Podcasts about davidcbarnett

***New Video Alert! How do you know if you're being efficient with your operating capital? Inventory is cash tied up in your business. By calculating ‘turns' we can understand if you're doing a good job or not of managing this money. Watch this week's video here: https://youtu.be/ipPItWeKowc Cheers See you over on YouTube David C Barnett #businessbroker #bizbroker #businessbrokers #smallbusiness #mergersandacquisitions #smallbiz #buyabusiness #inventory #inventoryturnover #management **** - Join David's email list so you never miss any new videos or important information or insights, RECEIVE 7 FREE GIFTS!!- https://www.DavidCBarnettList.com **** Do Business with David using these incredible internet links... - David's Blog where you can find hundreds of free videos and articles, https://www.DavidCBarnett.com - Book a call with David and let him help you with your project, https://www.CallDavidBarnett.com - Learn how to buy a successful and profitable business in a risk-controlled way https://www.BusinessBuyerAdvantage.com - Get help selling your business, https://www.HowToSellMyOwnBusiness.com - Get better organized in your business, https://www.EasySmallBizSystems.com - Learn to make better cash flow forecasts and write incredibly effective business plans from scratch!, https://www.BizPlanSchool.com - Learn to build an equity asset with insurance! visit https://www.NewBankingSolution.com -Did you sign up for an expensive Merchant Cash Advance for your business and now struggle to make the payments? Find out how you can negotiate your way out at https://www.EndMyMCA.com

PREMIERE- Peter Roth- Building Call Centres New YouTube Premiere interview guest- Peter Roth I'm happy to have Peter join me for a conversation. Peter has years of experience in sales and marketing for home service companies and, in particular, setting up and running outbound sales call centers. Peter and I discussed the value of a call center in 2025, what they look like, what the metrics look like and whether this should be something you want to consider. It's all about controlling a ‘wholesale source of leads to your business' as Peter puts it. This is a ‘must see event' for business owners or those who will one day. Set yourself a reminder on YouTube here: https://youtu.be/qxtMumX0uGg Premiere will be live Monday May 26, 2025 at 1pm Atlantic Time and 12 Noon Eastern Time See you there! David C Barnett **** - Join David's email list so you never miss any new videos or important information or insights, RECEIVE 7 FREE GIFTS!!- https://www.DavidCBarnettList.com **** Do Business with David using these incredible internet links... - David's Blog where you can find hundreds of free videos and articles, https://www.DavidCBarnett.com - Book a call with David and let him help you with your project, https://www.CallDavidBarnett.com - Learn how to buy a successful and profitable business in a risk-controlled way https://www.BusinessBuyerAdvantage.com - Get help selling your business, https://www.HowToSellMyOwnBusiness.com - Get better organized in your business, https://www.EasySmallBizSystems.com - Learn to make better cash flow forecasts and write incredibly effective business plans from scratch!, https://www.BizPlanSchool.com - Learn to build an equity asset with insurance! visit https://www.NewBankingSolution.com -Did you sign up for an expensive Merchant Cash Advance for your business and now struggle to make the payments? Find out how you can negotiate your way out at https://www.EndMyMCA.com

***New Video Alert! The new US administration has made changes to the SBA small business loan program. Today, I give a quick rundown of the changes and then tell you what I and others think of them. Watch this week's video here: https://youtu.be/CaVXLuVNqFk Cheers See you over on YouTube David C Barnett #businessbroker #bizbroker #businessbrokers #smallbusiness #mergersandacquisitions #smallbiz #buyabusiness #businessfinancing #7(a) #SBA Interview with Heather Endresen https://youtube.com/live/3432U6Q8ZPQ 2023 Loan changes Evil? https://youtu.be/wwUyQ-ePXk4?si=sP7LUbZZ9WDnN_Sr **** - Join David's email list so you never miss any new videos or important information or insights, RECEIVE 7 FREE GIFTS!!- https://www.DavidCBarnettList.com **** Do Business with David using these incredible internet links... - David's Blog where you can find hundreds of free videos and articles, https://www.DavidCBarnett.com - Book a call with David and let him help you with your project, https://www.CallDavidBarnett.com - Learn how to buy a successful and profitable business in a risk-controlled way https://www.BusinessBuyerAdvantage.com - Get help selling your business, https://www.HowToSellMyOwnBusiness.com - Get better organized in your business, https://www.EasySmallBizSystems.com - Learn to make better cash flow forecasts and write incredibly effective business plans from scratch!, https://www.BizPlanSchool.com - Learn to build an equity asset with insurance! visit https://www.NewBankingSolution.com -Did you sign up for an expensive Merchant Cash Advance for your business and now struggle to make the payments? Find out how you can negotiate your way out at https://www.EndMyMCA.com

Keep the best customers you've already won! New Premiere guest- Vance Morrison. I'm happy to have Vance stop by for a chat. He's got years of experience in his own home services business and learned customer service and relationship management from the best- Disney! Tune in and as we'll be discussing why most small businesses focus on acquisition rather than retention of customers. You only benefit from lifetime customer value if they keep calling back- duh. This is a ‘must see event' for entrepreneurs who want to keep building and have new customers come back time and time again. Set yourself a reminder on YouTube here: YouTube will be going live Monday May 19, 2025 at 1:00 PM Atlantic Time and 12 Noon Eastern Time See you there! David C Barnett Mentioned in this interview: https://www.linkedin.com/in/vancemorris/ https://yes.deliverservicenow.com/dsninstitute https://go.deliverservicenow.com/52-wow **** - Join David's email list so you never miss any new videos or important information or insights, RECEIVE 7 FREE GIFTS!!- https://www.DavidCBarnettList.com **** Do Business with David using these incredible internet links... - David's Blog where you can find hundreds of free videos and articles, https://www.DavidCBarnett.com - Book a call with David and let him help you with your project, https://www.CallDavidBarnett.com - Learn how to buy a successful and profitable business in a risk-controlled way https://www.BusinessBuyerAdvantage.com - Get help selling your business, https://www.HowToSellMyOwnBusiness.com - Get better organized in your business, https://www.EasySmallBizSystems.com - Learn to make better cash flow forecasts and write incredibly effective business plans from scratch!, https://www.BizPlanSchool.com - Learn to build an equity asset with insurance! visit https://www.NewBankingSolution.com -Did you sign up for an expensive Merchant Cash Advance for your business and now struggle to make the payments? Find out how you can negotiate your way out at https://www.EndMyMCA.com

***New Video Alert! Want to buy a business but find yourself embarrassingly broke? Here's a 90-day plan to get yourself in shape to be a real business buyer one day. Warning- work is involved. Download the plan here: https://dbarnett.gumroad.com/l/90DayChecklist/2rmx2e7 Watch this week's video here: https://youtu.be/7_JG6klOacA Cheers See you over on YouTube David C Barnett #businessbroker #bizbroker #businessbrokers #smallbusiness #mergersandacquisitions #smallbiz #buyabusiness #zerodown #nomoney #90dayplan #checklist **** - Join David's email list so you never miss any new videos or important information or insights, RECEIVE 7 FREE GIFTS!!- https://www.DavidCBarnettList.com **** Do Business with David using these incredible internet links... - David's Blog where you can find hundreds of free videos and articles, https://www.DavidCBarnett.com - Book a call with David and let him help you with your project, https://www.CallDavidBarnett.com - Learn how to buy a successful and profitable business in a risk-controlled way https://www.BusinessBuyerAdvantage.com - Get help selling your business, https://www.HowToSellMyOwnBusiness.com - Get better organized in your business, https://www.EasySmallBizSystems.com - Learn to make better cash flow forecasts and write incredibly effective business plans from scratch!, https://www.BizPlanSchool.com - Learn to build an equity asset with insurance! visit https://www.NewBankingSolution.com -Did you sign up for an expensive Merchant Cash Advance for your business and now struggle to make the payments? Find out how you can negotiate your way out at https://www.EndMyMCA.com

Tsunami of 'No Money' Buyers New Livestream guest- Markian Pergat I'm happy to have Markian Pergat join me on a YouTube Premiere Markian Pergat is an entrepreneur from the Ottawa, Ontario area. Tune in and as we'll be discussing Markian experience on how he got into running his own business and entrepreneurship. This is a ‘must see event' for people who are interested in running their own business too. Be sure to join our YouTube Premiere so that you can ask questions, replay will be available. Set yourself a reminder on YouTube here: https://youtu.be/NHggS-L9JcU YouTube Premiere will be going live Monday May 05, 2025 at 1PM Atlantic Time and 12 Noon Eastern Time See you there! David C Barnett

Today's live stream I answer your live business questions and dive into trending topics—from Canadian election impacts on small business to financing deals, late-paying customers, debt refinancing, and seller financing strategies.

YouTube Premiere - SBA 504 Green Loans New Premiere guest- Sol Rosenberg I'm happy to have Sol join me on a recorded session. Sol is an energy engineer. Tune in and as we'll be discussing the SBA's 504 Green loan. It's a variation on the normal 504 loan for buildings and big items of machinery. This is a ‘must see event' for American entrepreneurs who want to access more funding as the normal limits to the 504 program just don't apply to the green loans! Be sure to join live so that you can ask questions. Set yourself a reminder on YouTube here: https://youtu.be/Uakzs3xCsqw YouTube Premiere will be going live Monday March 24, 2025 at 1:00 PM Atlantic Time and 12 Noon Eastern Time See you there! David C Barnett

Learning from Failed SMB Acquisition Deals New YouTube Premiere guest- Jed Morris. I'm happy to have Jed join me on a live broadcast. Jed went from being a searcher to a suddenly excited rollup investor. Then, things went very bad. AND- he can't discuss it! Tune in and as we'll be discussing Jed's new book about the common reasons why small business buyers fail and why he can't talk about the reasons surrounding his own business closure and bankruptcy. This is a ‘must see event' for anyone looking to buy a business. Be sure to join live so that you can ask questions, replay will be available. Set yourself a reminder on YouTube here: https://youtu.be/QVt2b7Jt1PA YouTube Premiere We'll be live Monday March 10, 2025 1PM Atlantic Time and 12 Noon Eastern Time See you there! David C Barnett

Better advertising for your plumbing, HVAC, Electrical, etc business… New YouTube Premiere guest-> Ryan Chute. I'm happy to have Ryan join me on a live broadcast. Ryan has years of experience in advertising and is a Wizard of Ads partner. Tune in and as we'll be discussing better advertising strategies for home services businesses and playing some of his customer-winning ads for you to hear. This is a ‘must see event' for anyone seriously trying to build a brand in a market. Be sure to join live so that you can ask questions, replay will be available. Set yourself a reminder on YouTube here: https://youtu.be/Hp-iwyFHIZ0 YouTube Premiere We'll be going live Monday March 3, 2025 at 1PM Atlantic Time and 12 Noon Eastern Time See you there! David C Barnett

Disrupting the Flower Retail Market- Interview Premiere New Premiere guest- Michael Jacobson- French Florist I'm happy to have Michael join me on a live broadcast. He's got a story to tell you about how he came to own a flower shop and how he grew it to several locations before heading down the franchise path. AND- why flower retail is so ripe for innovation and disruption. Tune in and as we'll be discussing the retail flower industry and why it might be a great opportunity for someone. This is a ‘must see event' for people who like technology, marketing and are ‘industry agnostic.' Set yourself a reminder on YouTube here: https://youtu.be/0L0OwsTOBCY The interview plays live Monday February 17, 2025 at 1PM Atlantic Time and 12 Noon Eastern Time See you there! David C Barnett

Can you learn the value of your business online FREE? New Video Premier interview guest- Mike Finger. I'm happy to have Mike join me again on a live broadcast. Mike works with business owners and helps them get their business ready for sale. And- he knows what he's doing because he's sold four of his own businesses. Tune in and as we'll be discussing online business value calculators. This is a ‘must see event' for business owners who want an idea of what their business is worth. Be sure to join the premier live so that you can ask questions, replay will be available. Set yourself a reminder on YouTube here: https://youtu.be/hap_hJV78Ro We'll be going live Monday February 10, 2025 at 1PM Atlantic Time and 12 Noon Eastern Time See you there! David C Barnett

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

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

In this episode, we ask: What percentage of businesses successfully sell at all? Who is David C. Barnett? Would you like to hear David on Episode 154? How about a story? What are some of the hazards that new business owners run into all of the time? How did David get started? What did David...

In this episode of Finding Financial Freedom, author and entrepreneur David Barnett navigates the ins and outs of buying, running, and selling small to medium sized businesses.  With years of hands-on experience, David offers insights designed to explain the complexities of entrepreneurship, empowering listeners to approach each stage of business ownership with confidence and clarity. David dives deep into the critical factors that affect business value, including financial health, market trends, and industry conditions. He provides a roadmap for both buyers and sellers, guiding them on how to realistically assess value and negotiate profitable deals.  With expert advice on financing, hiring strategies, lead generation, and sales processes, David shows entrepreneurs, including physicians, how to increase profitability and prepare for successful business transitions. Key Topics Covered: 1. Common Reasons for Selling Over the years, David has identified the most common reasons entrepreneurs choose to sell their businesses, providing valuable insight into the decision-making process. 2. Tips on Valuing a Business David breaks down the key factors that go into assessing a business's worth, including financial health, market trends, and industry conditions, offering clarity for those looking to buy or sell. 3. The First Steps in Buying a Business For potential buyers, David outlines the crucial first steps to take when considering a business purchase, ensuring they start on the right track. 4. Opportunities and Risks During a Recession David discusses the pros and cons of buying businesses during economic downturns or distressed periods like COVID-19, highlighting key opportunities and risks. 5. Maximizing Sale Value David explains why most businesses sell for less than expected and offers practical tips for business owners to maximize their sale value and secure a better deal. 6. Increasing the Value of a Medical Practice David provides actionable advice on how physicians can make their practices more valuable, helping them prepare for a successful sale. Resources Mentioned: How To Sell My Own Business by David Barnett Join his list on: https://www.DavidCBarnettList.com David Barnett's YouTube channel: https://www.youtube.com/channel/UCbR8hQfFxBI4Idh4Zw65yZQ  David Barnett's Website:https://www.DavidCBarnett.com Listener Takeaways: Learn how to assess a business's value by considering financial health, market trends, and industry conditions.   Discover practical tips to increase your business's sales value and secure a more profitable deal.   Gain insights into the opportunities and risks of buying businesses during economic downturns, like recessions or a pandemic. Connect with Us: Host: Dr. Disha Spath, The Frugal Physician Guest: Travis Hornsby, CFA, CFP, Student Loan Planner Follow us on Instagram, Facebook, and Twitter for updates on upcoming episodes. Thank you for tuning in! Be sure to share this episode with anyone navigating student loan repayment.   This episode is sponsored by: PearsonRavitz – Helping physicians safeguard their most valuable assets.  This episode is also sponsored by FacetWealth – Discover how Facet is transforming financial planning for physicians with personalized, flat-fee financial planning—visit facet.com/frugalphysician to start building your financial future today.

Should you buy an existing business or start from scratch?

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.

David gets invited to Rocky Lalvani Show Profit Answer Man and talks about Buying vs. Starting a Small Business. 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. Check out the website: http://profitcomesfirst.com/

Buying VS Starting A Small Business with David Barnett   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. In this episode, you will learn: The key differences between buying an existing business and starting a new one. Why having a "sell-ready" business can make it more profitable—even if you don't sell it. Strategies for preparing your business to attract the right buyer. How to use acquisitions to grow and scale your business quickly and effectively. Key Takeaways: Sell-Ready Businesses are More Fun David emphasizes that businesses designed with a potential sale in mind often run smoother, making them more enjoyable to operate. Owners of sell-ready businesses tend to focus on systems, profitability, and efficiency, which naturally lead to better financial outcomes and less day-to-day stress. Buy vs. Start: Understanding the Mindset of a Buyer If you're planning to sell, understanding the buyer's mindset is crucial. Buyers are looking for businesses that are stable, profitable, and well-documented. By focusing on what potential buyers want, you can make your business more attractive and profitable. Growth Through Acquisition For business owners looking to expand, acquiring similar businesses can be a faster and often less risky way to grow. By purchasing businesses in other markets or regions, you can take advantage of your existing knowledge and systems, mitigating the risk that comes with starting from scratch. Make It Sell-Ready, Even if You Don't Sell Preparing your business as if you were going to sell it can have surprising benefits. When systems are in place and the business runs efficiently, owners often find themselves less eager to sell because the business is more fun and profitable to run. Bio: David C. Barnett is a former business broker who sold dozens of businesses before transitioning into consulting. His consulting practice helps business buyers and sellers navigate transactions without the chaos of the traditional commission-based brokerage model. He's the author of multiple books, including Buying Versus Starting a Small Business, and hosts a popular YouTube channel offering advice on business transactions and management. Although based in Canada, David works with clients worldwide, with a majority located in the U.S. Learn more about David at www.davidcbarnett.com. Conclusion: David's expertise offers invaluable insights for entrepreneurs, whether you're looking to sell, buy, or grow your business. Focusing on making your business sell-ready, even if you're not planning to sell, can lead to higher profitability, more enjoyment, and a business that's more attractive to potential buyers. If you're considering growth through acquisition, this episode provides a roadmap for scaling without the risks of starting from scratch.   Links: Blog: www.DavidCBarnett.com Linkedin: http://ca.linkedin.com/in/davidbarnettmoncton FaceBook: https://www.facebook.com/DBarnettMoncton/ YouTube: https://www.SmallBusinessAndDealMakingPodcast.com Soundcloud: https://soundcloud.com/dbarnettmoncton Instagram: https://www.instagram.com/dbarnettmoncton/ Twitter: https://twitter.com/DBarnettMoncton Email List Signup: https://www.DavidCBarnettList.com     Hi, I'm the Profit Answer Man Rocky Lalvani! I help small business owners simplify their financial reports to make more informed business decisions with fewer hassles. We utilize the Profit First system created by Mike Michalowicz Sign up to be notified when the next cohort of the Profit First Experience Course is available! Check out our website: http://profitcomesfirst.com/ Questions: questions@profitanswerman.com Email: rocky@profitcomesfirst.com Relay Bank (affiliate link) - https://relayfi.com/?referralcode=profitcomesfirst  Profit Answer Man Facebook group: https://www.facebook.com/groups/profitanswerman/ My podcast about living a richer more meaningful life: http://richersoul.com/ Profit First Toolkit: click here to sign up Music provided by Junan from Junan Podcast Any financial advice is for educational purposes only and you should consult with an expert for your specific needs. #profitfirst

QFF: Quick Fire Friday – Your 20-Minute Growth Powerhouse! Welcome to Quick Fire Friday, the Grow A Small Business podcast series that is designed to deliver simple, focused and actionable insights and key takeaways in less than 20 minutes a week. Every Friday, we bring you business owners and experts who share their top strategies for growing yourself, your team and your small business. Get ready for a dose of inspiration, one action you can implement and quotable quotes that will stick with you long after the episode ends! In this episode of Quick Fire Friday host Rob Cameron interviews David C Barnett, from Business and Asset Values. David shares key insights on buying, selling, and valuing businesses, drawing from his extensive experience. He discusses how his firm helps entrepreneurs navigate the complexities of mergers and acquisitions with a unique approach that simplifies the process. Discover how David's tailored strategies can help you maximize business growth and make smarter decisions in challenging markets Key Takeaways for Small Business Owners: Understanding Valuation: Knowing the true value of your business is crucial for both buyers and sellers. Proper valuation involves assessing market trends and financial performance.   Identifying Business Characteristics: Potential buyers should clarify the specific characteristics they desire in a business, such as industry type, capital intensity, and service offerings, to make informed decisions.   Navigating Market Challenges: In tough economic climates, having a solid strategy for buying or selling can help mitigate risks and enhance profitability. Our hero crafts outstanding reviews following the experience of listening to our special guests. Are you the one we've been waiting for?   Importance of Preparation: Sellers need to be well-prepared before entering the market, including understanding realistic pricing and potential financing structures to attract serious buyers.   Leveraging Industry Insights: Using industry benchmarks and financial modeling can help business owners identify areas for improvement and optimize their operations.   Recognizing Growth Opportunities: Many business owners are unaware of hidden growth potential within their operations, such as adjusting pricing strategies or refining service offerings to enhance profitability. One action small business owners can take: One actionable step small business owners can take, as highlighted by David C Barnett, is to regularly assess and understand their business's valuation. By conducting periodic valuations, owners can identify their company's worth in the current market, recognize areas for improvement, and make informed decisions regarding future growth strategies or potential sales. This proactive approach can enhance financial planning and prepare them for unexpected opportunities or challenges. Do you have 2 minutes every Friday? Sign up to the Weekly Leadership Email. It's free and we can help you to maximize your time. Enjoyed the podcast? Please leave a review on iTunes or your preferred platform. Your feedback helps more small business owners discover our podcast and embark on their business growth journey.

HC#012 Do you remember Chris from HC#007 in the 2022 Holiday Chats? https://youtu.be/9zU1yjhOA2E He bought a landscaping company without enough operating capital. Well, he came back to tell us how it went and is looking for some ideas on how to build on his first year in business. Do Business with David using these incredible internet links... - David's Blog where you can find hundreds of free videos and articles, https://www.DavidCBarnett.com - Join David's email list so you never miss any new videos or important information or insights, https://www.DavidCBarnettList.com - Book a call with David and let him help you with your project, https://www.CallDavidBarnett.com - Learn how to buy a successful and profitable business in a risk-controlled way https://www.BusinessBuyerAdvantage.com - Get help selling your business, https://www.HowToSellMyOwnBusiness.com - Get better organized in your business, https://www.EasySmallBizSystems.com - Learn to make better cash flow forecasts and write incredibly effective business plans from scratch!, https://www.BizPlanSchool.com - Learn to build an equity asset with insurance! visit https://www.NewBankingSolution.com -Did you sign up for an expensive Merchant Cash Advance for your business and now struggle to make the payments? Find out how you can negotiate your way out at https://www.EndMyMCA.com

HC#011 Buyer007 has a license to search! This anonymous caller wants help to figure out why he can't find good deals, why the sellers on bizbuysell are playing the Bait and Switch game and if a franchise might be the answer. If you listen to the end, however, you'll hear a really juicy part about his mistake in calculating his BATNA (Best Alternative to a Negotiated Agreement) as he forgot to include one really big cost/benefit of doing a deal which may cause him to totally change his criteria. Do Business with David using these incredible internet links... - David's Blog where you can find hundreds of free videos and articles, https://www.DavidCBarnett.com - Join David's email list so you never miss any new videos or important information or insights, https://www.DavidCBarnettList.com - Book a call with David and let him help you with your project, https://www.CallDavidBarnett.com - Learn how to buy a successful and profitable business in a risk-controlled way https://www.BusinessBuyerAdvantage.com - Get help selling your business, https://www.HowToSellMyOwnBusiness.com - Get better organized in your business, https://www.EasySmallBizSystems.com - Learn to make better cash flow forecasts and write incredibly effective business plans from scratch!, https://www.BizPlanSchool.com - Learn to build an equity asset with insurance! visit https://www.NewBankingSolution.com -Did you sign up for an expensive Merchant Cash Advance for your business and now struggle to make the payments? Find out how you can negotiate your way out at https://www.EndMyMCA.com

HC#010 Isaac buys a VERY SMALL window replacement company. Actually, it's his dad's and he wants Isaac to do the deal so he can retire six months from now. They're both realizing that this may not be a very valuable business, so, can dad grow it enough in a few months for it to make sense for his son to pay big bux for it? If not, is there any value at all and how should we be thinking about the value of what is there. Even though it's small, it would be easier to take it over than to start something from scratch. Do Business with David using these incredible internet links... - David's Blog where you can find hundreds of free videos and articles, https://www.DavidCBarnett.com - Join David's email list so you never miss any new videos or important information or insights, https://www.DavidCBarnettList.com - Book a call with David and let him help you with your project, https://www.CallDavidBarnett.com - Learn how to buy a successful and profitable business in a risk-controlled way https://www.BusinessBuyerAdvantage.com - Get help selling your business, https://www.HowToSellMyOwnBusiness.com - Get better organized in your business, https://www.EasySmallBizSystems.com - Learn to make better cash flow forecasts and write incredibly effective business plans from scratch!, https://www.BizPlanSchool.com - Learn to build an equity asset with insurance! visit https://www.NewBankingSolution.com -Did you sign up for an expensive Merchant Cash Advance for your business and now struggle to make the payments? Find out how you can negotiate your way out at https://www.EndMyMCA.com

Ernie just sold his first business for a customer and now wants insights into growing his business brokerage. The goal? Build up enough cash to exit and buy another business. We talk marketing, positioning, value propositions and more. If you've ever dreamed of collecting a 10% fee on the value created by SMB entrepreneurs on exit, you'll find this conversation very insightful. Do Business with David using these incredible internet links... - David's Blog where you can find hundreds of free videos and articles, https://www.DavidCBarnett.com - Join David's email list so you never miss any new videos or important information or insights, https://www.DavidCBarnettList.com - Book a call with David and let him help you with your project, https://www.CallDavidBarnett.com - Learn how to buy a successful and profitable business in a risk-controlled way https://www.BusinessBuyerAdvantage.com - Get help selling your business, https://www.HowToSellMyOwnBusiness.com - Get better organized in your business, https://www.EasySmallBizSystems.com - Learn to make better cash flow forecasts and write incredibly effective business plans from scratch!, https://www.BizPlanSchool.com - Learn to build an equity asset with insurance! visit https://www.NewBankingSolution.com -Did you sign up for an expensive Merchant Cash Advance for your business and now struggle to make the payments? Find out how you can negotiate your way out at https://www.EndMyMCA.com

HC#008 Joe wants to buy a business and he knows the industry. What's the problem? All the sellers want 10X cash flow!?! What on Earth? How do we convince them they're nuts and make a deal to buy this business? We walk through the options, and I give him some ideas. Do Business with David using these incredible internet links... - David's Blog where you can find hundreds of free videos and articles, https://www.DavidCBarnett.com - Join David's email list so you never miss any new videos or important information or insights, https://www.DavidCBarnettList.com - Book a call with David and let him help you with your project, https://www.CallDavidBarnett.com - Learn how to buy a successful and profitable business in a risk-controlled way https://www.BusinessBuyerAdvantage.com - Get help selling your business, https://www.HowToSellMyOwnBusiness.com - Get better organized in your business, https://www.EasySmallBizSystems.com - Learn to make better cash flow forecasts and write incredibly effective business plans from scratch!, https://www.BizPlanSchool.com - Learn to build an equity asset with insurance! visit https://www.NewBankingSolution.com -Did you sign up for an expensive Merchant Cash Advance for your business and now struggle to make the payments? Find out how you can negotiate your way out at https://www.EndMyMCA.com

HC#007 Harry wants Uncle Sam as a customer. In this call, he and I discuss an opportunity for a temporary staffing agency that sells to a few government departments. What are the risks? What pricing makes sense? What if those contracts don't renew? Gulp! Do Business with David using these incredible internet links... - David's Blog where you can find hundreds of free videos and articles, https://www.DavidCBarnett.com - Join David's email list so you never miss any new videos or important information or insights, https://www.DavidCBarnettList.com - Book a call with David and let him help you with your project, https://www.CallDavidBarnett.com - Learn how to buy a successful and profitable business in a risk-controlled way https://www.BusinessBuyerAdvantage.com - Get help selling your business, https://www.HowToSellMyOwnBusiness.com - Get better organized in your business, https://www.EasySmallBizSystems.com - Learn to make better cash flow forecasts and write incredibly effective business plans from scratch!, https://www.BizPlanSchool.com - Learn to build an equity asset with insurance! visit https://www.NewBankingSolution.com -Did you sign up for an expensive Merchant Cash Advance for your business and now struggle to make the payments? Find out how you can negotiate your way out at https://www.EndMyMCA.com

Find the original podcast page with notes here: https://razorbranding.org/financial-side-of-branding/

HC#006 Jim is a smart computer guy. He and his buddies have the skills to take a SaaS business to the next level. Just one thing- they won't sign personal guarantees on loans. So, what is the plan or a workable strategy to try and raise millions of dollars to buy a business without going to a banker? In this talk, we discuss crafting securities, thinking about the investors as a market and the relationship between the buyer, investor and the seller in a crafty non-bank deal. If you're interested in working with Jim and his team, contact him at https://bluesagedata.com/ Do Business with David using these incredible internet links... - David's Blog where you can find hundreds of free videos and articles, https://www.DavidCBarnett.com - Join David's email list so you never miss any new videos or important information or insights, https://www.DavidCBarnettList.com - Book a call with David and let him help you with your project, https://www.CallDavidBarnett.com - Learn how to buy a successful and profitable business in a risk-controlled way https://www.BusinessBuyerAdvantage.com - Get help selling your business, https://www.HowToSellMyOwnBusiness.com - Get better organized in your business, https://www.EasySmallBizSystems.com - Learn to make better cash flow forecasts and write incredibly effective business plans from scratch!, https://www.BizPlanSchool.com - Learn to build an equity asset with insurance! visit https://www.NewBankingSolution.com -Did you sign up for an expensive Merchant Cash Advance for your business and now struggle to make the payments? Find out how you can negotiate your way out at https://www.EndMyMCA.com

HC#005 JB is frustrated by not being able to find a good small business to buy. If you feel the same, you'll want to listen to this. I break down proprietary search, broker channels and what a hard-working buyer needs to know about finding deals and why it can take so much time. If it was easy, everyone would do it. This is the least-transparent market on Earth and there are gems for those who aren't afraid to invest time and money. Do Business with David using these incredible internet links... - David's Blog where you can find hundreds of free videos and articles, https://www.DavidCBarnett.com - Join David's email list so you never miss any new videos or important information or insights, https://www.DavidCBarnettList.com - Book a call with David and let him help you with your project, https://www.CallDavidBarnett.com - Learn how to buy a successful and profitable business in a risk-controlled way https://www.BusinessBuyerAdvantage.com - Get help selling your business, https://www.HowToSellMyOwnBusiness.com - Get better organized in your business, https://www.EasySmallBizSystems.com - Learn to make better cash flow forecasts and write incredibly effective business plans from scratch!, https://www.BizPlanSchool.com - Learn to build an equity asset with insurance! visit https://www.NewBankingSolution.com -Did you sign up for an expensive Merchant Cash Advance for your business and now struggle to make the payments? Find out how you can negotiate your way out at https://www.EndMyMCA.com

HC#004 Tim is great with systems. He's already grown some SMBs tremendously and wants to do more. So, what makes sense for him? Buy them? Be a consultant? OR- Can he trade his skills for a small equity stake in a whole bunch of SMBs? This time, we get into sales strategy for selling this kind of service and if it really makes sense to offer to work for shares. Do Business with David using these incredible internet links... - David's Blog where you can find hundreds of free videos and articles, https://www.DavidCBarnett.com - Join David's email list so you never miss any new videos or important information or insights, https://www.DavidCBarnettList.com - Book a call with David and let him help you with your project, https://www.CallDavidBarnett.com - Learn how to buy a successful and profitable business in a risk-controlled way https://www.BusinessBuyerAdvantage.com - Get help selling your business, https://www.HowToSellMyOwnBusiness.com - Get better organized in your business, https://www.EasySmallBizSystems.com - Learn to make better cash flow forecasts and write incredibly effective business plans from scratch!, https://www.BizPlanSchool.com - Learn to build an equity asset with insurance! visit https://www.NewBankingSolution.com -Did you sign up for an expensive Merchant Cash Advance for your business and now struggle to make the payments? Find out how you can negotiate your way out at https://www.EndMyMCA.com

DISCLAIMER: The information in this presentation is provided as education only, with the understanding that neither the presenter nor ENNIS Legacy Partners or GRF CPAs & Advisors is engaged to render legal, accounting, or other professional services. If you require legal advice or other expert assistance, you should seek the services of a competent professional. Neither the presenter nor ENNIS Legacy Partners or GRF CPAs & Advisors shall have any legal liability or responsibility to any person or entity with respect to any loss or damage caused, or alleged to be caused, directly or indirectly, by the information contained in this presentation.============================================“We want you to help you build a business that is sellable and exit successfully on your own terms and conditions.” - Pat Ennis============================================

HC#003 You like cash? I like cash! Who doesn't? Well, when the seller of a business promises an ‘little extra' because of undeclared revenues, it doesn't necessarily all fall to the bottom line. I show the caller how we can see if the extra revenue makes sense and detect whether it may be likely that some of the expenses may be paid with the cash. So, it's not as lucrative as you may be led to believe. Do Business with David using these incredible internet links... - David's Blog where you can find hundreds of free videos and articles, https://www.DavidCBarnett.com - Join David's email list so you never miss any new videos or important information or insights, https://www.DavidCBarnettList.com - Book a call with David and let him help you with your project, https://www.CallDavidBarnett.com - Learn how to buy a successful and profitable business in a risk-controlled way https://www.BusinessBuyerAdvantage.com - Get help selling your business, https://www.HowToSellMyOwnBusiness.com - Get better organized in your business, https://www.EasySmallBizSystems.com - Learn to make better cash flow forecasts and write incredibly effective business plans from scratch!, https://www.BizPlanSchool.com - Learn to build an equity asset with insurance! visit https://www.NewBankingSolution.com -Did you sign up for an expensive Merchant Cash Advance for your business and now struggle to make the payments? Find out how you can negotiate your way out at https://www.EndMyMCA.com

Selling your business isn't as simple as it seems. For sellers, this means understanding their role in the business and preparing it for a successful transition. For buyers, this means knowing what they're looking for and what kind of business aligns with their skills and goals.    Business buyers and sellers want to have confidence in their ability to maximize their business's value, attract the right buyers, and create a seamless transition. To do that, it's crucial to have strong business fundamentals. This includes a depth of knowledge and the ability to communicate cash flow, operational efficiency, and customer satisfaction.   In this program, you will hear about the actual cost of burnout and selling your business, an exercise to determine what you are really selling, and what to know about a person who is buying your business.    Jess Dewell talks with David C Barnett, a Private Transaction Advisor, about how to uncover the hidden truths and be objective about the company you have to sell, and why it is BOLD to take the time to get real about a salable business.   --------------------   If you want to identify business bottlenecks, the necessary skills, the initial actions to take, the expected milestones, and the priorities for achieving growth, try the "Growth Framework Reset" approach. This will help you to keep learning and growing while working strategically on your business. -------------------- You can get in touch with Jess Dewell on Twitter,  LinkedIn or Red Direction website.

HC#002 James wants to examine a painting and wall covering contractor business in the UK… his big question? What is the SDE (or adjusted EBITDA as they call it across the pond). In this call, we take a look at the income statement and do a line by line normalization and show James what he should be asking when he next meets the seller. Do Business with David using these incredible internet links... - David's Blog where you can find hundreds of free videos and articles, https://www.DavidCBarnett.com - Join David's email list so you never miss any new videos or important information or insights, https://www.DavidCBarnettList.com - Book a call with David and let him help you with your project, https://www.CallDavidBarnett.com - Learn how to buy a successful and profitable business in a risk-controlled way https://www.BusinessBuyerAdvantage.com - Get help selling your business, https://www.HowToSellMyOwnBusiness.com - Get better organized in your business, https://www.EasySmallBizSystems.com - Learn to make better cash flow forecasts and write incredibly effective business plans from scratch!, https://www.BizPlanSchool.com - Learn to build an equity asset with insurance! visit https://www.NewBankingSolution.com -Did you sign up for an expensive Merchant Cash Advance for your business and now struggle to make the payments? Find out how you can negotiate your way out at https://www.EndMyMCA.com

HC#001 Gerri has had a successful career over decades as a business owner, but when her husband died, things fell apart. Now this experienced entrepreneur wants to put her skills to work in a small business that she can manage on her own. We discuss a bakery opportunity that she found and I work with her to uncover key areas that need to be explored as she negotiates for it. Do Business with David using these incredible internet links... - David's Blog where you can find hundreds of free videos and articles, https://www.DavidCBarnett.com - Join David's email list so you never miss any new videos or important information or insights, https://www.DavidCBarnettList.com - Book a call with David and let him help you with your project, https://www.CallDavidBarnett.com - Learn how to buy a successful and profitable business in a risk-controlled way https://www.BusinessBuyerAdvantage.com - Get help selling your business, https://www.HowToSellMyOwnBusiness.com - Get better organized in your business, https://www.EasySmallBizSystems.com - Learn to make better cash flow forecasts and write incredibly effective business plans from scratch!, https://www.BizPlanSchool.com - Learn to build an equity asset with insurance! visit https://www.NewBankingSolution.com -Did you sign up for an expensive Merchant Cash Advance for your business and now struggle to make the payments? Find out how you can negotiate your way out at https://www.EndMyMCA.com

Does your small business need big B2B marketing? New Livestream guest- Sarah Noel-Block I'm happy to have Sarah join me on a live broadcast. She's the genius behind Tiny Marketing. A content-marketing company that helps B2B businesses build authority and generate opportunities with the least amount of hassle and work possible. Tune in and as we'll be discussing marketing strategies for companies with marketing teams of 0-2 people. Yup, Zero. This is a ‘must see event' for anyone thinking of being in business that sells to other businesses. Find Sarah Noel Block online here: https://www.sarahnoelblock.com/tiny-marketing See you there! David C Barnett

Joe welcomes back business expert David C Barnett to delve into the intricate process of selling a business for retirement.  This insightful episode provides valuable insights for business owners contemplating a sale. Joe and David emphasize the necessity of strategic planning, documentation, and the cultivation of a marketable business before embarking on the selling process.   Barnett's practical examples and emphasis on due diligence offer a roadmap for prospective sellers, highlighting the intricate details that can significantly impact the successful sale of a business.  Read the full show notes and find more information here: EP 71 Show Notes

Here's a festive treat for everyone! There's no better way to embrace the holiday season than by gathering with loved ones for a joyous feast or celebration. In the true spirit of the season, I'm thrilled to announce that I'll be continuing my tradition of hosting a special Christmas Eve live event. Join me on YouTube Live this Friday, December 22nd, at 1 PM Eastern Time and 2 PM Atlantic Time for an unforgettable experience that's expected to last around 4 hours. We'll have engaging conversations with some special guests, reflecting on their 2023 experiences and offering insights into what the upcoming year may hold. Get ready for an afternoon filled with laughter, warmth, and anticipation for the adventures that lie ahead! Rocky Lalvani, Host of the Richer Soul and Profit Answer Man podcasts. Rocky coaches entrepreneurs to implement the Profit First system in their businesses. https://profitcomesfirst.com/ Mike Finger, a former business owner, business broker and consultant who helps business owners prepare their businesses for sale. Mike is also the co-host of my new show Your Exit Squad. I'm sure we'll be sharing some of the details of this program as season 1 is about to be released. https://www.ExitOasis.com https://www.YourExitSquad.com Henry Lopez, former car wash and suite salon owner and current co-working space and frozen yogurt shop owner will be visiting too. Henry is also a business coach and the host of the How of Business Podcast. https://www.thehowofbusiness.com/ Aaron Baer Providing Practical Legal Advice to Clients an entrepreneur first and a lawyer second - which allows him to tackle legal issues by putting himself in your shoes. https://www.rennoco.com/ Patrick Dichter has successfully executed a search for a CPA/Bookkeeping firm without being a CPA! He is now growing this company from being highly regional to a national service provider. https://www.appletreebusiness.com/ Lisa Forrest has over 30 years of experience writing loans under the US Small Business Administration's (SBA) loan programs.https://www.linkedin.com/in/forrestlisa/ Mark Willis, from Lake Growth Financial. Mark is a channel sponsor and helps people secure his client's financial future with the Bank on Yourself system. https://www.NewBankingSolution.com Marc Mawhinney, Three-time business owner and business coach to coaches will be stopping in. Marc is the host of the Natural Born Coaches Podcast. https://www.naturalborncoaches.com/ Finally, I've got Rick Nicholson who will be visiting near the end. Rick has owned seven different food/coffee businesses over the years and is a Wizard of Ads partner with Roy H Williams' Austin, TX based organization. He's also appeared this past year as a live guest on the YouTube channel. https://wizardofads.org/ As a live event, if you can join us during the broadcast, you'll be able to post comments that I'll be able to see and so it could be quite interactive for us. If you can't make it and want to submit a question for me or any of the guests, just hit ‘reply' and send me a note right now. If you can't make it to the live broadcast, the recording will be available for you to see later and I'll put the audio on my regular podcast feeds as well. See you! Cheers David Barnett - Do Business with David using these incredible internet links... - David's Blog where you can find hundreds of free videos and articles, https://www.DavidCBarnett.com - Join David's email list so you never miss any new videos or important information or insights, https://www.DavidCBarnettList.com

David Barnett joins Joe to share valuable insights on the common pitfalls business owners face when preparing to retire and sell their businesses.   Discover the key areas to focus on for enhancing business value, from reducing customer concentration risks to navigating the challenges of owner dependence.   Whether you're a business owner weighing retirement, or an entrepreneur interested in the art of business sales, this episode provides expert advice to ensure a smooth transition and a fulfilling retirement life after being your own boss.   Read the full show notes and find more information here: EP 68 Show Notes

New Livestream guest- Edward Coambs I'm happy to have Edward join me on a live broadcast. Edward has years of experience in financial and retirement planning but is ALSO a certified Marriage and Family Therapist Associate in the State of North Carolina. Tune in and as we'll be discussing how small business and entrepreneurship can affect your personal relationships. This is a ‘must see event' for anyone who wants to try and win in both of these aspects of life. Find Ed online at https://www.healthyloveandmoney.com/ See you there! David C Barnett

Back by popular demand we are revisiting or show with David Barnett, an expert in buying and selling businesses, to explore the intriguing topic of exit strategies. David, drawing from his extensive career spanning sales, entrepreneurship, finance brokerage, and consulting, provides valuable insights backed by over two decades of experience working with small and medium-sized businesses. Throughout the episode, they delve into the essential considerations for entrepreneurs and business owners. This podcast offers an informative deep dive into the world of exit strategies, making it essential listening for those seeking to maximize the value of their business ventures.In this episode, you will learn about the following:Franchise Investments and Exit StrategiesBusiness Valuation and Understanding Buyer TypesChallenges of Selling a Franchise BusinessThe Process of Selling a BusinessThe Importance of Realistic Valuation and Maintaining ProfitabilityAnd so much more!About David Barnett:David Barnett is a business consultant and coach who specializes in helping individuals buy or sell businesses. He offers consulting, coaching, and training services to guide clients through the complex process of preparing and selling their businesses privately or through a broker. David is also skilled in determining the values of machinery, equipment, and businesses for various stakeholders, including buyers, sellers, and bankers.  Connect with David Barnett on…Website: www.DavidCBarnett.comYouTube: https://www.youtube.com/c/DavidBarnettMoncton/featured Twitter: https://twitter.com/DBarnettMoncton LinkedIn: https://www.linkedin.com/in/davidbarnettmoncton/ Connect with Franchise Freedom on:Website: https://ggthefranchiseguide.com/podcast/ Linkedin: https://www.linkedin.com/company/gg-the-franchise-guide Facebook: https://www.facebook.com/GGTheFranchiseGuide Twitter: https://twitter.com/ggrammatico Instagram: https://www.instagram.com/gg_the_franchise_guide/ YouTube:  https://www.youtube.com/@ggthefranchiseguide Apple:  https://podcasts.apple.com/us/podcast/franchise-freedom/id1499864638 Spotify:  https://open.spotify.com/show/13LTN5UzA57w2dTB4iV0fm Google: https://cutt.ly/gkG7t2g The Franchise Freedom: Discover Your New Path to Freedom Through Franchise Ownership, Book by Giuseppe Grammatico: https://ggthefranchiseguide.com/book  or you can purchase directly on Amazon

New Livestream guest- Alex Bridgeman I'm happy to have Alex join me on a live broadcast. Alex is the host of Think Like an Owner podcast and formerly the publisher of The Operator's Handbook. Tune in and as we'll be discussing some of the common themes he's observed after interviewing hundreds of successful business searchers. This is a ‘must see event' for people who want to buy a business. Find Alex online at https://tlaopodcast.com/ and on LinkedIn at https://www.linkedin.com/in/alex-e-bridgeman/ See you there! David C Barnett

I get to see a lot of people's spreadsheets while they work on deals. Some are homemade. Some are templates. Many have problems. I tell you what I like to see in an analysis tool and show you the one I use with my students. Watch here now on YouTube if you want to see what I'm talking about. https://youtu.be/155FlwJj5tA Cheers See you over on YouTube David C Barnett Do Business with David using these incredible internet links... - David's Blog where you can find hundreds of free videos and articles, https://www.DavidCBarnett.com - Join David's email list so you never miss any new videos or important information or insights, https://www.DavidCBarnettList.com - Book a call with David and let him help you with your project, https://www.CallDavidBarnett.com - Learn how to buy a successful and profitable business in a risk-controlled way https://www.BusinessBuyerAdvantage.com - Get help selling your business, https://www.HowToSellMyOwnBusiness.com - Get better organized in your business, https://www.EasySmallBizSystems.com - Learn to make better cash flow forecasts and write incredibly effective business plans from scratch!, https://www.BizPlanSchool.com - Learn to build an equity asset with insurance! visit https://www.NewBankingSolution.com

Original Show Notes: In this episode, I speak with David Barnett who specializes in helping individuals with buying, selling, and improving businesses. David's has an extensive business background, from his experience in advertising sales to starting various businesses, including a commercial debt brokerage house, which led him to the field of business brokerage. He has since become a consultant for business buyers and sellers, providing guidance and evaluation. The conversation touches on how David's teaching skills and ability to explain complex topics make him an effective resource for entrepreneurs. We also emphasize the significance of understanding the terms of a business sale beyond just the price, with a focus on structuring deals that suit both parties. He has published several books and online courses on the topics of small business, franchising, cash flow and selling businesses privately. Three of his books have been Amazon Best-Sellers; 'Invest Local,' 'Franchise Warnings' and 'How To Sell My Own Business.' Barnett regularly consults with professionals and banks on business and asset values. Presently he also works with entrepreneurs and would-be entrepreneurs around the world who are buying, selling or trying to improve their businesses. Learn more: DavidCBarnett.com To learn more about Jennifer and how to thrive on your purpose, visit www.souljourneys.ca

In this episode, I speak with David Barnett who specializes in helping individuals with buying, selling, and improving businesses.  David's has an extensive business background, from his experience in advertising sales to starting various businesses, including a commercial debt brokerage house, which led him to the field of business brokerage. He has since become a consultant for business buyers and sellers, providing guidance and evaluation. The conversation touches on how David's teaching skills and ability to explain complex topics make him an effective resource for entrepreneurs. We also emphasize the significance of understanding the terms of a business sale beyond just the price, with a focus on structuring deals that suit both parties.  He has published several books and online courses on the topics of small business, franchising, cash flow and selling businesses privately. Three of his books have been Amazon Best-Sellers; 'Invest Local,' 'Franchise Warnings' and 'How To Sell My Own Business.' Barnett regularly consults with professionals and banks on business and asset values.  Presently he also works with entrepreneurs and would-be entrepreneurs around the world who are buying, selling or trying to improve their businesses. Learn more: DavidCBarnett.com   To learn more about Jennifer and how to thrive on your purpose, visit www.souljourneys.ca                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            

Tony's back (ep 110), and his view of his business has changed dramatically. Tony and Bob (ep 111) walk us through the early steps they are taking to change Tony's business so it can create the results he's seeking. https://www.thegrowthcoach.com/north-indianapolis/ Subscribe to Your Exit Squad video at https://YourExitSquad.com Audio feed at https://anchor.fm/YourExitSquad RSS at: https://anchor.fm/s/d91595e4/podcast/rss Business owners, apply to be a guest at https://YourExitSquadGuests.com Business service professionals, apply to be a Your Exit Squad Partner at https://YourExitSquadPartners.com Notes: Learn more about David: https://www.DavidCBarnett.com Learn more about Mike: https://www.ExitOasis.com #smallbusiness #mergersandacquisitions #smallbiz #entrepreneurship #entrepreneur #smb #equity #buyabusiness #investors #sellabusiness #sellmybusiness #exitplanning #businessbroker #bizbroker #businessbrokers

Tony was excited when he bought his auto detailing business, but he very quickly discovered that its past success isn't enough to take him where he wants to go. How can he change the business to create the results he needs? Subscribe to Your Exit Squad video at https://YourExitSquad.com Audio feed at https://anchor.fm/YourExitSquad RSS at: https://anchor.fm/s/d91595e4/podcast/rss Business owners, apply to be a guest at https://YourExitSquadGuests.com Business service professionals, apply to be a Your Exit Squad Partner at https://YourExitSquadPartners.com Notes: Learn more about David: https://www.DavidCBarnett.com Learn more about Mike: https://www.ExitOasis.com #smallbusiness #mergersandacquisitions #smallbiz #entrepreneurship #entrepreneur #smb #equity #buyabusiness #investors #sellabusiness #sellmybusiness #exitplanning #businessbroker #bizbroker #businessbrokers

There's no denying the benefits of being a business owner. It allows you to be your own boss, and have greater control over your time. And, you have the potential to make life-changing amounts of money.  But there are also risks involved, and buying the wrong business can be a costly mistake. You need to find a business that fits your unique skills and needs, which can be challenging. That's where David C. Barnett comes in. David is a former business broker who now works with buyers and sellers of small businesses, helping them navigate the sales process and ensuring they walk away with a good deal.  In this episode, David walks us through the intricacies of identifying the right business to buy. He explains why buyers should narrow down their search criteria instead of being industry agnostic, and reveals how to make the best return on your investment. According to David, “Find a business that makes money and has problems that you know how to address. That's the best opportunity because it's already profitable, so you've got this unending runway. Then you can start to fix those problems and create something of greater value. That's when you end up with a good deal.” David sheds light on the realities of being a business owner, including why many businesses require a long period of hands-on work before they can become passive.  Finally, David reveals the truth behind “no-money-down” financing, explaining how in many cases, this means leveraging your assets and owing massive debts to alternative lenders. These debts take years to pay off and counteract the perceived freedom that buying an online business gives you. If you're thinking of buying an online business, then you can't afford to miss out on the expert knowledge David shares in this episode! Topics Discussed in This Episode: David introduces himself and his history as a business broker (02:13) Things that often take buyers by surprise and how buyers can protect themselves (20:05) The realities of running an online business that people often underestimate (27:31) Why there's no such thing as a “hands-of” online business (36:39) How to buy a local business and successfully run it remotely (39:20) The business models that lend themselves to being run remotely (44:39) The truth behind “no-money-down” financing (45:25)  Mentions: Empire Flippers Podcast Empire Flippers Marketplace Schedule a call with our expert sales advisors  Create an Empire Flippers account David's YouTube Channel David's website Sit back, grab a coffee, and learn how to identify the right business to buy to help you level up!

David C. Barnett: How to Avoid Bad Business Acquisitions David C. Barnett has been helping small business owners for over 25 years and has been helping people buy and sell businesses since 2008. Welcome to the Conscious Millionaire Show for entrepreneurs, who want to achieve high sales and positively impact humanity! Join host, JV Crum III, as he goes inside the minds of conscious guests such as Millionaire Entrepreneurs and World-Class Business Experts. Like this Podcast? Get every episode delivered to you free!  Subscribe in iTunes Download Your Free Money-Making Gift Now... "Born to Make Millions" Hypnotic Audio - Click Here Now! Please help spread the word. Subscribing and leaving a review helps others find our podcast. Thanks so much! Inc Magazine "Top 13 Business Podcasts." Conscious Millionaire Network has over 3,5000 episodes that have been heard by over 100 million in 190 countries. Join us as a regular listener to get money-making and impact secrets on how you can grow your business and make a massive difference for humanity faster!