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Donald Barrick Startups/Troubleshooting Expert; Business Sales

Ellicott City, Maryland

Is it better to buy a mature business, or start one from the ground up? How do you determine whether a startup is feasible, or whether an ongoing business has any life left in it? What is the research and planning process? How do you fund such a project? What are the organizational steps in achieving your goal? How long does it take? What are the pitfalls in each step? Who do you turn to for answers? Our experience is fully engaged throughout the US and beyond, and as an example, we have just finished a research project in Cuba. We can help you in answering each of these critical questions. Our goal is to cut to the quick and not waste anyone's time, money or effort.

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Business Development

Entrepreneurship

Start-ups

Small Business Coaching

Small Business

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Strategic Planning

Business Strategy

New Business Development

Mergers & Acquisitions

Member since September 2016

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TA

Great and unbiased feedback. Thank You

Source: Clarity Tayo Ademolu Sep 24, 2016

Business Development

Entrepreneurship

Start-ups

Small Business Coaching

Small Business

Acquisitions

Strategic Planning

Business Strategy

New Business Development

Mergers & Acquisitions

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Clarity

Donald Barrick

Ellicott City, Maryland

Is it better to buy a mature business, or start one from the ground up? How do you determine whether a startup is feasible, or whether an ongoing business has any life left in it? What is the research and planning process? How do you fund such a project? What are the organizational steps in achieving your goal? How long does it take? What are the pitfalls in each step? Who do you turn to for answers? Our experience is fully engaged throughout the US and beyond, and as an example, we have just finished a research project in Cuba. We can help you in answering each of these critical questions. Our goal is to cut to the quick and not waste anyone's time, money or effort.

$3.33/min

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1

1 Review

37 minutes
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Business Development Entrepreneurship Start-ups Small Business Coaching Small Business Acquisitions Strategic Planning Business Strategy New Business Development Mergers & Acquisitions

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Troubleshooting, Expanding, Starting, Selling, Buying and Financing a Business

With more than 40 years in Troubleshooting, Startups, Selling, Buying and Financing Businesses - all of which are really extensions of each other - we can help with an array of issues. Whether you are a Business Buyer, a Business Seller, or a Business Owner trying to increase value and profits, we can help. From small mom-and-pops, to divisions of FORTUNE 500 Companies, we have seen and done a lot! Let us share our expertise, with you.

Selling Your Business?

Business Owners, is now the time to sell your Business? If so, how can you prepare your Company for sale, particularly if you are in a difficult market? Is your business able to be financed? How much is it worth? With more than 40 years in Troubleshooting, Startups, Selling, Buying and Financing Businesses - all of which are really extensions of each other - we can help answer a variety of these issues.

Buying a Business?

To Buy or Not to Buy a Business...THAT Is the Question! One of the biggest questions for prospective Business Owners is whether it is better to Buy a mature Business, or Start one of their own? And what kind of business should you be in, anyway? How do you get it financed? Do you need a Business Plan? We can help you address all of these issues and more...

Starting a Business?

To Buy or Not to Buy a Business...THAT Is the Question! One of the biggest questions for prospective Business Owners is whether it is financially better to Buy a mature Business, or Start one of their own? And what kind of business should you be in, anyway? How do you get it financed? Do you need a Business Plan? We can help you address all of these issues and more...

Answers 3
Reviews 1

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Donald Barrick answered

How do you ask an expert consultant like yourselves for tips or guidance on an idea you have, without said consultant stealing said concept or idea?

A great concept is to trust no one! But it depends on your idea, as to what can be stolen and how to safeguard it. We are dealing with an extremely delicate situation right now, where we are selling the "concept", without giving away the technical details that would compromise the sensitive information. If your concept is that sensitive, I would get an attorney to provide you with a Non-Disclosure/Non-Compete Agreement for your consultant to sign, before sharing information with him/her. Contact us for further clarification, if you wish.

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Campaign Management

Social Media Marketing

Donald Barrick answered

How does one go about finding business brokers, specifically for selling a company?

As a Business Broker, the first thing you would want to do is to try to connect with others that may have used Brokers' services. Find out who is successful and who is responsive to your particular need. The biggest is not necessarily the best. Depending upon your particular Company, you could get lost, in a larger Brokerage. And depending upon the type of business you have, you may want to deal with the closest Broker you can find, rather than someone out of state. But again, that depends on the type of business you have and whether Buyers from outside of the area would be open to acquiring your Company, or may even be better for your type of operation.

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Selling

Start Ups

Brokers

Donald Barrick answered

How do VCs evaluate the business model of a startup?

VCs invest in startups with extreme rarity. Unless the business is already churning Revenue and preferably Profit, VCs are simply not interested. We deal with them on a regular basis, and their criterion is extremely tight. Startups can be difficult to pinpoint as to demand, price points and anticipated growth. They are far riskier than banking on mature operations that have patterns for much of these issues already in historical place and simply need capital to make they grow wider and faster. Startups suggest risk, and VCs are risk adverse - as are banks and other institutional lenders. The tools to use in dealing with investors of any kind for a startup tend to be based on market conditions from competitors and general industry research. Trade organizations are often great sources for this kind of data. Size of the market, growth patterns, industry forecasts, margins and profit percentages can frequently be found in these areas. And markets can change quickly and frequently, so monitoring these sources on an ongoing basis is crucial. We are doing two (2) research projects right now, and it is exciting and tedious, all in the same breath. If we can help, let us know.

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Venture Capital

Business Modeling

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Reviews

Great and unbiased feedback. Thank You

Tayo Ademolu Source: Clarity

Member since September 2016