David C Barnett Small Business & Deal Making

Owning a small business is challenging, and selling it can be a complex process. Having someone with industry experience in your corner can make a huge difference. Joining us today is David Barnett, former finance broker turned business broker then consultant. As a finance broker, he witnessed firsthand the struggles small business owners encounter when buying or selling a business. Now through his consulting, he provides unbiased advice, prioritizing client needs without the conflicts of interest often associated with commission-based brokerage. Preparing Your Business for a Smooth Handoff: A Guide to Profitable Exits David emphasizes the value of strong business connections and highlights the critical factors in a successful business sale: robust cash flow and well-defined, transferable processes that enable a smooth transition for a new owner.

***New Video Alert! I made this video for business owners who want to sell one day. I also made it for buyers who deal with sellers who don’t understand that price and terms are two sides of a seesaw. So, check out the video and if you are a buyer who deals with an ornery seller who demands all cash, then maybe share it with them. Check it out right here: https://youtu.be/1PFDc0iI5Ss Cheers See you over on YouTube David C Barnett

Live Get out of the Truck! New Livestream guest- Idan Shpizear I’m happy to have Idan join me on a live broadcast. He’s the founder of Restoration 911, a franchise system in the flood/fire restoration industry. Tune in and as we’ll be discussing moving from being a hands-on owner/manager to becoming someone who can spend their time working ‘on’ the business. This is a ‘must see event’ for anyone who owns a business or will buy one. Especially if you fill a work role in the business or likely will when you buy. We’ll help you evolve. I promise. Learn about my program Build a Business That People will want to Buy at https://www.EasySmallBizSystems.com Find Idan on Linkedin here: https://www.linkedin.com/in/911restoration/ Web https://www.911restoration.com/

***New Video Alert! We all love the tax savings of depreciation. But what about a small business that owns no equipment? Does the fact that there is nothing to depreciate affect the value of the business? That’s what we explore this week. Check it out right here: https://youtu.be/otRV0SBzpR4 Cheers See you over on YouTube David C Barnett

Pricing Strategies to WIN in Business New Livestream guest- Belinda Rosenblum, CPA I’m happy to have Belinda join me on a live broadcast. Belinda is a pricing and money strategist for entrepreneurs. Tune in and discover game-changing strategies to price your products and services for maximum profit and growth. Whether you're a small business owner, freelancer, or aspiring entrepreneur, Belinda will share invaluable insights on how to overcome pricing challenges, boost your confidence, and increase your bottom line. Tune in on January 13th to learn how to align your pricing with your true value and transform your business's financial future. This is one conversation you can't afford to miss! This is a ‘must see event’ for you and your friends, please let them know! Be sure to join live so that you can ask questions, replay will be available. We’ll be going live Monday January 13, 2025 at 1PM Atlantic Time, 12 Noon Eastern Time See you there! David C Barnett Find Belinda on LinkedIn: https://www

***New Video Alert! Small business owners are busy. Who has time to create and implement a disaster recovery plan? This week, I’ll show you how to make one with very little time and effort and how you can help to rebuild the tourist economy of western North Carolina. Check it out right here: https://youtu.be/xt8yVRKWYIw Cheers See you over on YouTube David C Barnett

Moral alignment in employment? New Livestream guest- Andrew Crapuchettes I’m happy to have Andrew join me on a live broadcast. He’s got a long career in the corporate world and in hiring and employment. He has not liked what’s been going on out there and instead of complaining, he did something about it. Tune in and as we’ll be discussing the alignment of values between organizations and their employees. There are no public vs. private lives anymore. Or are there? This is a ‘must see event’ for anyone who needs to hire or might be looking for a new job in 2025. Find Andrew on Linkedin here: https://www.linkedin.com/in/acrapuchettes/ or his company here: https://www.redballoon.work/ For each new enrollment to Business Buyer Advantage: Online Training in January, I'll be donating $150 to the Rebuild Black Mountain initiative to help the small business tourist economy of Western North Carolina recover from the devastation of Hurricane Helene. Learn more here: https://www.rebuildblackmountain.org/

***New Video Alert! Happy New Year. Here are the biggest videos I made in 2024 and some that you may have missed. You’re here to learn, right? Check them out right here: https://youtu.be/T8IfxTXRhZY Cheers See you over on YouTube David C Barnett #businessbroker #bizbroker #businessbrokers #smallbusiness #mergersandacquisitions #smallbiz #education #dealmaking

It’s that time of year again. I hit the airwaves with my 5th annual Christmas Eve Special! This year, we’ve got all sorts of fun small business Elves stopping in to say hello. Mike Finger- Exit readiness coach and master of the ExitOasis.com blog site. https://exitoasis.com/ Rocky Lalvani- Fractional CFO to growing businesses everywhere and host of the Profit Answer Man podcast. https://profitcomesfirst.com/podcasts/ Neal Isaacs- Raleigh NC business broker and Host of the Raleigh Business Broker YouTube channel. https://www.ibba.org/insights/ Loren Feldman- Renowned small business journalist and host of the 21 Hats Podcast. https://21hats.com/podcasts/ Jaci Russo- Marketing Maven, Small Business Booster and Co-host of the ‘He said, she said small business marketing podcast. https://jacirusso.com/ Marc Mawhinney- Tarzan of the Coaching Jungle Facebook group and host of the Natural Born Coaches podcast. https://www.naturalborncoaches.com/ Cheers David C Barnett

***New Video Alert! Do you have a problem with your chart of accounts? If your financial statements are not a regular part of your management decision-making process, it’s probably because they don’t contain the information you need. The time to fix that is now, before you flip the calendar to 2025. I show you what to do in this week’s video… Watch right here: https://youtu.be/oUUwXx9riRI Cheers See you over on YouTube David C Barnett

Essential CRMs to help small businesses get SALES!! New Livestream guest- Jon Ferrara, CEO of Nimble I’m happy to have Jon join me on a live broadcast. He has decades of experience in sales, sales management and creating systems to make sales happen more effectively. Tune in and as we’ll be discussing what kinds of features you really need in a customer relationship management system (CRM) and what features are promoted as important, but nobody really uses. This is a ‘must see event’ for any business owner who lacks the insight into what’s happening with their sales efforts. Be sure to join live so that you can ask questions, replay will be available. We’ll be going live Monday December 16, 2024 at 1PM Atlantic Time and 12 Noon Eastern Time See you there! David C Barnett ---- Find Jon Ferrara online at https://www.linkedin.com/in/jonvferrara/ Website: https://www.nimble.com/

Landlord Issues When Buying Or Selling A Business by David C Barnett

What the heck is Ethical Franchising? Why does this term need to exist? New Livestream guest- Giuseppe Grammatico I’m happy to have Giuseppe back on the show to join me on a live broadcast. Giuseppe has been helping people choose the right new franchise opportunity for years. Tune in and as we’ll be discussing Ethical Franchising. What the heck is it? Why does such a term need to exist? What does unethical franchising look like? This is a ‘must see event’ for anyone who may consider getting into a franchised business. Find Giuseppe online at https://ggthefranchiseguide.com/ Find my interview with Megan about Beefaroos here: https://www.youtube.com/live/kYp3DqRNqyM?si=VvrRd8AGLK6Wrq6C P.S. don’t forget… I wrote a book on the dangers of the franchise business model. Franchise Warnings is available from my blog site and from Amazon stores worldwide. https://www.DCBBookList.com

New- 2nd Edition of '21 Stupid Things People Do When Trying to Buy a Business' New- 'David C Barnett's Small Business and Deal Making Glossary' Available from Amazon https://www.DCBBookList.com or in pdf at https://www.DavidCBarnett.com

***New Video Alert! The most common question I get… How much do I need. This week, I break it down and show you a rule of thumb I’ve shared with hundreds of clients over the years. Watch right here: https://youtu.be/RllPWOHB2yg Cheers See you over on YouTube David C Barnett #businessbroker #bizbroker #businessbrokers #smallbusiness #mergersandacquisitions #smallbiz #downpayment #investment #equity #equityinjection

***New Video Alert! How do most small business owners end up posting ads that don’t sell their business? They make the most common mistake that I see repeatedly. They don’t understand the difference between the selling price of a business and the value of its cash flow. In most cases, this is not the same number. Most business brokers are clueless about this. Watch right here: https://youtu.be/on4RmO0egMM Cheers See you over on YouTube David C Barnett #businessbroker #bizbroker #businessbrokers #smallbusiness #mergersandacquisitions #smallbiz #mistakes #fail #operatingcapital #capitalpeg #workingcapitaladjustment

***New Video Alert! Are you a business owner who plans to retire one day? Are you a financial or investment advisor? Watch and I’ll show you the Achilles Heel of your plans and how to make them better. Most business owners who can’t retire FAILED to spot this problem and their advisors were never informed enough to point it out. Watch right here: https://youtu.be/vNRvGircerk Cheers See you over on YouTube David C Barnett

Employee Ownership Trusts in Canada New Livestream guest- Jon Shell I’m happy to have Jon join me on a live broadcast. Jon built a PE-backed rollup in the veterinarian space and now is the Chair at Social Capital Partners, a Toronto-based organization with the goal of helping more employed people enjoy the benefits of business ownership. Tune in and as we’ll be discussing new rules in Canada regarding employee ownership trusts. This is a ‘must see event’ for people that might want to sell their company to employees. These new rules are based on concepts that have been available in the US and UK for quite some time and the conversation may also be interesting to viewers in those countries as well. Find the site Jon mentioned here: https://www.employee-ownership.ca/ Find Jon on Linkedin here: https://www.linkedin.com/in/jon-shell-8952491/ Find the video on leveraged buy outs here: https://youtu.be/UrBLOtRY0OI

Book your Holiday Chat call now: https://calendly.com/dbarnett/2023-holiday-chatsecretcode Learn about the Black Friday deals... - Join David's email list so you never miss any new videos or important information or insights, https://www.DavidCBarnettList.com

***New Video Alert! Can you buy a business that requires a license when you don’t have one? Maybe, depends on where you are. But there are pros and cons to these businesses and industries that people don’t quite understand until they’re in the industry. This week, we discuss whether it makes sense to chase a licensed business and if it’s worth the hassle. Watch right here: https://youtu.be/DP6gFIYcj48 Cheers See you over on YouTube David C Barnett