Buy an existing local business (Entrepreneurship Through Acquisition)
Instead of starting from scratch, buy a small local business that is already profitable but may be struggling or the owner wants to exit. Post in local Facebook groups that you are looking to buy a business, use seller financing to minimize upfront capital, and look for 'sweaty startup' blue-collar businesses that could benefit from better management or technology upgrades.
Startup Budget
$5K – $50K
Difficulty
Intermediate
Business Type
Hybrid
Location
Urban
Time Commitment
Full-time
Revenue Potential
$5000-$20000/month
Skills Needed
Watch the Full Breakdown
Watch on YouTube — Chris Koerner
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