David C Barnett Small Business & Deal Making

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

https://www.BusinessBuyerAdvantage.com https://www.HowToSellMyOwnBusiness.com Learn more at https://www.DavidCBarnett.com Related article... Paul’s journey to learn the Jedi arts… Paul reached out to me to find out where he needs to go in order to learn about the trade of business brokerage. I take some time to review the experience, skills and resources any person would need to be successful as a business broker. With particular attention to how and from WHOM you should gain some real-world experience. Check it out in this week’s video: https://youtu.be/0qd6xRNN-I4 Learn how to buy an already-successful and profitable business in a risk-reduced way even in the covid-recession https://www.BusinessBuyerAdvantage.com Learn how to Sell a business. https://www.HowToSellMyOwnBusiness.com Learn how to make really amazing cash flow forecasts and business plans: https://www.BizPlanSchool.com Book a call with me at https://www.clarity.fm/davidbarnett Stop missing my new videos. Join my email list here:

Learn from your cousin on the other side of town. Sellers: Do you tire of waiting to be paid or are you excited to be making a high-yield investment? Perspective is important in how you approach the topic of financing the sale of your business. Learn why you might need to be part of the financing solution of a business sale and why this may be an amazingly profitable turn of events. Check it out in this week’s video: https://youtu.be/PO1M-_wq-m4 Learn how to buy an already-successful and profitable business in a risk-reduced way even in the covid-recession https://www.BusinessBuyerAdvantage.com Learn how to Sell a business. https://www.HowToSellMyOwnBusiness.com Learn how to make really amazing cash flow forecasts and business plans: https://www.BizPlanSchool.com Book a call with me at https://www.clarity.fm/davidbarnett Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com owner will carry seller financing business broker seller note

Listen as I join Josh Wilson on his show, The Deal Scout, where we talk about investing in local businesses. I also share my thoughts on how to mitigate risks and get great returns back by collateral and personal guarantees! Check out Josh Wilson here: https://thedealscout.com/ Learn how to buy an already-successful and profitable business in a risk-reduced way even in the covid-recession https://www.BusinessBuyerAdvantage.com Learn how to Sell a business. https://www.HowToSellMyOwnBusiness.com Book a call with me at https://www.clarity.fm/davidbarnett Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com

https://www.BusinessBuyerAdvantage.com https://www.HowToSellMyOwnBusiness.com Learn more at https://www.DavidCBarnett.com Related article... The Terms can be more important than the price. How much would you pay for a business if you were afraid that the customers wouldn’t like you? This can be a problem in many small businesses where there is a relationship directly between the business owner and the important customers. If an owner never invested the time to prepare, they may not be happy about the solution to getting a fair price for the business. Watch and learn more. Check it out in this week’s video: https://youtu.be/O48arsARXq4 Learn how to buy an already-successful and profitable business in a risk-reduced way even in the covid-recession https://www.BusinessBuyerAdvantage.com Learn how to Sell a business. https://www.HowToSellMyOwnBusiness.com Book a call with me at https://www.clarity.fm/davidbarnett Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com busi

https://www.BusinessBuyerAdvantage.com https://www.HowToSellMyOwnBusiness.com Learn more at https://www.DavidCBarnett.com Related article... The way money goes into a business controls how it can come out. Lending money to a corporation you own creates a debt and an asset. These can be part of the tax strategy employed when selling and can create options for buyers and sellers. Watch and learn more. Check it out in this week’s video: https://youtu.be/MXkBD37STTI Learn how to buy an already-successful and profitable business in a risk-reduced way even in the covid-recession https://www.BusinessBuyerAdvantage.com Learn how to Sell a business. https://www.HowToSellMyOwnBusiness.com Book a call with me at https://www.clarity.fm/davidbarnett Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com business brokers mergers and acquisitions shareholder loan director loan cpa

Original release notes. Reposted with permission. Bad Funding Choices for Small Business with David Barnett The economic shutdown has been costly for small businesses. If you’re an owner concerned about the future health of your business, what should you do? Could you sell your business? What are your options if you have a lot of business debt? On today’s podcast, guest David Barnett, a business broker, returns to discuss how COVID-19 has impacted small businesses and why some businesses are having a harder time selling than others. He also shares strategies some companies have deployed to stay afloat during the pandemic and advice to avoid bad business funding choices. David also explains the sunk-cost fallacy and recency bias to help you understand whether it’s financially worthwhile to maintain your business. Tune in for lots of practical advice! | Debt Free In 30 | Ep. 354 Related Links: Debt Traps of Buying a Business with David Barnett: https://www.youtube.com/watch?v=-HbW9... David Barnett’s Websi

Getting your cash bomb ready to pull the trigger on a deal can make you flexible. Want to outmaneuver the other buyers? Be able to have the cash to make a deal with no banker. It does have it’s risks, depending on where you get the cash and what the terms are. Especially now given the price of many assets. Check it out in this week’s video: https://youtu.be/W6WBiRp-LK4 Learn how to buy an already-successful and profitable business in a risk-reduced way even in the covid-recession https://www.BusinessBuyerAdvantage.com Book a call with me at https://www.clarity.fm/davidbarnett Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com business brokers mergers and acquisitions smb

Sara Christensen has had to suffer the loss of a successful business because of cancel culture online and she's not the only one. Join me as I talk to Sara about her new business- Protecting and defending businesses against this very threat. https://www.StopCancelCulture.com Sara was the May guest speaker in the Business Buyer Adventure group coaching program https://www.BusinessBuyerAdventure.com Set a reminder for yourself so you don't miss it live. Replay will be available on YouTube and my blog https://www.DavidCBarnett.com

https://www.BusinessBuyerAdvantage.com https://www.HowToSellMyOwnBusiness.com Learn more at https://www.DavidCBarnett.com Related article... Zafer is working hard, where is the Goodwill going? Zafer emailed me to say that the business he bought is doing better, so why does the goodwill on his balance sheet keep going down? Should it not be going up? It all has to do with accounting rules and something called conservatism. I explore that and also answer how the Goodwill got onto the balance sheet in this week’s video: https://youtu.be/Q6TQF1NZ58w Learn how to buy an already-successful and profitable business in a risk-reduced way even in the Book a call with me at https://www.clarity.fm/davidbarnett Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com cpa mergers and acquisitions smb business brokers m&a

This release is a secret. Marc is at www.NaturalBornCoaches.com We discuss wantrapreneurs, business cosplayers and douchepreneurs. Cheers

https://www.BusinessBuyerAdvantage.com https://www.HowToSellMyOwnBusiness.com Learn more at https://www.DavidCBarnett.com Related article... Sujit wants to know if there are ways to improve his Personal Net-Worth Statement. Want to impress your banker that you’re good for the loan? You’ll need a great net-worth statement. But, what qualifies as an asset and what kinds of liabilities may hurt you? This week I explore some of the things I’ve seen and some of the reactions bankers have had to them. Also, a few mentions about the tricks some people try to employ. Check it out in this week’s video: https://youtu.be/cb4RDbjI0mw Learn how to buy an already-successful and profitable business in a risk-reduced way even in the Book a call with me at https://www.clarity.fm/davidbarnett Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com smb business broker net worth statement mergers & acquisitions

https://www.BusinessBuyerAdventure.com https://www.DavidCBarnettList.com https://www.CheerMeUp.ca Here's the agenda- Motorcycles 3 year anniversary of the Adventure group. When your BATNA is a startup David's weight goal Dad bods Join us, it'll be fun

https://www.BusinessBuyerAdvantage.com https://www.HowToSellMyOwnBusiness.com Learn more at https://www.DavidCBarnett.com Related article... Gerber talked about the Entrepreneur and the Technician. What about the Investor? Peter wanted to know if making separate companies for real estate and operating business would help with the ‘normalization problem’. I explained in this old video about millennials and boomers: https://youtu.be/uCSTCS2z3tk I address the whys and why nots but then get into the meat of the problem. It has to do with the mentality of the business owner and whether they have the discipline to make the tough choices. Many do not. Are you brave enough to do extreme things? Like evict your own business from your building?... Check it out in this week’s video: https://youtu.be/HR-sZRmn3M4 Learn how to buy an already-successful and profitable business in a risk-reduced way even in the covid-recession https://www.BusinessBuyerAdvantage.com Book a call with me at https://www.clarity.fm/davidb

Scott Smith is an expert and making sure your assets remain safe in the case of lawsuits and others who might try to pillage them. Tune in live and we'll discuss some strategies used in the US and give you some ideas of what can be done in other countries as well. Learn more about Business Buyer Adventure at https://www.businessbuyeradventure.com Join my email list at https://www.DavidCBarnettList.com Find Scott online at https://www.RoyalLegalSolutions.com

https://www.BusinessBuyerAdvantage.com https://www.HowToSellMyOwnBusiness.com Learn more at https://www.DavidCBarnett.com Related article... Is small business equity a good investment even in a portfolio? I received a question from a YouTube subscriber about investing in the equity of many small businesses. Making a portfolio, if you will. I discuss if this is a good idea, what it would take to pull it off and a much easier solution. Check it out in this week’s video: https://youtu.be/eNMq77ZoiAE Learn how to buy an already-successful and profitable business in a risk-reduced way even in the covid-recession https://www.BusinessBuyerAdvantage.com Book a call with me at https://www.clarity.fm/davidbarnett Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com business broker mergers and acquisitions smb mergers and acquisitions explained mergers and acquisitions basics

https://www.BusinessBuyerAdvantage.com https://www.HowToSellMyOwnBusiness.com Learn more at https://www.DavidCBarnett.com Related article... What will a business lender think of Eric’s Plan? This week I answer Eric’s question about whether I think it’s a good idea to stop paying his mortgage in order to build a down payment for a business. He also wants to know what business lenders might think. I answer the question and go deeper. What are your true long-term burning desires and what are you willing to do to achieve them? Check out my outrageous opinions in this week’s video: https://youtu.be/amAQ1HJinA4 Learn how to buy an already-successful and profitable business in a risk-reduced way even in the covid-recession https://www.BusinessBuyerAdvantage.com Book a call with me at https://www.clarity.fm/davidbarnett Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com stimulus stimulus check business broker mergers and acquisitions business brokers housing market

https://www.BusinessBuyerAdvantage.com https://www.HowToSellMyOwnBusiness.com Learn more at https://www.DavidCBarnett.com Related article... Owing money to a seller when buying a business. This week I answer two questions about seller financing when buying a business… One about whether a seller will sue you for the balance if there is a default. Another about the ideal amount of financing that should be used when buying a business. Check out my outrageous opinions in this week’s video: https://youtu.be/YhEs5CG3uGs Learn how to buy an already-successful and profitable business even in the covid-recession of 2020 https://www.BusinessBuyerAdvantage.com Book a call with me at https://www.clarity.fm/davidbarnett Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com mergers and acquisitions business brokers smb owner financing

Andrew Stotz is the founder of A. Stotz Investment Research and host of My Worst Investment Ever Podcast. He's made a serious hobby out of analyzing failure! In our show, we'll cover 6 guaranteed ways to lose your money and some strategies to win. Please join us live and to ask questions. Link to Andrew's course: https://academy.astotz.com/courses/finance-made-ridiculously-simple?coupon=davidb Sign up for my email list at https://www.DavidCBarnettList.com https://www.BusinessBuyerAdvantage.com

Yat-Long and I will be discussing my podcast and whether it needs a catchy name. We'll share some news about the celebrations planned for the Adventure group. News about my weight loss journey and the new motorcycle. Join us live! https://www.BusinessBuyerAdventure.com