Wednesday, December 30, 2020

The 'Holiday Effect' on the Small Business for sale market.

 


The Holiday Effect on Businesses for sale.

What happens to business owners over the Holidays?

They get a taste of what retirement might feel like.

Things happen over the holidays, what should you have been doing to take advantage of this?

Watch here: https://youtu.be/xsoOHfsKXps



Learn how to buy an already-successful and profitable business even in the covid-recession of 2020 https://www.BusinessBuyerAdvantage.com   

Learn about the group program https://www.BusinessBuyerAdventure.com  

Learn about selling your business at https://www.HowToSellMyOwnBusiness.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   

 


Monday, December 28, 2020

Thursday, December 24, 2020

LIVE- David's Holly Jolly Xmas Eve 2020 Party



Tune in as I host a Holiday open house party with business podcasters, friends and some past and present clients dropping by to talk about what they learned in 2020 and what 2021 may hold for the world of smallbiz!

Be sure to join my email list if you want to receive the Holiday Chat recordings over the next week. These are real tapes of conversations to answer questions from people just like you. https://www.DavidCBarnettList.com Today's Guests Include: Mike Finger http://www.exitoasis.com/ Henry Lopez https://www.thehowofbusiness.com/ Adam Purcell Marc Mawhinney https://www.naturalborncoaches.com/ Rick Nicholson Jordan Evans https://www.languagenetworkusa.com

Wednesday, December 23, 2020

Minority Investor Rip Off?

 


Minority Investor Rip-Off.

Reuben wants to know how to make sure he’s not getting ripped-off when investing as a minority shareholder in a small business.

Great question!

You see, many small business owners often hide personal ‘perks’ within the expenses of the business and this reduces the amount of money available for dividends or distributions.

How can you prevent this?

As I explain in the video, there are several ways.

I actually wrote a whole book about it back in 2014.

Watch here: https://youtu.be/h-vutoFnQoA



Find Invest Local in my Amazon store or on Audible https://www.Amazon.com/shop/davidbarnett

Learn how to buy an already-successful and profitable business even in the covid-recession of 2020 (3 Bonuses until Dec 25, 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   

 


Monday, December 21, 2020

LIVE- My Bitcoin Opinion and Xmas Specials



My Xmas Eve party is now scheduled.. set your reminder here: https://youtu.be/ezRTLRa7How

3 Bonuses for Business Buyer Advantage only until Dec 25th. Sign up at https://www.BusinessBuyerAdvantage.com In order to hear the Holiday Chat recordings, you need to be on the email list. Sign up here: https://www.DavidCBarnettList.com

Wednesday, December 16, 2020

Holding Companies Explained- Protect assets and enable tax strategies.

 


How Holding Companies Work.

I received a few questions about holding companies.

What are they?

What do they do?

How are they special?

How would I take advantage of them?

Just to make it easy… I made some slides on PowerPoint to illustrate a few points on this week’s video: https://youtu.be/ORWaTm7qYRw



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   

 




Monday, December 14, 2020

LIVE- What Bankers Think of the 2021 Economy- Behaviour forecast. 2021 forecast


My Xmas Eve party is now scheduled.. set your reminder here: https://youtu.be/ezRTLRa7How

Only 3 Holiday Chat spots remain- A one-hour consultation with me that can be anonymous and will be broadcast to viewers worldwide! Also, a 66% savings for you. Sign up now: https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=TK4UF6WW778D8 In order to hear the Holiday Chat recordings, you need to be on the email list. Sign up here: https://www.DavidCBarnettList.com small biz small business credit cards 2021 forecast

Wednesday, December 9, 2020

Sam Imbeault Private Equity Group Management and Investment Methods Mid Market Business

 

The reality of Private Equity Groups…

Sam Imbeault is a professional investment banker who has just left a career with TorQuest Partners where he made investments in various companies.

Sam and I discuss how these funds manage their investments, how they choose who to invest in and what his career there was like.

Sam is now looking for a specific opportunity for himself in Atlantic Canada and we spoke a bit about that and how mid-market business owners can investigate who is approaching them as a credible buyer.

Watch here: https://youtu.be/Da7a6yh0tv8


Learn how to buy a successful business at 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   


Monday, December 7, 2020

LIVE- Can a 22 year old have the credibility to buy a business?


I answer Kevin Tran's question about being credible as a 22 year old business buyer.

Enroll in Business Buyer Advantage before Dec 25th and get the bonus recording from my March session and get invited to a live Q&A Dec 28th. Sign up at https://www.BusinessBuyerAdvantage.com 4 Holiday Chat spots remain, sign up here: https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=TK4UF6WW778D8 Sign up for David's email list: https://www.DavidCBarnettList.com

Wednesday, December 2, 2020

Holiday Chat 2020 is now open.

 Get your Holiday Chat spot today:

https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=TK4UF6WW778D8


Get paid to search for a Business to buy! Learn about Search Fund Model Entrepreneurship

Getting paid to work full-time searching for a business to buy…

Easy, start a search fund.

Now, it may be a little bit harder than that to execute.

I’m getting a lot of questions about search funds. 

What are they, what do they do and is it really possible to pull off?

The concept was popularized by the HBR Guide to Buying a Small Business.

But, the title of the book is a bit of a red-herring.. let me explain..

Watch here: https://youtu.be/2WnLQwggtPU


Learn how to buy a successful business at
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   








Monday, November 30, 2020

LIVE- Avoid the Mushy Middle with Rick Nicholson- Also Fire insurance claim on restaurant



I talk with Wizard of Ads partner Rick Nicholson about avoiding the Mushy Middle. We also get into the story of his restaurant fire insurance claim.

Get help with your business video needs at https://www.hollygstudios.com/ Sign up for David's email list: https://www.DavidCBarnettList.com Sign up for Holiday Chat 2020: https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=TK4UF6WW778D8 Learn to buy a business at https://www.BusinessBuyerAdvantage.com

Wednesday, November 25, 2020

Recommended Business books just in time for Black Friday Shopping!

 

Some New Books for Santa to Bring…

I often get asked about books that I recommend.

This week, I’m taking you through a tour of my reading list that is maintained in my Amazon shop.

Many of these will be books that have never made any bestseller list, but they all have important messages.

Also, when in doubt, you can always order some of mine 😉

Watch here: https://youtu.be/_PYet-WFwDg



My Amazon bookstore is here: www.amazon.com/shop/davidbarnett

Learn how to buy a successful business at 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   


Monday, November 23, 2020

Peter Lount invites me to discuss local investing on the CashFlow Canucks podcast.

Peter Lount invited me to come and talk with him on CashFlow Canucks!

Find Peter's podcast here:  https://radiopublic.com/cashflow-canucks-6VNydl/s1!a9956 

Take a listen as we discuss the ideas I present in my 2014 book, Invest Local, which you can find from all large booksellers including Amazon in print, Kindle and Audio formats. (Audible and Apple too.)





LIVE- Private Equity, Shopping, Hotels & Buying dissimilar businesses

Thanks to Hermosa Beach Joe and Cheeky Cheeky for asking questions about buying hotels and managing dissimilar businesses. Don't for get to like and share!

Sign up for David's email list: https://www.DavidCBarnettList.com My interview with Jeffrey Tucker, author of Lockdown or Liberty: https://youtu.be/Mnn7Ob5eqbc Sign up for Holiday Chat 2020: https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=TK4UF6WW778D8 Learn to buy a business at https://www.BusinessBuyerAdvantage.com

Wednesday, November 18, 2020

Learn to put Profit First - Small Business Cash Management with Rocky Lalvani

 


You need to put profit first.

Rocky Lalvani is a self-made multi-millionaire and certified Profit First coach to business owners.

That’s the Profit First system made famous by author Mike Michalowicz.  

This month, Rocky is the guest expert speaker for my Business Buyer Adventure group coaching program and I decided to invite him onto the main YouTube channel to share some advice.

His famous mantra: Revenue is Vanity, Profit is Sanity and Cash is King!

We do a quick overview of the Profit First system and talk about how small business owners can use some of these ideas to improve their performance in 2021.

Let’s listen to him answer: https://youtu.be/pUvt1wQ1E04


Learn how to buy a successful business at 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, November 11, 2020

3 Common Traits of Failing Small Business Owners- Business Management Tips

 


Traits of failing businesses and their owners.

Angela wants to know-

David, what are the common traits you notice amongst failing business owners?

Great question!

I summarize the three most common things I’ve seen amongst those who fail.

Also, my definition of failure is much broader than what you think.

Watch and I’ll explain.

So, make sure you have none of these traits when you own a business: https://youtu.be/fBiEaAbBsow


Learn to make a cash flow forecast and business plan at https://www.BizPlanSchool.com

Learn how to buy a successful business at 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   


Tuesday, November 10, 2020

What about that new guru I saw advertising online?

 What about Roland Frasier?

I received this email from Business Buyer Advantage student T.

-------------

Do you know Roland Frazier?

I took Roland’s $55 course on how to buy business.  

He has a lot of knowledge and I learned a lot.  

He is always claiming that we can buy businesses for free.

After that, I was invited by him for his other course that is worth over $2000.

However, I watched your videos and found that Roland’s course misses a lot of important stuff.

First, he is not very strong in accounting like you.  

Also, I feel that he always talks about the bright side, but he never talks about any risk that we need to beware.  

I was really impressed by your YouTube videos.  

There is a video to talk about double counting income trap.  

I’m currently discussing with the broker for the burger shop acquisition but I actually encounter the exact same situation.

 

T.

------------

Do I know Roland Frasier?

Sure, he pops up every 30 seconds on my Instagram feed claiming to help people buy a business in 5 days or something.

He’s just the latest in a succession of no money down gurus trying to advertise that the solution to people’s money problems is buying a business.

Advertising to convince people to buy an online course makes sense. 

He’s trying to grow his market by selling to people who are looking for a quick fix.

But, these people rarely ever do a deal.

If they do find any deals, they often can’t get the levels of financing the guru promised.

When they ask for help from the guru, they get ghosted.

That’s when these people become Zero-Down Guru Refugees and go wandering the internet for help.

True business buyers are internally motivated. 

They decide they want to be an entrepreneur via acquisition and then they go looking for information.

It’s why you don’t see me running paid ads for Business Buyer Advantage.

People who become interested in the topic can find me easily enough, just like T.

I do feel bad for people who get sucked into these programs though.

It’s why it’s so important for all of you to share videos from my channel and hit the ‘like’ button when you watch them.

That’s how the YouTube algorithm knows the content is good.

You have no idea how good it feels whenever I go check out a video from one of these guys and see my own videos as suggested content on the side.

This is the easiest favour you’ll ever do for a fellow person.

Help them become aware before they become a Zero-Down Guru Refugee.

Cheers

https://www.BusinessBuyerAdvantage.com

 

David C Barnett

Wednesday, November 4, 2020

David buys life insurance and why it makes sense for other entrepreneurs with Mark Willis

 


Creating your own financial resiliency.

Mark Willis, host of Not Your Average Financial Podcast, comes back to discuss whole life insurance policies again.

I was so intrigued last time that I went out to learn more and have decided to buy a policy myself.

This is a liquidity tool that any entrepreneur can leverage for greater success.

But how can it be all unicorns and rainbows?

How can these things keep going up with all the financial crisis all around?

I put the tough questions to Mark…

Let’s listen to him answer: https://youtu.be/SpaLbbCnqnw



Learn how to buy a successful business at 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   


Saturday, October 31, 2020

Holiday Chat 2020 now open for registration...

Holiday Chat 2020

Registration for Holiday Chat 2020 is now open!

There are a limited number of spots available.

What is it?

A one-hour consultation about buying, selling, financing or management issues for small or medium sized businesses.

Normal price for this (see www.clarity.fm/davidbarnett for reviews or for a private call) is USD$200/hr.

Holiday Chats are 66% off àonly $69!

There is a catch, however.  These calls will be shared with email subscribers over the holidays and eventually put into my podcast stream and YouTube channel.

How to get your spot:

1.       Click this link to pay USD$69 via Paypal (credit cards can be used as well)

2.       On the thank-you page, you will see a link to Calendly.com where you can book the call.

3.       Calendly will send you a confirmation or you can choose to receive a meeting invite directly into you online calendar.

4.       When your appointment time comes up, join via the uberconference link you will receive from Calendly. 

You can connect via phone or computer.

Sign up now: https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=TK4UF6WW778D8

Cheers

 

David C Barnett 

Friday, October 30, 2020

Has the government totally botched the Coronavirus Pandemic?

I interview Jeffrey Tucker, author of Liberty or Lockdown, about the cost of government lockdowns to society and whether they are even an effective method of controlling a virus.

Fascinating conversation.  Watch:



Click here and set the reminder for yourself: https://youtu.be/Mnn7Ob5eqbc

Wednesday, October 28, 2020

Myths about small business #3. This week: taxes, customers, prices, operations, absentee owners

 


David and Hugh tackle Small Biz Myths #3

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 taxes, customers, prices, operations, absentee owners and customer feedback.

Check it out here: https://youtu.be/2bGoS99wT-s



Learn how to buy an already-successful and profitable business even in the covid-recession of 2020: https://www.BusinessBuyerAdvantage.com   

If you want help with those pesky business systems that were mentioned, go to https://www.EasySmallBizSystems.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   

 


Friday, October 23, 2020

Scammers are trying to steal from my viewers.

 


Be warned. The only place to find my courses are via my websites.  Click the 'courses' tab on this blog to get direct links to sales pages.

Wednesday, October 21, 2020

Mid-Market Rollover Exit strategy discussed with attorney Trevor Crow potential dangers for sellers

 


Converting a business and selling part of it to investors.

Trevor Crow has been a recent expert guest for my Business Buyer Adventure group coaching program.

Today, Trevor and I discuss a recent deal in which some partners in an LLC convert to a corporation and then sell 70% of it to some investors as an exit plan.

This is both a tax and investment strategy being done on a lower mid-market business.

I wanted to bring you this conversation because it touches on many relevant topics:

·         Rollups and Platforms

·         Exits

·         Minority Shareholder issues

·         Employment and management agreements/ shareholder/ partnership agreements.

·         Seller financing/ Skin in game with equity

·         Legal costs vs benefits of complex strategies for Main St.

·         Benefits of share deals vis a vis customers

Watch the video of the interview here: https://youtu.be/oe9heG7IxTo


Learn how to buy an already-successful and profitable business: https://www.BusinessBuyerAdvantage.com   

Learn to sell your business at https://www.HowToSellMyOwnBusiness.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, October 14, 2020

Tough Questions about Franchises. Are they right for you?

 


Fitting the right person with the right franchise. Who is this right for?

Who opens a new franchise?

Why do they do it?

What are some of the things that Giuseppe sees in his work with people trying to get out of the corporate rat race.

With over a decade of experience, he shares some of what he’s seen work and what to watch out for.

I ask him some TOUGH QUESTIONS inspired from my experience with Franchise Pirates.

Watch the video of the interview here: https://youtu.be/RT60u5pI2m8



Make sure you read Franchise Warnings available at all Amazon stores worldwide such as Amazon.com and Amazon.ca or get the .pdf at https://www.FranchiseWarnings.com

Learn how to buy an already-successful and profitable business: https://www.BusinessBuyerAdvantage.com   

Learn to sell your business at https://www.HowToSellMyOwnBusiness.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, October 7, 2020

Can Business Brokerage become better? A discussion with Zoran Sarabaca

 


Can Business Brokerage be made to work better?

Everyone loves to complain about the problems with business brokerage:

·         Sellers have the wrong expectations.

·         Brokers have mixed incentives.

·         Brokerage owners can mislead potential employees.

·         Starving brokers may act against a client’s interests.

·         Etc., etc…

What could be done to make the business of selling businesses better?

Listen as Zoran and I discuss how EVERY BUSINESS IS SELLABLE, just not necessarily under the terms the seller wants.

Watch the video of the interview here: https://youtu.be/fUriKbaQkzk


Learn how to buy an already-successful and profitable business: https://www.BusinessBuyerAdvantage.com   

Learn to sell your business at https://www.HowToSellMyOwnBusiness.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