Appreciate the detailed breakdown! Could you help me with something unrelated: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?
@mdhughes7815 сағат бұрын
David, I am learning a lot from your discussions. Thanks
@DavidCBarnett9 сағат бұрын
Glad to hear it!
@thomassuerth7683Күн бұрын
Where is the original full length video for this?
@DavidCBarnettКүн бұрын
Hi @thomassuerth7683, here’s the link to the full video: "Getting a Job in a Business You Want to Buy" kzbin.info/www/bejne/pYWyk5WNjtmeopI.
@davidmuse6578Күн бұрын
Great work David as usual. Thanks!
@_Breakdown4 күн бұрын
Great video - - thank you for sharing 3:00 - - Start-up biz w no track record, only projections - can access debt💸 3:12 - - Gov’t guarantees - programs that allow people to start new businesses 3:25 - - if projections make sense - bank 🏦 will make loan 3:29 - - if biz doesn’t work out - the taxpayers will pay them back
@DavidCBarnettКүн бұрын
Yes.
@_Breakdown4 күн бұрын
8:41 - - taken advantage of from ignorance by unscrupulous types
@DavidCBarnettКүн бұрын
Business is a hard game sometimes. Not for everyone.
@NathinPollard5 күн бұрын
I work at at a small business 3 people work in it I know it can be more then what it is I want to see if the owner that works along side about buying apart of it . Would be cool to talk to some one with knowledge
@DavidCBarnett4 күн бұрын
You can book calls with me using the options at www.CallDavidBarnett.com
@Motionlines25 күн бұрын
These are great ideas! Thank you David.
@DavidCBarnett4 күн бұрын
Glad you like them!
@sg.k90086 күн бұрын
Well noted with thanks
@DavidCBarnett5 күн бұрын
Cheers
@jacobmuskal77556 күн бұрын
👍 👍
@DavidCBarnett6 күн бұрын
Thanks Jacob
@victor75306 күн бұрын
Thanks David. As you demonstrate, it's so important to keep an eye on the bottom line, what you pay and what you get for it.
@DavidCBarnett6 күн бұрын
Thanks Victor!
@heart_and_sole7 күн бұрын
Think video is mis-titled. Thought it was going to be about investing the upside, not about avoiding bad conduct. Better title: Don't mishandle cash flow in a business.
@DavidCBarnett6 күн бұрын
I see your point of view.
@k7979798 күн бұрын
As always. David has amazing ways to analyse deals…
@DavidCBarnett6 күн бұрын
Thanks K
@Noosa218 күн бұрын
In my case I live between two capital cities Sydney and Melbourne, so theres many advantages between the two locations and lots of deductability in travel etc.
@DavidCBarnett6 күн бұрын
Hopefully by train. Trains are the easiest form of travel to be productive in my opinion. Little security to deal with, show up just before departure and you can easily sit and use the computer or read.
@Noosa216 күн бұрын
@@DavidCBarnett these two capital cities are only one hour apart by jet airplane, the 3rd busiest fly path on the globe. Here in Australia. The cities are only a mere 700 kilometers apart.
@Adrb228 күн бұрын
Great episode. Love the format. Very sharp commentary considering the limited info provided. I would definitely consider hiring you if I decide to buy a business. Thanks and do more of this format.
@DavidCBarnett8 күн бұрын
Awesome, glad you enjoyed it. I thought it was fun too.
@GeorgeL-e1z8 күн бұрын
Great segment! As someone new to the ETA space, this exercise of analyzing business listings was both helpful and deeply humbling. Given your wealth of experience in the ETA space, your direct and/or indirect knowledge of these various industries enabled you to get to "no" faster or to understand the appropriate questions to ask in a follow up with the listing agent or owner. Perhaps my ability to analyze these deals will get much better when I start the process, but I'm pretty clueless at this stage.
@DavidCBarnett8 күн бұрын
George, the best way to start is to pick a specific industry, then you can learn about that industry via other sources outside ETA stuff. The ninja move is to get a job in that industry and see it from the inside... even part-time.
@timholler67938 күн бұрын
Nice jog. Thank you so much. Cheers
@DavidCBarnett8 күн бұрын
Thanks for the visit
@MrNiceGuyMEGA088 күн бұрын
Thanks for letting us be a fly on the wall!
@DavidCBarnett8 күн бұрын
Well, only because you're so nice.
@LionsCageLLC8 күн бұрын
Great show
@DavidCBarnett8 күн бұрын
Thanks, glad you enjoyed that.
@victor75308 күн бұрын
There's a lot of good and not so good businesses available out there and good advice is important.
@DavidCBarnett8 күн бұрын
True.
@victor75308 күн бұрын
Hello from Nottingham, UK. I have given you a like.
@DavidCBarnett8 күн бұрын
Thanks Victor
@Mister_Anarchist42010 күн бұрын
Bla bla bla this shit is probably a scam. Here's a nice little 👎 on your annoying advertisement video bud
@DavidCBarnett10 күн бұрын
That's awesome. Thank you.
@jawan816211 күн бұрын
Little too slow for me. I felt like I was in college listening to a boring college professor. But regardless you know your stuff. Thanks for the info.
@DavidCBarnett10 күн бұрын
That's the kindest thing anyone has said to me all day. Thanks man. This is the smart and thoughtful area of the internet over here.
@nuclearducks738711 күн бұрын
I got a scam trying to buy an aquarium thanks for the helpful video
@DavidCBarnett10 күн бұрын
Glad I could help
@MrNiceGuyMEGA0812 күн бұрын
Are there contracts on your website for seller financing? (When you talked about earnouts, im not sure that every real estate lawyer in my area would have that in tjeir contract.)
@DavidCBarnett10 күн бұрын
So, you do not want to buy a business with a lawyer who is a real estate lawyer. You need to buy a business with a lawyer who is an expert at small business acquisition deals. No, I don't have contracts on my website, I'm not a lawyer. My Business Buyer Advantage program has some blank offer documents you can use to make offers on businesses, but you'll need the right lawyer on your team eventually. Best to know who that is before you start.
@russellgray330313 күн бұрын
What a brilliant video! Great advice-simple, practical, and highly effective.
@DavidCBarnett10 күн бұрын
Thanks Russell
@elderlyhealthhub13 күн бұрын
Hey are you work with us? we can help you to grow your channel
@DavidCBarnett10 күн бұрын
No thanks
@victor753013 күн бұрын
Thanks David. It's so important to have the right advice in the process of buying or selling a business. This video is a valuable source.
@DavidCBarnett13 күн бұрын
Thanks Victor
@Hridoythetrader14 күн бұрын
Good
@DavidCBarnett13 күн бұрын
Thanks
@Hridoythetrader13 күн бұрын
@ Welcome. I know Idan sir. I am his virtual assistant and manage his social platform
@kenpaesbusinessbrokerrealt563615 күн бұрын
Great information!
@DavidCBarnett13 күн бұрын
Thanks Ken.
@tomaga585615 күн бұрын
Hi David. Great content. Ive been binging your stuff for a few days and scheduling meeting with vendors for sale. Question: you live in canada and talk mostly about the US. As a canadian i wonder if the services you offer are applicable for me or not. What about the course? Is it designed for canadians or americans?
@DavidCBarnett15 күн бұрын
Hi, It's for everyone. There is just one module specific to the SBA, the balance applies to anyone, anywhere.
@tomaga585614 күн бұрын
Watching your content daily for the last 10 days, I'm wondering if I will even find a good deal on the mainstream listings. How do I get access to the deal stream that has the good deals? I've built a business generating 5m rev per year at its peak with my partner in a niche that is now becoming saturated with sales down 70-80%, so I am looking to make the next move. Maybe buying a good operation is the way to go, but if I cannot access those deals then I would rather focus on evaluating publicly listed companies.
@edwardtattersfield303316 күн бұрын
Thanks for this. Very informative and a great antidote to all the get rich quick content out there.
@DavidCBarnett15 күн бұрын
Thanks Edward. Looks like you escaped the guru black hole of the internet. cheers.
@currentphonograph748718 күн бұрын
If A business has fiat money revenue, how do you receive proof of income
@DavidCBarnett17 күн бұрын
Bank deposits.
@corymcgrath301418 күн бұрын
Just withdrawl and take the hit on taxes
@DavidCBarnett18 күн бұрын
Easy peasy approach.
@DavincisMind18 күн бұрын
Great stuff. I just wish you finished up that evaluation of business with actual numbers. What would be value of business Jerry is buying and return on investment as well. Thank you for valuable content.
@DavidCBarnett18 күн бұрын
That would be great, but he never sent any in! Cheers
@accountantguy220 күн бұрын
Thanks for a great video, David! Have you done any videos where you talked about buying a business in Canada? I'm wondering how buyers finance deals without SBA to guarantee bank loans.
@DavidCBarnett18 күн бұрын
Lots. start with this one: kzbin.info/www/bejne/hqjEkHipp62fa5o
@danielmorgan82720 күн бұрын
That idea about using a life insurance product as insulating you if a business goes south is very helpful. Your content is really helpful, thanks!
@DavidCBarnett18 күн бұрын
Thanks Daniel.
@gangsta892920 күн бұрын
Great video, as always. One thing I think you do uniquely well is explain to the layman the value of renting. A lot of people view renting something as a last resort to get something you can’t afford. I think your approach to thinking about it makes a lot more sense.
@DavidCBarnett18 күн бұрын
Thanks. People always underestimate the value of what they get in renting. Renting an apartment for instance includes depreciation on appliances. People never consider that until they're forced to buy a fridge.
@FreshAirRainbow20 күн бұрын
🔥🔥
@DavidCBarnett18 күн бұрын
Thanks man
@dealquest21 күн бұрын
Good coverage of so much important information. Keep up the great videos, my friend!
@DavidCBarnett18 күн бұрын
Thanks Corey.
@mts59222 күн бұрын
Great information, Thanks
@DavidCBarnett18 күн бұрын
Thanks MTS.
@andreapereira201023 күн бұрын
Such a great explanation!
@DavidCBarnett22 күн бұрын
Thanks
@umpireumpire24 күн бұрын
Very good explanation. It saves time and makes it better for efforts .Thank you for explaining such simple things
@DavidCBarnett22 күн бұрын
You are welcome
@TheSoloEntrepreneurs24 күн бұрын
David, great videos, I've become a fan. I do work for small businesses implementing systems, improving their financials, reducing costs, etc. And I do have success doing that. One question, can you give an example where an operator or a business buyer will make more profit managing the EBITDA? meaning that, unlike improving the operations side of the business, he or shee will manage taxes, depreciation and amortization to improve this business? Thank you so much. Gabriel.
@DavidCBarnett22 күн бұрын
The only way a business can be 'improved' by managing EBITDA is if it's about to be sold to someone who is valuing it on that metric. Usually, this leads to short-term thinking. The same issues relate to just trying to maximize free cash flow...that leads to ignoring re-investment needs. The goal comes first... then the plan... then the strategies and tactics.
@TheSoloEntrepreneurs22 күн бұрын
@@DavidCBarnett Thank you David
@pjp80s24 күн бұрын
Great video! Exactly where I am right now… trying to buy a business after many years of working behind a desk for a large financial firm. I’m tired of the constant corporate BS… they treated me well, and payed me good money but after 25 years I too became just a number. I want to own my destiny, feel good about what I do, and build something tangible I can be proud of. And yes, there those really close to me who are extremely doubtful of my plan…. It’s now or never! We will see!
@DavidCBarnett22 күн бұрын
Most buyers I meet are trying to 'level up.' You seem to be right in that category. Good luck.
@pjp80s22 күн бұрын
Thank you… I’m in active negotiations with a seller who in my opinion wants too much for his business. I will try to schedule some time with you to discuss
@MomentumHarborTech26 күн бұрын
Such a practical and insightful video, David! Small business disaster preparation is often overlooked, but your advice really makes it approachable. Loved the real-life examples and actionable tips-especially the redundancy ideas. Thanks for always sharing valuable content!
@DavidCBarnett26 күн бұрын
Thanks MHT.
@UltimateAldean26 күн бұрын
And the sequel to this video is the businesses that actually fit the criteria because everything that was just listed is going to eliminate some people's expertise. Guess those people buying businesses lol
@DavidCBarnett26 күн бұрын
Every person is unique. These are just food for thought. Cheers.
@UltimateAldean27 күн бұрын
Hello, I've noticed brokers don't understand or know much about creative deal structure as well. Can you explain this gap? Why aren't brokers more informed? It seems like getting a license out of a gumball machine.
@DavidCBarnett26 күн бұрын
Well, there is no licensing in most places. In other places, business brokers need to have a real estate license to operate. There are a lot of blind people out there leading the blind.