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Most people think buying a business is about financial engineering.
A new Acquisition Lab member once revealed something I'd never considered.
First, let's address the elephant in the room.
We've been sold 5 myths about entrepreneurship that keep smart people trapped in the startup casino.
Some people seem to be playing a completely different game when it comes to building wealth.
Most people don't see what's coming.
Solo founders often fail to scale beyond their personal bandwidth.
80% of startups fail within the first 5 years.
During COVID, the Fed lowered rates and printed stimulus checks.
Most people think buying businesses requires deep pockets.
12 million privately-held businesses are owned by Baby Boomers.
Most people think the risk-return relationship is fixed.
Everyone's chasing shortcuts to wealth these days.
Let me tell you why starting small is a terrible strategy.
Let me start by telling you where this all started.
$72.6 trillion will transfer between generations by 2046.
Let's start in 2003.
Having acquired and sold multiple businesses over the years, I've seen firsthand how private equity firms operate.
I've acquired 7 companies since 2006.
For decades, urban development followed a predictable pattern:
Every day, entrepreneurs hunt for "hidden gem" businesses.