They say 90% of millioners are made through real estate, but 100% of billionaires are made

through private equity. In the next seven years, we got thousands of small businesses that are

owned by these baby boomers that are going to be retiring over the next seven years.

There are one million businesses for sale in the country right now. Only one in 16 of them

will sell. 80,000 businesses will sell them in the next 12 months. 920,000 of them won't. They're not large enough to be enticing to private equity. They don't

want to buy up a one or two or three million dollar company. And the average Joe doesn't have one or two,

three million dollars to buy a company. That creates a lot of fear for business owners that said,

well, my business is actually successful. It's better than average, but there's not a huge buying pool. And those are the companies that I target. I'm looking for 20x and 30x and 50x multiples.

The fun part is I get to wake up every morning and just ask,

what is an impossible problem in the world I want to try to solve?

Welcome to the Rich of The Report.

Today, I'm sitting out here in Provo, Utah, with my man, the legend I got Mr. Chris Cone.

Chris, welcome to the show, brother.

Too, man. Happy to be here.

Yeah, man. I appreciate you having me out to Provo, man,

impressed with your whole setup here. Your whole team's been amazing today. And, dude,

your guys' energy is just like second to none. Appreciate that. Yeah. So, you know, I know a lot of

listeners are familiar with you, but a lot of them don't really know your story, man. I'm just, and I don't know either.

I'm curious, what were you doing before real estate?

So I wanted to be a doctor.

If we were to back up like a long time ago, I come from a family where I have a German

immigrant father, had met my mom, had nine kids, big family.

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