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Meet The Woman Who Makes $50M With Boring Businesses with Codie Sanchez

Published on: December 9 2022 by MyWifeQuitHerJob Ecommerce Channel

Codie Sanchez is a successful entrepreneur and investor who has made millions of dollars by investing in businesses that many people would consider boring. But how did she do it? What is her secret to success?

Main Points:

1. Codie Sanchez's background: Codie grew up in a small town in Colorado, where she learned the value of hard work and perseverance. She went on to study finance and worked in various roles in the financial industry before starting her own business.

2. Why boring businesses can be profitable: Codie believes that boring businesses are often overlooked by investors because they are not glamorous or exciting. However, these businesses can be very profitable because they often have steady cash flows and are not subject to the same level of competition as more glamorous industries.

3. Codie's investment strategy: Codie invests in businesses that have strong fundamentals and a track record of profitability. She also looks for businesses that are undervalued or overlooked by other investors. She has had success investing in industries such as insurance, waste management, and funeral homes.

4. How to succeed in boring industries: According to Codie, the key to success in boring industries is to focus on the fundamentals. This means having a strong business model, a solid management team, and a clear understanding of the market. It also means being willing to do the hard work and make the tough decisions that are necessary to grow the business.

5. The importance of diversity in investing: Codie believes that it is important for investors to diversify their portfolios and not put all their eggs in one basket. This means investing in a variety of industries and businesses, including some that may seem boring or unexciting.

Codie Sanchez's success in investing in boring businesses is a testament to the value of hard work, perseverance, and a focus on the fundamentals. By following her investment strategy and being willing to invest in industries that others overlook, investors can achieve success even in seemingly boring industries.

Meet The Woman Who Makes $50M With Boring Businesses with Codie Sanchez

In this podcast episode, Cody Sanchez, the founder of Contrarian Thinking and co-founder of Unconventional Acquisitions, talks about the importance of investing in boring businesses that cash flow like crazy. She explains how she got into the business of buying and selling such businesses, and shares her tips on how to find and acquire them.

Finding Boring Businesses:

- Use websites like Ecommerce Flipper, Flippa, and BizBuySell to find businesses for sale.

- Look through personal networks and interact with business owners.

- Go out publicly and ask people if they know anyone who is looking to sell a business.

- Look at your personal interactions with businesses you use and interact with every day.

What Qualifies as a Boring Business:

- Anything that you wouldn't think of as wanting to be a CEO.

- Businesses that people interact with every day, such as local services, plumbing, landscaping, and restaurants.

Investing in Boring Businesses:

- The amount of capital required to invest can range from zero dollars to a billion dollars.

- Some businesses can be acquired for zero dollars by offering a percentage of future profits or revenue.

- It costs money to shut down a business, so buying a struggling business for a low cost can be a better option.

Investing in boring businesses that cash flow like crazy can be a great way to make money and benefit the community. By using various methods to find and acquire these businesses, it

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