Everyone thinks you need millions of dollars to build a holding company.
At least I did.
Then I built one & realized it's simpler than you think.
Here are the basics:
(if youβve ever thought about owning a biz, read this)
At least I did.
Then I built one & realized it's simpler than you think.
Here are the basics:
(if youβve ever thought about owning a biz, read this)
Building a portfolio of businesses isn't about having millions.
It's about two things:
β’ Scale
β’ Leverage
Let's break it down:
It's about two things:
β’ Scale
β’ Leverage
Let's break it down:
1. Scale
Start where you are, with what you've got.
Like Ramon: ex-MMA fighter, single dad.
His first biz cost $500. About 9yrs later, he says he bought one making 8 figures.
How? Stairstepping.
Start where you are, with what you've got.
Like Ramon: ex-MMA fighter, single dad.
His first biz cost $500. About 9yrs later, he says he bought one making 8 figures.
How? Stairstepping.
Stairstepping is like real estate:
Studio β 1 bedroom β Townhouse β House β Multi-family β Industrial
Same in business. You buy what you can.
But you don't bankrupt yourself as youβre learning the game.
Studio β 1 bedroom β Townhouse β House β Multi-family β Industrial
Same in business. You buy what you can.
But you don't bankrupt yourself as youβre learning the game.
Here's the magic:
When you're just starting, people actually WANT to help. So, what can you do?
β’ Find people you want to model your baby berkshire after
β’ Ask them direct questions.
Congrats. Free board of directors.
When you're just starting, people actually WANT to help. So, what can you do?
β’ Find people you want to model your baby berkshire after
β’ Ask them direct questions.
Congrats. Free board of directors.
Next:
Set timelines. And more importantly β meet expectations.
Your plan might look like:
"Buy my 1st biz for <$10k in 6mos. Then use the cashflow to buy the 2nd in 3mos."
This is how you start a business flywheel.
Set timelines. And more importantly β meet expectations.
Your plan might look like:
"Buy my 1st biz for <$10k in 6mos. Then use the cashflow to buy the 2nd in 3mos."
This is how you start a business flywheel.
Now? Find where other owners & buyers are chilling.
Hit up as many as humanly possible:
β’ Send DMs
β’ Attend events & conferences
β’ Join communities (free first, paid later)
When you surround yourself with owners, you multiply your odds of success.
Hit up as many as humanly possible:
β’ Send DMs
β’ Attend events & conferences
β’ Join communities (free first, paid later)
When you surround yourself with owners, you multiply your odds of success.
2. Leverage (aka Other People's Money)
Two main things you need to understand:
β’ SBA loans
β’ Seller financing
The fastest ways to get equity in things you can't afford with cash.
Two main things you need to understand:
β’ SBA loans
β’ Seller financing
The fastest ways to get equity in things you can't afford with cash.
Leverage is fun, if you can get creative.
We'll stay out of the weeds here, but you can take this guide on 6 ways to creatively finance.
Download for later:
contrarianthinking.biz
We'll stay out of the weeds here, but you can take this guide on 6 ways to creatively finance.
Download for later:
contrarianthinking.biz
Now, once you get the ball rolling:
Find your niches. Double down.
If it works, keep doing it.
Just bigger.
Find your niches. Double down.
If it works, keep doing it.
Just bigger.
When I first started buying biz's, I kept it simple with laundromats, carwashes, etc.
Then I started buying businesses that helped expand my media company.
Now, I'm making bigger bets, in the millions. And I'm making them publicly.
Then I started buying businesses that helped expand my media company.
Now, I'm making bigger bets, in the millions. And I'm making them publicly.
One recent add to my portfolio:
The home services franchise Resibrands.
Making blue collar work cool again & helping regular folks become owners.
But that's not my only recent big bet...
The home services franchise Resibrands.
Making blue collar work cool again & helping regular folks become owners.
But that's not my only recent big bet...
We're also working on something (BIG) that's going to make YOUR holding company easier to build.
Buy your dream & build back Main Street..
Be the first to get more details here:
mainstreetdream.com
Buy your dream & build back Main Street..
Be the first to get more details here:
mainstreetdream.com
Holdco's aren't only for the wealthy.
You just need to learn their secrets...
Follow me @Codie_Sanchez for more, and feel free to share here if you liked this:
You just need to learn their secrets...
Follow me @Codie_Sanchez for more, and feel free to share here if you liked this:
Best part is you own multiple businesses, worst part is you own multiple businesses.
Builder beware⦠something always going wrong. You gotta be a weird masochist (like me). ;)
Builder beware⦠something always going wrong. You gotta be a weird masochist (like me). ;)
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