Are there too many baby boomer businesses up for grabs? Codie Sanchez thinks so.
With 60% of U.S. small businesses owned by baby boomers, she believes the real risk is that no one steps up to buy them.
For Codie, what began as a quiet side hustle at Goldman Sachs has grown into an extensive portfolio of small businesses—the kind private equity ignores but, as she insists, you should capitalize on.
In this episode of Change Order with Jason Shuman, she explains why:
• baby boomer businesses are ripe for acquisition,
• you don’t need an MBA for M&A, and
• it’s essential to “know yourself” and self-reflect.
Codie also discusses her new book, "Main Street Millionaire: How to Make Extraordinary Wealth Buying Ordinary Businesses," sharing insights from her time on Wall Street on strategic acquisitions and the importance of self-awareness in building long-term wealth.
ABOUT US:
Primary is the largest early-stage venture firm in the world, with over $1B in Assets Under Management, and notable investments under its belt include unicorns like Slice, Chief, Electric, and more.
With a dedicated team of Partners, Associates, and Advisors, Primary operates with one clear modus operandi: to allocate unreasonable resources toward building unfair advantages.
Follow us on LinkedIn:
(00:00) Trailer
(01:07) Welcome to Change Order
(02:31) The Decline of Business Ownership
(04:08) The Silver Tsunami and Wealth Transfer
(04:57) The Rise of Small Business Acquisitions
(07:31) Challenges and Opportunities in Business Ownership
(09:36) The Role of Private Equity and Finance
(30:47) The Future of Business Education
(42:41) Ownership Dynamics in Venture Capital
(43:24) Commitment and Board Seats
(44:07) Evaluating Founders and Operators
(46:19) Interview Techniques and Job Fit
(47:56) Work-Life Balance in Startups
(49:37) Geographic Considerations in Business Deals
(52:22) The Reality of Business Ownership
(54:52) Finding and Acquiring Businesses
(01:05:39) Time Management and Leadership
(01:12:12) Risk and Self-Doubt in Entrepreneurship
(01:17:12) Regulation and Common Sense Governance
Popular Podcasts
Bookmarked by Reese's Book Club
Welcome to Bookmarked by Reese’s Book Club — the podcast where great stories, bold women, and irresistible conversations collide! Hosted by award-winning journalist Danielle Robay, each week new episodes balance thoughtful literary insight with the fervor of buzzy book trends, pop culture and more. Bookmarked brings together celebrities, tastemakers, influencers and authors from Reese's Book Club and beyond to share stories that transcend the page. Pull up a chair. You’re not just listening — you’re part of the conversation.
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com