“Think big, own small.”
Why build a business from the ground up when you can always buy one?
In a Forbes article, it says that acquiring an established brand is like operating a well-oiled machine—an easier endeavor to leverage growth compared to starting from scratch.
In this episode with Codie Sanchez, the founder and CEO of Contrarian Thinking we discuss how buying up small businesses led her to expand her portfolio and increase her wealth. Codie is a familiar face on social media, particularly in YouTube where she has amassed over 2.5+ million subscribers.
Codie says her experience during the pandemic cemented her belief to always defend small businesses which were the first ones to be shut down – that and cashflow. She has mastered acquisition ownership to a tee. She is the co-founder of Unconventional Acquisitions, focused on small business acquisitions in the micro-PE space with an emphasis on roll-ups.
In this episode she lays out the challenges and the triumphs in acquiring small businesses. But most importantly, she has shared the secrets as an owner of 2 dozen companies.
SPONSORS:
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Maybe you’re saying, I’m brand new to starting a business and all of this sounds foreign and complicated, remember, this company helps new people just getting started every day. They will help you form the entity that’s best for you and help you walk through the process.
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🤝 Cost Segregation Services: We have been working with Tim Looney at CSSI for a few years now and he has saved our clients and our hundreds of thousands, if not millions of dollars, in taxes doing Cost Segregation Studies.
Let me give you a few examples. We bought a property in 2019, if we had just used straight-line depreciation, we would have saved about $18,750. Because we did a cost seg we saved $258,000 – that’s $239,350 more than standard straight-line depreciation in the first year!
Call Tim Looney at (318) 469-9861 to schedule a complimentary property analysis, and tell him Krystle and Kenny sent you!