David C Barnett Small Business & Deal Making

***New Video Alert! Do you have a problem with your chart of accounts? If your financial statements are not a regular part of your management decision-making process, it’s probably because they don’t contain the information you need. The time to fix that is now, before you flip the calendar to 2025. I show you what to do in this week’s video… Watch right here: https://youtu.be/oUUwXx9riRI Cheers See you over on YouTube David C Barnett

Essential CRMs to help small businesses get SALES!! New Livestream guest- Jon Ferrara, CEO of Nimble I’m happy to have Jon join me on a live broadcast. He has decades of experience in sales, sales management and creating systems to make sales happen more effectively. Tune in and as we’ll be discussing what kinds of features you really need in a customer relationship management system (CRM) and what features are promoted as important, but nobody really uses. This is a ‘must see event’ for any business owner who lacks the insight into what’s happening with their sales efforts. Be sure to join live so that you can ask questions, replay will be available. We’ll be going live Monday December 16, 2024 at 1PM Atlantic Time and 12 Noon Eastern Time See you there! David C Barnett ---- Find Jon Ferrara online at https://www.linkedin.com/in/jonvferrara/ Website: https://www.nimble.com/

Landlord Issues When Buying Or Selling A Business by David C Barnett

What the heck is Ethical Franchising? Why does this term need to exist? New Livestream guest- Giuseppe Grammatico I’m happy to have Giuseppe back on the show to join me on a live broadcast. Giuseppe has been helping people choose the right new franchise opportunity for years. Tune in and as we’ll be discussing Ethical Franchising. What the heck is it? Why does such a term need to exist? What does unethical franchising look like? This is a ‘must see event’ for anyone who may consider getting into a franchised business. Find Giuseppe online at https://ggthefranchiseguide.com/ Find my interview with Megan about Beefaroos here: https://www.youtube.com/live/kYp3DqRNqyM?si=VvrRd8AGLK6Wrq6C P.S. don’t forget… I wrote a book on the dangers of the franchise business model. Franchise Warnings is available from my blog site and from Amazon stores worldwide. https://www.DCBBookList.com

New- 2nd Edition of '21 Stupid Things People Do When Trying to Buy a Business' New- 'David C Barnett's Small Business and Deal Making Glossary' Available from Amazon https://www.DCBBookList.com or in pdf at https://www.DavidCBarnett.com

***New Video Alert! The most common question I get… How much do I need. This week, I break it down and show you a rule of thumb I’ve shared with hundreds of clients over the years. Watch right here: https://youtu.be/RllPWOHB2yg Cheers See you over on YouTube David C Barnett #businessbroker #bizbroker #businessbrokers #smallbusiness #mergersandacquisitions #smallbiz #downpayment #investment #equity #equityinjection

***New Video Alert! How do most small business owners end up posting ads that don’t sell their business? They make the most common mistake that I see repeatedly. They don’t understand the difference between the selling price of a business and the value of its cash flow. In most cases, this is not the same number. Most business brokers are clueless about this. Watch right here: https://youtu.be/on4RmO0egMM Cheers See you over on YouTube David C Barnett #businessbroker #bizbroker #businessbrokers #smallbusiness #mergersandacquisitions #smallbiz #mistakes #fail #operatingcapital #capitalpeg #workingcapitaladjustment

***New Video Alert! Are you a business owner who plans to retire one day? Are you a financial or investment advisor? Watch and I’ll show you the Achilles Heel of your plans and how to make them better. Most business owners who can’t retire FAILED to spot this problem and their advisors were never informed enough to point it out. Watch right here: https://youtu.be/vNRvGircerk Cheers See you over on YouTube David C Barnett

Employee Ownership Trusts in Canada New Livestream guest- Jon Shell I’m happy to have Jon join me on a live broadcast. Jon built a PE-backed rollup in the veterinarian space and now is the Chair at Social Capital Partners, a Toronto-based organization with the goal of helping more employed people enjoy the benefits of business ownership. Tune in and as we’ll be discussing new rules in Canada regarding employee ownership trusts. This is a ‘must see event’ for people that might want to sell their company to employees. These new rules are based on concepts that have been available in the US and UK for quite some time and the conversation may also be interesting to viewers in those countries as well. Find the site Jon mentioned here: https://www.employee-ownership.ca/ Find Jon on Linkedin here: https://www.linkedin.com/in/jon-shell-8952491/ Find the video on leveraged buy outs here: https://youtu.be/UrBLOtRY0OI

Book your Holiday Chat call now: https://calendly.com/dbarnett/2023-holiday-chatsecretcode Learn about the Black Friday deals... - Join David's email list so you never miss any new videos or important information or insights, https://www.DavidCBarnettList.com

***New Video Alert! Can you buy a business that requires a license when you don’t have one? Maybe, depends on where you are. But there are pros and cons to these businesses and industries that people don’t quite understand until they’re in the industry. This week, we discuss whether it makes sense to chase a licensed business and if it’s worth the hassle. Watch right here: https://youtu.be/DP6gFIYcj48 Cheers See you over on YouTube David C Barnett

***New Video Alert! What if you can’t find the business you like in your local area? Does it make sense to buy one in another city or state if you don’t have the intention of moving? I’ve known several investors who have pulled this off. This week, we’ll look at the considerations you need to ponder before deciding to go and do this kind of deal. You’ll see in today’s video: https://youtu.be/l2pDy-CI3d0 Cheers See you over on YouTube David C Barnett

Spencer Raises MiLLION$$$ New Livestream guest- Spencer Hilligoss I’m happy to have Spencer join me on a live broadcast. He’s been busy doing private real estate deals and he’s raised millions of dollars via syndication deals. Tune in and as we’ll be discussing how his business operates and what it’s like to attract and accept investor money. If you think you’re just gonna ‘get investors’ this episode is for you as we’ll be discussing all the realities of being responsible for other people’s money. This is a ‘must see event’ for people who need to raise cash to get deals done. Find spencer online at Madison Investing here: https://www.madisoninvesting.com/ Be sure to join my email list so you never miss any new videos at https://www.DavidCBarnettList.com

In this episode of The Profit Answer Man, David C. Barnett, a seasoned expert in buying and selling small businesses shares his insights into the world of business acquisition versus starting a new business. We dive into what makes a business "sell-ready" and explore how preparing your business for sale can improve not only its value but also its profitability and enjoyment. If you're considering growth, David offers invaluable advice on leveraging acquisitions as a path to expansion.

***New Video Alert! I’ve met hundreds of successful business owners over the years, and we sometimes talk about their investments. This week, I show you where they invest their money and why. Also- why the personal finance advice you get online likely would be very bad advice for you if you own a business or intend to buy one. You’ll see in today’s video: https://youtu.be/GlqCelWVNb0 Cheers See you over on YouTube David C Barnett

Live Financial Planning for Biz Owners New Livestream guest- Jennifer R. Lee Author, Founder of Modern-Wealth I’m happy to have Jennifer R. Lee join me on a live broadcast. Jennifer R. Lee is a Florida Financial Planner. She works mainly with women going through divorce who are or are leaving entrepreneurs. We’ll be discussing all things financial planning, how she addresses this very specific client group and the particular concerns you might have if you’re doing well in business and may be planning or afraid of a divorce!! Be sure to join live so that you can ask questions, replay will be available. See you there! David C Barnett Personal Linkedin: linkedin.com/in/jennifer-lee-awma®-aif®-1b5aa56 Website: https://modern-wealth.com/ LinkedIn: https://www.linkedin.com/company/modern-wealth-llc/ Be sure you're on the email list at https://www.DavidCBarnettList.com

***New Video Alert! Yes, you can buy a business quickly. In this week’s episode, I dive into a case study of someone who did just that and add my commentary about the lessons learned. Buckle up for this ride: https://youtu.be/uN8pZ5cCcic Cheers See you over on YouTube David C Barnett

New Livestream guest- Mani Ellefson, the Hands-off CEO Leader, podcast host and author. I’m happy to have Mandi join me on a live broadcast. She’s built a business out of helping entrepreneurs get out of the day to day of operations and truly be free to work ‘on’ their businesses. She hosts a podcast on the topic and is the author of The Hands-Off CEO which is a great book. Tune in and as we’ll be discussing how to develop or hire an operations manager in your business. This is a ‘must see event’ for anyone who doesn’t want to be doing this job themselves 50 hours a day forever while they’re in business. https://book.handsoffceo.com/book https://www.linkedin.com/in/mandiellefson/ Be sure you're on the email list at https://www.DavidCBarnettList.com

David gets invited to give feedback on a panel of small business owners around the topic of whether someone should buy their family furniture business. --Original Show notes--- This week, in episode 214, we bring you another Entrepreneurial Fish Bowl with Chris Hutchinson of Trebuchet Group (https://www.trebuchetgroup.com/ ) . As you may remember, this is a virtual exercise where we offer a business owner—or in this case a potential business owner—the opportunity to pose a challenge he or she is facing to a group of owners and entrepreneurs from the 21 Hats community as part of a brainstorming session. In this case, it was BaLeigh Waldrop who explained why she has mixed feelings about buying the Miller Waldrop (https://www.millerwaldrop.com/ ) furniture business that her parents own. As you’ll hear, BaLeigh has some real concerns: the business has been down of late, it’s predominantly brick-and-mortar, and she would have to work out an ownership structure with a younger brother. The 21 Hats brainstormers as

***New Video Alert! What if a rich person just offered to buy you a business? What would you ask about to make sure the deal was likely to complete? I’ll walk you through it in this week’s video: https://youtu.be/WX3MXtOF8RY Cheers See you over on YouTube David C Barnett