Hook
More breakout videos from this creator.
What's going on guys? I'm a 30 year old who just bought a blue collar business about 7 months ago and I'm going to be telling you guys exactly why I think buying a business is the smarter decision than starting one. According to the United States Small Business Administration, there are roughly 33 million small businesses in America and 50% of those are owned by people that are ages 50 to 88 years old. That's roughly 15 million small businesses and of those 15 million, 35% of those have been around and in business for over 10 years. Now you might be asking, what does that mean for us? Well that means 12 to 15 million businesses will have to make a decision in the next 10 to 20 years of either selling their business or closing it down and just giving up everything they've put their blood, sweat and tears into. Having businesses that have been around for over 10 years gives you proof of concept, gives you a client list and probably gives you a handful of employees that have been there for a while as well. This is a huge wealth building opportunity for anyone under the age of 50. I want to teach people exactly how I bought a business 7 months ago, but I need to know people are interested in that. So if you made it this far, leave a question in the comments and I'm going to pin that comment and answer it with a video.