“60% of small businesses are sold with seller financing.”
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More from Codie Sanchez
Opinion
Sanchez: Tech workers' voting records caused San Francisco's decline
“I know that if I looked up the voting record of you guys, most of the people in tech are the reason why it is where it is today.”
Codie SanchezMar 17, 2022▶ 6:26How to Get Rich Building Boring Businesses | Codie Sanchez, Contrarian Thinking
Opinion
Sanchez: Allowing hacks is better than centralized blockchain rollbacks
“I'm not sure that I would want if what I want is decentralization and not having, you know Autocratic tendencies an individual to be able to do that either. And I know there's this critique already about Ethereum and I don't know if it delved from this origina…”
Codie SanchezMar 17, 2022▶ 27:23How to Get Rich Building Boring Businesses | Codie Sanchez, Contrarian Thinking
PredictionNot checkable as stated
Sanchez: Default lifestyle will be living in vacation spots, commuting for work
“I think in the future we're going to we're going to live where we used to vacation and we're going to just go work where we used to live. And that will be the default mechanism.”
Codie SanchezMar 17, 2022▶ 11:30How to Get Rich Building Boring Businesses | Codie Sanchez, Contrarian Thinking
PredictionNot checkable as stated
Sanchez: Phishing scams will persist regardless of cybersecurity advances
“So like, my take is like, that will always exist no matter how intelligent the software gets. And in fact, I think it'll probably just get more and more difficult.”
Codie SanchezMar 17, 2022▶ 20:15How to Get Rich Building Boring Businesses | Codie Sanchez, Contrarian Thinking
Insight
Sanchez: ATM route investments break even for first three to four years
“Because how these models work is you really make no money for the first three to four years. You basically break even. And then after it, you can start to have a pretty nice little return.”
Codie SanchezMar 17, 2022▶ 29:00How to Get Rich Building Boring Businesses | Codie Sanchez, Contrarian Thinking
Insight
Sanchez: Small business acquisition returns remain high due to lacking standardization
“Over time, what happens is those arbitrage opportunities or the difficulty of doing something decreases, which means the return typically decreases too. And so this has happened in stocks. It's happened in real estate. It will happen in crypto, but I think we'…”
Codie SanchezMar 17, 2022▶ 34:39How to Get Rich Building Boring Businesses | Codie Sanchez, Contrarian Thinking
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