Anders wants to know if there are good deals to be had on distressed businesses?

We’re all familiar with scratch and dent sales.

Does that happen with businesses?

Is it possible to get a bargain or better financing when we’re willing to buy something with warts?

I explain in this…

This 18-year-old wants the best of both worlds, how can he get it?

Khush wants a career in computer science and own a business on the side with a manager.

What books and materials would I recommend today for him to learn?

None!

I explain in this week’s video… : https://youtu.be/ES4waXr2Yas

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

Everyone loves lists.

I list out my top 5 tips for buying a small business.

They have to do with planning, your gut, liquidity and more.

Check out Amazon for my book- 21 Stupid Things People do when Trying to Buy a Business to see the dumb things list.

Watch this week’s video here: https://youtu.be/NM0ZGZ2WXCk

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

Learn about my Business Buyer Adventure Group coaching program: https://www.BusinessBuyerAdventure.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

Jarryd Krause gives us the rundown on buying small passive income online businesses.

Notes from Jarryd…

Empire Flippers — https://empireflippers.com/
FeInternational — https://feinternational.com/
Investors Club — https://investors.club/
Quiet Light — https://quietlight.com/
Motion Invest — https://www.motioninvest.com/
Flippa — https://flippa.com/

Jaryd’s YouTube Channel — https://www.youtube.com/channel/UCQ3g6G2USlnq7EgnUsajTBw?sub_confirmation=1
Jaryd’s Due Diligence Framework — https://buyingonlinebusinesses.co/duediligenceframework

Tune in to the live premier or watch the replay here: https://youtu.be/BlMOO4F5epw

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

Learn to sell your business https://www.HowToSellMyOwnBusiness.com

Build a proper cash flow forecast for any business https://www.BizPlanSchool.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

Alexia wants to know about the warranties offered by sellers.

If someone lies and costs you money, you sue them right?

But what if the solution costs more than the problem?

This is the issue with representations and warranties when we talk about small business transactions.

In order to deal with potential lies and misdeeds on the part of sellers, we need two powerful tools that we can use in the even there is a problem.

Watch here: https://youtu.be/LStVgWOM2LI

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

Learn to sell your business https://www.HowToSellMyOwnBusiness.com

Build a proper cash flow forecast for any business https://www.BizPlanSchool.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

JT wants to know about losing a house to the bank

Can someone lose their house to the bank in a bad deal?

It’s not something that usually happens if you buy right.

What I’ve seen more of is people losing a house after their business becomes more successful.

There is risk in business, you need to offset this in your dealings outside the business.

Watch here: https://youtu.be/XNzqWU1e9NU

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

Build a proper cash flow forecast for any business https://www.BizPlanSchool.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 if the suppliers won’t give you the same trade terms?

Steve wants to know what happens when a business is sold as far as transferring over the name and all the accounts.

What about customers?

What about suppliers?

What if they won’t give you the same terms?

What if they don’t like you?!?

Watch here: https://youtu.be/UJjtGc4pTxA

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

Nobody likes to lose money, especially bankers.

Buyers are trying to do deals that mitigate risk.

Sellers want the most money possible.

How might a seller help a banker feel comfortable doing a loan?

It may come down to the terms and conditions of the seller note.

Watch here: https://youtu.be/e3mAqBhS0-c

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

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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