21 Stupid Things People Do When Trying to Buy a Business
Learn How to Avoid These Awful Novice Mistakes
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Narrated by:
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David C. Barnett
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By:
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David Barnett
About this listen
Want to break free of the shackles of your employee life? Want to control your own destiny and set your own hours, priorities and life direction? Simple, become an entrepreneur and start a business!
Don't like the risk of starting and want to buy a successful business instead? Okay, just don't do these stupid mistakes that I see novice business buyers make over and over and over again.
Every day thousands of really awful businesses go up for sale, and thousands of good businesses go up for sale with outrageously inflated asking prices. Many of these businesses will sell to people who simply have no idea what they're getting into and don't know how to get the right guidance or advice. Invest some time and learn from the mistakes that I've observed through my years as a business broker and private sale transaction adviser. You really can learn from other peoples' mistakes and make yourself a better deal; or know when to go home and leave your money in the bank.
©2016 David C. Barnett (P)2017 David C. BarnettListeners also enjoyed...
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How to Day Trade for a Living
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Very few careers can offer you the freedom, flexibility, and income that day trading does. As a day trader, you can live and work anywhere in the world. You can decide when to work and when not to work. You only answer to yourself. That is the life of the successful day trader. Many people aspire to it, but very few succeed. In the audiobook, I describe the fundamentals of day trading, explain how day trading is different from other styles of trading and investment, and elaborate on important trading strategies that many traders use every day.
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Its a sales pitch
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The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime
- By: MJ DeMarco
- Narrated by: MJ DeMarco
- Length: 12 hrs and 46 mins
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Since you were old enough to hold a job, you've been hoodwinked to believe that wealth can be created by blindly trusting in the uncontrollable and unpredictable markets: the housing market, the stock market, and the job market. I call this soul-sucking, dream-stealing dogma "The Slowlane" - an impotent financial gamble that dubiously promises wealth in a wheelchair. For those who don't want a lifetime subscription to "settle-for-less", there is an alternative.
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Excellent!
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By: MJ DeMarco
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Los secretos de la mente millonaria (Narración en Castellano) [Secrets of the Millionaire Mind]
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- By: T. Harv Eker
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- Unabridged
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El autor estaba en bancarrota, en solo dos años y medio se convirtió en millonario y construyó una de las más grandes firmas de consultoría para el éxito. Con sus enseñanzas ha tocado la vida de millones de personas. Este audiolibro te enseña a observar como piensas. Es un reto a tus ideas que te limitan, a los razonamientos que no te apoyan y a tus acciones con respecto al dinero.
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El libro está bien, pero ES VERSION RESUMIDA
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The Little Book of Common Sense Investing
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The Little Book of Common Sense Investing is the classic guide to getting smart about the market. Legendary mutual fund pioneer John C. Bogle reveals his key to getting more out of investing: low-cost index funds. Bogle describes the simplest and most effective investment strategy for building wealth over the long term: buy and hold, at very low cost, a mutual fund that tracks a broad stock market Index such as the S&P 500.
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One star for every point this 5 hour book makes.
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The 1-Page Marketing Plan
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To build a successful business, you need to stop doing random acts of marketing and start following a reliable plan for rapid business growth. Traditionally, creating a marketing plan has been a difficult and time-consuming process, which is why it often doesn’t get done.
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You Need to buy Book to get key info
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The Most Important Thing
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Howard Marks, the chairman and cofounder of Oaktree Capital Management, is renowned for his insightful assessments of market opportunity and risk. After four decades spent ascending to the top of the investment management profession, he is today sought out by the world's leading value investors, and his client memos brim with insightful commentary and a time-tested, fundamental philosophy. The Most Important Thing explains the keys to successful investment and the pitfalls that can destroy capital or ruin a career.
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Five Star Book, two Star Audiobook
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The Wealth Mindset
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Taught by one of the great self-improvement teachers of the 20th century, The Wealth Mindset is an extraordinary guide on how to achieve success by transforming your mental attitude. Clear and provocative, this audiobook will reveal to you a fascinating new way to wealth.
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Excellent Read!
- By @larry on 11-21-16
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One Million Followers, Updated Edition
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In One Million Followers, Kane will teach you how to gain an authentic, dedicated, and diverse online following from scratch; create personal, unique, and valuable content that will engage your core audience; and build a multimedia brand through platforms like Facebook, Instagram, YouTube, Snapchat, and LinkedIn.
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A Very Poor Read
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Confessions of an Economic Hit Man (3rd Edition)
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The riveting third edition of this New York Times bestseller blows the whistle on China’s economic hit man (EHM) strategy, exposes corruption on an international scale, and offers much-needed solutions for curing the degenerative Death Economy. In this shocking exposé, former EHM John Perkins gives an insider view into the corrupt system that cheats and strong-arms countries around the globe out of trillions of dollars and ultimately causes staggering income inequality and ecological devastation.
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Global Power Unveiled
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The Price We Pay
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One in five Americans now has medical debt in collections and rising health care costs today threaten every small business in America. Dr Makary, one of the nation's leading health care experts, travels across America and details why health care has become a bubble. Drawing from on-the-ground stories, his research and his own experience, The Price We Pay paints a vivid picture of price-gouging, middlemen and a series of elusive money games in need of a serious shake-up.
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Very important book!
- By Wayne on 05-17-21
By: Marty Makary MD
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What listeners say about 21 Stupid Things People Do When Trying to Buy a Business
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- Erik Neuwirth
- 04-05-21
Short, Easy, and Impactful
This is a GREAT introduction to the topic. Lots of powerful nuggets every 2-3 minutes, enough to make you aware and then add to a checklist to do further digging.
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- Hugh
- 02-29-20
Buy copies for your acquisition targets!
Great info, and bang on. Having been through several acquisitions, and dozens of " potential" ones, I wish more buyers and sellers had common sense. This book will help both sides to become more enlightened.
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- Roger Glenn Duncan
- 03-28-21
Short but sweet
This is a short book but it packs a punch! I’ve done several acquisitions now and have pretty much learned most of this stuff through trial & error. Mostly error. But even with experience it’s useful to have common mistakes summarized in an accessible format. Recommended for anyone with any interest in small to mid-market business ownership.
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- Anonymous User
- 05-14-23
Super and concise
Short and to the point. I’d have loved more examples and how he did the math
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- Dan
- 07-21-20
Short and sweet..
Short and simple, straight to the point. No back stories or going around the bush. Please read this before buying a business.
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- T. King
- 08-27-22
Worth the listen!
Excellent, concise explanations with examples. Every concept is explained simply and clearly with example, both good and bad to support each point. If you are considering buying a business listen to or read this book.
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- 12345
- 03-22-22
Insightful
Great introduction to the topic of small business acquisition. That is 45 minutes of sound practical advice. Author takes Ten minutes at the end selling other products he has but that’s fine since it is a different chapter from the book itself.
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- Jordan Reece
- 06-22-22
Excellent Resource
As somebody currently in negotiations for a business this has given me a lot more to think about and concerns to bring forward. Thank you!
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- DB
- 05-26-18
Just What I Was Looking For.
Finally, someone who appears to shoot it straight. I will repeat this audiobook until absorption. I may buy the physical copy of the book as a companion to highlight text or take notes. Thank you David C. Barnett.
If you are thinking of buying this book and you are buying or aspire to buy a business, this book is a good start. It’s easy to do something stupid or careless because of lack of knowledge. So many people want to sell you on what you can do and avoid telling you of potential pitfalls, consequences, and things that would be unwise. This book gives you a heads up on actions you should avoid if you want to buy and own a business intelligently and dispels a few beliefs about being a business owner that people have probably picked up from those who didn’t know better, or who were unlearned and inexperienced. I will assume this book is good for experienced people as well. I don’t see why not. If you are a novice, this book is a must have. There is no question about that. It definitely surpasses the guys that just want to sell you a book just to build their own passive income.
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Performance
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Story
- Lauriloo
- 09-06-20
Excellent for Business Acquisition
This book is a great reminder that your business is an investment. How to value the money you put in, and get your invested capital back out of the business. He is a straight talker, which is great to ensure you frame the business acquisition in a way that will reduce buyer's remorse, and hopefully, set realistic expectations about the acquision and your life thereafter. This is a great audiobook particularly if you need to set your emotions aside and get into critical thinking mode. Your expectations that now may seem a "stretch" probably are not. This book teaches you that and gives you the basis to assertively ask more questions and demand more from your money.
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