The boring business goldmine

When most people hear the word “entrepreneur,” they imagine flashy startups like Facebook or Tesla.

Or, they think of underdog businesses making their big break on Shark Tank.

But not many people consider the unsung heroes of the entrepreneurial world — the “boring businesses” like HVAC, electrical companies, and plumbers.

Essential businesses like these are part of what I call the “boring business goldmine.”

Because I believe that buying a boring business is one of the best ways right now for normal nine-to-five employees to make the leap into entrepreneurship.

A few quick stats for context:

The average failure rate of startups under five years old is a staggering 92%.

But, those numbers are almost exactly reversed when it comes to business acquisitions.

This is HUGE, and yet most people don’t know this.

If you buy an existing business that’s been around for more than five years, and has been profitable for at least the last three years...

Your odds of success (i.e, continuing to turn a profit) are over 93%!

That means if you’re dead-set on becoming an entrepreneur, you’ve got two options to choose from:

1. Start a business from scratch, work like crazy trying to keep the whole thing afloat, and cross your fingers hoping to turn a profit some time in the next five years.

Or...

2. Buy an existing business where you’re making money day one, ready to hit the ground running to scale that revenue from a solid foundation.

I know which one I’d choose.

In fact, number 2 was the exact strategy I used while I was still working at J.P. Morgan four years ago!

I saw that it was the most realistic choice if I wanted to escape from the corporate world and multiply my $100k/yr salary, fast.

But let’s get back to the boring business goldmine.

There’s historic $10 trillion wealth transfer happening right now called:

The Silver Tsunami.

75 million baby boomers, who own 1/3rd of all US businesses, are retiring over the next ten years.

They need to pass on their boring businesses, and some of them have been around (and turning a profit) for decades.

But, there are very few people looking to purchase them.

In fact, just by reading this email, you’re in the small percentage of people who even know about this opportunity right now.

So if you make six figures in your nine-to-five and have been thinking about becoming an entrepreneur…

But, you also want to avoid the outsized risks that come with running a startup...

Consider acquiring one of these profitable, boring businesses with the salary you already have.

If you’d like to learn how to do this for no (or very little) money out of pocket, or how to passively invest in an acquisition as a silent partner:

Fill out our 2-minute Investor Survey here, and tell us what kinds of deals you’re interested in.

Meantime, we’ll be back with more acquisition tips and strategies every Tuesday and Thursday!