The Ultimate Guide to Buying and Running Boring Businesses with Codie Sanchez

In this engaging double-feature on The James Altucher Show, we're joined by small business investor, Cody Sanchez. In the first segment, Cody discusses buying existing businesses, with a focus on 'boring' but healthy businesses, like laundromats and mobile home parks, which can ultimately generate massive wealth. The conversation also covers strategies to de-risk businesses, quickly respond to customers, and metrics to consider when buying a business. In the second segment, Cody shares her unique journey in the finance sector, closing her hedge fund and focusing on sharing realistic financial advice. She emphasizes community-building, and skill diversification and even touches upon personal life lessons including relationship advice and how to manage emails efficiently.
00:00 Introduction to Business Buying
00:45 The James Altucher Show Begins
00:56 Discussion on Current Locations and Cities
01:43 The Downside of Big Cities
02:56 The Singapore Discussion
03:52 The Importance of Buying Healthy and Boring Businesses
04:55 The Art of Buying a Business
07:46 The Risks of Business Partnerships
08:33 Cody's Business Origin Story
10:27 The Power of Buying Existing Businesses
12:30 The Potential of Car Wash Businesses
29:31 The Appeal of Mobile Home Parks and RV Parks
32:22 The Strategy of Building Ancillary Businesses
41:18 Stealing Strategies from Amazon
41:41 Amazon's Acquisition Strategy
43:00 Risks in Buying Businesses
43:25 Experiences with Fraud in Business
43:38 Government Regulation and Business Risks
44:00 Investing in the Cannabis Industry
45:38 Risks in Service Businesses
45:51 The Importance of Due Diligence in Business
46:02 The Impact of Debt in Business
47:03 Risks in Business: Time and Money
47:23 The Process of Buying a Business
47:27 Finding Businesses to Buy
47:55 Personal P&L Review Strategy
52:05 The Importance of Investing in Yourself
59:25 The Importance of Community in Wellbeing
01:13:39 The Role of Media in Business
01:15:13 The Power of Attention in Business
01:15:32 The Impact of Kardashians on Society
01:18:41 The Importance of Responding to Emails
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[@RadicalNuance]

Amazing, two of my favourite content creators coming together!

[@TheJamesAltucherShow]

Thank you so much! I had so much fun talking to Codie!

[@travelnurseadventures3225]

Lots of Travel nurses use RV parks-- major perks RNs look for at RV parks: 1.clean Laundry facility 24 hours 2. private clean Showers with key 3. Give discounts when RNs extend their contracts and stay longer🥳

[@travelnurseadventures3225]

Thank you so much, love Cody!!! So appreciate Choose Yourself! It's so simple but it took a lot of work for it to sink in and still in progress: Update: left my crappy staff RN job to Travel RN to now I begin my first Independent Contract 1099 RN and next up my own business. It's taken me awhile, but I'm finally Choosing Myself! Great collab!

[@TheJamesAltucherShow]

Absolutely!! Thank you so much for listening!

[@jimmaculate3802]

Hey, Jimmy, have you had a chat with one of the carnivore heavies, like Dr. Shawn Baker? Much simpler than Suzanne Sommers' protocols.

[@korneliab8966]

When I’m listening without looking, it just feels like listening to Lex Fridman…James you and Lex just sound sooo alike!

[@TheJamesAltucherShow]

Thank you.

[@pythonyousufparyani8407]

When I lived in Texas, I used to meet most people who were very racist. This is why; I couldn't find a right wife to make me a green card. White and Black people in Texas are very racist, I mean with high likelihood. About 75%. And, all Hispanic women are already drifted towards their Mexican men because they work real hard in labour jobs and make tons of dollars. So, the probability of finding a Hispanic woman to be single in Texas is very low. Usually, tons of babies with different Mexican labour men. But anyways, I love Codie Sanchez. She gives amazing information. I am trying to pitch this to many Pakistanis to invest for treaty investors visa by buying boring businesses. Make Americans Undocumented Again!

[@morganzoeclanthem2847]

Lol, you move then still vote Democrat.. Oh boy.. Then it repeats.. please stop voting for nonsense.

[@bashiralzakwani4139]

Thank you, Codie and James I learnt alot, and found out that we have more option opportunities than we think, like creating a deal. I liked Codie when she explain a perfect deal. she is honest and wants good for people.@codieSanchez. you are great I wish you all the best.

[@TheJamesAltucherShow]

Absolutely! I am glad that you enjoyed the show!