Hey y’all- I currently own a bookkeeping firm (which consists of just me) that is netting me a couple hundred thousand a year. I’m also a realtor and will do about $70k this year with that business.
I’m considering buying some sort of franchise or service based business like a flooring company (because of the real estate contacts I now have). Obviously I don’t know anything about these businesses but I feel like I could learn and expand pretty quickly. I just really feel like business ownership in some sort of trade is the way to go in order to expand my “portfolio”.
Am I crazy?
Acquire a strategic partner business to what you’ve already got in place. Hop on ChatGPT or Claude and ask for a list of strategic businesses to your real estate or CPA company and start with one of those types of companies. Education companies are fantastic. If you could do some type of profitable education company around real estate or CPA work, bingo.