Codie you are the best!! I bought my first business last year! On path to make 1.5mil in sales this year!!!with 100 💯 owner finance!
@freeflydenny
Жыл бұрын
What business did you buy??
@yudaw8494
Жыл бұрын
I am excited. Tell me more.
@prateekg123
Жыл бұрын
Where did you buy ?
@andrewsmith4285
Жыл бұрын
Would love to hear how you did this! Congrats btw that’s awesome!
@reyessuarez4978
Жыл бұрын
@@yudaw8494 what do you like to know?
@StevenHill-l6g
10 ай бұрын
Im a fan but this video is not good because it doesnt actually show "how to buy a buisness". The steps involved in detail. Structuring a deal, negotiation, the lawyer aspect in producing a contract, and then where to go after the buisness is purchased, all in all the steps involved to actually buy a buisness. Just talks about buying a buisness where they just shoot the shit together with no real outcome in learning how to buy a buisness.
@Tickzar
Жыл бұрын
Very practical information from Codie. From a checklist of buying a business, to HR, to financial, and score-carding the business. An entire operating system for buying and running a ‘boring business’.
@jray1461
10 ай бұрын
Ya’ll should have David C Barnett on as well regarding this topic of buying businesses. He’s not as well known as Codie, but he’s MUCH more of an educator on the topic, whereas Codie is more of an influencer. David is like a Neil DeGrasse Tyson of this field.
@infowazz
Жыл бұрын
I am so sick of being broke and not liking what I do. Once you get a taste of freedom its really hard to go back to 9-5. Her info is so solid. Due to my age I need to do something major. Buying a business is an amazing idea. Baby boomers are retiring and there are tons of biz out there. I do wonder if its important that the biz is nearby when you are starting out. Also i have no clue how to run any biz. A friend of mine from high school has bought and sold businesses. Back in the day he would have been "voted the least to be successful". Somehow he got into this and doing very well. Has like 40 businesses. Has bought and sold restaurants. Mindblowing.
@NWJF
7 ай бұрын
I get turned off when I hear cliches and buzzwords... "Retire early and travel the world"... You're prefacing your argument with something that is literally inarguable. OF COURSE nobody is going to say "no, I don't want to retire early and travel the world..."
@SimGunther
Жыл бұрын
Congrats! You've now replaced a 9-5 with a 12-12
@bruceolga3644
Жыл бұрын
@@KB-TAYLORL0L=Lucifer your Lord the actual one laughing...👁️🙈🙉🙊
@criticalsheep8
Жыл бұрын
More like adding work into your personal life in return your personal life disappears and gets replaced with work lol
@johnneedle8119
11 ай бұрын
I work 12 - 12 now making other people rich
@andyjm7122
Жыл бұрын
Wait, so she made close to a million dollars a year working in her job before she started buying & selling small businesses? How much of her network is actually from the latter? I'd like to get on board with what Codie is saying but this detail is quite important.
@Al_chemy_369
Жыл бұрын
One of the best ones by far guys! She was great and she knows her stuff. Really loved the no fluff just meat and bones of how it really works. You need to have her on again and have her focus on one or two businesses to dive deeper! Great work guys!
@Alex.Kalashnik
Жыл бұрын
Ten Steps to Buying a Business 22:30
@reginafisher9919
5 ай бұрын
I don't know why the algorithm all the sudden is pushing all these podcasts on me.
@JosephParrino-l8o
Жыл бұрын
A good deal box is putting a pizza store near college it worked every time for my dad it cost us $40,000 to put the store up that's the price of the equipment after five years that's all that pizza store for one-and-a-half million not bad for a man that didn't speak much English but he sent me. All private skulls education was important tell Dad even though he never got one he wanted his kids to have it
@chuqing99
Жыл бұрын
This episode is about buying a business. If you think about it, buying stocks is just buying a small part of a business, nothing really new here. It's all about how you analyze the business, which field you want to buy and what's a fair price.
@mattforman4972
Жыл бұрын
From the standpoint of understanding and analyzing the financials to determine what you believe the business is worth and what you feel is a fair purchases price it is similar to analyzing a publicly traded strocks. But with a business purchase you need to factor in things like what will the time commitment required weekly/monthly/etc to run the business, will you have employees, what can you improve after the purchase (business structure and expense reduction, systems to generate efficiencies, etc.). In total there is a lot more to consider in my opinion.
@Rockit181
Жыл бұрын
I've watched a lot of advisors on the internet, Codie is one of the best out there right now
@samoanirwin
Жыл бұрын
Love this Episode! Thank you !!! 1:06 - EBITDA - Earnings Before Interests Taxes Depreciation & Amoritization 28:58 Codie's 5 businesses she doesn't like to Invest In 1. Retail Stores, 2. Restaurants, 3. Hotels, 4. Amazon FBA 5. Consulting (key man risks)
@JosephParrino-l8o
Жыл бұрын
If you want to buy a laundromat the wise thing to do is get a job in a laundromat for 6 months learn the business then buy it
@snorttroll4379
Жыл бұрын
No because then you will be tempted to do the minutiae yourself. Better get someone else that has done that and give give them a portion of the business
@uncledodad
Жыл бұрын
Way to vague! 8k to millions! Give specific examples Oh thats right you need to-pay her for that info or you can just help her get rich on her channel while you hope your going to learn some nuts and bolts.
@janellejacob3799
Жыл бұрын
Fantastic video Everybody wants to be financially independent and live a better life.With savvy investing, an inexpensive lifestyle, and diligent budgeting, this is not difficult to do. I'm glad I realized early on that achieving financial freedom requires hard work.
@klynn6736
Жыл бұрын
Buy a business and loose 9- 5, but instead pick up 6am- 10pm
@zerotodeal
Жыл бұрын
On the subject of firing. It's important to me to be able to know what they excel at and offer a reference and a lead to a new position with a different company if I am letting someone go because the position just isn't a fit for them. I'll always strive for people first.
@virginiango8779
Жыл бұрын
I have been listening to Codie and finally decided to take action and found a business for 105K. I got the financials today and I’m learning/educating myself so I can make that business even better than what it is.
@tabethacarrasco9110
11 ай бұрын
How did you find it? Where did you look?
@leahogrady9388
7 ай бұрын
Do you have an update and how’s it going?
@reonwatching
Жыл бұрын
I always get a lot of truth and good concepts from Codie's down-to-earth words of wisdom. She is truly inspired and a gift we are fortunate to receive.
@tiffanyhayes4970
Жыл бұрын
Pp 0
@Darkeiser.7
8 ай бұрын
I don't have any unfair advantage. I must get into this game.
@Askadella
10 ай бұрын
What are the key factors to consider when looking to buy a business that can replace your 9-5 job?
@caleb88scott
Жыл бұрын
Everyone talks on becoming a millionaire and this and that, I don’t care about wealth. I want a business that makes me 4 grand a month. That’s all I need, then I just want to enjoy being alive, delegate tasks, and just drop off to work on my passion project business.
@WTF-sh4is
Жыл бұрын
I like her! I like the focus on control & strategy. Most investors miss that. Great podcast!
@suzetteboothe8370
Жыл бұрын
Wow, pure knowledge and I am learning about business development. Amazing knowledge from Codie. A excellent podcast.
@hydspirit
Жыл бұрын
Love her confidence and her no nonsense, ready to hands in dirt talk. Start with a Honda not a lamborghini 😂
@YumegakaMurakumo
Жыл бұрын
Already got my Honda. 👍🏼 Hondas are better. Japanese make better cars out of any country. Germany only comes second. Italian cars are just overpriced shit that breaks down. Fix It Again Tony. 🤣 Keep the lamb. I'll still have my Honda when I'm a billionaire.
@ravenhawk3603
Ай бұрын
I don't have a 9-5, I have a "when ever I need to leave the house to get to the jobsite on time till I get home" job. Blue collar. Saving up my 401(k) to hopefully buy a business someday..... time will tell.
@LidiaMullaev-sl6ql
Жыл бұрын
EOS is a cold & toxic leadership system - focus on teaching leadership characteristics of human integrity
@darlawrence9295
Жыл бұрын
49:21 If you want to teach a man to be a successful shipbuilder; the most important thing, is to teach them to yearn for the sea.
@BS0821
Жыл бұрын
Codie didn't seem to be a fan of Mindy... also there was a weird edit/cut around the whole moat talk lol
@ReAnnRing
Жыл бұрын
Love this woman! She thinks like me but 20 years younger and much smarter! Excited to follow Codie and learn!!
@MrKiNgTV-vn2bu
Жыл бұрын
Dont, see anything valuable to call anyone smart here. Never came across any video that would do so. They only speak about numbers and facts.
@joeachakji
Жыл бұрын
Love it ! Thanks for sharing all this insight. Hoping to own a few businesses with good returns in the future and have been following Cody for a while 🤩
@MustafaRasheed84
Жыл бұрын
Great content thanks a lot for sharing! I learned a lot. btw when you say EBITAaaaa it reminds me of Eric Cartman saying "respect my authoritaaaaa" you should totally make an Eric Cartman "Respect my EBITAaaaa" poster for your office. Been following Codie love her content :) thanks guys
@donnaa.ibelli5643
Жыл бұрын
I thought this too! lol
@JosephParrino-l8o
Жыл бұрын
I like what this girl Cody says it takes a lot of nerve to go from Wall Street to main Street wearing an apron but in an all-cash business all that cash is yours don't underestimate what a pizza store owner is making every year don't underestimate what a plumber that works for himself is making every year what a my father's busiest stores was next to a college we did $10,000 a daywhat a my father's busiest stores was next to a college we did $10,000 a day in cash God bless those college kids all they want to do is smoke pot and eat pizza
@funnellsites1557
Жыл бұрын
This show always gives me the warm and fuzzies for some reason..lol Such a calm and relaxed atmosphere ❤
@vivafamilia7867
Жыл бұрын
I live in the south and people out here are rich . self-employment's king.
@annmariealanes1373
Жыл бұрын
Codie mentions 25 questions to ask yourself when trying to get deal clarity. Where do I find these questions?
@nickbailey7429
Жыл бұрын
L10 has been awesome for us. We started with culture and mission before we started EOS so it’s been good. It wasn’t planned that way. It just happened, hahaha. God worked it out that way. We have been so blessed with tools and people he has given us.
@xijinpooh223
Жыл бұрын
How to turn your 9 to 5 in to a 24/7/365 without a foreseeable future security
@peterosullivan5611
Жыл бұрын
As a long-time advisor to distressed businesses, my rule is 33% will love the changes and excel, 33% will just keep going as is.. and 33% will depart - one way or the other. (it is usually 50/30/20 to be honest)
@ohyeahyeah8785
Жыл бұрын
Man this is very informative video on how to buy a cash flowing business 🤙🏿
@MichaelGolpe
10 ай бұрын
Codie brings intense value to every interview she does. Great questions from the hosts let her skills shine.
@arielguzman2875
Жыл бұрын
Amazing content. Exactly what I was looking for since I’m looking to get started in this game
@leebstill
Жыл бұрын
I'm actually in the process of this right now after helping a client with 2 acquisitions & I'm kicking myself in the butt that I didn't think of it before 😩 but so far so good
@theresaa.2765
Жыл бұрын
Hi, are you currently pursuing buying businesses now? And what is your role with the acquisition?
@leebstill
Жыл бұрын
I settle on my purchase next week & Im a CPA. I first helped a client purchase 2 other businesses last year & early this year by going through the financials for them. Then I decided to buy out another CPA firm that is retiring
@snorttroll4379
Жыл бұрын
Codie sanches sounds like a fake guru. She swiped the material from someone provably.
@DimitarYanev87
Жыл бұрын
This is one of the best interviews I've ever watched! I'm definitely re-watching it again and again when I get a chance to. Love it, thank you all!!
@WealthEngineering
Жыл бұрын
The amount of value packed in this barely 1hr podcast is AMAZING!!!! Shoutout to the interviewers for their amazing questions and the Host for having those pocket size answers that are clear consist direct straight to the point and makes it easy to understand. This is one of the BEST podcast i've heard this year.
@theproperfix
9 ай бұрын
"Last week I bought a Video Production Company" 💸 Last week I bought groceries ..LOL !!!
@CodyRomingerBasketball
Жыл бұрын
The key here is she left her "high paying job". So she could do this. If you are paycheck to paycheck it will probably never happen.
@malindaproperties
10 ай бұрын
I agree. Few in that situation will take or be able to take the leap.
@yergosly
Жыл бұрын
Really glad Codie you drew distinction between leader & manager!
@simsammalinao1823
Жыл бұрын
Codie is so young and wise. She provides the best business advice for less capital.
@mt-nv4jd
Жыл бұрын
At 40:00 he said, let me ask you a hard question. I think for Codie there are no 'hard questions.'
@ibrahimajaiteh-wl9zo
11 ай бұрын
❤❤❤❤❤❤❤Amazing i am looking for work in the Real Estate marketing i live in west Africa the Gambia 🇬🇲 in small village Bwiam
@Kornheiser10
11 ай бұрын
Why doesnt Bigger Pockets bring on people who failed, because this show is repleat with only Survivor Bias. People would learn more from the business owners who are having to sell their businesses for allegedly pennies on the dollar....remember you're buying what someone else doesnt want....🤔
@charlieromeo5340
Жыл бұрын
Takes too long to get to the point.
@peacedi68
Жыл бұрын
Great podcast. She's great. So impactful to my life.
@Straightup12
Жыл бұрын
I do not live in a big city and im not really close to a big city.. population is probably 350k-500k. Do you think it’s possible to find great opportunities to buy businesses??
@daisy_naples
Жыл бұрын
Best episode ever! Very interesting, lots of information!
@Piruzgrooves
Жыл бұрын
Go Birds! Love your daughter's pic! Cody is great. Awesome Content!! Thank You!
@snorttroll4379
Жыл бұрын
Ebitda is a stupid number. It doesnt tell you anything real. You have to pay amortisation and depreciation. Like wtf
@stevenreynolds6697
11 ай бұрын
It's balance. We need rest too. I will teach you more. We have to walk by faith not by sight. Most want to see facts and they are good but God wants to do miracles that we see that blows your mind. He has blown my mind. And He loves people and we can love one another!
@L-M-O-1
Жыл бұрын
I sure as hell would say no to Bill Gates. My happiness is not dependent on what you have. It's ok if you don't have billions. If you're disgusting in your core, I can't be with you. There are far more men with less resources that are still far more than abundant that are better looking & have better characters. Yes, to real women, your character matters cuz when we're old together, I gotta be able to stand you at least a little bit
@infowazz
Жыл бұрын
Like most everything you have to be careful who you hire. I worked at a pizza place that made the best pizza near Buffalo, NY. The owner stopped by like once a week and he handed over the keys to some shady guys to run the place. They pocketed half of the money. Eventually the place went out of business. Their pasta dishes were sub par. It was all about the pizza and did great during the 80s and 90s. It would still be around if they had better options and honest employees. Their competition down the street is still around and run by a happy family. This place was run by an Indian guy who was an absentee owner who probably had other biz.
@kimsadowski4058
Жыл бұрын
I want to ask Codie this...what's her list of actions/inactions that she would fire someone for after 30-60-90 days? I am accountant who would love longevity with a company, but we get recycled a lot.
@garyschomberger2291
Жыл бұрын
Sure this guy is a fine human but damn he's and an awful intervewer. I hope he get's lessons, and starts to take his job seriously! There is hop but it's low for me right now.
@KardashevSkale
Жыл бұрын
We wanted to listen in on something new. But dude keeps showing off on how he knows everything. 25:06 we don’t want to learn from you today dude. Let her knowledge have the floor, that’s why you brought her on.
@brandonallen9853
Жыл бұрын
Please tell me how I can find dependable angel investors for my business purchasing ventures?
@kimsadowski4058
Жыл бұрын
What I am seeing out here in the midwest is, if gross revenue/employee is not 250K and up, then dedicated finance & accounting arms are not affordable.
@Allan_A
Жыл бұрын
Cody much better here then on her channel! Great job bigger pockets team 👏
@Heyitsmicjames
12 күн бұрын
What’s up with the vampire teeth …?
@Active-gm9gg
10 ай бұрын
No recession is coming. There has been fear about the big bottom for 7 plus years. The 10 year cycle is not true anymore.
@anaaguilar7263
Жыл бұрын
I would love to take her course and it is out of my price range wondering how else to educate myself and keeping myself accountable
@michellewalker7149
8 ай бұрын
At the end, she mentioned free newsletters on her website. This is where I plan to start learning more. Good luck, 😊
@JCarm-o60
Жыл бұрын
I loved this interview; Codie Sanchez is one of my heroes! Does anyone here-with actual experience-know what percentage of seller financing is “common”? (50% down; 50% financed or something different?) I know that there are outliers, but what’s the common range of seller financing?
@kinglion6197
11 ай бұрын
Wow im just 14mins in this video and my questions re like directly being answered,
@thenichmoreno396
Жыл бұрын
Hello! Very good info. I do not see the podcasts numbered. Can you link the liquor store podcast.
@stickjr.3715
Жыл бұрын
There are fewer jobs because of self checkout. And I'm not trying to be employee of the month or held accountable for accidental theft because it didn't scan.
@darrenstango9376
Жыл бұрын
its funny that not alot of people know about buying existing businesses,there so focused on starting the own first business but 90% fail in the first year...i do think more and more people should be aware of buying an existing business that has been around for a long time, its all about the lindey effect, the longer its been in operation the higher chance it will still be around
@Cleptomancer
Жыл бұрын
LMFAO @31:24 If you're gonna start driving learn on a Honda, but day one you get a Tricycle🤣
@rickjason1786
11 ай бұрын
Ebitda is not scary. It's just earnings -expenses.
@luyabell76
Жыл бұрын
They said this is only for a small percentage of people, just a few can actually do this, would that mean those who are already doing it?, ones with a lot of money to invest? Or just meaning those with the drive to do it?
@arthurkineard7356
Жыл бұрын
It is funny I want to buy a resort in Turkey. Everything she doesn't want to invest in. Hotels and restraints all under the same roof.
@brentstenson3114
8 ай бұрын
I’ve watched Cody a lot. Never disappoints.
@David-sq2en
Жыл бұрын
Sounds like you dont fully understand amazon's FBA
@TheHandyJeff
Жыл бұрын
Honestly, I would love to buy a business that could replace my 9 to 5. What I’d there isn’t a business for sale in my area? Would you look for online businesses? Where would you look?
@vanessa12342able
Жыл бұрын
Hello no. Having your own business you have to work everyday 😂
@darrenstango9376
Жыл бұрын
maybe its because im too nice but the letting people go im too nice but i know it has to be done especially to help the business move forward
@abclawnworks9127
Жыл бұрын
I can name several country wide landscape businesses….
@lyndabennett1ify
11 ай бұрын
So how do ypu buy these businesses? And what capital do you use?
@lacantara23
Жыл бұрын
This was great ..Codie starts out the usual route at Goldman Sacks 😂 let me guess sweeping and moping the floor’s after hours…it feels like she’s really talking beyond most people’s comprehension of what buying a business entails ..not everyone is made for this type of acquisition you need skills …the average maid, busboy, retail person, bus driver/Uber driver, warehousemen or ordinary working class person who’s trying to make ends meet lacks capital or wherewithal to make this work..it’s an interesting proposition to say the least and she’s very skilled at selling it but in all honesty not very practical -IMO!
@tracirogers9719
Жыл бұрын
Where can we find a list of these small businesses owned by baby boomers?
@travisgrenke
Жыл бұрын
23:00. Steps
@MrKiNgTV-vn2bu
Жыл бұрын
She even put financing a business on 7th place...lol
@hannahviolet927
Жыл бұрын
Hi! 22yr old here coming from a working class family. To get the financial background and education on how to make a business work, do I go to school? What do I major in? I really have no background from my family in this but I would love to own my own businesses.
@johanmeijer133
Жыл бұрын
Good news Hannah! You probably have enough education already. Especially if you passed your algebra classes. People skills is what you will need most of all. And then just do it!
@ryankeenan351
Жыл бұрын
Great episode !
@dbdouglas
Жыл бұрын
Bean-counters never are successful in the long-run.
@Journeywithgailc
7 ай бұрын
She is the definition of Brains and Beauty!!
@fatboy117
Жыл бұрын
Anyone can recommend a good "how to buy a business book?
@lvchrislvchris6153
Жыл бұрын
This is some great advice thanks so much Cody your awesome 👏
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