2min snip

My First Million cover image

Scott Galloway Tells All - $100M Net Worth, $4 Trillion Business Opp & Career Advice

My First Million

NOTE

Opportunities for Young Entrepreneurs in Small Business Acquisitions

If I were 25 again, I would be looking for opportunities in small businesses owned by retiring boomers. These businesses lack succession plans and have annual revenues between half a million and 10 million dollars. With a scrappy approach, I would aim to understand the business, find the owner, and propose a gradual buyout over five years with the owner's capital. This way, the owner can retire while I take over the business.

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