Codie Sanchez - How I Generate Wealth Through Unconventional Acquisitions
By The Exit - Presented By Flippa
For today's episode, Steve McGarry will talk to Codie Sanchez, founder of Unconventional Acquisition and a partner at Entourage Effect Capital. Codie is also an expert on investing, startup and small businesses, and cannabis. They will discuss how Unconventional Acquisition plans to save and help small businesses during these trying times. What is Unconventional Acquisition? This company buys and invests in small businesses in an approachable, blunt, and engaging way. They help companies struggling because of this pandemic to continue and flourish by partnering with them in exchange for a small profit: Unconventional Acquisition purchases and partners with profitable businesses willing to work and are passionate about what they do. What type of businesses are they looking for? Codie's company buys different sectors of businesses, and they also invest as a financial holder. They prioritize small companies that drive to grow and are passionate and have dreams of becoming prominent in the future. How big is her team? With Unconventional Acquisition, their team is not as big as her other companies. They have their outsource operators, implementers that help bridge all gaps between businesses, and a group of paid interns and contractors. Tips on how to have a successful business? It is always a good idea to have a due diligence checklist to work on daily or as you grow. Keep in mind that once you have the list down, always stick to it. Line up your financial criteria and know what your economic parameters are. Remember, these three crucial M's when running your business: marketing, monetization, streams, and markets. What would you tell Codie Sanchez ten years ago? Since she started in 2014, she would tell Codie from ten years ago to start now. To start small and strategically and to realize that what she is doing now is a great opportunity. So, start sooner! -- The Exit - Presented By Flippa: A 30-minute podcast featuring expert entrepreneurs who have been there and done it. The Exit talks to operators who have bought and sold a business. You’ll learn how they did it, why they did it, and get exposure to the world of exits, a world occupied by a small few, but accessible to many. For more information on buying an online business, become an acquisition entrepreneur, and invest in digital real estate visit www.flippa.com.