Roadmap to Wealth: Real Estate

The Right Buyer for Your Business with David Barnett

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Finding a buyer for your business is tricky. To get the best deal, you must look for the right person in the business.

In today’s episode of the Roadmap to Wealth podcast, I will share with you another interesting interview with our guest, David Barnett. He will talk about the importance of having a broker in selling a business, what to do and what not when buying a business and a whole lot of advice in dealing with your trade amidst the pandemic.


Favorite Quote:

“The biggest piece of advice I could ever give is that you want to have always something in reserve, never put your last nickel into a deal. And sometimes those reserves, it should be in a form that others can't see.”

-David Barnett


What you'll learn from this episode:


  • The pros and cons of having a broker in selling a business
  • The impact of Corona pandemic to striving businesses
  • David's helpful recommendation when buying a business but with limited funds
  • The BEST guide on how to start a business
  • One major reason why people sell their business after a crisis
  • What are the warning signs you have to look for before buying a franchise
  • Advice to his 20-year-old self when it comes to having a business experience vs getting a college degree

    • Connect with David Barnett

    https://www.DavidCBarnett.com

    LinkedIn

    Tweeter


    Resources:

    1. Business Buyer Advantage Program
    2. Franchise Warnings
      3. ...more
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      Roadmap to Wealth: Real EstateBy Nifty Boss Community
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