Skin in the Game: The Difference Between Equity and Ownership

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Every single person who works from me, even all the way down to my admin gets skin in the game. So that means that if they do X and Y and Z, they see how they can make more money directly. I don't think everybody wants to be an outright owner of a business. Everybody on my team always has had that. Some humans want to be in a business like my number two, my CMO.

In this new episode Steven sits down with founder, CEO and self-titled "Boring Biz" lady, Codie Sanchez

Codie starter her career as a JFK award winning journalist covering human trafficking. In a career change, Codie entered the world of finance, and is a former partner at private equity firm EEC, and built First Trust’s $1 billion+ AUM Latin America business. She is the Founder of ‘Contrarian Thinking’ and the Cofounder of ‘Unconventional Acquisitions’, which focuses on purchasing small or what Codie calls ‘boring’ businesses as a way to achieve financial freedom. Codie has appeared on CNBC, Fox, Forbes, Fast Company, Entrepreneur, People en Español, Business Wire.

In this conversation Codie and Steven discuss topics, such as: