Want to learn how to buy a business? (Free Consult): https://contrarianthinking.biz/youtubefam
The ONE document I make ALL my companies use 📃 The ONLY way to insure you are not going to run out of cash is to track it weekly. This is every private equity funds simple superpower: https://contrarianthinking.biz/46d4LeG
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Every entrepreneur dreams about the title of CEO, but the path to getting there is a mine-field of failure. Here's the hard truth most people don't want to hear, and even fewer will want to tell you: you will fail, repeatedly. Jeff Bezos has made multiple billion-dollar mistakes at Amazon. He's lost more than most people will ever gain in a lifetime.
45% of businesses fail in the first two years. And in 10 years, 75% of all businesses fail. Why am I telling you this? Because if you can anticipate failure, you can be prepared for it, learn from it and be better at avoiding it in the future.
The most expensive mistake you'll likely make is not what you do, but who you chose to do it with. A lot of entrepreneurs may at some point start a business with a friend. Friends are easy to work with because we already like them, but unfortunately, sometimes money makes people do crazy things like steal from you. It has happened to me, and it will probably happen to you. It sucks, but it's not the end of the world and it will hone your senses to look out for the next time it could happen.
This video is full of all the common pitfalls you may encounter on your bumpy road to success. Have you encountered any of these problems while running your business? Are there any red flags you noticed along the way, and ones you didn't anticipate? Comment below!
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Hi... I'm Codie.
If we haven't met, I build and buy businesses and help you make money. I used to work on Wall Street and in Private Equity for too many years. Then I realized I'd rather YOU AND I own our businesses locally instead. So I built up Main Street Holding Company, Contrarian Thinking Capital & Co. Now, we own and grow dozens of businesses. My mission is to create 100,000 business owners and help 1 million of us build profitable businesses. I hope you’re one.
Here's what I know for sure... those who say it's impossible should get out of the way of those of you who are doing it!! ❤️
If you want to grow your business... we got you: https://contrarianthinking.co/scaling-workshop/
If you want to buy a business... we help here: https://contrarianthinking.co/our-courses/
If you want a free guide on how... it's right here: https://info.contrarianthinking.co/smart-buyers-guide
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The BE AN ADULT SECTION 🤗
All content on the Codie Sanchez YouTube 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. Copyright © Contrarian Thinking LLC 2025.