Original show notes.. reposted with permission.

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On today's show, I talk with David Barnett, who is an expert in buying and selling business. I wanted to come at the conversation from the angle of buying a business as an income generating asset in retirement. He had a lot of wisdom to share. We cover:

How did David become an expert in buying and selling "main street" businesses?

Should you buy or sell a business in retirement?

Aligning your business venture to your interests

Why buying a business and being "hands-off" is an unrealistic expectation

Don't be fooled by the promise of buying an "absent-owner" business

There is a lot more to owning a self-serve car wash than just collecting quarters

What are the most important things to think about when buying a main street business

Why do you need to make a proper cash flow projection

Three components of the typical financing for main street business transactions

Red flags when buying a business

How Seller Financing can help foster a successful transition

The fragile nature of businesses

Does the goodwill of a business reside with the business or the owner?

Connect with David

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