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"Laundromat Business Success Rates: According to Laundrelux, laundromats have about a 94.8% success rate over a 5 year period."
"Laundromat Business Insights: Your employees end up being your machines." "Real Estate Wisdom: I think it was Andrew Carnegie that said, 90% of all millionaires become so through owning real estate."
"Profitability in Real Estate: More money has been made in real estate than almost all industrial investments combined."
"Benefits of Real Estate Investment: There's also great tax benefits to being a real estate investor only. And then there's the passive component and that you could just hire a property manager. There's no such thing as free money, with no work, but real estate prices are interesting if you're in the right cycle of the market."
"Real Estate Investment Opportunities: They have been one of the leading asset classes in real estate since 2008, and according to a few studies, 1 by Rhino Building, these resilient businesses have, like a 92% success rate."
"Advantages of Automations in Self Storage: All of this allows people to get in and out of their units without you. Then there's the value add component, a k adding things to the business to make it more valuable and efficient. It doesn't take a ton to make self storage pretty interesting. So the phone has allowed us to have no manager on-site needed in most ways."
"Success Rate of Driving Businesses: These businesses have a success rate about 76.4%, according to adviser Smith."
"Small Business Investment Wisdom: I always am looking for how can I make sure a deal can never bankrupt me? I don't ever wanna do a deal where if this one deal goes sideways especially in the beginning, I could wipe out the past 20 years of me investing and working, and neither do you."
"Exploring the Vending Machine Business: You start small, it's not gonna bankrupt you, you figure out how the business works, and then you slowly expand, and this business has more than a 90% almost success rate. There are a slew of $1,000,000,000 vending companies, which is interesting, also because it does show that you can scale this space. So when you combine the low failure rate, affordable start up cost, and simple operations of this business, I really like this starter business for people who wanna hustle."
"Senior Care Center Success: One, government subsidies, state subsidies, city subsidies that basically allow people to run senior care centers like this with some help from the government. 2 is, obviously, the demographics in the US are changing. There's a lot of older people, less young people, and they need more care."
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