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

Business Broker Fails: How Bad CIMs Kill Deals


Listen Later

• “Is the Inventory Added or Included in the Price of a Business?” video https://www.youtube.com/watch?v=X6L_dS2gRYs
• LIVE: Neal Isaacs — Seller Journeys with Business Brokers” https://www.youtube.com/live/-7vt5Ef-9i8
***
This week, I’m digging into one of the most common frustrations I hear from business buyers — poorly prepared CIMs and business profiles.
If you’ve ever tried to review a deal only to find missing financials, no balance sheet, or vague “adjusted income” numbers that make no sense… you’ll want to watch this one.
In this video, I break down the top errors business brokers make when preparing CIMs, including:
-Missing balance sheets and working capital details
-No asset list or equipment valuation
-Sloppy or missing normalization adjustments
-And why not accounting for the owner’s time completely skews earnings
Whether you’re a buyer trying to make sense of bad info or a seller who wants to present your business properly, this will help you understand what a real, professional SIM should look like.
Watch the full video here: https://youtu.be/bKu7n20H750
#BusinessBroker #BuyASmallBusiness #SellYourBusiness #BusinessProfile #SIM #BusinessValuation #Entrepreneurship #DavidCBarnett
***
YouTube Chapters
00:00 – Intro
01:25 – What a SIM (Confidential Information Memorandum) Should Be
04:15 – Mistake #1: No Balance Sheet or Working Capital Info
08:30 – Mistake #2: Missing Asset List or Equipment Values
12:40 – Mistake #3: Poor or Missing Normalization Adjustments
18:00 – Mistake #4: No Account of the Owner’s Time or Role
22:20 – Why These Gaps Waste Everyone’s Time
25:15 – How Proper CIMs Help Sellers and Buyers
28:00 – Why My Team Builds Complete Business Profiles for Clients
30:45 – Final Thoughts & How to Prepare the Right Way
#BusinessBroker #BusinessProfile #SIM #BuyASmallBusiness #SellYourBusiness #BusinessValuation #EntrepreneurTips #BusinessDeals #SMB #DavidCBarnett
****
- Join David's email list so you never miss any new videos or important information or insights, RECEIVE 7 FREE GIFTS!!- https://www.DavidCBarnettList.com
****
Do Business with David using these incredible internet links...
- David's Blog where you can find hundreds of free videos and articles, https://www.DavidCBarnett.com
- Book a call with David and let him help you with your project, https://www.CallDavidBarnett.com
- Learn how to buy a successful and profitable business in a risk-controlled way https://www.BusinessBuyerAdvantage.com
- Get help selling your business, https://www.HowToSellMyOwnBusiness.com
- Get better organized in your business, https://www.EasySmallBizSystems.com
- Learn to make better cash flow forecasts and write incredibly effective business plans from scratch!, https://www.BizPlanSchool.com
- Learn to build an equity asset with insurance! visit https://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 https://www.EndMyMCA.com
...more
View all episodesView all episodes
Download on the App Store

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

  • 5
  • 5
  • 5
  • 5
  • 5

5

43 ratings


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

View all
The Side Hustle Show by Nick Loper of Side Hustle Nation | YAP Media

The Side Hustle Show

1,590 Listeners

Built to Sell Radio by John Warrillow

Built to Sell Radio

211 Listeners

The How of Business - How to start, run, grow and exit a small business. by Henry Lopez

The How of Business - How to start, run, grow and exit a small business.

507 Listeners

The Martell Method w/ Dan Martell by Dan Martell

The Martell Method w/ Dan Martell

572 Listeners

The Game with Alex Hormozi by Alex Hormozi

The Game with Alex Hormozi

4,463 Listeners

POWERS by Chris Powers

POWERS

504 Listeners

My First Million by Hubspot Media

My First Million

2,656 Listeners

Acquisitions Anonymous - #1 for business buying, selling and operating by Bill D'Alessandro, Mills Snell, Heather Endresen, and Michael Girdley

Acquisitions Anonymous - #1 for business buying, selling and operating

246 Listeners

Acquiring Minds by Will Smith

Acquiring Minds

275 Listeners

The UpFlip Podcast by UpFlip

The UpFlip Podcast

251 Listeners

Action Academy | Millionaire Mentorship For Your Life & Business by Brian Luebben

Action Academy | Millionaire Mentorship For Your Life & Business

698 Listeners

The Money Mondays by Dan Fleyshman

The Money Mondays

463 Listeners

BigDeal by Codie Sanchez

BigDeal

920 Listeners

Proven Podcast by Charles Schwartz

Proven Podcast

301 Listeners

Think Big, Buy Small by Harvard Business School

Think Big, Buy Small

38 Listeners