Listen "Codie Sanchez on Buying Boring Businesses and The Secret to Wealth"
Episode Synopsis
About the EpisodeCan the path to financial freedom be paved with boring businesses? In this episode, Andrew sits down with Codie Sanchez, a founder, entrepreneur, and investor who's redefining success in the business world.Codie is the founder and CEO of Contrarian Thinking, a digital education company with over 7 million followers, and Main Street Hold Co, a small business holding company. She's also the driving force behind Contrarian Thinking Capital, a firm investing in companies that support small business growth.In this conversation, Codie shares her journey from working in private equity to becoming a champion for Main Street entrepreneurship. She discusses the power of "boring" businesses, the importance of deal clarity, and why she believes ownership is under attack in the U.S. Codie also offers insights from her upcoming book, "Main Street Millionaire," which promises to be an MBA-level guide to mergers and acquisitions for everyday entrepreneurs.Join us as we exploreCodie’s journey from working in Vanguard to owning multiple businesses of her ownThe appeal of boring businessesStrategies to help you know whether the businesses you want to buy or start are actually any goodAI and technology’s impact on businesses and the job marketCodie’s perspective on fame, navigating challenges, and her aspirationsPeople and products that she’s been loving latelyMaybe you’re itching to start your own venture. Or perhaps you’re an investor looking to expand your portfolio. Codie’s insights will surely steer you towards success. Tune in for a powerful conversation that unpacks the secrets of what it takes to win in business.People MentionedBalajiJonah GoldbergAyman Al-AbdullahResources MentionedMain Street Millionaire by Codie SanchezThe Triumph of William McKinley by Karl RoveThe Vietnam War by Ken Burns & Lynn NovickBach flower remedyLogitech Casa Pop-Up DeskChapters00:00 - Intro00:42 - Catching Up With Codie5:01 - Codie’s Entrepreneurial Journey8:51 - Why Boring Businesses Are Great13:23 - What Businesses Do You Buy?16:07 - How to Tell If Your Businesses Ideas Are Good18:37 - Weird But Profitable Businesses21:24 - Businesses AI Will Disrupt23:33 - Integrating Tech In Businesses25:15 - White Collar Workers Shifting to Blue Collar Jobs30:57 - Fame’s Impact on Codie’s Life36:00 - Codie’s Goals For the Future37:51 - Dealing Tough Days41:53 - Codie’s Book43:48 - Codie’s Product Recommendations47:38 - People Codie Finds Interesting🔗 Find Codie on:Twitter/X: @Codie_SanchezInstagram: @codiesanchezTiktok: @realcodiesanchezYoutube: @CodieSanchezCTWebsite: https://www.codiesanchez.com/🔗 Find Andrew on:Twitter/X: @awilkinsonLinkedIn: @awilkinsonWebsite: https://www.neverenough.com/Sign up for Andrew's newsletter