Codie SanchezFounder @ Contrarian Thinking

DON’T Miss This Opportunity

27 Oct 2024 · 1 min

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0:48

Codie Sanchez (speaker) warns viewers about a major small-business wealth transfer: she claims that over the next 10 years roughly $10 trillion in small-business assets will change hands because the average small-business owner is over 50 and many heirs are uninterested in taking over. Sanchez argues this creates an accessible buying opportunity for individuals (often preferred by sellers over corporate buyers), gives an anecdote about a laundromat she used to own as an example, and promotes her book Main Street Millionaire as a how-to resource.

Questions this video answers

$10 trillion

Over the next 10 years

The average small business owner is now over 50 years old

Main Street Millionaire

Codie Sanchez

Chapters

One of the biggest wealth transfers in our country's history is happening right now, but most people don't even know about it. Over the next 10 years we are going to see 10 trillion in small business assets change hands. And here's why you should care. The average small business owner is now over 50 years old and ready to retire. But here's the thing. Studies show that their kids by and large are no longer interested in taking over, which is where you come in. Most business owners would rather sell to someone they trust rather than a big corporation. But people think it is harder than it really is to buy a business. It could be as simple as walking into a local business like this laundromat that I used to own by the way, striking up a conversation and you might just leave with the keys to your future. So take a look around. The opportunity is out there today. You just have to take it. I talk about all of this and how to in my new book Main Street Millionaire. You can comment book if you want to check it out.