Forget Startups—Just Buy A Small accBusiness From A Retiring Entrepreneur

Droves of baby boomer business owners are starting to retire, and looking to hand off their life’s work. That spells opportunity.

Sure, you may want to found the next “Uber for [insert service here],” but that’s not the only entrepreneurial path you can walk. In fact, it may not even be the best one. Many aspiring entrepreneurs forget that they can become successful business owners simply by taking over an existing small business. And now couldn’t be a more opportune time to consider that option.

Why It’s Such A Good Time To Buy

Real money can be made from the “silver tsunami” of businesses about to be put up for sale by their baby boomer owners. Over the next 20 years, retiring business owners will sell or bequeath $10 trillion worth of assets, held in more than 12 million privately owned businesses, according to the California Association of Business Brokers. More than 70% of those businesses will likely change hands, offering major opportunities for younger entrepreneurs. Read more…