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David C. Barnett

đŸ‘€ Person
492 total appearances

Appearances Over Time

Podcast Appearances

Proven Podcast
DON’T BUY A Business, Unless


Here's the designer that we have on Upwork who did our ads for the last two years and would be happy to continue doing them for you. Like you need to show them this is how you run the business and it's not all in my head. Because if it's all in your head, that's freaky. The people are terrified that they're going to buy the business and then you're suddenly going to become uncooperative, right?

Proven Podcast
DON’T BUY A Business, Unless


Here's the designer that we have on Upwork who did our ads for the last two years and would be happy to continue doing them for you. Like you need to show them this is how you run the business and it's not all in my head. Because if it's all in your head, that's freaky. The people are terrified that they're going to buy the business and then you're suddenly going to become uncooperative, right?

Proven Podcast
DON’T BUY A Business, Unless


And so if they're worried you're going to become uncooperative, the way around that, this is what I tell buyers, is if you're worried about the seller, you need more seller financing. And, you know, all kinds of stuff is created online about how, oh, you know, I bought this business, I got an SBA loan with a seller note for 5 or 10%. That's bull.

Proven Podcast
DON’T BUY A Business, Unless


And so if they're worried you're going to become uncooperative, the way around that, this is what I tell buyers, is if you're worried about the seller, you need more seller financing. And, you know, all kinds of stuff is created online about how, oh, you know, I bought this business, I got an SBA loan with a seller note for 5 or 10%. That's bull.

Proven Podcast
DON’T BUY A Business, Unless


And so if they're worried you're going to become uncooperative, the way around that, this is what I tell buyers, is if you're worried about the seller, you need more seller financing. And, you know, all kinds of stuff is created online about how, oh, you know, I bought this business, I got an SBA loan with a seller note for 5 or 10%. That's bull.

Proven Podcast
DON’T BUY A Business, Unless


Like most of the time when you're doing a small business deal, you want a material amount of seller financing to make sure that the seller is engaged with you and has a reason to continue to support and offer advice and guidance to you. So like deals should be 25, 30, 40, 50% seller financing. And I see deals like that all the time and people don't believe me. But here's the thing.

Proven Podcast
DON’T BUY A Business, Unless


Like most of the time when you're doing a small business deal, you want a material amount of seller financing to make sure that the seller is engaged with you and has a reason to continue to support and offer advice and guidance to you. So like deals should be 25, 30, 40, 50% seller financing. And I see deals like that all the time and people don't believe me. But here's the thing.

Proven Podcast
DON’T BUY A Business, Unless


Like most of the time when you're doing a small business deal, you want a material amount of seller financing to make sure that the seller is engaged with you and has a reason to continue to support and offer advice and guidance to you. So like deals should be 25, 30, 40, 50% seller financing. And I see deals like that all the time and people don't believe me. But here's the thing.

Proven Podcast
DON’T BUY A Business, Unless


A lot of this content is driven by people who are involved in one way or another with deals that involve SBA financing. When you talk to people who are doing deals without SBA loans, you hear things like, I bought the business by giving 50% down and the seller carried the other 50%. Right. And that kind of deal happens all the time.

Proven Podcast
DON’T BUY A Business, Unless


A lot of this content is driven by people who are involved in one way or another with deals that involve SBA financing. When you talk to people who are doing deals without SBA loans, you hear things like, I bought the business by giving 50% down and the seller carried the other 50%. Right. And that kind of deal happens all the time.

Proven Podcast
DON’T BUY A Business, Unless


A lot of this content is driven by people who are involved in one way or another with deals that involve SBA financing. When you talk to people who are doing deals without SBA loans, you hear things like, I bought the business by giving 50% down and the seller carried the other 50%. Right. And that kind of deal happens all the time.

Proven Podcast
DON’T BUY A Business, Unless


And those sellers actually have a better note because there's no bank lien. It's just, you know, they can apply their own lien against the assets of the business and they're in first position. And this is something that, you know, sellers often don't think about. But you need to have conversations with your broker, your attorney, your accountant, etc., Verstehe das.

Proven Podcast
DON’T BUY A Business, Unless


And those sellers actually have a better note because there's no bank lien. It's just, you know, they can apply their own lien against the assets of the business and they're in first position. And this is something that, you know, sellers often don't think about. But you need to have conversations with your broker, your attorney, your accountant, etc., Verstehe das.

Proven Podcast
DON’T BUY A Business, Unless


And those sellers actually have a better note because there's no bank lien. It's just, you know, they can apply their own lien against the assets of the business and they're in first position. And this is something that, you know, sellers often don't think about. But you need to have conversations with your broker, your attorney, your accountant, etc., Verstehe das.

Proven Podcast
DON’T BUY A Business, Unless


Verkaufen eines GeschĂ€fts ist nicht wie das Verkaufen eines Hauses. Du wirst wahrscheinlich involviert sein in einem Art von multijĂ€hriger Art und Weise der Entwicklung dieses Verkaufs. Und ein großer Teil der Grund, warum jemand dein GeschĂ€ft kaufen will, ist, weil sie sehen können, dass du ihnen beibringen kannst, wie es funktioniert.

Proven Podcast
DON’T BUY A Business, Unless


Verkaufen eines GeschĂ€fts ist nicht wie das Verkaufen eines Hauses. Du wirst wahrscheinlich involviert sein in einem Art von multijĂ€hriger Art und Weise der Entwicklung dieses Verkaufs. Und ein großer Teil der Grund, warum jemand dein GeschĂ€ft kaufen will, ist, weil sie sehen können, dass du ihnen beibringen kannst, wie es funktioniert.

Proven Podcast
DON’T BUY A Business, Unless


Verkaufen eines GeschĂ€fts ist nicht wie das Verkaufen eines Hauses. Du wirst wahrscheinlich involviert sein in einem Art von multijĂ€hriger Art und Weise der Entwicklung dieses Verkaufs. Und ein großer Teil der Grund, warum jemand dein GeschĂ€ft kaufen will, ist, weil sie sehen können, dass du ihnen beibringen kannst, wie es funktioniert.

Proven Podcast
DON’T BUY A Business, Unless


Und dass du vorhanden und vorhanden sein wirst, zumindest fĂŒr einen Telefonruf, wenn etwas passiert und jemand deine Hinweise und Guidance braucht, weil sie wissen, dass du der Experte bist. Du hast es seit Jahren gemacht.

Proven Podcast
DON’T BUY A Business, Unless


Und dass du vorhanden und vorhanden sein wirst, zumindest fĂŒr einen Telefonruf, wenn etwas passiert und jemand deine Hinweise und Guidance braucht, weil sie wissen, dass du der Experte bist. Du hast es seit Jahren gemacht.

Proven Podcast
DON’T BUY A Business, Unless


Und dass du vorhanden und vorhanden sein wirst, zumindest fĂŒr einen Telefonruf, wenn etwas passiert und jemand deine Hinweise und Guidance braucht, weil sie wissen, dass du der Experte bist. Du hast es seit Jahren gemacht.