I Found A Recession-Proof Business

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Codie Sanchez

Codie Sanchez

Күн бұрын

Пікірлер: 704
@CodieSanchezCT
@CodieSanchezCT 2 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 Ай 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.
@peterjohansson739
@peterjohansson739 11 күн бұрын
@@МЕГАПоЗиТИВ-й2е Yes. There are a lot of unknowns that are not shown here. Most of these services must go through a city/municipality. So you'll be a subcontractor to them.
@michaelwiebeck3
@michaelwiebeck3 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
@Derekhoffman312
@Derekhoffman312 Ай 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 Ай 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 Ай бұрын
Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.
@Dantursi1
@Dantursi1 Ай 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 Ай бұрын
Just ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing
@Jajamichala-r4y
@Jajamichala-r4y 24 күн бұрын
*I'm 50 years old and living in Canada Alberta I'm willing to retire at 55 if things keep going the way I planned bought my first house last week I'm glad I made a productive decision that has changed my financial status forever and can't be more proud that I'm right now*
@Michael-x1y1w
@Michael-x1y1w 24 күн бұрын
Congratulations you are really doing well at your age im 45 and my finance are in rally in mess right now and great tip will really go along way in shaping my life im open for idea
@Jajamichala-r4y
@Jajamichala-r4y 24 күн бұрын
Hey sorry for late response I apparently used the FIRE movement to put my finances in shape you can research more about it and invested in Stocks and forex with the aid an investment enthusiasts (Alvarez. H. Flectcher) therefore making my dream a reliaty
@JeomaCk
@JeomaCk 24 күн бұрын
I know this Man you mentioned here, I'm huge beneficiary of his platform from Alberta Canada 🇨🇦so many people have recommended highly about him.
@NicoleMcCoy-t5h
@NicoleMcCoy-t5h 24 күн бұрын
Having a perfect manager like Mr Alvarez has save me alot it's high time I do what's is right and recommend him to vervonel
@MarilynMorris-f4k
@MarilynMorris-f4k 24 күн бұрын
Waking up every 27th in 2months time to receive $150k is amazing he is very professional broker trade with him and remember to share testimony with others
@Ballesteros-d
@Ballesteros-d 2 ай 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.
@Biggerstaff4
@Biggerstaff4 2 ай бұрын
financial planning should be considered in order to get the best out of your money... business/savings/investments
@M.Herlihy
@M.Herlihy 2 ай 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 2 ай 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 2 ай 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.
@Linette-g-y
@Linette-g-y 2 ай бұрын
thanks for sharing, I must say Sophia appears to be quite knowledgeable... just inputted her full name on the web and at once came across her consulting page, she seems impeccable
@BradSimmons
@BradSimmons 2 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 2 ай 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.
@antwayne92
@antwayne92 Ай 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.
@HakanKurt-mg5zq
@HakanKurt-mg5zq 9 күн бұрын
Glory!!! After so much struggles I now own a new house with an influx of $84,630.00 every month God has kept to his words, my family is happy again everything is finally falling into place. God bless America
@Helenpayne751
@Helenpayne751 9 күн бұрын
Our God indeed is a covenant keeping God. Has he said a thing and not perform it? I watch how things unfold in my life, from penury to $355,500 every month and I can only praise him and trust him more.
@TimothyRamseys
@TimothyRamseys 9 күн бұрын
Hello, I'm a Doctor from Scotland, how do you make such amount? I'm a born Christian but sometimes I feel so down of myself because of low finance but I still believe in God.
@Frank-h6g1b
@Frank-h6g1b 9 күн бұрын
Stocks and Forex - an enlightened form of Investment, the place where millionaires and future billionaires would come for motivation. You are seriously missing out if you have never been in one. Most importantly If you know how to trade you can make a lot of money no matter where you find yourself
@Petel-k1p
@Petel-k1p 9 күн бұрын
I strongly agree that Bitcoin ETFs approval will be lifetime opportunity for us, with my current portfolio of $108,000 from my investments with my personal financial advisor i totally agree with you
@Kamsi-w9o
@Kamsi-w9o 9 күн бұрын
Your channel has been a huge part of my transformation, God is good tbh. l was owning a loan of $30,000 to the bank for my son's brain surgery (Oscar), Now I'm no longer in debt after I invested $8,800 and got my payout of $57,635.00 every months.God bless Patricia.
@indicasativa8542
@indicasativa8542 2 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 2 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 2 ай бұрын
Who are your customers? Cities? Lot owners? How do you get leads?
@grizzlyblue6389
@grizzlyblue6389 2 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 2 ай бұрын
Can you take home 200 k a year with one truck?
@WideAwakeHuman
@WideAwakeHuman Ай 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 2 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 2 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 2 ай бұрын
Sounds like "some money is too expensive". Something I live by now after learning it the hard way.
@HanTheProphet
@HanTheProphet 3 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 3 ай бұрын
What do you mean by exchange rate pressure? If you msy kindly elaborate please
@davidmack4495
@davidmack4495 3 ай бұрын
what is rate pressure?
@HanTheProphet
@HanTheProphet 3 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 3 ай бұрын
Some old dudes need the money in order to retire.
@HanTheProphet
@HanTheProphet 3 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.
@Maksilver
@Maksilver 2 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
@BizBob2
@BizBob2 2 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.
@JacobBonta
@JacobBonta 3 ай бұрын
Keep these coming Codie! Love it.
@CodieSanchezCT
@CodieSanchezCT 3 ай бұрын
Whoop whoop! Thank you
@JacobBonta
@JacobBonta 3 ай бұрын
@@CodieSanchezCT Wow... Straight up fan boying right now...
@Spirit_well
@Spirit_well 2 ай бұрын
They are pretty good videos
@ThrowBackZone
@ThrowBackZone 3 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 3 ай бұрын
But he doesnt make millions…
@HanTheProphet
@HanTheProphet 3 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 3 ай бұрын
For anyone grappling with how to start in real estate investing, turnkey multifamily investments provide a solid foundation
@satisfiedvideosberry7748
@satisfiedvideosberry7748 3 ай бұрын
Pandemic proof ?
@oliviariv
@oliviariv 3 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.
@StephanieMoore-oj7vz
@StephanieMoore-oj7vz 2 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 2 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 2 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 2 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.
@SandraElliot21
@SandraElliot21 2 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
@Tonya704
@Tonya704 2 ай бұрын
Any specific guide. I'm from Georgia how do I go about this? I think I'm interested how can I get in touch with Mrs Evelyn
@user-zk6fc3dw9e
@user-zk6fc3dw9e 3 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 3 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 3 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 3 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 3 ай бұрын
bro worried about 150k over 5 years when dude is grossing 75k a month lmao
@user-zk6fc3dw9e
@user-zk6fc3dw9e 3 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.
@Helen_white1
@Helen_white1 2 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 2 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 2 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- 2 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 2 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 2 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.
@LouisKosanovich
@LouisKosanovich 20 күн бұрын
Revenue and profit are not the same.
@gladiator0076
@gladiator0076 2 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.
@professorcygnus7069
@professorcygnus7069 3 ай бұрын
Excellent film and edit. A KZbin career is an incredible opportunity.
@MdArfa-k5v
@MdArfa-k5v 3 ай бұрын
Love this type of content. It provides so much value❤ Keep it running Codie!!!!!
@BizarroLanigirod
@BizarroLanigirod 3 ай бұрын
One of your best videos Codie
@markregan7639
@markregan7639 3 ай бұрын
This is why your videos are top notch, it's doable, informative, and interesting
@noahgiles777
@noahgiles777 Ай 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.
@CollinRutherford
@CollinRutherford 3 ай бұрын
Impressive how trusting your team allowed for growth even when you were away. That’s true leadership!
@Gideonkolawole1
@Gideonkolawole1 3 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
@jacobsmithjr
@jacobsmithjr 3 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 3 ай бұрын
At which location?
@22ledmelon
@22ledmelon 3 ай бұрын
Please tell me how to contact this guy.
@agarcia2715
@agarcia2715 3 ай бұрын
Want go in on a truck?
@Knobleknight
@Knobleknight 3 ай бұрын
Dude give me that guys contact, I’ll work his buisness up to the moon
@BillLaBrie
@BillLaBrie 3 ай бұрын
Many such cases. Great opportunities, but watch out for debt, deferred maintenance, sweetheart deals that applied only to “the guy,” etc.
@redmtl1
@redmtl1 3 ай бұрын
I wish more young women admired leaders like Codie Sanchez, who stand for independence and real success, instead of pop stars.
@gasser5001
@gasser5001 Ай бұрын
What a fantastic little... show? Interview? This should be the norm. You're fantastic at interviewing! Subbing is a no-brainer.
@mattstiles-ok8yz
@mattstiles-ok8yz Ай 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?!? 🤔???
@Dwigg-l3i
@Dwigg-l3i 2 ай 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.
@LADPR-f3j
@LADPR-f3j 3 ай бұрын
I like all the questions she made, straight to the point.
@janick01ify
@janick01ify 2 ай бұрын
So buy an already operating business. Get a 90% discount on everything. Check
@jeffreyjewell75
@jeffreyjewell75 Ай бұрын
So basically he got dumb lucky 🍀
@troystutsman1400
@troystutsman1400 Ай 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…!
@judithcakes575
@judithcakes575 3 ай бұрын
I thought the street sweeping was something the city did. I didn't know it was a private business
@kmoov90
@kmoov90 3 ай бұрын
It's through contracted services
@ElCidPhysics90
@ElCidPhysics90 3 ай бұрын
Same
@justauser
@justauser 3 ай бұрын
Depends on the city
@bjantilla8004
@bjantilla8004 3 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
@timgillman
@timgillman 2 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.
@jayavatar1577
@jayavatar1577 Ай бұрын
Holy track! 200k track ain't no cheap! But dude got business in his blood
@cynthia7255
@cynthia7255 2 ай бұрын
Vanessa Van's ted talk "You are contagious" is one of my favourites
@LoneStarTrash
@LoneStarTrash 3 ай бұрын
Codie, we have decided to invest some of our budget into Sponsoring your napkin subscription. Lone Star Trash napkins coming soon!
@jay-j6l
@jay-j6l 2 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
@JK-zl7vv
@JK-zl7vv 2 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 2 ай бұрын
What do you do with Hazmat waste?
@Jreddygo
@Jreddygo Ай 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 🙏🏽 😎👌🏽
@FutureMemories1983
@FutureMemories1983 2 ай бұрын
my parents sell and rent street sweepers, better brands than Elgin and Tymco as well, but these income levels are valid.
@crazyoilfieldmechanic3195
@crazyoilfieldmechanic3195 2 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.
@tomrkba4685
@tomrkba4685 2 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.
@ryanrendon4126
@ryanrendon4126 3 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 2 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 2 ай бұрын
Isnt that for one truck? he ran 4 trucks at a time... although didnt sound like he had enough drivers...
@pharmacistshane
@pharmacistshane 2 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.
@justinmathias2495
@justinmathias2495 3 ай бұрын
Cody looks so good in overalls
@ArturoM.Dykstra-55
@ArturoM.Dykstra-55 3 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 3 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 3 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 3 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 3 ай бұрын
Mind if I ask you to recommend this particular coach you using their service?
@BennieY.Jenkins
@BennieY.Jenkins 3 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.
@nobis64
@nobis64 2 ай бұрын
Cody, You are a machine! You Rock!!
@rockstertx
@rockstertx 3 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.
@Doofus171
@Doofus171 2 ай 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.
@nickw0tup
@nickw0tup 2 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 .
@paulsheridan8213
@paulsheridan8213 2 ай бұрын
800k revenue is amazing,… unless your cost is 850k. Need more numbers 2:07 …. EDIT: Thank you for napkin math!!
@Claytonhasenbank
@Claytonhasenbank 17 күн бұрын
Do your own research, hope this helps 👍🏽
@Prem_saga
@Prem_saga 3 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 3 ай бұрын
Investing can be complex, so it’s smart to get professional guidance when building your financial portfolio.
@Jerryfranc
@Jerryfranc 3 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 3 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?
@НатальяГрибовская-ц4р
@НатальяГрибовская-ц4р 3 ай бұрын
​@@Aprilweaverr That’s true, I also operate a wide- range of Investments with help from My Financial Adviser. My advice is to get a professional who will help you, plan and enhance your management skills. For the record, working with Matthew Roszak has been an amazing experience.
@YusetNagarro
@YusetNagarro 3 ай бұрын
Please how can I get in touch with this coach Matthew Roszak? I really need to give him a try
@RockyTapscott
@RockyTapscott 2 ай бұрын
Just grabbed your Book from Audible. Can't wait to listen in December
@MysterSer333
@MysterSer333 2 ай бұрын
@17:45 your passion is clear and I thank your for giving it your all....
@123gmoreira
@123gmoreira 2 ай бұрын
My question is where do you find businesses like this for sale?
@SpeedRacerXM5
@SpeedRacerXM5 Ай 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!!!
@pibblesnbits
@pibblesnbits 3 ай бұрын
Codie dressed like a total bae for the baseball player. Anyone else notice?
@salnaveaugustin1790
@salnaveaugustin1790 3 ай бұрын
no I notice a big bulge bone in her right hand in her right hand.
@philbax
@philbax 3 ай бұрын
"I'm available" 😝
@uriahz
@uriahz 3 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.
@tw8032
@tw8032 2 ай бұрын
The insurance cost is crazy.
@BHJ7115
@BHJ7115 2 ай бұрын
People who actually make money don't talk about how they earn it unless they want your money.
@MarceloLaraM
@MarceloLaraM 3 ай бұрын
I love this chapter and I love your style Codie. Thanks for the useful information.
@codeybartle
@codeybartle 21 күн бұрын
Much Love! Big fan of your content! I didn't see anyone else mention it, and I like numbers..so.. I'm pretty sure the napkin math was wrong.. $740(job)-$300(cost)=$440/job $440 x 2 jobs/day = $880 $880 x 5 = $4400/week $4400 x 12= $52,800/year... Let me know if I missed something! .. 7:34 ..
@codeybartle
@codeybartle 21 күн бұрын
Lol. I calculated for net, not gross.. rookie mistake, I'm sure. Lol. I guess I'll keep watching and learning. 😂
@aholiab4321
@aholiab4321 3 ай бұрын
Daniel from Nigeria !--- Thank you Codie Sanchez
@cmorr72
@cmorr72 2 ай бұрын
Great episode. Good energy and really good pointers for looking at starting a business. Look forward to many more.
@RichardCInman
@RichardCInman 2 ай бұрын
Profoundly true finish on this video.
@TheSpinoza43221
@TheSpinoza43221 3 ай бұрын
This is a great video filled with good info. You did an awesome job putting this together Codie.
@ezequielcastilloespinosa3790
@ezequielcastilloespinosa3790 3 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. 🙏🏿
@Maksilver
@Maksilver 2 ай бұрын
Also, thank you for explaining it so well. I hope your business gets better and better
@paulsz6194
@paulsz6194 2 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 2 ай бұрын
$2,500 a month for 5 years is 150k, not 60k
@LoveToRead3
@LoveToRead3 Ай бұрын
They bought the business, not just the truck.
@TheologyUnleashed
@TheologyUnleashed Ай бұрын
@LoveToRead3 I don't understand
@jarodmorgan3676
@jarodmorgan3676 Ай бұрын
The question was “how much did it cost to “start””……that would be $60k
@TheologyUnleashed
@TheologyUnleashed Ай бұрын
@@jarodmorgan3676 are you saying it was a 60k down payment?
@VictorGonzalez-df8io
@VictorGonzalez-df8io 3 ай бұрын
Take it to another level with fleet yard sweeps Large construction companies with fleet yards. Just a thought for consideration!
@mcconn746
@mcconn746 3 ай бұрын
"Dirty Jobs" with a little different focus. I love it.
@robnowlin7285
@robnowlin7285 3 ай бұрын
Enjoyed the video, I dont know about Codie driving though. lol.
@zuy-lenalejo7855
@zuy-lenalejo7855 3 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 😊❤
@willblackburn3371
@willblackburn3371 2 ай 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?
3 ай бұрын
Love this!
@russellholm742
@russellholm742 2 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.😂
@PremiumFuelOnly
@PremiumFuelOnly Күн бұрын
So you arent charging enough?
@HappyPenguin75034
@HappyPenguin75034 2 ай бұрын
Can you show your financial statement for the month including AP.
@davekeefe8938
@davekeefe8938 3 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 2 ай бұрын
pretty poor interest rate...
@TheFrayman
@TheFrayman 2 ай бұрын
This industry is so saturated, you'd have to be a celebrity to get in.
@PremiumFuelOnly
@PremiumFuelOnly Күн бұрын
Well they must not be doing a great job around here, im thinking about getting into it, lots of filthy parking lots around here.
@BorossAngkor
@BorossAngkor Ай бұрын
Awesome!! ❤❤❤❤❤
@AdamCronk
@AdamCronk 2 ай бұрын
Did he say $70-$80/hr???
@wardhanes
@wardhanes 2 ай бұрын
Remember, you’re doing this in a country that hasn’t gotten rid of pennies yet
@Kita-Kamakura
@Kita-Kamakura 2 ай бұрын
And remains not on the metric system.
@nicholasvarro7382
@nicholasvarro7382 3 ай бұрын
Two drivers and he makes $60k a month and lives in a different state?
@user-zk6fc3dw9e
@user-zk6fc3dw9e 3 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 3 ай бұрын
The company makes 60K. Not him. Then he has to substract fees, salaries, depreciation, taxes etc.
@ibrahimal-khalaf8008
@ibrahimal-khalaf8008 3 ай бұрын
I randomly looked at your account and found this. Thank god.
@troystutsman1400
@troystutsman1400 Ай 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…?
@Firetail82
@Firetail82 3 ай бұрын
Codie god bless you, wonderful stuff, I am about start climbing this path, looking to do what you are showcasing
@HodgeChris
@HodgeChris 3 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 3 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 3 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 3 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 3 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 3 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.
@steve_arcenio
@steve_arcenio 3 ай бұрын
Sheesh. Codi is Genius. I'm over here looking at this. OG cinematographer here competing with a diluted Industry. LOL
@naomimercermckell8976
@naomimercermckell8976 3 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.
@steve_arcenio
@steve_arcenio 3 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
@steve_arcenio
@steve_arcenio 3 ай бұрын
@@naomimercermckell8976 Yeah some of those Ai voices are not natural. I still like paying for real people.
@definitiveenergy1878
@definitiveenergy1878 2 ай бұрын
What have you realized in the overhead eg. maintenance, registration, insurance, licensing and bonding? Great video!
@andrewstewart9073
@andrewstewart9073 2 күн бұрын
a little tooo much flirty but i liked the breakdown . also i was rooting for you the whole time 😂
@TheGreatEscape77
@TheGreatEscape77 2 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.
@edmundsenterprises9786
@edmundsenterprises9786 2 ай бұрын
'17:47' Murica ✊️ Thank you!!
@heatice77
@heatice77 2 ай бұрын
Really informative, thank you
@victorvarnak1645
@victorvarnak1645 2 ай бұрын
So how about next months and months before, or end of the year months??
@nxlevel
@nxlevel 2 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 2 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 2 ай бұрын
​@nxlevel nah dude. You can't have chicken for dinner every night!
@amgeezy_2709
@amgeezy_2709 2 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 2 ай бұрын
Avocado water runoff - so basically spraying pesticides all over the city when ‘cleaning’
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