Joined February 2011
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I worry about the average American who owns no businesses, few stocks, sparse assets, and doesn't understand AI. We are in an asset ownership race.
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Ex-Amazon VP on the question every founder should be asking themselves as AI gets more powerful:
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I realized you get further obsessing on your small daily actions than your potential big plans.
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Be delusional. Bring others.
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You need to stop offering Ferrari results for Honda Civic prices.
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You will never make millions doing everything yourself. 3 hires to buy back your time at every revenue stage: Sub $1-2M → Virtual Assistant - replies to emails - books meetings - follows up with leads & customers $2M → In-person Executive Assistant - handles travel - lets people into the office - brings food & water in between meetings $10-20M → Chief of Staff - negotiates for you - pushes projects forward - takes meetings with other executives I waited way too long to hire a chief of staff.... one of the best hires I've ever made.
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This guy quit the NFL to build a porta-potty business. In month 1, he made $6,000. By year 2, he crossed $1M in revenue. His biggest growth lever? Reviews. Here are 5 tactics to get more reviews for your business: 1. Positive review them first Send customers an auto text after each job: “Hey, [Tech's Name] said you were lovely to work with. Thanks for being incredible customers. If you felt the same about [him/her], leave him a review here → [link]" This is what’s known as the law of reciprocity. You're saying thank you before they've done anything, which creates a psychological obligation to return the favor. This got us 20% more reviews when we tried it in our business. 2. Throw a special event Host monthly community nights with free drinks, live music, etc. Greet people and tell them they could help by posting a Google review. Then walk around and thank reviewers in real time. You'll pull hundreds of reviews in a single night. And sometimes, your customers will bring friends… which could turn into referrals too. 3. Run a contest Do a monthly giveaway for reviews. Ask customers to tag you on socials or use a custom hashtag. Each post counts as an entry to the monthly drawing. We ran one of these and got 1,000 reviews and newsletter subscribers from a single giveaway. 4. Celebrate your best customers Congratulate them for meeting certain milestones: • being a “power user” on your site • 1-year anniversary of being a customer • buying X repeat products Send a thank you, maybe a small gift, and ask if they’ve left a review yet. The ask feels like a natural next step in the relationship. 5. Pay your team to ask Give your employees a small bonus for every review they bring in. But instead of a generic review request, frame it as tipping the employee. One version I love: "Leave [Tech's Name] a 5-star review, mention his name, and we'll tip him $10 for you." Free for the customer. Motivating for the employee. Personal enough that people actually follow through. - I’ve used every single one of these 5 tactics to get more reviews for my businesses. And so have thousands of our academy members in the ones they've bought. Speaking of which….. Want learn how to find, buy, and run businesses like these? I’m running a 3-day live event teaching the full process. Save your spot here: ↓↓ codiesanchez.com/msm/?utm_so…
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Underrated number most founders ignore: What is each department's cost as a % of revenue? Most know the dollar amount but not the percentage... you need both. A $50k/month marketing budget might be perfectly healthy in one business and a disaster in another. Example: ad spend for an investment advisory should run 7-12% of revenue. For an info business it’s 30-50%. The fastest way to find silent killers in your business is to compare that number for each department against your industry’s benchmark. Almost every industry has one that shocks the hell out of you when you find it.
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If you want to make a lot of money, the worst thing you can do is have a small mind.
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Harsh truth: Your team will drag your vision down to whatever they think is reasonable. Every decision they make: who to hire, what to charge, what to build.... gets made against their ceiling, not yours.
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How to profit from the AI boom without writing a single line of code: 1. Get into a trade: HVAC, plumbing, electrical, pest control..... Nobody has figured out how to automate a clogged drain at 11pm on a Tuesday. 2. Use AI to become the most valuable person in your current job. You'll either get promoted over the ones who didn't, or build enough leverage to own something yourself. Both make you more money. 3. Buy a boring business that was running 20 years before AI existed instead of building from scratch. If it survived the internet, 2008, and COVID… it’ll still be running when the next model drops. 4. Do the unscalable human things everyone else is automating away: Showing up in person, remembering names, sending the handwritten note…. The bar for standing out has never been lower. 5. Get into the right rooms. Everything in business becomes easier when you're around people who are already doing the thing, not just talking about it. One right relationship will move you faster than learning any a new AI tool or model.
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Every single thing on this list is easier when you're around people who are actually doing the thing rather than just talking about it. That's why I’m running a 1x a year live virtual event teaching people how to buy small businesses. Where to find deals, financing options, live acquisition breakdowns, and more... Taught by me and other operators who’ve done it. Come join us here: codiesanchez.com/msm/?utm_so…
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I wish I realized this earlier: most people are entitled, lazy, incompetent, and have no idea how lucky they are.
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You have to believe it’s possible, you have to be delusionally confident. That’s how you beat the f*ing odds. Anything less and you’ll never make it.
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My advice to most: Don't start, buy. Entrepreneurship is incredibly hard. • Failure rate: 90% • Avg salary: $46k Instead, go buy a profitable $1M/year business using SBA loans just like you would a mortgage. Here’s how:
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And that’s the whole breakdown! As a thank you for sticking around, I’m giving away 10 days of BizScout Pro FREE. If you want access to… → Unlimited direct messaging to sellers → Verified buyer status for faster replies from brokers & owners → Off-market businesses with owner contact info estimated financials → AI agents that scour the internet 24/7 to find businesses matching your deal box the moment they hit the market Click the link below: ↓↓ codie.bizscout.com/
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PS… I’m running a 1x a year live virtual event teaching people how to buy small businesses. Where to find deals, financing options, live acquisition breakdowns, and more. This time, everyone who joins gets $4,876 in resources (including 90 days of BizScout Pro free!) Save your spot here: codiesanchez.com/msm/?utm_so…
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