David C Barnett SmallBiz & Deal Making SMB @DBarnettMoncton
I’ll teach you about buying, selling, financing and managing SMBs without lies , exaggerations or hype. I’ve been working in/with smallbiz since the ‘90s. DavidCBarnett.com Moncton, NB Joined February 2010-
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LIVE Andrew Cervenka- Establishing Corporate Credit x.com/i/broadcasts/1…
Lately, I've fielded a bunch of consulting calls about gift card issues in small businesses. Are gift cards an important revenue drive to your small business? What are your tricks to making these extra-profitable?
I'm speaking to many people who want to get into business but don't have much money. Buying a real and enduringly profitable business when you have less than $50,000 is not very likely. What other options are there for these people? Starting something new? What do you think?
How do you feel when you see Small Business training offered to you for FREE?
I did a deal where I sold a franchised coffee shop... The buyer had to pay a ‘franchise renewal and training fee’ of $35K. Guess what? When the buyer found this out from the franchisor, they promptly reduced their offer by $35K. ¬#Franchise Warnings amazon.com/shop/davidbarn…
FTC Ruling Prediction- Bad for #businessbrokerage owners. Many good brokers will be heading out on their own shortly. Industry will become even more fragmented. #SMB
If you're a business person who is caught in the Merchant Cash Advance trap, visit this site: EndMyMCA.com #MCA #debtworkout
. What’s your time worth? I put out a video a few weeks ago about how your time as a business owner changes over time. In that video, I told the story of a franchise pizza shop owner I once worked with. He used to go into his shop at 7:30am every day in order to chop veggies…
This is what you are paying for when your firm chooses to accept credit cards and their discount fees: 1.Reduced receivables 2.Reduced A/R management 3.Collection risks eliminated 4.Customer loyalty earned 5.Discounts averted ¬Credit Card Advantage amazon.com/shop/davidbarn…
But- what message does it send to sophisticated investors that your friend and family don’t believe in you?
But- what message does it send to sophisticated investors that your friend and family don’t believe in you?
Who says @AirCanada doesn’t have a sense of humour?
“The best-case scenario is that, as I reach old age, I will likely reduce my income and focus on asset growth. This will give me the benefits of government programs without the tax bill.” –Invest Local amazon.com/shop/davidbarn… #smb #SmallBiz #smallbusiness #investments
“What I notice a lot is that people will spend a great deal of time looking at the financials of the business they’re interested in without actually seeing if the company over or under performs its peers in the industry.” –21 Stupid Things
“How a broker loan works: 1. Buyer creates a loan agreement... 2. Broker gives a credit memo... 3. The buyer submits the credit memo to the seller... 4. The seller pays the broker with the credit memo... 5. The buyer begins making payments to the broker.” –Borrow from Biz Brokers
Good luck in finding deals is sometimes hard to spot becuase it's often dressed in overalls and looks like work.* See example below... *slightly butchered Henry Ford quote.
Good luck in finding deals is sometimes hard to spot becuase it's often dressed in overalls and looks like work.* See example below... *slightly butchered Henry Ford quote.
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1K Followers 2K Following Christian. Husband. Girl dad x2. Looking for a great #SMB to acquire for decades, not years. Angel investor. Alum: @UTexasMBA @Deloitte @UNTSocial@palminvesting If it’s a booth or two on each side, always across. But if it’s four sides, next to becomes an option.
@DBarnettMoncton this viking specifically
@DBarnettMoncton Gets people in the door - I consider it an advertising fee. -Lots of people get $20-$50 cards which doesn't cover the cost of a two person bill -We are mainly a manufacturer so getting more awareness on the brand is important -Lots of people buy bottles to go
@DBarnettMoncton We get a dozens of people a month asking for donations to their wedding socials (a Manitoba tradition of hosting a party to raise money for a wedding) and we offer 50% gift card matching. Ex. They pay $50 and receive a $100 card. Only 60%-70% are redeemed.
Today, our oldest son achieves the rank of Eagle Scout. It's the one thing you can do as a child that adults put on their resume. We are proud of you, @SethGirdley! -- This was my favorite moment of scouting: Seth and his brother competed in the Raingutter Regatta. They…
@BarbellFi $10k on lawyers? You’ve never been divorced.
Friday night drinks with @DBarnettMoncton
@danskelton1 My first thought as well, could this not be addressed with income-tested GST rebates?
@MarkMcGrathCFP Fiscal discipline from the government is whats needed to solve "the tax problem". Not higher taxes.
Best sales advice: “Don’t sell past the close” Said simpler: “When they are ready to buy, stop talking!”
@DBarnettMoncton Reminds me of a saying the SEAL’s have: “We’re not that good, everybody else just sucks”
@RandBusiness This should be a crowd funded RV that has a badge for every company that donated. It would be awesome to see logos from different companies all over the us. Drive it for a year or two then give it away to a needy family.
Does anyone have an RV they want to sell me so I can do the Rand Run full time? Or maybe connect me with an RV dealer/manufacturer who’d sponsor me? I’ll create awesome videos showing me living in it and promote it to my audience of wealthy business owners. Or if you want to…