DCB year in review and what to expect in 2024

***New Video Alert!

Happy Holidays!

We’re about to enter a new year and so today I discuss what I think my best content was of 2023 and what you can expect next year.

Also- the way to access over 13 hours of private content that you can learn from.

Find out in this week’s video: https://youtu.be/DPS5J5j2tq4 

Cheers

See you over on YouTube

David C Barnett

LIVE-David's Holly Jolly 2023 Christmas Eve Special!

Here's a festive treat for everyone! There's no better way to embrace the holiday season than by gathering with loved ones for a joyous feast or celebration. In the true spirit of the season, I'm thrilled to announce that I'll be continuing my tradition of hosting a special Christmas Eve live event. Join me on YouTube Live this Friday, December 22nd, at 1 PM Eastern Time and 2 PM Atlantic Time for an unforgettable experience that's expected to last around 4 hours. We'll have engaging conversations with some special guests, reflecting on their 2023 experiences and offering insights into what the upcoming year may hold. Get ready for an afternoon filled with laughter, warmth, and anticipation for the adventures that lie ahead! Rocky Lalvani, Host of the Richer Soul and Profit Answer Man podcasts. Rocky coaches entrepreneurs to implement the Profit First system in their businesses. https://profitcomesfirst.com/ Mike Finger, a former business owner, business broker and consultant who helps business owners prepare their businesses for sale. Mike is also the co-host of my new show Your Exit Squad. I’m sure we’ll be sharing some of the details of this program as season 1 is about to be released. https://www.ExitOasis.com https://www.YourExitSquad.com Henry Lopez, former car wash and suite salon owner and current co-working space and frozen yogurt shop owner will be visiting too. Henry is also a business coach and the host of the How of Business Podcast. https://www.thehowofbusiness.com/ Aaron Baer Providing Practical Legal Advice to Clients an entrepreneur first and a lawyer second - which allows him to tackle legal issues by putting himself in your shoes. https://www.rennoco.com/ Patrick Dichter has successfully executed a search for a CPA/Bookkeeping firm without being a CPA! He is now growing this company from being highly regional to a national service provider. https://www.appletreebusiness.com/ Lisa Forrest has over 30 years of experience writing loans under the US Small Business Administration’s (SBA) loan programs.https://www.linkedin.com/in/forrestlisa/ Mark Willis, from Lake Growth Financial. Mark is a channel sponsor and helps people secure his client’s financial future with the Bank on Yourself system. https://www.NewBankingSolution.com Marc Mawhinney, Three-time business owner and business coach to coaches will be stopping in. Marc is the host of the Natural Born Coaches Podcast. https://www.naturalborncoaches.com/ Finally, I’ve got Rick Nicholson who will be visiting near the end. Rick has owned seven different food/coffee businesses over the years and is a Wizard of Ads partner with Roy H Williams’ Austin, TX based organization. He’s also appeared this past year as a live guest on the YouTube channel. https://wizardofads.org/ As a live event, if you can join us during the broadcast, you’ll be able to post comments that I’ll be able to see and so it could be quite interactive for us. If you can’t make it and want to submit a question for me or any of the guests, just hit ‘reply’ and send me a note right now. If you can’t make it to the live broadcast, the recording will be available for you to see later and I’ll put the audio on my regular podcast feeds as well. See you! Cheers David Barnett

Do I need a Business Broker to buy a business

***New Video Alert!

Several people have asked if they need to get a business broker to help them buy a business.

No, you don’t.

But, it opens up a huge conversation about co-operation of brokers, fiduciary duties, agency relationships and more…

Like, who actually does protect your interests when you buy a business and makes sure you do a good deal?

Find out in this week’s video: https://youtu.be/-j_YCWTpqzw 

Cheers

See you over on YouTube

David C Barnett

Live - Take advantage of FREE business promotion with a little elbow grease. Guest Mickie Kennedy

 

Take advantage of FREE business promotion with a little elbow grease.

New Livestream guest-> Mickie Kennedy

I’m happy to have Mickie join me on a live broadcast.

Mickie Kennedy has been working in the promotion, public relations and press release industries for years.

Tune in and as we’ll be discussing how small businesses can take advantage of the media’s appetite for news in a cost-effective way.

This is a ‘must see event’ for business owners and anyone who will one-day own one.

Be sure to join live so that you can ask questions, replay will be available.

Set yourself a reminder on YouTube here: https://youtube.com/live/_EjKROe9Tyc 

We’ll be going live Monday December 18 at 12 Noon Eastern Time and 1PM Atlantic Time

See you there!

David C Barnett

Great Conversation with the Host of Buying Online Businesses Jaryd Krause and Will Smith

Entrepreneurs and business leaders engaged in the M&A process often encounter a journey fraught with uncertainties.

Negotiating with finesse, navigating the complexities of due diligence, and managing the evolution of corporate cultures are among the challenges requiring strategic acumen.

In this high-stakes setting, even seasoned professionals may find themselves standing at a crossroads, seeking the optimal path forward.
 

Watch my appearance at Buying Online Businesses Podcast:

See original show notes on the hosts episode page:

https://buyingonlinebusinesses.com/ep-249-ma-negotiation-strategies-growth-by-acquisition-blueprints-with-will-smith-david-barnett/ 

Unconventional Ways to Raise Partnership CASH to buy a SMB

 

***New Video Alert!

I tell the story of 4 young men who had a unique system set up to accumulate capital and de-risk their first acquisition.

Are you serious about buying a business?

Do you have colleagues or friends who are equally serious?

This might be something to get the wheels turning in your head…

The new video is here: https://youtu.be/Reayari3NBY 

Cheers

See you over on YouTube

David C Barnett

Live SBA Loan Brokers- Interview with Viso Business Capital Founder with Heather Endresen

 

New Livestream guest- Heather Endresen I’m happy to have Heather join me on a live broadcast. Heather Endresen has decades of experience in helping people obtain SBA loans while working as a banker. She’s now got her own brokerage up and running and is helping entrepreneurs in new ways. Tune in and as we’ll be discussing how SBA loan brokerage works and what the advantages of a broker can be. This is a ‘must see event’ for US entrepreneurs who want to learn all the tricks to accessing capital. Find Heather online at https://www.linkedin.com/in/heather-endresen/ https://twitter.com/EndresenHeather https://visocap.net/

Using AI to help buy a business

 

***New Video Alert!

We’ve all seen the clickbait articles about AI and the small business world.

Is it true?

Can AI really help you buy a small business?

I explore this in today’s video which has a particularly entertaining ending….

The new video is here: https://youtu.be/Omo9zCrhLJQ 

Cheers

See you over on YouTube

David C Barnett

I had a blast Conversation with Mark Podolsky host of TheLandGeek

How To Avoid Dumb Deals When Buying And Selling Small Or Medium Size Businesses

Listen as we Discuss this topic and concerned on his show

• The definition of small- or medium-sized business
• What is a dumb deal
• What’s a good deal
• Franchising
• Attributes of a perfect business
• The “Mandela Effect” in buying a business

Live Marriage issues and your Small Business with Edward Coambs

 

New Livestream guest- Edward Coambs I’m happy to have Edward join me on a live broadcast. Edward has years of experience in financial and retirement planning but is ALSO a certified Marriage and Family Therapist Associate in the State of North Carolina. Tune in and as we’ll be discussing how small business and entrepreneurship can affect your personal relationships. This is a ‘must see event’ for anyone who wants to try and win in both of these aspects of life. Be sure to join live so that you can ask questions, replay will be available. We’ll be going live December 04 at 12 Noon Eastern Time and 1PM Atlantic Time See you there! David C Barnett

SDE or EBITDA Which do I use?

***New Video Alert!

Should you be looking at SDE or EBITDA?

When do we use each and what is the difference?

It’s important.

The new video is here: https://youtu.be/pB1ZXBuilEs 

Cheers

See you over on YouTube

David C Barnett

P E and SMB How are they different

 

***New Video Alert!

Is business all about the numbers?

Or is there something more important at play.

Do your values as an owner have any place in business?

The new video is here: https://youtu.be/i7sCzmiAh_E 

Cheers

See you over on YouTube

David C Barnett

How To Sell A Business (Part 1): "Cash Flow is #1"

Get ready to uncover the insider secrets as I shares my wealth of knowledge, addressing popular misconceptions and steering clear of common pitfalls. Whether you're in the process of building a business with dreams of selling it in the future or navigating the complex landscape of buying or selling an already-established venture, this video series is your go-to resource. Watch the Video here:

How to Sell A Business - Part 2 ("When Branding Matters") with Lorraine Galvis

In this fun yet informative video series, "How to Sell Your Business", Lorraine and I chats about what entrepreneurs should be doing or thinking about if they plan to buy or sell a business. In Part 2 of this series, "When Branding Matters", Lorraine and I talk about what buyers are looking for when they are planning to buy a business and how entrepreneurs can make their businesses worthy of being acquired.

A great conversation with the host of The Note Closer Show Scott Carson

The Art of Buying A Business with David Barnett

95% of people say that they want to be entrepreneurs or business owners. But instead of starting a new business, have you ever thought about buying an existing one? In this episode, Scott Carson and I talks with seasoned business broker, about the ins, outs, and the art of buying or selling a business.

 

Q3 BizBuySell Insight Report Commentary- Buy or Sell a Small Business 2023

 

***New Video Alert!

Do you love statistics?

I love statistics too. 

This week, I review the BizBuySell 2023 Q3 Insights Report and let you know what I think.

The new video is here: https://youtu.be/9zoeUaR_gPw 

Cheers

See you over on YouTube

David C Barnett

Do the multiples matter? Why pricing based on SDE might hurt you.

 

***New Video Alert!

What multiple should you pay?

What makes sense?

Today, I dive into a very common industry to demonstrate the problems with the xSDE method of valuing a business.

The new video is here: https://youtu.be/ugYPs7tuD8g 

Cheers

See you over on YouTube

David C Barnett

 

How can a Business Broker Close the Deal

 

***New Video Alert!

One of you applied for a job as a business broker and was told that ‘closing the deal’ was tough to do.

Do business brokers close deals?

I don’t think so.

Watch my opinion and see what you think.

The new video is here: https://youtu.be/Ze6r58WdEKo 

Cheers

See you over on YouTube

David C Barnett

Very very Small Businesses. The Assets + SDE Valuation Method

 

***New Video Alert!

How can Zafer value his small grocery store?

Is it as simple as adding up the contents and then adding some goodwill value?

What should this goodwill amount be?

We dive in to one method which attempts to do this… Assets + SDE.

Watch it here: https://youtu.be/u76t1zunMEk 

Cheers

See you over on YouTube

David C Barnett

Demonstrate your ability to close

 

***New Video Alert!

Why aren’t brokers and sellers getting back to you?

One business seller shares his story.

Avoid this by learning an important skill… Demonstrating the ability to close.

Watch it here: https://youtu.be/wwYLHtmrW1Q

Cheers

See you over on YouTube

David C Barnett

 

How are those SBA changes shakin’ out? with guest SBA Ray Drew

 

New Livestream guest- Ray Drew aka ‘SBA Ray’ 

I’m happy to have Ray join me on a live broadcast. Ray is a podcast host in the SMB lending space and a Managing Business Development Officer at Fund-Ex Solutions, a non-bank SBA lender. 

Tune in and as we’ll be discussing the whirlwind of change that’s been happening this summer with SBA 7(a) loans. This is a ‘must see event’ for American business owners and searchers. 

Find Ray online at https://www.sbaray.com/

Why do SMB prices take so long to change

 

***New Video Alert!

In the world of real estate, if a house doesn’t sell, we see a price reduction.

Why doesn’t this seem to happen in SMBs?

Why does it take so long for prices to change if at all?

It has to do with the way the market works… or doesn’t.

Watch it here: https://youtu.be/-vCXDk16zb0 

Cheers

See you over on YouTube

David C Barnett

Terms of Sale Increase Value with Mark Podolsky

***New Video Alert!

In the world of buying and selling businesses, we often discuss seller financing.

Well, this week, I bring on guest Mark Podolsky who sells bare land and finances his buyers.

We discuss how the terms of sale have a big impact on the prices he achieves.

Watch it here: https://youtu.be/V5ro0cnjb3Y

Cheers

See you over on YouTube

David C Barnett

 

What Multiple of SDE to Pay for the Risk

 

***New Video Alert!

I got a question from an email subscriber asking what multiple of SDE he should pay for a business to justify the risk of leaving his job.

Good question. I think I give a pretty justified response.

Watch it here: https://youtu.be/DArwVgBI3hU 

Cheers

See you over on YouTube

David C Barnett

LIVE - USA E2 Visa via Franchise: Challenges & Opportunities

 

USA E2 Visa via Franchise: Challenges & Opportunities 

New Livestream guest-> Jeremy Bollington

I’m happy to have Jeremy Bollington join me on a live broadcast.

Jeremy Bollington has helped entrepreneurs achieve freedom through franchise ownership.

Tune in and as we’ll be discussing the challenges and opportunities of using a franchise investment to facilitate an E2 visa entry into the United States..

A ‘don’t miss’ event for global entrepreneurs who are considering a move to the USA

Be sure to join live so that you can ask questions, replay will be available.

Set yourself a reminder on YouTube here: https://youtube.com/live/XQqmVBo_QU8 

We’ll be going live Monday September 25, 2023 at 12 Noon Eastern Time, 1:00 PM Atlantic time

See you there!

David C Barnett

Thanks to our sponsors:

Mark Willis of Lake Growth Financial Services. Build an equity asset that is guaranteed to grow over time, never lose value and give you access to liquidity whenever you need it without having to qualify for credit- EVER. Learn more and sign up for a no-obligation consultation at https://www.NewBankingSolution.com 

If you enjoyed this show and want more great small business content, head over to https://www.SMBPodcastNetwork.com and find more great shows and conversations.