I know firsthand the challenges of starting a new business and the high risk of failure. However, there's a strategy you may not have considered yet: taking over successful businesses owned by baby boomers who are retiring. It's true that many boomers have built successful companies over the years, but as they reach retirement age, they'll be looking to sell or hand over their businesses to the right person. That person could be you! By taking over an already established and profitable business, you can skip the initial startup challenges and potentially enjoy a smoother path to success.