Wednesday, October 20, 2021

Formula of the Zero Down Buy a Business Deal.

 

Wayne says its ok to buy a business with no money if the cash flows. Does it?

Videos mentioned within:

·         Non-Financial Considerations when you buy a small biz https://youtu.be/nV-h9tm1Gkk
·         Questions on Seller Financing https://youtu.be/YhEs5CG3uGs
·         Buy a Business with no money tab https://www.investlocalbook.com/p/buy-business-with-no-money.html
·         Using Machinery for collateral https://youtu.be/hojEFy-pFtc
·         Escape the Banker’s Rules Carefully https://youtu.be/W6WBiRp-LK4
·      Anatomy of a real no-money deal https://youtu.be/HLNmOvfok6A

Wayne suggests how to do a deal with no money.

It does make sense for a buyer, but what about the other players in this deal?

What do they think and how do you deal with their concerns?

Very important video, especially if you’re broke.

Watch this week’s video here: https://youtu.be/lx-Qyvh_ROA

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

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

Build a proper cash flow forecast for any business 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

Friday, October 15, 2021

David joins Ted Leverette and Curt Maier to 'Sharpen Your Search.'

 Expect a few surprises. They might change your perception and increase your opportunity.

Ted's original YouTube Show notes:

People wanting to buy a business face may appear to be three insurmountable obstacles: • Business Brokers. • Buyer competition. • Poorly prepared and unrealistic sellers. In this presentation, you’re going to learn how to go over, around or through them. What about dealmaking during uncertain times? What's to know about searching/buying during a Seller's Market? Why am I not seeing enough of what I want to buy? How to get more and better deal flow? What about outsourcing search? Using/paying finders? How to handle question of net worth and available funds to source the acquisition? What about business brokers? Help or hinderance? Broker management: How to stay top-of-mind with all the other searchers out there? How to go about a proprietary search in the most efficient manner? Are there successful alternatives to drip campaigns? Who do brokers and sellers take more seriously? Self-funded people wanting to buy a business? Search Funders? $1 million business threshold. Adjustments / Add-backs? Business cycle and valuation? Please subscribe and email Ted Leverette from partneroncall.com to schedule a Zoom chat. Ted Leverette enables buyers of profitable small and midsize businesses in the USA, Canada, Australia and the U.K. to be the 1st choice of brokers and sellers, which results in more-profitable done deals sooner with less aggravation at lower cost. How? Read his how-to books. And then let him help you deploy proven best practices. Ted J. Leverette, The Original Business Buyer Advocate ® “Partner" On-Call Network, LLC Searcher and Transaction Advisory: Prepare-Search-Offer-Buy PartnerOnCall.com (Not a business broker; never have been.) Get these books on Amazon or PartnerOnCall.com 120 Financial Lifelines for Small Businesses (Free) How to Prepare Yourself and Find the Right Business to Buy How to Buy the Right Business the Right Way 21st Century Entrepreneur Ideas for Kids and Aspirational Adults (Free) How to Get ALL the Money You Want For Your Business Without Stealing It (USA and Canadian versions.)

Wednesday, October 13, 2021

Do Reps and Warranties have any value?

 


Alexia wants to know about the warranties offered by sellers.

If someone lies and costs you money, you sue them right?

But what if the solution costs more than the problem?

This is the issue with representations and warranties when we talk about small business transactions.

In order to deal with potential lies and misdeeds on the part of sellers, we need two powerful tools that we can use in the event there is a problem.

Watch here: https://youtu.be/LStVgWOM2LI

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

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

Build a proper cash flow forecast for any business 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


Friday, October 8, 2021

I return back on Let's Buy a Business to discuss whether you can buy a business with no money down and much more.


I join host Ryan Condie for a fun conversation and we dive into whether small businesses are better investments than properties. We also discuss whether it's true that you can buy a business with zero down. Listen and find out. 

Wednesday, October 6, 2021

Losing your house in a bad deal.

JT wants to know about losing a house to the bank

Can someone lose their house to the bank in a bad deal?

It’s not something that usually happens if you buy right.

What I’ve seen more of is people losing a house after their business becomes more successful.

There is risk in business, you need to offset this in your dealings outside the business.

Watch here: https://youtu.be/XNzqWU1e9NU

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

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

Build a proper cash flow forecast for any business 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, September 29, 2021

Handing everything over after a business sale.

 

What if the suppliers won’t give you the same trade terms?

Steve wants to know what happens when a business is sold as far as transferring over the name and all the accounts.

What about customers?

What about suppliers?

What if they won’t give you the same terms?

What if they don’t like you?!?

Watch here: https://youtu.be/UJjtGc4pTxA

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

Learn to sell your 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, September 27, 2021

Join me as I discuss how a business you start or buy could be transformed with some of John's methods.

 

John Warrillow's famous book, Built to Sell, outlines the very real process that business owners need to go through in order to move beyond the 'one man show' and build a real business that can be sold.

In today's live stream, we're going to be discussing how a business you start or buy could be transformed with some of John's methods.

Whether you own a business or want to one day, these concepts will prove valuable if you truly want to make any business into a sellable asset that someone else will desire.

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

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

Find John online at https://builttosell.com/

Wednesday, September 22, 2021

Why bankers should love seller financing.

 

Nobody likes to lose money, especially bankers.

Buyers are trying to do deals that mitigate risk.

Sellers want the most money possible.

How might a seller help a banker feel comfortable doing a loan?

It may come down to the terms and conditions of the seller note.

Watch here: https://youtu.be/e3mAqBhS0-c

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

Learn to sell your 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, September 15, 2021

Non-financial considerations when you buy a small business.

 

What, besides the numbers, is important?

People buy a business for many reasons.

In this week’s video, I’ll challenge you to consider whether you’re qualified to run the business AND whether it will take you where you want to go.

Watch here: https://youtu.be/nV-h9tm1Gkk 

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

Learn to sell your 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, September 8, 2021

Does your business pay too much rent?

 
Landlord wants more, what does that mean for me?

Zafer says that his rent sometimes seems high, sometimes seems low.

How can you tell if it’s the right price?

What does it mean if local rents are going up?

What if you own and you are your own landlord?

Watch the video and I’ll tell you what I look for when analyzing a business’ expenses.

Watch: https://youtu.be/FVuvjpIBd60

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

Learn how to sell your 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, September 6, 2021

I was invited to join Paul Ace on Amplify to 7 Figures to discuss buying and selling businesses.

 

Listen to our discussion about the following:

1. Defining a small business

2. Why buy a business over starting a new one

3. Common mistakes to look for when buying a business


Friday, September 3, 2021

Holiday Chat #9 is now live! Mike wants to buy a container repair business on the other side of the country!

Mike lives in NC and wants to buy a business in California! Mike is a successful property developer and wants to get into something with a smoother cash flow. What does he need to do when he takes over the new business and how can he manage this thousands of miles away?

Listen to our conversation here: https://youtu.be/en0lh8M0EbU


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, September 1, 2021

I wish I had known this about business.

 
If I had known this earlier, I would have wasted less time.

Sometimes our thinking has biases that we don’t even know are there.

When these biases limit our thinking, it can prevent us from seeing the truth.

In this week’s video, I explain what I’ve learned over fifteen years that made a big change for me about a decade ago when I look at a business.

This tip can save you a lot of wasted time and money.

Watch: https://youtu.be/t2a-e68-Y_A

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

Learn to sell your 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, August 30, 2021

I make an appearance on Wealth Without Bay Street to talk about things you should know when selling your small business.

 
Listen in as I join Jayson and Richard on their podcast to talk about the top 5 reasons why a business goes for sale, mistakes that sellers often make, understanding the terms of the sale and much more.

Watch here: https://youtu.be/Jf1n2QZ8MDc



Friday, August 27, 2021

Holiday Chat #8 is now live! Dee wants a plan to buy a motel with no money in a pandemic.

Dee wants to get out of being a real estate agent and now wants to get into being a hotel owner! The problem is that she doesn’t have money to invest. How can she figure out a way to buy a hotel with no money during a pandemic?!?

Listen to our conversation here: https://youtu.be/2gCJ68h_yMo

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, August 25, 2021

Why SDE is not Cash Flow.

 

The cash flow is not always the cash flow.

Paul sent in a question about the difference between Net Income, Cash Flow and SDE.

What is the difference and when do we use them?

What danger is there when we don’t understand the numbers?

Many people mess this up and end up working for nothing in their own business.

Watch here: https://youtu.be/E0IEGtsIE1o

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

Learn cash flow forecasting and business plan writing at https://www.BizPlanSchool.com

Learn to sell your 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


Friday, August 20, 2021

Holiday Chat #7 is now live! Eric leaves the military and learns about operating capital.

Eric has been diligent in buying houses and keeping them an income properties over the course of his military deployments. Now he wants to get into business and wanted my input into choosing his target industry and laying out a plan. We get into a big discussion regarding Net Normal Position in Working Capital. Lots to learn here.

Listen to our conversation here: https://youtu.be/TgtRIQX68EY

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, August 18, 2021

Raising prices for B2B customers

 

Asking for 2% more should not be what you’re afraid of. Fear the feeling that you can’t.

Eric wants to know about strategies for raising prices in a manufacturing context.

A relationship is about value which can be about more than just price.

Relationships also mean frequent contact and mutual understanding.

If you’re afraid to raise the price, then maybe there’s something else missing from the relationship?

Watch: https://youtu.be/np9KDSCUhzw

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

Learn to sell your 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, August 16, 2021

I make a return back on Wealth Secrets and talk to Sean Adams about the ups and downs of buying and selling small businesses.

While there is a lot of opportunity to be had, I explains why due diligence and an eye for thinking outside the box is fundamental to making a good investment decision!


Friday, August 13, 2021

Holiday Chat #6 is now live! Dean asks about rollups and conglomerates and how to make a plan.

Dean calls to talk rollups but does he really mean conglomerates? I lay out some examples that I’ve worked on and why things happen the way they do and what any plan needs to contain. Also, how some business owners do it wrong and what can happen.

Listen to our conversation here: https://youtu.be/B2CvQ91_fbI


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




Thursday, August 12, 2021

I join Jack Spirko on The Survival Podcast to discuss Buying and Selling a Business.

 

Listen as I join Jack Spirko to discuss why buying a business is less risky than starting one from scratch.  We also talk about top mistakes people make when buying or selling a business and how you can finance the purchase and much more.

Check it out here: http://www.thesurvivalpodcast.com/barnet-biz-buy


Wednesday, August 11, 2021

Is your idea good or bad?


Investing means avoiding speculation, especially if it looks like investing when its not.

How can we mentally examine a business idea to see if we’re on the right track or not?

In this week’s video, I give a framework of three simple ways to look at a business to help point our the most obvious areas of concern.

With forethought, comes the opportunity for preparation which might keep you out of trouble.

Watch and I’ll try to ask the right questions:  https://youtu.be/0877ElO_cFE

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

Learn to sell your 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

Friday, August 6, 2021

Holiday Chat #5 is now live! Young Rashad Plans his Business Empire

Young 20-year-old Rashad in Dallas is looking for a way to buy up a lot of small businesses and put them together into a big enterprise. His ultimate goal is to have businesses in many industries so that he’s diversified. AND- he’s looking for things that are scalable. What Rashad needs is a plan.

Listen to our conversation here: https://youtu.be/RAu5nwDnu2s

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, August 4, 2021

Measuring if a seller is serious

 
You don’t want to waste your time with someone who’s just fishing.

Neil wrote in to ask how he can measure if a seller is serious or not when you find a business advertised for sale.

It’s all about investment in the process and you can measure this with just a few questions.

Watch and I’ll show you how: https://youtu.be/4qoVsmKF8yo

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

Learn to sell your 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

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