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Feb 16 - 17 Buy A Business #BossUp Virtual Conference

Avoiding 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 need to know more: https://www.HowToSellMyOwnBusiness.com 
Learn how to buy a business at https://www.BusinessBuyerAdvantage.com 
Book a call with me at https://www.CallDavidBarnett.com 
Join me on Twitter: https://www.twitter.com/dbarnettmoncton 
Books can be found in my Amazon store: https://www.amazon.com/shop/davidbarnett 
Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com   
Build an equity asset that is guaranteed to grow over time, never lose value and give you access to liquidity whenever you need it without having to qualify for credit- EVER. Learn more and sign up for a no-obligation consultation at https://www.NewBankingSolution.com

Avoiding Personal Guarantees

What 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 things back to basic principles in order to understand why the result is valid.
Watch here now: https://youtu.be/TcgEaNrn3I4 
Want to sell a business and need to know more: https://www.HowToSellMyOwnBusiness.com 
Learn how to buy a business at https://www.BusinessBuyerAdvantage.com 
Book a call with me at https://www.CallDavidBarnett.com 
Join me on Twitter: https://www.twitter.com/dbarnettmoncton 
Books can be found in my Amazon store: https://www.amazon.com/shop/davidbarnett 
Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com   
Build an equity asset that is guaranteed to grow over time, never lose value and give you access to liquidity whenever you need it without having to qualify for credit- EVER. Learn more and sign up for a no-obligation consultation at https://www.NewBankingSolution.com

Confusion over business value. Do I add the Equipment? Buy a Business SMB

Original show notes:

Well run businesses are fun to own and I don't care if you want to sell your business a sellable business is just fun to manage. For one, it's profitable. Second it doesn't require you to put out fires every day and you get to take a vacation!
 
That's our goal for you!
Hi, I'm the Profit Answer Man Rocky Lalvani!

I help small business owners simplify their financial reports to make more informed business decisions with fewer hassles. We utilize the Profit First system created by Mike Michalowicz

Sign up to be notified when the next cohort of the Profit First Experience Course is available!

Schedule your free, no-obligation intro call: https://bookme.name/rockyl/lite/intro-appointment-15-minutes

More about making profitability simple: http://profitcomesfirst.com/

Questions: questions@profitanswerman.com

Email: rocky@profitcomesfirst.com

Bio: David Barnett has been working with small and medium-sized businesses for over 20 years. He has helped entrepreneurs buy and sell them. He has helped them grow. He has helped people finance them. He is the host of a YouTube channel with hundreds of videos about buying, selling, financing and managing small and medium sized businesses and can be found anytime at his blog site

www.DavidCBarnett.com.


Profit Answer Man Facebook group: https://www.facebook.com/groups/profitanswerman/

My podcast about living a richer more meaningful life: http://richersoul.com/

First 2 chapters of Profit First: https://sendfox.com/rocky

This episode is part of the SMB Podcast Network. Find other great interviews from around the internet just like this one at
https://www.SMBPodcastNetwork.com

Music provided by Junan from Junan Podcast

Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.

Ep 147 Is Your Business Profitable Enough to Sell with David Barnett

In this video, I'm interviewing Aga Asbury, a business broker who can help small businesses get visas to work in the USA. Aga is an expert in the field of immigration and can help small businesses get visas for E-2 status, which is the most common visa for small businesses.

If you're interested in starting a business in the USA and need help getting started, be sure to watch this video! Aga will share with you everything you need to know about the E-2 visa process, from filing the paperwork to finding the right business broker. After watching this video, you'll have everything you need to start your business in the USA!
New Livestream guest- Aga Asbury, Senior Immigration Counsel at Ford Murray Law.  https://fordmurraylaw.com/

Learn tons about the E-2 Entrepreneur Treaty Visa.

I’m happy to have Aga join me on a live broadcast.
Aga made her way to the USA in her own immigration journey and is now an attorney specializing in helping people move to the States via entrepreneurship visas.
Tune in and as we’ll be discussing how you can use the various entrepreneurship visas to open or buy a business in America and legally move to the country.
This is a ‘must see event’ for global entrepreneurs who want to start the journey to living and operating a business in the USA.

David C Barnett

Thanks to our sponsors:

Mark Willis of Lake Growth Financial Services. Build an equity asset that is guaranteed to grow over time, never lose value and give you access to liquidity whenever you need it without having to qualify for credit- EVER. Learn more and sign up for a no-obligation consultation at https://www.NewBankingSolution.com 

Look good. Get a new shirt from Jeff Alpaugh Customs and save with this link: https://www.JeffAlpaugh.com/dcb10 

If you enjoyed this show and want more great small business content, head over to https://www.SMBPodcastNetwork.com and find more great shows and conversations.

LIVE - Aga Asbury- E-2 Visa -Small Biz Your Way To The USA!

No profit on paper, but is this still a deal? 
Cortez asks about a business that makes no profits but has a lot of valuable equipment.
Can the equipment allow the business to be financed?
Great question. Let’s dive in…
Watch here now: https://youtu.be/SUrw_kAHdgc 
Want to sell a business and need to know more: https://www.HowToSellMyOwnBusiness.com 
Learn how to buy a business at https://www.BusinessBuyerAdvantage.com 
Book a call with me at https://www.CallDavidBarnett.com 
Join me on Twitter: https://www.twitter.com/dbarnettmoncton 
Books can be found in my Amazon store: https://www.amazon.com/shop/davidbarnett 
Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com   
Build an equity asset that is guaranteed to grow over time, never lose value and give you access to liquidity whenever you need it without having to qualify for credit- EVER. Learn more and sign up for a no-obligation consultation at https://www.NewBankingSolution.com

What If It S Worth The Equipment

Thanks John for inviting me onto your show.

------Original Notes-----
David Barnett is a business brokerage expert who works with entrepreneurs worldwide to help them buy, sell, and organize their small and medium-sized businesses. He is also a speaker and educator. David is the author of several books including Invest Local: A Guide to Superior Investment Returns in Your Own Community, Credit Card Advantage: Understand the Costs and Benefits to Your Business, Franchise Warnings: What You Really Need to Know Before You Buy, and How to Sell My Own Business. 

In this episode of the Smart Business Revolution Podcast, John Corcoran is joined by David Barnett, an author and speaker, to discuss best practices for buying and selling businesses. They talk about how David started his business brokerage company, tips to structure a win-win business sale, and how creating online content helps build trust.

Smart Business Revolution Podcast- David Barnett | Business Brokerage Best Practices

An easier way to save on contracts.
New Livestream guest- Wesley E. Henderson
I’m happy to have Wesley join me on a live broadcast.
Wesley is an experienced small business lawyer from South Carolina who has worked on hundreds of buy/sell deals and is now also the co-founder of Drafted Legal.
Tune in and as we’ll be discussing contracts and paperwork for small businesses that they use with customers, suppliers and other parties.
This is a ‘must see event’ for anyone who wants a better understanding of why paperwork is important and how to put it together in a cost-effective way.
Be sure to join live so that you can ask questions, replay will be available.

Find Wesley's firm online at https://hhlawsc.com/
Drafted Legal is at https://draftedlegal.com/ use promo code 'David' to save on your order.
Wesley's email is wesley@hhlawsc.com


Thanks to our sponsors:
Mark Willis of Lake Growth Financial Services. Build an equity asset that is guaranteed to grow over time, never lose value and give you access to liquidity whenever you need it without having to qualify for credit- EVER. Learn more and sign up for a no-obligation consultation at https://www.NewBankingSolution.com 

Look good. Get a new shirt from Jeff Alpaugh Customs and save with this link: https://www.JeffAlpaugh.com/dcb10 

If you enjoyed this show and want more great small business content, head over to https://www.SMBPodcastNetwork.com and find more great shows and conversations.

Live - Wesley Henderson- An Easier Way To Save On Contracts.

Would I recommend financing 100% of the sale of this business?
A Twitter user is facing a question….
Should he sell his business to his 20-year employee and right hand man with 100% seller financing?
Does it make sense?
I asked him to book a consulting call and he didn’t. 
Here’s what it would have sounded like if he had…
Watch here now: https://youtu.be/WiwlM0deCvs 
Want to sell a business and need to know more: https://www.HowToSellMyOwnBusiness.com 
Learn how to buy a business at https://www.BusinessBuyerAdvantage.com 
Book a call with me at https://www.CallDavidBarnett.com 
Join me on Twitter: https://www.twitter.com/dbarnettmoncton 
Books can be found in my Amazon store: https://www.amazon.com/shop/davidbarnett 
Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com   
Build an equity asset that is guaranteed to grow over time, never lose value and give you access to liquidity whenever you need it without having to qualify for credit- EVER. Learn more and sign up for a no-obligation consultation at https://www.NewBankingSolution.com

Sell My Biz With 100 Percent Financing

New Livestream guest- John Jantsch
I’m happy to have John join me on a live broadcast.
John is the man behind Duct Tape Marketing. 
Have you heard of it? 
He’s written books, done speeches and taught about his special marketing framework.
Now, he licenses this intellectual property to consultants around the world!
Tune in and as we’ll be discussing small business marketing AND using licensing as a way to grow a business without the complications of franchising.
This is a ‘must see event’ for people who like marketing or are looking for ways to grow revenues from something smart they’ve put together.


Thanks to our sponsors:

Mark Willis of Lake Growth Financial Services. Build an equity asset that is guaranteed to grow over time, never lose value and give you access to liquidity whenever you need it without having to qualify for credit- EVER. Learn more and sign up for a no-obligation consultation at https://www.NewBankingSolution.com 

Look good. Get a new shirt from Jeff Alpaugh Customs and save with this link: https://www.JeffAlpaugh.com/dcb10 

If you enjoyed this show and want more great small business content, head over to https://www.SMBPodcastNetwork.com and find more great shows and conversations.

Live - John Jantsh- Duct Tape Marketing -Licensing An Empire!!!

New Livestream guest- Patrick Dichter of Appleseed Business Services.
I’m happy to have Patrick join me on a live broadcast.
Patrick  has successfully executed a search for a CPA/Bookkeeping firm without being a CPA!
He is now growing this company from being highly regional to a national service provider.
Tune in and as we’ll be discussing Search, tax planning, and some top tips to look out for when transitioning a business into your own ownership.
This is a ‘must see event’ for anyone who wants to buy a business or owns one now.

#BossUP Virtual Conference Registration: https://hopin.com/events/bossup-virtual-micro-m-a-conference 

Thanks to our sponsors:
Mark Willis of Lake Growth Financial Services. Build an equity asset that is guaranteed to grow over time, never lose value and give you access to liquidity whenever you need it without having to qualify for credit- EVER. Learn more and sign up for a no-obligation consultation at https://www.NewBankingSolution.com 

Look good. Get a new shirt from Jeff Alpaugh Customs and save with this link: https://www.JeffAlpaugh.com/dcb10 

If you enjoyed this show and want more great small business content, head over to https://www.SMBPodcastNetwork.com and find more great shows and conversations.

LIVE- Patrick Dichter- Buy A Professional Business Without Being In The Industry

Why is the sale of one kind of asset a secret while the other can be public?
Robert has been looking at businesses and investment properties.
He wants to know why business sellers ask for an NDA while building sellers do not.
Let’s examine the difference between these two different kinds of assets and the motivations and FEARS of their current owners.
Watch here now: https://youtu.be/qw3xwSuXI7w 
Learn how to buy a business at https://www.BusinessBuyerAdvantage.com 
Book a call with me at https://www.CallDavidBarnett.com 
Join me on Twitter: https://www.twitter.com/dbarnettmoncton 
Books can be found in my Amazon store: https://www.amazon.com/shop/davidbarnett 
Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com   
Build an equity asset that is guaranteed to grow over time, never lose value and give you access to liquidity whenever you need it without having to qualify for credit- EVER. Learn more and sign up for a no-obligation consultation at https://www.NewBankingSolution.com

Differences Between Real Estate Sellers And Business Sellers

It’s like an awards show for SMB videos…
It’s easy to say that popular videos are the most loved.
BUT are they the most instructional or important?
I don’t think so.
So, let me tell you which videos were the most-watched and then let you in on which ones I believe should have been more watched but weren’t in 2022.
Watch here now: https://youtu.be/E51_OJygPu0 
Here’s the playlist of the videos: https://youtube.com/playlist?list=PLqomziNDpylUfsBWwsyYGt5J_yjcPHqVr 
Or, listen to them all on Soundcloud: https://on.soundcloud.com/XMimG  
Learn how to buy a business at https://www.BusinessBuyerAdvantage.com 
Book a call with me at https://www.CallDavidBarnett.com 
Join me on Twitter: https://www.twitter.com/dbarnettmoncton 
Books can be found in my Amazon store: https://www.amazon.com/shop/davidbarnett 
Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com   
Build an equity asset that is guaranteed to grow over time, never lose value and give you access to liquidity whenever you need it without having to qualify for credit- EVER. Learn more and sign up for a no-obligation consultation at https://www.NewBankingSolution.com

2022 Favourite And Most Popular Video Roundup

My big gift to all of you.

Nothing celebrates the holidays like getting together with friends and family for a big meal or a party.

It’s in this spirit that I’ve decided to continue my tradition of doing a Christmas Eve live special.

I’ve invited some friends to come and talk about their experiences in 2022 and what we might expect for the year to come:

Mike Finger, a former business owner, business broker and consultant who helps business owners prepare their businesses for sale.  Mike is also the co-host of my new show Your Exit Squad. I’m sure we’ll be sharing some of the details of this program as season 1 is about to be released. https://www.ExitOasis.com  https://www.YourExitSquad.com

Giuseppe Grammatico, The Franchise Guide from New Jersey who has appeared on my show discussing franchise opportunities.  https://ggthefranchiseguide.com/

Rocky Lalvani, Host of the Richer Soul and Profit Answer Man podcasts. Rocky coaches entrepreneurs to implement the Profit First system in their businesses. https://profitcomesfirst.com/

Ted Leverette, The Original Business Buyer Advocate™ Ted’s been working with clients around the world to help them buy some impressive businesses. Maybe he’ll share some of their successes or one or two of his secrets with us this year.  https://partneroncall.com/

Henry Lopez, former car wash and suite salon owner and current co-working space and frozen yogurt shop owner will be visiting too.  Henry is also a business coach and the host of the How of Business Podcast.   https://www.thehowofbusiness.com/

Marc Mawhinney, Three-time business owner and business coach to coaches will be stopping in.  Marc is the host of the Natural Born Coaches Podcast. https://www.naturalborncoaches.com/

Mark Willis, from Lake Growth Financial. Mark is a channel sponsor and helps people secure his client’s  financial future with the Bank on Yourself system. https://www.NewBankingSolution.com

Finally, I’ve got Rick Nicholson who will be visiting near the end.  Rick has owned seven different food/coffee businesses over the years and is a Wizard of Ads partner with Roy H Williams’ Austin, TX based organization. He’s also appeared this past year as a live guest on the YouTube channel.  https://wizardofads.org/ 

As a live event, if you can join us during the broadcast, you’ll be able to post comments that I’ll be able to see and so it could be quite interactive for us.

Starting on the 24th, I’m going to be releasing this year’s Holiday Chat calls.

I’ll be sending out one each day to people on this email list only.

If you have a friend who should be on the list to get this information and those Holiday Chat calls, then send them to 
https://www.DavidCBarnettList.com 

Cheers and enjoy the holiday season.

David C Barnett


Show sponsors:
Build an equity asset that is guaranteed to grow over time, never lose value and give you access to liquidity whenever you need it without having to qualify for credit-

LIVE- David's 2022 Christmas Eve Special

Lee says I’m a party-pooper.
All my videos lately have been scaring him off from the idea of buying a business.
Is it true?
Do I have a bad attitude?
Or- Do I have more nefarious aims.
Reverse psychology? 
Maybe I’ve been replaced by a doppelganger?
Let’s explore the continuum from Conceptual to Pragmatic in today’s video.
Watch here now: https://youtu.be/XNIvERiUWHM 
Learn how to buy a business at https://www.BusinessBuyerAdvantage.com 
Book a call with me at https://www.CallDavidBarnett.com 
Join me on Twitter: https://www.twitter.com/dbarnettmoncton 
Books can be found in my Amazon store: https://www.amazon.com/shop/davidbarnett 
Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com   
Build an equity asset that is guaranteed to grow over time, never lose value and give you access to liquidity whenever you need it without having to qualify for credit- EVER. Learn more and sign up for a no-obligation consultation at https://www.NewBankingSolution.com

Talk Me Into Buying A Business

Your questions and more answered live and what's to come later this week on the channel.



Show sponsors:
Mark Willis of Lake Growth Financial Services. Learn how a Bank on Yourself style insurance policy can create a valuable and growing financial asset that can provide liquidity and options in business. Learn more by watching the videos at https://www.NewBankingSolution.com 

https://www.SMBPodcastNetwork.com Sign up and receive weekly emails with the internet's best new conversations about small and medium sized business.

LIVE - Christmas Updates & Questions- Do Biz Prices Go Down In A Recession

New Livestream guest- Chris Croner, Ph.D. from Chicago Illinois.
Learn more about the assessment tool at https://www.salesdrive.info
I’m happy to have Christopher Croner join me on a live broadcast.
Chris has had an incredible career studying the habits, desires, and success traits of the world’s best-performing sales professionals.
He’s the co-author of Never Hire a Bad Salesperson Again.
Tune in and as we’ll be discussing how to effectively sort through applicants and pick actual performers while not wasting time or effort on those who just don’t have the drive to deliver results.
This is a ‘must see event’ for anyone who hires salespeople or will want to own a business one day.
Hiring the wrong salesperson can waste months of time and tens of thousands of dollars.
This is particularly dangerous for small businesses or when you hire your first salesperson ever.

David C Barnett

Show sponsors:
Find Dr. Croner's book and more in David's Amazon Bookstore at https://www.Amazon.com/shop/davidbarnett

https://www.SMBPodcastNetwork.com Sign up and receive weekly emails with the internet's best new conversations about small and medium sized business.

LIVE - Hiring The Right Salesperson with Dr. Chris Croner

Just like nature, survival means adaptability….
Making and selling insulin is pretty recession-proof. 
But it’s not a business we can usually go out and buy.
So, if we’re limited to the world of small businesses, what kinds of things should we look for?
This week, we examine the characteristics of a business that can survive and I explain how I can teach you a way to give yourself an edge in buying during this time.
Watch here now: https://youtu.be/8wsY42FOAZ0 
Learn how to buy a business at https://www.BusinessBuyerAdvantage.com 
Book a call with me at https://www.CallDavidBarnett.com 
Join me on Twitter: https://www.twitter.com/dbarnettmoncton 
Books can be found in my Amazon store: https://www.amazon.com/shop/davidbarnett 
Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com   
Build an equity asset that is guaranteed to grow over time, never lose value and give you access to liquidity whenever you need it without having to qualify for credit- EVER. Learn more and sign up for a no-obligation consultation at https://www.NewBankingSolution.com

Recession Proof Businesses

That dentist is SOOooo Cool. Did you know he’s part owner of the hip craft brewery….
Yup.
Today we’re going to talk about how cool and sexy businesses can play by different rules.
In some cases, they don’t even have to be profitable to keep going.
Watch here now: https://youtu.be/RWcgFgS2cRw 
Learn how to buy a business at https://www.BusinessBuyerAdvantage.com 
Book a call with me at https://www.CallDavidBarnett.com 
Join me on Twitter: https://www.twitter.com/dbarnettmoncton 
Books can be found in my Amazon store: https://www.amazon.com/shop/davidbarnett 
Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com   
Build an equity asset that is guaranteed to grow over time, never lose value and give you access to liquidity whenever you need it without having to qualify for credit- EVER. Learn more and sign up for a no-obligation consultation at https://www.NewBankingSolution.com

Micro Breweries And Other Hipster Businesses

Ricardo asks some great questions about seller financing….
But part of his assumption is not correct.
It’s a mistake I’ve seen a lot of people make.
So, this week we’re going to address whether or not a seller financing note is part of your down payment or not.
Why not, and if it ever could be.
If it were, what would that look like?
I’ll tell you and you may be surprised that some sellers will accept it like this.
Watch here now: https://youtu.be/Q-SPUDecLqI 
Learn how to buy a business at https://www.BusinessBuyerAdvantage.com 
Book a call with me at https://www.CallDavidBarnett.com 
Join me on Twitter: https://www.twitter.com/dbarnettmoncton 
Books can be found in my Amazon store: https://www.amazon.com/shop/davidbarnett 
Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com   
Want to look dangerous like David? Jeff Alpaugh Customs has a special offer for you: https://www.JeffAlpaugh.com/DCB10

David C Barnett Small Business and Deal Making M&A SMB

David C Barnett Small Business and Deal Making M&A SMB

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