About 75 million baby boomers own half of all small businesses in the U.S. and are retiring soon. Their kids don't want to take them over, creating a $10 trillion wealth transfer opportunity. But buying a small business isn't passive income, it requires real operational work and expertise.
There are 75 million baby boomers retiring in the next decade, and 50% of small businesses are owned by baby boomers, and their kids don't want to take them over because their kids want to be YouTube stars and nobody wants to, to go do the work in these small businesses. So there is a massive opportunity. There's a massive wealth transfer happening over the next 10 years. So first and foremost, I want to say that acquisition is one of the greatest wealth-generating opportunities. It is not easy, and it is not as easy as buying a laundromat, hiring an operator, and then riding off into the sunset and living in Hawaii while the laundromat pays your bills.
