Friday, July 30, 2021

Holiday Chat #4 is now live! Paul wants to build a new business brokerage in Florida

Paul wants to build a new business brokerage in Florida.

Paul has moved from Michigan to Florida. While he keeps his Michigan business going via Zoom, he wants to know my ideas of how business valuations can help him build a business brokerage in Florida.

Listen to our conversation here: https://youtu.be/Yk8ZERwJgXM

Learn how to buy an already-successful and profitable business in a risk-reduced way even in the covid-recession https://www.BusinessBuyerAdvantage.com

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

Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com

Wednesday, July 28, 2021

When it’s too good to be true.

 

When it’s too good to be true.

Do you believe people will pay money in order to help you get ahead?

Do you believe that an opportunity for amazing investment returns will come knocking on your door?

Do you believe everything you read and hear?

Not only do we need to think about what we’re hearing, we need to understand the motivations of the source.

Today’s recording is a little bit different.

Watch and learn more here: https://youtu.be/G-2Yc4wRd7M

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 new videos. Join my email list here: https://www.DavidCBarnettList.com   


Friday, July 23, 2021

Holiday Chat #3 is now live! Cody wants to bolt-on to his Amazon FBA business

Cody already has a successful business selling his own unique products via Amazon. He's a former financial trader who wants to start acquiring other Amazon businesses to add on to his established infrastructure.

Listen to our conversation here: https://youtu.be/0qd6xRNN-I4

Learn how to buy an already-successful and profitable business in a risk-reduced way even in the covid-recession https://www.BusinessBuyerAdvantage.com

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

Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com

Wednesday, July 21, 2021

Exit a Business Without a Broker.

How can you exit a business without using a broker?

Well, actually, there are a whole list of ways to do it.

Keep in mind though, that ‘exit’ doesn’t always mean ‘sell.’

Watch and learn more here: https://youtu.be/33XaNDt7qVc

Learn all the ways I can help you exit a 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 new videos. Join my email list here: https://www.DavidCBarnettList.com
 

Friday, July 16, 2021

Holiday Chat #2 is now live! Christian is chasing new business ideas but should he risk it all?

Christian is chasing new business ideas.

After many bumps and bruises in business, Christian has finally figured out how to make money with his business. Now he wants to leave it all and get into a riskier one without enough money. Should he keep chasing new business ideas or deal with the real problem that plagues him?

Listen to our conversation here: https://youtu.be/7RJ_xQAf_I8

Learn how to buy an already-successful and profitable business in a risk-reduced way even in the covid-recession https://www.BusinessBuyerAdvantage.com

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

Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com

Wednesday, July 14, 2021

How to Spot Lies about ROI in Business.

 

Will a 229% ROI make you want to do this deal?

I was asked my opinion on a widely publicized book about buying businesses.

It’s got a big fat problem.

The author overstates the rate of return and potential benefit of buying a business.

Instead of just being critical, I take his example apart and show you step by step what is wrong with it.

Check out my outrageous opinions in this week’s video: https://youtu.be/74ISnsgtwlM

Learn to make cash flow forecasts and business plans at https://www.BizPlanSchool.com

Learn how to buy an already-successful and profitable business in a risk-reduced way even in the covid-recession https://www.BusinessBuyerAdvantage.com   

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

Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com   

Tuesday, July 13, 2021

Live: Join me as I discuss iteration and innovation in business, plus lessons from 3+ decades of coaching with Mitch Russo

 

Mitch Russo has founded and sold businesses, as well as been active as a business coach since the 90's. He's even worked with Tony Robbins.

In today's broadcast, we're going to discuss some of the lessons he's learned and learn about how his coaching business has created the foundation for another software business.

The longer you're in business, the more opportunities you'll see.

Learn more about the Adventure group at https://www.BusinessBuyerAdventure.com

Join my email list at https://www.DavidCBarnettList.com

Find Mitch online at https://mitchrusso.com/

Sunday, July 11, 2021

I appear on Let's Buy a Business with Ryan Condie and we talk about risks of starting a company and much more

Listen to my fun conversation with Ryan Condie as we dive into why you shouldn't start a company from scratch and instead buy a foundational company first. We also talk about how to get a deal done, cash flow forecasts, why buyers and sellers need to collaborate, and much more!

For more information about this episode, check out Ryan's website: www.letsbuyabusiness.com

Learn how to buy an already-successful and profitable business in a risk-reduced way even in the covid-recession www.BusinessBuyerAdvantage.com

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

Join my email list here: www.DavidCBarnettList.com

Friday, July 9, 2021

Holiday Chat #1 is now live! Cole in Texas wants lots of income!

Cole in Texas wants lots of income!

Cole is a young man in Texas who wants to be in business. He’s got a career sailing ships but wants his own thing to keep him at home so that he can be a family man.

Listen to our conversation here: https://youtu.be/oNZncGCF3jw

Learn how to buy an already-successful and profitable business in a risk-reduced way even in the covid-recession https://www.BusinessBuyerAdvantage.com

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

Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com

Wednesday, July 7, 2021

So, You’ve Decided to be a Business Broker eh?

Paul’s journey to learn the Jedi arts…

Paul reached out to me to find out where he needs to go in order to learn about the trade of business brokerage.

I take some time to review the experience, skills and resources any person would need to be successful as a business broker.

With particular attention to how and from WHOM you should gain some real-world experience.

Check it out in this week’s video: https://youtu.be/0qd6xRNN-I4

Learn how to buy an already-successful and profitable business in a risk-reduced way even in the covid-recession https://www.BusinessBuyerAdvantage.com

Learn how to Sell a business. https://www.HowToSellMyOwnBusiness.com

Learn how to make really amazing cash flow forecasts and business plans: https://www.BizPlanSchool.com

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

Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com   


Wednesday, June 30, 2021

Why would a seller want to finance the deal?


Learn from your cousin on the other side of town.

Sellers: Do you tire of waiting to be paid or are you excited to be making a high-yield investment?

Perspective is important in how you approach the topic of financing the sale of your business.

Learn why you might need to be part of the financing solution of a business sale and why this may be an amazingly profitable turn of events.

Check it out in this week’s video: https://youtu.be/PO1M-_wq-m4

Learn how to buy an already-successful and profitable business in a risk-reduced way even in the covid-recession https://www.BusinessBuyerAdvantage.com

Learn how to Sell a business. https://www.HowToSellMyOwnBusiness.com

Learn how to make really amazing cash flow forecasts and business plans: https://www.BizPlanSchool.com

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

Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com   

Monday, June 28, 2021

I appear on The Deal Scout to talk about investing in local businesses with Josh Wilson.


Listen as I join Josh Wilson on his show, The Deal Scout, where we talk about investing in local businesses. I also share my thoughts on how to mitigate risks and get great returns back by collateral and personal guarantees!

Check out the interview here: https://thedealscout.com/ep8-how-to-invest-in-local-businesses/

Learn how to buy an already-successful and profitable business in a risk-reduced way even in the covid-recession: https://www.BusinessBuyerAdvantage.com

Learn how to Sell a business. https://www.HowToSellMyOwnBusiness.com

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

Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com

Wednesday, June 23, 2021

The problem with Customers Loving the Seller.

 

The Terms can be more important than the price.

How much would you pay for a business if you were afraid that the customers wouldn’t like you?

This can be a problem in many small businesses where there is a relationship directly between the business owner and the important customers.

If an owner never invested the time to prepare, they may not be happy about the solution to getting a fair price for the business.

Watch and learn more.

Check it out in this week’s video: https://youtu.be/O48arsARXq4

Learn how to buy an already-successful and profitable business in a risk-reduced way even in the covid-recession https://www.BusinessBuyerAdvantage.com

Learn how to Sell a business. https://www.HowToSellMyOwnBusiness.com

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

Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com

Wednesday, June 16, 2021

Handling Shareholder Loans

 
The way money goes into a business controls how it can come out.

Lending money to a corporation you own creates a debt and an asset.

These can be part of the tax strategy employed when selling and can create options for buyers and sellers.

Watch and learn more.

Check it out in this week’s video: https://youtu.be/MXkBD37STTI

Learn how to buy an already-successful and profitable business in a risk-reduced way even in the covid-recession https://www.BusinessBuyerAdvantage.com

Learn how to Sell a business. https://www.HowToSellMyOwnBusiness.com

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

Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com

Monday, June 14, 2021

I return back on Debt Free in 30 to talk about Bad Funding Choices for Small Businesses with Doug Hoyes.

The economic shutdown has been costly for small businesses. If you’re an owner concerned about the future health of your business, what should you do? Could you sell your business? What are your options if you have a lot of business debt? Listen as I join Doug Hoyes on Debt Free in 30 to discuss how COVID-19 has impacted small businesses and why some businesses are having a harder time selling than others. I also shares strategies some companies have deployed to stay afloat during the pandemic and advice to avoid bad business funding choices. I also explain the sunk-cost fallacy and recency bias to help you understand whether it’s financially worthwhile to maintain your business. Tune in for lots of practical advice!

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 9, 2021

Escape the Banker’s Rules. Carefully.

 

Getting your cash bomb ready to pull the trigger on a deal can make you flexible.

Want to outmaneuver the other buyers?

Be able to have the cash to make a deal with no banker.

It does have it’s risks, depending on where you get the cash and what the terms are.

Especially now given the price of many assets.

Check it out in this week’s video: https://youtu.be/W6WBiRp-LK4

Learn how to buy an already-successful and profitable business in a risk-reduced way even in the covid-recession https://www.BusinessBuyerAdvantage.com

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

Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com

Tuesday, June 8, 2021

Live: Join me as I discuss protecting your business reputation from cancel culture with Sara Christensen

Join me as I talk to Sara about her new business which is helping businesses protect and defend themselves from this very threat.

Sara Christensen had suffered a loss of a successful business because of cancel culture online and she's not the only one.

Learn more about the Adventure group at https://www.BusinessBuyerAdventure.com
Join my email list at https://www.DavidCBarnettList.com
Find Sara online at https://www.SaraChristensen.com
 

Wednesday, June 2, 2021

When do I get more Goodwill?

 

Zafer is working hard, where is the Goodwill going?

Zafer emailed me to say that the business he bought is doing better, so why does the goodwill on his balance sheet keep going down?

Should it not be going up?

It all has to do with accounting rules and something called conservatism.

I explore that and also answer how the Goodwill got onto the balance sheet in this week’s video: https://youtu.be/Q6TQF1NZ58w

Learn how to buy an already-successful and profitable business in a risk-reduced way even in the covid-recession https://www.BusinessBuyerAdvantage.com

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

Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com   


Friday, May 28, 2021

I return back on The Robert Plank Show and talk about why buying a business is less risky than a startup.

 

Listen as we talk about how to start a company, get started, and cope with mistakes business owners make. We'll also tackle the advantages of owning a company and how the pandemic changed the business world.

Wednesday, May 26, 2021

Guaranteed way to improve your net-worth statement.

Sujit wants to know if there are ways to improve his Personal Net-Worth Statement.

Want to impress your banker that you’re good for the loan?

You’ll need a great net-worth statement.

But, what qualifies as an asset and what kinds of liabilities may hurt you?

This week I explore some of the things I’ve seen and some of the reactions bankers have had to them.

Also, a few mentions about the tricks some people try to employ.

Check it out in this week’s video: https://youtu.be/cb4RDbjI0mw

Learn how to buy an already-successful and profitable business in a risk-reduced way even in the

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

Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com



 

Thursday, May 20, 2021

Business Buyer Adventure Turns 3!

Today we celebrated our Business Buyer Adventure turning 3!

To mark the occasion, we celebrated by gifting our Adventure members a special treat. We also talked about what BATNA is and what's coming up for the program. Click on the link below and check us out. 

We would love to hear from you.


Wednesday, May 19, 2021

Are you getting the right returns on ALL your assets?

 
Gerber talked about the Entrepreneur and the Technician. What about the Investor?

Peter wanted to know if making separate companies for real estate and operating business would help with the ‘normalization problem’ I explained in this old video about millennials and boomers.

I address the whys and why nots but then get into the meat of the problem.

It has to do with the mentality of the business owner and whether they have the discipline to make the tough choices.

Many do not.

Are you brave enough to do extreme things?

Like evict your own business from your building?...

Check it out in this week’s video: https://youtu.be/HR-sZRmn3M4

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 new videos. Join my email list here: https://www.DavidCBarnettList.com   


Tuesday, May 18, 2021

Live: Join me as I discuss legal strategies to protect your assets with Scott Smith of Royal Legal Solutions


Join me in welcoming Scott Smith to the channel.

Scott Smith is an expert at making sure your assets remain safe in the case of lawsuits and others who might try to pillage them.

We will discuss some strategies used in the US and give you some ideas of what can be done in other countries as well.

Learn more about the Adventure group at https://www.BusinessBuyerAdventure.com
Join my email list at https://www.DavidCBarnettList.com

Wednesday, May 12, 2021

Invest passively in a portfolio of many small businesses?

 

Is small business equity a good investment even in a portfolio?

I received a question from a YouTube subscriber about investing in the equity of many small businesses.

Making a portfolio, if you will.

I discuss if this is a good idea, what it would take to pull it off and a much easier solution.

Check it out in this week’s video: https://youtu.be/eNMq77ZoiAE

Learn how to buy an already-successful and profitable business in a risk-reduced way even in the covid-recession https://www.BusinessBuyerAdvantage.com   

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

Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com   


Wednesday, May 5, 2021

What will a business lender think of Eric’s Plan?

 
What will a business lender think of Eric’s Plan?

This week I answer Eric’s question about whether I think it’s a good idea to stop paying his mortgage in order to build a down payment for a business.

He also wants to know what business lenders might think.

I answer the question and go deeper.

What are your true long-term burning desires and what are you willing to do to achieve them?

Check out my outrageous opinions in this week’s video: https://youtu.be/amAQ1HJinA4

Learn how to buy an already-successful and profitable business in a risk-reduced way even in the covid-recession https://www.BusinessBuyerAdvantage.com   

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

Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com

Wednesday, April 28, 2021

Questions on Seller Financing

 

Owing money to a seller when buying a business.

This week I answer two questions about seller financing when buying a business…

One about whether a seller will sue you for the balance if there is a default.

Another about the ideal amount of financing that should be used when buying a business.

Check out my outrageous opinions in this week’s video: https://youtu.be/YhEs5CG3uGs

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 new videos. Join my email list here: https://www.DavidCBarnettList.com

Wednesday, April 21, 2021

Can a Small Business sell as quickly as a house?

 

Fastest pen in The West…

Michael got the inside scoop on a business coming up for sale and lost out to a buyer who put it under contract within hours.

Also, there was no good information available at the time.

What on Earth is going on here and how can a reasonable buyer wanting to make a good deal do to compete?

Or- are there just too many crazy buyers out there right now?

Learn the answer to this question and more in this week’s video: https://youtu.be/pCzDZS_WYwg

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 new videos. Join my email list here: https://www.DavidCBarnettList.com

Tuesday, April 20, 2021

I return back on the Franchise Freedom podcast and talk about exit strategies with Giuseppe Grammatico

So many people get into a #franchise without considering how they'll one day get out. This was the meat of my recent conversation with Giuseppe Grammatico, host of Franchise Freedom.