Best quote that I've heard in a long time. "I talk about getting money quick because it's a trojan horse to get yourself free. The more free humans we have, the better society we have." I'm sold.
Owner financing is a great idea, Coffee industry, Mobile Food & Franchise ... 👍😉 My brother is in Commercial Real Estate, just sold a restaurant to the new owner's but they don't live in the area & their letting him manage it with the same employees. We thought about a few reliable individuals within the community that have their own mobile food business & let them utilize the restaurant for breakfast & barbecue in the evening and they can split the lease payments. The whole point to this is to help others within the community to be able to afford leasing the business between two individuals with two different ideas while the owner receives residual income and the business stays open.
when you have to take on financing as an owner..and take on the risk there is usually a REASON you have to do that. Real cashflowing businesses ( a taco bell on a busy street) dont do owner financing because they dont have to.
Codie is talking about PEFs. A new book “These are the Plunderers. How Private Equity Runs - And Wrecks - America." It's about private equity firms, PEFs, which buy companies, then lay off employees and cut costs and services in order to expand profits. The ultimate goal is to sell off the newly acquired company in a few years, scoring a big profit for the PEF. They also do this with Nursing Homes. PEFs have savaged the retailing industry in recent years. You may remember the bankruptcy of Toys"R"Us. They are doing this with nursing homes too.
I love this! I think my business is a bit of both of yours combined. My business is online like yours but I deal with Local boring businesses like your guest does. Win/Win! and yeah I make money!
Her advice sounds too good to be true. Also when you work in that area before you have a better understanding of the risks. Not something an average joe could repeat easily. I would stick to Steve’s advice about e-commerce. Buying businesses is something that comes later. My opinion only.
I agree completely! I like Steve's strategies because they are sound strategies. I trust Steve's opinion so maybe id give Codie a second chance but i agree with you that her strategy is better for someone who already has business experience
She was trained at a private equity firm, so she knows what she is doing. That's a big plus. However, it is still an option for people so still worth thinking about. But if you can't balance your checkbook, buying a business probably not for you.
Start a business and if you decide you don't like it transfer the assets to a new business or better yet call her and she will buy it for pennies on the dollar!
Grazie per la svista , donna molto attraente , ti seguo molto con attenzione , ho molto da imparare per iniziare un attività on-line le tue testimonianze sono decisamente interessanti !
Yup you two need to work together. your strengths compliment each other. Now, as for me am swamped with loads of business ideas (mostly on the ecommerce end) - because like you being around people makes me nervous. however, Hearing Codie made me have second thoughts. if i could start with something that could immediately bring in even $4000 cashflow i would be happy 😋 Thank you for this Info, really helpful
I am particularly interested in how she find new businesses. It seems the first use case that she lists is a generational misalignment. The warrior generation hands it off to the merchant generation, who produces a poet generation. That poet generation doesn't want to work, they want to cash out. This weak spot in human behavior is a profitable opportunity.
I dont trust Codie Sanchez. Her business practices are not very sound. Be very careful with her advice because a lot of business experts explain that her methods dont make good business sense. I remember watching a video explaining her laundromat purchase and the guy went over the numbers and said her claims are not possible.
@@mywifequitherjob hey methods seems very risky. I would love to see a counter argument to the critics. I am interested in what she is saying though to be fair.
Agree, she sound very convincing due to her speech skills but most of these "gurus" main source of income is social media or their bs courses they sell so you be the judge. "buy a company for 25K and offer the owner 25k/year to stay with the company" lol
In reality fast talking sales pitches that promote human trafficking schemes are illegal. Nobody has any right to suggest eliminating people who don't agree with witchcraft and terrorism against victims...
have you seen her books? audited financials? ANYONE can say they make (net profit?? gross?? ) 50 MM with no proof. ask yourself this: how many young people do you know not in tech who got rich young? and if she has so much money why is she spending her days plastered all over youtube and instagram? would you do that if you were making 50M?
in other words..the sellers time is only worth 25K per year!! from a business they are trying to get out of !! and they wont even be in charge ..and wont have a say !!>.omg what a loon. if you find someone like that run they are too dim witted to have a decent business
Like so many e-biz made it rich stories, she is making her money selling the ideas online . “Join” her for a monthly fee , pay for my courses and you too will make lots of cash…. Yeah right
If you enjoyed this video, then sign up for my free 6 day mini course on ecommerce --> mywifequitherjob.com/free/
I enjoy 21:10
Best quote that I've heard in a long time. "I talk about getting money quick because it's a trojan horse to get yourself free. The more free humans we have, the better society we have."
I'm sold.
Owner financing is a great idea, Coffee industry, Mobile Food & Franchise ... 👍😉
My brother is in Commercial Real Estate, just sold a restaurant to the new owner's but they don't live in the area & their letting him manage it with the same employees.
We thought about a few reliable individuals within the community that have their own mobile food business & let them utilize the restaurant for breakfast & barbecue in the evening and they can split the lease payments.
The whole point to this is to help others within the community to be able to afford leasing the business between two individuals with two different ideas while the owner receives residual income and the business stays open.
when you have to take on financing as an owner..and take on the risk there is usually a REASON you have to do that. Real cashflowing businesses ( a taco bell on a busy street) dont do owner financing because they dont have to.
Codie is talking about PEFs. A new book “These are the Plunderers. How Private Equity Runs - And Wrecks - America." It's about private equity firms, PEFs, which buy companies, then lay off employees and cut costs and services in order to expand profits. The ultimate goal is to sell off the newly acquired company in a few years, scoring a big profit for the PEF. They also do this with Nursing Homes. PEFs have savaged the retailing industry in recent years. You may remember the bankruptcy of Toys"R"Us. They are doing this with nursing homes too.
Hi Steve! a big fan of yours and a student of your mastery ! Thank you!
I love this! I think my business is a bit of both of yours combined. My business is online like yours but I deal with Local boring businesses like your guest does. Win/Win! and yeah I make money!
Love the collab! You and Codie always put up amazing contents. Bravo to both of you!
Her advice sounds too good to be true. Also when you work in that area before you have a better understanding of the risks. Not something an average joe could repeat easily. I would stick to Steve’s advice about e-commerce. Buying businesses is something that comes later. My opinion only.
I agree completely! I like Steve's strategies because they are sound strategies. I trust Steve's opinion so maybe id give Codie a second chance but i agree with you that her strategy is better for someone who already has business experience
She was trained at a private equity firm, so she knows what she is doing. That's a big plus. However, it is still an option for people so still worth thinking about. But if you can't balance your checkbook, buying a business probably not for you.
awesome content! thank you!
Start a business and if you decide you don't like it transfer the assets to a new business or better yet call her and she will buy it for pennies on the dollar!
Grazie per la svista , donna molto attraente , ti seguo molto con attenzione , ho molto da imparare per iniziare un attività on-line le tue testimonianze sono decisamente interessanti !
Do you have an EIN/TIN for each different company?
Hi there. What is yr 10-11 income sources
What company would want to sell their business for 25k? what state?
None. She’s selling hype to get people to her website so you can join to get her precious info at a monthly cost.
Great interview!
what about a franchise?
She is amazing
"craigs list" everyone selling their ????
Why was that "blanked out" ?
Something computer related
What was he buying from Craigslist?
Yup you two need to work together. your strengths compliment each other.
Now, as for me am swamped with loads of business ideas (mostly on the ecommerce end) - because like you being around people makes me nervous. however, Hearing Codie made me have second thoughts. if i could start with something that could immediately bring in even $4000 cashflow i would be happy 😋
Thank you for this Info, really helpful
I am particularly interested in how she find new businesses. It seems the first use case that she lists is a generational misalignment. The warrior generation hands it off to the merchant generation, who produces a poet generation. That poet generation doesn't want to work, they want to cash out. This weak spot in human behavior is a profitable opportunity.
So what event did you guys meet at?
ONLY FANS BUSINESS 🤣🤭🙈🙊
but a lot of people are not skilled in those areas.
Cash cows are boring businesses
"You like money? I like money too... we should be friends..".. "...like what's in the toilet?" ( Idocracy- movie)
If only I loved to work as much as she does:-)
I dont trust Codie Sanchez. Her business practices are not very sound. Be very careful with her advice because a lot of business experts explain that her methods dont make good business sense. I remember watching a video explaining her laundromat purchase and the guy went over the numbers and said her claims are not possible.
What's there not to trust? We've met and we have many mutual friends. She does what she says she does
@@mywifequitherjob hey methods seems very risky. I would love to see a counter argument to the critics. I am interested in what she is saying though to be fair.
th-cam.com/video/ww4XRyMgHrY/w-d-xo.html that’s the video I think
@@manwej yes thats the one!
Agree, she sound very convincing due to her speech skills but most of these "gurus" main source of income is social media or their bs courses they sell so you be the judge. "buy a company for 25K and offer the owner 25k/year to stay with the company" lol
In reality fast talking sales pitches that promote human trafficking schemes are illegal. Nobody has any right to suggest eliminating people who don't agree with witchcraft and terrorism against victims...
have you seen her books? audited financials? ANYONE can say they make (net profit?? gross?? ) 50 MM with no proof. ask yourself this: how many young people do you know not in tech who got rich young? and if she has so much money why is she spending her days plastered all over youtube and instagram? would you do that if you were making 50M?
in other words..the sellers time is only worth 25K per year!! from a business they are trying to get out of !! and they wont even be in charge ..and wont have a say !!>.omg what a loon. if you find someone like that run they are too dim witted to have a decent business
It's like she gets the business and for chump change doesn't have to train anyone
well most people would rather chew off an arm than go sit in a ditry smelly maybe unsafe overpriced laundromat.
Like so many e-biz made it rich stories, she is making her money selling the ideas online . “Join” her for a monthly fee , pay for my courses and you too will make lots of cash…. Yeah right