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1 month ago
If you own a Boring Business doing at least 1 million dollars in revenue and want to take it to the next level, I wanna hear from you! Fill the application at h…
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Buying a business just because you can but have no knowledge of that business is a great way to give your money away.
He looks like Fred Armisen. He's not Fred Armisen is he?
Business is not a perfect prediction, and I think that is one of the risk factors, as you say in the beginning of the video can be a can be an f. He states that for franchises , but think about the sewer system one too. It's not bulletproof perfect.
What is the purpose of the "whoosh" sounds? For example, the ones at <a href="https://www.youtube.com/watch?v=R61Y0J3HTCY&t=94">1:34</a> and <a href="https://www.youtube.com/watch?v=R61Y0J3HTCY&t=356">5:56</a>. These sounds are intrusive and get in the way. Peace, out.
Just saw this video, felt like I was watching my own story play out five years ago. Back then, I lived paycheck to paycheck, rent due tomorrow meant skipping meals today. One bad trade could’ve erased everything I had saved for college or emergencies. But meeting the right mentor changed the game completely. He didn’t just teach me charts; he taught me patience, discipline, how to sleep through volatility, and even helped me buy my first rental property within 3 months of starting. Now? My kids have trust funds before they’re even born, and I still wake up excited about what’s next instead of dreading bills. If you're tired of running on a treadmill that never ends, this is your lifeline.
23 million $ a MONTH ?? (oh sure, just casually started with that statement, like its nothing)
i'd buy a business that keeps YouTubers like this dude away from giving advise.
laundromats = money laundering i have seen places with 50+ top brand machines, high rent, and almost no customers. By definition they are a cash business (coins). Ideal for small time drug dealers
Problem with A.I. accounting is its not accurate. I've worked in accounting (staff accountant) and my wife is a CPA. We both have had to deal with A.I. hallucinating numbers. Try explaining to clients, your boss or the I.R.S. that its A.I.'s fault.
$1.4 million views. Ka-ching! 🤑
Weed and cocaine have great profit margins but in some countries it's illegal to sell them !😮
<a href="https://www.youtube.com/watch?v=R61Y0J3HTCY&t=135">2:15</a> That sounds a lot like manufacturing air filters; one of the most commoditised consumer products on the planet
<a href="https://www.youtube.com/watch?v=R61Y0J3HTCY&t=110">1:50</a> Which is exactly why you do this channel. Being a motivational speaker - telling would be business owners just to get contracts from local businesses - pays a lot more handsomely than manufacturing air filters in the USA
Ironically, this playbook works only in an established economy with an existing base of profitable businesses, enforced regulations, reliable financial records, accessible acquisition financing <br>and customers able to pay.
$23000000 per month and I'll assume that's revenue as he says "makes" which is very ambiguous and no-one really says that in business. So let's say that's true, at an awful net 5% profit margin is $1150000 per month, yet he's doing a YouTube channel? Ask yourself would you?
If a business is doing well and profitable, and making good profits why would they sell
bookkeeping? seriously?
IT'S CALLED NET PROFIT... MY ACCOUNTANT CALCULATES IT IN A BLINK. REVENUE V.S PROFIT. WATCH UR BOTTOM LINE
IF you know what you’re doing. FFS.
Step 1, have a lot of money to be able to buy an existing business...l
So much knowledge that is fully accessible like this one
I’m glad I watched this video. I’ve been thinking of buying a laundromat because they get such glowing reviews. Maybe I should just stick to my rental properties.
Are you sure you are a businessman or a youtuber? Contrary to what many think, in reality, good business men are lousy business consultants or teachers and vise versa. As the saying goes, those who can do, do. Those who can not do, teach. Knowing is one thing, executing is totally different and usually when you have one, you miss the other. That is why there are business people, and there are business consultants. And there are youtubers.
And how does one find such companies for sale - and then how to do the due diligence? <br>Make videos answering these 2 questions and I'll happily subscribe. <br>Otherwise you're just stating the obvious
I haven’t heard someone talk so long, but say nothing since Obama was in office
Amway soap sales? Be a diamond !😀
Now the capitol investment companies are buying up all the small businesses, no tech skills, just sales
To expand on the fire protection. Fire extinguishers are required in every commercial building including apartment buildings. The extinguishers are required to be inspected annually and hydrostat check every few years. Buy an established company. Also fire alarm monitoring, inspection, testing and installations. Another separate business.
are you stupid? how tf do you buy anything that you do not have any profession in? and if you already have the profession just build it already. Stop wasting people's time dude.
It's simple:<br>You can make money by doing something people can't do or don't want to do ... and teh rest is down to your own knowledge, expertise and interests... you can make money selling paperclips if that is your niche ...
If you employ AI to do something the IRS can audit you for, you’d better keep your real accounts on the payroll to check every detail
<a href="https://www.youtube.com/watch?v=R61Y0J3HTCY&t=270">4:30</a> So, why did the Uber driver buy the Rivian?
🎉🎉🎉🎉
I used to broker businesses and we used to say we were commercial insurance company to get past the gatekeepers and the owner appreciated it so his employees did not know he was trying to to sell the business LOL
"how to make money" "buy a business that is already making money[do not ask why they are selling it] and keep making the money the way they make money: do no take in account the pricing for certifications, machinery and labour work. If you think is difficult, use an AI and it will do everything for you"<br><br>Warren Buffet
Your an amazing person
Omg - call me back! I need some businesses!! 😅
I HATE you AND your AI rendered video persona
Definitely taking notes on this
Cool
There's a lot of underrated business out here thanks.
This was a waste of my time. You have no helpful information. It sounds like a bunch of scams
How about funeral companies, everyday there is death for sure.
Insights
Ai make much more error than humans. Ai is absolutely not efficient.
23m a month… what’s LTM EBITDA?
Thanks for the knowledge and transparency!
The top tier is all compliance heavy physical work. Govt regulations on buisness actually creates jobs. Go figure
❤🎉🎉🎉🎉
thanks for the tips.
Let me just get the money out of my pocket to buy these
It’s easy to tell others what to do. Notice he is not doing any of these things. Go ahead and argue for him although you’re also poor. If you’re making a million dollars, you are not rich. You are working class
Great video! Really enjoyed your perspective on this
You have to have money to buy a business.
thank you!
“Hi I make 23 million a month. But here I am making YT videos…”
Re: Pallet recycling/rebuilding. Your picture said it all, mountains of scrap! While working as production manager at a local manufacturer a few years back, I was in charge of procuring pallets. We used both CHEP pallets (the blue ones) and so-called "grocery pallets" - lower grade "brown" pallets.<br><br>During this time a "new" supplier came to our town, from a nearby city with property located directly adjacent to Lake Michigan. The owner had received a sizable "incentive" from that city to vacate the property and relocate. He approached our town, "promising" good jobs, a clean operation, and of course improving the local economy. And, indeed, he found a location, bought it, and set up his facility. <br><br>After perhaps a year, we started buying pallets from his company. One day there was some sort of issue, I believe the delivery was not ready, and so I went there and spoke to the owner directly. As I had not been in that part of town in a while, driving up I was surprised because I saw several large piles of scrap pallets, much higher than the steel fencing surrounding the property. When I went in, speaking to him, he was unshaven, dressed in dirty jeans and a dirty T-shirt. He took me into the plant, showed me around, explaining to me that all of his equipment had not been set up yet, and that he still did not have a full staff. <br><br>As I myself was (and still am) a "working boss" I understood his dilemma very well, and continued to work with his company. But, after some time, the ongoing eyesore of the pallets had raised eyebrows with local officials, and it became headlines in the local news. And afterwards I always felt, this must be why the previous city wanted his company to relocate!!
This was really helpful, thanks for sharing so much wisdom and knowledge for free ❤.
The irony of telling everyone e-commerce brands are a terrible business while making 23 million a month from an ECOMMERCE BRAND BUSINESS
Let’s Collaborate on one of my projects.
Commercial Refrigeration good lucking finding qualified techs these days.
Could never own a Domino's. Wouldn't feel right making money off flavorless pizza.
Here for the comments about how this guy is a con artist/scammer. He looks like one for sure. We're all tired of the grift.
This is bull 💩 some of these need 4 years and certification
this advice actually changed how I think
All this advice is for people still living in 2010s. This is 2026. Get with the times or get left behind. Thanks anyway.
You tube and a peg board background 😎🏁 easy money baby
Thank you for sharing your wisdom.
<a href="https://www.youtube.com/watch?v=R61Y0J3HTCY&t=420">7:00</a> Breaking Bad <a href="UCkszU2WH9gy1mb0dV-11UJg/UvgfY_vqE92T29sPvqiAkAU"></a>
This is so depressing... I'm freaking out. If At-Will employment was gone, I'm pretty sure life would be so much better for everyone.
how do you sell a business
Wanna make money? just create a Youtube channel and talk about how you made millions in a day then make a pyramid a to S tier chart and bla bla bla about nothing for a couple of minutes and millions would watch it. It's been the go to for years. Sell online coaching about how to run a nothing business, give keynotes, merch, adsense and catching!!! go ask GaryVee, he's been doing it since the advent of Youtube.
Terrible advice on all fronts. HVAC and refrigeration is one of the most difficult trades to learn, and in most places you have to be certified and it takes a 4 yr apprenticeship. Almost all restaurants have food delivery through Sysco or GFS and multiple fridges, so if they break down they have capacity to move food or ask the supplier to help them - but what they actually do is call a tech who deals with it right away so food storage is just a dumb idea. The accounting practice AI systematization - couldn't be a dumber idea - small accounting firms have personal relationships with their customers who have no loyalty to the firm and will frequently follow the accountant if he changes the practice. When I go see Nick to do my taxes, I know him, and I trust him. I could care less where he worked. If he sold his company and was no longer involved, I am not a customer of the new company and they better not do anything with my information. I was only a client because I liked Nick. So the idea of now having something as important as my bookkeeping or taxes done by AI when the whole point was the relationship I had with Nick is what types like you do across the economy and ruin everything. Your endless desire to maximize your efficiency and profits end up killing businesses because I don't want to do self banking. I want to speak to a real person.
This is AI. That's not a human. AI videos are going to destroy the world.
Always thought the best business is the one that's still making money while you're asleep.
Easiest I’ve heard was someone bought a high street store because the owner was too told to operate it and that was it. They’ve had a conversation, because the buyer was actually looking to buy some groceries from it and one thing led to another
Most people watching have no money at all, but the script is good.
Local locksmith....Best game in town
I have a business, if you give me a million dollars i will sell it to you. just like that ;)
Those glasses are not magnified at all, it's just some dude who was like WEAR THESE IT MAKES YOU LOOK TEH SMART
Apparently businesses that hire out vending machines or own car parks do quite well, would be cool to see a video about that if you haven't done on already
This is actually a decent tutorial on how to invest in stocks too. Cash flow! Competition.
👏👏👏💃🏻💃🏻💃🏻💙🏴
What a joke. " buy a good already cash flowing business " or "just use AI" lol unreal genius
There's no bad business, new sucessfull businesses arise all the time beating old sucessfull ones, it's who makes the business that matters
Start a refrigeration repair business? Didn't you say an HVAC business you purchased in Florida failed? Owning and managing an HVAC biz is easily expendable to ref. repair = you already have skilled staff, why didn't you do that?
#1 business....a youtube channel with a lot of subs about starting/buying businesses
low subscriber count hmmmm
The MOMENT HE MENTIONED USING ARTIFICIAL INTELLIGENCE (AI) TO STREAMLINE ACCOUNTING BUSINESSES... THIS GUY JUST BECAME ANOTHER GURU PUSHING ANOTHER LAUNDROMAT BUSINESS. He doesn't know squat. His "friend" who says he's using AI to consolidate Accounting Practices is NOT telling the truth OR the whole story. Why? NO AI YET EXISTS TO ANALYZE G.A.A.P. Accounting regs & rules! None.
If owning a cinsultingnfirm withnlocal clients isnso good then why would someone bother to even sell it?
EVERY business is F-Tier unless you get a major breakout due to luck, many times. Margins are pitiful, otherwise everyone jumps on it - and when they do, they compete with each other to bring the margins down. For every "A-Tier" business out there, there is a desperate business owner wanting to sell it. This is the truth. This is why it's a numbers game. Year 1 fail rate for businesses is apprx 24%. This jumps to 50% within 5 years. Then it's 65.35% for 10+ years. This ONLY takes into account complete failures. It does NOT take into account struggling businesses, or businesses that just barely pay for their own operational expenses. If you take that in, it jumps to around 99%. You need serious Asymmetry and luck to breakout.
I'll Invest, Amen
The guy is telling that air filter is crao, but he is litterally sitting in front of aur filters wall. Really shaddy stuff.
Youre selling 23M dollars per month of air filters????
Private Equity has sucked up all the mom and pops in Fire Protection. The barrier to entry isn't that easy either, you need the proper licenses.
Let's buy all the local accounting practices, merge them all into our "optimized" system developed by AI, fire a bunch of people, overwork the ones that are left having to correct the hallucinations that the AI comes up with and double check all the work.<br>And of course, funnel the profits towards a single individual.<br>You sir are everything that is right with this economy and will definitely save us all! In no way does this sound like a problem or unsustainable 🎉
<a href="https://www.youtube.com/watch?v=R61Y0J3HTCY&t=570">9:30</a> It’s pretty rich saying nobody sees the value of buying bookkeeping businesses. All of Europe has been in a PE-funded buying frenzy for the last two years, and even that is following on the tail of US PE-companies going into accountancy firms (and in some cases even taking them public). I live in Norway and cover this extensively for the Nordics in a trade website, and even in our little country there has been literally hundreds of deals these past years.
I'm pretty sure you'd want to be a refrigeration technician to run a refrigeration business or did I miss something?
I have a honest question: do people who make millions a month think about starting a YouTube channel?
yes but you are then still reliant on someone else for your livelyhood, whats the difference
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