David C Barnett Small Business & Deal Making

Tonight I had John Warrillow on as a live guest talking about building value and exiting a business. John shared some of his own experiences and things he's seen from the world of exits. Learn more about John at https://builttosell.com/

https://www.BusinessBuyerAdvantage.com https://www.HowToSellMyOwnBusiness.com Learn more at https://www.DavidCBarnett.com Related article... 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 business broker smb business brokers vendor take back

What, besides the numbers, is important? People buy a business for many reasons. In this week’s video, I’ll challenge you to consider whether you’re qualified to run the business AND whether it will take you where you want to go. Watch here: https://youtu.be/nV-h9tm1Gkk 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 business brokers smb mergers and acquisitions mergers and acquisitions basics

https://www.BusinessBuyerAdvantage.com https://www.HowToSellMyOwnBusiness.com Learn more at https://www.DavidCBarnett.com Related article... Landlord wants more, what does that mean for me? Zafer says that his rent sometimes seems high, sometimes seems low. How can you tell if it’s the right price? What does it mean if local rents are going up? What if you own and you are your own landlord? Watch the video and I’ll tell you what I look for when analyzing a business’ expenses. Watch: https://youtu.be/FVuvjpIBd60 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 commercial real estate smb mergers and acquisitions commercial real estate investing how to invest in commercial real estate

Original show notes: ------------------------------------------ Please give a very warm welcome to the show David Barnett. Top 3 Amplifiers: 1. Defining a small business 2. Why buy a business over starting a new one 3. Common mistakes to look for when buying a business To listen, find other episodes, access the show notes, and find out more go to www.amplifyto7figures.com. Enter the giveaway here: https://amplifyto7figures.com/giveaway Find this podcast on iTunes: https://go.amplifyccom.com/itunes

If I had known this earlier, I would have wasted less time. Sometimes our thinking has biases that we don’t even know are there. When these biases limit our thinking, it can prevent us from seeing the truth. In this week’s video, I explain what I’ve learned over fifteen years that made a big change for me about a decade ago when I look at a business. This tip can save you a lot of wasted time and money. Watch: https://youtu.be/t2a-e68-Y_A 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 business broker smb mergers and acquisitions how to buy a business investor

Original Notes: IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 2:23 How David got on the journey of helping entrepreneurs 12:25 Positioning a business to be attractive for buying 15:57 Top 5 reasons why business go for sale 19:30 Mistakes that sellers often make 23:46 The “dream” of selling a small business for $1 million 25:07 Development of small businesses in Canada 30:03 Understanding the terms of sale 37:07 The role that insurance plays in business and transferability 45:10 Who David wants to be a hero to

https://www.BusinessBuyerAdvantage.com https://www.HowToSellMyOwnBusiness.com Learn more at https://www.DavidCBarnett.com Related article... The cash flow is not always the cash flow. Paul sent in a question about the difference between Net Income, Cash Flow and SDE. What is the difference and when do we use them? What danger is there when we don’t understand the numbers? Many people mess this up and end up working for nothing in their own business. Watch here: https://youtu.be/E0IEGtsIE1o Learn how to buy an already-successful and profitable business even in the covid-recession of 2020 https://www.BusinessBuyerAdvantage.com Learn cash flow forecasting and business plan writing at https://www.BizPlanSchool.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 business brokers mergers and acquisitions smb buy a business investing financ

https://www.BusinessBuyerAdvantage.com https://www.HowToSellMyOwnBusiness.com Learn more at https://www.DavidCBarnett.com Related article... Asking for 2% more should not be what you’re afraid of. Fear the feeling that you can’t. Eric wants to know about strategies for raising prices in a manufacturing context. A relationship is about value which can be about more than just price. Relationships also mean frequent contact and mutual understanding. If you’re afraid to raise the price, then maybe there’s something else missing from the relationship? Watch: https://youtu.be/np9KDSCUhzw 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 b2b sales b2b sales process smb mergersandacquisitions business bro

Today on The Wealth Secrets Podcast, Sean Adams welcomes back David Barnett, business consultant for small to medium sized enterprises and the bestselling author of Invest Local and other titles. His decades long of combined experience at Yellow Pages, American Express, and business brokerages have made him an expert in business buy and sell, business valuation, and deal making. David shares his tips for how to invest in cash flowing businesses and how to add value as an investor. [03:26] Getting to know David Barnett [08:01] Buying a business VS starting a business [11:41] What to consider before buying an existing business [16:12] Delegate responsibilities not tasks [22:42] Goodwill and how it affects business valuation [34:02] A cash flowing business is an active investment [37:34] Opportunities to improve a business’ underutilized assets [44:39] Where to find investment opportunities The biggest risk in starting a business is the uncertainty of reaching your breakeven point. It’s even more challenging

https://www.BusinessBuyerAdvantage.com https://www.HowToSellMyOwnBusiness.com Learn more at https://www.DavidCBarnett.com Related article... 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 business brokers mergers and acqu

https://www.BusinessBuyerAdvantage.com https://www.HowToSellMyOwnBusiness.com Learn more at https://www.DavidCBarnett.com Related article... You don’t want to waste your time with someone who’s just fishing. Neil wrote in to ask how he can measure if a seller is serious or not when you find a business advertised for sale. It’s all about investment in the process and you can measure this with just a few questions. Watch and I’ll show you how: https://youtu.be/4qoVsmKF8yo 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 business brokers merger and acquisition exit planning smb

https://www.BusinessBuyerAdvantage.com https://www.HowToSellMyOwnBusiness.com Learn more at https://www.DavidCBarnett.com Related article... When it’s too good to be true. Do you believe people will pay money in order to help you get ahead? Do you believe that an opportunity for amazing investment returns will come knocking on your door? Do you believe everything you read and hear? Not only do we need to think about what we’re hearing, we need to understand the motivations of the source. Today’s recording is a little bit different. Watch and learn more here: https://youtu.be/G-2Yc4wRd7M 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 business broker mergers and acquisitions types of mergers and acquisitions mergers and acquisitions for beginners smb

https://www.BusinessBuyerAdvantage.com https://www.HowToSellMyOwnBusiness.com Learn more at https://www.DavidCBarnett.com Related article... How can you exit a business without using a broker? Well, actually, there are a whole list of ways to do it. Keep in mind though, that ‘exit’ doesn’t always mean ‘sell.’ Watch and learn more here: https://youtu.be/33XaNDt7qVc Learn all the ways I can help you exit a business at https://www.HowToSellMyOwnBusiness.com 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 entrepreneurs business broker business brokers mergers and acquisitions smb

Join Yat-Long and I as we cover some exciting drama and tell you about some amazing features we have planned for the summer. -1st travel experience since the 'rona -Near death experience in a flooded elevator -The minivan saga -Xmas in the summer -Weight Loss Challenge -Small Business Systems https://www.EasySmallBizSystems.com The video about ROI Lies is here: https://youtu.be/74ISnsgtwlM

https://www.BusinessBuyerAdvantage.com https://www.HowToSellMyOwnBusiness.com Learn more at https://www.DavidCBarnett.com Related article... Will a 229% ROI make you want to do this deal? I was asked my opinion on a widely publicized book about buying businesses. It’s got a big fat problem. The author overstates the rate of return and potential benefit of buying a business. Instead of just being critical, I take his example apart and show you step by step what is wrong with it. Check out my outrageous opinions in this week’s video: https://youtu.be/74ISnsgtwlM Learn to make cash flow forecasts and business plans at https://www.BizPlanSchool.com Learn how to buy an already-successful and profitable business in a risk-reduced way even in the covid-recession 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 business brokers mergers and acquisitions return on equity

https://mitchrusso.com/ https://clientfol.io/client/ Mitch Russo has founded and sold businesses and been active as a business coach since the 90's. He's even worked with Tony Robbins. In today's broadcast, we're going to discuss some of the lessons he's learned and learn about how his coaching business has created the foundation for another software business. The longer you're in business, the more opportunities you see. Subscribe to my email list https://www.DavidCBarnettList.com

Listen to my fun conversation with Ryan Condie as we dive into… — Don’t Start a company from scratch, Buy a Foundational Company First — How to get a deal done — Cash Flow Forecasts — Buyers and Sellers need to Collaborate — SMB’s are barely away from falling off a cliff… For more information about this episode, check out Ryan's website: https://www.letsbuyabusiness.com Learn how to buy an already-successful and profitable business in a risk-reduced way even in the covid-recession https://www.BusinessBuyerAdvantage.com Book a call with me at https://www.clarity.fm/davidbarnett Join my email list here: https://www.DavidCBarnettList.com

https://www.BusinessBuyerAdvantage.com https://www.HowToSellMyOwnBusiness.com Learn more at https://www.DavidCBarnett.com Related article... Paul’s journey to learn the Jedi arts… Paul reached out to me to find out where he needs to go in order to learn about the trade of business brokerage. I take some time to review the experience, skills and resources any person would need to be successful as a business broker. With particular attention to how and from WHOM you should gain some real-world experience. Check it out in this week’s video: https://youtu.be/0qd6xRNN-I4 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:

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 owner will carry seller financing business broker seller note