Roughly half of new businesses close within five years. Businesses acquired from a retiring owner survive at closer to 70 to 80 percent over that same span, and when purchased with an SBA loan, default at less than a third the rate of a brand-new venture. Meanwhile, a wave of retiring baby boomers is about…
A transit authority electrician in Ohio took home $352,904 in 2025, more than $228,000 of it in overtime alone. A data-center electrician in the right market can now clear $280,000 a year. And the plumber who starts his own company, rather than staying on someone else's payroll, routinely earns more than the surgeon who spent…
"Most owners come to me already wrong about what their business is worth," one longtime business advisor put it plainly. "Not by a little. By a factor of two, sometimes three." That gap between the number an owner has carried in his head for years and the number a real buyer will actually offer is…
Your veterinarian, your HVAC contractor, your dentist, the odds that at least one of them now answers to a private equity firm you have never heard of are considerably higher than they were a decade ago. Corporate ownership of general veterinary practices has climbed from roughly 8 percent in 2011 to about 50 percent today.…
"It's not going to be a cost to you," President Trump told supporters in September 2024, promoting his tariff plan. "It's going to be a cost to another country." Every major independent study of the actual data published since then, from the Federal Reserve Bank of New York to the Peterson Institute for International Economics…
Every founder who has ever pitched an idea has heard the same romantic version of the American Dream: start with nothing, build something the world has never seen, and let the risk be the price of the reward. A quieter, less mythologized version of that same dream is sitting on the balance sheets of millions…
"The love of money is a root of all kinds of evil." That is the actual verse, 1 Timothy 6:10, and the difference between what it says and what most people think it says, "money is the root of all evil," is not a minor translation quibble. It is the entire theological question this piece…
Anthropic's own CEO, Dario Amodei, predicted in 2025 that artificial intelligence could eliminate roughly half of all white-collar entry-level positions within five years. He was not speaking as a critic of the technology his company builds. He was speaking as someone who understands, better than almost anyone, exactly what it is now capable of automating…
A record 25.2 million Americans under 35 lived with their parents last year. Seven in ten of them have a job. The uncomfortable truth this generation keeps being told to solve with more effort is, by the numbers, not a character problem at all. It is a housing shortage, a broken entry-level job market, and…
