Codie Sanchez
๐ค SpeakerAppearances Over Time
Podcast Appearances
You could buy a business tomorrow with very little risk if you do a revenue share, a profit share, an asset sale.
And so when the people come into the group, what I say to them is it really depends on what type of purchase you're going to do.
There's no skin in the game.
And if you go bankrupt or the company fails or anything, you're not going to go bankrupt.
You could buy a business tomorrow with very little risk if you do a revenue share, a profit share, an asset sale.
You're going to be fine.
Now, if you're going to put your own money on the line or get a loan, we need to make sure that you have enough money and understanding of running a business so you're not going to go under.
There's no skin in the game.
And if you go bankrupt or the company fails or anything, you're not going to go bankrupt.
You're going to be fine.
And those are the things that I try to talk people into.
Now, if you're going to put your own money on the line or get a loan, we need to make sure that you have enough money and understanding of running a business so you're not going to go under.
Typically, if you've run a business before, you should be able to buy a business.
If you've been an exec at a company before, you should be able to buy a business.
And those are the things that I try to talk people into.
If you've done real estate before, you should be able to buy a business.
Typically, if you've run a business before, you should be able to buy a business.
And if you have some excess cash so that no deal can ever go sideways enough and ruin what momentum you already have,
If you've been an exec at a company before, you should be able to buy a business.
If you've done real estate before, you should be able to buy a business.