Summary: <p>Finding a buyer for your business is tricky. To get the best deal, you must look for the right person in the business.</p> <p>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.</p> <p><br></p> <p><strong>Favorite Quote:</strong></p> <p>“<em>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.</em>”</p> <p><strong>-David Barnett</strong></p> <p><br></p> <p><strong>What you'll learn from this episode:</strong></p> <p><br></p> <ul> <li>The pros and cons of having a broker in selling a business<br> </li> <li>The impact of Corona pandemic to striving businesses<br> </li> <li>David's helpful recommendation when buying a business but with limited funds<br> </li> <li>The <strong>BEST</strong> guide on how to start a business<br> </li> <li>One major reason why people sell their business after a crisis<br> </li> <li>What are the warning signs you have to look for before buying a franchise<br> </li> <li>Advice to his 20-year-old self when it comes to having a business experience vs getting a college degree<br> </li> </ul> <p><strong>Connect with David Barnett</strong></p> <p><a href="https://www.investlocalbook.com/"><u><strong>https://www.DavidCBarnett.com</strong></u></a></p> <p><a href="https://www.linkedin.com/in/davidbarnettmoncton/"><u><strong>LinkedIn</strong></u></a></p> <p><a href="https://twitter.com/DBarnettMoncton"><u><strong>Tweeter</strong></u></a></p> <p><br></p> <p><strong>Resources:</strong></p> <ol> <li><a href="https://www.businessbuyeradvantage.com/"><u><strong>Business Buyer Advantage Program<br> </strong></u></a></li> <li><a href="https://www.amazon.com/Franchise-Warnings-What-really-before-ebook/dp/B00UA2TDYW"><u><strong>Franchise Warnings<br> </strong></u></a></li> </ol>
