If you're not collecting cash flow, you'll never really be rich.
There's a ton of boring businesses that practically print money.
But some are better than others.
These are the cash flow kings (8 examples):
There's a ton of boring businesses that practically print money.
But some are better than others.
These are the cash flow kings (8 examples):
1) ATM Routes.
Okay, it's almost as if these things actually do print money (literally).
I've seen someone do this:
- He put the machines on his credit card
- Filled them with his own money
- Eventually paid them off
Then?
Free and clear cash flow.
Okay, it's almost as if these things actually do print money (literally).
I've seen someone do this:
- He put the machines on his credit card
- Filled them with his own money
- Eventually paid them off
Then?
Free and clear cash flow.
2) Storage Facilities.
It's like real estate, but for things people don't have the space for.
3 benefits of self-storage:
1. Simplistic business model
2. Low staff requirements
3. Incredible cash flow
You really can't argue with this one.
It's like real estate, but for things people don't have the space for.
3 benefits of self-storage:
1. Simplistic business model
2. Low staff requirements
3. Incredible cash flow
You really can't argue with this one.
3) Accounting Firms.
CPA Firms will always have a soft spot in my small business portfolio.
Why?
They are recession-resistant.
They operate at 40%-55% margins.
They will always be a necessary service.
Plus you can buy one at 1x-1.5x annual revenue.
CPA Firms will always have a soft spot in my small business portfolio.
Why?
They are recession-resistant.
They operate at 40%-55% margins.
They will always be a necessary service.
Plus you can buy one at 1x-1.5x annual revenue.
4) Pool Cleaning Companies.
Down South where I live, pool cleaning companies might as well be essential.
I'm a big fan of them because you can tack on some extra services.
Few examples:
1. Pool equipment maintenance
2. Pool equipment repair
3. Pool cage cleaning
Down South where I live, pool cleaning companies might as well be essential.
I'm a big fan of them because you can tack on some extra services.
Few examples:
1. Pool equipment maintenance
2. Pool equipment repair
3. Pool cage cleaning
5) Parking Lots.
There are only 2 words that truly capture the essence of a parking lot acquisition.
Cash. Cow.
I mean, how much easier could it get?
Just doesn't get more boring but profitable than a parking lot, nothing beats it.
There are only 2 words that truly capture the essence of a parking lot acquisition.
Cash. Cow.
I mean, how much easier could it get?
Just doesn't get more boring but profitable than a parking lot, nothing beats it.
6) Portable Toilet Rentals.
What's that I smell?
Profit.
Think about this for a second:
- Outdoor gatherings
- Construction sites
- Concert venues
Every event you've ever attended needed someone to supply the Johns.
I rest my case.
What's that I smell?
Profit.
Think about this for a second:
- Outdoor gatherings
- Construction sites
- Concert venues
Every event you've ever attended needed someone to supply the Johns.
I rest my case.
7) Tent Rentals.
Can't stand the smell of supplying the Johns, you can bring the tents.
- Parties
- Weddings
- Music festivals
- Sports tournaments
Let's be honest.
No one wants to pitch a giant tent, they hire someone else to do it (for lots of money).
Can't stand the smell of supplying the Johns, you can bring the tents.
- Parties
- Weddings
- Music festivals
- Sports tournaments
Let's be honest.
No one wants to pitch a giant tent, they hire someone else to do it (for lots of money).
8) Ice Vending Machines.
I know a guy who operates a pretty successful vending machine business.
But if you do ice vending, guess who doesn't need to go buy snacks every week?
You π«΅πΌ
Literally all they do is dispense bagged ice.
I know a guy who operates a pretty successful vending machine business.
But if you do ice vending, guess who doesn't need to go buy snacks every week?
You π«΅πΌ
Literally all they do is dispense bagged ice.
So...
I told you these are the Crème de la crème.
If you had to choose one winner for "The Best Boring Business of All Time Award," which one are you crowning?
I told you these are the Crème de la crème.
If you had to choose one winner for "The Best Boring Business of All Time Award," which one are you crowning?
I appreciate you being here!
If you got something from this:
1. Follow me @benkellyone
2. RT to help a friend
If you got something from this:
1. Follow me @benkellyone
2. RT to help a friend
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