Passive Income and Keep Your Job with an online business!

 

Jaryd Krause gives us the rundown on buying small passive income online businesses.

Notes from Jarryd…

Empire Flippers - https://empireflippers.com/
FeInternational - https://feinternational.com/
Investors Club - https://investors.club/
Quiet Light - https://quietlight.com/
Motion Invest - https://www.motioninvest.com/
Flippa - https://flippa.com/

Jaryd's YouTube Channel - https://www.youtube.com/channel/UCQ3g6G2USlnq7EgnUsajTBw?sub_confirmation=1
Jaryd's Due Diligence Framework - https://buyingonlinebusinesses.co/duediligenceframework

Tune in to the live premier or watch the replay here: https://youtu.be/BlMOO4F5epw

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

Learn to sell your business https://www.HowToSellMyOwnBusiness.com

Build a proper cash flow forecast for any business https://www.BizPlanSchool.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

Formula of the Zero Down Buy a Business Deal.

 

Wayne says its ok to buy a business with no money if the cash flows. Does it?

Videos mentioned within:

·         Non-Financial Considerations when you buy a small biz https://youtu.be/nV-h9tm1Gkk
·         Questions on Seller Financing https://youtu.be/YhEs5CG3uGs
·         Buy a Business with no money tab https://www.investlocalbook.com/p/buy-business-with-no-money.html
·         Using Machinery for collateral https://youtu.be/hojEFy-pFtc
·         Escape the Banker’s Rules Carefully https://youtu.be/W6WBiRp-LK4
·      Anatomy of a real no-money deal https://youtu.be/HLNmOvfok6A

Wayne suggests how to do a deal with no money.

It does make sense for a buyer, but what about the other players in this deal?

What do they think and how do you deal with their concerns?

Very important video, especially if you’re broke.

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

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

Learn to sell your business https://www.HowToSellMyOwnBusiness.com

Build a proper cash flow forecast for any business https://www.BizPlanSchool.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

Do Reps and Warranties have any value?

 

Alexia wants to know about the warranties offered by sellers.

If someone lies and costs you money, you sue them right?

But what if the solution costs more than the problem?

This is the issue with representations and warranties when we talk about small business transactions.

In order to deal with potential lies and misdeeds on the part of sellers, we need two powerful tools that we can use in the event there is a problem.

Watch here: https://youtu.be/LStVgWOM2LI

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

Learn to sell your business https://www.HowToSellMyOwnBusiness.com

Build a proper cash flow forecast for any business https://www.BizPlanSchool.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

Why bankers should love seller financing.

 

Nobody likes to lose money, especially bankers.

Buyers are trying to do deals that mitigate risk.

Sellers want the most money possible.

How might a seller help a banker feel comfortable doing a loan?

It may come down to the terms and conditions of the seller note.

Watch here: https://youtu.be/e3mAqBhS0-c

Learn how to buy an already-successful and profitable business even in the covid-recession of 2020 https://www.BusinessBuyerAdvantage.com   

Learn to sell your business https://www.HowToSellMyOwnBusiness.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

Why would a seller want to finance the deal?

Learn from your cousin on the other side of town.

Sellers: Do you tire of waiting to be paid or are you excited to be making a high-yield investment?

Perspective is important in how you approach the topic of financing the sale of your business.

Learn why you might need to be part of the financing solution of a business sale and why this may be an amazingly profitable turn of events.

Check it out in this week’s video: https://youtu.be/PO1M-_wq-m4

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

Learn how to Sell a business. https://www.HowToSellMyOwnBusiness.com

Learn how to make really amazing cash flow forecasts and business plans: https://www.BizPlanSchool.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   

Questions on Seller Financing

 

Owing money to a seller when buying a business.

This week I answer two questions about seller financing when buying a business…

One about whether a seller will sue you for the balance if there is a default.

Another about the ideal amount of financing that should be used when buying a business.

Check out my outrageous opinions in this week’s video: https://youtu.be/YhEs5CG3uGs

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

What is the collateral for a seller-financing note (VTB) ??

Hey everyone! 

Natalie and I just got back from an amazing trip to Croatia and Montenegro.  While there, one of my Balkan viewers, Tomo, submitted a question:

What serves as the collateral on a seller-financing note when buying a business?

Great question Tomo!

It’s exactly the same situation as when we buy a house or car.  It’s the thing we get that serves as collateral; The business.

So, why exactly, do so many sellers try to get buyers to pledge something else to be the collateral?

Watch and learn: https://youtu.be/CzbU6DCLsVo

Learn how to sell your own business and not pay a broker’s commission.  Enroll here: www.HowToSellMyOwnBusiness.com

Learn how to buy a business: Sign up here: www.BusinessBuyerAdvantage.com

---Stop missing my videos and other news. Get on my mailing list and choose what interests you. http://eepurl.com/brqqjb

John is a student with questions about how seller financing works… Listen

Hey there,

As I send this, I’m in Las Vegas at the PaperSource Note Convention.

It only seems natural that I should send out something to do with notes (or debts.)

So, I’m happy to let you know that John, a student from New York City, has sent me a list of questions about seller-financing notes.

Listen as I go through John’s list of questions concerning what happens when a business seller agrees to finance part of the purchase price of a business.

Remember, if you want me to answer your questions just send them in.  (Add cash if you want to skip to the top of the list 😉)

Listen here: https://youtu.be/7AEz_GiZpqA

Learn to sell your business properly and take my online exit-planning course here: www.HowToSellMyOwnBusiness.com

---Stop missing my videos and other news. Get on my mailing list and choose what interests you. http://eepurl.com/brqqjb

How to Borrow to Buy a Business with Undeclared Revenues - How To Buy a Business

Jolson wants to know how to convince a bank to make a loan for him to buy a business.  The problem is that the seller has not been declaring all the revenue and the financials look awful. 

What is a prospective buyer to do?

Great question… I love these kinds of sellers.

Why? Because they’ve made their businesses un-bankable by their tax-swindling ways. 

The only way they’re going to be able to sell their business is if the financing is provided in a different way which can be great news if you’re a buyer.

Let’s face it, banks can be difficult and time-consuming to deal with.  I always prefer to do a deal without them when I can.

Learn more about what I mean in the video I recorded to respond to Jolson.

Watch the video here: https://youtu.be/8pVgc2u07pU

Learn more about how to buy these types of businesses at www.BusinessBuyerAdvantage.com where you can access tons of information and enroll in my online course.

In fact, it’s so awesome that most of the people who enroll also sign up for my follow-up mentoring program to help them prepare to actually do a deal.  (The course is a great value and comes with a 30-day money-back guarantee!)  You can see how my whole buyer system works in this video from a few weeks ago: https://youtu.be/ooixMSaFf6Y

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I’m coming to Moncton, NB on March 30 and Toronto on May 10.  Seats are already filling up.  Find all my live events here: http://davidbarnett.eventbrite.ca .    

The Centre for Entrepreneur Education and Development in Halifax will be having me do two workshops in Halifax, NS on April 10.  Visit http://www.CEED.ca for more info.

Thanks and I’ll see you next time.

Use seller financing when buying a business to transfer risk

My session on Wednesday with a group of newly arrived immigrants was a full day of 'Business Buyer Secrets.'  One of the biggest secrets in buying a business is how to manage risk by using vendor financing.

I recorded a video with a few thoughts and an explanation of how this works.


Let me know what you think.  Again, more info next week about my online version of 'Business Buyer Secrets' which will be mixed with one-on-one and group coaching.