David Barnett – 21 Mistakes to Avoid When Buying a Business

<p><strong>BIO:</strong> David Barnett is the author of<em> 21 Stupid Things People Do When Trying To Buy a Business.</em> Presently he works as a private transaction advisor with people buying or selling a business.</p><p><strong>STORY: </strong>We get a preview of his book as he takes us through the top 5 stupid mistakes people make when buying a business.</p><p><strong>LEARNING:</strong> David shares a host of lessons for people trying to buy a business.</p><p>&nbsp;</p><p class="ql-align-center"><strong>“If something looks like a really good deal and you don’t know about that industry, ask yourself why isn’t somebody else in this industry picking up this company.”</strong></p><p class="ql-align-center">David Barnett</p><p>&nbsp;</p><h2><strong>Guest profile</strong></h2><p><a href="https://www.linkedin.com/in/davidbarnettmoncton/" rel="noopener noreferrer" target="_blank"><strong>David Barnett</strong></a> loves to say that it took him 10 years to un-learn what he was taught in business school. University had trained him to be a middle manager in big enterprises, and he was unprepared for the realities of small business.</p><p>After a career in advertising sales, David started several businesses, including a commercial debt brokerage. Helping to finance small and medium-sized businesses led to the field of business brokerage. Over several years, he sold dozens of businesses for others while also managing his own portfolio of income properties and starting his career as a local private investor.</p><p>David regularly consults with professionals and banks on business and asset values. Presently he works as a private transaction advisor with people around the world who are buying or selling a business. Find him at<a href="https://www.davidcbarnett.com/" rel="noopener noreferrer" target="_blank"> Davidcbarnett.com</a>.</p><h2><strong>Worst investment ever</strong></h2><p>In this episode, we will jump straight to the top five stupid mistakes that people make when buying a business, as explained in David’s book<a h