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20min chapter
Codie Sanchez on Buying Boring Businesses and The Secret to Wealth
Never Enough
Navigating the Landscape of 'Boring' Businesses
This chapter explores the complexities of managing multiple businesses, focusing on the advantages of investing in traditional, low-risk ventures often overlooked by investors. The speakers share their personal insights and experiences in transitioning from private equity to owning businesses like car washes and laundromats, illustrating how smaller, manageable deals can yield higher profits. Through discussions on hiring challenges, business selection criteria, and the financial dynamics within various industries, they highlight the emerging appeal of simpler business models in today's entrepreneurial landscape.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode