Codie Sanchez
34 statements across 1 episodes · 11 bullish · 4 bearish · 1 people on the record · first statement Jan 7, 2025 by Codie Sanchez · said 2 times in 1 episodes since 2024 · across every show →
On the record as a speaker too: Codie Sanchez's record, appearances and statements → this page counts the times other people say the name.
Mentions by year
brought up most by Charlie Hoehn (2)
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2024 2 mentions in 1 episode
Everything said about Codie Sanchez, oldest first
Jan 7, 2025
Sanchez: Firm performs forensic audits on most potential business acquisitions
“And then the second thing was we now do forensic audits on most of these businesses, which basically means you get somebody to get in there and you get really deep into the numbers because even if they're not committing fraud, a lot of entrepreneurs Aren't the…”
Jan 7, 2025
Jan 7, 2025 positive
Codie Sanchez demands candidates turn around paid project scopes in 24 hours
“I'd love to pay you a thousand bucks to do a project scope for me. That would be amazing. Like, how fast could you turn around a project scope for me? And if they're like, oh, a week, I'm like, oh, that's not my guy. It needs to be a 24 hour window.”
Jan 7, 2025
Jan 7, 2025 negative
Sanchez: Extreme Success Causes Friendships to Dissolve by Acting as a Mirror
“When you become really successful, you are a mirror on the things somebody else could have been, and so you are a reflection of every decision that they made that was short-term as opposed to long-term, and so I've lost many a friend by the mirror”
Jan 7, 2025
Sanchez: Firm requires one-year observation period if gut check fails
“If I don't like it on the first go, then we're waiting a year is our new rule. So if I feel any sort of anything, doesn't mean I'll never do a deal with a person, but I'm going to watch them for a year. It's kind of hard to fool somebody for a full year.”
Jan 7, 2025
Sanchez: First-time founders must run one business until it is self-sustaining
“If it's the first rodeo and the first time you've ever run a business, do one thing really well until that thing is profitable, self-sustainable, and you don't have to focus on it a hundred percent of the time. A hundred, that's my rule.”
Jan 7, 2025
Jan 7, 2025
Sanchez: Companies must replace squishy words with exact metric definitions
“And so, now we'll have definitions with metrics for almost everything. Because when you use the same words, then you're actually having the same conversation. Often we aren't. Like, good is too squishy. You can't tell what it means.”
Jan 7, 2025
Sanchez: The best way to secure mentors is direct employment
“I think the best way to get mentors today is go work for them. You know, don't ask you to do stuff one off, go to the highest performing companies you think you can get into. And if they're not that switch to another one because you get paid to get mentored.”
Jan 7, 2025 negative
Regulatory changes wiped out Codie Sanchez's multi-billion-dollar State Street fund overnight
“I ran a business where we sold money market funds to big pensions and sovereign wealth funds. And overnight my business was eviscerated. I mean, I'm talking about billions and billions of dollars in assets under management. It was at State Street, so it wasn't…”
Jan 7, 2025
Sanchez: Company uses structured 30-60-90 day plans with three-strike termination rules
“When people come onto my company, a hack to never have somebody be surprised by being let go is to start with a 30, 60, 90 day plan with every single person that you bring on board, even a new assistant. And those 30, 60, 90 day plans have very specific outcom…”
Jan 7, 2025 neutral
Vanguard offers low-stress stability but pays at the industry's bottom
“If you want to go work nine to five, have probably little to no stress whatsoever outside of work not have to work a ton, be able to take vacation days, have a low likelihood of getting fired, go work for Vanguard. Like, they're great at that. Like, they love …”
Jan 7, 2025
Employees must quantify their profit center status to maximize earnings
“It's the best way to make more money is to figure out, one, are you a cost center or a profit center? And then two, how much of a profit center or a cost center are you? And if you can do that, it's not just that you're helping your boss and the company. You a…”
Jan 7, 2025 positive
Sanchez: Professionals Should Embrace Intense Hustle Work Culture When Young
“I don't think you have to do it forever, but you should do it when you're young. And if anybody's getting triggered thinking about, well, I wouldn't want to work for Cody because she's super tough, and she's going to make me work really hard. I think it's a tr…”
Jan 7, 2025 positive
Sanchez: Asking candidates about recent all-nighters reveals true obsession
“One of my favorite questions is, when was the last time you pulled an all-nighter? You stayed up all night working on something that you loved? And a lot of times you can tell if somebody is an interested versus obsessed person by the fact that they're like, Y…”
Jan 7, 2025
Sitting near low performers decreases employee productivity by 30%
“And there was another study that I thought was fascinating about underperformers and high performers. And the study basically showed it was hundreds of employees at many different companies, and it was about proximity. So the, if you sat next to a high perform…”
Jan 7, 2025 positive
Women wearing makeup earn 15% more annually than equally attractive peers
“There was a fascinating study showing that women who wear makeup but have the same
attractiveness pull in a group of people. So everybody, so you were all sevens, let's say, but a seven who wears makeup versus a seven who doesn't wear makeup will earn 15% mo…”
Jan 7, 2025
Sanchez: Wealth Comes From Earning, Not Investing Without Capital
“Lesson number one is you never get rich investing. You get rich earning. And so the only people who are going to tell you to go invest first to make your first million are people that are trying to sell you something. Because it's just really hard to make mone…”
Jan 7, 2025 negative
Jan 7, 2025
Jan 7, 2025
Sanchez: Most new hires fail from lack of effort, not capability
“I mean, most of the reasons that people don't work out when you hire them is, is not capability, it's effort. And so if you can decrease the likelihood that you won't work hard for them, you have a much higher likelihood of getting the gig.”
Jan 7, 2025 negative
Sanchez: Hesitating to fire underperformers stems from managerial ego
“I think it is the peak of ego to be like, oh, I shouldn't let this person go because they have it better with me than anybody else. I don't know. I believe in their individual capacity to go and do something great that lights up their soul. And if this isn't i…”
Jan 7, 2025
Jan 7, 2025 positive
Sanchez: Resilient businesses collect payment upfront and leverage the Lindy effect
“In my definition, good business equals profitable, cash flowing, what I call a cash flow versus cash suck business, so you get paid up front for a service, not after you provide a service. Sustainable, it can exist for a long time. Historical, it has existed f…”
Jan 7, 2025 neutral
Jan 7, 2025 positive
Jan 7, 2025 positive
Jan 7, 2025 positive
Three metrics reveal if a business has product or marketing problems
“Three things, three numbers you need to look at. If you want to figure out if you have a company that needs to sell more things or needs to create better things, you need to figure out, one, what's your referral rate? How often do your customers tell somebody …”
Jan 7, 2025 positive
Jan 7, 2025 positive
Jan 7, 2025 positive
Sanchez: Attracting top talent requires an outsized vision and visible competence
“The right ask is, how do I create a vision so big That other people think their vision is bigger with me. And then the second question is, how do I become so good that they want to be with me and work with me because they think that I'm better in some instance…”
Jan 7, 2025
Jan 7, 2025
Sanchez: Acquiring boomer businesses via seller financing is heavily underutilized
“If you did that with a boomer based business where that boomer wants more sales, needs somebody young and hungry, you could negotiate part of that business just to apprentice for them and take it over over the long time using seller financing. And that I think…”