Business Idea:
Specialize in unsexy, taboo businesses like funeral homes, ambulance services, or mortuary services.
Problem:
These essential services are often overlooked, but face less modern disruption, and have stable demand.
Solution:
Acquire and operate these high-margin, low competition businesses that serve vital needs with minimal innovation required.
Target Audience:
Local communities, government contracts, regional owners looking to sell.
Monetization:
Service fees, government contracts, and recurring customer arrangements.
Unique Selling Proposition (USP):
Operational simplicity, high entry barriers, and stable cash flow with less competition.
Launch Strategy:
Identify owners near retirement, verify licensing requirements, and purchase through creative financing or distressed sale tactics.
Watch the full My First Million Episode on Youtube:
How my college roommate bought a $3.4M Business For $200K