Myths about small business #3. This week: taxes, customers, prices, operations, absentee owners

 

David and Hugh tackle Small Biz Myths #3

This summer I asked viewers to send in small business myths they wanted me to challenge, tackle or otherwise comment on.

I had my assistant and Bishop’s University Business student, Hugh, sort them out and we’ve organized them into three different videos.

It’s a lot of fun!  This week we tackle the myths around taxes, customers, prices, operations, absentee owners and customer feedback.

Check it out here: https://youtu.be/2bGoS99wT-s

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

If you want help with those pesky business systems that were mentioned, go to https://www.EasySmallBizSystems.com

Book a call with me at https://www.clarity.fm/davidbarnett  

Stop missing my videos and other news. Join my email list here: https://www.DavidCBarnettList.com   

 

Join Kermit in being green and SAVE.

Feeling Green?

Kermit the Frog sang that it wasn’t easy being green.

Eco-coach Anca Novacovichi tells us that it can certainly be lucrative.

She and her team work on sustainability audits for businesses to help them be more environmentally friendly…

And reduce costs.

Her background as a business analyst and management consultant taught her that change has to pay.

This month, Anca is the special guest expert for members of the Business Buyer Adventure group coaching program.

I invited her to my public YouTube channel to talk a bit about our discussion for the private group members.

Watch the video here: https://youtu.be/Apg5JCF1Xb8

Learn how to buy an already-successful and profitable business: https://www.BusinessBuyerAdvantage.com   

Book a call with me at https://www.clarity.fm/davidbarnett  

Stop missing my videos and other news. Join my email list here: https://www.DavidCBarnettList.com   

#entrepreneurship #smallbiz #sustainability #savings

UGG-ly business #startup. Even a million dollar idea can cost years.

I’m going to start an amazing business and become a millionaire!

So many have had this dream.

Let me introduce you to someone who did it and what it really took to pull off…

Brian Smith is an Australian who moved to California to surf and meet girls.

He found his fortunes in importing sheep skin boots from Australia, but the path of that journey should make any excited entrepreneur stop and think.

Especially if you’ve got responsibilities like a mortgage, children, small pets, etc.

Watch the video here: https://youtu.be/cZbm0LO6lsM

Learn how to buy an already-successful and profitable business: https://www.BusinessBuyerAdvantage.com   

Book a call with me at https://www.clarity.fm/davidbarnett  

Stop missing my videos and other news. Join my email list here: https://www.DavidCBarnettList.com   

#entrepreneurship #smallbiz #startup #ugg 

Licenses and Permits when buying a business. How to Buy a small business.

If I can’t get the liquor license in time, should I delay the closing?

Well, I would.

Licenses and permits are your key to enter the weird world of government bureaucracy.

Sometimes it’s quick and easy.

Sometimes you have to wait 30 days and tell all the neighbours.

The thing to know though is that these rules change depending on which city, state, province or country you’re in.

Let me share some of my experiences when it comes to licenses and permits when buying small businesses.

Watch the video here: https://youtu.be/M8UH6Y2LrBM

Learn how to buy an already-successful and profitable business: https://www.BusinessBuyerAdvantage.com   

Book a call with me at https://www.clarity.fm/davidbarnett  

Stop missing my videos and other news. Join my email list here: https://www.DavidCBarnettList.com   

#entrepreneurship #smallbiz #license #permit #foodhandling #kitchen #bar

What is the best way to consistently find funding for deals?

Some of you are not going to like this.

You’ll miss out on seeing the cute waitress at the bar.

Nathan wants to know how he can consistently get funding for deals.

I’ll share my formula that I’ve seen work for almost all my successful clients.

HINT: It doesn’t involve financial #hacks or #ninjatactics

Cheers

Watch the video, I’m sure you’ll enjoy these bits of advice: https://youtu.be/vDQD6DFnsQg  

Learn how to buy an already-successful and profitable business: https://www.BusinessBuyerAdvantage.com   

Book a call with me at https://www.clarity.fm/davidbarnett  

Stop missing my videos and other news. Join my email list here: https://www.DavidCBarnettList.com   

#entrepreneurship #investors #loans #capital

Small Business Struggles and Testing Markets

How to tell if a business is struggling AND how to test if there is a market for a business.

This week I answer two questions from Eric:

Can you tell if a business is having trouble just from a visit?

How can you test the market for a business?

I explain one of the signs I look for in a business that shows they’re short of cash.

The answer to the second is to make a sale before you invest in anything else.

Watch as I share some insights from my experience: https://youtu.be/-QQyx_F4RTg

Learn how to buy a successful business at https://www.BusinessBuyerAdvantage.com

Book a call with me at https://www.clarity.fm/davidbarnett

Stop missing my videos and other news. Join my email list here: https://www.DavidCBarnettList.com

See more on the struggles small businesses face here: https://www.companydebt.com/biggest-struggles-for-small-business-owners/

#entrepreneurship #smallbiz #business #market #sales #failure

Small business customer and client contracts and service agreements

Do you use the right paperwork with your customers or clients?

Braden works with small business owners all over the US and gives us some insight into the trouble and fixes regarding engagements.

The advice is practical no matter where in the world you are.

What does a good client contract need?

What’s wrong with what many businesses use?

I even tell a funny story about how I changed a contract before signing it without the other party realizing it.  It’s good.

Seriously, it’s not boring.

Watch the video of our chat here: https://youtu.be/UNhSD1R7JH4

Learn how to buy a successful business at https://www.BusinessBuyerAdvantage.com

Get an Audible subscription and listen to my book How to Sell My Own Business: A Guide to selling your own business without paying a broker’s commission for FREE.

Book a call with me at www.clarity.fm/davidbarnett

Stop missing my videos and other news. Join my email list here: www.DavidCBarnettList.com

#entrepreneurship #smallbiz #business #contract #legal

How to Sell Your Business for Millions -or not.

Can a lot of exciting hype help you sell your business for $50 million dollars?

How would you like to go down to your local ATM to see a billion-dollar bank balance shown on the tiny little screen?

Will the same 12 ‘easy steps’ to sell your business apply to all business owners equally?

It all sounds very fun and exciting and what’s wrong with that?

Today, Mike Finger from www.ExitOasis.com and I have a discussion about the most popular video on YouTube about selling your business and we’re a little worried about the information it provides.

One big question comes up that you should always be asking… who is this person speaking to and what is their motive?

Check out our conversation here: https://youtu.be/EXglG2GVQCw

Watch the original video we’re talking about here: https://youtu.be/ra42kfwySK0

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

Get an Audible subscription and listen to my book How to Sell My Own Business: A Guide to selling your own business without paying a broker’s commission for FREE.

Book a call with me at www.clarity.fm/davidbarnett

Stop missing my videos and other news. Join my email list here: www.DavidCBarnettList.com

#entrepreneurship #smallbiz #business #MandA #broker #M&A