How To Build A Business That Will Sell For Millions (12 Month Plan)
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- čas přidán 15. 05. 2024
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Knowing all of the parts to get your biz ready to sell can be tough. The first 10 times I did it, I had to figure it out by myself, and now that I’ve done it so many times, I have created a step by step guide for you to get your business to sell for millions. It’s not going to be easy, but with these 14 steps, I bet you walk away with the recipe for success.
Timestamps:
0:00 - How to Build a Business That Will Sell for Millions
0:42 - Goals & Valuations
6:19 - Tracking & Documentation
10:00 - Diversifying
13:46 - Recurring Revenue
17:17 - Repeatable Sales Process
20:32 - Productized Service
22:45 - Cashsuck to Cashflow
24:25 - Key Man Risk
26:12 - Buyers
28:25 - Broker/Intermediary
30:07 - Business Plan
31:13 - The Seller Story
32:53 - Set The Team Up for Success
34:12 - Due Diligence
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All content on the Codie Sanchez CZcams channel reflects my own opinions and should NOT be taken as legal advice, financial advice, or investment advice. Please seek out the guidance of professionally trained and licensed individuals before making any decisions. Some links in the description may be affiliate links. - Zábava
How am I watching all of this for free is insane, thank you so much. I'm a law student with a background in biz and accounting rn, but want to get into VC and consulting startups. Seriously thankyou your valuable knowledge is helping me alot to streamline so much which even profs don't teach us. You're truly are one of kind who is part of the Industry and sharing all the insider knowledge with us.
My three favorite channels: Codie Sanchez, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥
Are you in a position to snipe with stocks?
Bc if you're not really in stocks... check out the podcast My First Million
Oh, my word Codie, ten out of ten. This was absolutely the best video I have watch of your content. Thank you for your time and effort in creating these types of content for us for free. You are amazing, we as a community appreciate you.
You add so much value Codie. You are changing lives and I hope you know that.
Super valuable stuff, Codie. Thanks for all the info.
Codie, your content inspires me to get into business more than any other on CZcams. The straightforward, simple explanations make it easy to understand the fundamentals, and your real-life examples are packed with value. Thank you 🙏
How is this content free? 😂My gosh thank you for everything!
Damn brilliant packaging of the concept. I do this with my apartment buildings.. repackaging underperforming buildings.
Thank you so much Codie, this is gold!
Dang. This may be the best content you have made. Well Done.
Appreciate you so much codie, this video has answered so many questions !
Codie thanks so much for doing this video helped me in several ways even in spaces I didn’t know I needed thanks again!
This video is incredible. Thank you so much for your time and effort.
Amazing information! You explain things in such an understandable way. The "Cash Cake" metaphor is delish.😉 Thank you so much for this detailed education Codie.
I also gotta tell ya, your bounce back strategies after having your businesses interrupted is so inspiring.
This video is worth way more than I paid for it! Incredible
You’re awesome!! I believe in you!!❤
This is like a class in a business school ❤ Thank you for making the video ❤
incredible value, thank you
so useful thank youuuu❤❤
Phenomenal video!
Simply said A++ content. Thanks!
HAPPY HOLIDAYS CODIE! Happy for you! 🎄🤙🍾🏆👍🥇🌹
Always great videos.
This is excellent!!! ❤
You are so good my dear!
Codie, you’re a great person. Wish I had found you sooner when I had more money to invest! But I am grateful to have learned from you now. Thank you.
This is FANTASTIC! I couldn’t make it to the free webinar today but really wanted the info so thank you Codie!!! Can’t wait to implement as much as possible of this in my small business and be like you!
Nice video! Upgrading the content game. Felt a little inspiration on latest Hormozi's videos, but with personal touch.
What a video for sunday morning
Great video. One thing to note is that a lot of SMBs use 3rd party vendors to run their online businesses, that is why there could have a lot of platform and payment issues, because they "pay for use". How about "pay for build and free to use" as long as you want, it makes things a lot easier. if could have your entire online all-in-one platform built at a fraction of the cost you are currently paying "to use" and get it done in short amount of time, will you be interested ?
You explained each ingredient so clearly, I think our schools should have business teachers like you.
❤️🔥❤️🔥❤️🔥 unreal video.
Codie I enjoy your content immensely could you help us with a coffee cart business startup?
I have enjoyed the interview with Michael but his coffee enterprise was a lot bigger. Thank you
Bravo 👏
Happy holidays
The 15% client rule is an excellent idea.
Love it
Incredible value in this video. You're making what is perceived as complex matter by many understandable and short! Love it!
Thanks
Thanks!
Thank you for this process I needed this
At 19:58 one of your animated gears is not turning the right way. Technically, they'd be grinding against eachother. Most people won't notice and its not really important but I just had to tease you about it.
I enjoy the knowledge and insights you share. Thank you!
Instead of building your SOPs just in case someone gets hit by a bus, I like to keep it more positive. "Just in case you win the lottery!"
Additionally, in SMB we occasionally see people that are afraid to teach others what they know because they think it's job security. I like to help them understand that it will never endanger their job to build SOPs, but it will make it a lot easier for me to promote them once I know that someone else can backfill the position.
🔥🔥🔥
Codie, your videos could be called "The 30 minute MBA"
Codie, do you offer any consulting services for individuals looking to start a business?
When are you going to be on shark thank?
Codie, you're my new favourite creator. I'm going to binge-watch all your content, become a cenimillionaire, meet you, make friends and tell you I wrote this comment on 12/26/23
00:02 Recipe to build a business that can be sold for millions
01:44 Determine the value and plan to bridge the gap for your business sale.
05:39 Brand consistency can increase revenue by 33%
07:30 Establish a systematic process and financial tracking for your business.
10:58 Diversifying revenue streams and risks is crucial for business success
12:50 Diversify payment processors and platforms to mitigate business risks.
16:34 Implementing a re-engagement sequence for customer retention
18:14 Establishing strong sales enablement and multiple selling channels are crucial for selling your business at a higher value.
21:49 Building a business with reoccurring revenue and set processes for scalability.
23:27 Charge upfront or in milestones for positive cash flow
26:37 Strategic buyers can pay more for a business than its current value.
28:12 Finding the right broker is crucial for selling a business.
31:35 Prepare to sell your business with confidence
33:12 Establish a plan with incentives for your team.
The blueprint to end all blueprints!
WOW😮❗️ Codie you are so awesome 👏👏👏👏Thank you so Much for inspiring me with each and every video you put out. Please keep bringing these videos to us. Blessings,Carlos ✝️🙏❤️😊🇺🇸
PLEASE SHARE THAT NOTION TEMPLATE! PLEASE!
Soooo much good gems here
What are your strategies when ops are handed off to AI / an ERP system? Staff reduced?
Interesting...
The best🔥
When you buy a Business Do you get the bank account, LLC, and any money thats in the Account cause its yours....
Nice TY Codie
I’d disagree that an agency having multiple offerings is a negative. I’d say they’d have their core offering and other upsell offerings
Thank you for your best advice
How do you do a Seller Financed Deal via a Business broker. From my, very ignorant, point of view; they would like to get their commission as soon they can get it and would not want to facilitate a deal where their payday is deferred over a number of years.
Just ask. I've bought both a business and a couple properties with seller financing. If the seller is motivated, they'll make it work.
Looks like Codie is starting a baking youtube channel.
💎💎💎💯
How you doing Codie? I live in Latinamerica, we have what it´s called ¨unicorns¨, companies valued in more than 500 hundred millions dollars. Do you know why those companies have that valuation? I´ll give you a hint. I´ve just heard you saying minute 22:00 that how can you want to be successful if you do ¨things differently every time¨. Well, that´s the key. Apart from Bernard Arnold´s brand emporio, in which many brands do the same over and over again, ¨that´s called luxury and status¨ the rest of million dollar companies know how ¨to change stuff in order not to change the style¨. Too tricky? You tell me. Again, ¨to change stuff in order not to change the style¨. There goes your home´s version of my ¨unicorn¨. Hope I have really helped you. Bye! Thanks.
Ah, well. How long did it take for combustion engines to run reliably, and combustion cars became available for the masses ? OVER HALF A CENTURY.
This is gonna take about half of that time, I guess. Untill then you'll see occasionally happening things like this. No sweat.
You are amazing 🖤
Codie is excllance vídeos fantàstic good
This women is so creative thanks a lot for the value (from Germany)
I want to ignore your notifications at times…but every time I watch you I walk away more knowledgeable!🎉
How do I find those score cards and checklists
If you are the key “face” person, how do next business run the same show?
Nowadays we can do an entire MBA from CZcams for $0.
You're paying with your time.
I love u
✔
💙💙💙💙💙💙💙💙💙💙💙
I love this video. I'm looking to start a business and sell one day. Thank you.
Wow this is so good. I have so much work to do😅
Good video. Seems based on the book Built to sell which is a great read.
I want 200 million for my business 😅
I'm more interested in that ring on your right hand . The video is ok also.
How to buy a dog groomer existing business
Tmz collecting stray bullets
Wala! And that’s how it’s done! 🎉
Im cl aning up my subbed channels. And i honestly who you but. Lmao. Nice thumbnail for this video. You gonna try to sell me a course that has ‘the way to do exactly it’? Hahah😂
In Real Estate, these are called fixer uppers.
Hey Codie…
Hi Codie, I was listening to you and I was thinking meanwhile, how about you use, cookies to identify possible customers and information about purchasing as well and the you use gpt to make the advertising. I tell you why. Gpt is not gonna be so original as a human being, supose it uses a kitty cay or a french bulldog to do the advertising and a warm ¨hello my buddies!¨ it hits you as a rocket. Don´t you think? It´s so sticky that you can´t get away from it. You keep saying, ¨What are they doing?¨But you just have to hit that bottom after you see that kitty cat. Don´t you think so? Gpt it´s not so creative if you enter the right inputs. I don´t know, maybe I´m wrong. If it works it could be sticky. Thanks for the video! Bye!!
👀
2nd
1st
I sent an email on your website for a business for sale. No one responded
Thank you for a great video Cody. I just hit 1 million in Annual Sales for my company, been watching your content for about 2 years now and it is very appreciated. Also started a CZcams channel to teach others what I’m doing @xavier Sotomayor. Thanks for all you do 🙏