Codie Sanchez
๐ค SpeakerAppearances Over Time
Podcast Appearances
There's something called the 80-20 rule, right?
I'm not saying there's like a free lunch thing, but don't put yourself in a position where you're not able to feed your family or yourself.
Or Pareto's law, which is basically that 80% of your outcomes will come from the 20% of the things that you do and almost everything in life.
I don't think that's necessary.
Now, to their point,
There's something called the 80-20 rule, right?
And so I do think they're right in that focus is critical.
Or Pareto's law, which is basically that 80% of your outcomes will come from the 20% of the things that you do and almost everything in life.
In my business right now, I own 26 businesses, but 80% of my time goes to one business.
And so I do think they're right in that focus is critical.
And the rest of those businesses are operating with independent operators like a private equity model.
In my business right now, I own 26 businesses, but 80% of my time goes to one business.
If I had to split focus between 26 businesses, I wouldn't be here.
And the rest of those businesses are operating with independent operators like a private equity model.
And so there's this balance where two things can be true and have nuance, which is if you feel something so strongly that you couldn't sleep for the want of it, you have to build it, then do it and focus on that thing exclusively.
If I had to split focus between 26 businesses, I wouldn't be here.
And so there's this balance where two things can be true and have nuance, which is if you feel something so strongly that you couldn't sleep for the want of it, you have to build it, then do it and focus on that thing exclusively.
But for a lot of people, they're like, man, I just want to spend three more weeks this summer with my kids.
Or I just want to go on one more vacation than I can.
Or like, I'd like to just not have to worry about the price of guacamole and avocados on the side.