I Found A Recession-Proof Business

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Codie Sanchez

Codie Sanchez

Күн бұрын

Пікірлер: 647
@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
@МЕГАПоЗиТИВ-й2е
@МЕГАПоЗиТИВ-й2е 6 күн бұрын
Sorry but it doesn't quite work that way. I have the money to buy a number of such trucks but that would be a bad investment. WHY? Because they would just be sitting idle. The hardest part is to get the cities/municipalilties to agree to use your service. Street sweeping/cleaning has been around forever, they're all going to say "thanks, we already have a company that does that". That is, if you even somehow get a chance to talk to them.
@michaelschiemer3
@michaelschiemer3 9 күн 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
@derrickholfman2
@derrickholfman2 9 күн бұрын
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
@Dantursi1
@Dantursi1 9 күн бұрын
Risk mitigation is indeed something to consider well before setting out on inveestments. Most often than not, CFAs take care of this perfectly. People downplay the role of CFAs until being burnt by their own instincts. I was in a similar situation a few years ago; Took my chances but stocks went crashing. Realizing I wasn't good at timing the market, I started working with an Adviser, which helped me build a $1.6m portfolio.
@SteveEstrada-js9nu
@SteveEstrada-js9nu 9 күн бұрын
Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.
@Dantursi1
@Dantursi1 9 күн бұрын
My CFA ’Annette Christine Conte’ , 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.
@SteveEstrada-js9nu
@SteveEstrada-js9nu 9 күн бұрын
Just ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing
@Ballesteros-d
@Ballesteros-d 28 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 28 күн бұрын
$2M is an awesome goal, you inspire me to retire comfortably too
@Biggerstaff4
@Biggerstaff4 28 күн бұрын
financial planning should be considered in order to get the best out of your money... business/savings/investments
@M.Herlihy
@M.Herlihy 28 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 28 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 28 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 25 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.
@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 Ай бұрын
Who are your customers? Cities? Lot owners? How do you get leads?
@grizzlyblue6389
@grizzlyblue6389 Ай 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 Ай бұрын
Can you take home 200 k a year with one truck?
@WideAwakeHuman
@WideAwakeHuman 22 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.
@antwayne92
@antwayne92 20 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.
@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 Ай 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 Ай бұрын
Sounds like "some money is too expensive". Something I live by now after learning it the hard way.
@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.
@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.
@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
@noahgiles777
@noahgiles777 4 күн бұрын
Lets get back to that Napkin math at 7:36: Charges $740 per job - $300 in expenses X 2 jobs per day you net $440 per job = $880 per day X 5 days per week = $4,400 per week x 52 = $228,000 per year NOT $385,000. If each customer is worth $6,000 then you have 38 customers that that get roughly 14 cleanings a year. That looks pretty doable with the presented operation. When you add up that lot full of trucks and stuff constantly breaking, accounting & tech fees, managing customers, maging employees, DOT, Insurance, fuel, water & winterization, chemicals (if your work somewhere cold). It's going to be a tough run but it could be done. The talking points are pretty good on the strategy and overall concept. Before you bet the farm don't forget to ask for those tax returns from the last 5 years just to validate the business's story. Without that the business is worthless.
@Helen_white1
@Helen_white1 Ай 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 Ай 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 Ай 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- Ай 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 Ай 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 Ай 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.
@JacobBonta
@JacobBonta 2 ай бұрын
Keep these coming Codie! Love it.
@CodieSanchezCT
@CodieSanchezCT 2 ай бұрын
Whoop whoop! Thank you
@JacobBonta
@JacobBonta 2 ай бұрын
@@CodieSanchezCT Wow... Straight up fan boying right now...
@Spirit_well
@Spirit_well Ай бұрын
They are pretty good videos
@CollinRutherford
@CollinRutherford 2 ай бұрын
Impressive how trusting your team allowed for growth even when you were away. That’s true leadership!
@MdArfa-k5v
@MdArfa-k5v Ай бұрын
Love this type of content. It provides so much value❤ Keep it running Codie!!!!!
@gasser5001
@gasser5001 Күн бұрын
What a fantastic little... show? Interview? This should be the norm. You're fantastic at interviewing! Subbing is a no-brainer.
@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.
@StephanieMoore-oj7vz
@StephanieMoore-oj7vz Ай 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 Ай 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 Ай 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 Ай 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 Ай 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 Ай 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
@Jreddygo
@Jreddygo 4 күн бұрын
I thought about doing this kind of business because I use to work for a construction company back in high school that did this kind of work and I thought it’s was cool and simple but I wouldn’t know how to price the jobs and don’t have the Capitol to get started……great info Sanchez thank you 🙏🏽 😎👌🏽
@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.
@ThrowBackZone
@ThrowBackZone 2 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.
@professorcygnus7069
@professorcygnus7069 2 ай бұрын
Excellent film and edit. A KZbin career is an incredible opportunity.
@BizarroLanigirod
@BizarroLanigirod 2 ай бұрын
One of your best videos Codie
@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.
@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
@markregan7639
@markregan7639 Ай бұрын
This is why your videos are top notch, it's doable, informative, and interesting
@troystutsman1400
@troystutsman1400 Күн бұрын
All of this sounds great but you also either need to have the capital to buy/start up the business, possibly equipment, fuel, insurance, maintenance, tags, plates, possible permits and licenses, payroll if you will have employees, and ect. Or… You have to have the credit to qualify for a business loan for the cash outlay you’ll need…!
@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.
@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?
@willblackburn3371
@willblackburn3371 25 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.
@paulsheridan8213
@paulsheridan8213 Ай бұрын
800k revenue is amazing,… unless your cost is 850k. Need more numbers 2:07 …. EDIT: Thank you for napkin math!!
@user-zk6fc3dw9e
@user-zk6fc3dw9e 2 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 2 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 2 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 2 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.
@jayavatar1577
@jayavatar1577 23 күн бұрын
Holy track! 200k track ain't no cheap! But dude got business in his blood
@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.
@LoneStarTrash
@LoneStarTrash 2 ай бұрын
Codie, we have decided to invest some of our budget into Sponsoring your napkin subscription. Lone Star Trash napkins coming soon!
@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 .
@judith3413
@judith3413 2 ай бұрын
I thought the street sweeping was something the city did. I didn't know it was a private business
@kmoov90
@kmoov90 2 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
@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...
@cynthia7255
@cynthia7255 Ай бұрын
Vanessa Van's ted talk "You are contagious" is one of my favourites
@zuy-lenalejo7855
@zuy-lenalejo7855 2 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 😊❤
@Dwigg-l3i
@Dwigg-l3i 25 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.
@pharmacistshane
@pharmacistshane Ай 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.
@jay-j6l
@jay-j6l Ай 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
@FutureMemories1983
@FutureMemories1983 Ай бұрын
my parents sell and rent street sweepers, better brands than Elgin and Tymco as well, but these income levels are valid.
@RockyTapscott
@RockyTapscott Ай бұрын
Just grabbed your Book from Audible. Can't wait to listen in December
@Firetail82
@Firetail82 2 ай бұрын
Codie god bless you, wonderful stuff, I am about start climbing this path, looking to do what you are showcasing
@MarceloLaraM
@MarceloLaraM Ай бұрын
I love this chapter and I love your style Codie. Thanks for the useful information.
@cmorr72
@cmorr72 Ай бұрын
Great episode. Good energy and really good pointers for looking at starting a business. Look forward to many more.
@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?
@Maksilver
@Maksilver Ай бұрын
Also, thank you for explaining it so well. I hope your business gets better and better
@justinmathias2495
@justinmathias2495 Ай бұрын
Cody looks so good in overalls
@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.
@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.
@janick01ify
@janick01ify Ай бұрын
So buy an already operating business. Get a 90% discount on everything. Check
@jeffreyjewell75
@jeffreyjewell75 4 күн бұрын
So basically he got dumb lucky 🍀
@TheSpinoza43221
@TheSpinoza43221 Ай бұрын
This is a great video filled with good info. You did an awesome job putting this together Codie.
@SpeedRacerXM5
@SpeedRacerXM5 13 күн бұрын
$75k rev = ~$6k per month on profit. $1.5k per mth per truck k per month profit. This assumes you get $75k per month! At $60k you lose money!!!
@ezequielcastilloespinosa3790
@ezequielcastilloespinosa3790 2 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. 🙏🏿
@nobis64
@nobis64 Ай бұрын
Cody, You are a machine! You Rock!!
@mattstiles-ok8yz
@mattstiles-ok8yz 5 күн бұрын
1. There's NO! business to small or to big to fail, 2. so there isn't ANY! business that's "recession proof" 3. competition, local municipalities, could always be a concern in this market place. 4. does?! the ends justify the means?!? how? often? and how? great is the need for this particular service on a regular basis?!? 🤔???
@tomrkba4685
@tomrkba4685 Ай 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.
@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!
@aholiab4321
@aholiab4321 Ай бұрын
Daniel from Nigeria !--- Thank you Codie Sanchez
@tw8032
@tw8032 Ай бұрын
The insurance cost is crazy.
@russellholm742
@russellholm742 Ай 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.😂
@definitiveenergy1878
@definitiveenergy1878 Ай бұрын
What have you realized in the overhead eg. maintenance, registration, insurance, licensing and bonding? Great video!
@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...
@Doofus171
@Doofus171 25 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.
@robnowlin7285
@robnowlin7285 2 ай бұрын
Enjoyed the video, I dont know about Codie driving though. lol.
@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….
@TheologyUnleashed
@TheologyUnleashed Ай бұрын
$2,500 a month for 5 years is 150k, not 60k
@LoveToRead3
@LoveToRead3 4 күн бұрын
They bought the business, not just the truck.
@TheologyUnleashed
@TheologyUnleashed 4 күн бұрын
@LoveToRead3 I don't understand
@jarodmorgan3676
@jarodmorgan3676 3 күн бұрын
The question was “how much did it cost to “start””……that would be $60k
@TheologyUnleashed
@TheologyUnleashed 3 күн бұрын
@@jarodmorgan3676 are you saying it was a 60k down payment?
@ibrahimal-khalaf8008
@ibrahimal-khalaf8008 2 ай бұрын
I randomly looked at your account and found this. Thank god.
@chasegiovanni
@chasegiovanni Күн бұрын
Hello, I don't know anything about investing and I'm looking to invest, any help? As well who can I reach out to?
@gaelparker2002
@gaelparker2002 Күн бұрын
Well I must say people are scared because there are so many unprofessional brokers out there.
@daviswalker1922
@daviswalker1922 Күн бұрын
It's wise to seek professional guidance when building a strong financial portfolio due to it's complexity.
@daviswalker1922
@daviswalker1922 Күн бұрын
I usually go with registered representatives. Faith Reece has the best performance history (in my opinion) and does offer 1v1 consultation to her capitalists which I think is amazing.
@BHJ7115
@BHJ7115 Ай бұрын
People who actually make money don't talk about how they earn it unless they want your money.
2 ай бұрын
Love this!
@troystutsman1400
@troystutsman1400 Күн бұрын
What happens when the next new guy comes along and is hungrier than you and undercuts your pricing…??? There is no customer loyalty in a business like this, you either clean their street/parking lot or you don’t…?
@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....
@123gmoreira
@123gmoreira Ай бұрын
My question is where do you find businesses like this for sale?
@Utubegoogleguy
@Utubegoogleguy Ай бұрын
Love this channel. How did you get so smart? Savage!
@pibblesnbits
@pibblesnbits 2 ай бұрын
Codie dressed like a total bae for the baseball player. Anyone else notice?
@salnaveaugustin1790
@salnaveaugustin1790 2 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.
@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
@RichardCInman
@RichardCInman Ай бұрын
Profoundly true finish on this video.
@HappyPenguin75034
@HappyPenguin75034 Ай бұрын
Can you show your financial statement for the month including AP.
@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.
@mcconn746
@mcconn746 Ай бұрын
"Dirty Jobs" with a little different focus. I love it.
@raultorres847
@raultorres847 2 ай бұрын
These videos are really good! She should make content : D
@wardhanes
@wardhanes Ай бұрын
Remember, you’re doing this in a country that hasn’t gotten rid of pennies yet
@Kita-Kamakura
@Kita-Kamakura Ай бұрын
And remains not on the metric system.
@TheFrayman
@TheFrayman Ай бұрын
This industry is so saturated, you'd have to be a celebrity to get in.
@AdamCronk
@AdamCronk 25 күн бұрын
Did he say $70-$80/hr???
@heatice77
@heatice77 Ай бұрын
Really informative, thank you
@directed_by_steve
@directed_by_steve 2 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.
@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.
@Spirit_well
@Spirit_well Ай бұрын
Avocado water runoff - so basically spraying pesticides all over the city when ‘cleaning’
@LeahRossini
@LeahRossini 2 ай бұрын
Anyone else see the sparks flying between these two 😍 ummmm please go on a date and keep us posted!
@66chubbs
@66chubbs Ай бұрын
I just subscribed to your channel and thanks for your work❤😊
@luqmanmohammed1730
@luqmanmohammed1730 2 ай бұрын
Codie, This is inspiring as always. I have been having a bit of a question nudging at me. What are the alternatives to the bank/SBA in securing funding for a business purchase besides Seller Financing. Would really appreciate a response. Thank you.
@loganniss8793
@loganniss8793 Ай бұрын
private lenders if you have experience in the industry, or a track record. Maybe someone in your family has deep pockets that would be willing to lend? Sometimes brokers will have outside funders. I don't like brokers tho, they remind me of car salesmen
@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!
@nicholasvarro7382
@nicholasvarro7382 2 ай бұрын
Two drivers and he makes $60k a month and lives in a different state?
@user-zk6fc3dw9e
@user-zk6fc3dw9e 2 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.
@RachaelHernandez-wu3et
@RachaelHernandez-wu3et Ай бұрын
Great video!!!
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