The Right Buyer for Your Business with David Barnett
Roadmap to Wealth: Real Estate
English - June 30, 2020 16:00 - 32 minutes - 46.3 MB - ★★★★★ - 2 ratingsInvesting Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Finding a buyer for your business is tricky. To get the best deal, you must look for the right person in the business.
In today’s episode of the Roadmap to Wealth podcast, I will share with you another interesting interview with our guest, David Barnett. He will talk about the importance of having a broker in selling a business, what to do and what not when buying a business and a whole lot of advice in dealing with your trade amidst the pandemic.
Favorite Quote:
“The biggest piece of advice I could ever give is that you want to have always something in reserve, never put your last nickel into a deal. And sometimes those reserves, it should be in a form that others can't see.”
-David Barnett
What you'll learn from this episode:
The pros and cons of having a broker in selling a business
The impact of Corona pandemic to striving businesses
David's helpful recommendation when buying a business but with limited funds
The BEST guide on how to start a business
One major reason why people sell their business after a crisis
What are the warning signs you have to look for before buying a franchise
Advice to his 20-year-old self when it comes to having a business experience vs getting a college degree
Connect with David Barnett
Resources: