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

If I had known this earlier, I would have wasted less time. Sometimes our thinking has biases that we don’t even know are there. When these biases limit our thinking, it can prevent us from seeing the truth. In this week’s video, I explain what I’ve learned over fifteen years that made a big change for me about a decade ago when I look at a business. This tip can save you a lot of wasted time and money. Watch: https://youtu.be/t2a-e68-Y_A Learn how to buy an already-successful and profitable business even in the covid-recession of 2020 https://www.BusinessBuyerAdvantage.com Learn to sell your 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 broker smb mergers and acquisitions how to buy a business investor

Original Notes: IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 2:23 How David got on the journey of helping entrepreneurs 12:25 Positioning a business to be attractive for buying 15:57 Top 5 reasons why business go for sale 19:30 Mistakes that sellers often make 23:46 The “dream” of selling a small business for $1 million 25:07 Development of small businesses in Canada 30:03 Understanding the terms of sale 37:07 The role that insurance plays in business and transferability 45:10 Who David wants to be a hero to 📌 EPISODE LINKS: Follow David Barnett: Website: https://www.DavidCBarnett.com Twitter: https://twitter.com/DBarnettMoncton Facebook: https://www.facebook.com/DBarnettMoncton Instagram: https://www.instagram.com/dbarnettmoncton/ YouTube Channel: https://www.youtube.com/user/DavidCBarnett 🎙️ WEALTH WITHOUT BAY STREET LINKS: Learn how Canadian are Implementing Infinite Banking for Free Here: https://wealthwithoutbaystreet.com/masterclass Podcast Website: https://wealthwithoutbaystreet.com/ Follow us on Facebook: https://wealthwithoutbaystreet.com/fb Subscribe to our Youtube Channel: https://wealthwithoutbaystreet.com/yt Book a 15-minute call: https://wealthwithoutbaystreet.com/15mincall Re-think Your Thinking - The Backwards Bicycle : https://wealthwithoutbaystreet.com/backbike Watch our Tribute To The Man Who Created Infinite Banking R. Nelson Nash here: https://wealthwithoutbaystreet.com/dayofnelson 🤝 Join Our Community! https://wealthwithoutbaystreet.com/community Check out our other Channel for more content: https://wealthwithoutbaystreet.com/bankersvault 📚 IBC RECOMMENDED BOOKS https://wealthwithoutbaystreet.com/books 📽️ WATCH THE DOCUMENTARY Documentary Film This is Nelson Nash: https://www.ascendantfinancial.ca/nelson-nash-film/ 💸 Financial Advisor? Learn about the Infinite Banking Concept here: Nelson Nash Institute Practitioner Program: https://infinitebanking.org/practitioners-program/ref/6/ EVA - Economic Value Add The Real Key To Creating Wealth Article: https://infinitebanking.org/the-real-key-to-creating-wealth/ref/6/ EVA - Economic Value Add The Real Key To Creating Wealth Article: https://infinitebanking.org/the-real-key-to-creating-wealth/ref/6/ #WWBS #JaysonLowe #RichardCanfield #theinfinitebankingconcept #wealthwithoutbaystreet #DavidBarnett

HC2020#6 Dean calls to talk rollups but does he really mean conglomerates? I lay out some examples that I’ve worked on and why things happen the way they do and what any plan needs to contain. Also, how some business owners do it wrong and what can happen

HC2020#5 Young 20-year-old Rashad in Dallas is looking for a way to buy up a lot of small businesses and put them together into a big enterprise. His ultimate goal is to have businesses in many industries so that he’s diversified. AND- he’s looking for things that are scalable. What Rashad needs is a plan.

HC2020#4 Paul H. has moved from Michigan to Florida. While he keeps his Michigan business going via Zoom, he wants to know my ideas of how business valuations can help him build a business brokerage in Florida.

Cody already has a successful business selling his own unique products via Amazon. He's a former financial trader who wants to start acquiring other Amazon businesses to add on to his established infrastructure.

HC2020#2 After many bumps and bruises in business, Christian has finally figured out how to make money with his business. Now he wants to leave it all and get into a riskier one without enough money. Should he keep chasing new business ideas or deal with the real problem that plagues him?

HC2020#1 Cole is a young man in Texas who wants to be in business. He’s got a career sailing ships but wants his own thing to keep him at home so that he can be a family man. See on YouTube: https://youtu.be/oNZncGCF3jw

https://www.BusinessBuyerAdvantage.com https://www.HowToSellMyOwnBusiness.com Learn more at https://www.DavidCBarnett.com Related article... The cash flow is not always the cash flow. Paul sent in a question about the difference between Net Income, Cash Flow and SDE. What is the difference and when do we use them? What danger is there when we don’t understand the numbers? Many people mess this up and end up working for nothing in their own business. Watch here: https://youtu.be/E0IEGtsIE1o Learn how to buy an already-successful and profitable business even in the covid-recession of 2020 https://www.BusinessBuyerAdvantage.com Learn cash flow forecasting and business plan writing at https://www.BizPlanSchool.com Learn to sell your 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 smb buy a business investing financial statements cash flow statement

https://www.BusinessBuyerAdvantage.com https://www.HowToSellMyOwnBusiness.com Learn more at https://www.DavidCBarnett.com Related article... Asking for 2% more should not be what you’re afraid of. Fear the feeling that you can’t. Eric wants to know about strategies for raising prices in a manufacturing context. A relationship is about value which can be about more than just price. Relationships also mean frequent contact and mutual understanding. If you’re afraid to raise the price, then maybe there’s something else missing from the relationship? Watch: https://youtu.be/np9KDSCUhzw Learn how to buy an already-successful and profitable business even in the covid-recession of 2020 https://www.BusinessBuyerAdvantage.com Learn to sell your 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 b2b sales b2b sales process smb mergersandacquisitions business broker