Codie SanchezFounder @ Contrarian Thinking

How to Find A Business To Buy #shorts

27 Apr 2023 · 1 min

Watch on YouTube

0:36

A short YouTube clip (Codie Sanchez) arguing that there are millions of small businesses for sale in the U.S., many of which are closed/shut down each year, and emphasizing that every business (and its assets) has value; the speaker focuses on buying these businesses before their value falls to zero to preserve value for founders and assets.

Chapters

There's 11.2 million small businesses for sale in the U.S. out of these 11 million small businesses, 1 in 12 in a year will not sell. So that means they're just getting shut down. Every business has value. Like, let's say, just this little podcast business that you have. Imagine you shut down tomorrow. Well, what do you do with all the camera gear? Well, what about your historical videos? Well, what about your AdSense revenue on YouTube? There's a value in everything. And so I get obsessed with how do I buy those businesses before they turn to zero. Because that's a travesty for the person who built that business that gets no value out of it and for the assets that just disappear.