Imagine going from working warehouse shifts to keep your family afloat to owning a portfolio of over 140 rental units and multiple laundromats. That’s Brandon Schlichter&#39;s real-life story, and it’s one you have to hear. He found a secret most online gurus miss: while everyone’s chasing the same digital dreams, real wealth is hiding in &#39;boring businesses&#39; with way less competition.In this chat with our host Ryan Atkinson, Brandon gets super specific on how he built his empire. He walks us through his playbook for buying a business, using creative finance, and setting up brilliant business scaling systems so he only works a few hours a week. If you&#39;re looking for a realistic path to passive income, finding business ideas, and achieving genuine financial freedom, this episode is a total game-changer. It’s your sign to stop scrolling and start building something real.Takeaways:- True wealth is often built in "boring businesses" like laundromats and car washes, which are overlooked because they seem like hard work. - The primary advantage of boring businesses is low competition; it&#39;s better to compete with five local owners than one billion people online. - A single, well-placed laundromat can generate significant income, potentially over $175,000 in net profit per year.- These businesses are not passive initially. They require significant front-loaded work to establish robust systems and processes before they can run with minimal effort.- To vet a laundromat location, look for a geographic area with around 7,500 people and a renter population of at least 35%, as customers rarely travel more than a mile.- Calculate the long-term value of your time. A task that seems menial is worth it if the business&#39;s 10-year opportunity averages out to $1,500+ per hour.- Many aging small business owners haven&#39;t updated their processes in decades, creating a massive opportunity for new buyers to modernize and drastically increase profits.- To learn an industry with no experience, offer to work for free at a local business. Most owners will gladly accept free, competent help in exchange for teaching you the ropes.- The single most important skill for scaling any business is learning how to effectively manage other people.- For a business, you can start this weekend for under $500, considering small engine repair. There is a huge demand, and many repairs are simple carburetor cleanings that you can charge $100+ for.Tags: Passive Income, Entrepreneurship, Business Buying, Investmentjoy, Car Wash, Vending Machine, Business Scaling, Boring BusinessesResources:Grow your business today: <a href="https://links.upflip.com/the-business-startup-and-growth-blueprint-podcast" target="_blank" rel="ugc noopener noreferrer">https://links.upflip.com/the-business-startup-and-growth-blueprint-podcast</a> Connect with Brandon: <a href="https://www.instagram.com/investmentjoy/ " target="_blank" rel="ugc noopener noreferrer">https://www.instagram.com/investmentjoy/ </a>

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204. The Boring Businesses that Print Cash

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