David C. Barnett

Nun, sagen wir mal, du hättest wirklich gedacht, dass die Flut- und Feuerrestauration-Industrie die richtige für dich war und du wolltest ein Unternehmen in dieser Industrie kaufen und du hättest nie in dieser Industrie gewesen.

Mein Nummer eins Tipp für Leute, der oft von Leuten, die ich es gebe, übertragen wird, ist, wenn du eine Industrie lernen willst, der beste Weg, die Industrie zu lernen, ist, in der Industrie zu arbeiten. So go get a job as a salesperson or something. Absolutely. Or as an administrator in the office.

Mein Nummer eins Tipp für Leute, der oft von Leuten, die ich es gebe, übertragen wird, ist, wenn du eine Industrie lernen willst, der beste Weg, die Industrie zu lernen, ist, in der Industrie zu arbeiten. So go get a job as a salesperson or something. Absolutely. Or as an administrator in the office.

Mein Nummer eins Tipp für Leute, der oft von Leuten, die ich es gebe, übertragen wird, ist, wenn du eine Industrie lernen willst, der beste Weg, die Industrie zu lernen, ist, in der Industrie zu arbeiten. So go get a job as a salesperson or something. Absolutely. Or as an administrator in the office.

You don't have to work there long to understand what the business is like and what the good things and the bad things are. And so the other thing about that industry is that a lot of the time you're running a bank because you got to pay for

You don't have to work there long to understand what the business is like and what the good things and the bad things are. And so the other thing about that industry is that a lot of the time you're running a bank because you got to pay for

You don't have to work there long to understand what the business is like and what the good things and the bad things are. And so the other thing about that industry is that a lot of the time you're running a bank because you got to pay for

Materials and labor and all kinds of stuff and wait for a long time before you start to get checks from the customers ultimately who are the insurance companies. And there's a lot of businesses like that. And again, another problem that I run into is people who don't understand certain basic elements of business like operating capital, which I just alluded to.

Materials and labor and all kinds of stuff and wait for a long time before you start to get checks from the customers ultimately who are the insurance companies. And there's a lot of businesses like that. And again, another problem that I run into is people who don't understand certain basic elements of business like operating capital, which I just alluded to.

Materials and labor and all kinds of stuff and wait for a long time before you start to get checks from the customers ultimately who are the insurance companies. And there's a lot of businesses like that. And again, another problem that I run into is people who don't understand certain basic elements of business like operating capital, which I just alluded to.

And they'll look at a business's cash flow, they'll apply a certain multiplier to it, and they'll figure that's what the business is worth, not realizing... that that is what the value of the cash flow is. And the money you give to the seller is just part of your investment in a lot of these deals.

And they'll look at a business's cash flow, they'll apply a certain multiplier to it, and they'll figure that's what the business is worth, not realizing... that that is what the value of the cash flow is. And the money you give to the seller is just part of your investment in a lot of these deals.

And they'll look at a business's cash flow, they'll apply a certain multiplier to it, and they'll figure that's what the business is worth, not realizing... that that is what the value of the cash flow is. And the money you give to the seller is just part of your investment in a lot of these deals.

You also have to invest money in your own entity by providing sometimes operating capital, depending on how you structure the deal, whether it's a share purchase or an asset purchase or what have you. And so people will

You also have to invest money in your own entity by providing sometimes operating capital, depending on how you structure the deal, whether it's a share purchase or an asset purchase or what have you. And so people will

You also have to invest money in your own entity by providing sometimes operating capital, depending on how you structure the deal, whether it's a share purchase or an asset purchase or what have you. And so people will

essentially overpay for businesses all the time by the amount of operating capital they have to put into their own entity because they don't stop and look at it as an overall project and ask the important question, how much is being invested in total for this cash flow I'm acquiring? And I run into this as well with things like franchise resales, where the

essentially overpay for businesses all the time by the amount of operating capital they have to put into their own entity because they don't stop and look at it as an overall project and ask the important question, how much is being invested in total for this cash flow I'm acquiring? And I run into this as well with things like franchise resales, where the

essentially overpay for businesses all the time by the amount of operating capital they have to put into their own entity because they don't stop and look at it as an overall project and ask the important question, how much is being invested in total for this cash flow I'm acquiring? And I run into this as well with things like franchise resales, where the

The franchisor may require that certain things get done in the transaction. Like they may require that certain updates to the look and feel of a location are updated or there may be fees associated with the franchise transfer or the buyer may have to pay additional training fees and all this kind of stuff.