2min chapter

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

The Pomp Podcast

CHAPTER

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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