First and foremost — wishing you a very Happy New Year and welcome to 2020!
Another year. Another decade, even.
I trust you enjoyed a great holiday season with your family and friends. Now what?
Are you in exactly the same situation as you were last year? If so, what are you going to do about it? You have 366 days (we’re in a leap year!) until I can ask you that question again.
Don’t let another year go by settling for what you have right now.
My mentor Tony Robbins says, “You get what you tolerate.” He’s right.
Don’t like your job? Change it. Better still… buy a cash-flow-generating business.
A business you love. A business you can add value to. A business that excites you. A business that can make you more money than you make today.
There are millions of them out there.
In 1991, the Andrea Gail fishing boat was lost at sea in the perfect storm. You may remember the movie of the same name memorializing the event.
That storm combined two very powerful forces. One of them was Hurricane Grace.
In January 2020, two very powerful forces will converge on the dealmaking market. It’s what I call the “Perfect Dealmaker Storm.”
Force one: Let’s call it “Hurricane Motivated Seller.”
This is the hundreds of thousands of small-business owners who will finally decide it’s time to exit their businesses.
Why January? The fun and joy of the festive season quickly fades away. It’s cold, dark, wet… and there are seven or eight months until summer vacation.
A lot of small-business owners just can’t face that. It makes them edgy. Anxious. Deeply unhappy.
These business owners have built legacies. Loyal employees. Loyal customers. Business names, brands and cultures that need to be cherished.
That’s where you come in…
Force two: “Hurricane Smart Dealmaker.”
According to Entrepreneur magazine and the Kauffman Startup Activity index, in January approximately 550,000 people in the U.S. will start a new business. In fact, around 550,000 people every month will start a new business, totalling 6.6 million across the entire year. And it’s increasing year over year.
I’m sorry to say I think that’s totally stupid! Batsh*t crazy, in fact.
Why on Earth would anyone start a new business when there are millions of existing, profitable businesses available to buy using little to none of your own personal capital?
This makes me angry. Why? Because 96% of startups fail.
Why waste your time, energy and money and put your health and family relationships at risk when the odds are so steeply stacked against you?
Be a smart dealmaker. Buy a profitable business that someone has built but no longer wants to own. He or she is done. Ready to retire or move on.
Take the reins. Build your own legacy and stay out of startup Russian roulette.
You know I’m right.
Let’s do this!
Until next time, bye for now.
Editor and co-founder, Dealmaker Wealth Society