Latest / The Hannah Hammond Show / The REAL Reason Rich People Love AI (And You Should Too)
Transcript
- 0:00Let me be blunt with you. AI is not going away.
- 0:03It's not a fad. It's not a bubble that's going
- 0:05to pop and disappear. It is the single biggest
- 0:09economic shift of our entire lifetime and possibly in human
- 0:13history. Now you can do one of two things
- 0:15with that information. You can be scared.
- 0:18You can worry about your job, worry about the future and hope
- 0:20it all just slows down. Or you can position yourself to
- 0:24profit from it. Because here's what most people
- 0:26are missing. AI as a tool.
- 0:28And tools don't make money themselves.
- 0:31People who own things make money.
- 0:33AI can optimize, automate, analyze, and execute, but it
- 0:37cannot own a business. It cannot own real estate.
- 0:40It cannot build equity. Only you can do that.
- 0:43So today, I'm going to give you 6 ways to take advantage of the
- 0:46AI revolution. Not someday.
- 0:48Now, while everyone else is paralysed by the headlines, you
- 0:52can be building wealth. So let's get into it.
- 0:54Here's the fundamental truth that changes everything once you
- 0:57understand it. AI can run a business.
- 0:59It can manage operations, handle customer service, optimize
- 1:02marketing, analyze data, write content, and streamline all your
- 1:06work flows. It can do the work of 5-10,
- 1:09maybe 50 employees in certain functions.
- 1:12But AI cannot be an owner. It cannot hold equity.
- 1:15It cannot collect profits. It cannot build wealth.
- 1:18Only humans can do that. Which means entrepreneurship
- 1:21just became more important than it's ever been in history.
- 1:25The leverage available to business owners right now is
- 1:27unprecedented. You can operate leaner, move
- 1:30faster, and scale bigger than any generation before you.
- 1:33If you're willing to own something.
- 1:36Think about what this means. The gap between employees and
- 1:39owners is about to widen dramatically.
- 1:42If you're trading time for money in a role that AI can optimize
- 1:45or replace, your leverage is shrinking.
- 1:48But if you own the business that's using AI to become more
- 1:50efficient, your leverage is exploding.
- 1:53This isn't about being anti employee, It's about
- 1:56understanding where value is flowing.
- 1:58And right now, value is flowing toward ownership.
- 2:02The question isn't whether you should start or buy a business.
- 2:05The question is how fast can you do it?
- 2:07Before everyone else figures this out, let's talk about what
- 2:10AI actually gives you as a business owner.
- 2:12For the first time in history, you've access to labor that
- 2:15costs literally almost nothing, works 24/7 around the clock,
- 2:19never calls in sick, never has a bad attitude, and improves every
- 2:22single month. I'm not talking about replacing
- 2:24your entire team. I'm talking about leverage.
- 2:27Think about the tasks that eat up time in any business.
- 2:30Responding to routine customer inquiries, scheduling, data
- 2:33entry, first draft, content creation, research, analysis,
- 2:36bookkeeping, reconciliation, follow up emails.
- 2:39And I can handle almost all of that today.
- 2:42Not in five years. Today.
- 2:44What does that mean for a business?
- 2:45You can dramatically increase efficiency while reducing
- 2:49expenses. A business that needed ten
- 2:51employees to run might now only need 5, maybe only one with the
- 2:55same exact output. A business that couldn't afford
- 2:58a marketing department can now have AI handling content.
- 3:01Social media, media scheduling and e-mail campaigns.
- 3:05Now here's where it gets exciting for buyers and
- 3:07operators. When you look at a business to
- 3:09acquire, you're not just buying what it is today.
- 3:12You're buying what it could be with AI optimization.
- 3:15That plumbing company running on paper schedules and manual
- 3:18dispatching? Well, you can implement AI
- 3:20powered scheduling, automate customer communication and
- 3:23predictive maintenance alerts, and you could cut the costs and
- 3:26improve customer service simultaneously and very quickly.
- 3:30You're not buying businesses at today's value, you're buying
- 3:32them at pre AI prices with post AI potential.
- 3:36That's the arbitrage opportunity that's sitting right in front of
- 3:39you. Now let's put some numbers to
- 3:40this. 10,000 baby boomers retire every single day in America. 8
- 3:46to 10% of them own a business. That's roughly 1000 business
- 3:50owners hitting retirement age daily and according to various
- 3:54estimates, somewhere between 10 and $12 trillion.
- 3:59Yes, trillion worth of privately held businesses will change
- 4:03hands over the next decade. Trillion with AT.
- 4:07And here's the problem. Most of these owners don't have
- 4:10a succession plan. A lot of their kids don't want
- 4:12to take over the business. They want to be influencers.
- 4:14They want to work in tech. They want flexibility.
- 4:16They don't want to run dad's HVAC company or mom's
- 4:19manufacturing business. So you have massive supply of
- 4:21businesses that need to be sold and limited demand from
- 4:25qualified borrowers. That's a buyer's market.
- 4:28Now layer AI on top of this, many of these businesses are
- 4:31running on systems from the 1990s.
- 4:33Paper processes, manual everything, fax machines.
- 4:36Seriously, these businesses are undervalued because they're
- 4:39operationally inefficient. But that inefficiency is your
- 4:43opportunity. You come in, implement modern
- 4:45systems and AI tools, and you transform the business.
- 4:49Revenue goes up because you can serve more customers and serve
- 4:52them better. Expenses go down because you've
- 4:54automated routine work. Profit margins expand.
- 4:57The seller sees a business is worth X.
- 4:59You see a business is worth 3 to 5X once you optimize it.
- 5:03This is the wealth transfer, and it's happening right now.
- 5:07Let me give you the practical playbook.
- 5:08First, you have to get educated on business acquisition.
- 5:11You don't need an MBA. You need to understand how to
- 5:13read financials, how deal structures work, how to conduct
- 5:17due diligence, and how financing options like SBA loans and
- 5:20seller financing operate. Most of this knowledge is
- 5:22literally available for free through the use of AI.
- 5:26You just need to put in the time.
- 5:28Second, learn AI tools that are relevant to small business
- 5:31operations. You don't need to be a
- 5:33programmer anymore. You need to understand what's
- 5:35possible. How can AI improve customer
- 5:38communication? How can it handle scheduling and
- 5:40dispatch? What about marketing automation,
- 5:42inventory management, or financial reporting?
- 5:44The business owner who understands both acquisition and
- 5:47AI implementation has a massive competitive advantage.
- 5:51And third, start building relationships now.
- 5:54Connect with business brokers in your area.
- 5:56Tell them what you're looking for.
- 5:57Get on their radar. When deals come through, you
- 6:00want to see them early. Network with Cpas and attorneys
- 6:03who work with small businesses. They often know about transition
- 6:06situations before anybody else does.
- 6:09And 4th, identify your buy box. What industries interest you?
- 6:12What lights you up and gets you excited?
- 6:15What size of deals can you realistically pursue?
- 6:17What geography makes sense for you?
- 6:19You can't buy everything, so focus your search so you
- 6:22recognize a great opportunity. When you see 1/5, think about
- 6:26the real estate component. Most small businesses either own
- 6:30their own real estate or they have a lease in place that's a
- 6:32major factor in their operations.
- 6:34Understanding the real estate side of the business acquisition
- 6:36can be the difference between a good deal and a great one.
- 6:40Sometimes the real estate is worth as much as the business
- 6:42itself or more. And by the way, if you're
- 6:45looking at a business that involves commercial real estate,
- 6:47whether it's buying a building along with the business,
- 6:49securing a lease for your operations, or financing the
- 6:52property separately, that's exactly what I do at my
- 6:55company's HP Capital and the firm.
- 6:57So got me a message and we can talk through how to structure
- 7:00the real estate side of your deal so it actually works for
- 7:02your business goals. 6th, Take action while others hesitate.
- 7:06The window for this opportunity won't stay open forever.
- 7:10As I've said before, time kills all deals, and especially now,
- 7:14we have to move fast. As more people catch on to the
- 7:17baby boomer wealth transfer and AI optimization potential
- 7:20competition will continue to increase and that will create
- 7:23higher demand, which creates valuations to rise.
- 7:26So the best time to move is now, while most people are still
- 7:30distracted by the headlines instead of taking action and
- 7:32building. So let me address what might be
- 7:34holding you back. Most people look at AI and they
- 7:37just feel this deep, immense fear.
- 7:40They see job displacement, they see uncertainty, they see a
- 7:42world changing faster than they can keep up with.
- 7:45But wealth has has always flowed to people who see the change as
- 7:49opportunity rather than threat. The printing press didn't
- 7:52eliminate opportunity, it created publishers.
- 7:55The automobile didn't end transportation.
- 7:57It created dealerships, mechanics, gas stations, and
- 7:59road construction empires. The Internet didn't destroy
- 8:02retail. It created Amazon, Shopify, and
- 8:041,000,000 e-commerce entrepreneurs.
- 8:06And AI isn't going to be much different.
- 8:08The technology is neutral. What matters is what you do with
- 8:12it. And the people who build wealth
- 8:14in the next decade are the ones who own assets, businesses, real
- 8:18estate, and they use AI to make those assets more valuable.
- 8:22You don't need to be a tech genius.
- 8:24You don't even need to know how to write code.
- 8:26You need to own things and know how to use these tools to
- 8:29optimize. That's it.
- 8:31The AI revolution is here. It's not slowing down, and the
- 8:35opportunity it's creating for people willing to act is unlike
- 8:38anything we've seen before, $10 trillion in businesses are
- 8:41changing hands. AI tools that give you
- 8:43unprecedented leverage, a window of opportunity that won't stay
- 8:47open forever. So the question is, what are you
- 8:50going to do about it? If you're serious about this
- 8:53path, whether it's acquiring a business, optimizing the one you
- 8:56already own, or launching a brand new one from the ground up
- 8:59and understanding how commercial real estate fits into your
- 9:01strategy, I want to hear from you.
- 9:03Drop a comment below or send me a message and let's talk about
- 9:06how to position yourself for what's coming.
- 9:08Please subscribe if you want more content like this and share
- 9:10with someone that needs to hear this message.
- 9:12Stop watching on the sidelines and start building.
- 9:15I'm Hannah Hammond and I'll see you on the next one.