Wednesday, January 26, 2022

How I 4Xed my investment and why it won’t likely work for you.

Victor wants to know how to avoid the ‘get rich quick’ mentality that is so often advertised.

Firstly though, I’m going to tell you about the ‘get rich quick’ scheme that I bought into and how I quadrupled my investment in under a year.

That’s not a joke. It’s real and I’m also going to share how most other people would not have had the same results.

Then, the low-risk way to build your fortunes. Incrementalism.

Watch this week’s video here: https://youtu.be/-BK2UnxZ7OE

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

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

Books can be found in my Amazon store: https://www.amazon.com/shop/davidbarnett

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

Want to look dangerous like David? Jeff Alpaugh Customs has a special offer for you: https://www.JeffAlpaugh.com/DCB10 


Friday, January 21, 2022

Wednesday, January 19, 2022

Getting a job in a business you want to buy.

 

Romil wants to know how one might get a job before becoming a buyer!

It sounds like an easy win/win strategy.

This question was inspired by my recent interview with John Mill about hiring your buyer.

What I do in this week’s video is tell you about several different cases that I have first-hand knowledge of.

People say they want to execute this strategy, but the proof is in the pudding.

AND what some of these employee buyers may be missing when they plot their strategy…

Watch this week’s video here: https://youtu.be/oTObbWYtkl0

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   

Want to look dangerous like David? Jeff Alpaugh Customs has a special offer for you: https://www.JeffAlpaugh.com/DCB10 


Wednesday, January 12, 2022

When is 90% Bank financing ok when buying a business? And does David HATE LEVERAGE?

 


Shalina asks about high bank debt leverage. Does it matter? Does David hate leverage?

Shalina was asking a follow up question from what she saw in my video ‘questions about seller financing.’ https://youtu.be/YhEs5CG3uGs

It’s a great question because it leaves you wondering if you really can/should buy a business with only 10% of your own money.

I’m not against high leverage if the business has demonstrated cash flows and can service the debt.

WHERE you borrow the money is sometimes more important than how much.

It has to do with the qualities of the debt.

I get into it in this week’s video: https://youtu.be/pzyH4VFm6jI

Avoid debt troubles with a proper cash flow forecast: 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   

Want to look dangerous like David? Jeff Alpaugh Customs has a special offer for you: https://www.JeffAlpaugh.com/DCB10 

Friday, January 7, 2022

Gurmeet Judge had me on his video blog to discuss exiting a business and growth via acquisition

 

Gurmeet Judge had me on as a guest for his video blog to discuss preparing a business for sale and growth via acquisition.

I thought you might enjoy our discussion

https://www.encompassbt.com/blog

Wednesday, January 5, 2022

What if there isn't enough cash to close?


Cassio asks how brokers get paid when there is a seller note. Does it matter?

Should this concern a buyer?

What about the seller?

What if there’s no money to pay the broker?

I look at this from the point of view of the different parties and talk about some of the solutions I had to come up with when I was a broker, dealing with broke sellers.

Watch this week’s video here: https://youtu.be/ImglpvXOL3k

Buy the special report How To Borrow Money from Business Brokers here: https://dbarnett.gumroad.com/l/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   

Want to look dangerous like David? Jeff Alpaugh Customs has a special offer for you: https://www.JeffAlpaugh.com/DCB10