What, besides the numbers, is important?

People buy a business for many reasons.

In this week’s video, I’ll challenge you to consider whether you’re qualified to run the business AND whether it will take you where you want to go.

Watch here: https://youtu.be/nV-h9tm1Gkk

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

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https://www.BusinessBuyerAdvantage.com

https://www.HowToSellMyOwnBusiness.com

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Landlord wants more, what does that mean for me?

Zafer says that his rent sometimes seems high, sometimes seems low.

How can you tell if it’s the right price?

What does it mean if local rents are going up?

What if you own and you are your own landlord?

Watch the video and I’ll tell you what I look for when analyzing a business’ expenses.

Watch: https://youtu.be/FVuvjpIBd60

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

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Original show notes:

------------------------------------------

Please give a very warm welcome to the show David Barnett.

Top 3 Amplifiers:

1. Defining a small business

2. Why buy a business over starting a new one

3. Common mistakes to look for when buying a business

To listen, find other episodes, access the show notes, and find out more go to www.amplifyto7figures.com.

Enter the giveaway here: https://amplifyto7figures.com/giveaway

Find this podcast on iTunes: https://go.amplifyccom.com/itunes

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

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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:

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HC2020#9 Mike lives in NC and wants to buy a business in California! Mike is a successful property developer and wants to get into something with a smoother cash flow. What does he need to do when he takes over the new business and how can he manage this thousands of miles away?

https://www.BusinessBuyerAdvantage.com

HC2020#8 Dee wants to get out of being a real estate agent and now wants to get into being a hotel owner! The problem is that she doesn’t have money to invest. How can she figure out a way to buy a hotel with no money during a pandemic?!?

HC2020#7 Eric has been diligent in buying houses and keeping them an income properties over the course of his military deployments. Now he wants to get into business and wanted my input into choosing his target industry and laying out a plan. We get into a big discussion regarding Net Normal Position in Working Capital. Lots to learn here. Watch on YouTube or listen on SoundCloud.

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.