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Codie Sanchez

πŸ‘€ Speaker
8830 total appearances
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Podcast Appearances

The Daily Stoic
A Stoic Masterclass for Ambitious People | Codie Sanchez

It's one of the reasons we run businesses the way that we do, because my belief is if we put more small businesses in the hands of local citizens, those businesses will keep money in the local economy, they'll hire from the local economy, and they will have happier citizens.

The Daily Stoic
A Stoic Masterclass for Ambitious People | Codie Sanchez

Plus, like, I don't want to go to another Starbucks.

The Daily Stoic
A Stoic Masterclass for Ambitious People | Codie Sanchez

I want to go to the coffee shop next to Ryan's store in Bastrop, right?

The Daily Stoic
A Stoic Masterclass for Ambitious People | Codie Sanchez

I just like that local experience.

The Daily Stoic
A Stoic Masterclass for Ambitious People | Codie Sanchez

And so I've put my money where my mouth is, which is I could very easily, the way we started our business was buying a bunch of businesses.

The Daily Stoic
A Stoic Masterclass for Ambitious People | Codie Sanchez

And I still own many businesses, but I used to buy them outright.

The Daily Stoic
A Stoic Masterclass for Ambitious People | Codie Sanchez

That's private equity.

The Daily Stoic
A Stoic Masterclass for Ambitious People | Codie Sanchez

And at some point I was like, well, if I keep doing that, I am the thing I hate in the world.

The Daily Stoic
A Stoic Masterclass for Ambitious People | Codie Sanchez

You cut costs over time.

The Daily Stoic
A Stoic Masterclass for Ambitious People | Codie Sanchez

So I could have kept doing that.

The Daily Stoic
A Stoic Masterclass for Ambitious People | Codie Sanchez

And then I said, well, instead, let's go educate people about how to buy these businesses.

The Daily Stoic
A Stoic Masterclass for Ambitious People | Codie Sanchez

Now, what's fascinating is we're so indoctrinated to the way that society works that people think private equity and running businesses like that is better than teaching people online.

The Daily Stoic
A Stoic Masterclass for Ambitious People | Codie Sanchez

They think that if you teach people online to buy businesses, it's some sort of scam or shill or whatever.

The Daily Stoic
A Stoic Masterclass for Ambitious People | Codie Sanchez

And I kind of understand that because there's a lot of people who shill things.

The Daily Stoic
A Stoic Masterclass for Ambitious People | Codie Sanchez

But I go back to like, when did we get indoctrinated to that?

The Daily Stoic
A Stoic Masterclass for Ambitious People | Codie Sanchez

That if I took two and 20, which is how they do expenses and private equity, of your dollars, that would be better than a one-time fee that will be one one-thousandth the cost of a business that you buy.

The Daily Stoic
A Stoic Masterclass for Ambitious People | Codie Sanchez

And so you do have to pick.

The Daily Stoic
A Stoic Masterclass for Ambitious People | Codie Sanchez

That was my stance.

The Daily Stoic
A Stoic Masterclass for Ambitious People | Codie Sanchez

And I think the cool part about when you run a business, pick a stance and see what you're capable of holding the line of.

The Daily Stoic
A Stoic Masterclass for Ambitious People | Codie Sanchez

And how strongly do you actually believe in the things?