In this episode, David Barnett shares his extensive experience in business acquisitions, discussing the intricacies of buying and selling small businesses. He emphasizes the importance of understanding cash flow, the role of business brokers, and the common pitfalls that both buyers and sellers face. David also highlights the significance of preparing a business for sale and the impact of financing on business transactions. Throughout the discussion, he provides valuable insights into evaluating business opportunities and the realities of entrepreneurship.
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