Codie Sanchez: How to Get Rich Buying a Business No One Wants | Entrepreneurship | YAPClassic
Young and Profiting with Hala Taha (Entrepreneurship, Sales, Marketing)
The Fax Machine Test and Value-Add Opportunities
Hala asks why low-marketing businesses are attractive; Codie explains the fax machine test and opportunities to add marketing, systems, and measurements.
After years in high finance, Codie Sanchez watched investors chase flashy startups even though 80% of them failed. This made her wonder: Where is the 80% win rate? The answer led her to “boring” businesses, the small, steady cash-flow companies most entrepreneurs overlook. Today, she owns more than 26 companies and is one of the world’s top female business influencers, teaching others how to build wealth through contrarian entrepreneurship. In this episode, Codie shares how to acquire profitable small businesses using creative financing strategies that require little to no upfront capital.
In this episode, Hala and Codie will discuss:
(00:00) Introduction
(00:43) Codie’s Background and Path to Entrepreneurship
(09:46) The Contrarian Thinking Strategy
(19:07) Diversifying Income and Reducing Financial Risk
(26:29) How to Buy a Business with No Money Down
(32:12) How to Find and Acquire Profitable Small Businesses
(38:37) Simple and Profitable Business Selection Criteria
(45:03) The Best “Boring” Businesses to Start or Buy
(51:39) Entrepreneur Mindset and Daily Success Habits
Codie Sanchez is a former journalist turned investor and entrepreneur who spent over a decade climbing the ranks at major financial firms like Goldman Sachs, State Street, and First Trust. Today, she’s the founder of Contrarian Thinking, a top business and investing newsletter, and the co-founder of Unconventional Acquisitions, where she teaches entrepreneurs how to buy “boring” businesses and achieve financial freedom.
Sponsored By:
Indeed - Get a $75 sponsored job credit to boost your job's visibility at Indeed.com/PROFITING
Shopify - Start your $1/month trial at Shopify.com/profiting.
Mercury streamlines your banking and finances in one place. Learn more at mercury.com/profiting. Mercury is a financial technology company, not a bank. Banking services provided through Choice Financial Group, Column N.A., and Evolve Bank & Trust; Members FDIC.
Quo - Get 20% off your first 6 months at Quo.com/PROFITING
Revolve - Head to REVOLVE.com/PROFITING and take 15% off your first order with code PROFITING
Framer- Go to Framer.com and use code PROFITING to launch your site for free.
Merit Beauty - Go to meritbeauty.com to get your free signature makeup bag with your first order.
Pipedrive - Get a 30-day free trial at pipedrive.com/profiting
Airbnb - Find yourself a cohost at airbnb.com/host
Resources Mentioned:
Codie’s Newsletter, Contrarian Thinking: contrarianthinking.co/
Codie’s Program, Unconventional Acquisitions: unconventionalacquisitions.com
Active Deals - youngandprofiting.com/deals
Key YAP Links
Reviews - ratethispodcast.com/yap
YouTube - youtube.com/c/YoungandProfiting
Newsletter - youngandprofiting.co/newsletter
LinkedIn - linkedin.com/in/htaha/
Instagram - instagram.com/yapwithhala/
Social + Podcast Services: yapmedia.com
Transcripts - youngandprofiting.com/episodes-new
Entrepreneurship, Entrepreneurship Podcast, Business, Business Podcast, Self Improvement, Self-Improvement, Personal Development, Starting a Business, Strategy, Investing, Sales, Selling, Psychology, Productivity, Entrepreneurs, AI, Artificial Intelligence, Technology, Marketing, Negotiation, Money, Finance, Side Hustle, Startup, Mental Health, Career, Leadership, Mindset, Health, Growth Mindset, Passive Income, Online Business, Solopreneur, Networking
The AI-powered Podcast Player
