107. Business broker, David Barnett, shares (3) key components a business must have in order to attract multiple buyers.
In the previous episode, Jason Forrest shared the fundamentals on how to be world class in business.
Over several years, David Barnett sold dozens of businesses for others while also managing his own 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 also works with entrepreneurs and would-be entrepreneurs around the world who are buying, selling or trying to improve their businesses.
It was when I realized the power of delegation. Not tasks, but responsibilities should be delegated to your subordinates.
Focus on "how can I make the most amount of money with minimal investments. The goal is positive cash flow".
What advice would your current self give your 25 year old self? Travel more!
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Business Book: "You're a Badass" by Jen Sincero