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.


Monday, April 19, 2021

Live: Join me as I discuss making more money & doing the right thing in business with Jeff Morrill


Join me in welcoming Jeff Morrill to the channel.

Jeff is the former owner of a car dealership who has just released a new book called 'Profit Wise: How to Make More Money in Business by Doing the Right Thing.'

Yes, it's true! You don't need to be a scoundrel to be successful in business.
Jeff is going to join us in talking about his real-life business experiences.
We'll discuss sales, marketing, hiring and firing and when it just doesn't pay to be involved with someone when your gut says something is not right.

Learn more about the Adventure group at https://www.BusinessBuyerAdventure.com Learn more about Jeff at https://www.jeffmorrill.com/
Stop missing videos and emails. Join my list at https://www.DavidCBarnettList.com

Find Jeff's book and many more in my Amazon store at https://www.Amazon.com/shop/davidbarnett

Wednesday, April 14, 2021

Outsourcing your way to a sale?

 

Outsourcing your way to a sale.

Alan was watching my live interview about Minimalism with Aaron Clarey and sent in a question about outsourcing.

What if you outsourced absolutely everything? Would you still have a business to sell?

Learn the answer to this question and more in this week’s video: https://youtu.be/q9NoUwiGa6E


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   


Monday, April 12, 2021

I appear on the Wealth Secrets podcast to talk about making private loans and leases to small businesses.

Listen to Sean and I talk about local investing, why small businesses struggle with financing, and the future of local investing on the Wealth Secrets podcast.


Friday, April 9, 2021

I return back on My Worst Investment Ever to talk about common mistakes I see people make when trying to buy a business.

I had a lot of fun appearing on Andrew Stotz podcast talking about my book, 21 Stupid Things People Do When Trying to Buy a Business and how you can learn to avoid those awful novice mistakes.





Wednesday, April 7, 2021

Get a job or chase a no-money deal?

 

Broke Phil wants David’s career advice.

Phil was watching my interview with Carlos about no-money-down courses offered online and wanted to reach out about taking Dan Pena’s course.

Phil is out of work because of covid rules and thinks buying a business might be the solution to his troubles.

Do people really buy businesses to solve their problems?

I’ll explore this as well as give Phil some practical advice to start building a more solid financial foundation that might one day lead to business ownership.

Learn the answer to this question and more in this week’s video: https://youtu.be/nBoNclTg3nE


Find all the videos and articles about buying a business with no money over at https://www.investlocalbook.com/p/buy-business-with-no-money.html

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, March 31, 2021

Warren Buffet & David duel over Depreciation

 

The difference between one truck and 500.

Dan was watching an old video of mine about valuing small businesses and posed a question about something Warren Buffet says.

Basically, Buffet doesn’t like EBITDA valuations because he doesn’t believe that little fairies will pay for the equipment and machinery used in a business.

But, as I teach in this week’s video… the depreciation figure you see on the paper is NOT the way to ward off the magic fairies…

Learn the answer to this question and more in this week’s video: https://youtu.be/_S2m1dieX6w


Learn how to be amazing at creating cash flow forecasts and business plans by enrolling in the David C Barnett’s Cash Flow Forecasting and Business Plan Writing program here: https://www.BizPlanSchool.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

Wednesday, March 24, 2021

Buying a Client List vs. a Business

 

Buying a Client List vs. a Business.

I received a message from Kim Kardashiann on this old video from 2015.

What if instead of buying a business, you just want to buy the list?

How do you put a price on that?

Well, just like in pricing a business, it depends on the certainty of the cash flow under your stewardship.

As you get into riskier and riskier lists, ownership may not even make sense.

But, there is another way to profit from them.

Listen as I explain this thinking to Kim in this week’s video: https://youtu.be/nkqQBn6DZSE


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, March 17, 2021

Hey Mr. Broker, can you share your paycheque with me?

 

Hey Mr. Broker, can you share your paycheque with me?

Sujit was watching my video about small business tax returns and financial statements and wanted to know if it would be reasonable to ask a business broker for a realtor-type deal…

Like 50% cash back on his commission!

There are important differences between what business brokers and realtors do.

Please don’t confuse them. Realtors should not be selling businesses as I explain in this oldie- https://youtu.be/s9HkiHiiEB0

Now, what about Sujit and his 50% discount… is that a doable thing?

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

Learn how to borrow money from your business broker here: https://gum.co/BorrowFromBrokers

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

Monday, March 15, 2021

LIVE-Buying Small Online Businesses with Jaryd Krause

 

Jaryd Krause is the host of the Buying Online Businesses podcast and also the expert guest speaker this month in the Business Buyer Adventure group.

I'm going to ask him about what has changed this year with online businesses and the pandemic. Particularly the small 'side hustle' businesses. He's only got 30 minutes so this will be a quick one. Learn more about the Adventure group at https://www.BusinessBuyerAdventure.com Learn more about Jaryd at https://buyingonlinebusinesses.com/ Jaryd's 2019 appearance on my channel: https://youtu.be/oEfl9Ex9CXY Stop missing videos and emails. Join my list at https://www.DavidCBarnettList.com

Thursday, March 11, 2021

John Martinka and I discuss buying and selling Main Street businesses.

 

I was happy to join John Martinka to discuss the positives and negatives of buying and selling Main Street businesses with an EBITDA of under $500,000.

To listen, please visit John's Getting The Deal Done podcast page: https://www.buzzsprout.com/1546882/8055826-john-is-joined-by-private-transaction-advisor-david-barnett


Wednesday, March 10, 2021

What if the business owes more than its worth?


What if the business owes more than its worth?

Arilyn wants to know about buying a business when the outstanding value of gift cards is more than the business is worth?

She left her comment while watching this old video about handling gift certificates in the sale of a business: https://youtu.be/hWm4ZQxWlEw

Is there a difference between buying a business that owes more to banks or vendors?

What makes gift certificate debt different?

Could it actually be a riskier type of debt than other forms?

Who controls the ‘amortization period’ of this debt to the public?

Learn the answer to this question and more in this week’s video: https://youtu.be/qwMLbyoBvt4

Learn how to buy an already-successful and profitable business even in the covid-recession of 2020 https://www.BusinessBuyerAdvantage.com   (with new modules on distressed businesses and buying during a recession.)

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, March 8, 2021

LIVE-Will there be Small Business Deals created by the Covid Recession?

 


Ted J. Leverette has experience in helping people buy businesses that goes back to the 1970's. In this live cast, we'll be talking about his experience and how things have changed because of the internet. We'll discuss what we're seeing as far as how deals are changing because of Covid and if there are any opportunities or deals that will be available because of the pandemic. It's going to be a great episode. I know you'll enjoy it. Ted's site: https://partneroncall.com/ Ted's YouTube Channel: https://www.youtube.com/channel/UCSbV0olKKTETU-PtZv4bHBg Join my email list at https://www.DavidCBarnettList.com Learn to buy a business at https://www.BusinessBuyerAdvantage.com Find out more at my blog https://www.DavidCBarnett.com

Wednesday, March 3, 2021

Can you keep employees by giving them shares?

Sebastien is in a highly technical field and is curious about the idea of letting employees invest along with him in order to keep them involved.

Great question.

A lot of entrepreneurs get excited about the idea of involving employees as part of the ownership only to discover later what some of the pitfalls might be.

There is a lot to be said about being the one and only supreme commander of your business.

Setting up the apparatus of a less-despotic system can create some grief AND force you to fly economy sometimes.

Watch and learn more here: https://youtu.be/pepAFmhVO-c


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, March 2, 2021

LIVE- Who won the maple basket?



Yat-Long joins me to let you all know who won our contest prize.. also- I'll show it to you.

Follow ups on my weight loss, an important anniversary and upcoming guests for the channel. A very big reason why you should be on my email list https://www.DavidCBarnettList.com Our contest winner has his own YouTube channel: https://www.youtube.com/user/MrMoneybootcamp See you! Mentioned in this stream: Cash flow forecasting: https://www.BizPlanSchool.com Adventure group: https://www.BusinessBuyerAdventure.com Business Buyer Advantage course: https://www.BusinessBuyerAdvantage.com

Wednesday, February 24, 2021

Shark Tank Investors vs. your Mom.

 

Shark Tank investors vs. your Mom.

David wanted to know if the investors on TV’s Shark Tank get ‘diluted’ and Apostle wanted to know how to sell shares in his own business.

I answer question #1 and dig into the complexities of question #2 in this week’s video.

Spoiler… Yes, you can likely sell some shares to your mom without worrying too much.

Watch and learn more here: https://youtu.be/SLC0BoL-hOI

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

Monday, February 22, 2021

LIVE- Sell your Small Business to a Private Equity Firm!

 


Who pays the most for buying businesses?

Private Equity Firms. This week I speak to Mike Finger from www.ExitOasis.com about selling your small business to a private equity firm. Or... maybe do an ESOP exit or sell to a Family Office. Mike is a regular guest and always generates insightful discussions. Find him at https://www.ExitOasis.com Join us live.

Wednesday, February 17, 2021

Does discounting future cash flow really make sense?

 

The gulf between big and small.

Allison wrote to ask about looking at future profits when analyzing a business to buy.

‘Theory,’ she says, ‘talks about reflecting the future.’

What on earth is she talking about?

Does it apply to the world of small businesses?

Watch and learn more here: https://youtu.be/PxTJlj6nC78

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, February 10, 2021

What you really need to know about small business tax returns.

 


What you really need to know about small business tax returns.

Nick is looking to buy a business and wants to know if there is a checkbox on the tax return indicating if it’s good and profitable.

Well, it’s not so easy.

Firstly, the tax folks design the forms for their purposes.

Secondly, the information put into the form may not actually be relevant or correct.

This week I dive into small business financial reporting to uncover what can and cannot be trusted!

Watch and learn more here: https://youtu.be/6_v9wpSTI0Q

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   


Monday, February 8, 2021

LIVE- Can Minimalism Help you Succeed in Business?

 


...or does success come more easily if you're a minimalist?

I'm joined by economist Aaron Clarey to discuss how making certain lifestyle choices can enhance the freedom in your life and shorten the distance between you and your goals. Most importantly, Aaron will share results of reviewing research which reveals why we all feel so compelled to want more stuff and how this knowledge can be used to evolve. Check out Aaron's Minimalism program: https://theclareyschoolofeconomicphilosophy.teachable.com/ Learn more about Aaron, economics and making better decisions at: http://captaincapitalism.blogspot.com/ Aaron's book- Poor Richard's Retirement: https://www.amazon.com/gp/product/154553909X/ref=as_li_qf_sp_asin_il_tl?ie=UTF8&tag=captaicapit0b-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=154553909X&linkId=45c4ea03097b1a5e12e0fbe0b148598e Aaron's book- Bachelor Pad Economics: http://www.amazon.com/gp/product/1494463180/ref=as_li_qf_sp_asin_il_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=1494463180&linkCode=as2&tag=captaicapit0b-20&linkId=QTM5OYMWOORSUEQQ Aaron's book- Worthless: http://www.amazon.com/gp/product/1467978302/ref=as_li_qf_sp_asin_il_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=1467978302&linkCode=as2&tag=captaicapit0b-20&linkId=6JZGO4M6W7N57ZHC

Wednesday, February 3, 2021

Learning Delegation with Barbara Turley.

 

Learning Delegation with Barbara Turley.

Barbara spent an hour with me in the Business Buyer Adventure group discussing how to better hire and manage Virtual Assistants overseas.

Today, she’s joining all of us in discussing how to better delegate roles and tasks to employees.

What do employees want?

How do we allow new employees to feel like they’re fitting in?

How can we help make sure new employees are able to properly integrate into our businesses so that they can achieve their best outcomes?

Watch and learn more here: https://youtu.be/2_pPrttzDtQ


Find Barbara online at https://www.TheVirtualHub.com/DCB

Maybe you should be in the coaching program too? Learn more at 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 new videos. Join my email list here: https://www.DavidCBarnettList.com   


Friday, January 29, 2021

LIVE- Yat-Long gets David on Podcasts!



Yat-Long is my new assistant and business development manager.

We're going to be talking about goals for David to get onto podcasts. Secrets from the past -AND- A special treat for anyone who owns a FedEx delivery route! Reach us at info@alpatlantic.com Enjoy...

Wednesday, January 27, 2021

When to bring private investors into your small business.

 


When is the right time to bring private investors into a deal?

It’s the 11th hour, the banker says you’ll be coming up short.

Is now the time to call Cousin Larry, Auntie Bertha or your old work buddy Pete?

I meet lots of people who believe that they’ll line up investors for a deal when they need the cash.

This is not the time to be finding investors.

The time to find them is when you hold the cards and you can take them on a lifelong journey to help you grow while they earn great returns.

Watch and learn more here: https://youtu.be/HJ2b9MsXSCI


Learn to do cash flow forecasts and build business plans at https://www.BizPlanSchool.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   


Wednesday, January 20, 2021

Everything you wanted to know about Unsellable Businesses.

 


Chip wants to know how a business can be ‘unsellable?’

Wouldn’t every business have a price, even if it’s just $5 and cab fare?

Sure, but is that really a business or a bunch of assets being sold at a discount.

This week, I dive into how I may use certain words differently than new viewers and why there are indeed businesses that could likely never be sold.

Watch and learn more here: https://youtu.be/3z5rJKFf5-A


Learn to do cash flow forecasts and build business plans at
https://www.BizPlanSchool.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