Interested in owning a business without starting from scratch? Try entrepreneurship through acquisition (ETA), which allows individuals or groups to purchase established companies with a proven track record. "It's a safer route into entrepreneurship with reduced risk," Jennie Wedd, a manager at Venture for Canada, told Peak Money. Starting a business from scratch is tough — that’s why 21.5% fail in the first year. This alternative pathway is gaining popularity in Canada for good reason: 76% of small business owners plan to sell their businesses by 2033, transferring assets worth over $2 trillion. However, only 9% have a clear exit plan, leaving $1.8 trillion in Canadian businesses up for grabs. If you’re interested, start by defining what type of business you want and how much you can invest. Target smaller companies valued between $5 million and $20 million — ideally they’re already profitable, but still have growth potential. Once you secure funding and negotiate terms, dive into the industry to understand your new venture (no one wants an HVAC CEO who doesn’t know how to fix an AC unit). If that feels overwhelming, consider getting help from an advisory firm like Shaughnessy Group or join Venture for Canada’s waitlist for its ETA pilot program launching in early 2025. They can assist in finding, funding, and growing your acquisition.