David C Barnett Small Business and Deal Making M&A SMB

Find cultivating success on YouTube at https://www.youtube.com/channel/UCw5cTeyMHW22LflgWlQxm4g or in your podcast app. ---------------- Original Show Notes... Ep04: Protect Yourself by Asking Lots of Questions 1 waiting Premieres Oct 25, 2022 David has been working with small and medium sized businesses for over 20 years. He has helped entrepreneurs buy and sell them, He has helped them grow. He has helped people finance them. David is the author of 8 books about small business transactions and local investing. He is the host of a YouTube channel with hundreds of videos about buying, selling, financing and managing small and medium sized businesses and can be found anytime at his blog site Listen to this informative Cultivating Success episode with David Barnett about buying and selling businesses. Here is what to expect on this week’s show: - David’s background and how he got into consulting. - How David discovered his interest in entrepreneurship on his own. - David’s transition from finance brokerage to business brokerage. - What drove him out of the brokerage business. - The world is becoming more and more apathetic. Connect with David: Links Mentioned: http://www.davidcbarnett.com/

Hey grad! Should you buy a business or pay off your student debt? Harry wants to know if it makes more sense to pay off his student debt or to buy a business. Let’s see by doing a pro/con analysis in this week’s video… https://youtu.be/9WG_ssmq3LU Learn how to buy a business at https://www.BusinessBuyerAdvantage.com Book a call with me at https://www.CallDavidBarnett.com Join me on Twitter: https://www.twitter.com/dbarnettmoncton Books can be found in my Amazon store: https://www.amazon.com/shop/davidbarnett Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com Want to look dangerous like David? Jeff Alpaugh Customs has a special offer for you: https://www.JeffAlpaugh.com/DCB10

New Livestream guest- Rick Nicholson I’m happy to have Rick Nicholson join me on a live broadcast. Rick has decades of experience in the hospitality industry including having owned 7 different restaurants. He’s also the author of The Art of Restaurant Theft; 70 Sneaky Tricks Your Employees May be Doing. Tune in and as we’ll be discussing how to steal money in a business. (or how to make it harder for employees.) This is a ‘must see event’ for anyone who will ever have anything to do with a cash or inventory laden business. Find the book in my Amazon store at https://www.Amazon.com/shop/davidbarnett

Will higher interest rates lead to financial ruin for business buyers? Not if you’re careful and don’t overpay. I built a little tool to demonstrate the effect of higher interest rates on buying a business under two common scenarios. As you’ll see, rates can move quite a bit before it makes a material impact on your deal…. Check it out in this week’s video: https://youtu.be/MGzEM7j5aGM Learn how to buy a business at https://www.BusinessBuyerAdvantage.com Book a call with me at https://www.CallDavidBarnett.com Join me on Twitter: https://www.twitter.com/dbarnettmoncton Books can be found in my Amazon store: https://www.amazon.com/shop/davidbarnett Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com Want to look dangerous like David? Jeff Alpaugh Customs has a special offer for you: https://www.JeffAlpaugh.com/DCB10

We give you an update and play some clips from our new show coming out later this year... Your Exit Squad. Subscribe to be the first to see new shows at https://www.YourExitSquad.com Want to appear as a guest? https://www.YourExitSquadGuests.com Want to help as a partner? https://www.YourExitSquadPartners.com

What you read about online may not represent the reality of the world. Future was watching my videos and wanted to know why he only sees complainers online who’ve done bad deals. Can someone really buy a business with $500K of profits and live happily ever after? Why does it seem like it doesn’t work for most people? In this week’s video, I detail if it can be done. Who’s doing it. Who’s talking about it. Who’s not finding them. Who’s being caught and why. Check it out in this week’s video: https://youtu.be/dAJVTNZKPG0 Learn how to buy a business at https://www.BusinessBuyerAdvantage.com Book a call with me at https://www.CallDavidBarnett.com Join me on Twitter: https://www.twitter.com/dbarnettmoncton Books can be found in my Amazon store: https://www.amazon.com/shop/davidbarnett Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com Want to look dangerous like David? Jeff Alpaugh Customs has a special offer for you: https://www.JeffAlpaugh.com/DCB10

Bill was a no-show, unfortunately... so, I spoke to all of you and talked about Holiday Chat 2022!

Matthew asks how to decide what business is right for you. There are two ways: 1. Extrapolate from self-analysis. 2. The thesis method. Let me summarize both and tell you what I think are some key factors to keep yourself from being caught up in ‘shiny object purgatory.’ Learn more about the two methods of industry identification here: https://youtu.be/p1UbedYYnAM Learn how to buy a business at https://www.BusinessBuyerAdvantage.com Book a call with me at https://www.CallDavidBarnett.com Join me on Twitter: https://www.twitter.com/dbarnettmoncton Books can be found in my Amazon store: https://www.amazon.com/shop/davidbarnett Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com Want to look dangerous like David? Jeff Alpaugh Customs has a special offer for you: https://www.JeffAlpaugh.com/DCB10

Courtney wants to know how she can be the best business lawyer she can and win more work from dealmakers like you. My advice… Design her practice like a restaurant. Be transparent. Build a risk matrix to maximize communication with clients. Really, they’re mostly tricks from my small business systems program. Learn more here as well as my warnings about WHAT NOT TO DO: https://youtu.be/iCvpMlaLF2I Learn how to create better systems and an operating manual in any small business in only a few easy steps at https://www.EasySmallBizSystems.com Book a call with me at https://www.CallDavidBarnett.com Join me on Twitter: https://www.twitter.com/dbarnettmoncton Books can be found in my Amazon store: https://www.amazon.com/shop/davidbarnett Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com Want to look dangerous like David? Jeff Alpaugh Customs has a special offer for you: https://www.JeffAlpaugh.com/DCB10

New Livestream guest- Palmer Higgins from Chenmark I’m happy to have Palmer join me on a live broadcast. Palmer and his partners have built up a holding company with multiple small business operating units in two countries from their home base in Portland, ME. Tune in and as we’ll be discussing how they buy businesses and put someone else in charge of running them. This is one of the biggest topics I’m asked about all the time and we’ll get to hear some of the challenges and the reality of what it’s like to oversee someone else who runs your business. This is a ‘must see event’ for anyone trying to step back from being the leader in an operating business or who plans to build their own ‘Baby Berkshire’ one day. Find the Weekly Thoughts blog here: https://chenmark.com/weekly-thoughts/ Learn to buy a business at https://www.BusinessBuyerAdvantage.com Cheers David C Barnett