Can Small Businesses Save America? - Codie Sanchez - Ep 494 Full Length

494. Small Business Revolution in America Ft. Codie Sanchez

In today's episode, Andy & DJ are joined in the studio by investor & entrepreneur Codie Sanchez. They discuss what Codie looks for when buying a small business, the fake image of entrepreneurship portrayed online, and the best way to fix our country through our spending decisions.

Codie Sanchez is a reformed journalist, turned institutional investor to cannabis investor and adviser, to now Founder at Contrarian Thinking and Cofounder of Unconventional Acquisitions. She thrives on helping people think critically, and cashflow unconventionally while allocating to what we call “sweaty & boring” small businesses.

Subscribe to Codie's YouTube Channel @CodieSanchezCT

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00:00 - Intro
02:21 - How successful boring businesses can be
06:18 - Culture clash in the entrepreneur culture
10:07 - Key performance indicators when buying a business
15:04 - What to do if you don't have an idea but still don't want to work for anybody else
15:43 - The equation of happiness in entrepreneurship
20:31 - People are chasing the fake image of entrepreneurship
23:38 - Why passive income is not real
25:59 - Assault on ownership in the US
28:55 - How you can build a small business with a small investment
30:01 - How struggle will provide you the real happiness
33:20 - Glass door on Instagram for their bank account
36:13: The 3 reasons behind Codey's success
39:17 - What you should do along with visualization
41:50 - How you can take small steps safely
43:48 - Andy's story of starting his business in 1999
45:59 - The importance of pain tolerance in business
47:15 - Codie talks about her tipping point and her career as a journalist
54:29 - Speaking out and why it's important to stand up in America
57:44 - Codie starting her media company in 2020
59:59 - The main trend across all the sectors in the US
1:01:58 - Decentralizing ownership and making personal excellence the form of rebellion
1:02:55 - Codie's insight about SVB collapse
1:07:40 - What can you do today to get skin in the game
1:10:17 - People are tired of global corps and buying more local
1:12:39 - The impending state of economy in America
1:19:02 - the tin foil hat point of view on the current situation in America
1:19:49 - The only way to combat inflation
1:22:43 - Codie's closing thoughts