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BigDeal

The 7 Worst Businesses to Buy Or Start

BigDeal

Codie Sanchez

Business, Investing, Entrepreneurship, Marketing

4.8681 Ratings

🗓️ 28 April 2025

⏱️ 19 minutes

🧾️ Download transcript

Summary

Download our Deal Review Calculator HERE: https://info.contrarianthinking.co/deal-review-calculator Welcome to a very special BONUS of the BigDeal Podcast. In this episode we delve into the seven deadly businesses that aspiring entrepreneurs should avoid, and the risks associated with them all. Let us know what you thought of this episode in the comments. Do you want more of these deep dives? Chapters 00:00- Introduction to Deadly Businesses 02:46- The Perils of Restaurants and Hotels 06:05- Retail Storefronts and Their Challenges 08:50- Consulting Firms and Personal Brands 12:02- The Risks of Amazon FBA and Drop Shipping 14:53- Identifying the Right Business for You MORE FROM BIGDEAL: 🎥 Youtube: / @podcastbigdeal 📸 Instagram: / bigdeal.podcast 📽️ TikTok: / big.deal.pod MORE FROM CODIE SANCHEZ: 🎥 Youtube: / @codiesanchezct 📸 Instagram: / codiesanchez 📽️ TikTok: / realcodiesanchez OTHER THINGS WE DO: Free newsletter: https://contrarianthinking.biz/3XWLlZp Biz buying course: https://contrarianthinking.biz/3NhjGgN Resibrands: https://resibrands.com/ CT Capital: https://contrarianthinking.biz/4eRyGOk Main St Hold Co: https://contrarianthinking.biz/3YfGa8u Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hey guys, if you've ever thought about buying a business, we've built what I think is the best

0:03.7

acquisitions in business buying community and education curriculum in the world.

0:08.0

If you've ever thought about wanting to buy or own a business or if you want to add more

0:12.8

businesses to the mix, it's called the contrarian community.

0:15.7

And what this is, is the goal is we give you the three things that the best business buyers

0:20.4

use, your own advisory team,

0:22.6

your own investment committee, and a deal team. We get together each week to review deals live

0:27.4

and beat up all the deals that you're currently looking at while you simultaneously learn the best way

0:32.0

possible, which is called modeling by seeing other people put together deals. This is how private equity buys businesses.

0:38.5

This is how investment teams work. And we're stealing the methods from Wall Street and giving

0:42.1

them to you. If this is interesting to you, go to click the link and you can actually talk

0:46.4

to my team direct about if this is a fit or not. We can help guide you. The link is in the show

0:51.2

description. The seven deadly businesses that you should never start

0:55.2

or buy. That is what is on this episode today of the Big Deal podcast. I'm Cody Sanchez. We're going to be

1:00.2

talking about what is the right fit business for you, what to never start and define the right

1:05.6

acquisition for you. Now, this is a new podcast. It's all about buying businesses, not just big thinking interviews

1:12.6

or building businesses. We're going to do those too. So click off if you absolutely never

1:16.7

want to be an owner, never want to buy a business, never want to start one, and don't want to know

1:20.2

about the seven that will absolutely murder you should you choose to start that.

1:27.2

I'm going to start with a story that happened when somebody didn't listen to me

1:30.9

and chose one of these seven deadly businesses. So I remember I opened up this email with a frantic

1:36.0

note from Mary. I'm going to change her name because otherwise that would be rude. She was one of my

...

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