I’m 30+ years into my business (i started at 12). It used to be niche and cool. Now it’s mass-market and filled with absolute shitty people. I’ve experienced it all, but I keep at it because I’m making great money.

I only kept at it this long because I thought I might pass this down to my kids, but I realized I don’t want them to feel the way I’m feeling now.

I’m planning a five year exit to transition into my other business.

If you are buying a $100k biz, you are buying yourself a job. If your goal is passive income, don’t buy a biz in this price range. Honestly better off investing in an index fund.

It depends upon your business and product. If I’m selling commodity goods, your approach is understandable. For my product and demo, I have to be a hard ass. Product is limited and highly desirable. I can pretty much pick and choose who I sell it to.