6 Businesses That Rarely Fail

WHAT BROUGHT ME TO YOUTUBE: I worked at Goldman Sachs, in Private Equity, and built up a $100M holding company. But after being in Wall Street for so long, I got tired of managing hundreds of millions for the rich. Investing was for the few not the many. F that. You all are the reason I do this. We as a society need to get rich together. My mission is to create 100,000 business owners, I hope you’re one.

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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.

[JasonHughes-eysu]

No one ever mentions funeral homes. They will never go out of business. It’s a constant flow of customers.

[eloyspencer]

As a past owner operator of a transportation company for over 10 years. Unless people have an established route and an extra 50k for maintenance, repairs, equipment, and compliance, it's a recipe for disaster. My insurance company told me the average trucking company lasts 9 months. When I finally got out of the business, I was about 70k in debt.

[paulvalliere]

I'm going to start a roaming laundry mat double bus that rents out the top with cots to a bunch of seniors who also pay for lower compartments for storage. The seniors can also stock my vending machines and run packages to doors as I drive around the city. Gonna cross all 6 of these off my list in one master plan

[cutenobi]

Having real estate can be different than having rental properties. And having rental properties can fail if it’s not managed right. I’m speaking from experience. I had a rental property and had to sell it because it wasn’t profitable. And it’s difficult finding the right tenants.

[curtistinemiller]

Laundromats , you got to have a good location...

[GJH]

When I think of senior care centers I think of liability and lawsuits. The others not so much.

[fearfulcat]

Be careful about acting like a senior care center is just some simple great way to make money. The number of senior care centers that are mismanaged slums where seniors are abused and neglected because the owners view them purely as a money making schemes instead of a socially responsible part of the longterm healthcare system is unconscionable.

[shuaseif]

I am a senior living owner/operator. 97% success rate is plain false. It's not remotely close to that.

[joyfulhomemaker]

Getting into storage businesses is unattainable now. Big corporations have flooded the industry. So frustrating

[MikesMoneyClass]

As a 16 year realtor I totally disagree about rental properties. I've seen them drive many into debt. Maintenance issues, non paying tenants, vandalism, etc. So overrated. They can be profitable, but they fail way more than people think

[TemiArinola]

The business built with passion, focus and consistency will be the business that rarely fails😉💫

[Elecia]

I have rental property, and if you have bad tenants, you won't be profitable. I will never do this again. My market is bad.

[lifeontheroad_]

There is a 100% caution if starting a transportation company. 90% fail within the first eight months. This business is NOT recession proof! Carriers are failing daily in this economy.

[drstevej]

Online business advice channels on social media rarely fail because no one does any research into the authors of these channels.

[bbbb-ewgb]

YouTube videos like this should require sourcing of statistics... these seem spurious at best... all of these are very capital intensive, and in many cases low margin due to OPEX

[andrewkellerhals]

I have to say, transportation is crashing. As a truck owner, I can speak on this directly

[Apixi]

Self storage. No wonder. The fees, the people stealing your stuff, what a racket

[SuperMortiki]

Rental properties are a HUGE risk. People squat and don't pay their rent and there is little you can do about it (especially in the winter months)

[marcrodet]

Transportation is hardly a good business. Lot of competition, razor thin margins, and can easily go bankrupt if gas prices go up. If transportation was that great, Amazon and others would not have outsourced it

[jshyoungblood]

Senior care as a profit making endeavor is a tedious road if you want to provide proper service.