Get into Business 101 Ep 7 Due Diligence, Financing, Getting Investors

[@philipcouboura8103]

As always, so much value and down to earth advice in this video. Can't even believe this is shared for free. Thanks David for educating us on this journey.

[@DavidCBarnett]

My pleasure!

[@victor7530]

Thanks David. Good advice especially about asking if it makes sense. It's so important to take a step back and not get caught up in 'buyer fever'. Objectivity is a superpower!

[@DavidCBarnett]

True.

[@otfig896]

Dave, always with priceless information!

[@DavidCBarnett]

Cheers

[@funkybro29]

David, can you do a video on how Canadians or Non Americans structure deals without the access to an SBA loan like they have in the US? A lot of the research on deals are usually done in the States where you have access to the SBA loan

[@DavidCBarnett]

Good idea. I'm putting it on the list.

[@aarongiggers66]

David, thank you for the invaluable content. A lot of gurus talk about the glamorous, businesses buying that "anyone can do". But, they never talk about the important things like you mention here. I always manage to pick up a few nuggets from your videos and "aha" moments. So thank you. One of the things you mentioned, financial due dilligence. Is it common practice to essentially look at a businesses bank deposits for numbers in addition to looking at the tax returns? I never thought of this before.

[@DavidCBarnett]

Of course. Financial statements are just numbers on paper. Tax returns are based on these. But the bank doesn't have any reason to make stuff up.

[@tigreytigrey8537]

Just messaging to help David with the algo.

[@DavidCBarnett]

I love that. Thanks.