Fortunes being made just taking old economy businesses and using (mostly) cheap modern tech to expand their market reach and efficiency. Looking for these? The most fruitful targets are in industries dominated by Boomers with few young people working in them.
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I'm not quite sure I agree. I've seen these changes make 10%-20% topline improvements with similar cost reductions. That drops straight to the bottom line, which is big if the business is bought at say 4-5x EBITDA.
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Fair, that make sense. I think you get what I mean. This is a good way to make a fortune if you've already built your nest egg or whatever. Doesn't work for people in their mid twenties, perhaps late twenties if they crushed it in their careers.
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