The Goal Digger Podcast | Top Business and Marketing Podcast for Creatives, Entrepreneurs, and Women in Business 833: Why Isn’t Anyone Talking About This Secret to Building Wealth?!
Dec 9, 2024
Codie Sanchez, founder and CEO of Contrarian Thinking and author of 'Main Street Millionaire,' challenges conventional wealth-building strategies by advocating for the purchase of ordinary, cash-flowing businesses. She shares why there’s a golden opportunity for the younger generation to seize ownership as many retire. Codie discusses effective evaluation tactics for acquisitions and emphasizes the importance of recognizing one's value in business negotiations, aiming to empower listeners on their financial journeys.
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Buy Solutions, Not Problems
- To build wealth, shift from solving problems yourself to buying solutions.
- This could involve acquiring businesses, email lists, or hiring experts.
A Golden Opportunity
- The current market presents a unique opportunity for acquiring existing businesses.
- Baby boomers are retiring, creating a supply of businesses and younger generations seek ownership.
Business Examples
- Codie Sanchez presents three business examples: a restaurant, a trash compacting business, and a candle company.
- She analyzes their profitability, scalability, and potential for growth.
