What podcasts say about Codie Sanchez
Every statement, with the speaker, the exact quote and the moment it was said.
What Codie Sanchez has said on podcasts
50 statements · 25 positive · 22 negative · 3 neutral
46% of business owners are unprofitable
“46% of business owners actually aren't profitable”
Open the episode · How To Build A Business That Runs Without You - Codie Sanchez - #1145Listen at 1:29
64% of business owners are profitable but earn below California minimum wage
“64% of business owners are profitable, but they make less than minimum wage in California”
Open the episode · How To Build A Business That Runs Without You - Codie Sanchez - #1145Listen at 1:37
A currently profitable business ranks within the top 10% of businesses
“if you actually have a business that makes money right now, you're in the top 10%”
Open the episode · How To Build A Business That Runs Without You - Codie Sanchez - #1145Listen at 2:24
A business generating $1 million annually ranks above the top 1%
“if you have a business that makes $1 million a year, you're well above the top 1%”
Open the episode · How To Build A Business That Runs Without You - Codie Sanchez - #1145Listen at 2:29
Promises of rapid, effortless businesses with little capital will fail
“it's not going to work out”
Open the episode · How To Build A Business That Runs Without You - Codie Sanchez - #1145Listen at 3:04
Businesses financed with SBA loans fail at a 13% annual rate
“13% of those businesses fail per year”
Open the episode · How To Build A Business That Runs Without You - Codie Sanchez - #1145Listen at 3:15
90% of startups fail within five to ten years
“Startups, 90% of them fail within a 5 to 10 year period”
Open the episode · How To Build A Business That Runs Without You - Codie Sanchez - #1145Listen at 3:19
Most aspiring entrepreneurs should first work in a successful existing business
“most people should go work in somebody else's business that's really successful first”
Open the episode · How To Build A Business That Runs Without You - Codie Sanchez - #1145Listen at 3:31
Entrepreneurs are more likely to burn out than employees
“the likelihood of you burning out in your business is actually higher than an employee burning out of their business”
Open the episode · How To Build A Business That Runs Without You - Codie Sanchez - #1145Listen at 4:45
Almost anyone can acquire partial business ownership relatively quickly
“you can own part of a business for almost anybody pretty quickly”
Open the episode · How To Build A Business That Runs Without You - Codie Sanchez - #1145Listen at 4:55
A business need not depend on its founder to generate revenue
“the business is centered around you. You, and you are the most important part. And if you don't drive revenue, the business won't make revenue. And now that's not true at all.”
Open the episode · How To Build A Business That Runs Without You - Codie Sanchez - #1145Listen at 7:07
Employees may be more competent than their founders in some areas
“what if actually the people who work for you are more competent than you think”
Open the episode · How To Build A Business That Runs Without You - Codie Sanchez - #1145Listen at 8:35
Codie's survey of roughly 15,000 people identified common founder archetypes
“we've run about 15,000 people through a survey”
Open the episode · How To Build A Business That Runs Without You - Codie Sanchez - #1145Listen at 9:12
Founder skills alone do not build scalable businesses; systems and processes are required
“None of that is about you as a leader, as a builder of a real business, putting in systems and processes.”
Open the episode · How To Build A Business That Runs Without You - Codie Sanchez - #1145Listen at 10:43
Systems enable businesses to scale
“systems are the only thing that allow you to scale”
Open the episode · How To Build A Business That Runs Without You - Codie Sanchez - #1145Listen at 11:23
People should not start an AI services business without deep commitment to its problem set
“if not, you shouldn't start it”
Open the episode · How To Build A Business That Runs Without You - Codie Sanchez - #1145Listen at 12:13
A founder's revenue should not depend on the founder personally
“your revenue should have nothing to do with you”
Open the episode · How To Build A Business That Runs Without You - Codie Sanchez - #1145Listen at 12:44
Founder-driven revenue indicates self-employment rather than a scalable business
“the more that you are the driver of your revenue, the less you have a business, the more you have a highly paid job”
Open the episode · How To Build A Business That Runs Without You - Codie Sanchez - #1145Listen at 12:48
Effective incentives can direct almost any hire toward desired business outcomes
“if you are really good at incentives, you could hire just about anybody and point them in the right direction”
Open the episode · How To Build A Business That Runs Without You - Codie Sanchez - #1145Listen at 15:37
Founders should not assume employees share their motivations
“The biggest mistake you can make early on as a founder is thinking that everybody's like you.”
Open the episode · How To Build A Business That Runs Without You - Codie Sanchez - #1145Listen at 16:25
Money-only compensation can fail for employees motivated by freedom or balance
“if you put them on a comp plan that's only about money, you're going to lose and so are they”
Open the episode · How To Build A Business That Runs Without You - Codie Sanchez - #1145Listen at 17:23
Dependence on one core function makes a founder self-employed rather than an owner
“if you're self-employed, that means that either the fulfillment of the product, the sales of the product, or the distribution of the product falls entirely in your hands”
Open the episode · How To Build A Business That Runs Without You - Codie Sanchez - #1145Listen at 23:46
Daily visibility into key metrics helps founders transition into ownership
“the way for you to move from founder mode and self-employed to owner mode would be, what if you could see inside of your business the most important metrics every single day?”
Open the episode · How To Build A Business That Runs Without You - Codie Sanchez - #1145Listen at 24:31
Most businesses can be managed using two central metrics
“most businesses have 2 metrics that you can run your entire business on”
Open the episode · How To Build A Business That Runs Without You - Codie Sanchez - #1145Listen at 26:22
AI should not be allowed to run an entire business
“it would be a terrible idea to let AI run your entire business”
Open the episode · How To Build A Business That Runs Without You - Codie Sanchez - #1145Listen at 29:27
AI is currently less important than basic operations for most small businesses
“AI is not that important for most small businesses”
Open the episode · How To Build A Business That Runs Without You - Codie Sanchez - #1145Listen at 29:55
Faster lead response accounts for most small-business competitive advantage
“80% of the reason why you win versus somebody else is that you just respond faster or you come up quicker”
Open the episode · How To Build A Business That Runs Without You - Codie Sanchez - #1145Listen at 30:31
Reciprocity motivates people to return received benefits
“there is an innate human belief that if somebody gives us something, we've got to give them something in return”
Open the episode · How To Build A Business That Runs Without You - Codie Sanchez - #1145Listen at 34:17
Demonstrating capability is stronger than verbal claims in low-trust markets
“There is nothing you can say to me now with how the internet is and the lack of trust that exists that would be stronger than you showing me right now live”
Open the episode · How To Build A Business That Runs Without You - Codie Sanchez - #1145Listen at 34:45
Founders' first hires are usually poor performers
“your first hires are almost always going to suck”
Open the episode · How To Build A Business That Runs Without You - Codie Sanchez - #1145Listen at 38:19
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.