How Shaq made $400M from Carwashes & Franchises?
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- Опубликовано: 5 июл 2022
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If you’re going to take financial advice from an athlete, make sure that athlete’s Shaq.
Basketball’s friendliest giant is making more money as a retiree with boring businesses than he did during his legendary 19-year NBA career.
7’1’’ or not, that’s the upwards wealth trajectory I’m after.
While Shaq’s success in basketball may remain a jumbled mystery of genetics, insane spatial awareness and hard work, watch to see the steps he took to financial success so we can follow.
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All content on the Codie Sanchez RUclips channel reflects my own opinions and should NOT be taken as legal advice, financial advice, or investment advice. Please seek out the guidance of professionally trained and licensed individuals before making any decisions. Some links in the description may be affiliate links. 
Хобби
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
Hell ya. Totally I’ll do a breakdown on our 30-60-90 day takeover plan.
@@CodieSanchezCT Ayy! Awesome. Thank you for being so helpful.
@@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!
I want to invest in Bitcoin, how do I get started with the help of a professional?
@@christianajoe8563 her availability is open on face b o o k 👇
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.
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.
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!!!🙏
I started my own Vending business because of you. Love your content, boring business's for the win!
Well done ! Thanks for sharing
I recently discovered your channel and watching videos one after another. All are GEM!
Love it Codie! Great video 🙌🏼🔥
I love your videos!!!! ❤ They are very entertaining 🎥 and educational 🏫 . Thank you 🙏🏽 so much for the effort you put into these videos.
Super informative. Thanks for sharing. Still trying to crack my first business deal
Thank you, Codie! I'm new to the channel. Are there boring online businesses that we should consider buying?
Great content Codie. Keep it up.
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.
Codie first time I’ve seen your content. Love the video and I have subscribed ✅ thank you for this 🙌
Thank you Codie!! What is your best place to start if you are starting with zero and want to buy businesses?
Great interesting video about shack attacks !!! Awesomeness!!! Keep them coming Codie !!
Love the vids. Keep 'em coming.
I enjoyed your video, and I appreciate the information, Thank you
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!
Great video. Codie - what is the best way to find a profitable business? And how to evaluate a business?
You are awesome. Great information. First time listener.
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!!
I’m so glad I found your channel, really helpful in showing me new ideas for boring business!! 🥂 you’re the best
This is old gold, gold doesn't get old but value is! Really good information
Thank you for putting out such great content. I really enjoy your videos. I just retired from my 36 year career and am working on my "greater later plan". The family and I are doing a startup on a new gaming store business but I am already looking to my next venture. I think it should be one or several "boring businesses" with a focus on cash flow. Any tips on where to look would be appreciated!
Excellent Codie. Will pass your YT platform onto other influencers.
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!
Your presentation is wxtreme good...that motivates to besome part of your lesson..
You should do a video about what you do as the manager of the operator, like the day to day stuff
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
Hey Codie, when would be a good time to bring up seller financing to a potential seller?
Good video Codie.
Great job. You make great points.
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.
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.
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 ?
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!
Great q - we have a ton of blog posts on this like this one contrarianthinking.co/hiring-a-good-operator-is-better-than-sex/
Great job! Inspire us with more humble beginnings..⚘
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."
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. 🙌🙌🙌
How about a video on business plan for getting started in those boring businesses?
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.
Awesome content. Recently started feeding your videos to my sons. Do you have any videos on boring business you can get into for $1000?
I just found your channel and I like how you think. You make sense to me. I wil keep watching.
Super interesting video and I even got my Laker fan husband to watch it when he rarely watches business related content, lol! Question for you, if I've always been super interested in boring businesses such as self storage, mobile home parks, laundromats, would there be options to get started in this type of business without significant upfront capital? Also, would it be necessary to learn how to do this from a commercial real estate investor? Or what program do you offer specific to learning and being coached how to get my foot in the door with this?
Hi Codie just happen seeing your video in the first and I love it.. Very informative and inspiring.. Thanks for that. Anyways do you also have a video about stocks and mutual fund👍
Codie thank you for great videos and a great channel. This is the RUclips 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.
@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
I'd love to learn the details of fixing up a car wash and costs associated after purchase.
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?
Wooow. I really learnt thanks
So where do you start to look for businesses to aquire? Are there websites for that?
Hi Codie,
Do you do business consultancies?
Great video!!! What are some of your favorite type of franchise?
Hi, I don’t think it’s a coincidence your video was in my feeds but I’m positive it was for reassurance for me to step out and start my business. Thank you for the info and inspiration.
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.
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?
Please tell me how do you buy into businesses in the first place?
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
Where can I go to learn how to do this?
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
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!
Great video
I hope you start making webinars, I think that is your future.
Good luck
Keep up with your good work
THANKS
A.GRAD
Just too cool …. Love the philosophical standpoints and like mindedness.
Shaq really should be a franchise banking consultant and have a podcast
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.
You are soooooo smart!….. you are empowering with all your genius
How do you manage high utility costs on your laundromats? Do you have water recycling systems at all of them?
I love Shaq, as a Basketball player and as a Bussinessman. Cool Guy if you ask Me! His an Inspiration! Thanks for Sharing this video! By the way Miss Codie, does your courses in your website also applicable to anywhere in the world? Let's say in Canada, I could be planning to acquire boring businesses that are up for sale? Thanks so much Miss Codie! Will always follow your channel! Cheers!
How do I start a franchise business with no money or assets.
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.
Where do I look for a business for sale?
YOU ARE MY HEROOOOOOOO, LOVE YOUR VIDEOS. I am going to start buying car washes and detailing companies along with laundromats.
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?
Im getting a laundromat ! So excited contract is signed and will go in for a week to
Learn everything
What are your thoughts on gas stations?? What are something’s to look for when buying one?
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
Mrs. Elizabeth Graham changed my life because of the huge profits I got from investing with her.
You invest with Mrs. Elizabeth Graham too? wow that woman has been a blessing to me and my family.
I’m new at this, how can I reach your broker?
I was skeptical at first until I decided to try. It’s huge returns is awesome! I can’t say much.
@@EliasDSmith You can communicate with her on telegam, with the username below.
Where do you find boring business for sale?
I actually like your ice machine business. Seems very doable financially
Thanks Codie I'm buying a boring business which operates while I'm asleep... and is Covid proof ... Vinaka for the amazing advice & content
I would like to get a car wash like you have mentioned in one of your previous videos, how do I go about doing that?
He wasn’t just a smart ball player, he’s a smart person and a smart money man now. Boring is succesful
You said you like insurances businesses can you make tell us why and make a video on them please?
Codie, what do you think about Pawn Shops?
Taking real shots on Kazaam lol. Good video.
You reply to every single comment? Ok Listen you're awesome and I love your content. Thank you. Also was that your defender in the Ice machine video?
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😁
You are awesome 🙂
I want to purchase a car wash business in my area. How do I find a mentor in this niche??
how do you balance wealth & love ...?
I'm on a mission to watch every one of your videos lol by then I'm hoping I will know the jargon enough to approach someone with my business ideas and not sound like I don't know what I'm talking about lol
Hello, thank you so much. This helps a lot. Would these business, car washing and laundromats, work in locations like Connecticut? We just moved here and I am looking into new business.
@codie. u should do a video on this owner of Foxtrot Inn in Coldwater, KS. He runs a few businesses and finance it thru owner finance, give or take. Thank you your video but me seeming a person doing what u show on your video just hit home.
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?
Hi! Hope you’re doing grea! I’m based in New Zealand. I’ve got a handful of property and the more I watch your videos the more I feel like I should buy some businesses as well. Do you value businesses over property ?
Thanks
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.
I love your contents, by the way!!!
Cheers!!!
Ibia Morgan
Uyo, Nigeria.
Codie, love your content. I want to buy businesses, I have the drive, also the niche ideas, but no capital and my credit is no good. Help…
Thank you thank you and thank you
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?