THIS Is Your FASTEST Path To Escape Your 9-to-5 Job With Less Risk Feat.
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- Опубліковано 3 лип 2024
- Ever wonder what it takes to leap from passion to profit?
This episode is a treasure trove of wisdom and entrepreneurial strategy as I sit down with Codie Sanchez, a powerhouse in business acquisition and an expert in turning the mundane into millions.
Codie, known for her savvy in navigating the often overlooked opportunities in 'boring' businesses, shares her incredible journey and the strategies that anyone can use to find financial freedom and business success. Combined with my own experiences of building an entrepreneurial empire, this episode will redefine your approach to business and success.
This approach to business is not just about making money; it’s about creating value and learning the art of the deal. In our conversation, we delve deep into the nuts and bolts of acquiring businesses-a path less traveled but brimming with potential.
Here’s what you’ll gain from tuning in:
-Learn strategies to identify undervalued businesses and how to spot and seize opportunities in the least glamorous but most lucrative corners of the market.
-Learn secret negotiation tactics to secure deals that can transform your financial landscape.
-Discover why sometimes the most ordinary businesses could be your ticket to extraordinary wealth.
-Codie opens up about the challenges and triumphs along her journey, providing you with the roadmap to pursue your own path.
This is the episode that can help you make the leap from being INTERESTED in entrepreneurship to LIVING it. Codie and I are here to empower you with the knowledge and inspiration to take control of your destiny, one deal at a time.
Prepare to be inspired, educated, and transformed. Whether you’re a seasoned entrepreneur or just starting out, this is an episode you cannot afford to miss. Join us as we uncover the secrets to building wealth through business acquisitions and share the tools you need to succeed.
Main Points:
00:00 Intro
04:05 Decisiveness
06:11 Buying Businesses
10:27 Bathwater Method
14:43 The Sexy/Boring Matrix
16:25 What Business is Really Like
22:08 Real Knowledge on Business
26:03 The One Characteristic of Entrepreneurs
28:01 Business Fatigue
30:13 Where to Buy Businesses
33:14 Setting Sacrifices & Avoiding Distractions
41:46 Negotiating the Price Tag in Advance
43:34 Understanding the Trends
46:26 Thoughts on AI
48:28 Overall Business Life Advice
59:43 The Happiness Epidemic
01:06:13 One Big & Irreversible Change
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Fabulous. Real no BS. Sometimes too much fluff with other guests but Codie is real. 💯
Such a great conversation thank you both!! 🙏🏾🙏🏾
Can’t wait to buy hvac companies and roll them into the cold air company. Thank you for having Cody on. A great pairing
Thank you both! 🙏 Codie, your knowledge and level of understanding are amazing. I have learned so much from this conversation.
Without a doubt, this year will be worse than the last. I lost a lot of money last year as a result of bad investment choices that I would not have made if I hadn't been so worried about my portfolio. I kept investing, but I couldn't determine whether to start paying for a house. In the end, I sold my positions, and the house needed more work than I had planned. I'm not sure how long I can keep going like this
We've all made mistakes at some point. You should consider financial planning
True. My portfolio was diversified across several markets with the help of a financial planner, and were able to achieve over a million in net profit among high dividend yield equities, ETFs, and bonds. It is vital that you have a variety of exposure, including in firms that are currently generating cash flows.
Do you mind sharing your financial planner
Leah Foster Alderman
You are most likely to find more info when you look her up
I can't wait to finish listening to this one tomorrow morning!! The first 20 minutes have be incredible.
Absolutely loved the episode. And she was so intelligent!!! Definitely jotted down some notes I will take away from having heard it!
I found her months ago and so glad you did too.
Thank you Ed for your guidance with your podcast.
Last few points. So true. College's roi is sooo low compared to the early 2000s. At the same time, young people should avoid starting a business - losing money at a young age is the worst thing to start your 20s. University is, should only be, for STEM degrees.
I would suggest go to a trade school or take a degree that has specific skills you earn before graduating. Dont take business degree because all theyll teach is theory - nothing applicable for doing business. Take marketing or investment management degrees that lead you to be useful for a business. Important if they provide internship opportunities
One of the best interviews, I feel. I've watched them all!
Great interview Ed! Great energy and information!
Escape 9to5 to enter 24/7 😅🥲🙂
(Funny enough, Steve from the comment below, I have been doing exactly that for years. My comment is meant to point out - for those who may not realize it - the small distinction between "escaping something" and exchanging it for something much more demanding. With that said... let's move on, and ahead.)
Having done it for years, 24/7 of that adds value and substance beats any single paycheck at a mediocre, meaningless 9-5.
@@smileybb6863 I agree. It is so much harder, but the rewards are most often worth it.
Your comment speaks volumes about your ability to understand this type of information and content so basically you my friend are probably not a good candidate for entrepreneurial work and business
@@smileybb6863 I agree. I it so much tougher, bust (most of the time) it is worth it.
@@stevenmcbride9773 Funny enough, I have been doing it for years. My comment speaks to those who may not realize that little distinction between "escaping something" any entering something much more demanding. With that said.... let's move on and ahead.
Loved the interview! For me it boils down to PURPOSE. That doesn't make it easy BUT it does make the decision easier! 💪
Looking great Ed!
Informative!! Good show 👍
Haven’t watch entire interview yet, happy to see you back outside tho Ed!
Really wonderful insights here, thank you!
Ed my take away is the SSS, I have question for you how do I go about finding investors for a product that we have designed and filed for a patent. We want to go to market with it but the startup is a lot upfront but the ROI can be a crazy amount. This product is for oil field that every well would use.
being careful to order off a menu is very smart. these menus, commercial spaces and servers are full of surprises , junk ingredients , undisclosed and false advertising. I want gluten free, I don't want sugar in my dairy. I don't want surprises. It's called diligence. I'll hire somebody in Acquisitions if they're careful with their ordering off the menu. I watch the person if he's judging me or another person based on their discussion with the server. I won't do business with Impatient people who are judging another's diligence and discussion.
WHY do certain words keep getting “bleeped” out? We’ve heard them spoken before. Let’s keep it FUCKING real and stop that bull SHIT bleeps!