Join your host Giuseppe Grammatico with his guest, David Barnett. In this episode, David analyzes skills and experiences to discover what areas, industries, or types of businesses are suitable for someone. He provides actionable steps to list down all roles, responsibilities, and duties a person had and assess that to extrapolate the business that best suits them.
In this episode you will learn:
- Self-assessment to know the business that fits you
- Issues like risk adversity when an owner is not for the business
- What is changing in an industry amid the pandemic?
- Why small businesses have relatively low multiples
- How to know when markets are saturated
About David Barnett:
Barnett loves to say that it took him ten years to unlearn what he was taught in business school. Although university had trained him to be a middle-manager in big enterprises, he was totally unprepared for the realities of small business.
After a career in advertising sales, Barnett 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, Barnett sold dozens of businesses for others while also managing his portfolio of income properties and starting his career as a local private investor. Barnett 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.
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