Podcasts about how to sell my own business

o Sell Your Business Play • 49 min Join your host Giuseppe Grammatico and his guest David Barnett as they talk about exit strategies, the business selling model that works better for clients, and what one needs to do to sell a business faster. In this episode, what's done to a business operation-wise is valued more than what you've put into starting the business, David clarifies. For it to be viable to buyers, numbers need to be up, visible, and sustainable. He emphasizes that before a business can even enter an exit phase, it needs to be in prime shape, especially before an owner's lack of interest and focus starts impacting the results. In this episode you will learn: Business owners and franchise investors when it comes to exit strategies. Different businesses have varying multiples. Cashflow > Revenue – Why operation is key. What are the reasons why people sell their business? About David Barnett: David Barnett is a 1998 graduate of the Williams School of Business and Economics at Bishop's University and a graduate of UNBSJ's Electronic Commerce Management Program. Since the late '90s, Mr. Barnett has been building his profile as an expert in the field of small and medium-sized enterprises. Mr. Barnett joined Sunbelt Business Brokers in 2008. Sunbelt is the world's largest network of business brokers with over 300 offices on six continents. In 2009, after completing training and testing over 18 months in both Canada and the U.S., Mr. Barnett was awarded the Certified Business Intermediary designation by the International Business Brokers Association, which he maintained until leaving the profession. In 2009, Mr. Barnett's company, ALP Ltd., purchased the Moncton Sunbelt office. Barnett's April 2016 book, How To Sell My Own Business, became a best seller under Amazon's Entrepreneurship category in its release month. https://ggthefranchiseguide.com/podcast/

Join your host Giuseppe Grammatico and his guest David Barnett as they talk about exit strategies, the business selling model that works better for clients, and what one needs to do to sell a business faster. In this episode, what's done to a business operation-wise is valued more than what you've put into starting the business, David clarifies. For it to be viable to buyers, numbers need to be up, visible, and sustainable. He emphasizes that before a business can even enter an exit phase, it needs to be in prime shape, especially before an owner's lack of interest and focus starts impacting the results.In this episode you will learn: Business owners and franchise investors when it comes to exit strategies. Different businesses have varying multiples. Cashflow > Revenue – Why operation is key. What are the reasons why people sell their business? About David Barnett:David Barnett is a 1998 graduate of the Williams School of Business and Economics at Bishop's University and a graduate of UNBSJ's Electronic Commerce Management Program.  Since the late '90s, Mr. Barnett has been building his profile as an expert in the field of small and medium-sized enterprises. Mr. Barnett joined Sunbelt Business Brokers in 2008.  Sunbelt is the world's largest network of business brokers with over 300 offices on six continents. In 2009, after completing training and testing over 18 months in both Canada and the U.S., Mr. Barnett was awarded the Certified Business Intermediary designation by the International Business Brokers Association, which he maintained until leaving the profession.  In 2009, Mr. Barnett's company, ALP Ltd., purchased the Moncton Sunbelt office.Barnett's April 2016  book, How To Sell My Own Business, became a best seller under Amazon's Entrepreneurship category in its release month.David Barnett's Contacts and Resources:WebsiteLinkedInFacebookTwitterYouTubeHow To Sell My Own Business Book by David C. BarnettConnect with Franchise Freedom on:WebsiteLinkedinFacebookTwitterInstagramYoutubeAppleSpotifyGoogleThe Franchise Freedom Book by Giuseppe Grammatico(Discover Your New Path to Freedom Through Franchise Ownership)

David explains how to get your business into shape to meet your exit needs, including best practices to make your business more marketable, and how to understand how buyers will look at and value your business. Bio: David Barnett has been working with SMEs for over 20 years, and over the last decade, he's been helping people buy businesses, and also how to prepare their business for sale. He's authored 7 books, including ‘How To Sell My Own Business’ which was an Amazon best-seller, and David maintains a YouTube channel with 100's of really useful, information-packed advisory videos. Resources: Blog: www.DavidCBarnett.com

  David Barnett David Barnett works with entrepreneurs around the world helping them to buy, sell and organize their small and medium-sized businesses. He's an author of 7 books including How To Sell My Own Business, which became an Amazon bestseller. “If you're working in a business you own today but you're not writing yourself… The post David Barnett Organizing Your Small Business | Ep. 197 appeared first on Bottleneck Distant Assistants.

Investing Local to Live Your Life of AbundanceInvesting is an important element when it comes to be financially free, or at least secure. Right? But what kind of investing is right for you? Today, David Barnett shares one I've never heard of. And no, it's not Bitcoin. Today, David shares an idea, a great idea called invest local. And you have to hear his action steps. Meet our Feature GuestDavid Barnett has been working with small businesses for over 20 years. He is a former finance and business broker and works with entrepreneurs around the world to help them buy, sell, finance and plan their businesses. David has written 6 books which are available on Amazon and 3 of them have become best sellers; Invest Local, Franchise Warnings and How To Sell My Own Business. David just recently released his business systematizing program called Build a Business that People Will Want to Buy and a new special report on borrowing from business brokers when you buy a business. Wally's Take Away:Over the last month or so, I must get 2-3 people inviting me to invest in Forex, Bitcoin, real estate holdings etc. And while I know those investments work well for some, ok for others and not so much for even more. None of them interest me in the least. But what does interest me is investing in myself and in other people. That's why I like what David Barnett has to say about invest local. That's something I can get into. Connect with our guest:http://www.investlocalbook.com (InvestLocal.com) Resources Mentioned:You Are A Badass - Jen Sincero Abundance Unleashed - Christen Mickelsen Sponsors and Affiliates, Helping you live your Life of Abundance and helping me keep the mic on. http://tmschwab.ontraport.com/t?orid=935&opid=7 (Interview Valet) - Talk Directly to your ideal customer. Be a Podcast Guesthttp://tmschwab.ontraport.com/t?orid=935&opid=7 ()Executives, entrepreneurs, & thought leaders everywhere are learning how to reach tens of thousands of targeted interested individuals who are passionate about your area of expertise. Connecting with them through Interview Valet’s concierge-level podcast guest booking service is easy and effective with startlingly immediate results. We have perfected the formula for maximizing the impact of your expertise on your industry through podcasting. http://tmschwab.ontraport.com/t?orid=935&opid=7 (Connect with Tom and Interview Valet) today https://podcastwebsites.com/account/aff.php?aff=336 (Podcast Websites) - Your All-in-One solution for your podcast and podcast website.https://podcastwebsites.com/account/aff.php?aff=336 ()I want to provide an amazing experience to you, Men of Abundance. While I love learning new things and techniques, I also know how important it is to FOCUS on what I'm good at. That's, in part, why I decided to get Podcast Websites in my corner to help me build an incredible podcast website experience for you and make it easier on me. This is one of the best decisions I've made on this journey so far. I know it will be for you as well. If you're like me, you want that sooner than later, right? That's why I suggest you check out https://podcastwebsites.com/account/aff.php?aff=336 (Podcast Websites) today. I created a short https://youtu.be/FrOg31FM63o (tutorial video) for you. http://Pw.menofabundance.com (Get Full Access Right Here, Right Now) - Use Promo Code HOSTME for a $10 Discount Support this podcast

David has been working to help the owners of Small and Medium Sized businesses for almost 20 years.  As a former business broker and financing broker, Barnett has helped people buy, sell, plan, manage and finance their businesses.  He has also authored 6 small business books, 3 of which have become Amazon best-sellers. How To Sell My Own Business is the latest one.. Invest Local & Franchise Warnings are the other two if you want to check them out.. ... I've asked him to join us today to talk about buying, building & selling businesses so we can all enjoy the fruits of our labour.. Enjoy! --- Mission Statement: My mission is to create 200 new multi-millionaire business owners. How? You'll do better when you know better.   Would it help you to have a mentor who can cut your learning curve by sharing their mistakes with you so you could avoid them?   Would it help you to talk to that mentor and learn how they shifted their mindset to allow success to happen in the first place?   Would it help you to hear them talk to other high-level entrepreneurs about their journeys, their mistakes and how they overcame their challenges to create the lives and financial success they desire?   The Best Business Podcast was created for you to have all this in one place. If you like it, please subscribe, give an honest review and share with a friend you think will benefit so I may serve you both together.   "Your success is my success." -- Daryl Urbanski

Watch the video here: https://youtu.be/Q1yOzL73zCo Learn how to buy a business at: http://www.BusinessBuyerAdvantage.com Sign up for my emails at http://www.DavidCBarnett.com Related Article: A YouTube viewer asked me, ‘…when my banker says that the business is overpriced and the debt-service coverage ratio doesn’t work, what does it mean and should I just try other banks?’ Basically, bankers are concerned that there is enough cash left after expenses to make their loan payments... plus a little extra for unforeseen expenses. Pretty good idea, eh? So how can an owner ask so much for a business that there isn’t even enough cash to make the loan payments? I’ve seen it happen over and over and over and over and over again. Watch and see how this happens and why you need to understand how to spot these bad deals before they waste a bunch of your time and your bankers. Learn more in this video I made about DSCR.. https://youtu.be/Q1yOzL73zCo Educate yourself about buying a business before you waste a bunch of your time and money on crappy deals. Learn more about my online course at www.BusinessBuyerAdvantage.com. My comprehensive program has been used by hundreds of people who now know how to avoid crappy deals and save their time. There’s no risk at all for you to enroll as the program comes with a 30 day money-back guarantee. You can see how my whole buyer system works in this video from a few weeks ago: https://youtu.be/ooixMSaFf6Y Please remember to like and share this article, it’s the only way the people who run the internet have of knowing if the content is any good or not. The more you share, the more likely someone who needs this information will be able to find it. Go to www.DavidCBarnett.com and sign up for my weekly e-mail. Easy unsubscribe at any time as I use MailChimp and I’m not interested in harassing people for who don’t want to hear from me. **Summer reading special. Get all 4 of my books (Invest Local, Franchise Warnings, Credit Card Advantage and How To Sell My Own Business) for one low price with FREE WORLDWIDE SHIPPING. Just in time for summer. [Order here] I’m coming to Toronto on May 10, 2017. Seats are already filling up. Find my current and future live events here: http://davidbarnett.eventbrite.ca . Thanks and I’ll see you next time.

Watch the video here: https://youtu.be/TtcLDxsmtOI Ian wrote to me to ask how he can find business owners to speak to before they put their business up ‘for sale.’ It’s a smart strategy. Business brokers often tempt sellers to list their business in the hopes that the broker will be able to create a competition amongst buyers which drives up the price of the business. If a buyer can meet a seller before they go to the broker, a deal can be made that may result in a lower business price for the buyer -AND- savings to the seller in the form of not paying any broker’s commissions. Often it ends up being a win-win scenario. The problem for Ian is determining which businesses to approach and HOW to approach the owners while being perceived as credible and capable of buying the business. This is why I made ‘The Next Step,’ my 12-step self-serve coaching program for finding target businesses and contacting their owners. Check out how I can help you find businesses to speak to BEFORE they’re on the market: https://youtu.be/TtcLDxsmtOI Doing the legwork to find a business before it goes on the market can be very rewarding. Learn more about my online course and The Next Step at www.BusinessBuyerAdvantage.com. My comprehensive program has been used by hundreds of people and I have yet to meet a dissatisfied customer. There’s no risk at all for you to enroll as the program comes with a 30 day money-back guarantee. You can see how my whole buyer system works in this video from a few weeks ago: https://youtu.be/ooixMSaFf6Y Please remember to like and share this article, it’s the only way the people who run the internet have of knowing if the content is any good or not. The more you share, the more likely someone who needs this information will be able to find it. Go to www.DavidCBarnett.com and sign up for my weekly e-mail. Easy unsubscribe at any time as I use MailChimp and I’m not interested in harassing people for who don’t want to hear from me. **Summer reading special. Get all 4 of my books (Invest Local, Franchise Warnings, Credit Card Advantage and How To Sell My Own Business) for one low price with FREE WORLDWIDE SHIPPING. Just in time for summer. [Order here] I’m coming to Toronto on May 10, 2017. Seats are already filling up. Find my current and future live events here: http://davidbarnett.eventbrite.ca . Thanks and I’ll see you next time.

Watch the video here: https://youtu.be/tJuCAlwidRE Shawn wrote to me and asked how he can measure if someone is really ready for the challenges of being an entrepreneur. It’s a great question. When I was a business broker I also wanted to know if people were ready to be business owners. Especially those civil servants with fat pay cheques, great benefits and an awesome pension waiting in their future. Would this person really quit all of that to get into the uncertain life of a small business owner? To determine if I was dealing with someone serious or not, I developed a couple of tests that I could use to see if someone had the guts to be their own boss. Check out how I measured ownership-readiness in this video: https://youtu.be/tJuCAlwidRE Sleepless nights will be the least of your worries if you make a major error and overpay for a business. You need to learn what you’re doing. My online course teaches what most people need to know to spot a bad deal. Learn more at www.BusinessBuyerAdvantage.com. My comprehensive program has been used by hundreds of people and I have yet to meet a dissatisfied customer. There’s no risk at all for you to enroll as the program comes with a 30 day money-back guarantee. You can see how my whole buyer system works in this video from a few weeks ago: https://youtu.be/ooixMSaFf6Y Please remember to like and share this article, it’s the only way the people who run the internet have of knowing if the content is any good or not. The more you share, the more likely someone who needs this information will be able to find it. Go to www.DavidCBarnett.com and sign up for my weekly e-mail. Easy unsubscribe at any time as I use MailChimp and I’m not interested in harassing people for who don’t want to hear from me. **Summer reading special. Get all 4 of my books (Invest Local, Franchise Warnings, Credit Card Advantage and How To Sell My Own Business) for one low price with FREE WORLDWIDE SHIPPING. Just in time for summer. [Order here] I’m coming to Toronto on May 10, 2017. Seats are already filling up. Find my current and future live events here: http://davidbarnett.eventbrite.ca . Thanks and I’ll see you next time.

Watch the video here: https://youtu.be/ck_AmnOIzDE Learn what's involved in selling your business with this online course. Visit http://www.HowToGetOutOfMyBusiness.com Sign up for my email list and learn lots about buying and selling businesses at http://www.InvestLocalBook.com related article: --------------------------- Stoopid Rules of Thumb. The Story of the 5X Accountant. Yes, I know how to spell ‘stupid,’ please don’t e-mail me. I’m cranky and sore and upset. I’ve got a cold and an ear infection. What makes me more cranky and upset is when I hear the same poor advice about rules of thumb for pricing small businesses being passed around again and again and again. This week I tell the story of the old accountant who told me once in a workshop, ‘Businesses sell for 5 times their cash flow. Those with real estate sell, those without don’t.’ Simplistic rules of thumb like this one guarantee only one thing… mistakes are being made and it’s costing someone dearly. I explain why those with real estate sell, those without don’t in this video and the answer will make you sick to your stomach if you happen to be a business owner who could have fallen victim to this kind of advice. Watch it here: https://youtu.be/ck_AmnOIzDE If you own a business and will want to sell one day, you need to educate yourself about how this process works and give yourself time to get ready. Learn what’s involved in selling your small business. Take my 3 hour online course at www.HowToGetOutOfMyBusiness.com or buy my Amazon best-selling book; How To Sell My Own Business. Available from Amazon.com or Amazon.ca Please remember to like and share this article, it’s the only way the people who run the internet have of knowing if the content is any good or not. The more you share, the more likely someone who needs this information will be able to find it. If you would like to hear from me weekly before anyone else, you can sign yourself up at www.DavidCBarnett.com I’m coming to Charlottetown, Prince Edward Island in January 2017. My live events always fill up fast. Find all my live events here: http://davidbarnett.eventbrite.ca Thanks and I’ll see you next time.

David Barnett, author of "How To Sell My Own Business" talks to us about the process and specific things he does to sell a business, so you can avoid the pitfalls of dealing with an inexperienced broker and also save yourself the typical 10-12 percent commission brokers usually take when you sell your business.

David Barnett, author of "How To Sell My Own Business" talks to us about the process and specific things he does to sell a business, so you can avoid the pitfalls of dealing with an inexperienced broker and also save yourself the typical 10-12 percent commission brokers usually take when you sell your business. Display TranscriptRobert Plank: Today's guest is David Barnett. He's the author of How to Sell My Own Business, a Guide to Selling Your Own Business Privately and Not Pay a Broker's Commission. David, welcome to the show. David Barnett: Thanks, Robert, for having me. It's great to be on with you today. Robert Plank: I'm happy to be talking to you. How to sell your own business, how do you do it? David Barnett: The book comes about because of my experience as a business broker. I spent 4 years working full time as a business broker helping people sell businesses and acting as an intermediary. I learned a lot along the way. 1 of the things, of course, that I learned is the majority of business owners would like to sell their business 1 day, but don't want to pay the huge fee associated with using a qualified business broker. When I left that industry, for a couple of reasons, I started thinking about my time as a broker. I realized, "You know what? There's a market and an opportunity to help people do this themselves without using a broker, which is what the majority of business owners want to do anyway." Robert Plank: That makes a lot of sense. Is it true? Somewhere I've heard some kind of statistic that 95% of the wealth is created by someone selling a business? Is that right? David Barnett: I'm not sure about that, but I know that over 80% of businesses that change hands do so privately, without the use of a broker. People are out there doing these deals anyway. What I kept coming across, as a broker and then later just working as a consultant helping people buy and sell businesses on their own, is that there's a lot of bad advice out there and a lot of people out there who don't quite know what they're doing. 1 of the things that I used to say to people when I was a broker is, "Hey, I'm an expert. I can help you do this successfully." because it is a complex operation. In my book, How to Sell My Own Business, I don't tell you everything you need to know to sell your own business. I tell you the process and I tell you what specific things that brokers normally do that the business owner does need professional advice to get done. You can get those things done on a fee-based service. What most brokers do is they'll say, "Look, I'll sell your business for you and I'll package it up and present it to buyers and I'm going to charge you 10 or 12% of whatever we end up getting for you." You can get those expert tasks done sometimes for a couple thousand dollars each. If you're willing to pay as you go through the process and hire experts like you would hire a lawyer, or an accountant, you can end up at the end of the day pocketing all the proceeds of the sale and just having some expenses along the way as long as you know the process and you know how to get from start to finish. Robert Plank: Instead of having someone do an all in 1 deal for you, you might have to do a little bit of hands on stuff yourself, a little bit of managing, but that way you just pay a flat fee instead of this percentage of what could be a huge amount of money. David Barnett: Yeah. When I was a broker, I sold a couple million dollar businesses and had to present people with some commission invoices for, in 1 case, it was $98,000. That's a really big pill to swallow. Robert Plank: Yeah, times 12%. David Barnett: Yeah, my bill was $98,000. Why did I have to charge that kind of money when I was dealing with these people? It's quite simple. As a broker, I'm taking on all different listings. Not all of them will sell. All of them require my time. If I'm going to work full time and have 10 or 12 businesses that I'm trying to sell at any give...

Join me and my guest, David Barnett, as we talk about his Amazon best-selling book, “Invest Local: A guide to superior investment returns in your own community.” David has been building his profile as an expert in the field of small and medium-sized enterprises. In this episode, he shares how he got into the business of helping and advising entrepreneurs. You don't want to miss this!In this episode, you'll learn:●    How a lot of people have no idea how to buy and sell a business, and there's a real need for someone to help them.●    Business brokerage is a secret market where all transactions are done in a discreet way, and generally by one person.●    Money is a very poor motivator, but the lack of money will motivate people to do things in all the wrong ways.●    Leveraging on your knowledge or experience in any kind of trade to set yourself apart from other investors or lenders●    And more! About David Barnett:David Barnett is a 1998 graduate of the Williams School of Business and Economics at Bishop's University, and a graduate of UNBSJ's Electronic Commerce Management Program. Since the late ‘90s, Mr. Barnett has been building his profile as an expert in the field of small and medium-sized enterprises.He is also an Amazon best-selling author with Invest Local: A guide to superior investment returns in your own community. Recent new titles include Credit Card Advantage: Understand the Costs and Benefits to your Business and Franchise Warnings: What you really need to know before you buy. All titles are available from Amazon or this website.Barnett's April 2016 book; How To Sell My Own Business, became a best seller under Amazon's Entrepreneurship category in its release month.Barnett works with entrepreneurs around the world helping them to buy, sell, and organize their small and medium-sized businesses.~ You can find David Barnett on: ●    LinkedIn - linkedin.com/in/davidbarnettmoncton●    Website - www.davidcbarnett.com ●    Twitter - DBarnettMoncton●    YouTube - https://www.youtube.com/user/DavidCBarnett