5 Tips for Buying a Small or Medium Sized Business SMB

 

Everyone loves lists.

I list out my top 5 tips for buying a small business.

They have to do with planning, your gut, liquidity and more.

Check out Amazon for my book- 21 Stupid Things People do when Trying to Buy a Business to see the dumb things list.

Watch this week’s video here: https://youtu.be/NM0ZGZ2WXCk

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

How long does it take to find a business?

 

Eric is concerned after 18 months of looking. Should he be? Can he do more?

Firstly, in the video, I mention a business broker. His actual name is Curt Maier. Sorry Curt!

Eric writes to me because he’s been looking for a year and a half and is concerned.

Should he be?

What is Eric doing to find a business and is there something that can speed up this process?

I explore the market, the role of brokers and how much of the market they can really access for you and more.

Watch this week’s video here: https://youtu.be/UEvf1PRz-bY

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

Losing your house in a bad deal.

JT wants to know about losing a house to the bank

Can someone lose their house to the bank in a bad deal?

It’s not something that usually happens if you buy right.

What I’ve seen more of is people losing a house after their business becomes more successful.

There is risk in business, you need to offset this in your dealings outside the business.

Watch here: https://youtu.be/XNzqWU1e9NU

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

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 

 

Is your idea good or bad?

Investing means avoiding speculation, especially if it looks like investing when its not.

How can we mentally examine a business idea to see if we’re on the right track or not?

In this week’s video, I give a framework of three simple ways to look at a business to help point our the most obvious areas of concern.

With forethought, comes the opportunity for preparation which might keep you out of trouble.

Watch and I’ll try to ask the right questions:  https://youtu.be/0877ElO_cFE

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