Buying Small Businesses with Codie Sanchez

Start to think about yourself as a portfolio manager instead of an individual expert. On today’s episode, we talk with Codie Sanchez, investor and business founder on how you can diversify your portfolio and invest in small businesses. There are 2.5 million small businesses for sale and buying one can give you huge returns. We discuss with Codie how women can get started in investing or buying small businesses, how to evaluate businesses for sale, what to look for in a profitable business and what industries to stay away from, and the mindset shift needed to be successful in this space. Codie also shares with us resources you can use and steps you can take right now. Codie Sanchez is a Managing Director and Partner at Entourage Effect Capital, a growth equity firm focused specifically on investing in the legalized cannabis industry. She is the founder of Contrarian Thinking series, a weekly email on followed by 100k+. She is also a co-founder of Unconventional Acquisitions, a firm focused on small business acquisition and teaching others how to execute on micro-PE. Prior to EEC she led and built out First Trust's $1 billion+ AUM business in Latin America Investments and held leadership positions at Goldman Sachs, State Street, and Vanguard. She started her career as a journalist where she won the JFK award and the Howard Buffett Foundation grant for covering human trafficking. Sanchez is a pundit and columnist on investing, cannabis and startups, highlighted on CNBC, Fox, The Today Show, Forbes, Fast Company, Entrepreneur, People en Español and Business Wire.   On today’s episode, we discuss a ton with Codie including: How you can get started in buying a small business How small business can be a great way to diversify your portfolio Ways to structure the acquisition to minimize the work involved Why you should think of yourself as a manager of portfolios and not just a real estate investor Which industries to stay away from Books/Resources Atlas Shrugged by Ayn Rand Contrarianthinking.co Unconventionalacquisitions.com Unconventional Acquisitions Mastermind Learn How to Buy a Small Business Valuation & Due Diligence Course Use code: investher25 for 25% off online courses Contact Information Instagram - codiesanchez   In The Only Woman in the Room, 20 incredible women share how they were able to achieve financial freedom in a world historically dominated by men. From residential to commercial, this book is packed full of knowledge and inspiration on all facets regardless of where one is in their real estate investing journey. Our passion behind this book is to help women secure a financially strong future especially during these unprecedented and uncertain times.    The early reviews for The Only Woman in the Room - Knowledge and Inspiration from 20 Successful Real Estate Women Investors have been amazing!    “Throughout my career there were multiple occasions where I have stood as the only woman in the room.  This powerful book is a must read and I only wish it had been available early on in my career!”  -Barbara Corcoran  Founder of The Corcoran Group  You will learn TONS of tips, strategies and “hacks” to implement immediately in the following areas:  Creatively finding and financing deals Getting started  Scaling a multifamily portfolio Raising private capital Marketing Construction Management  And Much More!!   BUY THE BOOK NOW! https://therealestateinvesther.mykajabi.com/book InvestHER Community Our mission is to support and inspire women real estate investors around the globe to live a financially free and balanced life. We are dedicated to creating empowering online and in person communities where women have a non-intimidating environment to ask questions and receive the support they need. Our vision is to see all woman investors achieve her financial freedom goals on her own terms. How To Join the InvestHER Movement   1)  The Real Estate InvestHER Podcast - The weekly show details the journey of some of the most amazing women real estate investors around the world, who open up their lives and share practical and strategic tools for growing a rental portfolio, flipping houses and the mindset that allows them to run a successful investing business while taking care of their families and most importantly taking care of themselves.    Subscribe via Itunes  Subscribe via Android  Subscribe via Stitcher 2)  InvestHER Community on Facebook  We have 2k+ members in our Facebook InvestHER Community (and growing!) 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