493 – Building vs Buying a Small Business with David Barnett
The How of Business - How to start, run, grow and exit a small business.
Henry Lopez, Levante Business Group
4.7 • 522 Ratings
🗓️ 9 October 2023
⏱️ 52 minutes
🧾️ Download transcript
Summary
Building vs. Buying a small business - which option may be best for you? David Barnett is back on the show to share his expertise on buying and selling small businesses.
Show notes page: https://www.thehowofbusiness.com/493-david-barnett-build-vs-buy/
If you are thinking about investing in a small business, you essentially have two options: build your own business from scratch - including perhaps a franchise business - or buy an existing small business. David Barnett is an expert on the topic of buying and selling small businesses, and he is back on the show to share his knowledge and experience on the topic of Build vs. Buy.
David Barnett has been working with small businesses for over 20 years. He's helped them grow, he's helped entrepreneurs buy and sell them, and he's helped people finance them. David is the author of 7 books about small business transactions and local investing. He's the host of a YouTube channel with hundreds of videos about buying, selling, financing, and managing SMEs.
Henry Lopez is the host of The How of Business podcast – helping you start, run and grow your small business. The How of Business is a top-rated podcast for small business and entrepreneurs. Find the best podcast, resources and trusted service partners for small business owners and entrepreneurs at our website https://TheHowOfBusiness.com
Transcript
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| 0:00.0 | Welcome to the How of Business with your host, Henry Lopez, the podcast that helps you start, run, and grow your small business. And now here is your host. |
| 0:15.6 | This is Henry Lopez. Welcome to this episode of the How of Business. My guest and friend David Barnett is with us today. Welcome, David. |
| 0:24.3 | Hey, how's it going, Henry? Great to be back. Thank you. Welcome back. I'm doing well today. And thanks for taking the time to being back on the show. |
| 0:31.6 | So what we're going to focus on today is what we're entitling build versus buy. So if you're thinking about investing in a small business, |
| 0:38.3 | you essentially have two options. You know, you can build your own from scratch as I've done, |
| 0:42.8 | as David has done, including perhaps even a franchise, go build a new franchise location, |
| 0:47.7 | or you can buy an existing business. And that might include a franchise as well. So |
| 0:52.6 | those are basically our two options, |
| 0:54.8 | build our own with somebody's help perhaps or buy an existing business. And David Barnett is an |
| 1:00.5 | expert on the topic of buying and selling small businesses. That's what he does for a living |
| 1:05.2 | now, is provide that guidance, that education. And we'll talk more about that for those of you who may not know, David. |
| 1:12.3 | We're going to deep dive into this topic of build versus buy. |
| 1:17.3 | If you want to receive more information about the Howwood Business, including the show notes page for this episode, |
| 1:21.3 | and you're going to want to go there because we have a special download, special offer on a special guide that David is making available for my audience. |
| 1:28.9 | And if you want to continue to support the show, including joining my Patreon membership, |
| 1:34.5 | where you'll get discounts to my workshops and be able to join my monthly group coaching session. |
| 1:40.1 | Just visit the howab business.com. |
| 1:42.5 | Also, wherever you're listening to this episode, I encourage you to |
| 1:45.2 | subscribe so you don't miss any future episodes. Let me tell you briefly about David Barnett. David Barnett |
| 1:50.6 | has been working with small businesses for over 20 years. He's helped them grow. He's helped |
| 1:56.1 | entrepreneurs buy and sell them. And he's helped people finance them. David is the author of |
| 2:02.0 | over seven books about small business transactions and local investing. He's the host of a very |
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