Listen here.... Find Corey's podcast at https://www.coreykupfer.com/podcast
The original show notes...
Listen here.... Find Corey's podcast at https://www.coreykupfer.com/podcast
The original show notes...
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
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to look dangerous like David? Jeff Alpaugh Customs has a special offer
for you: https://www.JeffAlpaugh.com/DCB10
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
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
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
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