181. Is Buying Boring Small Businesses Better Than Starting Your Own? Codie Sanchez Makes $50M/Year From This

Cubicle to CEO

Ellen Yin

Entrepreneurship, Business, Marketing

5.0 • 580 Ratings

🗓️ 13 February 2023

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

We're willing to bet if you’ve opened YouTube in the last 12 months, you’ll recognize today’s guest: accomplished investor, founder of Contrarian Thinking, and rising media mogul, Codie Sanchez. Codie took the Internet by storm with her enthusiasm (and smarts) for buying boring small businesses. In short, you’re buying the profits of an existing small business instead of starting one from scratch. But what exactly is a boring small business? Don’t worry, Codie will give us a refresher before we dive into today’s case study on how she built a portfolio of small businesses she owns that make $50 million a year collectively - without her operating in the day-to-day. One thing we love most about Codie is that she’s also an advocate for financial transparency, so in her case study you’ll get to hear the exact deal structure of a recent acquisition and all the numbers involved: cost, revenue, and profits. If you’ve ever felt destined to be an entrepreneur but not a founder, or you’re already running a successful business and want to invest your profits to build wealth that doesn’t depend on you, get ready for Codie to blow open a whole new world of possibilities. Sign up for our free weekly newsletter for more bonus content: https://cubicletoceo.coConnect with Codie: Want to join the 100k+ others on their journey to financial freedom? Sign up for the Contrarian Thinking newsletter: https://sparklp.co/f6a9729d/ Binge Codie's YouTube content: https://www.youtube.com/c/CodieSanchezCT Get the step by step guide to small business acquisitions in Codie's Unconventional Acquisitions Small Business Buying Course: https://courses.unconventionalacquisitions.com/courses/buying-a-small-business?ref=ac9af5 Want to learn how to grow your email list to 10K subscribers? Check out this article: https://contrarianthinking.co/media-apocalypse-and-30-days-to-10000/ Instagram: https://www.instagram.com/codiesanchez/ View the transcript for this episode at: https://docs.google.com/document/d/1dySHU7iE-OWstZSGt8ADzqQ7n3w9levDuYgsHPml6gI/edit?usp=sharing If you enjoyed today's episode, please: Leave a positive review or rating at www.ratethispodcast.com/cubicletoceo Sign up for our text notifications at ellenyin.com/superfan so you can be the first to know when a new case study has dropped! Post a screenshot & key takeaway on your IG story and tag me @missellenyin & Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You're listening to Kivocal to CEO, episode 181. I'm willing to bet if you've opened YouTube in the last 12 months, you'll recognize today's guest, accomplished investor, founder of contrarian thinking, and rising media mogul, Cody Sanchez.
0:14.6	Cody took the internet by storm with her enthusiasm and smarts for buying boring small businesses. In short, you're buying the profits of an
0:21.9	existing small business instead of starting one from scratch. But what exactly is a boring small
0:28.5	business? Don't worry, Cody will give us a refresher before we dive into today's case study
0:33.3	on how she built a portfolio of small businesses she owns that make $50 million a year collectively.
0:40.3	And here's a real kicker without her operating in the day to day.
0:44.2	One thing I love most about Cody is that she's also an advocate for financial transparency.
0:49.3	So in her case study, you'll get to hear the exact deal structure of a recent small business acquisition
0:54.3	and all the numbers involved, cost, revenue, and profits. If you've ever felt destined to be an
1:00.1	entrepreneur, but not a founder, or you're already running a successful business and want to
1:05.2	invest your profits to build wealth that doesn't depend on you, get ready for Cody to blow open a whole new world of
1:12.4	possibilities. Welcome to Cubicle to CEO, the podcast. I'm your host, Ellen Yin. I quit my job
1:22.2	without a backup plan and bootstrapped my first $300 freelance project into $2 million in revenue by age 28.
1:29.5	On this show, you'll hear weekly case study interviews with leading entrepreneurs and CEOs
1:34.2	who share one specific strategy that successfully grew their business revenue.
1:39.4	Skip the expensive and time-consuming learning curve of testing everything yourself by borrowing what
1:44.6	actually works from the best and brightest mentors. You'll also get a front row seat to my founder's
1:50.3	journey through transparent income reports and behind the business solo episodes. Subscribe now
1:55.6	so we can grow together every Monday.
2:08.4	Hi, everyone. Welcome back to the show. I am delighted because today you are in for a real treat. If you have not been living under a rock for the last 12 months, you already know
2:13.7	and recognize this name's Cody Sanchez. She has absolutely taken the internet, YouTube by
2:19.6	storm. She's a force of a woman, and I'm so excited to have her here on the show to share her
	...

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