Codie SanchezFounder @ Contrarian Thinking

Should You Buy a Business?!

29 Aug 2024 · 1 min

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0:51

Codie Sanchez breaks down the BRRT method for buying small businesses: use seller financing, target recession-resistant sectors, raise prices, and add technology like websites and social media. Many small businesses lack basic online presence and advertising, creating opportunities to improve operations and cash flow.

Questions this video answers

August 29, 2024.

3% to 300% underpricing.

36%.

40%.

50%.

Chapters

You don't think you should buy a business? I don't know. This might change your mind. I call it the BRRT method. This is how it works and how I did it. You use other people's money in case seller financing to buy the business making sure that the cash flow covers your expenses. Then you invest in sectors where the business weathers any storm. You can search historical sector returns from.08 to 20 and go after those that grow when others die. Next. If you don't know this, most businesses forget to raise their prices with anywhere from 3 to 300% underpricing in markets. Next you add technology. 36% of them don't have a website. 40% have no social media strategy 50% don't even do advertising. In summary, buy or invest in businesses that are recession resistant. Raise your prices, add tech. Because sometimes keeping it simple isn't. Where do you find businesses like this? I got you. Download our guide on how exactly to find them.