So, you need money to buy a business, just ask the seller to take payments.
The problem is that many buyers lack empathy in how they approach sellers.
Do you think any random stranger wants to lend you money to buy their business?
Let’s take a more measured approach to…
Clint Fiore lists out ways in which brokers overprice businesses. Isn’t a high price their job?
Not really, but you’ll have to stay to the end to find out what I think they should really be doing.
I cover this and more in this week’s video: https://youtu.be/Zet2HvYT1_o
This grocery store owner wants to know if it makes sense to go direct and import food.
The answer comes down to inventory turns and operating capital.
I cover this and more in this week’s video: https://youtu.be/7JyYzcZE68A
Learn how to buy an already-successful and profitable business even in the…
The IBBA has released their Q1 report on the market. What’s going on?
How long is due-diligence taking?
How many engagements are going sour?
How long to find a buyer and close?
How has this changed since 2020 and 2021.
I cover this and more in this week’s video: https://youtu.be/LzfDmKetafY
Chris sent me an email asking about whether fast-growing companies were extra-risky?
Well, it depends on where the growth comes from.
But, there is another risk in buying a fast-growing company.
The risk that if the deal doesn’t close quickly, the seller will second-guess the price and/or other factors.
I respond to some YouTubers who say that you need to have a cutthroat mindset to make it in business.
I disagree.
I think this attitude will sink your long-term prospects in business.
Except, if you operate under some specific circumstance.
Instead, I give you my thoughts on the kind…
Dave asks me via email if seasonal businesses sell for more or less and if the timing of the transaction is important.
They can sell for a different price, but it may surprise you how and why.
And Yes, people do usually want to buy them in the off season.
…
Brian says I inspired him to get started to buy a business. Was I pumping SME ownership too hard?
Of course, I start out with one about being lazy.
But there are many more problems that I’ve seen over the years.
Egos can be a problem, but so can altruism…
I write about Buying, Selling, Financing and Managing Small and Medium Sized Businesses SMEs www.DavidCBarnett.com New Stuff weekly, usually on Wednesday.
