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