99: 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
🗓️ 3 April 2017
⏱️ 65 minutes
🧾️ Download transcript
Summary
Buying a small business, compared to building a business or investing in a franchise. David Barnett, an entrepreneur, author, and small business consultant is our guest. David shares his story of becoming his own boss, and tips & advice on buying a small business. "The purpose of a business is to support the lifestyle you want." When it comes to buying a business, "be prepared to act, but don't feel obligated."
This episode is hosted by Henry Lopez. The How of Business podcast focuses on helping you start, run, grow and exit your small business. The How of Business is a top-rated podcast for small business owners and entrepreneurs. Find the best podcast, small business coaching, 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 David Begin and Henry Lopez, the podcast that offers practical advice and tips on how to run and grow your small business. |
| 0:10.3 | The How of Business helps aspiring entrepreneurs and small business owners achieve their definition of success and overcome challenges that get in their way. |
| 0:18.6 | This podcast series focuses on the everyday common business issues, |
| 0:22.6 | challenges, and opportunities that face the small business owner. So here now are your hosts of the |
| 0:27.8 | How of Business, David and Henry. Welcome to this episode of The How of Business. This is |
| 0:36.2 | Henry Lopez, and my guest today is David Barnett. |
| 0:39.1 | David, welcome to the show. |
| 0:40.9 | Oh, thank you very much for inviting me, Harry. |
| 0:42.6 | It's great to be here. |
| 0:43.5 | We're glad to have you. |
| 0:44.9 | David is an entrepreneur, a small business author, a consultant, |
| 0:50.2 | a former real estate investor and mentor. |
| 0:54.0 | And he's an expert in the areas of buying, selling, financing, and planning for small |
| 0:59.0 | business growth. |
| 0:59.8 | We're going to be focusing on various of those topics in this episode. |
| 1:04.5 | After a successful sales career, which we'll get into a little bit, he started his first |
| 1:09.1 | business in 2005 and then sold that business in 2006. |
| 1:14.1 | He was also previously a business broker, so we'll chat about that. His latest book is entitled |
| 1:19.7 | How to Sell Your Own Business, and it became a bestseller under Amazon's entrepreneurship category |
| 1:26.5 | in its first month of release. |
| 1:29.7 | You can find all about his current business ventures at David C. Barnett.com and also |
| 1:35.8 | investlocalbook.com. And we'll have both of those links at the show notes page at the how |
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