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Founder's Journal

Why All Entrepreneurs Are Contrarians w/ Codie Sanchez

Founder's Journal

Morning Brew

Entrepreneurship, Careers, Business

4.81.1K Ratings

🗓️ 30 August 2023

⏱️ 17 minutes

🧾️ Download transcript

Summary

Episode 35: Codie Sanchez (@Codie_Sanchez) stops by to drop off gems about business building. As someone who’s used to going against the grain, she proudly wears the title of “unemployable,” in that she was meant to be an entrepreneur. Codie walkthrough 6 tips to help make the founder’s journey easier. Timestamps: (01:37): Contrarian thinking (06:02): It gets lonely when building (07:51): Check your bank account (08:25): Waking up at 5AM (09:52): Efficient days vs. effective days (11:22): No is a full sentence (14:04): Addressing the peanut gallery Send us an email and let us know what you think of the idea! foundersjournal@morningbrew.com Links: Codie Sanchez Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

What's up everybody welcome back to another episode of founders journal

0:04.0

This is your host Alex Lieberman co founder and executive chairman of morning brew. I have another very special guest episode today

0:11.8

My good friend Cody Sanchez the founder of contrarian thinking a prolific content creator and I think the first person to really popularize boring businesses like

0:23.0

Laundromat businesses and car wash businesses and ATM businesses before they became sexy over the last 12 to 18 months on this episode of the show

0:31.5

Cody shares lessons that she learned during the final days of working in corporate America

0:36.7

And I'm so excited for this episode because I met Cody a few years ago

0:41.2

I believe at a conference and she's one of my I'll call internet friends this kind of

0:45.6

Group of trusted advisors and mentors who I've only met in life a few times

0:51.0

But I talked to constantly over the internet because Cody has so much learned experience and wisdom and I try as much as possible just to

1:00.3

Learn from her today. She has built multiple multi-million dollar companies

1:05.4

She's gathered over a million followers on social she has an amazing newsletter

1:10.1

Which you can sign up for on her website Cody Sanchez.com and she has so much knowledge that I knew I had to have her as a guest on the show

1:17.7

I know you're gonna love this episode and by the way, it was just her birthday

1:21.6

So if you want a reason to reach out to Cody hit her up on Instagram or over her newsletter or on Twitter

1:27.7

And just say that Alex sent new and wish her a happy birthday. So here is Cody Sanchez for a guest founders journal episode

1:34.8

Hi, I'm Cody Sanchez and I own a lot of boring businesses and that might sound weird you guys

1:50.3

But basically what it means is that I buy small businesses that you all use landscaping companies roofing companies cleaning companies

1:58.0

Everyday businesses, but you probably don't think much about the fact that you spend money on them every month

2:03.1

Now the big boys call this private equity and if you also didn't know

2:07.0

Most of the richest people in the world are there through acquisitions some version of buying and selling small companies or private equity deals

2:15.6

And I started doing this about 15 years ago today

2:18.8

I run a company called Contrarian Thinking about a hundred million views a month million subscribers

...

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