You can learn a lot in college

But not many schools teach you how to run and grow a profitable, boring business

Here's 6 courses I'd tetach if I was in charge:
#1 Numbers But No Calculus

Accounting, Snooze I know. But learn 3 things:
- P&L (profit and loss) - how to read it & what's important
- forward looking projections (how to model out what cash & costs could be)
- taxes - if you know how they work you can save millions
#2 People over everything

Hiring,
- how to do it
- how not to suck at it
- how to get people to come buy into your dream
- better yet how to get your people to bring friends along

*Sample of one workflow to hire admin we do.
#3 Tech that can 10x your biz

- Deel to pay contractors globally
- Bench/Quickbooks to run your expenses & profits
- slack for comms
- trello for project management
- buffer & hypefury for social

Less employees more robots = higher-margin less pain.
#4 how to run mtgs

Sure leadership. But make it tactical.
Weekly meetings? How to run em.

Sample agenda for Contrarian Thinking.
- start w/ cool ideas so ppl gtt engaged and stoked to be on the call, gets endorphins flowing.

Starting w/ what'd you do this wkeend = LAME.
#5 Make the main thing the main thing.

How to pick KPIs and metrics to focus on.
- Running a successful biz is mostly saying no to distractions non-stop and saying yes to grind grunt work that no one wants to do.
- Ability to tell between the two and measure it = priceless
#6 21st century sales aka copywriting

Honestly if you can't write, speak or film well... getting sales is gonna be tough.
- learn to tame the word, and watch sales skyrocket
- The Hustle kills it at this...
TLDR:

- apparently I should start with spelling
- it’s all simpler than you think
- learn these things, you learn biz building

If you like this comment hit link in bio for free newsletter it’s 🔥

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More from @Codie_Sanchez

25 Oct
I get DM's from investors with one main problem.

Here's a list of public places to buy businesses…
1 - @Flippa

The largest marketplace for online businesses.
Personally they’re my bet on who will win in the biz buy sell marketplace category.

Lots to comb through, lots to due dili but similar to MLS.
2. @BizBuySell

Largest platform for brick and mortar businesses.

Hell to get financials and details from a wide array of brokers but great reports and widest offering
Read 11 tweets
24 Oct
🚨 AMA: buying or selling businesses, investing, turning liabilities into assets.

Drop your qs for me and I’ll turn them into a thread of responses.
#1 IRL or Online Bizs Best?

I buy in real life brick and mortar boring businesses for immediate cashflow because I don’t want to build them.

Then I build online businesses because I find it fun.

9x out of 10 before I build something I ask myself, can I buy it instead?
#2 What if your biz operator or seller gets lazy after acquisition?

The seller will. Don’t keep them in the business long term if you’re a majority owner.

Show me your incentives and I’ll tell you your future. They were ready to sell meaning they’re ready to slow.
Read 6 tweets
21 Oct
In August of 2008 I was a college grad.

No job.
Didn't want to be a journalist anymore.
No money.

I knew NOTHING about $ or investing.

I even called a 401k a 4-zero-1-kay. *Still reasonable in my mind*

Lessons learned to 8 figures & being my own boss... ImageImage
First *It Doesn't Matter Where You Start

My family had lil $.

Investing? What's that.

My mom = special ed teacher for 30 years.

My dad street smart (successful now) but the hard toiling way, no college.

We thought a motel by the beach was the Ritz (I still kinda do).
Second *Fancy colleges aren't necessary

I went to ASU for undergrad. Yes, Arizona Sun Devils.

Read: a party school w/ classes I took like intro to Elvis. I swear to God real class.

Lord help me if anyone finds photos from college. I fully leaned into the ahem "experience." Image
Read 12 tweets
19 Oct
*2nd order thinking* framework that'll change your life:

The smartest people use 2nd & 3rd order affects to make decisions.

Every action has a consequence, each consequence has another.

A thread on a framework used by billionaires to see into the future:
@howardmarks - Billionaire
Warren Buffet - Billionaire
@RayDalio - Billionaire

All credit 2nd and 3rd order affects with much of their success. Image
What is it?

First order thinking you consider the intended and obvious implications of a business decision or policy change.

Second order thinking is tracing down and unraveling the implications of those first-order impacts.

Aka few do this... Image
Read 15 tweets
14 Oct
We launched a course and made $82,700 in 4 weeks...

Our model was do a thing (create a $1M newsletter biz), then create a course on how you did the thing ($1M newsletter course).

Here's what we did right and wrong so you can copy us:
I was clueless when I started Contrarian Thinking.

How clueless?

Like grope-in-the-dark-and-bang-your-shin-against-the-couch clueless.

A one woman show who had a full time job and no idea about internety-things.
So I got started and tried a bunch of things.

Many things worked well, but lots of other attempts failed.

So when contrarians began to number in tens of thousands and we began to hit 5, 6-figure months in revenue, all within a year, I figured was doing something right.
Read 22 tweets
14 Oct
My last deal I spent $23,700 on legal fees.

But they saved me potentially 6 figures +

As much as it pains me, don't skimp on the law

How to hire lawyers that are pros w/o breaking your bank acct

A THREAD:
I asked a guest to come on today for this thread: @SMB_Attorney

- is giving us his secrets as an attorney... for what a GOOD attorney can do, and what to ask for from yours...
Hiring an experienced but reasonably priced lawyer for your deal is a mission-critical task.

As a veteran searcher recently put it, every buyer pays for legal in the deal cycle....

It's just either upfront to a good attorney or after closing in regrets.
Read 19 tweets

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