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#1112 Codie Sanchez On How To Get Rich During A Recession

The Pomp Podcast

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Do You Know if Your First Deal Will Bankrupt You?

The first deal should never bankrupt you, right? So if you're listening to this and 60 K is a lot of money, maybe your first deal is six K because you're going to make some mistakes for the first one. But now I look at basically five key things. One is, will it bankrupt me? Two is, does it have enough cash flow for me to be meaningful? Three is this business. Am I paying a multiple on profits? And it's anywhere from two to five X. That's just what I pay for small businesses.

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