Codie SanchezFounder @ Contrarian Thinking

Buy The RIGHT Business

28 Oct 2024 · 1 min

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0:46

Codie Sanchez argues that common small-business purchases like laundromats and car washes have become overbought and therefore too expensive. Instead she introduces the idea of a “Perfect Fit Business”—a business you enjoy, where your skills add value, and which enhances the value of your other assets—and directs viewers to a worksheet/book to help find that right business.

Chapters

If you think you want to buy a car wash or a laundromat, you're wrong. Here's why. So I've been talking about these businesses on the Internet for almost three years now. But what I really mean is you should buy a simple business like a laundromat or a car wash. And you all listen too well. Actually, brokers have already seen an absolute wave of buyers in these small business markets and most of them are gunning for, you guessed it, businesses just like this. So I think they're too expensive. Which businesses should you buy instead? This is a trick question. The best business for you is called a Perfect Fit Business. And it looks like this. It's one you like. One where your skills will increase the value of the business and one that will increase the value of other things you own. Or what I call the Perfect fit business. You can download our Perfect Fit worksheet from my new book here. Because you shouldn't just buy a business, you should buy the right business.