How to Buy a Business for $0 in a Week

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Want to learn how to buy a business? (Free Consult): contrarianthinking.biz/youtub...
Learn more about how to buy a business at 👉 contrarianthinking.biz/yt-biz...
Want to get the spreadsheet referenced in this video + 5 other ways you can buy a biz for $0? Download this guide I put together for you here 👉 contrarianthinking.biz/buyfor...
Signup for our Boring Business Brief where we share some of the best insights, tips, and stories from our private biz-buying community 📰 contrarianthinking.biz/bbb-yt
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Chapters:
00:00 - How do you buy a business for $0 in 1 week
00:56 - Finding What Biz to Buy
3:49 - How to Have The Conversation
8:18 - The Venmo Challenge
11:42 - The Personal P&L Review
16:44 - What to do on Day 1?
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Guatam Adani is the richest man in India, worth over $48 billion. Carlos Slim Helu, the magnate of Mexico is worth over $85 billion, and Bernard Arnault is richer than both of them combined. What do all three of them have in common? They bought businesses to build their empires.
Now I know what you're thinking, "but Codie, I don't have a lot of cash, how can I buy a business??" Today I'm going to break it down for you and show you how you can buy a business for $0 cash, in one week. Yes, really.
I've spent over 10 years working in finance and making money, and the skillset that changed my life more than anything else is "creative financing." If you want to know what to buy, just look at where you spend. It's the Venmo challenge: wherever you're spending your money consistently with small businesses is usually where you should reach out to the owners of those businesses.
Who are they? What do they do? What do you spend per month? What's their revenue, and finally, what's your value-add? I'll show you how to break it down in this video to determine the right business for you to buy.
Also we're coming up on our 1 million subscriber milestone. We've come a long way since our first videos on our channel and couldn't have done it without you. Please continue to spread the word and subscribe if you already haven't. What video(s) helped you discover my channel? Comment below!
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All content on the Codie Sanchez KZfaq channel reflects my own opinions and should NOT be taken as legal advice, financial advice, or investment advice. Please seek out the guidance of professionally trained and licensed individuals before making any decisions. Some links in the description may be affiliate links.

Пікірлер: 305

@CodieSanchezCT 9 ай бұрын

Wanna get the full guide to buy a biz for $0 in a week? Download it here: contrarianthinking.biz/buyforzero-yt-lg

@seanwieland9763 9 ай бұрын

Do you have a guide for how to find businesses available for sale to begin with, especially if this “Venmo list” is $0. You spend $2000/mo on a cleaning lady? That’s most people’s monthly rent!

@joffrecamacho5086 8 ай бұрын

Codie, how does one get in contact with you?

@christiandiorbarcelona3252 8 ай бұрын

Is this applicable to ordinary folks with no credit standing and starting up with no fancy car to flex so seller will believe the buyer?

@vincevasquez5841 8 ай бұрын

Would love an opportunity to work with you...

@alejandroj.giustiluengo6979 8 ай бұрын

Your business intelligence is so sexy, loving this

@EmeraldPath 7 ай бұрын

Ms. Codie Sanchez, I've been watching your channel for several months. I love your story. Anyone can do this! I perceive you to be a source of inspiration. Your content is spot on, and I don't feel like I need a fancy degree in finance, banking, etc. I'm ready for the next half of my life.💸💜💯✨️

@lyndastarwriter8507 6 ай бұрын

I'm hooked on Ms. Sanchez's vibrance, wisdom, business smarts, strategies and vision. AND I've learned more from her w/ regard to implementing these strategies than I did in business school. I have an MBA. I understand the vernacular. Need to put it into practice.

@universesounds9460 8 ай бұрын

I love this channel. You're smart as hell and have widened my visions of possibilities

@merlin8675309 8 ай бұрын

The KEY is knowing where you add value, and then how to apply it to the business to make maximum impact. Could be local marketing, finance, sales,...

@user-vp4yh7vo8g 8 ай бұрын

Priceless!!……love this!…..love you Codie!…..Soo fricking smart!…..thank you for inspiring us to go for it!!💕

@Gfysdegen 9 ай бұрын

This is sooooo dope!! Ty I’m meant for marketing and elevating others lives because the joy I realised it brings me. After 4 years of being a special education teacher

@markv713 8 ай бұрын

Thank you for opening my eyes. I just realized the possibility is literally already in my possession.

@harleyehuffinejr2432 8 ай бұрын

Thank you for taking the time to prepare this video.

@RJ4Loans 7 ай бұрын

Great information Codie. I am new to following you. I wish I had this information years ago, it would have leap frogged my success.

@EIStudent 9 ай бұрын

I'm not quite ready to take the plunge yet, because I'm focused in another asset building endeavor. However after I get a handle on my current challenge, this will be my next hill to climb. I LOVE Codie's content! She will definitely be a primary source for ANYTHING I do related to buying businesses.

@seanwieland9763 9 ай бұрын

14:38 Sales is easy! Getting prospects to sell to is what’s hard! Please talk about how to identify people to sell to / buy from. That’s the topic where the silence is deafening.

@maddiepriede7320 9 ай бұрын

The work you’re doing is so incredible, I’m so thankful to have access to it. Looking forward to learning from you and your programs

@santoshchaudhary5620 9 ай бұрын

Love you Codie. Your videos are very inspiring. I think you have inspired me own a business this month. I will open a business in November.

@edwintepuendikum3527 8 ай бұрын

Thanks for sharing and for your time.🔥🔥🔥🙏🏿👍🏿

@christiandiorbarcelona3252 8 ай бұрын

Thanks for sharing. Will download it.

@motivationaltwist7026 9 ай бұрын

👨🏽‍🏫& for all the notes you need a custom TwisT daily goals planner 😉 b4 prices go up, let me help you be organized.

@KingUnique888 8 ай бұрын

We appreciate you for your stellar content!

@richhands5269 9 ай бұрын

My three favorite channels: Codie Sanchez, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥

@CodieSanchezCT 9 ай бұрын

I appreciate you!!!

@lkoboka 4 ай бұрын

I’m just going home and I’m

@mokshnigamsatsangi1780 9 ай бұрын

You know, just a few more of these "guide" videos, you put out and you will soon break my hesitation of buying my first business and taking the 1st step. My hesitation is very close to getting broken. I've been watching at your videos for months. After finishing, I cycle through your videos again. One reason is my small financial vocabulary for which I'm trying to learn more words and concepts and still the confidence hasn't overpowered the hesitation.

@SmooveLikEjaz 8 ай бұрын

Very enlightening thank you

@billjennings5636 9 ай бұрын

Had this exact convo with a plumbing buddy of mine 2 weekends ago. Love this. I'll hit back in 6 months and post the checkup.

@bibifatma2517 9 ай бұрын

Would wait to know the post 6 months checkin

@devankurmitra4118 9 ай бұрын

Same someone pl like this comment if he ever posts a update

@snarahnicolas 8 ай бұрын

Same here ! Plz like the comment so I can know thé result!

@GeNelly 3 ай бұрын

Update?

@haarreh1812 3 ай бұрын

6 Months later, how did it go?

@Forwardthinkingjosh 8 ай бұрын

I LOVE this so much! I'm structuring 0% seller finance deals to purchase real estate everyday! How does this paperwork look like? I imagine a pretty straightforward agreement between Business owner and buyer of said equity? then just notarize? Thanks for tall the value!

@NathanHarrison7 7 ай бұрын

Awesome! Talk about step by step. More practical, then Harvard business school? Probably!

@robsgarage4746 8 ай бұрын

Mrs.Codie you should go on the lecture circuit at high schools to teach students about fiscal responsibility and entrepreneurship. You could be a role model for all female students and show them the sky's the limit.

@petekooshian5595 8 ай бұрын

Unfortunately that's largely up to school boards so that depends entirely on whether they WANT entrepreneurs in a system designed to create factory workers

@mattjoseph2239 8 ай бұрын

Good value Amiga!👌

@seanwieland9763 9 ай бұрын

17:54 ok, but what about *before* you find these people! How do you find businesses to buy, especially if the “checkbook” (small businesses you write checks to) doesn’t exist for you?

@clementekpo7606 8 ай бұрын

Much value 💎

@A.M.Inspiration 8 ай бұрын

Awesome, the best thing I learned today

@benreiltd.2528 Ай бұрын

This is BBE structure Great motivational content. Thanks

@luxorasmodeus 9 ай бұрын

Thanks for ur videos. So much valuable info ))

@OHANA-Beach-Suites 9 ай бұрын

Codie is so talented so driven so focused so inspiring! LETS GO ENTREPRENEURS!!!❤❤❤

@albaserrano9525 Ай бұрын

Great idea

@AghiadFaddah 9 ай бұрын

As usual thanks 🎉

@mayankgulati1973 9 ай бұрын

i lkied your idea can you make video in detail where you can show how to scale and grow the business bought

@bobd4297 8 ай бұрын

I never thought about it this way. So grateful to find you. Inspiring and I want to learn more

@donaldlove4039 9 ай бұрын

Her edits are insane!!!

@jorgehuerta27 9 ай бұрын

subscribed!!!

@brycejones9061 7 ай бұрын

It’s a healthy thing to “cringe” at your old self because It shows growth and maturity. So right on girly keep up the amazing work you do! 😁🤩🫡💪

@iwant2stayhome 9 ай бұрын

Crazy!! There are three business we can purchase in the future and double the revenue.

@israelquito3072 9 ай бұрын

WOW I REALLY LOVE YOUR VIDEOS CODIE,THANKS FOR YOUR TEACHINGS!!🙂👍🙏🙏

@sunrisesunset8843 4 ай бұрын

Codie, you can add value to your business model. Look at the franchising industry. There are plenty of franchisees who bought franchise stores and not doing much and want to get out. if franchises were sold to their customers rather than one franchisee, they would be a hell of lot more profitable as the customers have equity in the business. say a pizza business was for sale at $300,000. It's better to have 1000 customers invest $300 each, than $300k from one franchisee, and you would have an extremely profitable business.

@InfusionsoftPartner 9 ай бұрын

Love it!

@abovelovevibrations 4 ай бұрын

I need to make relationships! I do everything myself lol ❤ i know this would work! Especially where i am! I know a ton of people but im not close enough to them to have these conversations! So i cant venmo it but i can go back to people i used to hang with that are now struggling small business owners and help them! And it helps me too! Win win

@kalpavriksha666 2 ай бұрын

People speaks make others millionaires here you proved what strategy you speak you implemented and create 26 companies that is great any river or sea is drop of water which become sea like that you said have one customer will make 100x great strategy.

@danielmurray7084 4 ай бұрын

Lover her drive n attitude

@m5partners 9 ай бұрын

TY Codie

@Simon6oz 8 ай бұрын

thx forv info

@Fityours 8 ай бұрын

Learned more watching this vid than any business class.

@cliffordganaseb8748 9 ай бұрын

Best one yet

@cliffordganaseb8748 9 ай бұрын

Actually. This was more-ish... I need 44min minimum. 😅

@TheEmilewatson 8 ай бұрын

hey codie great video

@johnneedle8119 8 ай бұрын

Wow I wish I was smart this lady got it going on

@zelowatch30 9 ай бұрын

You're brilliant for someone so young.

@212121Omar 9 ай бұрын

So much valuable information and quality on editing in your Videos Codie, greetings from Honduras!!!

@CodieSanchezCT 9 ай бұрын

Thanks so much!

@carolopara6069 5 ай бұрын

@@CodieSanchezCTHi Codie!😊 You're such as an inspiration. Because of your content I would love learn more about private acquisition and buying a business process😍. How can I reach out to you if I find a deal for you? I think I might have deals coming up.

@M2345M 9 ай бұрын

Your videos are great, I noticed they are all geared towards people that have never done this before like myself. It would be very helpful if you spoke in simpler terms. I was an IT exec for 20 yrs but I don't know anything about buying business or the lingo. Watch "my first million" where he interviews the gal with the egg carton business. She explains it using simple terms that are easy to understand

@strongtv_creator 7 ай бұрын

You got my subscription

@elisabethstamm5178 9 ай бұрын

Looooveeeeeee youuuuuuu!!! 😘😘😘😘😘

@seanwieland9763 9 ай бұрын

Where do you find Boomers with businesses to sell in the first place? The motivation, vision, and deal structure is the *easy* part. The hard part you never talk about is how to identify the sellers to begin with! Help!

@pawlieblog7967 9 ай бұрын

Dude I don’t know if our cleaning services in Houston are going to be that upfront about how much they make per year. I pay mine in cash, so I’m not sure she has records of all her payments.

@ScreenPrintR 8 ай бұрын

I can do this. I started two or three businesses on my own. Business, breeds Business.

@ChristopherNguyen-of2gj 4 ай бұрын

i love your video

@KevinStClair-ln5ir 7 ай бұрын

I have more than 10 year's experience helping small business owners grow their businesess. Do NOT buy a business unless you know how to grow it...and if you know how to grow it. Also, from my experience...having to depend on small business owners for income is extremely hard because they're emotionslly attached to their businesess and have a hard time agreeing with taking the business into new areas of marketing, copywriting, systems, processes etc. Theres usually a reason there business is at its current state and its almost always due to the current owner's decision making. Good luck if you try this approach!

@mattportnoyTLV 5 күн бұрын

100%. I wouldn’t want to be in your shoes. Small biz consulting is an extremely challenging way to make money.

@CryptoX-kr3wu 7 ай бұрын

I spend most of my money on Amazon. Guess I’ll just call Jeff Bezos and make him an offer he can’t refuse. 😂

@leilaguimaraes1153 2 ай бұрын

😂

@damianzielinski71 8 ай бұрын

"Cause I'm a Dirty girl" was the best 😂

@sunrisesunset8843 4 ай бұрын

get some stats on your local fast food franchises and see what would happen if you had 1000 customers owning the business if they spent a certain amount in the business per week....say $20. what if was 5000 customers? try a subway store.

@Coconut_Stacks 8 ай бұрын

Umm 🤔 I can do this. Thanks for the video.

@messingwitheverything 7 ай бұрын

Amazing. 🤘Question: what must a contract like that cover?

@nywiechmann2739 9 ай бұрын

So this is the blueprint? If I'm understanding this correctly, me--- a lay person does not need to recruit or use a business broker right?? Please advise.

@seanwieland9763 9 ай бұрын

14:25 talk about how you got into private equity to begin with. How did you meet those people?

@christiandiorbarcelona3252 8 ай бұрын

Don’t get me wrong. I find this mind blowing but when I talk it to somebody who is in business. They told me it’s impossible that business owner would sell their business if not to pass into their sons or family members. How would they believe me as I’m getting started and I have not yet priveledged and have credit standing nor I own fancy cars they would believe me?

@FreedomPlaya 9 ай бұрын

Love you sister ❤ You are such an inspiration 💗

@chiraperera 9 ай бұрын

Love and like the way you described all these things. Thank you. I don't see the next step that anyone has explained on the KZfaq which is the legal part of the system. How do you make a contract and what are the legal side of the acquiring a business.. how that thing happen?

@ellu3304 9 ай бұрын

Mi favorita speaker 🙌🏼🙌🏼🙌🏼 Todos los días la escucho rumbo a mi trabajo de mínimo a la hora. Se que algún día tendré mi negocio 🙌🏼🙌🏼🙌🏼🙏🏽🙏🏽🙏🏽 More mujeres latinas como Codie por favorrrrrr👏🏼👏🏼👏🏼👏🏼💃🏾💃🏾💃🏾💃🏾

@ahamedularefin9426 6 ай бұрын

Thanks

@saalehijaz4912 9 ай бұрын

Blown away woth this concept 🤯. This is affiliate marketing ultra pro max 😂. It like Instead a business hire you to grow amd make money you hire a business to do same work, on you own terms as a boss and make that business generate money for you 😍

@bnl2284 7 ай бұрын

Question about the sweat equity deal: Let’s say someone agrees to give a % of the growth you realise for them in year one of the partnership, does this mean for year 2 that you get the agreed %/equity from the start or again after a certain amount of rev is realised? When does the other party give up their equity or is it only based on % of revenue/growth you realise for them?

@TaddyMason-rb6oj 7 ай бұрын

Who do you use for property management?

@MHGraphics.Studio 9 ай бұрын

i love to see codie in sharttank😊

@chan90s 8 ай бұрын

Why would someone agree for seller financing with a stranger ?

@dieterlesch 8 ай бұрын

This is basically just called (Growth) Consulting for Equity. Been done a billion times already.

@moneywithme8976 8 ай бұрын

what about HR where does that fit

@adamzolman5937 8 ай бұрын

Okay this makes sense but given that every business has different margins, how are you baking that into the deal structure?

@danyellejorgensen4970 8 ай бұрын

Funny, I naturally, already think this way! You had me until "the personal P&L review" though, and then you went into "jargon mode". Jargon + math turns into "wah, wah...wah, wah...wah, wah, wah".

@robertasimon5937 9 ай бұрын

You´re a legend. Thankyou

@dfabtv2240 9 ай бұрын

This is for if you have reputation (Business history) and good credit yes ?

@mrsdesireerose 9 ай бұрын

Love this. My question is, once you get it going how do you replace yourself so you can move on to the NEXT business?

@danf4447 8 ай бұрын

you cant. if you can replace yourself then that person has your skill set and doesnt need YOU and will find a way to kick you out of your own business. trust me on this.

@oracioflores9664 8 ай бұрын

@@danf4447smh come on dude lol

@oracioflores9664 8 ай бұрын

Hire from within or external. That’s up to you but one way is to also give someone a small % equity for them to run the business. Incentivize them to keep building the business while you just collect a check. That’s passive income.

@LoyceLeeber 8 ай бұрын

Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does lol.

@KarlyNoorda 8 ай бұрын

@FeFairy-nk7pw Thank you so much for this tip! Finding your coach was a breeze and I was really impressed with all the research I did on her credentials before scheduling a call. It's clear from her résumé that she's extremely knowledgeable and skilled, and I'm so excited to have the chance to talk to her!

@seritonintv 8 ай бұрын

it's hardr to do in canada. no one is willing to do seller finance where I am unless its with some amount of money upfront.

@sandragrasty3177 8 ай бұрын

Question. Why would the previous owner want to stay on as the operator but not want to be the business owner anymore? I guess he's getting paid is the operator now, while also getting paid for the business. Or it's a way for him to stay on a couple more years to leave things on a good footing before retiring. ??

@dailstancill720 8 ай бұрын

Looking for life insurance agency to buy...small or large book of business

@freshairla9758 9 ай бұрын

Take a look at 1:55 video. Oscar making more the a Million))If u r in finance with this much knowledge of math ,then i should call myself Bernard Baruch.

@SherifaNakalema 9 ай бұрын

This is great! I own a cleaning business and I think the challenge is good record keeping. How sure are you these small businesses will have good honest records?

@jasontryon1315 7 ай бұрын

So this venmo challenge is on Paypal and what is the other app or platform

@arresthillary9502 8 ай бұрын

What is your net worth?

@Undomesticated_amy 7 ай бұрын

When's the first payout? What's the payout terms?

@ishapeitsok 6 ай бұрын

ITS AT A M an M? phonetically M starts with e, em? lol love ya!

@remysantoro 9 ай бұрын

I don't buy anything from a small business, Long Island has pizza, restaurants, hair, nail and lots of construction. they dont want investors and they dont want to share profit. maybe you can help me and we can find people that are open to this type of investment.

@RAWDERSON 9 ай бұрын

Thank you 🙏 I appreciate you ❤

@Ntran0589 7 ай бұрын

Awesome

@vesnarajic5276 8 ай бұрын

I don't understand most of what you are talking about but i love coffee, just like you do. I work, I'm great caps operator, but not happy. This is why: I want to own a huge peace of land where I would work from 4am to 6pm, alone, without those who are telling me what to do,.. my customers would be kids, animals and old people.. I would run playground for them. Unwanted kids, unwanted animals and unwanted old people.. (closed in a house or apartments all day). Paradise: Kids love old people and pets, pets love kids and old people, old people love kids and pets. Together = Paradise. Food: I would ask restaurants to give us leftovers and that's the business that I would love to have on my huge peace of land. If anyone would love to steal my idea, you are welcome! Just give all of those who are mostly at home alone, while parents/owners at work, day after day.. give them Paradise! ❤