I Found A Recession-Proof Business

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Codie Sanchez

Codie Sanchez

Күн бұрын

Пікірлер: 589
@CodieSanchezCT
@CodieSanchezCT Ай бұрын
There is one truth I say over and over again… It’s easy to start a business. It’s WAY harder to make a profitable one. That’s why I think buying a business with existing cashflow is the best choice. I call it acquisition entrepreneurship. If you’re curious about business buying, I’m hosting a free 90 minute class on October 16 @ 11AM CST. You can sign-up through this link! Can’t wait to see you there, we’re bringing the heat 🔥 contrarianthinking.biz/4gRbKRg
@Ballesteros-d
@Ballesteros-d 16 күн бұрын
I don't know why, but so many businesses seem to struggle this 2024. I know a self-published author, a hairstylist, a coffee shop owner, and a realtor saying the same thing. I am keen on retiring comfortably at 40 with at least $2m, only to spend more time with my kids.
@AstridJohansen-z
@AstridJohansen-z 16 күн бұрын
$2M is an awesome goal, you inspire me to retire comfortably too
@Biggerstaff4
@Biggerstaff4 16 күн бұрын
financial planning should be considered in order to get the best out of your money... business/savings/investments
@M.Herlihy
@M.Herlihy 16 күн бұрын
I’m quite lucky exposed to personal finance at an early age, started job 19, purchased first home 28. Going forward, got laid-off at 36 amid covid-outbreak, and at once hired an advisor to help stay afloat. As of today, I'm just about 10% shy of my $1m investing goal.
@Linette-g-y
@Linette-g-y 16 күн бұрын
@@M.Herlihy bravo! mind if I look up the professional guiding you please? i'm ill-prepared tbh, my 401k gains are zero-nothing and my stock portfolio is going down too
@M.Herlihy
@M.Herlihy 16 күн бұрын
I've stuck with ‘’Sophia Verdekal O'neal” since the 2020 pandemic, and her performance has been consistently impressive. She’s quite known in her field, so you can confirm her on the internet.
@BradSimmons
@BradSimmons Ай бұрын
OMG, I love Codie. I have been in several businesses since 1981, have grown from a welfare and food stamps kid raised by a single mom - to a multi-8 figure portfolio of businesses and assets. EVERYThing she tells you is #1 legit and #2 Codie explains it in a super easy way to understand. If you are sitting around wondering what to do - she gives it all to you - just pick one. #NoExcuseForFailures Love and admiration to you girl.
@markheinle6319
@markheinle6319 13 күн бұрын
i know for sure that when you are in a successful business with profit margins, you always tell everyone else to do the same thing. that way you have competitors and you have to compete for business. step 1 - find a market where you are successful and making money. step 2 - tell everyone else they should do it to that way you have to compete against everyone. makes tons of sense. this is not a get rich quick, self help type video where the viewers of the video are the product. this is just telling people about how there is a secret money printing machine and these people are going to share the secret with you, because they care.
@HanTheProphet
@HanTheProphet Ай бұрын
my dad bought a business like this but it ultimately did fail due to exchange rate pressure. he always tells me to find old dudes with no succession plan. solid plan to buy businesses with very little money usually
@soothingmusic1607
@soothingmusic1607 Ай бұрын
What do you mean by exchange rate pressure? If you msy kindly elaborate please
@davidmack4495
@davidmack4495 Ай бұрын
what is rate pressure?
@HanTheProphet
@HanTheProphet Ай бұрын
@@soothingmusic1607 we are in Canada and owned a tier 3 automotive manufacturing business. The big American tier 1 dogs(like ford) call all the shots and ofc their entire supply chain is in USD so they don’t face any unexpected surprise with the exchange rate Half-most of our inputs are bought in CAD, if the exchange rate goes too far against us, we get squeezed We had like multi year contracts with the tier 2s (like manga, polycon), they supplied the likes of ford. lol when we had too much work we would offload it to an even smaller plant, I suppose that’s like tier 4
@coreyh7323
@coreyh7323 Ай бұрын
Some old dudes need the money in order to retire.
@HanTheProphet
@HanTheProphet Ай бұрын
@@soothingmusic1607 sorry I replied earlier with more detail but it seems to have not posted It was basically buying many inputs in CAD while making and selling auto parts in USD. When the exchange rate goes against you it can be difficult as the contracts with customers(polycon, magna, etc) are long term and they have a lot of power. They supply tier one manufacturers like ford etc, who call the shots and expect to pay for everything in USD, so they don’t have any surprises.
@indicasativa8542
@indicasativa8542 Ай бұрын
I own a small street sweeping company in Florida, just 2 trucks. Maintenance on these trucks can and will eat up profits very fast. Depending on the truck, ( I have 2 Timco’s) you literally have 2 diesel engines that require meticulous maintenance. Sweeper brooms are expensive as hell. I make enough money to be my own boss but no way I can retire.
@dmvbay2535
@dmvbay2535 Ай бұрын
Get a loan and buy more machines to have multiple profit centers (trucks) and that will expand your overall revenue and profit.
@ssj4naka
@ssj4naka 28 күн бұрын
Who are your customers? Cities? Lot owners? How do you get leads?
@grizzlyblue6389
@grizzlyblue6389 27 күн бұрын
​@dmvbay2535 buying more trucks doesn't change the maintenance requirements. It scales, but you also get a lot more opportunities for breakdowns. Vehicle based businesses are difficult. Also 800k revenue in this business isn't a lot of take home income.
@coldfusion5153
@coldfusion5153 24 күн бұрын
Can you take home 200 k a year with one truck?
@WideAwakeHuman
@WideAwakeHuman 10 күн бұрын
@@grizzlyblue6389 “not scaling” is never the answer lol - he either needs to get out of that business or scale it. And it doesn’t change the maintenance requirements but the revenue u make the more take home money or money to scale u have.
@DocAthena4761
@DocAthena4761 Ай бұрын
Pro tip... learn to say NO to customers. Learned this the hard way when I owned a concrete construction company. Subcontracting is easy and profitable until something goes wrong and the customer looks to you to fix it and your reputation is on the line. I found that the "little extra on top" wasn't worth the liability and exposure.
@Thierry-in-Londinium
@Thierry-in-Londinium 25 күн бұрын
Exactly! Plus, there are people in the world who have different morality & ethical codes + workmanship standards. So unless your super on-top of everything (and how could you be, this isnt core?!) your wide open to been taken advantage of by a host of rogue players.
@asheetuglasse
@asheetuglasse 20 күн бұрын
Sounds like "some money is too expensive". Something I live by now after learning it the hard way.
@JacobBonta
@JacobBonta Ай бұрын
Keep these coming Codie! Love it.
@CodieSanchezCT
@CodieSanchezCT Ай бұрын
Whoop whoop! Thank you
@JacobBonta
@JacobBonta Ай бұрын
@@CodieSanchezCT Wow... Straight up fan boying right now...
@Spirit_well
@Spirit_well Ай бұрын
They are pretty good videos
@BizBob2
@BizBob2 Ай бұрын
Love the sit in the middle tip between large and smaller competitors. That might now work in all businesses but here it does.
@CollinRutherford
@CollinRutherford Ай бұрын
Impressive how trusting your team allowed for growth even when you were away. That’s true leadership!
@dextersuarez9948
@dextersuarez9948 28 күн бұрын
I run one of these for the government among other pieces of heavy equipment. If I knew I could make this kind of money if I bought and maintained one on my own, I’d be a hell of a lot better off right now. Super cool idea.
@professorcygnus7069
@professorcygnus7069 Ай бұрын
Excellent film and edit. A KZbin career is an incredible opportunity.
@Helen_white1
@Helen_white1 25 күн бұрын
Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have my net worth increase by $500k in the last 4 years.
@Theodorebarba
@Theodorebarba 25 күн бұрын
Let's face it... buying more stocks & index funds during stock market corrections and bear markets is scary. Which makes it really hard to do for most people like me. I have 260k i want to transfer into an s&p but it’s hard to bite the bullet and do it.
@Kin-28-8
@Kin-28-8 25 күн бұрын
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
@berniceburgos-
@berniceburgos- 25 күн бұрын
This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?
@Kin-28-8
@Kin-28-8 25 күн бұрын
My CFA ’’Stacy Lynn Staples, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
@Thompson-e7h
@Thompson-e7h 25 күн бұрын
Thank you for sharing, I must say, Stacy appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive.
@redmtl1
@redmtl1 Ай бұрын
I wish more young women admired leaders like Codie Sanchez, who stand for independence and real success, instead of pop stars.
@MdArfa-k5v
@MdArfa-k5v Ай бұрын
Love this type of content. It provides so much value❤ Keep it running Codie!!!!!
@antwayne92
@antwayne92 8 күн бұрын
I worked for a large sweeping company had close to 300 properties 20 trucks the best trucks are the NiteHawk sweepers easy maintenance parts are inexpensive. I learned a lot from the owner he created multiple lines of revenue, but it was so overwhelming the business is 24/7 I am going to start my own sweeping company 5 trucks is large enough to maintain and still provide your customer with the best service.
@StephanieMoore-oj7vz
@StephanieMoore-oj7vz 22 күн бұрын
I’m 52 hoping to end the rat race by 60 with above $1M. I know money is a liability to be exchanged for assets with real value like real estate (properties for rent) stocks (dividends) bonds (interest) But, what is it with bitcoin? I hear a lot about it and I'd love to diversify my portfolio.
@JeremiahHoward-ys4pt
@JeremiahHoward-ys4pt 22 күн бұрын
bitcoin does not pay any yield but will reward you with growth that you can't find in any other asset class
@DavidMartins-y1c
@DavidMartins-y1c 22 күн бұрын
look at the charts, bitcoin has outperformed every stock and banking product ever developed even after multiple pullbacks over the last decade. not a financial advisor but I know what i'm saying
@BrianWilliam-m6l
@BrianWilliam-m6l 22 күн бұрын
The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.
@jeffbox1torres
@jeffbox1torres 22 күн бұрын
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
@HieuTri-vw9zw
@HieuTri-vw9zw 22 күн бұрын
I went from no money to lnvest with to busting my A** off on Uber eats for four months to raise about $20k to start trading with Evelyn Infurna. I am at $128k right now and LOVING that you have to bring this up here
@ThrowBackZone
@ThrowBackZone Ай бұрын
Imagine telling your friends you own a street sweeping business and they're like, 'Wait, what?' But then you drop the 'I make millions' line. Priceless! 😂
@TT-ik3kd
@TT-ik3kd Ай бұрын
But he doesnt make millions…
@HanTheProphet
@HanTheProphet Ай бұрын
@@TT-ik3kd yeah this is not bad but hes got a ways to go before hes making a million. he can say hes on his way to making millions, optimistically
@KJInvesting
@KJInvesting Ай бұрын
For anyone grappling with how to start in real estate investing, turnkey multifamily investments provide a solid foundation
@satisfiedvideosberry7748
@satisfiedvideosberry7748 Ай бұрын
Pandemic proof ?
@oliviariv
@oliviariv Ай бұрын
That's exactly the thing that makes your business oversaturated with copy cats and within 2-5 years there's no longer any money in it because gloating was more important to you.
@Maksilver
@Maksilver Ай бұрын
I love Cody, she is always asks the right questions to get the right answers we are looking for. You and your team really have spiked my interests in businesses with a renowned perspective
@Gideonkolawole1
@Gideonkolawole1 Ай бұрын
That's why i love your shows. You keep everything real and simple. I love the fact that anyone can start a simple business like this. Thanks for this ma
@EvanHobbs-o1j
@EvanHobbs-o1j Ай бұрын
This is so silly you don't "make" the total revenue of the business. You make revenue minus costs, i.e. profit. When she does napkin math she says he "makes" $1480/day when actually he makes $880 and that's ignoring all the other costs replacing equipment as it breaks, advertising, etc, etc. Is she bad at math or is it just clickbait?
@brandon3372
@brandon3372 Ай бұрын
Yes probably trying to get clicks/likes. That said she is very savvy, and $27,000 a month after expenses for a business he paid very little for is pretty darn good I would say.
@EvanHobbs-o1j
@EvanHobbs-o1j Ай бұрын
@@brandon3372 how is he making $27,000 a month after expenses? It seems like they're conveniently ignoring all the current and future expenses to make it seem he's making more money than he is.
@davidwade4291
@davidwade4291 Ай бұрын
The owner might be fudging the numbers in order to attract a buyer.
@miked2543
@miked2543 Ай бұрын
I'll take $880 a day any day
@curtbergeron703
@curtbergeron703 Ай бұрын
All these entrepreneurial video channels are the same. Definitely clickbait. They all try to make it seem that the business keeps the total revenue.
@user-zk6fc3dw9e
@user-zk6fc3dw9e Ай бұрын
$2,500 a month times 5 years = $150k That $60k purchase price must have had a pretty high interest rate. And it sounds like the previous owner still got the going rate for the used equipment.
@thebestchristmassongsofalltime
@thebestchristmassongsofalltime Ай бұрын
I quickly did the maths also, and realised it didn't add up. I love Cody, but just curious..... how she did not pick up on the inaccuracy 😢
@danilomoreira9861
@danilomoreira9861 Ай бұрын
I love people like you, that always find excuses to not implement. Better for the doers! She shares gold for free, but keep complaining! Good luck!
@user-zk6fc3dw9e
@user-zk6fc3dw9e Ай бұрын
@@danilomoreira9861 If there is one place to be critical in business, it's the numbers. A miscalculation or oversight can cause what you thought was a home run to have negative cash flow. Discussing this with new entrepreneurs is very important. A loss can sideline you for years.
@giffy7962
@giffy7962 Ай бұрын
bro worried about 150k over 5 years when dude is grossing 75k a month lmao
@user-zk6fc3dw9e
@user-zk6fc3dw9e Ай бұрын
​@@giffy7962bro doesn't understand revenue vs profit. If you're making $75k a month, why do you have a $150k liability at all? Numbers matter, especially when it comes to profit and losses. Incorrectly tracking numbers bankrupts small business every day.
@timgillman
@timgillman Ай бұрын
Brilliant! For expanding a business if you think about 4 squares on one axis you have selling the same products to existing customers or new customers. On the other axis it is selling new products to the same customers or new customers. The square with New/New is called the "death square" because it is the hardest. But think about it, every business you start from scratch will be in the death square (New products to New customers). Buying an existing business and then selling new add-on products means that they have already seen that you can deliver.
@Prem_saga
@Prem_saga Ай бұрын
Amazing video, I noticed that most people work for 40yrs to have $1M in their retirement, meanwhile some people are putting just $10k to $50k into trading from just few months ago and now they’re multimillionaires~
@DianaGai
@DianaGai Ай бұрын
Investing can be complex, so it’s smart to get professional guidance when building your financial portfolio.
@Alvaro_m113
@Alvaro_m113 Ай бұрын
If you’re new to investing or don’t have much time, it’s best to get advice from an expert. Investing without proper guidance can lead to mistakes and losses. I’ve learned this from my own experience.
@Michaelkilp
@Michaelkilp Ай бұрын
Yes getting professional help is a smart move when it comes to building a strong financial portfolio that matches your long-term goals. It’s always wise to seek guidance from experts.
@Jerryfranc
@Jerryfranc Ай бұрын
Waking up every 10th of each month to $64,000 it’s a blessing to I and my family… Big gratitude to Matthew Roszak 🙌
@Aprilweaverr
@Aprilweaverr Ай бұрын
Hello , I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can’t decide what is best. Can you explain further how you invest and earn?
@markregan7639
@markregan7639 Ай бұрын
This is why your videos are top notch, it's doable, informative, and interesting
@jacobsmithjr
@jacobsmithjr Ай бұрын
I know a guy in this same situation. He has a street sweeping/paving business. He's in his mid 70s and wants to retire. He wanted to hand the business of to his son but his son is deadbeat.
@soothingmusic1607
@soothingmusic1607 Ай бұрын
At which location?
@22ledmelon
@22ledmelon Ай бұрын
Please tell me how to contact this guy.
@agarcia2715
@agarcia2715 Ай бұрын
Want go in on a truck?
@Knobleknight
@Knobleknight Ай бұрын
Dude give me that guys contact, I’ll work his buisness up to the moon
@BillLaBrie
@BillLaBrie Ай бұрын
Many such cases. Great opportunities, but watch out for debt, deferred maintenance, sweetheart deals that applied only to “the guy,” etc.
@BizarroLanigirod
@BizarroLanigirod Ай бұрын
One of your best videos Codie
@ezequielcastilloespinosa3790
@ezequielcastilloespinosa3790 Ай бұрын
Hey guys you need to stop complaining about every detail not make sense for you’ll. This is for free “INFORMATION”. If you want to try it it’s on you figure out. 🙏🏿
@ArturoM.Dykstra-55
@ArturoM.Dykstra-55 Ай бұрын
Hi! I’m excited to be here in your channel and I’m interested in learning more about investing and saving up for my retirement but am a little confused about the whole process. Any advice or tips to get me started up would be greatly appreciated.
@wandemiles
@wandemiles Ай бұрын
Retirement is now more difficult than it was in the past. I've been saving for a long time instead of investing, and right now I only have about $400K. considering all the inflation, i'm thinking of investing in stocks, i dont just have idea on market strategies.
@SaraAhmadi-tn8nn
@SaraAhmadi-tn8nn Ай бұрын
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
@BennieY.Jenkins
@BennieY.Jenkins Ай бұрын
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800k
@JacobMcDonald-wb6wl
@JacobMcDonald-wb6wl Ай бұрын
Mind if I ask you to recommend this particular coach you using their service?
@BennieY.Jenkins
@BennieY.Jenkins Ай бұрын
Her name is Patricia Strain. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
@TheologyUnleashed
@TheologyUnleashed Ай бұрын
$2,500 a month for 5 years is 150k, not 60k
@ryanrendon4126
@ryanrendon4126 Ай бұрын
I've been watching your videos lately and really enjoy them! The napkin math part of this video was a little confusing. Did I miss something? If someone made $1,480/day doing 2 jobs a day at $740 per job, with a $300 cost per job, that's $600 in operating costs per day. Wouldn't it be, $1,480 - $600 = $880 x 5(days a week) = $4,400(weekly profit) x 52(weeks a year) = $228,800? Still a lot of money, but $156k short of $385k
@ttstang89
@ttstang89 Ай бұрын
Realistically I've seen guys do $100k to $150k doing this with one truck and they're grinding. Not bad income though but far from this video.
@slickh20
@slickh20 Ай бұрын
Isnt that for one truck? he ran 4 trucks at a time... although didnt sound like he had enough drivers...
@zuy-lenalejo7855
@zuy-lenalejo7855 Ай бұрын
I’m on biz scout and I can’t get past the 1st page. There are 3 pages and no matter what page I am on it only shows pg 1. Please try to fix. I am enjoying the clean look ! Great upgrade from the competitor 😊❤
@judith3413
@judith3413 Ай бұрын
I thought the street sweeping was something the city did. I didn't know it was a private business
@kmoov90
@kmoov90 Ай бұрын
It's through contracted services
@ElCidPhysics90
@ElCidPhysics90 Ай бұрын
Same
@justauser
@justauser Ай бұрын
Depends on the city
@bjantilla8004
@bjantilla8004 Ай бұрын
Cities do very little other than water meter billing and connect/disconnect. Most everything is contracted - utility projects for water/sewer, street lights, paving. Infrastructure maintenance and new builds are bid to other companies
@LoneStarTrash
@LoneStarTrash Ай бұрын
Codie, we have decided to invest some of our budget into Sponsoring your napkin subscription. Lone Star Trash napkins coming soon!
@willblackburn3371
@willblackburn3371 13 күн бұрын
Great video! I would like to learn more about the disposal side of it though. Is all the waste just dumped at a landfill? Does he collect it all in dumpsters on site and then ship it out?
@LADPR-f3j
@LADPR-f3j Ай бұрын
I like all the questions she made, straight to the point.
@jayavatar1577
@jayavatar1577 11 күн бұрын
Holy track! 200k track ain't no cheap! But dude got business in his blood
@FutureMemories1983
@FutureMemories1983 26 күн бұрын
my parents sell and rent street sweepers, better brands than Elgin and Tymco as well, but these income levels are valid.
@Dwigg-l3i
@Dwigg-l3i 13 күн бұрын
Kinda feel like this one is as good as it is because its Cali. I bet lot of people dont get what they do I know I don't. Ive see street sweepers here that move stuff from like corners of the street but it just moved the dirt over few feet it didn't seem to collect it.
@nickw0tup
@nickw0tup Ай бұрын
Such a great business idea . Here in NZ there is monopoly in place which keeps parks and street maintenance locked in to big corporation contracts . Leaving the local little guys to pick up the slack on their own cost .
@pharmacistshane
@pharmacistshane 28 күн бұрын
I make 65k- 80k/month in revenue selling pet meds and nutraceuticals on Amazon working out of my basement and garage. Net 21-27%, No overhead, no employees, no rent etc. Been doing it 13 years.
@gladiator0076
@gladiator0076 Ай бұрын
Something is wrong with the math here. Charge $740 per job x 2 jobs a day = $1480 Minus $300 cost per job x 2 jobs a day = $600 $1480 - $600 = $880 profit per day, not $1480 $228,800 profit per year is still great.
@JK-zl7vv
@JK-zl7vv Ай бұрын
We have added hazmat clean up as part of our cleaning business, you just need a vacuum system, a couple of 330 gal liquid storrage containers a box truck, and hand squeegee's, to clean up fuel spills from 18 wheelers and gas stations, and any other type of clean up needed, we charge $15,000 per hazmat clean up, its a very profitable business to add to your street sweeping business. 🧐🤔😎👍
@gretaworship1989
@gretaworship1989 Ай бұрын
What do you do with Hazmat waste?
@jay-j6l
@jay-j6l 23 күн бұрын
sure just sink is a ton of upfront money, maintanace, gas, insurance, repairs, parking, storage and bingo become rich working for yourself because you know the business will just come to you
@rockstertx
@rockstertx Ай бұрын
The perfect Add On Business for him would be Graffiti Removal services... many cities have ordinances that require it to be removed quickly.
@paulsheridan8213
@paulsheridan8213 24 күн бұрын
800k revenue is amazing,… unless your cost is 850k. Need more numbers 2:07 …. EDIT: Thank you for napkin math!!
@cynthia7255
@cynthia7255 Ай бұрын
Vanessa Van's ted talk "You are contagious" is one of my favourites
@RockyTapscott
@RockyTapscott Ай бұрын
Just grabbed your Book from Audible. Can't wait to listen in December
@TheSpinoza43221
@TheSpinoza43221 Ай бұрын
This is a great video filled with good info. You did an awesome job putting this together Codie.
@cmorr72
@cmorr72 23 күн бұрын
Great episode. Good energy and really good pointers for looking at starting a business. Look forward to many more.
@tomrkba4685
@tomrkba4685 24 күн бұрын
Well…this is a MISERABLE job. I did it and if you have to do the actual work, you are in for a shock. I worked 6 PM to 6 AM and I know the owner left after me. If you are a hands off owner, it’s probably okay so long as your crews are reliable and you have an in house mechanic and good shop boss. Owners should probably still show up to manage things, which means you need to show up and do the overnights…which is back to misery. Owners had better get good private contracts too because the state doesn’t pay well.
@Firetail82
@Firetail82 Ай бұрын
Codie god bless you, wonderful stuff, I am about start climbing this path, looking to do what you are showcasing
@justinmathias2495
@justinmathias2495 Ай бұрын
Cody looks so good in overalls
@Maksilver
@Maksilver Ай бұрын
Also, thank you for explaining it so well. I hope your business gets better and better
@123gmoreira
@123gmoreira 20 күн бұрын
My question is where do you find businesses like this for sale?
@davekeefe8938
@davekeefe8938 Ай бұрын
Had to stop at “we bought the business for $60k” seller financed for 5 years for payments something like $2500/mo…..doesn’t know his numbers.
@edhull7068
@edhull7068 Ай бұрын
pretty poor interest rate...
@MarceloLaraM
@MarceloLaraM Ай бұрын
I love this chapter and I love your style Codie. Thanks for the useful information.
@VictorGonzalez-df8io
@VictorGonzalez-df8io Ай бұрын
Take it to another level with fleet yard sweeps Large construction companies with fleet yards. Just a thought for consideration!
@Doofus171
@Doofus171 13 күн бұрын
Yeah, but he's running that business in very high cost of living areas in California. Anyone else trying to duplicate his business will fail to bring in those numbers because they wont be able to charge as high as he does in California.
@crazyoilfieldmechanic3195
@crazyoilfieldmechanic3195 Ай бұрын
Kid was at the right place at the right time with the ability to get the right financing is all. Very rare opportunity.
@pibblesnbits
@pibblesnbits Ай бұрын
Codie dressed like a total bae for the baseball player. Anyone else notice?
@salnaveaugustin1790
@salnaveaugustin1790 Ай бұрын
no I notice a big bulge bone in her right hand in her right hand.
@philbax
@philbax Ай бұрын
"I'm available" 😝
@uriahz
@uriahz Ай бұрын
She's not like painfully obvious about it, but if he and I were friends I would definitely tell him that she seems kinda into him.
@russellholm742
@russellholm742 23 күн бұрын
I call bs on this . I've been running a sweeping business for 36 years and the equipment costs are brutal. The repair costs on old junk will kill you. The amortization costs of new equipment will eat your profits. I know of way more profitable business's but I'm not telling everyone.😂
@nobis64
@nobis64 Ай бұрын
Cody, You are a machine! You Rock!!
@definitiveenergy1878
@definitiveenergy1878 Ай бұрын
What have you realized in the overhead eg. maintenance, registration, insurance, licensing and bonding? Great video!
@paulsz6194
@paulsz6194 Ай бұрын
No mention of the average price of Gas/ Diesel per month, cost of vehicle insurance, public liability insurance, cost of medical insurance, finding good reliable mechanic who can respond quickly to service these types of specialised vehicles, at a reasonable price. Does he have his own mechanic & parts inventory for the cleaning equipment? If he is wheels ain’t turning, he ain’t earning! I would really like to see the P & L spreadsheet for the last 90 days and the balance sheet as well….
@janick01ify
@janick01ify 24 күн бұрын
So buy an already operating business. Get a 90% discount on everything. Check
@HappyPenguin75034
@HappyPenguin75034 Ай бұрын
Can you show your financial statement for the month including AP.
@aholiab4321
@aholiab4321 Ай бұрын
Daniel from Nigeria !--- Thank you Codie Sanchez
@robnowlin7285
@robnowlin7285 Ай бұрын
Enjoyed the video, I dont know about Codie driving though. lol.
@BHJ7115
@BHJ7115 Ай бұрын
People who actually make money don't talk about how they earn it unless they want your money.
@tw8032
@tw8032 Ай бұрын
The insurance cost is crazy.
@nicholasvarro7382
@nicholasvarro7382 Ай бұрын
Two drivers and he makes $60k a month and lives in a different state?
@user-zk6fc3dw9e
@user-zk6fc3dw9e Ай бұрын
That's top line revenue, so the profit margins are significantly lower than that, which was not highlighted very well in the video. It sounds like after a certain amount of business the fixed costs are covered and the profit goes way up after that. However, ir also sounds like there is limited demand for the work, which means there absolutely is an upper threshold, and it's probably a lot lower than most would expect. Give it three to five years, and I'm guessing this guy will sell this business to an unsuspecting employee (outside this business) who is sick of their W2 job. That sale is where the actual profit will generated.
@gialamhuynh5448
@gialamhuynh5448 Ай бұрын
The company makes 60K. Not him. Then he has to substract fees, salaries, depreciation, taxes etc.
@mcconn746
@mcconn746 Ай бұрын
"Dirty Jobs" with a little different focus. I love it.
@HodgeChris
@HodgeChris Ай бұрын
Tired of the "recession is coming!" threat. Recessive periods come along with equivalent market opportunities if you are well informed and equipped, I've seen folks amass wealth in the midst of economic turmoil and even pull it off easily in favorable conditions. Invariably, the collapse is getting somebody somewhere rich
@KaurKhangura
@KaurKhangura Ай бұрын
Choose quality stocks and follow them up. If you're not one for such complexities, work with an Advisor to grow your portfolio. You can't go wrong with a sound CFA.
@Justinmeyer1000
@Justinmeyer1000 Ай бұрын
You're right, I and a few Neighbors in Bel Air Area work with an advisor who prefers we Dollar cost averaging across other prospective sectors instead of a lump sum purchase. Following this, my portfolio grew by more than 40% in the 2nd quarter.
@PatrickFitzgerald-cx6io
@PatrickFitzgerald-cx6io Ай бұрын
I'm intrigued by this. I've searched for portfolio managers online but it's kind of hard to get in touch with one. Okay if I ask you for a suggestion?
@Justinmeyer1000
@Justinmeyer1000 Ай бұрын
I've stuck with ‘’Aileen Gertrude Tippy’’ for about 9 months now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
@PatrickFitzgerald-cx6io
@PatrickFitzgerald-cx6io Ай бұрын
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
@MysterSer333
@MysterSer333 Ай бұрын
@17:45 your passion is clear and I thank your for giving it your all....
@LeahRossini
@LeahRossini Ай бұрын
Anyone else see the sparks flying between these two 😍 ummmm please go on a date and keep us posted!
@RichardCInman
@RichardCInman Ай бұрын
Profoundly true finish on this video.
@amgeezy_2709
@amgeezy_2709 Ай бұрын
Financing $60k for $2500 month for 60 months 😮 I’d write loans like that all day to people. Tell me he was wrong.
@TheGreatEscape77
@TheGreatEscape77 Ай бұрын
very very few people willing to sell there lifes work for no money. to some young 22 year old with no experience. YOU NEED MONEY. dont get your hopes up. nothing is Free. NOTHING.
@nxlevel
@nxlevel Ай бұрын
She likes him, I could tell by her body language. He seems to like her too. He should ask her out on a date, they would be a good looking couple. Her comment at the end playing off that shes available proved what i aready could sense. Great business BTW. i've been thinking about starting one of these for a few years now, might just take the step after seeing this video.
@nxlevel
@nxlevel Ай бұрын
Oops... I take back the date part. I rewatched and she has a ring on.She's already taken, so she's off limits in my eyes!
@dinosshed
@dinosshed Ай бұрын
​@nxlevel nah dude. You can't have chicken for dinner every night!
@easypro
@easypro Ай бұрын
Okay buying the equipment and hiring drivers is EASY but how do you find the people that give you the street cleaning jobs??
@TheFrayman
@TheFrayman Ай бұрын
This industry is so saturated, you'd have to be a celebrity to get in.
Ай бұрын
Love this!
@verycautiouspersona
@verycautiouspersona Ай бұрын
Heard someone say it's important to stick to stocks that are recession-proof, hence I'm looking at NVIDIA and other AI stocks, or are there recommendations? I'm 31 and I've got $150k ready money to invest for my future.
@justlikeasoldier
@justlikeasoldier Ай бұрын
the idea is to look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recession, speaking with a proper advisor can be very useful most times in getting the job done.
@beautifulpeopleonearth
@beautifulpeopleonearth Ай бұрын
The issue is most people have the “I will do it myself mentality” but not skilled enough. Ideally, advisors are perfect reps for investing jobs and at first-hand experience, my portfolio has yielded over 330% since covid-outbreak to date, summing up nearly $1m.
@everceen
@everceen Ай бұрын
@@beautifulpeopleonearth quite inspiring! could you be kind enough with details of your advisor please? in dire need of proper asset allocation
@beautifulpeopleonearth
@beautifulpeopleonearth Ай бұрын
very much appreciated, just copied and pasted Katherine Nance Dietz on the web, easily spotted her consulting page and was able to schedule a call session. Ive seen commentary about advisers but not this phenomenal
@garrickphillips-x1z
@garrickphillips-x1z Ай бұрын
glad to have stumbled upon this, curiously copied and pasted Katherine Nance Dietz on the web, easily spotted her consulting page and was able to schedule a call session. Ive seen commentary about advisers but not this phenomenal
@edmundsenterprises9786
@edmundsenterprises9786 Ай бұрын
'17:47' Murica ✊️ Thank you!!
@directed_by_steve
@directed_by_steve Ай бұрын
Sheesh. Codi is Genius. I'm over here looking at this. OG cinematographer here competing with a diluted Industry. LOL
@naomimercermckell8976
@naomimercermckell8976 Ай бұрын
Saaaaame-20 year voiceover professional in a market where supply is 10x the demand. Shit more now that AI can do half my jobs.
@directed_by_steve
@directed_by_steve Ай бұрын
@@naomimercermckell8976 I miss the days of getting paid @k with my Lighting and camera Package. Now I have to compete with these Bozo's doing stuff for free and $150 a day people SMH
@directed_by_steve
@directed_by_steve Ай бұрын
@@naomimercermckell8976 Yeah some of those Ai voices are not natural. I still like paying for real people.
@Utubegoogleguy
@Utubegoogleguy Ай бұрын
Love this channel. How did you get so smart? Savage!
@AdamCronk
@AdamCronk 13 күн бұрын
Did he say $70-$80/hr???
@davidmack4495
@davidmack4495 Ай бұрын
this wouldn't work where I live....the cost to store these vehicles and maintain them on 1/2 to 1 acre would be insanely expensive.
@ibrahimal-khalaf8008
@ibrahimal-khalaf8008 Ай бұрын
I randomly looked at your account and found this. Thank god.
@cyberramjet8668
@cyberramjet8668 Ай бұрын
Good business. I operated same type of business in the late 70's to early 80's, I would suggest adding lawn care and landscaping services too. These businesses complement each other very well.
@heatice77
@heatice77 Ай бұрын
Really informative, thank you
@wardhanes
@wardhanes Ай бұрын
Remember, you’re doing this in a country that hasn’t gotten rid of pennies yet
@Kita-Kamakura
@Kita-Kamakura 26 күн бұрын
And remains not on the metric system.
@raultorres847
@raultorres847 Ай бұрын
These videos are really good! She should make content : D
@MyShotsTickle-im5ss
@MyShotsTickle-im5ss Ай бұрын
Sure!!!!!
@milehyandriver
@milehyandriver Ай бұрын
Wow that ending speech was inspiring.
@meatbyproducts
@meatbyproducts Ай бұрын
Street sweeping is cool, but it will get hit hard in a recession.
@senadb34
@senadb34 Ай бұрын
Hello Codie amazing channel. I live in Massachusetts what is the best way to find out which businesses are for sale. Thanks
@ruuu48
@ruuu48 9 күн бұрын
It is definitely worth watching until the end 😉
@Spirit_well
@Spirit_well Ай бұрын
Avocado water runoff - so basically spraying pesticides all over the city when ‘cleaning’
@carguy1312
@carguy1312 Ай бұрын
"CA in general - BIG red flag" - i like her already.
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