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