Want To Get Rich, Don't Start A Business (Do This Instead)

Рет қаралды 305,807

Күн бұрын

Download Hubspot's Free Financial Planning Templates Here 👉 clickhubspot.com/s3o
Want to learn how to buy a business? (Free Consult): contrarianthinking.biz/youtub...
Get the guide that tells you this step-by-step for How to Buy a Biz for $0 here ➡️ contrarianthinking.biz/buyfor...
And if you're really interested in buying a business, we have a full course on it! contrarianthinking.biz/3MUTIQC
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WHAT BROUGHT ME TO KZfaq: I worked at Goldman Sachs, in Private Equity, and built up a $100M holding company. But after being in Wall Street for so long, I got tired of managing hundreds of millions for the rich. Investing was for the few not the many. F that. You all are the reason I do this. We as a society need to get rich together. My mission is to create 100,000 business owners, I hope you’re one.
🚨FREE investing and money Newsletter to 750k+: contrarianthinking.biz/yt-lg
💸If you have a startup you want $ for: www.contrarianthinkingcapital.com
🤝If you want to sell us your small business: www.mainstreethold.co
📸 Instagram - / codiesanchez
🐦 Twitter/X - / codie_sanchez
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Check out my other favorite videos! 🔽
• Businesses that Always...
• The Richest People In ...
• 9 Things to Stop Doing...
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00:00 - How To Find A Business To Buy
03:53 - Are YOU Ready To Buy A Business?
6:35 - 10 Acquisition Entrepreneur Mindset Pillars
10:48 - The Venmo Challenge
15:00 - The Personal P&L Review
18:34 - Rolodex to ROI
26:08 - DON'T DO THIS
29:20 - 9-5er Strategy
34:54 - Social Media
40:24 - Databases
43:01 - Networking
46:06 - Expertise to Equity
48:24 - Creating Acquisition Habits
55:21 - How To Track Your Deals
58:00 - How Long Will It Take
1:00:06 - How To Buy A Business In Different Countries
1:08:05 - What If You Have A Lot of Cash?
1:09:07 - Know What You Want
1:13:55 - The 10 Steps To Buying A Business
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The BE AN ADULT SECTION 🤗
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: 464

@lunguyen1073 3 ай бұрын

After watching Codie videos. I bought $1M business with 50k (5%). After 4 months of being business owner (today), I’m kinda addicted to search another business to buy. Thank you

@CodieSanchezCT 3 ай бұрын

What!! That’s amazing!! Email me the details I want to highlight you!

@daayemshehzad 3 ай бұрын

I wanna hear more about this!!

@jeniferjohnson374 3 ай бұрын

That's awesome! Where did you get the start-up money?

@yusufdinathful 3 ай бұрын

Interested to. Following……

@gauravsoni7775 3 ай бұрын

Hey ! I'm also curious about how to buy business& everything how to check this business is legal or fake please tell me .

@rickknutzen1290 3 ай бұрын

Yes to the live video of you talking to owners, reaching out to owners about buying their businesses. And how to buy if you have NO money!

@tonysilke Ай бұрын

It's sad how difficult things have become in the present generation. I was wondering how to utilise some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.

@PhilipDunk Ай бұрын

I understand how you feel. It's a little bit difficult to navigate things these days. You don't wanna lose whatever is left. I may suggest that you find a financial advisor who could give you thorough advice on how to go if you want to go the investment route. Also, the fact your business failed doesn't mean you should give up.

@Nernst96 Ай бұрын

That's right. I have tried many failed businesses and it's just a step further. Don't despair. But to add, if you do decide to use a financial advisor, it's best you use someone who understands your special needs and can work with you. I learnt this from experience before finally finding one I can stick with. Now I make six figures from my investments alone, and even more from my businesses.

@tonysilke Ай бұрын

Thank you for the advice. When you say financial advisor, are you talking about hedge funds? And how do I get in touch with one?

@Nernst96 Ай бұрын

Amber Dawn Brummit is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

@tonysilke Ай бұрын

Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

@Styledmicasa 3 ай бұрын

I’m on KZfaq everyday consuming minimum 1-2 hours of content to learn different skills and I just have to say, your content value with actionable, strategic steps that the person listening can take is leaps and bounds above others I watch. Thank you for this!!

@AERIUX 3 ай бұрын

Hey Codie - amazing video. Would love to see a real-time buyer conversation video. Keep up the great work.

@richhands5269 3 ай бұрын

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

@bstancel12 3 ай бұрын

Gotta throw some Alex Hormozi in there as well. Especially his videos from a few years ago. There is a ton of value and useful info, especially in those earlier ones. And My First Million as well.

@BallzOut684 3 ай бұрын

You left out Minority Mindset😂

@misterl0gic 3 ай бұрын

Myron Golden is good too.

@INSIGHTCO 3 ай бұрын

My first Million and Alex Harmozi are also good.

@mikkeldixoncareerbusinessa9217 Ай бұрын

I want to download all 5

@TomPolifka 3 ай бұрын

Codie your videos keep getting better. The quality of production and the content is insanely valuable. You're a gift to entrepreneurs.

@CodieSanchezCT 3 ай бұрын

Yay thank you!!! You are a gift as a builder!!!

@starwarslove11 3 ай бұрын

Love your content! I thing I am goi g to pioneer and hope you could focus on is large amount of single moms and women that are now just 50 or 51 and are ready to try to become business owners , make a ton of money and give back! We have the experience the wisdom and are less fearful ... How

@hockinghillsalive3624 3 ай бұрын

@@CodieSanchezCT I was just thinking the same thing! A real gift. 🙏🏽🙏🏽 I am grateful.

@ahmedhamed1092 2 ай бұрын

I saw a LinkedIn post of yours which motivated to find a business. I found an existing salon? , bought it, and now doing 2.5x in sales (8 months later)

@ExpandingMind Ай бұрын

Hi Ahmed... congrats... care to connect? Want to pick up your mind on this idea... may be we might learn something from each other... I'm also on LinkedIn... care to share your email? Thanks

@ifkq Ай бұрын

Awesome mate, great job. How hands on are you day to day in that business? Did you learn some big lessons since finding the business until now? Really impressive and inspiring.

@H2Oto369 3 ай бұрын

Cody, this video is an MBA in private equity, with CFA, 2 internships and 5 years of experience. You have NO idea what this content means to me, a person who’s 50 and now jumping onto the entrepreneurial wagon with loads of experience.

@gregpetrino1893 3 ай бұрын

Your advice is spot on and was thinking of doing the exact same thing with business owners in my local chamber of commerce and BNI. What business owner would not be open to growing their business without adding any additional costs; it’s a win-win for the potential consultant/equity investor and the business owner, the only caveat being a clear path to increased revenue and profits.

@foodbytheword6262 3 ай бұрын

Very dynamic video Codie! Very value added! I hope everyone that has watched it really understands that level of the information that you shared! $$$

@anastasiiapavlik2247 2 ай бұрын

Real-time buyer conversation, please! Thank you, Codie!

@clemencekopeikin2200 3 ай бұрын

This video is fire!! 🔥 Yes to more detailed instructional how to videos, including how to speak to business owners and you actually speaking to them.

@Christinme03 Ай бұрын

Would love to see a video targeting small rural communities - businesses to buy, businesses to start/avoid, how to make money in small rural towns. Thanks for your work!

@purplewingsz 3 ай бұрын

Codie, your content is exceptionally valuable even far across the continents! For people like me wo are sitting in India. Thank you for such valuable information. this is my probably 5th video from your channel. Keep it coming. Thank you!

@dangelotbcx3693 3 ай бұрын

Yes! a video of you buying a business live and thank you for the video ❤😇

@lamontjohnson2474 3 ай бұрын

Thank you for your transparency. It is refreshing to see someone be real about their experiences. Speaking to how failures create wisdom is golden.

@pythonyousufparyani8407 3 ай бұрын

@Codie Sanchez: Yes Yes. Please! We want to see you live buying businesses with owners. It will be a great show. Thank You :)

@Rouri8 3 ай бұрын

Agree!

@pythonyousufparyani8407 3 ай бұрын

@@Rouri8 Rana Al Malki: I have subscribed your channel. I am trying to find your LinkedIn Profile. What is your LinkedIn Profile so I can send you a connection request to you. It is very honour to know you.

@CodieSanchezCT 2 ай бұрын

Want to learn how to buy a business? (Free Consult): contrarianthinking.typeform.com/to/WBztXXID

@Mattbe72 3 ай бұрын

This video is just what I needed right now. I'm in the sourcing process for few months and started to lose hop to find businesses. Codie just gave me priceless pieces of advice I'm going to apply right now. Thanks a lot Codie, you are the best 🙂

@Andrew-yw4xs 3 ай бұрын

I’m just starting to look into this but getting really inspired. How’s it going so far?

@yeahweburnstuff 2 ай бұрын

Codie, thank you. I have the same necklace in silver! Your passion for getting the USA back on it's hardworking feet is inspirational! Bless you!

@user-uz3lu7dp7y 3 ай бұрын

Thank you so much Codie. Love all your content!

@johnc7792 3 ай бұрын

I'd love to hear put all that in action Cody! Thanks for all this great info.

@jeepsnow01 3 ай бұрын

Taking actions from this video should result in better results than passively looking. Been doing that for the last year and not happy about it. Thanks Codie!

@EcomCarl 3 ай бұрын

Great point on the potential of buying businesses as a pathway to wealth, especially with so many baby boomers retiring. The emphasis on mindset as a crucial factor in overcoming the initial hurdles is spot-on and encourages taking calculated risks with a solid strategy. 👍

@KimH007 3 ай бұрын

Yes, I would like a video of you negotiating with business owners. Thank you!

@theworldaccordingtogavin440 3 ай бұрын

Yes, please a video for what to say when reaching out to small businesses would be great!

@johnwright6403 3 ай бұрын

Freedom, I yearn for the kind of freedom she demonstrates! So excited to learn more!

@kennethElijah-du1ei 3 ай бұрын

Having multiple streams of income is a game-changer for financial stability. Relying solely on a job may not provide enough financial security due to high rates of tax It is important to explore additional investment opportunities to surpass one's expectations. May you find success as you read

@kennethElijah-du1ei 3 ай бұрын

This is not the first time I am hearing of this woman and her exploits in the trading world but I have no idea how to reach her?

@kennethElijah-du1ei 3 ай бұрын

I'm a beginner. How can i reach out Katrina Jornales?

@KatieWiseman-rk8ys 3 ай бұрын

Thanks Codie, my husband and I closed on a business in November with $0 down of our own money. We had to use SBA for that deal, but we just found an off market deal and we are hopefully going to be able to use seller financing.

@RelaxingsoundsbyMJ Ай бұрын

Codie You inspire me everytime . Thank you .

@genesedadzie236 2 ай бұрын

I am new to this channel and the idea of buying existing businesses. I have been binge watching her videos ever since ❤ cannot WAIT to put these tools into action!

@themichelleverbosh 3 ай бұрын

Thank you for making this!! ❤❤❤

@alexgarcia-ct1pg 3 ай бұрын

You're amazing! Thank you for the amazing content

@timsuntrup326 3 ай бұрын

Codie you are a true go-giver! Thank you for giving so much value!

@eyerollreviews 3 ай бұрын

Codie you are awesome!! Would love to see video of you making sales calls

@NOWFAITHTUBE 2 ай бұрын

I am still in the Beginning Learning stages. But I so appreciate you being willing to add the importance of keeping track of our actions to become accountable and develop consistency. And also Thankful for listening to just you only straight Teaching directly only. Thank you!! Some interviews are really insightful some are more so than others. Nonetheless we do appreciate you! Thank you

@kimberlyduhon9301 3 ай бұрын

Would love the video about actual convos with business owners you have. Thanks!

@jamuseme Ай бұрын

I'd love to watch live videos of buying negotiations. Becoming familiar with an unfamiliar situation gives you a real advantage.

@ShannonEBartlett 3 ай бұрын

So, I like to check in and catch up on Codie's videos..I was in for a surprise today! Class is in session. Thank you !

@5minswithme Ай бұрын

Thanks for mentioning Nigeria and using it as an example! I'm British Nigerian (Born and raised in England to Native Nigerian parents) . I'm currently looking for small British businesses to buy but have Nigeria in mind too. if anyone is in the UK and is buying and selling businesses , lets connect! Please and thankyou

@scottlazenby3258 3 ай бұрын

love👌👍👊 Codie....class girl!! Thank you, for everything!!

@TonyMoze 3 ай бұрын

Codie with the gems of knowledge 💡

@NOWFAITHTUBE 2 ай бұрын

Thank you. We thank God for your simplicity, sincerity, and intelligent ingenuity. Thanks so much!!

@LUISMARTINEZ-kw1bb 3 ай бұрын

Codie, amazing information. I had been looking for someone like you who could simple this game a bit.......will talk to you soon!!! thank you!!!

@admin-dl3dn 3 ай бұрын

Just to prove KZfaq works. I've watch you for years now... Finally Bought the course.

@Iris-2022 2 ай бұрын

I expected you to say you bought a business after that long!

@admin-dl3dn 2 ай бұрын

@@Iris-2022 I’m slow ;-)

@89DrFunk 3 ай бұрын

If this was easy everyone would do it. I have a ton of ideas bubbling up in my head from the tips you gave. Thank you for this video...

@viktoriaakhmedova5476 Ай бұрын

Wow, Codie! You are such a brilliant person and business woman!! Thank you!

@kevinphan811 3 ай бұрын

Crazy good value Codie. Hope to be a part of the Contrarian community in the near future. Thanks team.

@LennyTim 3 ай бұрын

Some are good to buy, some are better to start. :) cheers Codie

@eddiemalvin 3 ай бұрын

Great point. Before buying a business or franchise, you should always ask yourself... Can I simply copy this business and do it better?

@precinajimenez2068 3 ай бұрын

Hey Codie. I'm a newbie to your channel, and I feel as though I discovered gold. I own no business. I would be really interested in seeing you do a video on a business deal. Yes, please. 😊

@raffanyc855 3 ай бұрын

I’m looking forward to meeting you one day,every time I watch one of your videos I feel more confident of what my destiny is thank you for all the information you share 👍

@OnTheGrowWithRose 3 ай бұрын

10 Things: Know what you want from this? Courage - embrace some risk and know it might be hard Creativity - see an obstacle an be excited to find a creative way to solve it. Resilience - 80% Grit Resourcefulness - Optimism (optimists get rich, pessimists sound smart) Continuous learning - “Anyone who stops learning i sold, whether at 20 or 80. Anyone who keeps learning stays young.” - Henry Ford Your Why - create a compelling vision that keeps you going when it gets hard Dark why - what you dont want Light why - dream and freedom Pivot/Adaptability Patience - it will take you longer than you think

@mollybachert1654 Ай бұрын

I would love to see a video of your talking with owners and getting them to sell to you! This is so exciting 🎉❤

@Aleval828 Ай бұрын

I could listen to you all day...NO BS just truth!

@naturally4life 15 күн бұрын

Thank you! You are amazing. Codie you are a machine lol I had to listen in a slower speed. You are so good at breaking down things in a practical way. Blessings to you. Hands down best video I have ever seen!

@tawneeburton9414 2 ай бұрын

This is so helpful. We've wanted to break into small business for so long and had no idea where to start.

@rickettpicks3534 3 ай бұрын

Codie you inspired me to seek out a second business after buying out my father for my first one. I started the process of negotiating in July and had to get creative to come up with financing and finally closed in February of this year. I was spoiled with a 1M dollar seller financed loan and that business did 2M in sales my first year. Now my second was 320K and is projected for 700k in sales this year. I have put 0 dollars out of my own pocket to start both of them. I am on the hook for paying the loans obviously. The confidence you have put in me to "just do it" is what sent me looking to expand. I am so happy I did it. Both businesses are the same which has allowed me to have buying power and make more profit % from the start. After this one is fully switched over to what I do, I will be looking for a third. Thank you for your confidence. I don't have FU money yet but someday :).

@jtowensbyiii6018 3 ай бұрын

1m a year is more than 20x the average family income, that's fu money

@rickettpicks3534 3 ай бұрын

@@jtowensbyiii6018 That is excellent!!! I am VERY interested in what business you are in.

@anncl3983 3 ай бұрын

It would be amazing seeing from start to finish how u, unrehearsed, approach business owners. Even the choosing and initial call fascinates me. I could watch hours of that.

@theog6117 2 ай бұрын

Amazing value , thanks a lot Codie . Would be fantastic if you can record that live video you mentioned. Much appreciation : )

@arshadkhanarshadkhan4833 3 ай бұрын

You are best most effective knowledge you share in from India

@joelhinojosa6838 3 ай бұрын

Loved the video, want to see a video, scouting new business and buying them

@seancasey6984 3 ай бұрын

Yes! A video of you live buying businesses!

@wisteriavillage1 3 ай бұрын

I agree!!

@shanoodle131 3 ай бұрын

Hell yes to the video of you talking to an owner avout buying!

@cassandrasmall5189 3 ай бұрын

I have to save this and go home and take notes. I just discovered this 💎.

@esconsult1 3 ай бұрын

This is very helpful Codie. Thank You!! We are trying to find businesses to buy in Thailand. Same dynamics here... many older folks want to retire but their kids are not interested in the business.

@afrivox 3 ай бұрын

Kids nowadays don't want to break their backs for a dream too high to reach ...and I wouldnt blame them. Back then a guy doing lawns could afford a house, now it takes 2 doctors to buy the same house.😂

@jp641 3 ай бұрын

Yes please make a video on conversations with sellers/biz owners Looking at financials would be great too. Do you typically buy owner absentee businesses?

@fernandaflores8336 3 ай бұрын

Thank you for all the knowledge in this video. You are someone that I look up to. ♥

@gabrielkeczan 3 ай бұрын

i'd like to see your video talking directly to sellers, live, and closing deals.

@SpiritedMB 3 ай бұрын

Closed this with the most authentic reason to do this... FREEDOM. My close runner up that I think about often is that humans are CREATIVE beings and are happiest when they are creating. Tough to create working for someone else at a large corporation. Thanks for all of your great work.

@Libelle77 3 ай бұрын

You are that light in dark days! God bless you, Codie.

@curtismcdaniel6264 4 күн бұрын

Thank you so much Codie! You’re a blessing!

@gabrielkeczan 3 ай бұрын

Appreciate this entirely. I’m gonna execute this and let you know when I have gotten results 💪🔥🔥🔥

@andyzoll7029 2 ай бұрын

I have never thought about buying as my business. However from now on I will think about it

@pmarcus431 3 ай бұрын

You’re the best thank you so much. This is exactly what I’ve been stuck on. Thanks for your help

@ErikawithaK333 3 ай бұрын

Wow you are golden!!!! Watching now and looking forward to beginning the entrepreneurship journey. Thank you 🙏🏽

@kintijaulasa7583 3 ай бұрын

Yes ! I would like to see the video 🎉

@Peintureairless 2 ай бұрын

Great stuff, I love it, thank you

@travisopgenorth2024 3 ай бұрын

Thanks for all the valuable info you share. God bless you Codie. Looking to take that leap;)

@cindygranger4712 3 ай бұрын

Thank you, Cody! This is syllabus incredible thank you thank you thank you❤❤❤❤❤❤❤❤❤

@XavierRivera 2 ай бұрын

Fantastic video filled with lots of golden nuggets! Thank you 😊

@zanara28 3 ай бұрын

Thank you!❤

@ghostpeppered4524 3 ай бұрын

Wow Codie, thank you!

@kinchenchandler4619 3 ай бұрын

I would Love to see the live video’s of you talking to owners, please and thank you.

@colleenfuller9236 2 ай бұрын

Thanks … yes templates please.

@yard123go 3 ай бұрын

Codie, please send me the video of you talking to business owners. Love your content! 🔥🔥🔥

@gotbull19 3 ай бұрын

A video on looking at financials and knowing if the business makes sense to buy and the live would be great! How the process to do the due diligence as well would be helpful

@juliacallahan5336 2 ай бұрын

This is exactly what I need

@sophiashahid5139 Ай бұрын

Thank you so much. Really appreciate the honestly, could really connect with the things you mentioned.

@ChrisWilliams-zi2oi 3 ай бұрын

This is great, would love to see a reality series where you go through the entire process from A-Z

@Randomsadi 3 ай бұрын

Great ideas. ❤❤❤

@sweetdamaris1200 3 ай бұрын

Thank you so much Codie 😊

@dodouniquelife9725 Ай бұрын

Thank You Very Much ❤

@aliciaerby3862 3 ай бұрын

phenomenal content

@shakthidhasan4544 3 ай бұрын

Spot on Mdm Sanchez❤

@troooooper100 3 ай бұрын

"optimist get rich, pessimist sound smart" 😭 another quote i heard somewhere else... "Impatience with actions, patience with results"

@martywall6679 3 ай бұрын

I love your content and passion for sharing your knowledge. How do I find the Facebook group?

@ln11- 3 ай бұрын

Thank you so much for this informative video! Would love a follow up video on how you reach out to other business owners!

@jayleigh07 3 ай бұрын

I’d love a video of you live-pitching to buy someone’s business 👀 curious about handling objections and how you close the deal!

@patrickmckinnon5200 2 ай бұрын

Watching you negotiate a biz live would be awesome.

@Bluecollar780 3 ай бұрын

Love you codie! Your great human lol