
How To Buy a Business With Little to No Money (Acquisition, Search Funds & Rollups Explained) ft. Codie Sanchez
Tiger Sisters
Negotiation tactics and persona mirroring
Codie shares negotiation lines, mirroring, and how women can leverage communication strategies to win.
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What if the fastest way to become a CEO isn’t launching a startup, climbing the corporate ladder, or building a personal brand, but buying a business that already works?
In this episode of Tiger Sisters, Jean and Cherie break down Entrepreneurship Through Acquisition (ETA), also known as “M&A for Hot People,” and how people buy “boring” cash flow businesses that quietly create millionaires.
Tune in as we cover:
- Why “buy then build” can beat starting from zero
- Search funds explained, how they work, & who they are for
- The boring businesses that print cash and what to look for
- The biggest red flags, and who should not do this
Then special correspondent Codie Sanchez, the internet’s biggest advocate for buying boring businesses, joins Jean and Cherie for a big picture conversation about building financial freedom and how women can leverage their strengths to thrive as CEOs.
Whether you’re climbing the corporate ladder, an aspiring founder, a burnt out startup employee, or just curious about how wealth gets built outside of Silicon Valley & Wall Street, this episode will change how you think about ownership.
... because sometimes the hottest move is buying something boring 💅
Timestamps:
00:01:18 Our episode outline
00:01:55 Buying & then build the business
00:02:30 What is a search fund?
00:05:18 Jean’s experience with search funds
00:10:24 Factors to balance during acquisition
00:11:46 Stanford vs. Harvard search fund history
00:19:05 Who this is for and NOT for
00:19:57 Welcome Codie Sanchez
00:22:34 How to buy a business with $0
00:29:19 The risk for women in entrepreneurship
00:35:45 There is no last best deal
00:36:30 Learn on someone else’s dime
00:37:50 How women are losing as investors
00:44:09 Why women in business should wear makeup
00:48:20 Codie’s secret to negotiation
00:50:27 There are 3 types of men to negotiate with
00:55:54 Rollups and economies of scale
1:00:00 - Cherie’s traffic cone business anecdote
1:06:05 - Outro
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