Boring Businesses

“It's also like low key, a really good sales asset, because imagine telling a property manager, You know, we tested this on, you know, 50 of your old maintenance requests. It routed 42 correctly, flagged six of them for human review, and made two mistakes. Here…”

“Because I think the next generation of billionaires will be built in the boring.”

“The ones that are boring and people don't know about or care about, those are the ones who are on a consistent making money or going up. You have growth.”

“The best idea SOPs ideally you take a screenshot or you take a picture of it and everybody signs off what they did. And this sounds kind of annoying and over the top, but I learned it from boring businesses because that's what you have to do with technicians.”

“If your outcome is money, you will statistically do better at the industry where there are least amount of passionate people. The more boring your business, the likelihood of you making money is higher.”

“It's just harder to have happen in these boring businesses if you do it right and you size them right, I think, than if you do a startup.”

“I mean, for these types of businesses, I'm cheap. I like to buy businesses at anywhere from two to six X. I really try for the two to three X, but I typically buy boring businesses that don't have a lot of profit.”