Although real estate remains strong, unfortunately the pandemic is creating a small business recession in the US. But history teaches us that where there’s chaos, there's also opportunity. And, sometimes, hardworking business owners impacted by such unforeseeable circumstances just need some help to get back on track.
That's why Brittany, my wife, and I are looking for an opportunity to buy or invest in small private businesses right here in Jacksonville over the next twelve months.
Both Brittany and I have financial backgrounds, and Brittany is a CPA. We have built and run successful businesses from the ground up, including developing the mission, infrastructure, business model, business plan, target market, systems, people -- all of it. Then, once we put a solid plan together, and get the right people in place, our goal is to leverage out many of the day-to-day tasks while we remain involved only in the key activities that we enjoy. When we get to that point, our goal is to use our newly freed-up time to start the process again with another new business.
Our backgrounds give us the real-world, fundamental foundation for success that we have noticed some entrepreneurs are missing in today's world. We track everything, all the time, and urgently execute on the insights that we gather from our data. Understanding that the market is ever changing, we move forward with speed and passion.
We would like to start investing in, and building, what we call "add-on" businesses that relate to the businesses we currently own. For example, Brittany owns a brokerage, so an add-on business for her would be title, mortgage, insurance, coaching, and then maybe an evolution over to HVAC, roofing, plumbing, appliances, etc. that go hand-in-hand with the referrals generated by the brokerage’s agents and by us. So far, we have passed on millions of dollars’ worth of referrals to other companies, most of the time in a way that is ad hoc and non-strategic. And, we've found that the majority of contractors who get those referrals have not been responsive, often failing to show up or answer their phone, or having systems incapable of attaining scalability.
For us, that indicates an opportunity, because we know how to create systems to address these common issues, and how to develop a massive win-win.
Although most of our current business ventures involve real estate, we also are open to exploring new, non-related ventures, or even funding a start-up and serving on its board. Of course, this is only possible when you have the right people in place, and that is why we would never start any project without truly having the capacity to see it through.
If you or anyone you know has an idea or business that could use a little boost, or has a potential to be an add-on to the real estate industry, we would love to talk.