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Growing 7-figure SMBs using bitcoin with Bobby Shell
The Bitcoin Frontier
Major Wealth Transfers: Bitcoin and Baby Boomer Business Ownership
Two major wealth transfers are currently underway - the widely discussed Bitcoin wealth transfer and the lesser-known transfer of baby boomer-owned businesses. As 10,000 baby boomers retire daily, they collectively own around seven to $10 trillion worth of businesses. 70% of these businesses are projected to remain unsold, presenting a significant opportunity for acquisition utilizing SBA loans and government incentives. With 99% of businesses being small businesses, the retiring boomers create a lucrative market for acquisition. The trend of business acquisitions, commonly pursued with an MBA, has become more accessible to the general public, thanks to online resources and experts like Cody Sanchez. This democratization of knowledge in business acquisitions coincides with the principled values often held by Bitcoin enthusiasts, who delve deep into understanding incentives and operations in the world. Small business owners, often the wealthiest in their communities, can achieve substantial financial gains by scaling and eventually selling their businesses. As private equity firms increasingly acquire quality assets, there is an opportunity for entrepreneurial individuals to navigate the overlap between holding Bitcoin and venturing into business ownership, emphasizing the importance of resources and networks for both Bitcoiners and aspiring business owners.
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