
Episode 158 - David Barnett: The Hidden Truth About Buying Businesses - Avoid Emotional Pitfalls
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David Barnett unpacks the hidden truths behind buying small businesses, revealing why most listings are overpriced and how emotional attachment skews valuation. He also highlights the shift toward remote management and the skills needed to operate businesses virtually and effectively.
Key Takeaways:
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Direct outreach in your target industry is more effective than using broker sites.
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Buying a business requires managing people’s expectations and emotions.
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Remote business ownership is possible with the right systems and processes.
Resources:
David has been working with small businesses for over 20 years. He’s helped them grow, he’s helped entrepreneurs buy and sell them, he’s helped people finance them. David is the author of 8 books about small business transactions and local investing. He’s the host of a YouTube channel with hundreds of videos about buying, selling, financing and managing SMBs and can be found anytime at his blog site.
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www.DavidCBarnett.com
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