#738: Creating Financial Freedom: Building Wealth Through 'Boring' Businesses with Codie Sanchez

Online Marketing Made Easy with Amy Porterfield

Amy Porterfield

Entrepreneurship, Business, Marketing

4.9 • 4.9K Ratings

🗓️ 5 December 2024

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

Buy and scale small businesses! Hear Codie Sanchez’s expert wealth building strategies for acquiring like and pro and unlocking financial freedom. In this episode, we discuss: (4:04) How Codie found financial freedom through buying and scaling ‘boring’ businesses (10:03) The mindset shift you need to see the value in ‘Main Street’ businesses (18:29) Everything to consider as a first time business buyer (21:35) How to know what type of business is right for you to buy (27:28) The exact process Codie uses to evaluate business deals, manage risk, and navigate fear (31:09) A behind-the-scenes look at Codie’s most successful acquisitions (35:22) Strategies for buying an online business (39:46) The biggest mistakes Codie sees with hiring and firing (42:58) Everything you will learn from Codie’s new book! Listen in and get ready to think about wealth building from a whole new lens! Resources Mentioned in the Episode Main Street Millionaire by Codie Sanchez Main Street Accelerator Digital Course Contrarian Thinking Codie’s TikTok Follow Codie BigDeal podcast instagram.com/codiesanchez codiesanchez.com Follow Amy Online Marketing Made Easy podcast instagram.com/amyporterfield amyporterfield.com Rate, Review, & Follow on Apple Podcasts "I love Amy and Online Marketing Made Easy." If that sounds like you, please consider rating and reviewing my show! This helps me support more people -- just like you -- move toward the online life and business that they desire. Click here, scroll to the bottom, tap to rate with five stars, and select “Write a Review.” Then be sure to let me know what you loved most about the episode! Also, if you haven’t done so already, follow the podcast. I’m adding a bunch of bonus episodes to the feed, and if you’re not following, there’s a good chance you’ll miss out. Follow now!

Transcript

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0:00.0	Your bank account is a direct correlation to the size of the problems you're solving and the amount of risk you're taking.
0:05.9	So if you don't have as much money as you want, you aren't taking enough risk and you aren't solving big enough problems.
0:12.6	I'm Amy Porterfield, ex-corporate girl turned CEO of a multi-seven figure business.
0:18.5	But it wasn't all that long ago that I lacked the confidence,
0:21.8	the budget, and the time to focus on growing my small but mighty business. Fast forward past
0:29.0	many failed attempts and lessons learned. And you'll see the business I have today, one that
0:34.6	changes lives and gives me more freedom than I ever thought possible,
0:39.8	one that used to only exist as a daydream. I created the online marketing made easy podcast
0:46.1	to give you simple, actionable, step-by-step strategies to help you do the same. If you're an
0:52.1	ambitious entrepreneur or one in the making who's looking
0:55.9	to create a business that makes an impact and a life you love, you're in the right place,
1:00.9	friend. Let's get started. Welcome to another episode of online marketing made easy.
1:12.3	Thanks for joining me today.
1:13.8	This episode is going to be nothing short of amazing because we're about to hear from someone
1:20.1	who will truly blow your mind.
1:22.8	I am such a fan of this woman.
1:25.3	My guest today is Cody Sanchez.
1:29.9	Cody is an entrepreneur, investor, and founder of this woman. My guest today is Cody Sanchez. Cody is an entrepreneur, investor,
1:35.8	and founder of contrarian thinking, a movement that encourages people to think differently about wealth building. She's the author of a brand new book, Main Street Millionaire,
1:42.1	and in it, she teaches you how to build generational wealth
1:46.5	by buying small everyday businesses. She also has a digital course, you know I got to love that,
1:54.4	Main Street Accelerator, which walks you step by step through how to find, evaluate,
	...

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