjcI



Learn about the coaching program here: https://www.BusinessBuyerAdventure.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   


Wednesday, July 15, 2020

What can we learn by analyzing the data of the Business For Sale market? With Clinton Lee.


Observing the market of Businesses for Sale

Clinton Lee has been involved in buying and selling businesses for DECADES.

This UK entrepreneur has built a very interesting business for himself in helping mid-market firms choose the right advisors to sell.

I caught up with Clinton because he’s started a neat project of gathering and analyzing the changes to the business for sale listings over time.

He’s going to give us some insights into what the data says and how this information can help people become better buyers and sellers.

Check out the interview here: https://youtu.be/M1u6s9UTZzs



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   


Wednesday, July 8, 2020

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   


Wednesday, June 24, 2020

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   


Wednesday, June 17, 2020

"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   


Tuesday, June 16, 2020

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

Wednesday, June 10, 2020

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   


Wednesday, June 3, 2020

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