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Codie Sanchez: How to Get Rich Buying a Business No One Wants | Entrepreneurship | YAPClassic

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Manage episode 516877589 series 2374135
Content provided by YAP Media Network, Hala Taha | Entrepreneurship, and Marketing | YAP Media Network. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by YAP Media Network, Hala Taha | Entrepreneurship, and Marketing | YAP Media Network or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

After years in high finance, Codie Sanchez watched investors chase flashy startups even though 80% of them failed. This made her wonder: Where is the 80% win rate? The answer led her to “boring” businesses, the small, steady cash-flow companies most entrepreneurs overlook. Today, she owns more than 26 companies and is one of the world’s top female business influencers, teaching others how to build wealth through contrarian entrepreneurship. In this episode, Codie shares how to acquire profitable small businesses using creative financing strategies that require little to no upfront capital.

In this episode, Hala and Codie will discuss:

(00:00) Introduction

(00:43) Codie’s Background and Path to Entrepreneurship

(09:46) The Contrarian Thinking Strategy

(19:07) Diversifying Income and Reducing Financial Risk

(26:29) How to Buy a Business with No Money Down

(32:12) How to Find and Acquire Profitable Small Businesses

(38:37) Simple and Profitable Business Selection Criteria

(45:03) The Best “Boring” Businesses to Start or Buy

(51:39) Entrepreneur Mindset and Daily Success Habits

Codie Sanchez is a former journalist turned investor and entrepreneur who spent over a decade climbing the ranks at major financial firms like Goldman Sachs, State Street, and First Trust. Today, she’s the founder of Contrarian Thinking, a top business and investing newsletter, and the co-founder of Unconventional Acquisitions, where she teaches entrepreneurs how to buy “boring” businesses and achieve financial freedom.

Sponsored By:

Indeed - Get a $75 sponsored job credit to boost your job's visibility at Indeed.com/PROFITING

Shopify - Start your $1/month trial at Shopify.com/profiting.

Mercury streamlines your banking and finances in one place. Learn more at mercury.com/profiting. Mercury is a financial technology company, not a bank. Banking services provided through Choice Financial Group, Column N.A., and Evolve Bank & Trust; Members FDIC.

Quo - Get 20% off your first 6 months at Quo.com/PROFITING

Revolve - Head to REVOLVE.com/PROFITING and take 15% off your first order with code PROFITING

Framer- Go to Framer.com and use code PROFITING to launch your site for free.

Merit Beauty - Go to meritbeauty.com to get your free signature makeup bag with your first order.

Pipedrive - Get a 30-day free trial at pipedrive.com/profiting

Airbnb - Find yourself a cohost at airbnb.com/host

Resources Mentioned:

Codie’s Newsletter, Contrarian Thinking: contrarianthinking.co/

Codie’s Program, Unconventional Acquisitions: unconventionalacquisitions.com

Active Deals - youngandprofiting.com/deals

Key YAP Links

Reviews - ratethispodcast.com/yap

YouTube - youtube.com/c/YoungandProfiting

Newsletter - youngandprofiting.co/newsletter

LinkedIn - linkedin.com/in/htaha/

Instagram - instagram.com/yapwithhala/

Social + Podcast Services: yapmedia.com

Transcripts - youngandprofiting.com/episodes-new

Entrepreneurship, Entrepreneurship Podcast, Business, Business Podcast, Self Improvement, Self-Improvement, Personal Development, Starting a Business, Strategy, Investing, Sales, Selling, Psychology, Productivity, Entrepreneurs, AI, Artificial Intelligence, Technology, Marketing, Negotiation, Money, Finance, Side Hustle, Startup, Mental Health, Career, Leadership, Mindset, Health, Growth Mindset, Passive Income, Online Business, Solopreneur, Networking

  continue reading

672 episodes

Artwork
iconShare
 
Manage episode 516877589 series 2374135
Content provided by YAP Media Network, Hala Taha | Entrepreneurship, and Marketing | YAP Media Network. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by YAP Media Network, Hala Taha | Entrepreneurship, and Marketing | YAP Media Network or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

After years in high finance, Codie Sanchez watched investors chase flashy startups even though 80% of them failed. This made her wonder: Where is the 80% win rate? The answer led her to “boring” businesses, the small, steady cash-flow companies most entrepreneurs overlook. Today, she owns more than 26 companies and is one of the world’s top female business influencers, teaching others how to build wealth through contrarian entrepreneurship. In this episode, Codie shares how to acquire profitable small businesses using creative financing strategies that require little to no upfront capital.

In this episode, Hala and Codie will discuss:

(00:00) Introduction

(00:43) Codie’s Background and Path to Entrepreneurship

(09:46) The Contrarian Thinking Strategy

(19:07) Diversifying Income and Reducing Financial Risk

(26:29) How to Buy a Business with No Money Down

(32:12) How to Find and Acquire Profitable Small Businesses

(38:37) Simple and Profitable Business Selection Criteria

(45:03) The Best “Boring” Businesses to Start or Buy

(51:39) Entrepreneur Mindset and Daily Success Habits

Codie Sanchez is a former journalist turned investor and entrepreneur who spent over a decade climbing the ranks at major financial firms like Goldman Sachs, State Street, and First Trust. Today, she’s the founder of Contrarian Thinking, a top business and investing newsletter, and the co-founder of Unconventional Acquisitions, where she teaches entrepreneurs how to buy “boring” businesses and achieve financial freedom.

Sponsored By:

Indeed - Get a $75 sponsored job credit to boost your job's visibility at Indeed.com/PROFITING

Shopify - Start your $1/month trial at Shopify.com/profiting.

Mercury streamlines your banking and finances in one place. Learn more at mercury.com/profiting. Mercury is a financial technology company, not a bank. Banking services provided through Choice Financial Group, Column N.A., and Evolve Bank & Trust; Members FDIC.

Quo - Get 20% off your first 6 months at Quo.com/PROFITING

Revolve - Head to REVOLVE.com/PROFITING and take 15% off your first order with code PROFITING

Framer- Go to Framer.com and use code PROFITING to launch your site for free.

Merit Beauty - Go to meritbeauty.com to get your free signature makeup bag with your first order.

Pipedrive - Get a 30-day free trial at pipedrive.com/profiting

Airbnb - Find yourself a cohost at airbnb.com/host

Resources Mentioned:

Codie’s Newsletter, Contrarian Thinking: contrarianthinking.co/

Codie’s Program, Unconventional Acquisitions: unconventionalacquisitions.com

Active Deals - youngandprofiting.com/deals

Key YAP Links

Reviews - ratethispodcast.com/yap

YouTube - youtube.com/c/YoungandProfiting

Newsletter - youngandprofiting.co/newsletter

LinkedIn - linkedin.com/in/htaha/

Instagram - instagram.com/yapwithhala/

Social + Podcast Services: yapmedia.com

Transcripts - youngandprofiting.com/episodes-new

Entrepreneurship, Entrepreneurship Podcast, Business, Business Podcast, Self Improvement, Self-Improvement, Personal Development, Starting a Business, Strategy, Investing, Sales, Selling, Psychology, Productivity, Entrepreneurs, AI, Artificial Intelligence, Technology, Marketing, Negotiation, Money, Finance, Side Hustle, Startup, Mental Health, Career, Leadership, Mindset, Health, Growth Mindset, Passive Income, Online Business, Solopreneur, Networking

  continue reading

672 episodes

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