How Shaq made $400M from Carwashes & Franchises?

[@DuckyDee]

My wife and I will be buying a business by December and it's all because of you Codie. Thank you so much! I'm not sure if it's possible, but I'd love to know what the takeover process looks like once you buy a business

[@CodieSanchezCT]

Hell ya. Totally I’ll do a breakdown on our 30-60-90 day takeover plan.

[@DuckyDee]

@@CodieSanchezCT Ayy! Awesome. Thank you for being so helpful.

[@THEcolebennett]

@@CodieSanchezCT please please do! I have just found your channel and I am thinking about buying a business in the future. Buy don't build!

[@chrispaul3778]

@christiana joe her availability is open on face b o o k 👇

[@chrispaul3778]

@christiana joe Catherine S. Woods

[@lifemechanics2950]

Shaq was taken under the wing by Larry H Miller (a billionaire, former owner of the Utah Jazz, deceased now) who personally mentored him on how to build and buy businesses. He had a mentor that was already rich as hell. He’s said numerous times that he wouldn’t have made where he is business wise without Larry. And a lot of his larger businesses were Co- Owned by Larry H Miller while he was still alive. He still has tons of business in Utah.

[@tdog613]

Your explanation of buying businesses is so very clear. I just found your channel. I am very impressed with the way you break down complex business topics for any common person to understand. Please keep the content coming. You have made me think more about boring businesses even though I have a tech background.

[@iycrra75]

I came across your interview on Biggerpockets and I am now your subscriber. You've mentioned about older generation retiring and selling their traditional businesses. Do you happen to have a breakdown of age demographic as to the buyers of these business? I am in my early 50's and wondering if it's kind of late to get into these boring businesses..... and thanks for putting out these vids... you are crushing it!!!🙏

[@chrisscott365]

I started my own Vending business because of you. Love your content, boring business's for the win!

[@alno1]

I love the main idea of buying boring business. My question is: how do you set up the process of finding operators? That is easily the hardest part!

[@CodieSanchezCT]

Great q - we have a ton of blog posts on this like this one contrarianthinking.co/hiring-a-good-operator-is-better-than-sex/

[@ellenahpage8914]

I discovered your videos after I had just returned from Singapore and met up with a couple of self made millionaires. They all had their own businesses! I'm hoping to potentially buy a business for myself, so am absolutely loving your content Codie!

[@Paul-kl2mn]

This is old gold, gold doesn't get old but value is! Really good information

[@adrianyates9879]

I will forever be indebted to you you’ve changed my whole life I’ll continue to preach about your name for the world to hear you’ve saved me from a huge financial debt with just little investment thanks so much Mrs. Elizabeth Graham

[@StephenHHall]

Mrs. Elizabeth Graham changed my life because of the huge profits I got from investing with her.

[@QuintoCLugo]

You invest with Mrs. Elizabeth Graham too? wow that woman has been a blessing to me and my family.

[@EliasDSmith]

I’m new at this, how can I reach your broker?

[@robertalexander3585]

I was skeptical at first until I decided to try. It’s huge returns is awesome! I can’t say much.

[@adrianyates9879]

@@EliasDSmith You can communicate with her on telegam, with the username below.

[@mr.gamewatch8888]

He wasn’t just a smart ball player, he’s a smart person and a smart money man now. Boring is succesful

[@ralphneptune9881]

I've discovered Shaq entreprenarial and academic achievement recently. I found it fascinating. Altough I love sport and he is a NBA legends, it's his approach to business that have been a subject of fascination for me recently "Boring business" He focus on what work and give money abundantly. He is also very patient, the man have complete a doctorate. Basically he focus on business that give cash flow generously wheter those business are "sexy or not" (Boring). He is very patient and he scale consistently. A Boring, well apply method.

[@thewarden8405]

It’s a lot easier to do all that when you have millions already to purchase these business. I need to see a video where it talks about an individual that’s lower to middle class, with a family and 1 income. I wanna see a video of that person becoming financially free and how that person was able to afford to purchase a boring business. It’s a lot easier when you have money and a lot harder for someone to do it when all there money is going to bills and to support their family.

[@adamkaufman6739]

Shaq really should be a franchise banking consultant and have a podcast

[@reginaldt154]

Thanks Codie I'm buying a boring business which operates while I'm asleep... and is Covid proof ... Vinaka for the amazing advice & content

[@AndrewKuntzman]

I saw shaq at a real estate conference recently and he’s hilarious and smart and humble on top of everything else you mentioned here. Great stuff

[@chadbailey7038]

I loved when I first found out about SHAQs franchise investments! That passive/reoccurring revenue bayyybeee. He’s a very intelligent business man 👏🏾 Great Analysis Codie 🙌🏾 PS. Magic did a great sit down video with UNINTERRUPTED and with Stanford Graduate Business School on YT, talking about his businesses. Could be fun to react to, summarize!

[@amansiddiqi1]

Can you please do a video on avoiding theft & fraud after buying a business. If you're not in the shop personally, the onsite managers (who barely know the new owner) could be robbing you blind and it would be hard to know since they are the ones reporting the sales.

[@Adventurerigs]

Codie, I’m new to your channel and I’m hooked! My wife and I are inspired and got the bug. This year we plan on having at least 2 businesses. I’m obsessing over studying and researching the process. Hope to be part of your team soon.

[@appliedsurvival5356]

Thank you, Codie! I'm new to the channel. Are there boring online businesses that we should consider buying?

[@aaronjaggers3117]

Well done ! Thanks for sharing

[@SpencerCornelia]

I look for Shaq sized returns on my investments

[@CodieSanchezCT]

Me too 😂

[@jkarpieszuk]

As someone who is stuck in a 9-5. How do you swift yourself out of the wheel? How do you get into boring business as a small guy? When you don’t have celebrity money behind you. To run a successful fast food restaurant you need experience in it or have money to burn to learn. Both requiring time which you don’t have because you are working 9-5. How to jump over that?

[@njoysuccessnow]

Yep. I totally agree with the Lindey effect. It reminds me of the old saying "the race is not given to the swift, but it is given to the one who endures."

[@boatsoar2557]

You could be wrong. Dr. Shaq has movies, also a Platinum album. Those alone could have fueled his businesses.

[@paznerkiller]

How about a video on business plan for getting started in those boring businesses?

[@mariaandrea3974]

Cody ❤ I would like to know your opinion on this. I am currently in Australia, working as a fashion designer in my field, but I’m passionate about business. Listening to videos and podcasts of this nature has been shifting my mindset more and more. My husband and I had the opportunity to purchase a well-known franchise in the cleaning industry. As you’ve mentioned in several videos, my idea is to turn that boring business into something different. My only concern is that in other videos, you’ve emphasized the importance of knowing what you’re getting into and having knowledge of it. I’ve never had any experience in this field, but I just want the chance to put my skills into practice, even though I know nothing about cleaning.

[@Catcherreid]

You should do a video about what you do as the manager of the operator, like the day to day stuff

[@garyosborn3168]

I dig the "knowledge in a hurry" presentation style you have. You're a gifted talker. This is the only investing channel I'm into that isn't related to options and equity day trading

[@petrini1176]

Hey Codie, How much time you have for yourself durring the week? Like reading a novel, walk, visit friends or whatever makes you happy without making money?

[@TrunxKraft3000]

A lot of misinformation here, I guess for entertainment and shock value purposes. In Shaq’s prime he made over 200million dollars. Shaq saved most of his money from playing. His businesses and endorsements after the NBA put him at almost half a million net worth.

[@m3lvin888]

I would like to see a video on how Shaq or any other millionaire manages all those businesses.

[@lancesakurada]

Hey, I'm trying hard to get out of my 9-5 so I started a couple of side hustles in real estate and online coaching. I'm super interested in acquiring other businesses. I'm worried about shiny object syndrome though. Can I still acquire other businesses with everything else I'm doing? How would you suggest organizing time?

[@hudsonmooremusic]

Love it Codie! Great video 🙌🏼🔥

[@RJ-01]

Can you do a video on the steps of researching a new investment opportunity. For example you see a need for a business in an area then where do you find information on starting it and legal paperwork? I think most don’t start because we don’t know how the system works.

[@jonathanrviews5081]

I’m so glad I found your channel, really helpful in showing me new ideas for boring business!! 🥂 you’re the best

[@mohammedprodhan8385]

Just too cool …. Love the philosophical standpoints and like mindedness.

[@sundayashiedu7511]

Shaq was everything. He can even rap. JMO

[@rick2584]

Codie u are a surprise box for me. There is no downside to watching u. Your teaching me ALOT with ur amazing business experience and knowledge. And ur a double threat as your super beautiful, so when u lose me and I have no idea what ur talking about, I just smile and watch ur cutie self talk and I'm still happy. Kidding aside, u are a very intelligent woman, I'm glad ur willing to give back😁

[@875daily]

I actually like your ice machine business. Seems very doable financially

[@NewinAI]

I recently discovered your channel and watching videos one after another. All are GEM!

[@davidd34]

Excellent Codie. Will pass your YT platform onto other influencers.

[@danieltewolde546]

Your presentation is wxtreme good...that motivates to besome part of your lesson..

[@lrdavis6497]

This is my first attempt at a business and I’m 58 years old and I really don’t have a lot of money to invest so I was thinking of buying a vending machine for soda can you please tell me the steps to get into this without making to many mistakes, so should I buy a couple machines then find a location to put them, please help! Thank you for any advice

[@abyrdjr]

You are awesome. Great information. First time listener.

[@sesarman]

Can you talk about the early stages and requirements towards buying a business for us noobies starting from the bottom? Are you required to have good credit/assets even if you're planning seeking owner financing? Will not having good/excellent credit haunt you in the long run? Will you need to establish an LLC or incorporate...etc ahead of buying a business? (If you could elaborate on this topic I would really appreciate it as well, I have watched many videos and the differences/risks in the long run are still a bit unclear for me) and simple details regarding early stages/requirements you should take care of before thinking about buying a business, even if you already know how to operate the day to day of said operation, thanks. 🙌🙌🙌

[@christsciple]

A lot of false and misleading information here as per usual: 1. Shaq made money from money he already had, in quantities only the top 2% of earners have. 2. Carwashes and franchises are not some pot of gold at the end of a rainbow. They require recurring investment for equipment, supplies, and labor. There are thousands of channels promoting the same rubbish all over YT and it's really sad. I'm here to help put things into perspective for folks.

[@prayerandempowered4766]

Codie thank you for great videos and a great channel. This is the KZbin channel that I was looking for years ago. Today I just saw your video pop up on the suggestion side bar. I will be watching more of your videos. Thank you.

[@prayerandempowered4766]

@𝘗𝘪𝘯𝘯𝘦𝘥 𝘣𝘺 Codie Sanchez Hello Codie, I have a question. I saw the video you made about Shaq and Magic Johnson owning Franchise business. I also saw the interview you had with Anthony Pompliano when you said you do not like Franchises. I totally agree with you on Franchises but wondering Is there a difference when Shaq and Magic doing Franchises vs if I get into a Franchise? Possibly do a video about that. Thank for great videos Codie

[@seeitwithchris1041]

I'd love to learn the details of fixing up a car wash and costs associated after purchase.

[@LaundryChuteLLC]

Im getting a laundromat ! So excited contract is signed and will go in for a week to Learn everything

[@JasonOwen-xe4gz]

Shaq, is an awesome human being!

[@sean50zent]

Hey Codie! Stoked to see you answering all these questions, do you list your speaking calendar anywhere? I am in southern california and would love to go to some events you may be at. If not, can you recommend some that would be beneficial to attend this year? Thanks!

[@abuh.dahdah]

The problem on this very move is it only applies in the U.S. if you live in PH then buying a business is really hard and will cost a fortune. If only we can buy small businesses or we have an app that where we can buy a small business from there then everything will be simple and easy for an average joe

[@AmDsus2Fmaj7Am]

Thoughts on Bitcoin and Bitcoin businesses?

[@Biorican]

Awesome content. Recently started feeding your videos to my sons. Do you have any videos on boring business you can get into for $1000?

[@TheOCDScratcher]

How do you manage high utility costs on your laundromats? Do you have water recycling systems at all of them?

[@junaidijaz2067]

How do I start a franchise business with no money or assets.

[@SpencerHeston]

Thank you Codie!! What is your best place to start if you are starting with zero and want to buy businesses?

[@MeditationRelaxSleeps]

YOU ARE MY HEROOOOOOOO, LOVE YOUR VIDEOS. I am going to start buying car washes and detailing companies along with laundromats.

[@20kevron]

Good video Codie.

[@adamsorrells4052]

Great content Codie. Keep it up.

[@UndTschuessDeutschland]

Keeping it to the point. I‘d like to be on your podcast. Just hit over a M in sales with boring industrial automation after 5 years.

[@crashesxplore4693]

Easy to make money when you have Shaq’s money. How does that even relate to the average person?

[@lotto5742]

Yep. And a lot of franchises require you to be at the restaurant and actually WORK there. You can't be an absent owner. I think his huge liquid assets and celebrity status exempt him from it.

[@daintydiagnostics7238]

It's not that he has a lot of money that helps obviously. What makes it so easy is the celebrity status and personal brand that draws in a lot of dumb fans.

[@malikhunt9367]

Thank you bro. This was a terrible example of how to invest. Shaq was already beyond rich and him being a celebrity help with his brand. Also, he had some very smart people to help him along the way

[@TrunxKraft3000]

@@malikhunt9367 I said the same thing! There was so much misinformation on this video. Entertaining and shocking yes, but very inaccurate. For instance, she said Shaq made 29million while in the NBA. There were seasons where he made that in a year and saved most of his money. There’s no way the most dominant player in NBA history only made 29million dollars lol. Do the research.

[@javaChai]

This is her way of making money 😂🤣😂. Monetising KZbin by making useless videos so you and I can watch 🤣😂

[@mandarambre1183]

Great video. Codie - what is the best way to find a profitable business? And how to evaluate a business?

[@Suetvvlogs]

I just found your channel, and it's really informative, and what you say about boring businesses is a fact, many of these businesses bring in more money than people think, many billionaires have their entire fortune comes from boring businesses, I am in the process of starting my first submarine sandwich shop and my plan is to build a franchise out of it, I am looking to invest the money my franchise make into boring businesses.

[@ishansiewdath9735]

What type of system does one put in place to manage and keep track of all these business especially taxes , insurance,LLCs annual update and expense for each business

[@NolimitatioNYC]

Lets not forget Shaq made his money from the NBA first, then he used his proceeds to invest years later. Majority of the average people would not make the kind of money that Shaq made during his first few years in the NBA. In a way this is kind of misleading.

[@DiegoLearns]

Codie first time I’ve seen your content. Love the video and I have subscribed ✅ thank you for this 🙌

[@thomascrump1165]

Taking real shots on Kazaam lol. Good video.

[@Adam-uo5do]

You are soooooo smart!….. you are empowering with all your genius

[@rodolfovesga979]

Great interesting video about shack attacks !!! Awesomeness!!! Keep them coming Codie !!

[@ownalotex]

I'm currently trying to save up to a 100k (in 4-5 years time). Until then should i save aside a "laundromat fund" (to buy a laundromat) or should that be my first 100k purchase? What are your thoughts on partnering up with an established company versus starting your own company doing the same thing with slight advantage (being added service, quality control or location)? What business should i zero in, assuming i have about 20k ontop of my 3 - 6 months buffer + deductions covered?

[@dannyg8741]

So where do you start to look for businesses to aquire? Are there websites for that?

[@zhichaohe320]

Super informative. Thanks for sharing. Still trying to crack my first business deal

[@pinchasjm]

Rental property is the best money always comes in.

[@markfrancis7022]

I’d love to hear more about the take over process. When you buy a business that has a lease in place and when they sell how to navigate the lease negotiations

[@leonnottingham4618]

Please tell me how do you buy into businesses in the first place?

[@alanhowe]

Heya Codie, how do you go about pricing a business purchase? All based on revenue etc? New to your channel and really appreciate your work!!

[@miketheitinerant6938]

Hey Codie, when would be a good time to bring up seller financing to a potential seller?

[@l.d.4837]

Great job! Inspire us with more humble beginnings..⚘

[@MikeCho]

OF COURSE HES A LEGEND IN THE NBA AND A DJ MILLIONAIRE !! And dnt knock his movies he’s been in some Sandler films too !!😋

[@katrinkrause]

This was seriously good food for thought, Codie. Thank you for the dose of inspiration! I do wonder though how to apply this thinking in my 'village'/ tiny town in Europe >-< it sometimes feels like all these 'obvious' opportunities are taken. But I don't want to be negative!! I'm going to drive around with 'open(-er)' eyes now. I'm saving up for your business buying course, I'm pretty sure one can apply the principles to Europe, as you said to me once in an email.

[@dexterspeights3484]

POWER IS NOTHING WITHOUT CONTROL!

[@rautsaurabh9]

Is there a crowdfunding platform for Laundromats? Also can you please make a video on businesses that H1B visa holders can start?

[@doctormarket]

Great job. You make great points.

[@ttc_nrj]

Good video, but we need more videos on how to start from scratch. That's what most people are really looking for, methinks. Then once we get the cash flow incoming, we can circle back for Shaq-esque investments (on a non-NBA players scale)

[@CourtesyCapital2024]

Where do you find boring business for sale?

[@kennethw6962]

One thing I've learned regarding investments is that the closer you get to necessities, the higher degree of success you will have, the more stable your investment will be and the higher your rate of return. A great example of this is in real estate. Sure, a $3,000,000 house on a beautiful piece of land sounds idyllic and sexy. But it's a luxury item that has a very limited audience and your dollar for dollar ROI will be limited. Conversely, take the track home in Indianapolis that would be a starter home in a middle-class community. Not so sexy, but you will always have plenty of tenants and dollar for dollar you will get a greater return for your investment both on the rental side of things and on appreciation potential. A laundromat would always be a better investment than something like a day spa. This is because a laundromat is closer to necessity than a day spa.

[@raedjonaidi1562]

I mean do you have an office that someone can call and ask about business proposal and you can advise on the feasibility of it?

[@bradwells5774]

Simple very useful information and breakdown! Love the boring business! Many want the "ooh and ahh" businesses without realizing you can build an incredible financial empire targeting everyday used/needed businesses. Prefer to fly under the radar so boring has been good to me.

[@pierreclark]

I just found your channel and I like how you think. You make sense to me. I wil keep watching.

[@Conway7]

How do I reach out to you as to wanting to invest the money I have into a boring business? I’m a owner operator truck driver currently.

[@raedjonaidi1562]

Hi Codie, Do you do business consultancies?

[@uhila11]

I love your videos!!!! ❤ They are very entertaining 🎥 and educational 🏫 . Thank you 🙏🏽 so much for the effort you put into these videos.

[@going2sleep]

Umm Shaq invested in Google during series A funding back in '99. Guy was set years ago. Google started at the end of '98.

[@NolimitatioNYC]

The average person would not have access to invest in a company like google.

[@aldomendoza1341]

I enjoyed your video, and I appreciate the information, Thank you

[@sarasland8755]

How can I find an administrator or operator to manage these buisnesses? Because there a lot of opportunities in my community. Like you said when a person get into these type of boring businesses the strategy is to make the company grow.

[@normh1614]

Hey Codie. Love your videos, thank you for what you do. Have you ever looked into a driver training school. It seems to fit the boring, simple recession proof part but maybe not the old, weak stale part. Is it imperative to fit all those areas or just some? Should be recession proof as people need to learn to drive right ?

[@builtdifferent2]

Codie, my question is, would you be interested in collaborating on buying a carwash in my city that was recently offered to me?

[@LijTafari91]

Love the vids. Keep 'em coming.

[@Yvesun2011]

You said you like insurances businesses can you make tell us why and make a video on them please?