99% of Business Owners Make This Mistake

Erika Taught Me

Erika Kullberg

Business, Entrepreneurship

4.8 • 2.3K Ratings

🗓️ 7 May 2024

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

#83 Not sure what business to start? One approach: don’t start one at all! In this episode, Erika Kullberg talks with Codie Sanchez about the benefits of buying an existing business instead of starting one from scratch. They delve into three main topics: choosing straightforward, profitable businesses with a solid history, the advantages of purchasing an established business, and the essential steps for buying and growing a business. Watch to learn simple, effective strategies for building wealth and enhancing your business success! Get Codie Sanchez’s new book: Main Street Millionaire: https://erika.com/main-street-millionaire Special thanks to our partners & sponsors: Get NetSuite’s one of a kind, flexible finance programing here - https://NetSuite.com/ERIKA Webull (free stocks) - https://erikataughtme.com/invest Aura: Get a 14-day free trial with my sponsor Aura and see where your personal information is being leaked online - https://erikataughtme.com/aura Bilt Rewards - https://erikataughtme.com/bilt I’m running a free “Save $1,000 Challenge” to teach you creative strategies to save money. It’s 5 days long and starts on Monday. Grab your free spot here: https://Erika.com/go Thanks for tuning in and come back every Tuesday for a brand-new episode! Make sure you hit the follow button to get notified. Prefer to listen on the go? Listen wherever you get your podcasts. https://www.erikataughtme.com/follow Prefer video or want closed captions?⁠⁠ Watch this episode on YouTube. https://youtu.be/18_T6jq2kMg Did you enjoy the episode?⁠⁠ Please leave us a review here⁠⁠ https://erika.com/review : (just scroll to the bottom and tap on “leave a review”) It really helps the podcast especially since we’re just getting started. Even just a sentence is perfect! Follow the podcast @erikataughtme across platforms. ⁠Connect with me on Instagram.⁠ https://www.instagram.com/erikankullberg For more information, go to⁠ https://erikataughtme.com Get on my personal finance & investing course priority waitlist here https://erika.com/3D-money Get my Mastering YouTube course, to learn how to grow a YouTube following and monetize it https://erika.com/mastering-YT ⁠Get more of my free resources. https://erika.com/all-links

Transcript

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0:00.0	Well, what are you good-ass? Instead of going and working out a video production company,
0:04.7	could you go buy one? You already know how to run the business because you're in it. You're a video
0:09.1	producer. I like people actually to do what I call their unfair advantage. Where can you find the thing that you already
0:13.6	know how to do and then just apply it to a business who I buy?
0:16.7	Cody Sanchez is a business investor and content creator with over 3 million followers. As the visionary behind contrarian thinking,
0:25.0	she empowers people to harness unconventional methods
0:28.0	for financial success.
0:29.0	The first business you buy is most definitely not the last business you'll buy. I want simple businesses because I think
0:34.5	simpleness makes you money and complexity makes you sound smart. Second thing I look for in a business is I want it to be profitable.
0:39.8	I want to get paid day one and that means that I need a business that has cash loan
0:44.2	as income producing.
0:45.4	The third thing I look for is I want it to be...
0:47.1	I'm Erica Koeberg and you're listening to the Erica Tautme
0:52.1	podcast.
0:54.0	Hi, it's Erica Colburg, and before we dive into today's
0:58.0	podcast episode, I have an exciting announcement that can help you save an extra
1:02.0	thousand dollars without having to penny pinch or change your lifestyle.
1:07.0	On Monday, I'm running my free five-day savings challenge,
1:11.0	where you'll discover simple and creative ways that you can save extra money every month.
1:16.0	And whatever you want to do with that extra money is up to you.
1:19.0	I'll just show you how to save it.
1:21.0	The challenge is totally free to join. All you need to do is go to
	...

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