About this episode

The episode discusses a costly business buying mistake made by an IT professional due to inadequate training and due diligence.

- Join David's email list so you never miss any new videos or important information or insights, RECEIVE 7 FREE GIFTS!!- https://www.DavidCBarnettList.com **** One bad business acquisition can cost far more than money. In this video, I share the real story of an IT professional who bought a franchise business without the right deal training, missed critical due diligence red flags, and ended up trapped in a failing business with a seller note he still has to repay. If you're thinking about buying a business, this story highlights why due diligence, deal structure, seller financing, and proper negotiation matter far more than simply finding a business for sale. **** Special Xero offer: Get 90% off for 6 months using this link: https://referrals.xero.com/DavidCBarnett_xero. Terms & Conditions apply.* See why I chose Xero for my business here: https://youtu.be/LfaGUfwStqo Find more content that answers your questions with my new AI BOT: https://www.davidcbarnettbot.com/ Do Business with David using these incredible internet links... - David's Blog where you can find hundreds of free videos and articles, https://www.DavidCBarnett.com - Book a call with David and let him help you with…

People in this episode

Host: David C Barnett

Topics covered

• business acquisition
• due diligence
• deal structure
• seller financing
• negotiation
• franchise business

Keywords

• business buying mistake
• due diligence
• franchise
• seller financing
• deal structure
• negotiation

Sponsors

Xero

Mentioned in this episode

Organizations: DavidCBarnettList.com, DavidCBarnett.com, CallDavidCBarnett.com, BusinessBuyerAdvantage.com, HowToSellMyOwnBusiness.com

Explore listener stats, chart rankings, contacts and more on the David C Barnett Small Business and Deal Making M&A SMB podcast page.