Why start a business? Buy a sleepy business - there’s already customers paying money and it’s unlikely to get disrupted Laundromat etc have higher value multip

Why start a business? Buy a sleepy business - there’s already customers paying money and it’s unlikely to get disrupted Laundromat etc have higher value multiplier because they’re passive. Something like a large plumbing or trade business is great because you can have someone manage it but lower multiple. Real estate can be good but typically hard to do better than 10% cash on cash return. Vs a business could be 100% on cash return. But obviously more risk and active management needed, and the real estate is more likely to appreciate. All about risk vs reward