How to Buy a Local Business and Run It Remotely

A lot of people have this idea that if I buy a big enough business with big enough free cash flow, then I can just hire a manager to take care of it and I could run it remotely. So here's the problem because I'll see a business. If I bought it, I don't know the transmission business. And so I'm not able to look at the same series of tools and numbers that he is  and know what's going on in the business. People who pull this off successfully, what they do is they buy a business usually from an owner operator. They get into it full time and do a transition period where they learn how to be the owner manager.