Codie Sanchez

Then the second thing you want is their tax return, because they put together the P&L, but the IRS puts together the tax return.

So you want to match those two up.

And so very seldom is a small business owner going to pay the IRS more because they lied about their business making more than it really did.

And then the third thing that you typically need is there's, in almost all businesses, there is some, there's that 80-20 rule again.

So you want to match those two up.

There's like the 20% that really matter.

And then the third thing that you typically need is there's, in almost all businesses, there is some

So let's do an example of like a car wash.

Your lease really matters or the cost of the real estate really matters because that's one of your biggest expenses.

There's that 80-20 rule again.

There's like the 20% that really matter.

The utilities really matter because electricity and water are one of your biggest expenses.

So let's do an example of like a car wash.

Your lease really matters or the cost of the real estate really matters because that's one of your biggest expenses.

So you want to find out what is the other 20% that is going to drive 80% of the success of your purchase.

The utilities really matter because electricity and water are one of your biggest expenses.

So you want to find out what is the other 20% that is going to drive 80% of the success of your purchase.

We're learning a new skill as is here, right?

We're learning deal-making, how to buy a business, how to do a deal.

If we don't have to layer on another skill, which is an industry-specific skill and an industry that's hyper-complicated, that's a win.