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Founder's Journal

All You Need to Know to Buy a “Boring” Business

Founder's Journal

Morning Brew

Careers, Business, Entrepreneurship

4.81.1K Ratings

🗓️ 11 April 2022

⏱️ 23 minutes

🧾️ Download transcript

Summary

Entrepreneur Codie Sanchez.pulls in 8 figures of passive income from small businesses. I walk Codie through my own mini-golf empire business plan, and Codie gives me a rundown on everything you need to think about before investing in a “boring” business. Check out full episode transcripts at https://foundersjournal.morningbrew.com to learn more, and if you have any ideas for our show, email me at [email protected] or my DMs are open @businessbarista. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

What's up everyone, this is Alex Lieberman, co-founder and executive chairman of Morning

0:05.4

Brew.

0:06.4

Welcome back to Founders Journal, where I give you the business builder, the tools you

0:10.4

need to think better in order to build better, whether that's building a business, a team

0:14.9

or a new product.

0:16.0

We're doing something a little different this week.

0:18.6

I recently sat down with my good friend, a fellow entrepreneur and an all-star investor,

0:24.8

Cody Sanchez, and we tried out talking through three different topics that we thought

0:29.8

would be exciting to the Founders Journal audience.

0:32.0

Now, make sure you listen to the end of the episode because we want to know from you,

0:37.4

the listener, which of the three episodes you liked best and why.

0:41.5

This is going to inform the future of Founders Journal.

0:44.2

Now, this is part two of the series that I'm talking about.

0:47.3

If you haven't listened to part one, go back and check it out where Cody and I talk through

0:51.6

whether she should buy an oddly satisfying slime company.

0:55.8

But today's episode is another conversation between me and Cody about me buying a boring

1:01.6

business.

1:02.6

And in this case, the boring business is mini golf.

1:05.6

You guys are well aware of my plans to take over the world, one mini golf course at a

1:09.6

time.

1:10.6

So I wanted to run the idea by Cody who has built an eight-figure portfolio of small businesses.

1:15.6

I wanted her to take my idea through the ringer and she gave me some amazing advice and

...

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