Mostly true. I had a business with unskilled and skilled labor. Of the unskilled (who we trained to become skilled in a particular facet of the business), we had about 25% that were with us long term (6-8 years), 50-60% that were short term (1-3 years), and the bottom end who we cycled through on an almost daily basis. Part of our retainment strategy was to pay them higher than anyone else and provide a good benefits package.
@@TheologyUnleashed Yes, and yet only 10% of people are even with no barrier to entry and that number is trending down. By and large most people want to follow and if you are a good leader you will be fine.
@in4theride75 Thank for your comment! You bring up an excellent point. It's true that treating employees with respect and paying them fairly can significantly increase retention, even in roles often labeled as "unskilled." When people feel valued and fairly compensated, they’re more likely to stay and grow with the company. Creating a positive work environment and offering competitive wages not only helps retain employees but also boosts morale and productivity. It's a win-win for both the employees and the employer. Thanks for sharing your thoughts!
I have a porta potty business myself alongside my custom home builds we do here in florida . Went a different way about buying the portables . Buy them used , used truck . Sell some to get my portables pretty much for free . I'm a year in and it's definitely a great business to start . Gotta love recurring revenue businesses
@Trading-Freedom11 Thanks for sharing your experience! It's great to hear about your success in the porta potty business alongside your custom home builds. Buying used equipment and selling some to offset costs is a smart strategy-it's impressive how you've managed to get your portables essentially for free. The recurring revenue aspect is definitely a major advantage, providing steady cash flow and growth potential. It's always inspiring to see innovative approaches in the business world. Keep up the great work and thanks for the valuable insight!
I've been following you for a while now Codie and I must say this is by far the best video you've put out. It's very informative for those of us who want a better life. This video is really thinking outside the box!!! Keep it up!!
With Most Regional Banks at the risk of failing it could be an indication of an economic Recession which could be devastating .I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.
I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
omg, Codie! You're a real trooper for not upchucking your lunch. I'm following all of your advice and embarking upon my own journey to becoming my own boss.
Just found you about a week ago, I really like your business content. Keep up the great work. This was really good!! Thanks for the great information that you put out!!
I'm happy that you explained some of the questions a person needs to look, think, ask, and research when thinking about a business like this one to start.
I'm in the business (as a 3rd gen) that been family owned and operated for 50 years in FL. we also use to install septic tanks, pump septic tanks outs and manufactured our own septic tanks and many other things, but thru the years we have downsized to just me doing chemical toilets and make a confrontable living and really enjoy working by myself. who knows I might make it a bigger company later. I agree with most of what was said in this video. The biggest thing I would reamend is to work for a company before you jump in it. Learn the ins and outs for sure and most of all know your area needs. I was lucky that I grew up doing this.
Russell is an all-time LSU great. Les Miles did not use him to his fullest potential but the greatness was always there. The fans always loved him because he was such a good guy. Very happy to see him doing so well.
Making good money before you retire is super important. It can boost your social security benefit and give you a stronger retirement portfolio. Basically, the more you earn now, the better off you’ll be later
Prioritizing effective personal finance management holds greater significance than the sheer amount saved, irrespective of income source. consulting a certified financial advisor can offered tailored strategies to optimize financial results by reducing expenses and enhancing income, regardless of whether it’s earned through employment or investments
I totally agree. At 60 and newly retired, I’ve got about $1.25 million in outside retirement funds. With no debt and only a small chunk of my portfolio in retirement funds over the past three years, I see how crucial a financial advisor is
I had a similar thing happened. I had a Roth 401k for a while. I was getting ready to retire in 2020, so in late 2019, I moved it to a Roth IRA with a big brokerage. They said the 5-year rule start over, so by 2024, it’s all good. Also I moved a traditional 401k there too, but kept it secret from the Roth. My employer’s admin said I was the first to do just a Roth 401k transfer, so they had to update their system for it. Luckily it was quick. Goodluck with your situation!
@@CodieSanchezCT you are extremely smart and attractive. I do have a business idea I want to try. Mobile grocery bus. What are you're thoughts on that? I already run a successful upick cherry operation. With the bus I want to sell mostly fresh produce from local farmers.
I've always worked a 9-5 job and never considered myself a entrepreneur, but I just discovered your channel. Hoping that it's not too late to maybe start a business at almost 40 years old. Thank you for all the information!
A man with a great head on his shoulders... it's a great person that is not captivated by short term rewards but instead can determine his objective for the future and play the long game
Yes... he worked hard. He also started with about a million dollars and he had a huge commercial account from day one. Not to mention that rhe rightfully so he leveraged his NFL background. This is how he grew so fast.
The US economy is a powerhouse with a diverse range of sectors. The stock market and the dollar have traditionally been safe havens due to their long-term growth and stability. However, potential downturns are part of the economic cycle, and laws are in place to manage defaults and asset seizures. Inflation can be a concern, but remember, certain assets like stocks and Crypto’s acts as a hedge. Long & short-term trading is generally safer, allowing investors to weather market volatility. I have managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Kerrie Farrell, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape....
Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience...
This is exactly what Big time investors are talking about, not just you. key thing here is to always trades with a good strategy even if the price goes up or down...
Hey Cody, love your channel. Love your videos. Would really appreciate if you would put a link to the referral review video that you just made mention of during this video would be very helpful. I’d like to watch it and learn more from you about it. Thanks.
He is running a great business! Good margins, paying his employees well, and seems to know the business inside and out. I love his focus on everything being local and American made.
Codie, I love what you do and I love the message that you're putting out there. I would love to see you Make some content talking about mental health in business beyond just for sponsorship. Mental health in the entrepreneurial landscape is incredibly stigmatized. That desperately needs to change.
@tabortollefson Thanks for bringing this up-it's such an important topic! Mental health in the entrepreneurial world is often overlooked, yet it's so crucial. I totally agree that we need to break the stigma and have more open conversations about it. You've given me an idea for a video i could consider creating that dives deep into mental health in business, offering real insights and support beyond sponsorships. It's time we all acknowledge the challenges and support each other in this journey. Thanks again for the suggestion!
Signed up for the list of 130 businesses with my email. Never got the list. Now I'm getting spam mail from this channels creator. Bait and switch from this channel
How much money does it roughly cost to start up that kind of business? Shepard made money in the NFL, but it's difficult for regular people to get that cash to start.
If you listen to the video he actually says that he makes most of his money by literally selling water and also renting out the physical water containers. He also said that most of his units aren't even out for rent so he's basically running a water business. no hate im just saying to listen carefully, you would have to rent out so many restrooms to hit 20k a month
I'm wondering if he keeps a large inventory on hand so he (they) can handle large events. That's why it's so smart that he's diversified with multiple products.
Thank you so much for the great information! Would love to know where he is purchasing the units for approx $500. I am finding them around $750 and up. Any guidance would be great!
Somewhere in the video, he said the manufacturer was right down the road. Depending on the piece, it's either roto molded or vacuum molded plastic so not too uncommon.
It's enticing to consider purchasing some stocks in this bull run. I'm contemplating investing more than $300k for retirement. While the bull run can generate short-term excitement, i also need long-term investment strategy
It seems like there's potential, but caution is warranted. hence I will advice you get yourself a financial advisor that can provide you with entry and exit points
Having an investment advisor is the best way to go about the stock market right now. I used to depend on UA-cam videos but it wasn't working. I’ve been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
“Sharon Marissa Wolfe’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
![Businesses that Always Fail? 7 Businesses with Shockingly High Failure Rates [Backed by Data]](http://i.ytimg.com/vi/WTDYuRVZDbo/mqdefault.jpg)
Hope you guys enjoy the video!! Here is the list of 130+ businesses you could purchase using my investing framework. contrarianthinking.biz/46Ds1Tx
That was funny and a Fun video to learn from.
Unskilled labor is the easiest labor to keep. You treat them well and pay them well they aren't going anywhere because no other employers do that.
Mostly true. I had a business with unskilled and skilled labor. Of the unskilled (who we trained to become skilled in a particular facet of the business), we had about 25% that were with us long term (6-8 years), 50-60% that were short term (1-3 years), and the bottom end who we cycled through on an almost daily basis. Part of our retainment strategy was to pay them higher than anyone else and provide a good benefits package.
Not just money it’s smells like poo poo money💰💰💰🤢🤮
The trouble is many industries that can use unskilled labour can also be done by unskilled owner operators which makes it a very competitive market.
@@TheologyUnleashed Yes, and yet only 10% of people are even with no barrier to entry and that number is trending down. By and large most people want to follow and if you are a good leader you will be fine.
@in4theride75 Thank for your comment! You bring up an excellent point. It's true that treating employees with respect and paying them fairly can significantly increase retention, even in roles often labeled as "unskilled." When people feel valued and fairly compensated, they’re more likely to stay and grow with the company.
Creating a positive work environment and offering competitive wages not only helps retain employees but also boosts morale and productivity. It's a win-win for both the employees and the employer. Thanks for sharing your thoughts!
I have a porta potty business myself alongside my custom home builds we do here in florida . Went a different way about buying the portables . Buy them used , used truck . Sell some to get my portables pretty much for free . I'm a year in and it's definitely a great business to start . Gotta love recurring revenue businesses
be careful sorta potty is a Brand name not an item! It's Called Portable toilets
@licorish so I should be worry about saying Klein tools like everyone calls them even tho is a brand ? 🤔
@Trading-Freedom11 Thanks for sharing your experience! It's great to hear about your success in the porta potty business alongside your custom home builds. Buying used equipment and selling some to offset costs is a smart strategy-it's impressive how you've managed to get your portables essentially for free. The recurring revenue aspect is definitely a major advantage, providing steady cash flow and growth potential. It's always inspiring to see innovative approaches in the business world. Keep up the great work and thanks for the valuable insight!
great work!!!!! would you mind sharing what area? I'm in Chicago and would love to start a porta potty business here.
@@Guayacorentals I'm in the SW of florida
Great story, great guy with a great attitude.
I've been following you for a while now Codie and I must say this is by far the best video you've put out. It's very informative for those of us who want a better life. This video is really thinking outside the box!!! Keep it up!!
With Most Regional Banks at the risk of failing it could be an indication of an economic Recession which could be devastating .I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.
I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
I love you Codie!! You are so realistic and humble. The information you give is priceless.
My favorite part of this episode is Codie pushing past her nausea to bring us the close-up on this boring business. Thank you!
omg, Codie! You're a real trooper for not upchucking your lunch. I'm following all of your advice and embarking upon my own journey to becoming my own boss.
Just found you about a week ago, I really like your business content. Keep up the great work. This was really good!! Thanks for the great information that you put out!!
@CodieSanchezctDigits cool, ty.
I'm happy that you explained some of the questions a person needs to look, think, ask, and research when thinking about a business like this one to start.
I literally can't believe this information is free. Thank you Codie!
$225 to rent a 300 gallon tote you can buy for $50… now this is a business model I can get behind!
Its motorized tote not any ordinary tote
Huge Giants fan. Happy for his success!
I'm in the business (as a 3rd gen) that been family owned and operated for 50 years in FL. we also use to install septic tanks, pump septic tanks outs and manufactured our own septic tanks and many other things, but thru the years we have downsized to just me doing chemical toilets and make a confrontable living and really enjoy working by myself. who knows I might make it a bigger company later. I agree with most of what was said in this video. The biggest thing I would reamend is to work for a company before you jump in it. Learn the ins and outs for sure and most of all know your area needs. I was lucky that I grew up doing this.
Great job Shep!! Geaux Tigers!
Russell is an all-time LSU great. Les Miles did not use him to his fullest potential but the greatness was always there. The fans always loved him because he was such a good guy. Very happy to see him doing so well.
Jack Schitt Would be a perfect name for this business!
Making good money before you retire is super important. It can boost your social security benefit and give you a stronger retirement portfolio. Basically, the more you earn now, the better off you’ll be later
Prioritizing effective personal finance management holds greater significance than the sheer amount saved, irrespective of income source. consulting a certified financial advisor can offered tailored strategies to optimize financial results by reducing expenses and enhancing income, regardless of whether it’s earned through employment or investments
I totally agree. At 60 and newly retired, I’ve got about $1.25 million in outside retirement funds. With no debt and only a small chunk of my portfolio in retirement funds over the past three years, I see how crucial a financial advisor is
I had a similar thing happened. I had a Roth 401k for a while. I was getting ready to retire in 2020, so in late 2019, I moved it to a Roth IRA with a big brokerage. They said the 5-year rule start over, so by 2024, it’s all good. Also I moved a traditional 401k there too, but kept it secret from the Roth. My employer’s admin said I was the first to do just a Roth 401k transfer, so they had to update their system for it. Luckily it was quick. Goodluck with your situation!
This aligns perfectly with my desire to organize my finances. Could you provide me with access to your advisor?
I’m looking for where to begin putting in some funds that will aid me after retirement. Saving up isn’t giving anything in return
It smell like money
It still makes me laugh 😂
🤣🤣🤣
I use to say that every time i got to work when i worked for a trash hauling company lol
@@CodieSanchezCT you are extremely smart and attractive. I do have a business idea I want to try. Mobile grocery bus. What are you're thoughts on that? I already run a successful upick cherry operation. With the bus I want to sell mostly fresh produce from local farmers.
I love this type of business because it deters competition. Not a lot of people are humble enough to want to deal with this much shit.
agree with the assessment of greese being the worst. a the smell of a grease collection truck is suffocating in a way i can't even explain.
love his honesty
He opened that tank with no respiratory protection. H2S gad is deadly. He needs a Safety Professional.
💯
I've been opening tanks like this for years and I'm fine.
I've always worked a 9-5 job and never considered myself a entrepreneur, but I just discovered your channel. Hoping that it's not too late to maybe start a business at almost 40 years old. Thank you for all the information!
She motivated me to start a plumbing business with my husband... im 43 not to late!!
Never too late
My gosh, I'm 64 and looking at this!
He’s the shit! 🎉 Love it!
"Your sh*t is our bread and butter." -- some guy who owned one of these kind of businesses, said about 40 years ago.
Great story, and great content. Thank you both for sharing!!!
Thank You Codie 🙌🏼🙌🏼🙌🏼
Awesome video CODIE very inspiring
I like your energy, enthusiasm and motivation. You have the secret Diamond follows to be Diamond.
wow, you keeping surprising us Codie
this is definitely liquid gold
$1K/week ain't bad all things considered.
True, a grand is not bad at all!! I'm stuck in a driving job that only requires the DOT card and I'm lucky if I clear 700/w after taxes
hey Codie & everyone, a porta-potty is a trademarked brand name, the item name is portable toilet people!!
Love this content
A man with a great head on his shoulders... it's a great person that is not captivated by short term rewards but instead can determine his objective for the future and play the long game
Yes... he worked hard. He also started with about a million dollars and he had a huge commercial account from day one. Not to mention that rhe rightfully so he leveraged his NFL background. This is how he grew so fast.
I do dry ice blasting . Environmentally friendly way of cleaning with no secondary waste. Let me know if anyone is interested .
So many business ideas out there it’s absurd
The US economy is a powerhouse with a diverse range of sectors. The stock market and the dollar have traditionally been safe havens due to their long-term growth and stability. However, potential downturns are part of the economic cycle, and laws are in place to manage defaults and asset seizures. Inflation can be a concern, but remember, certain assets like stocks and Crypto’s acts as a hedge. Long & short-term trading is generally safer, allowing investors to weather market volatility. I have managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Kerrie Farrell, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape....
Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience...
The fact that i got to learn and earn from her program is everything to me think about it, it's a win win for both ways...
I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this..
This is exactly what Big time investors are talking about, not just you. key thing here is to always trades with a good strategy even if the price goes up or down...
You guys are all bots 🤖 😂
First. Love that this black guy going crazy
Everybody needs to go somewhere, so might as well be to your "facility". Makes a lot of sense!
Hey Cody, love your channel. Love your videos.
Would really appreciate if you would put a link to the referral review video that you just made mention of during this video would be very helpful. I’d like to watch it and learn more from you about it. Thanks.
Met a guy! Haha Russel Shepherd was a high school legend in Houston and collegiate at LSU! Dope to see him linking up with Codi
He is running a great business! Good margins, paying his employees well, and seems to know the business inside and out. I love his focus on everything being local and American made.
you are a pretty sharp and I'm loving your interviews. Can you interview a rolloff dumpster company?
Codie! Out here risking her sense of smell for us 😂😂😂
I still smell it 😂
@@CodieSanchezCTthat’s the smells of money 😂
@@CodieSanchezCT😂 I can’t, this was a great one!
Too cold 😂
I love Codie facial expression when she was on top of the tank lol. Love the video as well.
Opportunity in the portable toilet business: one or two day events. It's insanely expensive in the NYC market.
Codie looks really cute in that outfit.
Codie, I love what you do and I love the message that you're putting out there. I would love to see you Make some content talking about mental health in business beyond just for sponsorship. Mental health in the entrepreneurial landscape is incredibly stigmatized. That desperately needs to change.
@tabortollefson Thanks for bringing this up-it's such an important topic! Mental health in the entrepreneurial world is often overlooked, yet it's so crucial. I totally agree that we need to break the stigma and have more open conversations about it. You've given me an idea for a video i could consider creating that dives deep into mental health in business, offering real insights and support beyond sponsorships. It's time we all acknowledge the challenges and support each other in this journey. Thanks again for the suggestion!
Smooth sailor. Serve. Lesson learned do it your self. Ty’s.
Yes shit holes sale, but not for construction, for residential. Look for modular prefabricated bathrooms.
Where do you get portalets for 500 bucks?
Let’s go 0:52
Great video
"Walmart will belly up" is a wild statement. this is Walmart we're talking about.
Not called a "Honey Wagon" for nothing!! hahaha Great video Codie!!
Hi Codie, I signed up for the 130+ business download, and nothing arrived in my inbox. Can you please send me the link. Thanks
How’s the trailer restroom business? Higher barrier to entry due to the trailer expense, but bigger tickets?
I last wore a suit and tie and sat in a cubicle five years ago... The only thing I miss is the free coffee.
So you're saying I don't need a CDL to do this isn't this hazardous material?
Signed up for the list of 130 businesses with my email. Never got the list. Now I'm getting spam mail from this channels creator. Bait and switch from this channel
This is career I want to purse in but where do I start is the question. Especially in our small town
Thanks
What camera system are they using to track drivers?
Have a great day.
Patrick
17:46
Where is the link?
This is my favorite hairdo for you.
How much money does it roughly cost to start up that kind of business? Shepard made money in the NFL, but it's difficult for regular people to get that cash to start.
I'm so glad this episode found me
As a football fan, wasn’t expecting this to be what Russell Shepard was up to.
When he spikes the toilet paper lool 😂
Great video.
BOOO on better help. They're such a scam company.
If you listen to the video he actually says that he makes most of his money by literally selling water and also renting out the physical water containers. He also said that most of his units aren't even out for rent so he's basically running a water business. no hate im just saying to listen carefully, you would have to rent out so many restrooms to hit 20k a month
I'm wondering if he keeps a large inventory on hand so he (they) can handle large events. That's why it's so smart that he's diversified with multiple products.
Thank you so much for the great information! Would love to know where he is purchasing the units for approx $500. I am finding them around $750 and up. Any guidance would be great!
What happens to the big shipping container?
Great video! How’s he building them?
Somewhere in the video, he said the manufacturer was right down the road. Depending on the piece, it's either roto molded or vacuum molded plastic so not too uncommon.
I was once offered a job to set up a factory making paper tampon tubes in China. It's putting someone's kids thru college🤷
It's enticing to consider purchasing some stocks in this bull run. I'm contemplating investing more than $300k for retirement. While the bull run can generate short-term excitement, i also need long-term investment strategy
It seems like there's potential, but caution is warranted. hence I will advice you get yourself a financial advisor that can provide you with entry and exit points
Having an investment advisor is the best way to go about the stock market right now. I used to depend on UA-cam videos but it wasn't working. I’ve been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us.
“Sharon Marissa Wolfe’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you
13:09 this guy summarized the whole video 🤣
Great story, what a great guy too!
also, love this mans confidence!!
This guy knows his shit
This man is really sharp!
Yea, he looks like he runs a tight ship!
I would like to know where he is paying $500 per Porta Potty and get the foot pedal.
so much does it take to start?
what rae the risk and return ration of starting this kinda business?
this information would help a lot of people.
I can tell you this business is
NOT CRAP 💩 💰💰💰💰
Smart man.
Crappy business, but someones gotta do it!
What do you do for a living? “I’m a honey dipper “
And it just drops water fresh water you can drink that water😂
Codi reaction : 🤢 😂
Cool dude. I have a cleaning business and understand the smell of money 😂
I found your contents interesting, you're doing great, but do you know you can get better results with some strategies...?
Codie…you need to look into being Mike Rowes replacement
I like the business, but like most other businesses, I dont have enough to start.
I want to do this but don't have enough money to get started I know how I've done it before
This guy knows his 💩
love it
It’s great to see a minority owned business showcased despite Shep being a NFL player. A true Main Street Minority Millionaire!
Good content