small businesses

4 statements across 3 episodes · 1 bullish · 2 bearish · 2 people on the record · first statement Nov 22, 2022 by Codie Sanchez · across every show →

Everything said about small businesses, oldest first

Nov 22, 2022 bearish
Prediction Not checkable as stated
Sanchez: Small business market will trend downward over 6 to 12 months
“I'd probably wait another six or 12 months and see what goes down. I'd like to spend a bunch of time learning about this stuff that I think is going to be super impacted. So for me, it would be like, I would learn deal making. I would learn to buy boring busin…”
Codie Sanchez Nov 22, 2022 ▶ 56:17 How Codie Sanchez Built a $50 Million Portfolio of Boring Businesses, and the #1 Skill to Learn in a Recession
Nov 22, 2022 positive
Insight
Sanchez: A good boring business needs 15% to 50% margins
“So I would say a good boring business is 15 to 50, 15 to 50% margins. 50 would be like really good. 15 would be like, okay, we've got a healthy business within lots of characteristics. One to three is awful.”
Codie Sanchez Nov 22, 2022 ▶ 28:50 How Codie Sanchez Built a $50 Million Portfolio of Boring Businesses, and the #1 Skill to Learn in a Recession
Dec 8, 2023 bearish
Opinion
Lieberman: Small Businesses Are a Bad Customer Base for Agencies
“The fourth is that small businesses are generally a really bad customer base. I think agencies that serve small businesses are the worst type of agency. I think the only companies that do well by serving small businesses are what I would call electricity, mean…”
Alex Lieberman Dec 8, 2023 ▶ 23:17 Weekly Recap: An Inspirational Entrepreneur, My Convos with Allstate & Activision, and Agency Lessons
Apr 28, 2025 neutral
Assertion Supported
Only 30,000 out of 34.8 million US businesses reach $100M revenue
“There are 34.8 million small businesses in the US. While there are only 30,000 businesses, In the US that are doing at least a hundred million dollars in revenue.”
Alex Lieberman Apr 28, 2025 ▶ 14:50 A primer on seedstrapping
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