{"id":193999,"date":"2025-04-20T04:03:40","date_gmt":"2025-04-20T04:03:40","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/finance\/the-millionaire-formula-they-dont-teach-in-business-school\/"},"modified":"2025-04-20T04:03:40","modified_gmt":"2025-04-20T04:03:40","slug":"the-millionaire-formula-they-dont-teach-in-business-school","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=193999","title":{"rendered":"The Millionaire Formula They Don\u2019t Teach in Business School"},"content":{"rendered":"


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There are two paths to business ownership.<\/p>\n

One path \u2014 creating a new company \u2014 has a 10 percent success rate.<\/p>\n

The other?<\/p>\n

When entrepreneurs buy an established, existing business, 75-85 percent succeed.<\/p>\n

We don\u2019t hear about this path often.<\/p>\n

But maybe we should.<\/p>\n

This dramatic difference challenges conventional wisdom. The myth says that buying a company is \u201crisker\u201d than starting one.<\/p>\n

It also reveals a powerful truth about building wealth \u2014\u00a0the best opportunities often hide in plain sight.<\/a><\/p>\n\n\n\n
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Think about it this way:<\/p>\n

When you buy an existing business, you\u2019re not starting from scratch. You\u2019re running something with a track record.<\/p>\n

There\u2019s no need to burn through savings, hoping customers will show up.<\/p>\n

The customers are already there. The operations are already humming.\u00a0The cash is already flowing.<\/strong><\/p>\n

This flips the\u00a0typical entrepreneurial playbook<\/a>\u00a0on its head. Instead of wondering if your idea will work, you\u2019re starting with proof that it does.<\/p>\n

Then you can focus on the fun part: making a good business even better.<\/p>\n

Maybe that means upgrading systems, improving customer service, or finding smarter ways to operate.<\/p>\n

The differentiator isn\u2019t just financial \u2013 it\u2019s also psychological.<\/p>\n

If you start a business, your unique skill set is the vision that you bring to the company, and the direction that you set.<\/p>\n

But to succeed in business acquisition, you need a different skill set. You\u2019re not inventing the next big thing. You\u2019re\u00a0developing an eye for value<\/em><\/strong>\u00a0that others might miss.<\/p>\n

Essentially, you\u2019re a value investor.<\/p>\n\n\n\n
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I recently sat down with an expert who\u2019s mastered this strategy.<\/p>\n

Codie Sanchez joined me at the Afford Anything studio in NYC<\/strong>\u00a0to break down her playbook for acquiring profitable local businesses.<\/p>\n

\u200bShe built a 9-figure holding company<\/a>\u00a0(yes, you read that right) by acquiring everyday companies.<\/p>\n

We\u2019re talking about laundromats. Car washes. Dry cleaners. HVAC. Plumbing companies. Cleaning services. Dumpster rentals.<\/p>\n

These businesses aren\u2019t glamorous. They\u2019ll never grace the cover of Fast Company. But they share one crucial quality:<\/p>\n

They solve real problems that aren\u2019t going away.<\/strong><\/p>\n

Toilets will always need fixing. Offices will always need cleaning. Construction companies will always need equipment.<\/p>\n

While tech startups chase the next big thing, these Main Street businesses quietly generate steady cash flow by solving everyday problems.<\/p>\n

That creates a foundation for consistent cash flow that\u2019s more accessible and reliable \u2013 and often more profitable over the long-term \u2013 than chasing unicorns in Silicon Valley.<\/p>\n

Codie has attracted 8 million followers (!!) across social media and 750,000 newsletter subscribers.<\/p>\n

\u200bIn our conversation,<\/a>\u00a0we dive into:<\/p>\n

\u2713 Why private equity firms are gobbling up Main Street businesses (spoiler alert: that\u2019s where the reliable cash flow is!)<\/p>\n

\u2713 The stats about business ownership and millionaire status<\/p>\n

\u2713 How company ownership creates multiple income streams and lasting wealth<\/p>\n

Below, we break down the complete playbook.<\/p>\n

\u200bHere\u2019s my full conversation<\/a> with Codie<\/p>\n\n\n\n
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