The Startup Ideas Podcast How to Get Rich Building Boring Businesses with Codie Sanchez
5 snips
Mar 17, 2022 
Codie Sanchez, founder of Contrarian Thinking and managing partner at Entourage Effect Capital, shares her journey from finance to entrepreneurship, having bought and sold over 60 businesses. She discusses the value in scaling 'boring' ventures like laundromats and ATMs, leveraging SBA loans as a financing hack. Codie emphasizes the importance of patience in business acquisitions and highlights the significant opportunities in unsexy markets. The conversation also touches on innovative sponsorship strategies and the evolving business landscape post-pandemic.
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Codie's Journey into Business Acquisition
- Codie Sanchez, burned out in finance, sought an exit strategy.
- She found inspiration in a profitable private equity deal and began acquiring businesses herself.
SBA Loan Hack
- Leverage SBA loans to buy businesses.
- Contact your local SBA loan office to learn about using government money without needing high credit or capital.
Buying a Business with the Business
- Businesses are bought with their own future cash flows.
- Loans are underwritten based on the business's projected cash flow, enabling acquisition with minimal upfront capital.
