Alan was watching my live interview about Minimalism with Aaron Clarey and sent in a question about outsourcing.

What if you outsourced absolutely everything? Would you still have a business to sell?

Learn the answer to this question and more in this week’s video: https://youtu.be/q9NoUwiGa6E

Learn how to buy an already-successful and profitable business even in the covid-recession of 2020 https://www.BusinessBuyerAdvantage.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


Broke Phil wants David’s career advice.

Phil was watching my interview with Carlos about no-money-down courses offered online and wanted to reach out about taking Dan Pena’s course.

Phil is out of work because of covid rules and thinks buying a business might be the solution to his troubles.

Do people really buy businesses to solve their problems?

I’ll explore this as well as give Phil some practical advice to start building a more solid financial foundation that might one day lead to business ownership.

Learn the answer to this question and more in this week’s video: https://youtu.be/nBoNclTg3nE

Find…


The difference between one truck and 500.

Dan was watching an old video of mine about valuing small businesses and posed a question about something Warren Buffet says.

Basically, Buffet doesn’t like EBITDA valuations because he doesn’t believe that little fairies will pay for the equipment and machinery used in a business.

But, as I teach in this week’s video… the depreciation figure you see on the paper is NOT the way to ward off the magic fairies…

Learn the answer to this question and more in this week’s video: https://youtu.be/_S2m1dieX6w

Learn how to be amazing at creating cash…


Kim Kardashian seeks David’s advice.

I received a message from Kim Kardashian on this old video from 2015.

What if instead of buying a business, you just want to buy the list?

How do you put a price on that?

Well, just like in pricing a business, it depends on the certainty of the cash flow under your stewardship.

As you get into riskier and riskier lists, ownership may not even make sense.

But, there is another way to profit from them.

Listen as I explain this thinking to Kim in this week’s video: https://youtu.be/nkqQBn6DZSE

Learn how to buy an already-successful and profitable business even in the covid-recession of 2020 https://www.BusinessBuyerAdvantage.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


Hey Mr. Broker, can you share your paycheque with me?

Sujit was watching my video about small business tax returns and financial statements and wanted to know if it would be reasonable to ask a business broker for a realtor-type deal…

Like 50% cash back on his commission!

There are important differences between what business brokers and realtors do.

Please don’t confuse them. Realtors should not be selling businesses as I explain in this oldie- https://youtu.be/s9HkiHiiEB0

Now, what about Sujit and his 50% discount… is that a doable thing?

Learn the answer to this question and more in this week’s…


What if the business owes more than its worth?

Arilyn wants to know about buying a business when the outstanding value of gift cards is more than the business is worth?

She left her comment while watching this old video about handling gift certificates in the sale of a business: https://youtu.be/hWm4ZQxWlEw

Is there a difference between buying a business that owes more to banks or vendors?

What makes gift certificate debt different?

Could it actually be a riskier type of debt than other forms?

Who controls the ‘amortization period’ of this debt to the public?

Learn the answer to this…


Keep employees by giving them shares?

Sebastien is in a highly technical field and is curious about the idea of letting employees invest along with him in order to keep them involved.

Great question.

A lot of entrepreneurs get excited about the idea of involving employees as part of the ownership only to discover later what some of the pitfalls might be.

There is a lot to be said about being the one and only supreme commander of your business.

Setting up the apparatus of a less-despotic system can create some grief AND force you to fly economy sometimes.

Watch and learn more here: https://youtu.be/pepAFmhVO-c

Learn how to buy an already-successful and profitable business even in the covid-recession of 2020 https://www.BusinessBuyerAdvantage.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


David wanted to know if the investors on TV’s Shark Tank get ‘diluted’ and Apostle wanted to know how to sell shares in his own business.

I answer question #1 and dig into the complexities of question #2 in this week’s video.

Spoiler… Yes, you can likely sell some shares to your mom without worrying too much.

Watch and learn more here: https://youtu.be/SLC0BoL-hOI

Learn how to make a cash flow forecast and business plan at https://www.BizPlanSchool.com

Learn how to buy an already-successful and profitable business even in the covid-recession of 2020 https://www.BusinessBuyerAdvantage.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


The gulf between big and small.

Allison wrote to ask about looking at future profits when analyzing a business to buy.

‘Theory,’ she says, ‘talks about reflecting the future.’

What on earth is she talking about?

Does it apply to the world of small businesses?

Watch and learn more here: https://youtu.be/PxTJlj6nC78

Learn how to buy an already-successful and profitable business even in the covid-recession of 2020 https://www.BusinessBuyerAdvantage.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


What you really need to know about small business tax returns.

Nick is looking to buy a business and wants to know if there is a checkbox on the tax return indicating if it’s good and profitable.

Well, it’s not so easy.

Firstly, the tax folks design the forms for their purposes.

Secondly, the information put into the form may not actually be relevant or correct.

This week I dive into small business financial reporting to uncover what can and cannot be trusted!

Watch and learn more here: https://youtu.be/6_v9wpSTI0Q

Learn how to buy an already-successful and profitable business even in the covid-recession of 2020 https://www.BusinessBuyerAdvantage.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

David Barnett

David C Barnett author, speaker, consultant and coach. I help you buy, sell & manage your business. Find out more at www.DavidCBarnett.com

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