Business
Buying or selling an online business? In today's episode, we speak with David Barnett, a highly certified international business broker consultant that has had decades of experience in the corporate world and also as a business owner. David has also authored several books including the best-selling 'How To Sell Your Own Business'. Topics discussed during this podcast episode include; What you should know before buying or selling a business Why we typically start our own business rather than buying an existing one What type of online business is the most sought after by buyers and investors? And much more! You can play this podcast episode here: Your browser does not support the audio element. Websites referenced during the podcast: (Note: All links open in a new tab) DavidCBarnett.com BusinessBuyerAdvantage.com HowToSellMyOwnBusiness.com Here's a timeline of the topics discussed during the podcast: 0:00 - Short bio and intro 1:15 - David Barnett's growing up years, influences and early career 4:00 - First exposure to business broking 8:00 - Did you get your entrepreneurial nature from your parents or siblings? 11:05 - Is buying and selling an online business different from a brick and mortar business? 17:55 - Advice for those looking to buy an online business 19:00 - What do you need to have in place so that you can be ready to sell your online business? 20:45 - What type of online businesses are popular right now for those looking to buy or invest in a business? 24:20 - The short lifespan of online business stability 25:30 - Facebook Page Likes or an email list? 26:50 - The different between financial and strategic business buyers 28:35 - David Barnett's successful business broker consulting case studies 35:15 - Getting in touch with David Barnett 37:05 - Buying an online business is much better than starting one on your own 38:45 - David's theory on why we start our own business rather than buy an existing one Like this podcast? If you're enjoying the podcast, it's safe to assume there are others out there like you who would also enjoy the podcast. Help them find it! I've created a short video below that will show you how to quickly and easily rate and review the podcast in iTunes and/or Stitcher. Those people will appreciate it, and you'll feel great about yourself...