1 day agoHow Biz Brokers can find better qualified buyersGetting a qualified buyer to respond to a listing requires some planning and facts that align… Carl is asking me for help in finding qualified buyers for his listings. What does a qualified buyer look like? Someone who can operate the business, likes the business, has money to buy the…Small Business1 min readSmall Business1 min read
Mar 22How do I know what the bank will lend me.Understanding how much a bank will lend….and why it really doesn’t matter. This week, a question about how much money you can borrow to buy a business. I don’t say how much. Instead, I show you the process on how to understand it and why even that doesn’t really matter…Entrepreneurship1 min readEntrepreneurship1 min read
Mar 15What is due diligence and how to do it.The investigation you know will likely FAIL! This week, I answer a question about how to do due diligence when buying a small business. I answer, then tell you why it likely won’t be a success and what smart buyers do about that. Watch here now: https://youtu.be/CaudTeAkWWQ Learn how…Small Business1 min readSmall Business1 min read
Mar 8How to buy a distressed businessBuying a distressed business. Is there a way to make this work? There might be, if you find just the right kind of distressed business or a seller who knows they’ll end up responsible for part of the debt. Watch here now: https://youtu.be/CaudTeAkWWQ If you’re a small business owner…Smb1 min readSmb1 min read
Mar 1Invest in a Small Business while NOT operating itInvest in a Small Business and limit your liability. Can you invest in a small business the way you can buy shares in Coca-Cola? Abdulla wants to learn how he and others can invest in a small business and not be personally liable for any bank loans. Let’s check out…Small Business1 min readSmall Business1 min read
Feb 22What ROI, ROE, ROCE etc. should I look for in a Small BusinessComparing Small Businesses by the numbers. I get a lot of questions from analytical folks who want to understand the best target numbers to look for when analyzing small businesses. Especially when comparing several opportunities. In this episode, I’ll give you the method I teach for determining which business to…Smb1 min readSmb1 min read
Feb 15David s Linkedin HacksDavid’s LinkedIn Hacks. A recent event showed me how many businesspeople are not online. So, why then should you spend time trying to build a network on LinkedIn? In this week’s video, I’ll explain how I benefit from LinkedIn and why the size of your network is paramount to success. …Smb1 min readSmb1 min read
Feb 8How big a business should I buyHow big a business should Luke buy? If he gathers all his money together, Luke says he can buy a business up to $10M. Should he? In this video, I lay out the considerations that you should be thinking about when you decide how big a business to pursue. Again…Business1 min readBusiness1 min read
Feb 1Avoiding Personal GuaranteesAvoiding personal guarantees on business loans? Can one avoid a personal guarantee on a business loan? I explore the ways in which I’ve seen them limited or avoided. But, it was a real head-scratcher to work on for sure… Watch here now: https://youtu.be/1XOhSrIB4co Want to sell a business and…Smb1 min readSmb1 min read
Jan 25Confusion over business value. Do I add the Equipment? Buy a Business SMBWhat is the formula for a business as a going concern? If you apply the method and get a result that seems intuitively wrong, what do you do? This week I get a question from Verasen who wonders about the result of a business value formula. We need to take…Smb1 min readSmb1 min read