Do business brokers hinder relationships?

 

Link made a comment that brokers hinder rapport building. Is it true?

Rapport and trust building is necessary for a deal to be formed.

Do business brokers hinder this?

Or- does it matter who you’re dealing with?

Is it better to only look at non-brokered deals?

I handle this and more on this week’s video: https://youtu.be/8cugZCg1Cqc 

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.CallDavidBarnett.com 

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  

I'm on the Entrepreneurs on Podcasting Podcast with Cliff Duvernois, and we're talking about Leveraging Your Podcast with YouTube

 

Listen in as I share why podcasting is a great marketing tool, why small businesses need a podcast, and reveal my content development technique that has my business hopping.

Find Cliff's podcast and other info here: https://entrepreneursonpodcasting.com/09-leveraging-youtube-with-your-podcast/

How does the closing process work for a business purchase?

 

Hassan and Papi Shampoo want to know about how business deals are closed. 

What happens for the ‘closing’ of the deal?

Do we need a lawyer?

Where does the money go and how does it move?

Who are the other players at closing and how does it change from one place to another?

Great questions.

This week we learn all about the process of closing on a business we’re buying whether we’re using a lawyer or not.

Learn more in this week’s video:   https://youtu.be/CSTyykXMiGc 

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.CallDavidBarnett.com 

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  

David discusses the 'Neediness/Empathy Gap' with Ted Leverette and others on Bridging the Gap

 Ted Leverette invited me to join him and some other deal making experts on discussing common gaps between buyers and sellers. I chose to discuss the 'Neediness/Empathy' gap. Take a listen...

What about paying for a business with royalties?

 

YouTube viewer BehindTheLast wants me to discuss royalties just like Mr. Wonderful.

Kevin O’Leary loves royalties on Shark Tank.

Can this method be applied in the purchase of a small business?

Great question.

This kind of tool has its ups and downs.

Use it when you both disagree on whether the business will have ups or downs.

Learn more in this week’s video:   https://youtu.be/n_1YDEW1joQ

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.CallDavidBarnett.com

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 

David Joins Giusseppe Grammatico on Franchise Freedom again!

 

Visit the original show page here:

https://ggthefranchiseguide.com/podcast/self-reflection-analysis-about-what-knowledge-and-skills-can-be-leveraged-when-getting-into-business-ownership/

Original Show Notes:

Join your host Giuseppe Grammatico with his guest, David Barnett. In this episode, David analyzes skills and experiences to discover what areas, industries, or types of businesses are suitable for someone. He provides actionable steps to list down all roles, responsibilities, and duties a person had and assess that to extrapolate the business that best suits them. 

In this episode you will learn:

• Self-assessment to know the business that fits you
• Issues like risk adversity when an owner is not for the business
• What is changing in an industry amid the pandemic?
• Why small businesses have relatively low multiples
• How to know when markets are saturated

About David Barnett:

Barnett loves to say that it took him ten years to unlearn what he was taught in business school. Although university had trained him to be a middle-manager in big enterprises, he was totally unprepared for the realities of small business.

After a career in advertising sales, Barnett started several businesses, including a commercial debt brokerage. Helping to finance small and medium-sized businesses led to the field of business brokerage. Over several years, Barnett sold dozens of businesses for others while also managing his portfolio of income properties and starting his career as a local private investor. Barnett regularly consults with professionals and banks on business and asset values.

Presently he works as a private transaction advisor with people around the world who are buying or selling a business.

When is it safe to start my next business? Serial Entrepreneurship

 

An anonymous viewer wants to know when he can start his next business.

I’ve met many serial entrepreneurs over the years.

One who actually had started over a dozen businesses over 40 years!

This week’s question is about what needs to happen in order for someone to be ready to move on to the next business.

Also, does it even make sense?

Would a person be better off just selling and moving on?

Learn more in this week’s video: https://youtu.be/OgzWAUmdYl8  

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.CallDavidBarnett.com

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  

Should a smallbiz offer payment plans to customers?

 

Jeremy, a lawyer, wants to know if it makes sense to offer payment plans to customers.

As far as I’m concerned, payment terms are a part of the price.

Price is one of the 4Ps of marketing.

So, the real question is…

What am I selling and who does it appeal to and what is that person’s financial position?

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

Find my books and others I like in my Amazon store over at https://www.amazon.com/shop/davidbarnett

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