BigDeal BigDeal presents: Codie Sanchez on The Hustle Daily Show
6 snips
Jul 2, 2025 
Codie Sanchez, an entrepreneur and investor with a background in journalism, dives into the world of often-overlooked small businesses. She highlights the profitability of 'boring' ventures like laundromats, sharing personal anecdotes and effective management strategies. Codie also presents a playbook for navigating the first 90 days after acquiring a business, emphasizing the importance of financial analysis and employee engagement. Additionally, she discusses smart pricing strategies and the potential of investing in traditional service industries over tech startups.
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Codie's Laundromat Success Story
- Codie Sanchez's first profitable business was a laundromat bought for $100,000 with $67,000 profit.
- Although some deals failed, like a fraudulent outsourced VA business, laundromats taught her the power of simple, cash-flowing enterprises.
Use Operating Systems to Scale
- Implement an operating system that all employees understand and can repeat to scale successfully.
- This structured approach brings consistency, financial clarity, and scalable management to boring businesses like laundromats.
First 90 Days Acquisition Plan
- In the first 90 days after acquisition, follow three phases: transfer and transition, stabilize and systematize, then power up.
- These include quick wins, financial audits, team hiring, price improvements, and adding recurring revenue models.