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David C Barnett Small Business and Deal Making SME
Canada
Приєднався 2 лют 2012
David C Barnett discusses buying and selling small businesses, franchise issues, doing private lending deals, investing in small businesses, small business finance, machinery & equipment sales and appraisals, real world start-ups, home economics, personal finance, negotiation, business systems, entrepreneurship, SME, M&A, private equity, permanent equity, business models. David does not discuss individual stocks or mutual funds.
Get into Business 101 Ep 4 Search Plan- Startup Buy a Business
***New Video Alert!
Part 4 of the ‘Get into Business 101’ summer series.
Today, we’re talking about your search plan.
People have a hard time considering how you go out and buy something that ‘isn’t for sale.’
Easy.
It’s a sales exercise.
Also, even if you want to start a business, you don’t want to miss this step and I’ll tell you why.
Check out this week’s video: ua-cam.com/video/YS7gW0qk_P8/v-deo.html
Cheers
See you over on UA-cam
David C Barnett
#businessbroker #bizbroker #businessbrokers #smallbusiness #mergersandacquisitions #smallbiz #entrepreneurship #entrepreneur #buyabusiness #startup #search #research.
Do Business with David using these incredible internet links...
- David's Blog where you can find hundreds of free videos and articles, www.DavidCBarnett.com
- Join David's email list so you never miss any new videos or important information or insights, www.DavidCBarnettList.com
- Book a call with David and let him help you with your project, www.CallDavidBarnett.com
- Learn how to buy a successful and profitable business in a risk-controlled way www.BusinessBuyerAdvantage.com
- Get help selling your business, www.HowToSellMyOwnBusiness.com
- Get better organized in your business, www.EasySmallBizSystems.com
- Learn to make better cash flow forecasts and write incredibly effective business plans from scratch!, www.BizPlanSchool.com
- Learn to build an equity asset with insurance! visit 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 www.EndMyMCA.com
Part 4 of the ‘Get into Business 101’ summer series.
Today, we’re talking about your search plan.
People have a hard time considering how you go out and buy something that ‘isn’t for sale.’
Easy.
It’s a sales exercise.
Also, even if you want to start a business, you don’t want to miss this step and I’ll tell you why.
Check out this week’s video: ua-cam.com/video/YS7gW0qk_P8/v-deo.html
Cheers
See you over on UA-cam
David C Barnett
#businessbroker #bizbroker #businessbrokers #smallbusiness #mergersandacquisitions #smallbiz #entrepreneurship #entrepreneur #buyabusiness #startup #search #research.
Do Business with David using these incredible internet links...
- David's Blog where you can find hundreds of free videos and articles, www.DavidCBarnett.com
- Join David's email list so you never miss any new videos or important information or insights, www.DavidCBarnettList.com
- Book a call with David and let him help you with your project, www.CallDavidBarnett.com
- Learn how to buy a successful and profitable business in a risk-controlled way www.BusinessBuyerAdvantage.com
- Get help selling your business, www.HowToSellMyOwnBusiness.com
- Get better organized in your business, www.EasySmallBizSystems.com
- Learn to make better cash flow forecasts and write incredibly effective business plans from scratch!, www.BizPlanSchool.com
- Learn to build an equity asset with insurance! visit 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 www.EndMyMCA.com
Переглядів: 316
Відео
2023 HC#007 Harry inquires about a government contractor Video
Переглядів 18014 годин тому
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, www.Da...
Get into Business 101 Ep 3 Build your team- Startup Buy a Business
Переглядів 35519 годин тому
New Video Alert! Part 3 of the ‘Get into Business 101’ summer series. Today, we’re talking team members. This is something you do before you get into business. I’ll explain the experts and the not-so-experts that you need to find in your community and online. Check out this week’s video: ua-cam.com/video/hA75uMo3cNw/v-deo.html Cheers See you over on UA-cam David C Barnett #businessbroker #bizbr...
2023 HC#006 Jim raises investor money to buy an online Biz Video
Переглядів 268День тому
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 ...
Get into Business 101 Ep 2 Skills Resources and Industry Startup Buy a Business
Переглядів 41014 днів тому
New Video Alert! Part 2 of the ‘Get into Business 101’ summer series. Today, we’re talking resources. Understanding what you’re working with will inform your options. Money Debts Personal Assets Skills and Experience. Check out this week’s video: ua-cam.com/video/8_IiRwZ0bOo/v-deo.html Cheers See you over on UA-cam David C Barnett #businessbroker #bizbroker #businessbrokers #smallbusiness #merg...
2023 HC#005 JB needs help finding a biz for sale video
Переглядів 46314 днів тому
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 ...
Get into Business 101 Ep 1 Integrity- Startup Buy a Business
Переглядів 50921 день тому
New Video Alert! If you’re going to be in business for the long term and grow, you need customers who think highly of you. This means they’ll refer you and buy again. But you’ll never have this if you lack this one crucial element… Integrity. I’ll show you how to maintain it in this week’s video: ua-cam.com/video/hR-y5ceSjB0/v-deo.html Cheers See you over on UA-cam David C Barnett #businessbrok...
2023 HC#004 Tim Fixes Broken SMBs Video
Переглядів 35721 день тому
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...
2023 HC#003 Examining a Cash Roofing Biz Video
Переглядів 437Місяць тому
2023 HC#003 Examining a Cash Roofing Biz Video
What does David do to serve entrepreneurs
Переглядів 368Місяць тому
What does David do to serve entrepreneurs
2023 HC#002 James does a normalization in the UK Video
Переглядів 317Місяць тому
2023 HC#002 James does a normalization in the UK Video
Who Should Appraise the Business for SBA? Incentives and Biases in valuation work.
Переглядів 542Місяць тому
Who Should Appraise the Business for SBA? Incentives and Biases in valuation work.
Buying a Business as a Group Without Personal G
Переглядів 235Місяць тому
Buying a Business as a Group Without Personal G
Best Businesses for the End of the World
Переглядів 704Місяць тому
Best Businesses for the End of the World
Marriage and Partnerships in Small Business
Переглядів 4032 місяці тому
Marriage and Partnerships in Small Business
Gift Card issues in buying selling small business
Переглядів 4902 місяці тому
Gift Card issues in buying selling small business
Finance Strategies to Maximize Profit
Переглядів 1,3 тис.2 місяці тому
Finance Strategies to Maximize Profit
New Due Diligence Module Business Buyer Advantage Online Training
Переглядів 3043 місяці тому
New Due Diligence Module Business Buyer Advantage Online Training
Real estate sellers vs. Business Sellers
Переглядів 2063 місяці тому
Real estate sellers vs. Business Sellers
Intellectual Property Value and Brand value in SMB. IP
Переглядів 6253 місяці тому
Intellectual Property Value and Brand value in SMB. IP
Holding Companies Explained- Protect assets and enable tax strategies.
Переглядів 5194 місяці тому
Holding Companies Explained- Protect assets and enable tax strategies.
Unseen Liabilities- SmallBiz worth less than $1!
Переглядів 1,6 тис.4 місяці тому
Unseen Liabilities- SmallBiz worth less than $1!
What was the website? To look at statistics
Great Video, David. It explains exactly why it's so difficult to succeed in this industry. For over 26 years Business Brokers & Consultants has been helping buyers and sellers successfully exit and acquire their businesses- And IT IS NO EASY JOB! We are not a franchise, like the Sunbelt office you owned. We are independent. Our Principals and small team work directly with local clients from our Metro-Louisville offices in Kentucky. And, we don't charge any retainers or other up-front fees, like you mentioned. So, next time someone wonders at our success fee structure, I am going to share your video.
Great stuff as always David.
hello
Hi.
the broker could add their commission to the pot especially if they were a party in the purchase
I have heard of brokers becoming partners on deals. I think it's pretty rare though, most need cash at closing to pay their bills.
Dude, ❤your talking😂
Yes. With my mouth.
Can this course work for M&A deal analysis?
Business Buyer Advantage is all about M&A deals. The tool is specifically for analyzing deals.
@DavidCBarnett look for my purchase later today lol!
Thank you so much David. Second video of yours for me. You cut through the bs and I appreciate it!
With a chainsaw!
Wanna invest in a business so my girlfriend don't have to work hard... Looking for something to gift her... Working in cybersecurity, thought about putting something that runs itself and she can handle as non engineer...How about a local store like Target? (zero experience in retail though...) trying to learn drop shipping but I feel lost...
So, you want to buy your girlfriend a Target store so she can make money without working too hard? You're on the wrong channel.
I'm curious where to find aquisition contract templates. Do you offer this within your courses? Are there places online i can use as a resource for drafting a contract to my industry needs? I truly appreciate the value you're putting into your content!
There is an 'offer to purchase' form within Business Buyer Advantage. I would not suggest you try to do the definitive purchase agreements. You really should get legal help. Watch this video: ua-cam.com/video/wBroDZFO_cI/v-deo.html
Can't use disc to hire in the states if you have 50+ employees. That's why he was careful to say it's used after. From experience, I can say it 100% predicted who we fired. Accounting firm, and if you weren't C learning, you didn't like the job.
Interesting point. thank you.
no wonder, thats a useless idea to be honest. lmaoooooooooooooooooooooooooooooooooooooooo first timer. never coming back xD why recommend someone like you.
12:54 Couldn't agree with you more on this one. Pay down your debts first! You'll be in a much better place to leave a job, negotiate the purchase of a business, etc.
Yes. People don't like it though.
@@DavidCBarnett So wait, do you think that a lot of people who buy businesses (and borrow to buy them) still have other debt like credit cards, mortgages, etc?
Here's how to get around this issue with the boss. Don't EVER EVER tell your employer, or your co-workers, that you have a side business. What they don't know won't hurt you.
Are you operating in Canada or US? That makes a big difference because a Canadian is not eligible for an SBA now! I have been trying to buy a business in the US for 3 years now. No bank will entertain a loan form a canadian with a perfect credit score and 20% cash down with assets to cover the remaining 80%. Private lending???? Not really an option at those rates.
SBA is an American program. You don't have to be a citizen to use an SBA loan, but you do have to be a legal resident there.
Thanks David. Good, practical advice, especially the bit about getting credit facilities in place before leaving employment.
Glad it was helpful!
Hi David - does the Excel Business Analysis Tool work on Google Sheets?
People use it that way, however the macro shortcuts and buttons may not work like they do in Excel. (not serious)
Im a Business Broker here in New Zealand, and I find it interesting that, other than some terminology, you could be talking to a broker in NZ. The issues and challenges etc are virtually the same, although it appears that the actual process might differ a little.
Yes, I've spoken to brokers all over and at the end of the day, business is done between people and everyone faces similar challenges in their deals.
Do you think mattress stores could be a good business to buy ?
@David-wm6ti ironically I just walked out of a meeting with a client who has one for sale. Where are you located?
Competitive industry but everyone needs a mattress! There are many niches in this industry, the discount mattress stores can have seasonal cash flow.
Depends. Can you get good supplier support and pricing? What's the competition like in your market? So, I'm gonna stick with 'depends.' LOL
I’ve been loving your videos, but But honestly, I’m over six minutes in and not enjoying the semantic exploration. I want your experience in business, not language.
Hi David - I think you double deducted depreciation. Both at Z6 and Z12, ua-cam.com/video/ww4XRyMgHrY/v-deo.html
see the pinned comment.
@@DavidCBarnett Sorry - didn't notice it. I do like the simplicity of your spreadsheet however, I have run several of my businesses through it. Thanks.
New viewer here. First video I've seen of you. Love the depth.
Welcome aboard!
Awesome analysis David. Very helpful.
Glad it was helpful!
whats the equivalent of SBA loan in Canada ? I heard you can get loans from BDC for purchasing a business
Another gem of a video this channel is a goldmine
Thanks
Love this. Thanks david. You and alex hormozi are the only business youtubers that dive into technicals and give APPLICABLE advice. (You dive way deeper of course.)
Just keep watching. One day my biceps will be bigger too! ;)
Anyone know the answer: If the Net Earnings are $85.942.34 then how does the owner pull out a $100,000 Owner's Salary? Where does it come from?
Net earnings is not cash flow either. Things like depreciation are not cash expenses. Also, cash collected in earlier periods could be taken out at owner's salary in later periods. It's why you need to be looking at balance sheets as well as income statements.
This guy doesn’t want you to compete with him? 😅😢🎉
Integrity, unfortunately is a dying breed. That is the disconnect between myself, and my current employer. They’ll talk the talk, but won’t walk the walk. And yes, it almost always is money- driven.
Survival-drive makes people twist their perceptions.
Lol, the breeders are only breeding self integrity, and if you want one of those integrity for others, the best you'll find is a mix breed 😂
Hi David, Another great episode. I could not agree more with the points you made. BTW I listened to it first on your Podcast but wanted to come here to leave a comment because I admire the great work you do in educating and supporting business owners and buyers and fellow professional who enjoy your work. Congrats on the book pre-launch. 🎉
Awesome, thank you!
Great episode Dave! The one recommendation is to edit and adjust your audio, as the audio of the guest and your audio is like 3X different and when you both speak we have to be constantly be adjusting our volume on our end here because we either hear you guys too loud or too low
Thanks for the tips!
Just an FYI, there are 970 McDonald's in Australia and 13500 in the US. Pretty much in line with population.
I didn't know that.
Also all cash in banks when offer is made... 😂
Depends on the offer format. A share purchase should include a target balance sheet or Net-position in working capital peg.
Was there a multiple applied to the SDE to determine a sale price? I saw a newer video where you referred to a 2.0-2.2 multiple, I thought it pertained to SDE but might be wrong.
This video talks about cash flow. not valuation.
Great information. Thank you 😊
Thanks
The weight savings is costing us a small fortune to get access to his time.
Great stuff - thanks!
Cheers
Need own specialist.
Yes.
Scary.. all about making their money first...
Everyone goes to work everyday to earn money. It amazes me how some people forget this.
David, sound advice as always. Another way to reach that end goal would be to start building business relationships and partnerships with the kind of businesses you intend to buy, and if after a couple of years, you have accumulated enough capital and built trust with them, the opportunity to buy them out may manifest naturally 😊.
Great advice.
I’ve learned so much from Will and David. Now I’m sure I’ll learn a lot for Ryan and Jaryd. Great show, guys.
Thank you for your kind words! We're thrilled to hear you're enjoying the show and finding it valuable.
It means keep your day job as well to generate monthly cash flow. Very hard to live on just commission.
I think you need some kind of other income, that's for sure.
Great video
Thanks Gurit!
great info...thank you!
Glad it was helpful!
I like you
Thanks. I love you and all my other viewers.
Great information. Thanks
Cheers.