How to Buy a Business That’ll Replace Your 9-5 w/Codie Sanchez

Episode #416

Want to replace your nine-to-five? You'll need to know how to buy a business. And while you may think that you need to be some high-level executive or business-building savant, the reality is that TONS of profitable businesses are selling for pennies on the dollar, just waiting for you to come in, scoop them up, and start making six (or even seven) figures without doing all the work. This is the EXACT strategy that Codie Sanchez used to leave her high-paid banking career to make millions running so-called “boring” businesses.

Whether it’s a laundromat, landscaping service, or law firm, businesses are up for sale without you even knowing it. You DON’T need to be an industry expert to get in on any of these deals. Many of the businesses that Codie has bought have been outside of her core competency. She’s gotten so good at business-buying that Codie now helps other want-to-be entrepreneurs get out of their jobs and into businesses that’ll help them build wealth. Codie’s ten simple steps to business buying can help ANYONE buy, build, and profit from a “boring” business.

Codie breaks down exactly why she left the big paychecks behind to start buying businesses, the repeatable steps to acquiring and growing a business, which business you should be looking for, and five to NEVER buy. You’ll also hear how she funds these business purchases and what to do AFTER buying a business that massively multiplies revenue and makes you millions!

Show Notes at:
https://www.biggerpockets.com/blog/mo...
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Hear Past BiggerPockets Episodes with Codie:
The Cash-Flow Boosting Businesses that Savvy Real Estate Investors Own: https://www.biggerpockets.com/blog/re...
The MOST Profitable Skill to Learn (From a $200M+ VC Investor): https://www.biggerpockets.com/blog/bi...
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How to Buy Yourself a 6-Figure Income Stream w/Tim Delaney:
https://www.biggerpockets.com/blog/mo...
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Connect with Codie:
Contrarian Thinking: https://contrarianthinking.co/
Instagram: @codiesanchez or   / codiesanchez  
TikTok: @realcodiesanchez or   / realcodiesanchez  
Unconventional Acquisitions: https://unconventionalacquisitions.com/
YouTube:    / @codiesanchezct  
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Scott: https://www.biggerpockets.com/users/s...
Mindy: https://www.biggerpockets.com/users/m...

00:00 Intro
03:17 Money Moment
06:22 Codie's Money Story
08:56 Boring Businesses Will Make You Rich
21:55 Buy a Business, NOT a Job
28:51 5 Businesses to NEVER Invest In
31:55 Freedom Over Finances
37:17 Funding the Deals
39:56 Becoming a CEO
50:15 YOU Can Do This
52:18 Connect with Codie!
53:30 Start Buying Businesses!