28 Side Hustles/Passive Income Sources That Will Blow Your Mind Get ready for a rant on the ridiculousness of a single income stream. Sidenote: I almost got fired for telling employees this at one of my former firms. True story. Companies don’t want you to have multiple revenue streams because then they can’t own you. But if this recession has taught us anything, it is that relying on one income stream is dangerous. 1/3 of all employees were laid off, furloughed or fired during this last pandemic. One out of three people lost their ONLY income stream. I don’t like those odds. The answer – diversify. Just like you don’t put all your money in one stock (or I hope you don’t), maybe you shouldn’t put all your income in one basket? Don’t get me wrong, the big companies think it’s awesome! Be reliant on me completely, let me own your entire livelihood, let me control your retirement so you can never quit! Finance is the absolute worst about this, which to be fair, is because the government over-regulates and requires disclosure of all “outside business activities,” looking for conflicts of interest. As an employee this whole one paycheck deal is far from ideal. Having multiple revenue streams means you can work because that fire in your belly wants to and not only because you can’t survive otherwise. That’s a beautiful thing. So regardless of whether it is fair, or if we have systemic issues to resolve, we need to instead take ourselves out of victim mentality and say; WHAT CAN I DO ABOUT IT? Just for you Contrarians is a long list of ideas on how to make side income. Here’s the key, be humble. I’m a partner at a VC Firm and I still routinely mess around with other income streams: 1) Because it’s fun when you think about it like a game you are trying to win. 2) Because I don’t believe any work is below me. 3) Because I like learning. 4) Because then I teach things to my portfolio companies as opposed to just being a hat rack or a check. No doubt, I have gotten more selective as I make more money. However sometimes for fun I make a patch I want for myself and sell it on etsy, I write a guide to something I want to see people succeed at and I sell it using Gumroad, I do a newsletter and add affiliate links to it. Just like that, there are three additional revenue streams. None individually are huge, but together they represent thousands of dollars that I can donate or invest in my other businesses. One caveat – a lot of these other lists have things on there like dog-walking, uber driving etc, which are fine. But, while they make you money, they don’t make you smarter, they are the opposite of passive, and honestly, they don’t tickle my fancy. That’s why this list below is full of things I would actually do or have done. The moral of the story is be creative, be humble, have fun, and remember you are the master of your own fate. If you think like a business owner, there are innumerable ways for you to start your own business, or simply make money off of other peoples while also helping them earn more. I call this the three-sided win, they win with more sales, client wins with more services and you win with a cut of the deal. BTW – THIS LIST IS INSANE. The amount of money you can make using tech hacks is unbelievable. Get paid to write fantasy, get paid to create a cool notebook, get paid to talk about things. We live in the most incredible time despite all the news and noise telling us otherwise. Only you get to decide if you want to take advantage of it. With that… a list of more side hustles than any hustler would know what to do with. Make sure you email/DM/comment if you do any of these, I want to hear your stories!
Write a guide on a subject you are an expert in and sell it on Gumroad like mine: Get Hired, Get Hired In Cannabis. Gumroad is free and so idiot proof I did it myself! I donate to charity out of this and have made thousands and thousands from it.
Turn that guide into a book you sell on Amazon like I did here: ooh la la now I’m an “author.” This falls under the model of “create something once, and sell it over and over again.”
BUY A PROFITABLE BUSINESS. This one I’m obsessed with, buying a business with no money down using what’s called seller financing. This one is more complex sign up here if you want more on this.
Sell your services on Fiverr. I’ve used this site for graphic design, video editing, copywriting, virtual assistant, research and the list goes on.
Host a Virtual Summit. We do this at Arcview Group on cannabis investing and you can charge $100’s of dollars to get a group of humans to listen to whatever you know about. Real estate, comic book collecting, cannabis, cooking… literally google virtual events they are on every summit. My friend started his $10MM+ revenue company The Hustle/Trends with a conference where he made $50k the first event.
Start a Podcast. I am w/ Strike Fire Productions, producer of Green Entrepreneur. You can sell sponsorships, do affiliate deals w/ guests, sell your own product.
Create Your Own Journal. The amount of things you can do online is ASTOUNDING. You can create, upload, sell, package and ship a custom made journal on Blurb for nothing except a royalty on journals sold. They do all the work you collect the check.
Do a Course. Udemy or Coursera allow you to easily do your own course one of my favorite newsletters Side Hustle Nation created an online video course about how to launch non-fiction Kindle books on Amazon. It earned $3500 in the first couple months, and has gone on to earn passive sales ever since totally over $20,000. I’ve thought about doing them on a million items.
how to workout during quarantine & home gym
how to train for a spartan race
How to invest in cannabis
the fit persons guide to travel - health and nutrition for traveling
how to angel invest
fundraising during uncertainty - fundraising during every cycle
how to create the best startup pitch deck
venture capital and fundraising master class
negotiation to make more money
sales how to win at the sales game
You pick your area of expertise and package it.
Write Fantasy Short Stories. Using wattpad you can connect w/ 80 million readers and find ways to monetize your short stories.
Create a newsletter behind a fire wall. I subscribe to the Dispatch and a slew of other pay walled newsletter that are all on Substack. The Dispatch has tens of thousands subscribers at $10 a month aka if they only have 10k that equals $100k in revenue a month. Not bad eh?
Consult for others. Consult on a subject you are intrigued by a la GLG which has 700k+ experts. I did this for a while but given how busy I am I found it annoying that I had to “apply” for every job back in the day, so I stopped. But if you have the time, apply away.
Ask for a job. Everyone knows a business owner or two, or a wealthy person or two. Reach out to them and ask them if they have tasks they need done, problems they need solved, projects they don’t have time for, give them some ideas and have them create you a job.
Create affiliate content. I do affiliate deals on brands I love and for EEC and we make a commission on them. It’s hard to get scale here so you either need a targeted audience that will buy with larger dollar items or a big audience on some platform.
Get your own website. I prefer Squarespace, I think everyone should have a website in their name. Use it to do consulting services, speaking on your area of expertise, e-commerce, sell your finger paintings. Whatever. I have a step by step guide to creating a website in 24 hours here.
Drop ship company or E-commerce company. Getting a website setup w/ BigCommerce and or follow SumoMe’s step by step guide to starting an ecommerce company.
Sell Merch on Amazon. Amazon literally has a service called Merch by Amazon where you upload your designs and they do all the printing, packaging and shipping of whatever you design for clothing. They take a cut and you pay no upfront. Wild.
Get Paid to Travel. - TrustedHousesitters USA, House Sitters America, HouseCarers, Nomador, and MindMyHouse. All sites where you can live for free and often get paid to house sit. On particularly long days I fantasize about going to work on an organic farm in a European clime and get lodging for labor. Then I snap out of it.
Reach out to Your Favorite Small Businesses to be Sales Rep. If you’re obsessed with a t-shirt brand, your gym equipment, a candle company whatever is small enough to respond to you, reach out and ask if you can be an affiliate for them. Push sales to them in exchange for a cut.
Drop Shipping Business. Think of this like you playing the middleman. You setup an e-commerce site.
Have An Airbnb? I do, so I contract out services and get a commission on anything my renters do with my guests: if own a small Airbnb. These are things like yoga, cooking class, hiking, bar hopping, whiskey making, wine tasting, dinner suggestions. It’s a three-sided win. The renter says my code and get a discount, the small business makes a new sale and I get a cut. If I am not seeing any revenue from a place I cut it and try a new one. I make sure to tell the business proprietor that so they won’t cut me out of the deal.
Passive Investment Income. I use sites like Fundrise (online small dollar amount real estate investment platform), to invest and set up reoccurring revenue through monthly dividends.
Create an Affiliate program for your product or for another company’s and ask for a cut. Ambassador is by far my favorite program to use for affiliates and brand ambassadors who can take a cut on the product too.
Upsell The Places You Frequent. Every time I walk into a business I obsess about all the ways they are leaving money on the table. For example, our MMA gym literally just swipes your cc and gives you a membership and that’s it. If I was less lazy I’d go to my gym and say I’ll create a nutrition guide, a website and email campaign for new members linking product they need to start (gloves, wraps, shin pads), a 30 day workout plan, etc etc I’ll brand it all as the company and create a system for new members to get upsold on everything. You can either pay me a lump sum for it or I’m happy to do a revenue share on what sales we bring in. Win-win.
Pop-up events. Once this wild world gets back to normal I love the idea of pop-up events. My friend Alex does pop-up dance events using space at gyms and studios when not in use. She gets the space for free and splits whatever she makes. You could do this any in person event.
Sell On Instagram. Still hurts my heart that A Kardashian was the youngest female billionaire but don’t hate the player, hate the game right? In that vein – selling on instagram is so easy you have a veritable army of mom’s selling everything from essential oils to beauty products to yes even wireless services. Here’s my guide to how to slay the Instagram game.
Buy An Account, Sell Products Into It. This one blew my mind. My highschool age cousin Wyatt buys instagram accounts with tens of thousands of followers and then sells other peoples products to them. There are dozens of marketplaces that do this, you can buy an account with 14k followers for $350 or an account with 154k followers for $2k, then turn around and use affiliate links to sell products to them. Wild.
Buy and Online Business. On Flippa you can buy actual profitable businesses (supposedly I haven’t done it) and then take over the business for “passive” income or try to grow them.
Manage Others Social Media Businesses. I about lost my mind. One of our portfolio companies was paying $1,500 for a person to post 2-4 photos a month on their Instagram and manage the account. The photos were terrible and the account wasn’t growing. But I digress. $1500 for 4 photos. I’d put myself on Upwork and reach out to underperforming brands and offer that service. My friend Maria does this for local businesses in Chicago and crushes it.
Codie Sanchez Cannacurious? Here's our contrarians' guide to investing and getting a career into cannabis, or find out more information below: IG: @codiesanchez EEC: www.entourageeffectcapital.com CS: www.codiesanchez.com Contrarian Thinking is reader-supported. When you buy through links on our site, we may earn an affiliate commission or have an investment in that business.
This article is presented for informational purposes only, is an opinion, and is not intended to recommend any investment, and is not an offer to sell or the solicitation of an offer to purchase an interest in any current or future investment vehicle managed or sponsored by Entourage Effect Capital, LLC or its affiliates. Any such solicitation of an offer to purchase an interest will be made by a definitive private placement memorandum or other offering document.
Recession Over: V-Shaped Recovery Is Coming (Why and What to do About It?)
Jun 17, 2020
Note: My articles often contain links to companies I invest/have stake in, or am an affiliate for, meaning we get a commission at no cost to you. I never promote anything I haven't used, or invested in, but since my tagline is to question everything, good to start here! Please see my disclosure page for more.
DEPRESSION, RECOVERY, INFLATION... AND WHY YOU EVEN CARE? “Mark Twain said that there are three kinds of lies—“lies, damned lies, and statistics”
What a perfect way to start a conversation where I inundate you with numbers, predictions and my take on the economy. (Click on my goofy looking face above to see what I said on Yahoo Finance today on the same subject). Remember here – we question everything, including me. So, this week I have some big hairy non-consensus opinions for you on the economy amidst this rollercoaster that is 2020 AND more importantly, what to do about them. I find most economists and futurists are giant walking If/Then statements. Aka – let me try to say as much as humanely possible while telling you nothing. That’s not my cup of tea. Despite absolutely being worried about the long-term viability of unprecedented spending by the government, of social unrest and firmly believing that it will take YEARS for us to fully recover from this experiment of an economic lockdown, my thoughts on the economy are much rosier short term. Here’s the Skinny: #1 Stimulus: The Opposite of the Great Depression In the Great Depression the government was slow to respond, actually raising interest rates to curb speculation and didn’t put in stimulus for years. - Fast forward to 2020 – the US government has issued $3 trillion in stimulus between the varying bills (more to come IMHO). - The US Economy is about $20 trillion a year so that is a 15% kicker to GDP. - The Fed is also using trillions in monetary policy to support the economy and they say they will keep stimulus coming for years. - This isn’t baked in yet, with many companies holding cash, $4.7 Trillion on the sidelines and much of the stimulus not fully extended. 2) V-Shaped Recovery Coming - This massive stimulus, paired with the opening up of the economy will lead to a V-shaped recovery, First Trust’s Wesbury says, “The recession that started in March is the sharpest downturn since the Great Depression. As it turns out, it was also the shortest.” I tend to agree. - Where I differ is I am not saying the stock market is at fair value, it still looks expensive to me vs the opportunities in the private market where businesses have been eviscerated. - Most recent employment report showed non-farm payrolls (most common way to track employment) was up to 2.5MM. That’s still 13.3% but a major drop from almost 20%. Anecdotally, I was in ski town this weekend in Crested Butte speaking to small business owners who told me they would have hired back more people, they are stretched extremely thin but can’t get workers to come back who are taking unemployment. So my suspicion is that number would be higher without stimulus checks. - Initial jobless claims fell for the 9th consecutive week and haven’t retouched the peak since May 9th. - Tax receipts are up -11.8% week over week. Basically, signaling that workers are earning more and that the economy is turning. 3) Hyperinflation: Not Going to Happen in Short Term Hyperinflation – or what happened in Venezuela, Cuba, North Korea, Iran, Argentina (notice a communist/socialist/govt controlled trend here?), is when inflation is typically higher than 50% a month. You buy a soda for $1 one month, then $1.50 the next, then $2.25 the next. Nothing kills an economy faster. However, we are nowhere near inflation in general, more or less hyperinflation. They say, how do you know an economist has a sense of humor… they use decimal points. All to say – long term trends who knows, short term here are my thoughts.
Inflation will stay in check. Commodity prices at all-time lows and decreased consumption demands will keep inflation at bay.Inflation is often correlated to high employment, not the case today unfortunately.Too much supply or velocity of currency – (aka bankers throwing around money like confetti circa 2007-2008), none of that is happening now.Friedman talks about the M2 measure of money… which is how much money is going into the system and being spent, it’s up 86%. That’s a lot. Unprecedented. So, something to watch but give complete pause on spending not hyperinflation triggering.
What to do about it? How to take advantage?
2008 was a housing crisis, this is a small business crisis. NOW is the time to try to buy into small businesses, to align with boomers looking to retire and to leverage the 2.5M small businesses that are up for sale or transition in the US. I'm going to put out some content on how to do that. Diversify your income streams. Expect more protests, more corona-virus related issues, more uncertainty. That will mean some businesses don’t survive and have more disruption in them. It’s time for a side hustle, or to a buy in to varying other business opportunities. Next week I'll have a post on 28 ways to do just that. For instance did you know you can make a guide in 5 minutes on Gumroad upload and sell it, they handle everything? You can do the same with Blurb for journals, the same w/ Amazon for t-shirts. You upload e-design they do EVERYTHING else. Wait until you see this list. I created a get into cannabis guide using this, I'm going to do a journal as well. Expect more uncertainty. Invest in companies that are focused on essentials and can handle more shutdowns and shocks to business(aka essential services a la cannabis). I read a great quote saying, “Feed the masses and live like the classes.” Non-politically correctness aside – great investment advice.
The moral of this here story, the world is much better than the news wants us to believe. Now is our chance to capitalize on it. Just one contrarian’s view. Codie Cannacurious? Here's our contrarians' guide to investing and getting a career into cannabis, or find out more information below: IG: @codiesanchez EEC: www.entourageeffectcapital.com CS: www.codiesanchez.com
This article is presented for informational purposes only, is an opinion, and is not intended to recommend any investment, and is not an offer to sell or the solicitation of an offer to purchase an interest in any current or future investment vehicle managed or sponsored by Entourage Effect Capital, LLC or its affiliates. Any such solicitation of an offer to purchase an interest will be made by a definitive private placement memorandum or other offering document.
Knowing What To Ignore
Jun 10, 2020
How do you win a Nobel prize? Know what to ignore.
Knowing what to ignore…
If this topic isn’t more relevant today than ever, I’ll eat my weight in edibles. Which for the record, would not be fun for anyone, namely me.
But here is the truth, the last 6-12 months may have been some of the most distracting in our lifetimes. First, we had a contentious democratic primary race (that felt like reality tv it was so delicious to watch), then a global pandemic replete with a daily death count (ain’t that fun), then a recession (arguably the worst ever in US history), then massive unemployment (definitely the worst in history), then protests (across almost every city), riots and social unrest… the list goes on. 2020 is a real piece of work.
So it may come as no surprise that productivity in the US since COVID-19 has dropped by 7.2%. People’s first reaction is typically… oh that’s because we are working remote and people are not working as much. Oh contraire.
We Americans are working an extra three hours per day, aka 11-hour days.
So, we Americans are working more than ever, but we are achieving less and less.
Question: Have you found yourself pulled down a rabbit hole of social media clickbait? News onslaught? Legitimate outrage on all sides of the equation? Way more caffeine addicted than usual (this graph below pretty much shows my daily cycle)?
I certainly have.
I find a horrid delight in lambasting the ridiculous hypocrisy I see in the news today. The absolute lack of a competition of ideas. The belief that if I do not share your opinion exactly with the exact same verbiage, I am a monster. That free speech is great, but we cannot let people tell lies. Small/little issue, who decides what are lies? The thought police.. oh Russia/Fascism; I’ve seen this movie before.
And just like that, there I go again, getting all worked up at the fact that America seems to be losing its damn mind. Which I pray leads to progress???
Case in point, my social media usage is up 25%. There has been many a dinner table conversations where we have had to actively say we will NOT talk about COVID, injustice, protests, the economy or politicians any longer because my heart rate and blood pressure simply can’t take it.
You see, the world is pulling at our attention like a giant game of tug of war, and let me tell you, our goals are not winning.
There is a saying, focus on what you can control… and ignore all the rest.
That saying however, must have been written by some human pre near constant deluge of information in the social media age.
So fellow contrarians, lest we let others control our lives, our thoughts, our goals for this year; we need to make some internal changes. I’m sharing what I’m doing to push back on others being the master of my fate.
I pulled together my top staying focused tools and tricks from Peter Thiel, Tim Ferris, Bezos, Musk and Gates (a bunch of slackers) into one list that I promise I’m going to use about 60% of the time, every time.
You with me?
If you find others – give me a holler on LinkedIn or Instagram. Just please for the love of my heart health don’t send me news articles on this world today.
How to stay focused:
Quirky - Handstands in the morning - New fun routine for Codie… handstands against a wall each morning to get the blood flowing. Lest you think I am a moron, here are five reasons to do handstands that might surprise you.
No early AM Email - No email for at least 1 hour before you have to be at a computer screen. E-mail is the creativity killer.
No calls before 10am - This has been a god send as research suggests mornings are the most creative peaks for our brain.
Best Self Journal - I write down my top 3 to-do’s for the day daily, Tim Ferriss likes the 5 Minute Journal – I find it too fluffy but that’s me.
Follow Discomfort - From Tim Ferriss, “When in doubt, the most important to-do is typically the one that makes you the most uncomfortable, often including a chance of rejection, pain or failure.”
Meeting Exit Plan - If a meeting isn’t valuable to you, exit it (Musk). Since I’m a wuss, I prepare a script in the advent that it isn’t worthwhile i.e. I may have to jump after 10-15minutes but so wanted to make sure we connected. That gets people right to the point.
Turn on Social Media blockers - On your iPhone you can limit the amount of time you spend on apps, I just set mine to 15 minutes a day. Just enough time to get amped without my goals being eviscerated.
Get Smarter At Meetings – I wrote a whole piece on being more selective on meetings you take, cutting them shorter, delegating them. Then when I fall off the proverbial wagon I go back and re-look at them.
Moral of the story, will you let the noise of the day control what you accomplish? Will you be as a paper bag buffeted this way and that by the wind? Or will you do the hard work to steer your own course.
Our world today more than ever needs achievers who strive to make the world a better place, instead of steal eyeballs to screens talking endlessly about their opinions.
With that… off to do.
Question everything,
Codie
The Power of Money
Jun 10, 2020
Note: My articles often contain links to companies I invest/have stake in, or am an affiliate for, meaning we get a commission at no cost to you. I never promote anything I haven't used, or invested in, but since my tagline is to question everything, good to start here! Please see my disclosure page for more.
While the world is focused on money lost, here's how to win $
Money is the devil they say...
I've been thinking a lot lately about our green currency. After all, who hasn't been following the massive unemployment numbers? The evisceration in sales across nearly every industry? The words depression... recession... downturn... playing on the tv like a depressing robotized rap song. Sidenote: if you haven't listened to UK drill rap, it's a thing, and it's kind of fantastic.
So as I thought about Benjamins, I got myself all worked up over the nomenclature people use these days to talk about money. The interwebs are littered with quotes like the below:
“Time is more valuable than money." - Jim Rohn
“It doesn’t matter about money; having it, not having it. Or having clothes, or not having them. You’re still left alone with yourself in the end.” - Billy Idol
“Money is like muck—not good unless it be spread.” - Francis Bacon
So directionally I understand where these gents are going. They have wealth and they've reached a tipping point where more of it is really not impactful on their life. I begrudge them their success not at all. BUT in this world we live in today money is a necessity, not a nicety. Too often we diminish the importance of it, we make people feel dirty for the want of it and guilty for the "privilege" of having it. We lambast those billionaires who have accumulated it, those millionaires who drive too nice of cars and separate the elite from the rest.
All that really does is keep the separation growing, instead we should be teaching others how to accumulate it. Money is not a constrained resource, at least not if we continue in a capitalistic society. You can earn AS MUCH as you earn. The unfair advantage comes from knowing how to earn. So today I thought I'd share a few tools that have helped me accumulate. These are nuggets, seeds to be planted... but you know what happens to seeds? They grow into forests.
So while the world is focused on the money we've lost, and the haves vs the have nots, let's plant seeds. They'll come out of this with nothing but vitriol and we, we will have green trees my friends.
How to Buy A Business w/ Future Revenues - This podcast is the best example to date of the thing that seems HUGE to most of us, buying a business. The truth is that these mom and pop businesses are not just for the uber-wealthy to buy, in fact the structure lends itself to small people like me and you. Listen to this podcast, let me know if you want to know more. I find this fascinating!!! 7 million boomers retiring and ready to sell their businesses.
Side Hustle Nation - My favorite site for layering on side businesses and revenue streams w/ 100's of ways to get additional revenue.
Next Money Inflow:
THE NUMBER 1 THING I RECOMMEND EVERYONE TO DO - Have your own website. Mine is in my name, yours can be whatever you want, but in this age websites become increasingly like business cards. You can set one up in 1 hour for $20 on squarespace and $4 monthly hosting. I have an entire post on how to do this because I think it is so critical.
Fundera - A site that helps you access as many small business financing options as possible. They also help with PPP and SBA loans right now so it's timely. It's worth at least filling out your applications here if you haven't and qualify.
Trends.co - My friend Sam Parr started the Hustle (now $2MM subscribers generating more than $10MM in revenue from a newsletter). He started a new business called Trends.co that hits on the Trends no one is talking about, I immediately signed up. Sam is brilliant.
The truth is money is just a tool or dare I say, a weapon.
The question becomes do you want to hold the weapon... Or let someone else?
Happy Questioning,
Codie Sanchez
Cannacurious? Want to get into the game... here's our contrarians guide
This article is presented for informational purposes only, is an opinion, and is not intended to recommend any investment, and is not an offer to sell or the solicitation of an offer to purchase an interest in any current or future investment vehicle managed or sponsored by Entourage Effect Capital, LLC or its affiliates. Any such solicitation of an offer to purchase an interest will be made by a definitive private placement memorandum or other offering document.
The Platform Effect
Jun 10, 2020
Note: My articles often contain links to companies I invest/have stake in, or am an affiliate for, meaning we get a commission at no cost to you. I never promote anything I haven't used, or invested in, but since my tagline is to question everything, good to start here! Please see my disclosure page for more.
The Platform Effect
Here's What You Can Do To Leverage This Trend
I got a bud named Joe.
When my fiancée and I had our very first weekend together in our then long-distance relationship, it came with an unexpected surprise; a burly, bearded ex-marine turned Alaskan bush pilot named Joe. He was in town, needed a place to crash and my gent being the military man he is, is quite used to roommates. So, there we were; me, him… and Joe. Romantic eh?
Fast forward three years and quarantine comes along while none other than our favorite third wheel is in town. Thus, of course, he has been with us now for a few months.
Joe has become our de facto shared best bud, whom we love to whiteboard with, have patch competitions with, and build businesses together. But I digress, this isn’t an ode to Joe, it’s an ode to the ideas coined inside our little California bungalow. Because you see we all would have wine and diatribe about some of these very events happening, BUT we made the classic human mistake. We SPOKE A LOT and WE DID NOTHING. You see all of us humans have ideas, but we get scared to put them out into the world because being wrong sucks. But turns out inside our little bungalow we saw some trends a coming. Namely one in particular. The Rise of the Platform. And so now, I share with you some of the biggest trends shaking up worlds I care about… and I ask you what do you think? And even more… what are you going to do about it?
Overarching theme: Platforms are eating the world.
Andreessen Horowitz famously engineered the line, “Software is Eating the World,” as the thesis to their multi-billion venture capital fund. I think they were right then but they are wrong now. These days those noshing on the world are not software so broadly… but platforms specifically. Platforms are the ones gobbling up industries whether unrelated or parallel (aka Whole Foods to Amazon), gobbling up content producers (aka Disney & Star Wars) and increasing gobbling up our consumer dollars (US Consumers spend 3% of all US consumer spending w/ FAANG). Just think about the companies you frequent:
A fun statistic - Bezo's himself is worth enough where he could buy Viacom, Ferrari, The NFL, Top THREE European Sports teams and have $7-8B left over for fun.
The problem with this is increasing concentration as the big get bigger and the small go to the scrap heap. Be wary how you spend and where you position your company. Here are two examples I've been obsessing over, more in the newsletter if you want to subscribe click the link in the comments below:
Content Is King – Joe Rogan’s $100MM Spotify Deal
Now this may seem like old news. But Joe said something that made me pause. He said, “Joe Rogan is the Howard Stern of the podcast generation.” You see Stern is largely attributed as being THE launch of Satellite Radio as said verbatim by its founder. He catapulted radio into the web age. Now Rogan is doing the same for monetization of podcasts. Spotify just set the firing round off against Apple in the war for the podcast platform of the future.
How to take advantage:
If you don’t have a podcast WTF are you doing with your life? I say that with tongue firmly in cheek because I no longer have one, but I’m planning on it. I just need to figure out my niche. I’m going to use StartFire to produce mine… but wtf am I going to babble on about? Any thoughts? Email me what you think I give that others don’t?
Paywalled podcasts – If I had to pay for my top 5-10 podcasts a $4-5 a month fee, I’d do it in a heartbeat. News is already happening. Podcasts next?
Alcohol & Cannabis Collide - Drizly
If you haven’t heard of Drizly, it is the largest alcohol distribution company in the US and Canada with 100+ markets, the largest selection of beer, wine and spirits all delivered to your door. Here’s the kicker, last week they sneakily took on their very first cannabis company. They will begin distributing in Boston and I imagine have a nationwide rollout.
How to play it:
If you have a cannabis company get them on that platform.
If you haven’t listened to my near-constant screeching, think about a cannabis allocation to your investments.
The Big Four – Facebook, Netflix, Google, Amazon
Scott Galloway has a very aggressive take on the four biggest platforms out there. If you haven’t seen his talks or read his piece post Corona virus, step to it. The gist of it is – they are way too big, control way too much, continue to dominate and monopolize small companies and we let them do it.
How to play it:
I have no idea. Stage an Amazon coupe? But just don’t try to blackmail Bezos w/ nudes because he gives zero f’s about that.
My New Favorite Trend Spotter
Many years ago, I got introduced to The Hustle by a friend Noah Kagan of OKDork. I was obsessed with their copy writing so I found out that their founder, Sam Parr, was a fan of butterfingers and sent him an enormous box of those candies (made out of what exactly??). I interviewed him and we’ve stayed in touch. Now he’s out with a new newsletter called Trends.co that I subscribe to that highlights emerging signals and trends so you can capitalize on them. Thanks Sam. Use this link to get $100 off your subscription.
Here’s a snippet of fun facts from them:
Skincare chemicals like hyaluronic acid, L-cartinine, niacinamide, and tretonin have 165,000-750,000 searches every single month
Airpods generate more revenue than Twitter, Spotify, and Shopify?
Over 4k people have "Everested", without ever having set foot in Nepal
This article is presented for informational purposes only, is an opinion, and is not intended to recommend any investment, and is not an offer to sell or the solicitation of an offer to purchase an interest in any current or future investment vehicle managed or sponsored by Entourage Effect Capital, LLC or its affiliates. Any such solicitation of an offer to purchase an interest will be made by a definitive private placement memorandum or other offering document.
15 Tools to Save Your Startup
May 05, 2020
Note: My articles often contain links to companies I invest/have stake in, or am an affiliate for, meaning we get a commission at no cost to you. I never promote anything I haven't used, or invested in, but since my tagline is to question everything, good to start here! Please see my disclosure page for more.
A Cannabis Companies Tool Kit
If there is an industry that has more dichotomy wrapped around it, haven’t seen it yet. On one hand you have a generational wealth creation opportunity, massive pent up demand, a plant with thousands of use cases, an industry on the brink of breakout that is ripe for entrepreneurship and investment. Yet, on the other hand you have massive constantly changing regulation, burdensome tax regimes, restricted sales and marketing channels, no institutional capital, no easy banking solutions, a global pandemic, and oh by the way sometimes it’s legal, sometimes it’s not.
The cannabis industry is not for the faint of heart.
So, I salute entrepreneurs everywhere who saddle up to battle this dragon of an industry. In the vein we at Entourage Effect Capital, went out to our portfolio companies, industry contacts and entrepreneurs and said what are you biggest pain points? What tools are you missing? Then we compiled resources to help all of you brave enough to fight the good fight. The resources fall into these groups:
1. Financial Tools
2. Marketing Tools
3. Operations Tools
4. Fundraising Tools
5. Hiring Tools
I hope this serves you, we know it is hard out there but the impact at the end of your journey, well those are worth all the late nights and coffee fueled days. Aren’t they?
For as one grows, we all grow.
FINANCES
1.) CBD Credit Card Processing - Nuvo
What a world. We have hemp and CBD supposedly federally legal AND YET companies who are selling services in this space get kicked off of credit card platforms left and right. While that might sound minimal it can mean profits locked up, missed sales, time spent all because promises from a service provider are not kept. So, we partnered with Nuvo to be a go to support in the industry as they process CC’s for CBD and Hemp knowingly and carefully.
As a guideline (although obviously rates get better the more you process), Square charges CBD sellers 3.90% plus 10 cents per transaction for in-person tap, swipe, and dip payments. Online payments will cost 4.20% plus 30 cents per transaction, Visa/MC/Discover/AMEX, will typically cost a merchant between 3.25% and 3.90% as an all in effective rate for eCommerce which is lower than Square (but they are finicky on CBD).
Nuvo's rates coming in at 3% to 3.6% look sizably more attractive.
NUVO CREDIT CARD PROCESSING CBD/HEMP:
Just for EEC friends offer: Companies get first 5% off their rate and expedited onboarding
We know you cannabis companies do not have unlimited capital, in fact you have massive capital constraints due to tax burdens and payment terms. And yet, you need marketing, you need pitchdecks to raise capital, and nothing will kill you faster than a bad first impression. So here are two resources in that vein to help you on the cheap
I use Fivrr all the time for projects that I'm not skilled at (aka design, pitch decks, graphic, data aggregation) for a couple $ they make me $. It’s the most cost-effective tool I’ve used, just click the link and search pitchdeck for instance. You can get a gorgeous deck done for $100-$200. I’ve used them for pitchdecks, website graphics, business cards etc etc.
I use SEMRush to do competitor research on varying websites for our startups, to maximize our SEO (especially important since paid marketing online doesn’t work) and for leveraging organic traffic as well. At $99 a month it’s made us at least 10x.
In an industry that traces illegality having a PR agent is basically a must. You need to be able to craft your own message and shout it from the rooftops ESPECIALLY as you can’t do online paid advertising in cannabis. We use KCSA but I also adore Rachel Mattio and think her team is killer, so you have two great options. The amount of press we’ve received at their best is pretty astounding.
I am OBSESSED with this group. One of my friends Sam Parr from The Hustle (an online newsletter for Silicon Valley insiders) used this program to scale up his newsletter to first 300k super fans but now millions. Last I checked it was 3.6MM+. His copy writing is second to none and this program they used through Ambassador was dare I say, genius. I keep pushing more of our companies to use this tool.
Honestly I debated putting this one on here I know I will get lambasted by sophisticates who have a tech stack higher than the Eiffel Tower including silicon valley darlings like slack, BaseCamp, Dropbox etc etc. BUT, the truth is for startups and growing businesses all those costs add up, you have to know how to integrate them and there is a business learning curve. We use Microsoft 365 and while I fought it tooth and nail (especially outlook) I have come to swallow my words. The teams app is slack, outlook is mail, onenote is evernote, one drive is dropbox, planner is asana, and the list goes on depending on how many of their apps on the platform you want to use.
The BEST part is it’s $5-20 a month per user for all of them. I’m all about pinching pennies early in startups. Click here to check it out.
Nothing brings in more investors to us then smart content and email campaigns, if I could shout this from the rooftops I would. I’ve used Mailchimp for years now but personally on my blog and newsletter (you can signup here if you’d like) or for our EEC newsletter here. If you don’t have an email tool I like this one the best by far. Both for its ease of use, beautiful templated campaigns but also for the ability to manipulate our email marketing campaigns.
If you’re tired of asking your mom, dude, chicka, bud, to edit all the content, newsletters, investor updates you do, use Hemingway. It’s free and acts like a smart high school teacher peering over your shoulder.
If you are pre-revenue, early, or need smaller check sizes look at an angel investor network like The Arcview Group. Angels can be patient capital without a timeline for a fund or a target return period. Funds are a lot of work to get on board and usually not the right first money in the door. Arcview can help you with your pitch and getting in front of the right eyeballs.
10.) Cannabis Investing Funds
That said, if you are ready for a fund investment here is a listing of those who put capital to work in cannabis. My suggestion would be check out their investment parameters before you blindly reach out and be aware of how much capital they have to deploy; it will vary wildly. List: Arcview Group, Artemis, Altitude, Arkadian, Beehouse, Big Rock, Canopy Rivers, Merida Capital, Navy Capital, Greenfield, Panther Capital, Poseidon, Stable Road, Salveo Capital, Tuatara… I’m sure I’m missing others such as VC arms of some of the major MSO’s. But a quick google search will show you who puts money to work in this space. The sad but true fact is that none of these funds are giant and the amount of capital to put to work is not giant so
One of the best tools for finding investors today is LinkedIn, that said, too many people use it poorly. My best advice is to NEVER use a bot, and to consider a high degree of stalking before you reach out to investors. Cold outreaches never work. If you want to learn how to super charge this take this super cheap class on LinkedIn Udemy, everyone has more downtime these days - take advantage and uplevel your skill set.
If you don’t already have your term sheet and fundraising docs (and you are early stage) you might as well pilfer from one of the best. Y Combinator – they have a list of all the docs they recommend using, essentially giving you the keys to the castle. This gives you something to go out with and then your lead investor can manipulate and may come back with something different.
This is hands down my favorite book on hiring and onboarding new team members. It’s crucial to get this right and no one is better at it (or more notorious at their practices) than google is, Lazlo wrote those rules.
Hiring in cannabis is incredibly difficult, you have many who don’t want to take the risk on the new industry, you have extensive background check requirements and you have to find them. We created a job board to help our portfolio companies find new employees. Think about doing the same and asking your investors to post them.
This blog is from Matrix Partners, and his posts are some of the most technical, in-depth pieces on tactics important to startups. They’re not quick reads but they offer valuable insights usually not shared.
WRAP IT UP
That’s a wrap, the list could certainly go on so comment your other favorites for me to add to the list next time and email us www.entourageeffectcapital.com for the areas of pain we missed so we can keep helping to shoulder the load.
Now go cause a ruckus.
Happy Questioning,
Codie Sanchez
Cannacurious? Want to get into the game... here's our contrarians guide or go to my blog for more on cannabis, capital, contrarians and sparking your curiosity.
This article is presented for informational purposes only, is an opinion, and is not intended to recommend any investment, and is not an offer to sell or the solicitation of an offer to purchase an interest in any current or future investment vehicle managed or sponsored by Entourage Effect Capital, LLC or its affiliates. Any such solicitation of an offer to purchase an interest will be made by a definitive private placement memorandum or other offering document.
I Was A Journalist, That Used to Mean Something
Apr 28, 2020
Note: My articles often contain links to companies I invest/have stake in, or am an affiliate for, meaning we get a commission at no cost to you. I never promote anything I haven't used, or invested in, but since my tagline is to question everything, good to start here! Please see my disclosure page for more.
I Used To Pry Out Stories For A Living...
A side tangent on journalism today & why during this time of hypothetical pause it's worth asking - what stories are you telling yourself AND which ones are you listening to. (This is from my weekly Contrarian Thinking Blog Series - signup here.)
You see, that’s what we journalists do, we pry truths from souls with a promise to give their stories life. Or at least that’s what we used to do. We journalists, not commentators, not tweeters.
So, I used to be a Journalist. With a capital J.
I wrote about human trafficking, drug smuggling, and the worst type of violence against humanity you can find along our US/Mexico border. I saw bodies dangling, autopsies performed and dreams shattered.
It changed me. It carved its memories into my skin as sure as a knife.
Writing my senior thesis from a little shanty I borrowed from an incredible nonprofit called Rancho Feliz in Agua Prieta Mexico, I would travel back and forth from the maquiladoras (a type of factory where a majority of immigrant women worked), to towns like Juarez (also known as La Ciudad de Muerte). Each trip my heart broke a little more. Each trip I struggled to see the human in humanity. All against the vibrant, contagious melodic backdrop I’ve come to love called, Mexico.
I remember vividly crossing the border in Juarez from El Paso for the first time. I did it on foot. If you’ve walked those steps, you’ll never forget them. Over the Rio Grande you go from a land of industry, little violence and prosperity, to the most dangerous city in Mexico. Just a few weeks prior to my time there a Sinaloan cartel leader was broken out of a maximum-security prison when his gang bore down with Apache helicopters holding anti-tank missiles and decimated the police force.
The meek do not inherit the earth in Mexico.
Escaping the barbed wire and steel border fences to couldn’t help but gaze upon a towering wooden cross in the middle of the Juarez road. I can still see it. The wood was all but covered in photos, pink ribbons and momentos from the thousands of “las desaparecidas”. The disappeared. These were the women of Juarez who had been murdered, brutalized and often raped all along the Mexican border.
Every day the newspaper would tell of unnamed women, or more likely a foot, a hand a leg or two, found scattered in the desert.
The daily tally of appendages was almost as common as quoting the stock market.
Warm tears slide down my face the first I saw that Juarez cross. You can’t look at a visual representation of death come to soon on a cross 10-12 feet high, littered with tokens left by devastated mothers, and not cry. To escape it I walked the streets a bit in search of air. Yet scattered throughout the city were a million other reminders. Posters of young women put up by tormented families who had sent their girls north for a better life, only to be greeted by the afterlife. Another street showed unmarked graves, another brothels, another clubs for tourists.
I felt a supreme sense of the brutal but true realization that life is simply not fair.
After all my name is Sanchez. I’m a young(ish) Hispanic woman, with long brown hair and brown eyes that went into the workforce for a better future. My face would have fit in on that cross. Yet, what is different about the life I have been gifted and those who share my name but have been given something different altogether? Why me?
The only solution I could come up with was that I am lucky. I won the birth lottery. No deserving or earning being born into a middle-class family in the US. I just got it.
In a way everything I have done in my career has been touched by the shadow of that cross and those faces upon it.
It's why I went into finance instead of journalism. After all awareness is great, but money is what pulls people out of poverty and into safety. It’s why we lock our doors, talk about financial security, fight for new jobs, and move to the suburbs.
Money is why I built my first business in Latin America, it’s why we hired almost exclusively women and minorities in the white male dominated world of finance. Business and capitalism is an opportunity to give a hand up, not a hand out. To employ those who could change future generations. And ultimately, it’s why I came to cannabis.
Those humans who brutalize women get away with it with the resources acquired through illegal activities. They traffic in things our government chooses to ignore.
I was reminded of all those walking through the streets in Mexico City during the Women’s March against violence this spring. Thousands of women marched in solidarity with those who had been murdered so carelessly their killers walked free with impunity while their mothers never were free again. In Spanish they call protests Manifestacion, which is just close enough to manifestation is English to make me smile at the idea of those who do wrong manifesting those who demand right. The protestors marched and graffitied and shouted because what other recourse did they have when feminicide was rising year over year?
Someone the other day said to me that this industry of ours, cannabis, isn’t an impact investment. They said it’s a vice. I’d say in response, what greater impact can there be?
Predators play and prosper in the dark. It’s only by shining a light, that we can see them.
It’s only by acknowledging that enough demand means supply will be given one way or another. That to regulate means to shine a light, to bring people in from the dark. That we created a war against a plant that is more a medicine than a vice. That we can maybe, just maybe, make the hope of, “Ni Una Menos” (Not One More), become a truth.
It’s not the only change we need but it’s a step. I’d like to live in a world where no more pink ribbons are added to that cross, where no one with cancer has to worry about the law for their medicine, where anxiety is managed not with pills but with plants, AND THAT is an impact worth fighting for.
Question everything. After all entrepreneurs, founders, doers are the only ones who... sacrifice your now for a vision only you can see. (My toolkit here for entrepreneurs who want hockey stick growth).
Some of the articles I think are worth seeing today:
Another US Wide Housing Slump Is Coming - From a friend Danielle DiMartino Booth (former advisor to the President of the Dallas Fed), I'm not sure I agree with her but it's worth a ponder.
Market Correction Is Coming - From another friend Kathryn Rooney Vera. Tend to agree with her points: This rally was unsustainable. Expect a renewed correction because of 1) magnitude of economic collapse 2) earnings + pending defaults 3) possible second viral bout/Medical Uncertainty. Futures point to drop of about 300pts.
CARES ACT Rant - From another economist friend Strider Elass. 100% agree with his points here. 1. A little CARES Act rant. There are 30 million small businesses in the US. The first $349 billion Paycheck Protection Program has run out of money. Only 1.66 million small businesses received money. That means 94.5% of small businesses did not get a loan....
I hope you are taking this time to "see" more clearly.
Happy Questioning,
Codie Sanchez
Cannacurious? Want to get into the game... here's our contrarians guide or go to my blog for more on cannabis, capital, contrarians and sparking your curiosity.
This article is presented for informational purposes only, is an opinion, and is not intended to recommend any investment, and is not an offer to sell or the solicitation of an offer to purchase an interest in any current or future investment vehicle managed or sponsored by Entourage Effect Capital, LLC or its affiliates. Any such solicitation of an offer to purchase an interest will be made by a definitive private placement memorandum or other offering document.
So You Want to Get Into Cannabis?
Mar 20, 2020
Note: My articles often contain links to companies I invest/have stake in, or am an affiliate for, meaning we get a commission at no cost to you. I never promote anything I haven't used, or invested in, but since my tagline is to question everything, good to start here! Please see my disclosure page for more.
I HATE not being able to answer all your questions on how to get into cannabis. So I wrote a a guide for all of you who want to invest, get a job, a board seat, start a company, selling services into or otherwise get in the cannabis game.
The truth is we need the top talent in our industry, as a venture/private equity fund our portfolio companies are ALWAYS hiring --> here is our jobs board that aggregates all their opportunities.
But there is something missing here because so many of you want opportunities, and yet so many of our companies can't fill their jobs fast enough. Where is the disconnect?
This is my attempt to connect all of you with the opportunities in cannabis w/ 3 steps I would take to get smart, get exposure and learn about this industry at light speed.
Let's start here: We have a belief at EEC that we are amidst a generational wealth creation event in cannabis. That especially as valuations are depressed and institutional players have hurdles to entry there is opportunity for the strategic minded.
Given all the below:
It seems like we aren't the only ones.
At EEC we get thousands of pitchdecks a year from entrepreneurs breaking into the space, we meet with hundreds of investors a year looking to invest, and we engage with just as many service providers looking to be the picks and shovels of this new industry.
And yet if I get asked one more question more than others it is, how do I get into cannabis? Why?
CANNABIS IS BOOMING:
They call this... “America’s hidden job boom.”
You are paid more – 11% higher mean salary than average broad-based industry
Opportunities are growing – 44,000 jobs created in 2019 – 35% increase YOY (In a major downturn of a market FYI)
All this growth means services, jobs, and opportunities will flourish.
THE PROBLEM
Most people go after opportunities the traditional way, which DOESN’T work.
They want to get paid, get rich, and get noticed, but they do it wildly inefficiently. If you want to be in a certain industry: you interview at companies that are related, you major in a related field at college or university, you talk to people about how to get into the industry, or you go get specialized degrees that cost you thousands (aka our giant college debt problem in the US).
Let me show you why you are working much harder than you need to. If you want more than just a job, and you want to be an executive, consultant, or advisor, make sure to read this entire report until then end and go to our jobs board. This is where I’ll tell you how instead of going after jobs; you can make the jobs/opportunities come to you. How do you do that? You become an expert in your space.
You get paid to be an expert. This is not a get rich quick idea, this is you leveraging your unique skill and passion to a profitable and sustainable end. Think you don't have what it takes? In this section I give you the five steps you can take right now to know more in one week than 99.9% of the population knows on your subject matter.
This is the beginning of my ten step plan to becoming an expert in cannabis...
Get Smart on Cannabis Fast Plan
This segment is all about how to not sound like an amateur in your interviews, pitches, and board meetings. First, I believe in conscious immersion as the best way to learn. So, when you are implementing this plan spend one weekend, just one, reading the below resources, signing up for the newsletters, and planning out a few events to attend. Then jump on in. Do not let procrastination and mental masturbation stop you from actually taking action.
Do not let procrastination and mental masturbation stop you from actually taking action.
ARE YOU READY??? Kiss that cubicle goodbye, say Sayonara to fax machines, we’re going green.
Step 1: Read Deeply
Start by going deep, every time I enter an industry I begin by picking my favorite authors and letting their 10,000 hours come to me in a fraction of that. Pick 2-3, that’s enough. You do NOT want to fall into the trap of preparation as procrastination. Your goal is to lay a foundation you will build on.
Top Books to Read:
Cannabis Manifesto – Great primer on the history of cannabis from Steve DeAngelo founder of Harborside
Cannabis Pharmacy – Deeper dive into the medicinal side of the plant
This was my very first step into cannabis, I went and spoke to a group of 25,000 attendees at MJBizCon. I leveraged my unique skillset of speaking, finance, and startups to add value to a conference. This let me jump into the deep end and helped me to understand what the true opportunity was in cannabis. It was the best thing I ever did and changed my entire career. If you listen to one piece of advice, just get yourself into the game. Go see, feel, and touch what is happening with your own fingertips.
Conferences to Attend:
MJBizCon – By far the largest and most broad sweeping
Arcview – The most curated and best for startups and higher ups
Hall of Flowers – The best for marketing and brands
Canntech – The best for global and international opportunities
NCIA – The best for government and social activists
I used this exact template to get a partner role at a VC firm in cannabis —> our guide:
Step 3: Immerse Yourself Daily
I spend 30 minutes every morning doing a review of what is happening in the world of cannabis, pick a few of these and do the same. There is magic that happens when you constantly over time integrate yourself into your chosen field. The saying is consistency trumps intensity any day.
Newsletters & News Sources to Sign Up For:
Leafly – Consumer focused news and insights into cannabis
MJBizDaily – The most well-known cannabis and business news source
Green Entrepreneur – Great insight into entrepreneurship in cannabis
Entourage Effect Capital – We are going to announce some cool hiring resources, so stay tuned.
BDS Analytics – Best consumer data out there on cannabis and companies in the space.
Codie Sanchez – I also have a biweekly newsletter you can subscribe to that will include short snippets on building, VC’s, and cannabis.
Civilized – Cannabis culture, consumption trends and what’s new
PROHBTD – Great YouTube videos, product lists, and cultural events on cannabis.
What astounds me continuously in life is how easy it is to become obsessed with something, follow it down the rabbit hole, and come out the other side knowing more than 99.9% of the population on that subject.
We severely overestimate the path to expertise. The path to becoming a .1% performer might very well take the 10,000 hours that experts tout, but the path to knowing what the top 10% know about an industry is a ridiculously lower bar. If you follow the 3 segments listed above to read and immerse yourself in the industry, and then create a process for systematically building upon it, you will be the top 1-10%.
This article is presented for informational purposes only, is an opinion, and is not intended to recommend any investment, and is not an offer to sell or the solicitation of an offer to purchase an interest in any current or future investment vehicle managed or sponsored by Entourage Effect Capital, LLC or its affiliates. Any such solicitation of an offer to purchase an interest will be made by a definitive private placement memorandum or other offering document.
History Doesn't Always Repeat BUT It Damn Well Rhymes
Mar 20, 2020
Note: My articles often contain links to companies I invest/have stake in, or am an affiliate for, meaning we get a commission at no cost to you. I never promote anything I haven't used, or invested in, but since my tagline is to question everything, good to start here! Please see my disclosure page for more.
What if I was to tell you the single biggest determinant of your success, is your skill at questioning?
It's not IQ, not education, not wealth, it's as Descartes said, "I think, therefore I am."
If I have learned one thing as a former journalist, turned pundit, turned public markets investor, turned "Gasp" cannabis private equity investor, it is that your life and your bank account are largely tied to your questions. Questions reveal if you my friend are a critical thinker... or an instant believer. Unfortunately in this world of ours replete with fake news, narrative, spin, information inundation and social stigma programing, the worst thing you can be is an instant believer.
So I decided to re-start my newsletter to help you "Think Like A Contrarian."
We will challenge the status quo to achieve what most believe is impossible.
ALL the best opportunity is found in the disconnect between our common narrative and the truth.
BELOW IS AN EXCERPT OF ONE OF THE NEWSLETTERS: If you like it subscribe. If you don't like it... that might be good too, means I'm probably saying something interesting.
_________
Humans,
We are funny. We're really just a group of forgetful, and perpetually anxious simians (aka hairless monkeys), who don't remember what we've been through. What's with the tangent Codie? Well, I'm running around Benzinga Cannabis Conference this week and then sprinting around NY on CNBC and Fox News talking about the markets and private sector investing, and I'm having a hard time not chuckling at our reactive and forgetful nature.
We truly think it is different every single time. When in fact, most events have an inkling of the past in them and come back into "style," one way or another. Per my cartoon above, even ashrams are in these days. So here are the biggest topics I think we could use a little context on this week.
The Weekly THINK:
READ - Economic Facts & Fallacies - Thomas Sowell may be my favorite modern economist by far. He debunks the economic myths systematically, digestibly and with minimal personal opinion. His best quote:
"Much of the social history of the Western world, over the past three decades, has been a history of replacing what worked with what sounded good."
LOOK AT THIS IMAGE... do you see anything that might rhyme? Massive valuation decrease in public equities, paired with consumer adoption increasing at exponential levels. Hmmm... we've never seen that before? I've never understood why humans love sales everywhere but the stock market or private company investing. Seems to me in a world of record highs (even after a pull back), there are still deals in the market. That's our bet at EEC.
CONTEXT - Coronavirus: Disclaimer: Turns out I'm not an immunologist or virologist, who knew most people discussing the virus's impact aren't either, ahh news today. So unlike them I'm going to spare you my "expert" opinion on how fast it will spread and the impact, but from a numbers perspective provide some context. I do not want to minimize a single humans pain or suffering, the lives lost are a tragedy.
However, we need to think about the widespread impact. The rate below is the % of people who die when they've contracted the illness. That's not great, but it's also not necessary crippling with, 1-2% as the current fatality rate. Then again remember the virus is new and it's in China, where healthcare and human rights are ahem, a bit lacking. To that extent, the fatality rate appears to be quite lower outside China. It also differs drastically by age.
Which means, yes the flu is virulent, it's dangerous, but unlikely to cause the apocalypse. Other facts, the rate of new cases appears to have stabilized, a few vaccines are in the works, and "according to the World Health Organization, in the United States alone for the 2019-2020 season, there have been at least 15 million flu illnesses, 140,000 hospitalizations and 8,200 deaths." Which dwarfs the current outbreak. I like the take by Brian Wesbury on the subject. Will it spread to the US, CDC says yes, news confirms it. Will it be an apocalypse, they say probably not. Would I buy a mask and hand sanitizer, seems reasonable. Will I sell all my assets, no. Then again, I'm not a doctor, just a human with an eye for numbers instead of narrative.
CONTRARY TO POPULAR OPINION - Has anyone ever said, “I wish I had more meetings, conference calls and it would be lovely if I could receive just a few more emails a day?” I certainly haven’t found one. As a VC we have this problem on steroids. My company, Entourage Effect Capital, has invested in 64 companies, so if we invest in less than 1% of all deals we see, that could mean meeting with 6400+ companies. And you thought your weekly team meeting is bad, right? So, I said, no more. I went down a rabbit hole, and after reading 26 articles on time blocking, calendar management, email inbox management and not letting other people dictate your entire life… this is what I found out and am implementing.
ACCREDITED INVESTORS - we are going to working on a potential syndicate for investors who want to invest alongside EEC in some of the co-investments democratized for more people to break into cannabis. To apply email: ir@eecpartners.com. We have one deal live now.
Question everything, as Sowell said, "It takes considerable knowledge just to realize the extent of your own ignorance."
Happy Questioning,
Codie Sanchez
Cannacurious? Want to get into the game... here's our contrarians guide
This article is presented for informational purposes only, is an opinion, and is not intended to recommend any investment, and is not an offer to sell or the solicitation of an offer to purchase an interest in any current or future investment vehicle managed or sponsored by Entourage Effect Capital, LLC or its affiliates. Any such solicitation of an offer to purchase an interest will be made by a definitive private placement memorandum or other offering document.
Why You Should LOVE These Markets as an Investor
Mar 19, 2020
Note: My articles often contain links to companies I invest/have stake in, or am an affiliate for, meaning we get a commission at no cost to you. I never promote anything I haven't used, or invested in, but since my tagline is to question everything, good to start here! Please see my disclosure page for more.
The World Is Ending...
So we better stock up on toilet paper and sell all our stocks, right?
What a bizarre turn of events this week has lead to in the global markets.
THIS GUY GREW HIS WEALTH BY ALMOST DOUBLE ONE YEAR AFTER THE CRISIS. All the while smiling while he eats his daily cheeseburger and Coca Cola.
Keep that in perspective.
The Weekly THINK:
WHY I LOVE THESE MARKETS:
In every disruption there is a massive amount of noise and panic BUT those with cool heads and capital to deploy prevail. Just a reminder of history: a $1,000 investment made in 2009, would be worth more than $2,700 as of end of 2019. That's a total return of more than 175%.
The S&P 500 itself was up 227% during that period.
It's a reminder of the Buffett adage everyone quotes but no one follows, "be greedy when others are fearful and fearful when others are greedy." Panic-selling rarely benefits us.
In fact, one of my favorite activities is looking at who made billions during and after the 2008 downturn:
Warren Buffet bought $5B of Goldman Sachs and $3B of GE which in turn made him billions.
The Federal GOVERNMENT made $82B in 2010 by their bailouts of Wall Street... yes, they made billions
Carl Icahn followed Buffet's adage and in 2007 sold a couple of properties worth $1.3B at all time highs then turned around and bought distressed properties (some of which he previously owned and sold at the highs) making him, on average, a return of 4x.
That’s just to name a few.
You could add that KKR, Blackstone, Carlyle all became household names thanks to the 2008 panic induced buying opportunity. At EEC we plan on taking this same advantage.
Remember this too shall pass. Take care of yourself and your hard-earned money.
QOTW: “In God we trust; all others pay cash.” - From Berkshire Hathaway 2008 Shareholders letter.
Fascinating things happening in the world of hemp as construction materials. Did you know that 38% of global energy emission come from construction? Introducing hemp... this house is built from a majority of hemp materials and the house actually pulls CO2 from the air. It's made from reconstructed hemp hardware, hemp insulation, hemp bricks etc. Hemp construction materials supposedly are termite resistant, fireproof, breathable, 100% recyclable, prevent mold, store carbon, and insulate well. Maybe it won't be just the hipsters that use it going forward?
Question everything, as Lloyd Blankfein told us in the 2008 crisis:
"Real wealth is created in a downturn and collected in the rally."
Also I'm looking for a good way to donate to the Coronavirus first responders. I found this through the CDC if you find anything better please comment below.
Happy Questioning,
Codie Sanchez
Cannacurious? Want to get into the game... here's our contrarians' guide
This article is presented for informational purposes only, is an opinion, and is not intended to recommend any investment, and is not an offer to sell or the solicitation of an offer to purchase an interest in any current or future investment vehicle managed or sponsored by Entourage Effect Capital, LLC or its affiliates. Any such solicitation of an offer to purchase an interest will be made by a definitive private placement memorandum or other offering document.
Don't Have A Million, But Want to Invest in Cannabis?
Aug 27, 2019
Note: My articles often contain links to companies I invest/have stake in, or am an affiliate for, meaning we get a commission at no cost to you. I never promote anything I haven't used, or invested in, but since my tagline is to question everything, good to start here! Please see my disclosure page for more.
Don't Have A Million, But Want to Invest in Cannabis?
Here's my take on it.
From an excerpt with Green Entrepreneur (full article here).
Let’s get to the million dollar question, which is: I don’t have a million dollars, but I want to invest in this business. Where do I start?
First my advice is always that you should go to the experts, that's why I came to Cresco Capital Partners. I wanted to invest along private equity and venture capital experts so I could learn from their 10,000 hours instead of having to do my own.
Say you've already done that. Then you need to get your seat at the deal-making table. Then you start to get deals and access into the space that outstrips your network. One of the first secrets is, wealth is made on the private side. If you look at anybody who has accumulated wealth – not just rich, but real wealth – it’s because they’ve done investing either on real estate or in their own company on the private side. That’s just the “why” of this even mattering.
Explain that a little bit to me. On the private side, meaning they’re not public companies that they invest in?
It’s very hard to make generational wealth or real wealth by investing in public stock markets. Outpace inflation, definitely, but replace your income? That's tough. You can see that very quickly. Say you put all the faces from the Forbes 100 list of billionaires on one page. What you would notice if you went through all their bios? Not a single one of them made their money from smartly investing in public stocks.
The brilliant Warren Buffett, Carl Icahn, they only move when they have three things...
The best investors like Warren Buffett, Carl Icahn, etc they only move when they have three things:
The first one is an unfair advantage. For instance, Carl is an activist . He can go bother the founders of the company until they make changes to the actual company and make him money. So you need an unfair advantage in some way.
The second thing that you need is intimate knowledge. Not insider knowledge. You can’t have anything illegal. But you need intimate knowledge of the industry, the company, whatever you’re investing in. You really can’t get that with public stocks because otherwise it would be insider information and you have to be incredibly careful to be ethical and law abiding. On the private side you can have financials, access to the actual founders, access to their actual distributors and request a financial colonoscopy for all intents and purposed. Essentially what you need is information beyond what the news and Jim Cramer could scream at you on CNBC. You need that.
Then the third thing is the ability to affect the outcome. That’s how we invest on the private side because by giving them capital, we can talk to them about how they’re going to exit, who’s going to buy them, help them structure the exit on the backend, and the list goes on. When I invest I want to be more than money, I want to be a fulcrum they can place a lever on to lift more than their bodyweight.
Those three items are really key to investing. But we’re talking at a super high level. We’re not all going to have that on Day 1, but you should always have that in the back of your mind. That is the goal. It’s why I’m really worried about anybody who’s a price speculator.
What does price speculator that mean? Why does that worry you?
The crypto crisis, the housing crisis, the internet bubble, and then if we go way back to tulip mania, (which was where people were paying hundreds of dollars for a tulip bulb), it’s all the same thing. It’s all called price speculation, which basically means people invest in something just because they think the next guy is going to buy at a higher price and they’ll be able to sell after he gets in. But they don’t believe that there’s real value in what they’re investing in.
We’ve got to be careful about that. There’s a little bit of that in cannabis, so on the public side I’m really cautious about investing.
It seems out of whack right now on the public side of cannabis with the valuations of the underlying companies.
You may be right, I don’t have a crystal ball. If I did, we’d be on my yacht while recording this podcast. But what is important on the public side, or any time valuations or the price of stocks is concerned, is to always be looking at the downside.
Does it make sense for the top 10 cannabis stocks to be worth 4x more than the top 10 biotech, tobacco, pharma, or healthcare stocks, from a price-to-sales perspective? Which just means the price that they’re worth versus how much they actually sell.
Does it make sense for the top 10 cannabis stocks to be worth 4x more than the top 10 biotech, tobacco, pharma, or healthcare stocks, from a price-to-sales perspective?
I don’t know. It’s a growth industry; it could be, but my instincts say probably not. The key to investing is always buy low, sell high, and train your brain on that. Focus on price first before excitement. That is how we avoid price speculating.
Say you want to get smart on cannabis investing in 30 days how do you do it?
Step One: Get Smart
You should be, in my opinion, not doing anything except getting smart. Listen to all the podcasts on Green Entrepreneur, and then go over to CannaInsider podcast, and then go and look at some of the investor intelligence reports like Cohen. Don’t spend a lifetime; do this in a weekend. You can binge-listen to a couple podcasts, binge-read all the investor intelligence on MJBiz or Green Entrepreneur or Cohen and in that span of time you will be more knowledgable than 90% of the populace on your subject matter.
Step Two: Get In The Game
If you want to invest, or if you want to do anything – you need to go where the game is played. Say you want to play baseball. The first thing that you should probably go do is watch a baseball game. Then you go try to play a baseball game amongst you and your friends. Then you try to figure out who are the reporters that cover baseball. Then you should probably try to go to three or four conferences of people who are talking about baseball, playing it, or selling baseball gear.
If you want to invest, or if you want to do anything – you need to go where the game is played.
It’s not dissimilar to investing. You go where the game is played. In cannabis, in my opinion, that would be places like ArcView, which is kind of like AngelList. AngelList is where you can go and invest in lots of different startups, but at very low dollar amounts in a quasi-crowd equity investing model. ArcView is similar but for cannabis, and they also have research and conferences to support. So you go to a couple ArcView conferences, and you join that insider circle.
Step Three: Meet the Players
Then you start reaching out to the insiders. Prior to an Arcview event you email all the speakers that are relevant. You setup a goal of 3-5 one on one meetings. You prepare with notes and background on the individuals and you try to stay in touch feeding them deals and ideas. These three steps are more than 99.9% of humans will take the time and effort to do. It is amazing how much success lies just over the other side of trying.
What is truly crazy is, after you do those three things – listen to a ton of podcasts, read as much as you can about the industry, and then get hooked up to an industry group and go to one of their conferences – you are smarter than 90% of the population on cannabis.
What’s the conversation you have with these people that you connect with in cannabis as a newcomer? Is that the moment when you present yourself, about who you are and what you have to offer?
First, if you go where the game is played because you want to be in the game, you will have opportunities presented to you that you never otherwise would.
First, if you go where the game is played because you want to be in the game, you will have opportunities presented to you that you never otherwise would.
That’s my promise to you. If you do these three things and you go to where the game is played with a curious mind and dig in, you’re going to have opportunities arise that you couldn't have planned yourself.
If you have that belief, then when you go, here are two things that are super important.
One is curiosity.
We’re all egoists, right? I like to have my ego stroked. But the truth is, if somebody comes up to me and says;
“Codie, I’ve been reading your stuff, listening to your podcast here, I saw you speak here, and I’m really curious as to what you meant in this sentence”
or “I’m really curious, what do you think about this?”
or “how would you enter this space?”
or “why did you do this particular move?”
– those small, tailored questions to somebody’s ego, showing that you’re truly curious, not wasting there time. It speaks volumes. If you do that to five or ten people, the likelihood is you have two to three to four who want to engage with you. So that’s where I’d start. Curiosity.
Second item is give before you take.
I just interviewed an analyst today for our firm. The way he came to me was similar to what we've just been speaking about. He reached out, said he had listened to a few of our thought pieces. But he did something different than saying, "Hire me."
He said, “I’ve been doing research and analysis on the space in grad school right now and did some models on vertically integrated companies...” -- which are companies like Acreage.
"... I did some research on a few of your portfolio companies and their competitors. Would that be useful to you?”
Of course that is interesting.
I looked at it. The models were actually really good, so I followed up with him and gave him a bit more work. Right now I’m looking at the lab testing space. Every time somebody wants to sell you cannabis, they’ve got to go take it to a third-party lab to see if it has any pesticides in it or if it is THC at the level that they say it is. I’m interested in that key portion of the industry. So I said, “Why don’t you try to apply your thought process to this lab space?” He did it, did a great job, and I’ll probably offer him a job.
So that second key is not what they can do for you, but what you can do for them. If you provide value to people who are in positions of power, that is so rare – so rare – that they are going to want you in their circle.
The moral of the story is this...
..investing is not only for the high and mighty.
New industries have opportunities that pervade them if you are curious, driven and give before you take.
Be one of the few who do, and you just may find another wealth driver for you.
Managing Director - Partner at Cresco CapitalPartners, LLC
Showdown: Cannabis vs Alcohol
Aug 20, 2019
Note: My articles often contain links to companies I invest/have stake in, or am an affiliate for, meaning we get a commission at no cost to you. I never promote anything I haven't used, or invested in, but since my tagline is to question everything, good to start here! Please see my disclosure page for more.
Who will win? Cannabis vs Alcohol
…
This is the question haunting those at the top of Alcoholic Beverage companies around the world,and making investors increasingly interested in the new green crop.
As the total size of the market increases in Cannabis we can see why, our consumer base is growing while one could argue the alcohol industry's is shrinking.
The interesting trend is not simply the total growth but also where that growth comes from.
What do these images tell us? That as users of cannabis increases, alcohol consumption decreases.
In fact (~60%) of monthly cannabis users surveyed all said cannabis has reduced their alcohol consumption, regardless of alcohol preference. While New Frontier Data found that nearly half (45%) of cannabis consumers who also drank expected to eventually replace at least some of their alcohol use with cannabis. For those who enjoyed the taste and traditions yet worried about the health effects of alcohol, a new profusion of non-alcoholic, cannabis-infused beer and wines are (where legally available) offering some intriguing potential replacements. Now this is interesting in and of itself as a tailwind that is going to fuel cannabis companies growth however as it becomes easier to access cannabis we see something interesting happening.
More users who had previously used cannabis before are now re-engaging. So we have two trends, first is that current cannabis users consume less alcohol (that affect seems to continue) and secondly as more cannabis users come online this trend may accelerate.
What does this mean for us as cannabis investors?
Large acquisitions of cannabis companies by Alcohol companies as we've already seen with Constellation brands amongst others.
Alcohol companies creating their own cannabis and CBD beverages as Molson Coors is here.
Increase in market share from Alcohol to Cannabis, which simply means more sales and thus more profits to us, theoretically.
That may be why 2018 looks to have been the worst year for beer sales in nearly a decade.
As we look ahead with more medical and adult use cannabis markets coming online, cannabis is looking up and alcohol, well, alcohol needs to get creative to compete.
Ahead: Look for more acquisitions in alcohol and cannabis, more partnerships and more sales swaying away from wheat and into another plant.
“TOTD: “I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.”
— Warren Buffett
This quote really sticks with me, it's what I remind myself when so many are concerned about this space. When there is no more concern about cannabis, when greed runs rampant, that is when we must be cautious.
I believe whole heartedly in what we are doing as a generational wealth creation event if we do this right.
That's why some of our biggest investors at CCP are former alcohol, CPG and beverage execs. Not all companies will be winners, far from it, but those who do this strategically just may be.
Codie Sanchez
Cresco Capital Partners
Disclaimer: This report reflects the current opinion of the authors, aka me. It is based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security. The fund is open only to accredited and qualified investors. And in investing you should always question everything.
Job Searching USE THIS: Get Hired for Your Dream Job
Jan 07, 2019
Note: My articles often contain links to companies I invest/have stake in, or am an affiliate for, meaning we get a commission at no cost to you. I never promote anything I haven't used, or invested in, but since my tagline is to question everything, good to start here! Please see my disclosure page for more.
Job Hunting Is The WORST…
Isn’t it?
It is a self-confidence crushing endeavor… like worse than Tinder dating.
Here’s why:
The average job posting gets over 250+ emails. Seriously. Isn’t that crazy? Not to mention recruiters get the first resume sent to them within 200 seconds. Oh, and remember Monster, well 427,000 of your fellow job seekers post their resumes weekly. Terrible odds if you ask me.
BUT it doesn’t have to be. Let’s break this down.
Here’s what I realized:
I’ve moved through 6 jobs at 4 companies in ten years, growing my paycheck by around 50-100% with each move. BUT, it didn’t start that way. It never does for any of us. You see when I went after my first job out of college I went to 3 job fairs, sent an ungodly amount of cold emails, bothered all my parent’s friends and just a few weeks from graduating I was about to have some debt but no post-college job to pay for it. I was a chronic interviewee unable to close. So, there I was sending 20 emails a day and lucky to get a human to respond to one of them.
And then after repeating this process job search after job search, I started wondering…why was this whole finding a job thing so impossible?
Once I started to be out there publicly, writing in publications like Forbes and became an employer myself I started to receive email, after DM, after LinkedIn message all saying the same thing.
“All I want to do is work, please hire me.”
“All I want to do is use my skills, how can I get a job like yours?”
“All I want to do is get a job that actually pays, can I pick your brain over coffee?”
And right about when I was going to judge them for the grossness that is the imagery of picking someones brain I remembered something, I had sent all these exact same emails and DMs.
Every time I was doing a job search back in the day mass emailing out my resume, I was committing these same mistakes.
That intrigued me. And then I got my 472nd email asking about how to get a job or for me to jump on a phone call about it. Honestly - I got tired of hearing myself speak about searching and explaining the same process over and over again. BUT I loved seeing the light bulb go off in peoples eyes when they realized it wasn’t impossible it was just persistent. AND I got obsessed when I thought about a world in which every human was spending their talents in pursuit of exactly what they were born to do.
So I wrote this guide for you. Let me tell you WHY you aren’t getting the kind of job you want, WHY recruiters aren’t responding to you… and then HOT TO FIX IT!
The problem is as I looked at all the emails I received it was like an eternal Groundhog Day, I realized…
EVERYONE IS MAKING THESE SAME FATAL MISTAKES.
So for my next hiring search I documented it all. Got all scientific. I gathered the over 123 emails I received in response to my post for one job and read through them all. I talked to all my other CEO friends who hire hundreds of people a year… Suddenly everything made sense.
You see, the resumes were all pretty qualified. The humans were all great I’m sure. But after reading hundreds of potential hires I fell asleep.
Then I figured out why:
EVERYONE’S emails looked EXACTLY like 99.9% of all the other emails job seekers sent to me. And it wasn’t just them when I looked back at my emails I did the same exact mistake:
You see even my old emails sounded and looked EXACTLY like 99% of all the other emails being sent for job searches.
Here’s a few sentences I used:
1) A self-starter
2) Hard worker with a great work ethic
3) Proactive problem solver
4) Meet client needs
5) Dynamic communicator
6) A fast learner
Let’s be honest with yourself, does your email do the same? BECAUSE…
Back to the rest of the emails in my inbox. It was like watching a military parade where you can’t pick out a single human from the mass. Almost every single email contained one of those lines. EVERY SINGLE EMAIL.
The reason you are not getting a job usually has nothing to do with your credentials or whether you were the best applicant.
It’s that via email, you are boring. ;)
You are boring because like most people, you’re terrible at selling yourself via email. We all are naturally. I WAS TOO. Since we don’t realize it we end up doing the same, boring, stale process for MONTHS until we are desperate for any job, anywhere and slowly spiraling into a depression.
After reading, writing, reviewing hundreds of successful job application emails I’ve mastered the game on the template AND THE PROCESS to get the job that you actually want, instead of the one you can get.
It’s so simple we’ve turned it into science…. This template below….
It will teach you how to communicate in an engaging, unique way so that the interviewing process becomes fun and you win!
All of a sudden you have options, and are the one getting recruited.
Let’s be real, if you are a terrible worker with a resume full of grammatical errors and zero follow-through this isn’t going to make you a millionaire, but it will help you:
Get real responses and interviews setup
Let your personality come into your writing
Give you an exact formula to follow for job searching outreach
Teach you my follow-up process that has landed multiple six figure plus jobs
Explain the psychology behind how this all works
When you click you’ll receive a document with all the below:
· A tested and proven email/message template for getting noticed by recruiters
· Tricks to get recruiters to follow-up with you and see what they search on you
· A strategy for closing jobs that may even seem like they are out of your reach
· Tactics to get recruiters seeing you like that purple cow among a bunch of black and whites
Once you have this template recruiters will start responding to your messages and will actually want to meet you… not to mention if you follow the guide they may actually start seeking you out. AKA – no more cold emails HOORAY!
But here’s the catch. We humans unless we pay for something, we don’t value it.
That’s why we keep all those articles in our inbox that we know we should read but WE NEVER read them. SO, the catch is… you need to put your skin in the game. That’s why you got to pay for this one.
Why? Because I want you to actually use it, and we don’t use or value things that do not have value.
Here’s what it is going to do for you.
This template will save you TIME and MONEY. A LOT of it.
Saving you MONEY: The average unemployment period for an American is 20 weeks, that’s 5 months with no paycheck. Since on average we’ve found this process to cut down this hiring process to 30 days. We’re saving you $22k+ if you were paid the average salary in the US. That’s a lot of dinero.
Saving you TIME: Experts say it takes you a month for every $10k in your salary. Sweet lord that’s a lot of months. If you make $100k that means set aside 10, even while working, to find that next 6 figure salary. With this process you can cut your timeline in half.
Remember: Life is too short to live small. This is your chance to aggressively go after what you want in life and follow a proven method to do it.
PS: if these methods do not get you at least 100% more interviews and responses, then I’ll give you your money back.. no questions.
Now go see what it’s like to LOVE what you do for a living and GET PAID while doing it!
And as always, ADELANTE!
Codie
Say goodbye to sending hundreds of unanswered emails and resumes to job gatekeepers. This document gives you a proven email template to make finding a job (and maybe even your dream job) possible. ---------------------------------------------------------------------------------------------------------- ***(we offer a money back guarantee). Job hunting is a terrible self-confidence crushing endeavor...
Secrets to Financial Freedom: How to Speak Green
Nov 08, 2018
Note: My articles often contain links to companies I invest/have stake in, or am an affiliate for, meaning we get a commission at no cost to you. I never promote anything I haven't used, or invested in, but since my tagline is to question everything, good to start here! Please see my disclosure page for more.
Show Me The Money!
That’s what we hard working grinders want, isn’t it?
We don’t grind for countless hours, forego any semblance of a social life, and dedicate ourselves to our business simply for sainthood. Do we?
We do it because we want to build something in this world, to create a better life for ourselves and our families, and to reap the rewards of our sangre, sweat and tears.
And yet… I have to tell you, if you are a minority, a woman, a Latina like me, it ain’t easy, is it?
It’s like we’re in a race for our lives, but we began behind the starting line. Why? Because we weren’t taught as Latinos about finances, about investing, about cash flow, about IRR, or ROI or lines of credit. All we knew was:
Don’t spend what you don’t have.
Keep some under the mattress for a rainy day (sometimes literally, eek).
And… “Niñita porque tu compras algo sin cupones??” Got it Nana, always use coupons.
“..When the next little Latina looks at the faces on CNBC she’ll look up and see a face that looks just a bit like her. After all — if I can, anyone can!”
While we may be frugal, financially free we are not.
That’s why I became obsessed with investing and financial freedom more than 10 years ago.
Before I built businesses and played with money for a living, I was a journalist working along the US/Mexico border. I knew nothing about mutual funds, 401ks (como?), ETFs or the like. And yet I saw millions of my fellow Latinos were getting left behind not because of their race, but because they didn’t have or understand money. The wealthy held all the power and we didn’t. So, I started climbing my way through finance so that when the next little Latina looks at the faces on CNBC she’ll look up and see a face that looks just a bit like her. After all — if I can, anyone can! (Related: Need More Capital? Get Funding for your Startup.)
But that isn’t enough — because we need change now. That’s why I went to an event by Northwestern Mutual for Latino’s sharing their road to financial freedom. I realized all over again that we Latinos still have much too far to go.
Here, queridos, is what I would tell myself before I made my money, and what I still tell myself everyday…
“You’re only as good as who you know. ”
You make money earning, you keep money by investing.
This means three things:
Rule # 1 - you have to work to get wealth, you can’t expect the market to give it to you.
Rule #2 - always negotiate for a higher salary (we Latino’s don’t do that enough).
Rule #3 - invest before you spend.
“Seek out firms known to support minorities and women.”
2. You’re only as good as who you know.
Make an advisory board. Just like a company does, leverage those smarter than you. The best part about this is there is no up-front payment for the good ones — they make money when you do. So for me this includes a tax accountant I trust, a financial advisor I trust, and an estate planner I trust. Seek out firms known to support minorities and women — that’s why I worked with Northwestern Mutual! They believe that you’re in control of your money and that your financial goals and planning should look like planning and more like living. #SpendLifeLiving. For more information about planning your financial future visit, NorthwesternMutual.com; find your local advisor here to schedule a consultation.
Your padres were right, don’t spend more than you have. But also, use OPM (other people’s money) when you can. Debit cards win me nothing. If I’m smart with credit, it can pay me back. For example I can use this to tell me where my $$ spent can equal miles flown to a new destination.
5. The Best Investment: Go look in the mirror — oh there it is!
They say many things are common sense, but not common practice. Ain’t that the truth. The best investor is a curious and educated one.
And last but not least, go out and meet more successful humans, more Latinos, hear their stories, and learn from their mistakes. If you want to check out Northwestern Mutual’s next Latino events
And as always, ADELANTE!
Codie
Quiero Mas Ideas Por Favor!
Aquí, aquí, Señores y Señoras!
Email Address
Mo' Yo!
Care to know…No spam. We respect your privacy.
Gracias!
Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company, Milwaukee, WI (NM) and its subsidiaries. Learn more at northwesternmutual.com
**Sponsored Content**
Cannacurious? Here's our contrarians' guide to investing and getting a career into cannabis, or find out more information below:
This article is presented for informational purposes only, is an opinion, and is not intended to recommend any investment, and is not an offer to sell or the solicitation of an offer to purchase an interest in any current or future investment vehicle managed or sponsored by Entourage Effect Capital, LLC or its affiliates. Any such solicitation of an offer to purchase an interest will be made by a definitive private placement memorandum or other offering document.
6 Ways to Overcome Discomfort and Ask for What You Want
Aug 30, 2018
Note: My articles often contain links to companies I invest/have stake in, or am an affiliate for, meaning we get a commission at no cost to you. I never promote anything I haven't used, or invested in, but since my tagline is to question everything, good to start here! Please see my disclosure page for more.
This is a reprint of the original article I wrote published by business collective here.
It’s tough to ask for what you want — but if you never ask, you’ll never receive.
As an entrepreneur, business builder and corporate ladder climber, I’ve had to get comfortable asking for what I want. It’s rarely given. The tough part is, as humans, we are typically uncomfortable not only in asking for what we want, but also how we ask for what we want. If I had a dime for every time I have been called aggressive, crazy, intense (or worse), I would have a lot of dimes. But I think about my personal motto:
“Always ask for what you want. Always.”
About 7% of female MBAs attempt to negotiate vs. 57% of men.
Always ask for what you want. Always.
You will hands down never get what you don’t ask for. This is especially true for women and people of minority backgrounds. There is much research that proves that we don’t negotiate enough. If we look at salaries alone, it’s imperative. In Linda Babcock’s book, Women Don’t Ask, she found that about 7% of female MBAs attempted to negotiate, compared to 57% of men from the same program.
Assume you might get it.
When you remove the fear from your ask, you are more thoughtful, you consider how to make it a win-win, and you become less emotional.
Let’s discuss how you earn your seat at the table.
Nothing beats practice. Start small. A perfect example is my most recent trip to Belize: Every time I checked into a hotel, bought an excursion or paid for just about anything, I asked for a discount. What happened? Every single hotel (four over two weeks) upgraded us and gave us anywhere from a 10% to a 30% discount.
Never say, “I want more money.” This rubs me (and many people) the wrong way. When an employee comes to me with this language, I immediately calculate the percentage change they are asking for and say, “What are you doing to earn 35% more money?” Rarely do they have an answer. Often, they didn’t even realize they were asking for such a big percentage increase. Back up your asks with facts and numbers. Say, “I did X, Y and Z and my plan for the coming months is to accomplish this and that. I think the work I am doing is worth more than I am currently making. So, I wanted to talk to you about a pay raise.” Then, don’t say anything. Your manager may be about to let you know you’re going to get a raise higher than your ask.
Tell the why before asking for the what.
Put Yourself in Your Boss’ (Or Counterparty’s) Shoes
What are their goals, and how can you align yours with theirs? If you’ve ever been asked for a raise by an employee, you’d know that there is only so much you can do. How can you put yourself on the other side of the table? When I first negotiated to get time off for an MBA and had my first company out of school pay for it, I started with my small ask first and I aligned our goals.
“Your manager may be about to let you know you’re going to get a raise higher than your ask.”
I said, “I’m committed to having a long career here and believe I need to better my skills in international business for us to really succeed, so I want to go back to school while working. If I can find a way to do that won’t interfere with getting my job done, and I promise to beat out my goals every single quarter or I’ll quit school, would you be open to it?” He said yes. Then I came back once I got in and said, “If I can get Georgetown to cover X percentage of the cost and beat sales goals by X, would you sponsor me for the rest of my schooling?” He said yes. I was planning on offering a longer contract with the firm as well but I held back. He said “yes” to all my asks.
Don’t Make the First Move
Making your “opponent” like you is worth its weight in gold. Smile, cajole, and appeal to their better instincts. My go-to line is, “You can’t blame a girl for asking, can you?”
If you are negotiating a salary or package with a new gig and the person asks you what you make currently, you don’t need to answer. You can say, “’Well, I’m flexible depending on how you structure compensation for the growth potential and the right company fit long term. Would you be willing to share the rough salary range you have in mind for this position?” If they push you, say, “This is really not something I give out broadly. Kind of like a woman never tells her age. Why don’t you tell me what your range is and I’ll let you know if that fits my range.”
Confidence is everything.
“Confidence is everything.”
Play Hard to Get
The one who wants it less wins. So even if you want a new job, client or raise so badly you would sell out your mother, pretend you don’t. Say you have a job offer you’re dying to take, and are about to quit your current job anyway. Reframe your mindset. They must negotiate to get the best deal for their company and you must negotiate the best deal for you. You can say, “I’m really happy in my current role and growing immensely. I’m always open to the right opportunity at the right company, but I’m not actively looking.” Remember playing hard to get? In my experience, this increases your perceived value, and makes them want you more.
Remember the commandments and you just might always get what you want.
XOXO,
Codie - Let's chat on instagram @codiesanchez
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This article is presented for informational purposes only, is an opinion, and is not intended to recommend any investment, and is not an offer to sell or the solicitation of an offer to purchase an interest in any current or future investment vehicle managed or sponsored by Entourage Effect Capital, LLC or its affiliates. Any such solicitation of an offer to purchase an interest will be made by a definitive private placement memorandum or other offering document.
Active Duty to Corporate Titan: Get What You Deserve, When You Get Out
Aug 29, 2018
Note: My articles often contain links to companies I invest/have stake in, or am an affiliate for, meaning we get a commission at no cost to you. I never promote anything I haven't used, or invested in, but since my tagline is to question everything, good to start here! Please see my disclosure page for more.
The more I know of the military, the more I want to hire them.
Dedication.
Drive.
Team work.
Focus.
Persistence through difficulty.
Training.
That's a winning skill set. And yet, US Military.. you're not very good (AT ALL) at helping your members transition. They serve for us, maybe we should serve them a bit better.
So, here's what I would do if I was talking to my loved ones about getting out and moving on up that corporate ladder.... (Honestly - if you're not military you need to read this too).
Transitioning from the military to civilian life IS tough. The two worlds have minimal overlap. As both a hirer of vets and a family member of one, I’ve seen it go incredibly well, with transitioning service members landing high six figure jobs that double their military income, in the field of their choice...
BUT I’ve also watched former soldiers, sailors, and airmen be taken advantage of and miss out on much opportunity.
Why?
It's in your nature as military to be humble, team oriented, focused on the we not the self, and guess what? In corporate America, unfortunately, that isn't the same creed. In fact in a new job negotiation if you don't ask for it, you probably won't get it.
So here's my top three to-do's for every service member when it’s time to trade in the camouflage.
RULE NUMBER 1:
Get An Education - If you can, use your GI Bill. Use every cent of it. Ideally I would try to go to school WHILE you are active duty. You earned it and it will teach you the language of business.
Think about it like this, have you ever been in Mexico and negotiated to buy a souvenir in your broken Spanish? Have you ever thought, man I am getting the gringo price? As a Latina - I'll tell you, you are. Why? Because they know you don't understand it's true worth, you don't know how to play the game. You don't speak their language. It's the same with business. You don't know (yet) about variable comp plans, vested equity, negotiating vacation, % matching on 401ks, VP vs SVP vs Director vs MD, guarantees etc. That's ok. Go to school and you'll speak the language, which means you will get a better deal. Always.
RULE NUMBER 2:
Start Looking Early - The military is unlike corporations, in the military almost everyone eventually is assumed to 'get out.' Thus, it's ok to start looking for new options early, in fact, it's crucial. The literal worst thing you can do is get out of the military without options. You lose the high ground. When you are still in, you don't have to worry about a paycheck so you can be patient, waiting for the exact right moment to pull the trigger as opposed to making a panicked emotional decision.
RULE NUMBER 3:
Play the Field - When you start looking, you may be tempted to say yes to the first thing that comes along. Defense contractor reaches out, give you a good enough opportunity, it's easy. Why not take it? Here's the problem, you have no idea what else is out there. This is your best shot to make a great transition, maybe a pivot, maybe a complete career change don't pigeon hole yourself.
(Sidenote: Defense contractors make an obscene amount of money, I would negotiate your salary LIKE CRAZY with them).
Play the slow game.
Any company that truly wants you now is going to want you later.
So make yourself go through the thought process of what would you do if you could do anything? Sit, drink a beer on your porch, ruminate on that. Write down all the things that interest you. Then go to your LinkedIn and search people in those spaces, reach out. Then go to your friends who have gotten out ask them if they know anyone in that industry.
RULE NUMBER 4:
Leverage Your Crew: I've realized the military is similar to a fraternity or a college sports team, you guys stick together. That means when you are considering leaving reach out to former military people first. They LOVE telling you the inside secrets just about as much as they love hiring fellow veterans.
Make it a game, and scroll through your LinkedIn noting all your former contacts and what they are doing today. Reach out to at least 10 of them to grab a coffee or a VTC. Then do one more thing, go to that dream job list of yours and reach out to two to three of those humans who have jobs you could only dream about. Ping them. See what happens. Then email me c@codiesanchez.com to tell me what happened. #yourewelcome
RULE NUMBER 5:
First Offer Is Never Final Offer - You followed the rules, you got THE JOB you want. Now you have the offer. Remember - Any job offer negotiation is kind of like how you text your friends to come out one night and they say;
"No I can't."
"No I better not."
"No I probably shouldn't."
And finally.. "ok where am I meeting you?"
Same with a job offer, it's the start of a conversation. It's not a final mandate. Never accept an employers first offer. Always negotiate. There is ALWAYS wiggle room. And the worst thing that can happen is they say no that's a final offer. Think of it this way, picture them chuckling at you because you didn't negotiate instead of assuming they'll think it's disrespectful you did negotiate. (Here's how I negotiate: --> click here).
EXTRA BONUS POINTS: These tools are here for you. Why not use?
Sometimes it's best to keep it stupid simple.. aka LinkedIn.
LinkedIn is the Facebook of business professionals around the world. If you don’t have an up to date profile (or a profile at all), your first step should be making your LinkedIn page shine like your Formal Dress shoes. And remember, only about 3% of the population has served in the military, so most recruiters and hiring managers won’t know what you’re talking about if you write using military jargon like “promoted to E8” or “served as battery commander.” You’ll need to translate your experience into business language, while at the same time talking up your experience as much as you can without being dishonest (when it comes to finding a job, you are your best advocate; this isn’t time to be modest).
“LinkedIn is the Facebook of business professionals around the world.”
Now that your profile is all spiffed up. Remember, there are two ways to learn, by spending years doing it or by listening to those who have spent years doing it.
Veterati is a free mentoring platform for service members, veterans, and their spouses. What I love about this site is that it connects you directly with someone who is an expert in their field, and who cares enough to volunteer their time to help you find a job.
"Learn by listening to those who have spent years doing."
Once you fill out a short profile, Veterati will suggest several mentors who might be a good fit for you. You can read their bios, and then schedule a phone call based on their availability. After that, it’s up to whatever the two of you want to talk about, and how they can best help you find a job. Often that includes resume reviews, personal introductions to some of their industry connections, and mock interviews.
Take advantage of the resources that only you have access to as veterans.
The Hiring Our Heroes (HOH) Corporate Fellowship program is one of the best kept secrets of military transitioning. With programs at bases across the United States, HOH is a partnership between the military, industry-leading corporations, and the U.S. Chamber of Commerce that provides a competitive 12 week fellowship during your last months of service. Corporate partners vary each year, and include top companies like Boeing, Amazon Corporate, and Point B Consulting. Many companies report a 95% hire rate after the fellowship is complete, but the application process for HOH is competitive. Prepare.
You served, now is your time to reap.
Remember, don’t compromise. You have served your country well, built leadership and technical skills, and now, you’re on the path to an incredible civilian career. You’ll be surprised at how quickly you learn this new language of business. And in fact, you just may take it over.
This article is presented for informational purposes only, is an opinion, and is not intended to recommend any investment, and is not an offer to sell or the solicitation of an offer to purchase an interest in any current or future investment vehicle managed or sponsored by Entourage Effect Capital, LLC or its affiliates. Any such solicitation of an offer to purchase an interest will be made by a definitive private placement memorandum or other offering document.
Need More Capital? Get Funding For Your Startup
Aug 02, 2018
Note: My articles often contain links to companies I invest/have stake in, or am an affiliate for, meaning we get a commission at no cost to you. I never promote anything I haven't used, or invested in, but since my tagline is to question everything, good to start here! Please see my disclosure page for more.
You have a seed inside...
Waiting for you to water it.
This is a reprint from my Forbes.com article here.
Inside each of us is the seed of an idea just waiting for us to water it.
You have such an idea in you — that business or startup that the world must experience. You’ve mocked out the plans, come up with the name, branding and website. Everyone loves it. But do you know how to fund it? It turns out seed watering isn’t cheap.
“Self-funding your business will force you to be more strategic.”
Have you seen the before-and-after Jeff Bezos meme? He’s not superhuman. He’s super “human.” We all are. We all start in a garage (Jobs), in a dark dimly lit office (Bezos), in our parents’ basement (Branson). The key is simply to start. So whether you’re trying to jumpstart your business or you need to boost the capital to take it to the next level, here are five ways we’ve seen hundreds of founders begin their ascent to the long mountaintop of entrepreneurship.
He's not superhuman.
He's super "human."
Self-Fund Or Bootstrapping
If you aren’t invested in you, who will be? Self-funding your business will force you to be more strategic. The main goal here is growth, which is typically cash flow, reach, users or client acquisition. Make sure that you’re generating a consistent stream of revenue or adding new clients before you start experimenting with other ways to grow. I’ve built most businesses by re-investing in them. Make a little money, hire a marketer, make a little more money, increase your Google AdWords spend, make a little more and bet on your business.
“The key is simply to start. So whether you’re trying to jumpstart your business or you need to boost the capital to take it to the next level.”
If you aren't invested in you...
Who will be?
Incubators And Accelerator Programs
If you choose to go with either an incubator and/or accelerator program, make sure that you have a viable product first.
Incubators will help you along in the early stages of your business … for a fee. You can look at an investment like this as a type of business school that provides a myriad of resources, such as office space, legal counseling — not to mention more money to help get your business off the ground. To get this money, investors need to believe your idea or product has enough juice for them to help nurture and grow. In my experience, the top tier incubators are absolutely worth it. The lower tier are absolutely not.
Once you’re up and running, you have to keep that momentum going. Some join an accelerator program once they’ve successfully launched their businesses. These programs typically last from three to six months. So if that’s the route you’ve decided to take, take advantage of the resources and funding to get the most out of your mentoring experience.
“Investors need to believe your idea or product has enough juice for them to help nurture and grow. ”
Not all accelerators or incubators are created equal.
You’re not required to take an incubator program first, but getting into an accelerated program prematurely with an underdeveloped business will be a waste. It’s unlikely that investors will take a risk on a company with no clear direction.
Disclaimer: Question everything, including me. Not all accelerators or incubators are created equal. Do your homework first.
Sell Your Product Using Pre-Orders
Don’t have a viable product? No problem. Explain that by telling potential customers about your idea. Ask if they want to buy when you build it. Consumers like to help innovators. It’s as easy as creating a prototype, taking a few pictures and posting a link to buy on your networks. Mary Shenouda at Paleo Chef funded her entire startup PhatFudge with a pre-order plea posted on her social media accounts. That led to $50,000 in pre-orders and what is now a fast-growing business. Don’t make the rookie mistake I made. If you can’t get at least five people to buy before you build, then save yourself a world of pain.
Just how well your idea sells is a good indication of whether or not you’re on the right track. Setting your product up for pre-orders gives you a view into the future.
You know, there is such a thing as free money. Or I suppose, almost-free money.
If you are a minority or have a special niche, there are grants that are targeted to you. You just need to find them. Research what kinds of small business loans are available. Look to the Small Business Administration and your local Chamber of Commerce to learn about what kinds of grants and business loans you qualify for. If you only need $10,000 or less, then you could apply for a microloan. That said, microloans could leave you with an unsustainable amount of debt that could bankrupt your business. I’m always super careful with loans.
Strategic Angel Investors
Up until now, your business has been growing like a hockey stick — up and to the right. You started off with enough capital to kick off your business, and sales are good. If you had some extra money to advertise, market or add a few hires, the game would absolutely change. Your saving grace may be in the land of angels. Angel investors are partners who are willing to invest their money into your business in exchange for owning a percentage of your company. It’s up to you to determine how much you’re willing to sell to the investor. And it’s ultimately up to that angel investor to decide if they want to take the financial risk. Just remember, the average equity received by angel investors is only 12.3% and an angel investor recipient raises on average $328,500, according to Fundivo. These won’t be big checks, typically.
Whichever path you choose to fund your startup, there are more ways than ever to scale. It’s going to take plenty of diligent research and follow-up on your end, but the end result may just be OPM (other peoples money). That has a nice little ring to it, doesn’t?
XOXO,
Codie
Let's chat on instagram @CodieSanchez
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This article is presented for informational purposes only, is an opinion, and is not intended to recommend any investment, and is not an offer to sell or the solicitation of an offer to purchase an interest in any current or future investment vehicle managed or sponsored by Entourage Effect Capital, LLC or its affiliates. Any such solicitation of an offer to purchase an interest will be made by a definitive private placement memorandum or other offering document.
How To Successfully Take Your Job On The Road
May 11, 2018
Note: My articles often contain links to companies I invest/have stake in, or am an affiliate for, meaning we get a commission at no cost to you. I never promote anything I haven't used, or invested in, but since my tagline is to question everything, good to start here! Please see my disclosure page for more.
Originally written by Codie Sanchez (that's me!) for Forbes: here.
“I didn’t find the job, I created it.”
When people find out what I do, often the first thing they say is, “How did you find a job that allows you to travel the world and do what you want?”
Then they say, “You’re so lucky.”
I answer, "Yes I am."
That said, my answer is always the same: “I didn’t find the job, I created it.”
"I wanted to travel, see the world and make an impact."
When I started my career in finance, I wasn’t incredible. I was quite good but I was not the top performer at my company. I could pitch investors, make sales and perform financial analysis but I was new to finance. But here’s the thing: I didn’t want to spend my life behind a desk. I loved my job, but I wanted to travel, see the world and make an impact.
I found the intersection of talent. I wasn’t No. 1 in the world at one thing but I was very good at several, including finance, sales and speaking Spanish. I realized that I didn’t have to be the 1% because I had something better: a unique combination of skills that no one else had. I call this my leverage point.
“I found where my average talents connected to make them unique.”
Instead of quitting my job, I put together a business proposal for my boss at the time and said, “Look, I think there are investment opportunities in Latin America that we are missing out on. I want to take see if I can create business for our company down there.”
He was intrigued and gave me the go-ahead. When that first trip was successful, I asked for a month-long second trip. I extended that to two months, then six months. Finally, I proposed that we create a new position for me that would allow me to travel Latin America as much as I wanted, creating business and investment opportunities for my company and only paying me if they worked.
You may be thinking, “Hey that’s great for you, but my job isn’t remote.” Neither was mine until I proved that I could add value. Here’s how you can take your career on the road without taking a pay cut. Sound good?
Make a list of two or three talents to combine and use them as your leverage point.
Find Your Leverage Point
Make a list of what you are good at. What two or three talents can you combine to use as your leverage point? Remember, you don’t have to be the world’s expert or even the most exceptional person at your company. It might be the fact that you have both technical skills and human resources qualifications so you can travel to overseas manufacturing plants for quality assurance and safety procedures. Maybe you are a writer and a business analyst and you can travel to clients and potential clients and create clear reports that describe what is happening there to your home office. The possibilities are endless because your leverage point is not based on a single skill but on a combination of several.
“Trust yourself. You know more than you think you do.”
— Benjamin Spock
Do The Research
Once I found my leverage point, I began researching opportunities in Latin America. Latinos are the fastest-growing demographic in the U.S., meaning there are a lot of ties between U.S. and Latin American businesses. NAFTA and other free trade agreements, micromills and proximity to distribution mean that businesses are turning to Latin America instead of Asia for manufacturing. Plus, the growing startup scene in places like Chile, Mexico, Argentina and Brazil makes these countries a fertile playground. Go to Google, subscribe to the top newsletters on your area of interest, look at what your competitor firms are doing in the region and pretend like you are writing an article on the opportunity. Think like a journalist. Gather data.
“The hardest step to take is always the first one. The rest build momentum like a snowball downhill. ”
Make The Pitch
Once you have your leverage point and your data, make the pitch. Show them that you can bring more value to the company on the road. Ask for a trial run to prove yourself, a short trip with a specific purpose. And one last thing: Don’t ask for a higher salary. That will come after you have proved your value in this new role. Besides, you are about to start your dream job traveling the world. And you just got your company to pay for it. What more could you want?
The hardest step to take is always the first one.
The rest build momentum like a snowball downhill. Your goal here is to self-assess to find your leverage point, externally assess to find your supporting research and finally turn those two into a win-win case for you and your employer. Remember above all else, most people who have built incredible lives created them. They weren’t given them. That means all that stands between you and the life you want is yourself.
XOXO,
Codie
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This article is presented for informational purposes only, is an opinion, and is not intended to recommend any investment, and is not an offer to sell or the solicitation of an offer to purchase an interest in any current or future investment vehicle managed or sponsored by Entourage Effect Capital, LLC or its affiliates. Any such solicitation of an offer to purchase an interest will be made by a definitive private placement memorandum or other offering document.
For True Innovation, Change the Way You Travel
Mar 06, 2018
Note: My articles often contain links to companies I invest/have stake in, or am an affiliate for, meaning we get a commission at no cost to you. I never promote anything I haven't used, or invested in, but since my tagline is to question everything, good to start here! Please see my disclosure page for more.
Remember when business retreats used to mean holing up in a Marriott or going on a corporate outing? I'm going to let you in on a little secret: Those days are over. Millennials will make up 75 percent of the workforce by 2025, and they aren't satisfied with the status quo of older generations. With fast and affordable travel and a globalized economy, today's workforce is interested in experiences and adventures, not cocktails in the hotel lobby.
If I don't have your attention yet, these facts should help. Unemployment is at 4.1 percent, the lowest it has been in 17 years. Sixty-eight percent of all human resources heads say that talent shortage for full-time positions is one of the biggest challenges they are facing. What does this mean? It means that if you want to attract and keep talent, you need to differentiate yourself. Changing the way your company travels might be just what you need.
“Millennials will make up 75 percent of the workforce by 2025, and they aren’t satisfied with the status quo of older generations. ”
Creating New Experiences
A friend of mine told me a story that illustrates this perfectly. On a recent trip to Mexico City, his six-person consulting team shared an Airbnb rental in a trendy part of the city instead of paying for hotel rooms. In the evening, they hung out in the shared space of the high-rise apartment and sampled street food from the markets. Some members of his team extended their stay for the weekend and explored other parts of the country on their own. This unique bonding experience led them to an innovative breakthrough with their client and a pivot in the direction he took his business.
“This unique bonding experience led them to an innovative breakthrough with their client and a pivot in the direction he took his business.”
Have passport will travel.
They aren't the only ones. My teams have been known to fly to Mexico, where they take boxing lessons in the evenings and tour our clients' construction sites during the daytime. We even made a trip over to Valle de Bravo for a sailing competition. We may have lost that competition to the point of near embarrassment, but we got to know our clients personally and our team made the kind of memories that families share.
What do these trends mean for you and your company? It's time to think outside the box. When you begin planning your next business retreat, mid-year meeting or stakeholder conference, go for something different. For less than you would spend to take your team to a resort in Palm Springs, California, you can share in an international experience while improving employee retention.
Currency arbitrage
Desitinations half the price, double the bonding.
In other words, this is an easy way to make your company more attractive and earn bragging rights in your industry. After all, who doesn't want to be known as the company that takes vacations abroad? According to The Boston Consulting Group, companies that don't reach out to millennials today, risk missing the boat as they become the core producers and consumers in our society.
Planning a company getaway to another country might be intimidating for the decision makers at your firm. That's why I recommend using one of the many travel-planning services that have popped up recently. Remember to price check and make sure the company you choose offers the type of experience you are looking for.
" Hosting your company retreat is about innovating your company's culture."
“ When you get back to the office after a well-planned trip, expect to see better communication, increased efficiency and lower employee turnover.”
— Codie Sanchez
One of my favorites tools for planning is Mezi. Think of it as a free, personal-travel virtual assistant. They take trips from a twinkle in my perpetually wanderlust-inclined eye to reality by booking everything from outings, restaurants, hotels and flights -- and ensure my team gets the best deals. And a couple services that I've researched and would like to try myself include Digital Outposts, which specializes in "workcations" from two weeks to two months long, and Surf Office -- a beachfront workspace that can accommodate up to 80 people.
"I prefer Latin America..."
Then again, I'm a wee bit biased.
As for where to go, I prefer Latin America. You can find everything you need for a successful corporate outing at a great price. If you're looking for an authentic cultural experience, you can't beat it for its exotic food, fantastic music and friendly locals.
“In my experience, people who travel and seek out new adventures are more innovative. And, often, when innovation grows among your employees, so does your bottom line. ”
In the end, hosting your company retreat is about innovating your company's culture. When you get back to the office after a well-planned trip, expect to see better communication, increased efficiency and lower employee turnover.
Still not convinced? I'll leave you with this. In my experience, people who travel and seek out new adventures are more innovative. And, often, when innovation grows among your employees, so does your bottom line.
So it's not a question of, "Can I afford to take my team overseas?"
It's a question of, "Can I afford not to?"
xoxo,
Codie
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This article is presented for informational purposes only, is an opinion, and is not intended to recommend any investment, and is not an offer to sell or the solicitation of an offer to purchase an interest in any current or future investment vehicle managed or sponsored by Entourage Effect Capital, LLC or its affiliates. Any such solicitation of an offer to purchase an interest will be made by a definitive private placement memorandum or other offering document.
How To Actually Get The Introductions You're Asking For
Dec 27, 2017
Note: My articles often contain links to companies I invest/have stake in, or am an affiliate for, meaning we get a commission at no cost to you. I never promote anything I haven't used, or invested in, but since my tagline is to question everything, good to start here! Please see my disclosure page for more.
It’s not what you know; it’s who you know. It’s a platitude, but it's true. Our world is about who can we connect with to sell, influence or build with. Thus, when your moment comes, when you finally have the email address of (insert celebrity, influencer, business leader), you grin like a Cheshire cat. Now is your chance to secure your dream job, opportunity, interview and riches. One small step away from them, one giant leap for everyday humans everywhere.
"All influencers and leaders share one thing: a keen understanding of the extreme difficulty in building relationships, businesses, assets and success."
There's just one big problem. Successful people are inundated with one-sided asks. I get on average 25-30 asks a week. And let’s be clear, I’m nobody special. I asked my friend, a leading VC fund manager, how many she gets. It’s innumerable. I asked a friend who runs a Fortune 500 company. He gets hundreds.
"Successful people are inundated with one-sided asks.
How do we stand out from their crowded inbox?
Let me give you the inside scoop.
All influencers and leaders share one thing: a keen understanding of the extreme difficulty in building relationships, businesses, assets and success. Business building isn't for the faint of heart. Beneath the surface, we’ve all failed 100 times to succeed that one precious time.
Funny enough, something happens when you start having any sort of success. You go through the grind, you come out on the other side a bit scarred, but it doesn’t show, and like birds to bread, people come along and they want in. They want in without having to go through the obstacle course.
You get asked questions like (these are all real):
“Can you introduce me to your top clients/your sponsors/that famous person you just posted with?”
“I need a job. Can you hire me? You seem to do well.”
“Will you invest in my startup even though we have no product yet?”
“I just want to pick your brain over coffee. Do you have a few minutes?
“Will you be my mentor?”
Every time you are engaging with someone influential, your first question should be: "What is in it for them?"
I still can’t figure out what exactly it means to mentor someone.
Does that mean hand holding?
Weekly meetings? Dinner dates? I have no idea.
On one hand, I absolutely admire the guts it takes to throw out your wants. However, if you actually want to be given these items, you must understand what is involved in giving. And if you’re like me and you get these questions, you can now send them this article with a sweet note saying, “I want to help you get better at requests and getting what you want. Read below and get back to me.”
How To Get What You Want Without Being Labeled A Taker
Every time you are engaging with someone influential, your first question should be:
"What is in it for them?"
Instead of asking how can they help you, think how you can help them.
If you take one thing away from this article, let that be it.
Bad Example:
"Hello Codie, my name is ______, from Mexico. I am currently studying B.A. and Finance. I am really interested in getting the chance to work in N.Y. in trading or capital markets. Could you give me advice as I am a foreigner to achieve this goal? Thank you."
I don’t know this person. There is no context. In addition, I don’t live in New York and don’t work in trading or capital markets. Make sure you do your research on your target.
"I have a rule of thumb. I don’t ask for something until I’ve given 10 times the value of my ask to someone."
Good Example:
XXX,
I noticed that you had a new product launch on your website and hadn’t yet (insert whatever you can give according to your unique talents). So I created an explanation video for you. (you can do this on Fiverr for pennies). Also I edited this error on the website and included this article on your competition I thought would be relevant. I don't like to ask for something without giving in return.
I am a student in Mexico and really interested in your industry. You’ve built an incredible foothold in finance, I was wondering if you had one initial step, resource, book or contact you think would make sense for me to start with.
Many thanks,
XXX
Follow the 10x Rule
I have a rule of thumb.
I don’t ask for something until I’ve given 10 times the value of my ask to someone.
Every time I have broken this rule, I have been told "no" and generally embarrassed myself.
For the next 10 days, try giving something professionally daily without asking for anything.
Don’t Ask What You Can Do To Help
What can I do to help you? I have no idea. I don’t know you.
What are you good at? What do you have to offer? Are you trustworthy? Remember, it is definitely not the job of the person you are engaging with to tell you how you can help them.
This is your mission, should you choose to accept it.
Your mission is to use your intellect to truly help another. Your mission is to find solutions. Your mission is to be one of the few who does, not the many who speak. If you can do that; if you can provide real value as opposed to desire masked as value, the doors will open. I promise.
This article is presented for informational purposes only, is an opinion, and is not intended to recommend any investment, and is not an offer to sell or the solicitation of an offer to purchase an interest in any current or future investment vehicle managed or sponsored by Entourage Effect Capital, LLC or its affiliates. Any such solicitation of an offer to purchase an interest will be made by a definitive private placement memorandum or other offering document.
Your Mic Drop Moment: How To Give A Talk To Remember
Dec 14, 2017
Note: My articles often contain links to companies I invest/have stake in, or am an affiliate for, meaning we get a commission at no cost to you. I never promote anything I haven't used, or invested in, but since my tagline is to question everything, good to start here! Please see my disclosure page for more.
Your Mic Drop Moment: How to Give a Talk to Remember
EXCERPT FROM FORBES ARTICLE I wrote: On April 21, 2016, while running along Lake Michigan after having one of those days, in between the sweat and a tear or two, I decided that I had a voice and I wanted to use it. I wanted to stand on stage and move people with my words.
"I decided I wanted to speak publicly, often and powerfully. This was a new feeling for me. They say public speaking is a bigger fear than death for most people"
I've always spoken inside of my companies, but have never spoken for a living. I'm a former journalist and always had the entrepreneurial bent that led to stages. On this day, I decided I wanted to speak publicly, often and powerfully. This was a new feeling for me. They say public speaking is a bigger fear than death for most people, and I was most people.
Earlier, an industry colleague had told me it was better than some people listen and not speak. Everyone in the room knew he meant me. I was too shocked to reply as snickers resounded. While I allowed myself to wallow in it for a moment my initial feelings of hurt turned to purpose. I decided to respond with, "All right, buddy. Just you watch me."
I've been studying the language of public persuasion. For the last 515 days, I've been gathering intel on how the best of the best ensnare people with their words. I've given 83 speeches on a variety of subjects across the states and the Americas. I've made more mistakes in videos, live interviews, podcasts, radio shows, red carpets (that was an awkward one) and television shows than I’d like to admit. And I have practiced.
I've learned some beautiful things. My goal for you is that when someone dismisses you next; saying you can't, you aren't, you shouldn't, you say, "Go ahead. Just watch me." Here are my five key learnings: Your Mic Drop Moment: How To Give A Talk To Remember
"I was spending too much time perfectly writing out what to say and then alternatively not enough time practicing. This is a killer."
The No. 1 mistake I made initially was obsessing over my PowerPoint and script. I was spending too much time perfectly writing out what to say and then alternatively not enough time practicing. This is a killer. My process now is to outline the presentation, know the seed I want to plant in the audience's minds, write out the entire speech, then create a PowerPoint with pictures to trigger my memory, all as rapid-fire as possible.
I record myself giving the full presentation three-to-five times before I go live without notes. If I can't do it without messing up, I go back to practicing. Just because it's written does not mean it's deliverable. It is much better to have a scantily prepared PowerPoint than to have a scantily prepared speech.
"Keep your focus and don't allow niceties to distract you from your goal. You're there to perform; not for small talk."
Give Yourself Space Prior
Almost every expert in every industry takes time in solitude prior to performing. There is a calming factor in rituals. Think about baseball players and how they step up to the plate, hit their feet with the bat and then zone in. Rafael Nadal's tennis pre-ritual is worth a chuckle and a watch.
The moral of the story is, don't feel bad for saying, "I like to have a few minutes of solitude prior to speaking." Keep your focus and don't allow niceties to distract you from your goal. You're there to perform; not for small talk.
I don't memorize an entire speech -- ever. I layer my stories together. These are stories I have lived, read or used so many times that I could tell them in my sleep. This allows me to not only show my humanity and vulnerability, but tell a story in a way that feels like I’m talking to you in your living room, in our pajamas. I keep an Evernote of all of these snapshots of time, where just the title is a trigger for me to remember. For example, I know from these few words below where I want to go in my presentation. Can you come up with a similar list you can turn to again and again?
• The moment they told me "no" (when I was convinced to follow my "why")
• Doing the hard thing anyway (when I made my biggest, most painful life pivot)
"These days, we live in a world of 140 characters or fewer. Give the people what they want. "
Nail The Tweetable Moments
These days, we live in a world of 140 characters or fewer. Give the people what they want. What are those delicious little tidbits that your audience will hang on? Where can you insert soundbites that if they are delivered properly, absolutely send home your message? Then focus on landing those bad boys. I find that I weave the following one-liners in consistently. I believe them and I believe that the average person must hear something seven times before they remember it.
• "The few who do, not the many who speak."
• "If you do what the average person does, you will be as the average person is...average."
• "Surround yourself with those who feed your wild soul."
"The goal is akin to a movie or an Instagram scroll; you grab people’s attention through a sea of sameness."
Create Bold PowerPoints
I like PowerPoints for their visual effect and use as a trigger for my memory. However, my PowerPoints have a word or two, maybe a photo or at most one graph on them. The goal is akin to a movie or an Instagram scroll; you grab people’s attention through a sea of sameness. I rotate back and forth between using more malleable versions of the PechaKucha Method (essentially showing 20 slides each for 20 seconds) or the Lessig Method(showing simplistic slides with one word or image on them). It’s common sense but not common practice. Please don’t read off your slides, my friends.
Now go, use your voice and ensnare others with your words.
This article is presented for informational purposes only, is an opinion, and is not intended to recommend any investment, and is not an offer to sell or the solicitation of an offer to purchase an interest in any current or future investment vehicle managed or sponsored by Entourage Effect Capital, LLC or its affiliates. Any such solicitation of an offer to purchase an interest will be made by a definitive private placement memorandum or other offering document.
Jim Rogers: Investing Legend & Original Nomad
Sep 27, 2017
Note: My articles often contain links to companies I invest/have stake in, or am an affiliate for, meaning we get a commission at no cost to you. I never promote anything I haven't used, or invested in, but since my tagline is to question everything, good to start here! Please see my disclosure page for more.
A conversation with the Legendary Indiana Jones of Finance.
Best selling author, hedge fund investor, globe trotter (and a bit of my personal hero), Jim Rogers.
I believe it was Thoreau that said, “I could no more name all the books I have read and yet, all the same, they made me.” Truer words for me have never been spoken. But occasionally there comes across my hands a book that I can name and its impact reverberates through my life for years to come. One such book was by the legendary investor Jim Rogers called, “The Adventure Capitalist.” I touched its pages more than a decade ago and it shaped my life in many ways. Jim is a bit akin to the Indiana Jones of finance, he's an explorer, a pioneer and he is not afraid to go against the norm. Basically, he’s anything but your typical investor.
“If the world economy gets better, commodities are a very good place to be in... even if the world economy does not improve, commodities are still a fabulous place to be.”
— Jim Rogers, "The Adventure Capitalist"
You see Jim has a story, Jim was at the peak of his investing career in the 1970's. He was the co-founder of the industry leading Quantum Hedge Fund with one of the other most famous investors of our time, George Soros. They just had a record year of 127% return on their portfolio and 4200% return over 10 years. Not bad, eh? Then Jim did something that so few do. He left the lucrative high life of Wall Street behind, by choice. He set out to travel the world investing for himself personally in emerging market real estate, third world stock markets, and currencies, all from not a cushy seat in New York, but atop a yellow convertible. Jim decided to continue his emerging market investing spree and circumvented the globe astride a gleaming yellow convertible Mercedes, bedecked with tires able to traverse an African back road just as well as a Californian coastal freeway. This journey led to one of my favorite books of all time, “The Adventure Capitalist.” As if that wasn't enough he wanted to get even closer to the Earth so better to invest in it's trends, aka he traveled around the world astride a motorcycle. That was his book, “Investment Biker.”
“Those who cannot adjust to change will be swept aside by it. Those who recognize change and react accordingly will benefit.”
— Jim Rogers, A Gift to My Children: A Father's Lessons for Life and Investing
So you can see why I have to admit when I reached out to Jim to have him on this podcast I thought, “Well, this is a bit of a stretch, to say the least.” Then from the skyscrapers of China, where he currently resides, he responded yes. We spent an hour diving into some of the questions I’ve held close to my vest for a decade. Like how to develop contrarian ideas when the entire world disagrees, how did he get the guts to leave it all behind on Wall Street, what advice would he give to his daughters today, where is the opportunity of the future and what is a belief he holds dear that most of the world would completely disagree with him on.
I challenge you if your desire is to travel the world lucratively, invest yourself, or simply understand the inside of one of the most brilliant minds in finance, listen to what Jim has to say.
Maybe he'll change your life, just as he did mine.
Un abrazo,
Codie
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This article is presented for informational purposes only, is an opinion, and is not intended to recommend any investment, and is not an offer to sell or the solicitation of an offer to purchase an interest in any current or future investment vehicle managed or sponsored by Entourage Effect Capital, LLC or its affiliates. Any such solicitation of an offer to purchase an interest will be made by a definitive private placement memorandum or other offering document.
My Most Personal Podcast Yet: Neeta Bhushan
Sep 12, 2017
Almost a year ago I walked into a crowded cramped little cabin of a cruise ship for Summit at Sea, (think a young entrepreneurial invite only version of Davos and Burning Man all in one), and I stumbled upon a shining light of energy inside a tiny little body. That light was Neeta Bhushan.
Neeta is a best-selling author of Emotional Grit, a PhD in psychology and medicine, an international speaker renowned across Asia and India, has spoken at the likes of Google and Facebook, and is one of the key members of A-Fest (a grouping of global change makers with her life partner Ajit). She specializes in helping leaders develop emotional intelligence or as she calls it, “Emotional Grit,” as well as is in the midst of a new world speaking and event tour called Boundless.
On this podcast, Neeta and I get personal with it. You see she, like so many of us, had to go through a real trial to achieve greatness. She talks about her first marriage to an abusive spouse, to living in her car, to leaving it all behind to start afresh, to pushing past cultural norms as a self-identified “brown girl.”
We talk about how she creates a powerful relationship and success for each of them, how she travels the world while running a major business and non-profit, and the life lessons she wishes she had learned earlier. Neeta was a key trigger and drive in my life at a time that I truly needed it, I hope that you allow her to trigger you too.
“Neeta was a key trigger and drive in my life at a time that I truly needed it, I hope that you allow her to trigger you too.”
While it's hard to pick a favorite.. I did. Here is my small, succinct but if you sit on it, absolute favorite quote from Neeta:
“Is what you’re doing really worth it?”
Take a moment, put in your headphones, sit back, relax, and get ready for a ride.
Love you animals,
Codie
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How Selling Hot Dogs Led to Funding from Silicon Valley Who's Who
Aug 08, 2017
Sam Parr, CEO of The Hustle Tells His Wild Story...
"And how butterfingers are the key to happiness…"
Real talk. I haven’t laughed this hard or wanted to steal so many one liners on the podcast before. I really shouldn’t be surprised because my guest is SamParr, CEO & Founder of TheHustle.co. Sam is just about as quirky, funny, and strangely poignant as his site and newsletter.
I mean what can you expect from a dude who went from owning a hot dog company in Nashville, with commentary such as, “if you can sell meat on the street to strangers something good is going on,” to running a site with over 200k subscribers and millions of people frequenting his website.
It all started for him with HustleCon. A conference he created after he had sold one of his startups in Silicon Valley and was looking to surround himself with the smartest of the smart by hosting an event chock full of them. Maybe stimulating his next idea or two. He figured he’d lose some money, but gain a killer network. Turns out he got both. He made $60k on HustleCon, and a few years down the road they make a heck of a lot more than that and have thousands of attendees listening to hundreds of striving weirdos (my favorite types of humans).
We get into how Sam has systematically cultivated a Zero F’s attitude, the one piece of advice he gives to all salespeople, the thing he thinks we will look back on in 20 years and be amazed by, as well as what he tells himself when he is told, "No, you can't."
Spoiler: "Is it impossible according to the laws of physics? Hmm.. then watch me."
--> You can sign up for the newsletter here... and you're welcome in advance.
Love you Animals,
CODIE
To stream and subscribe on iTunes, click on the icon above, or click here. Want to hear another podcast about how to find your why and passion? — Listen to my broadcast on Girl Power Hour Radio. Here I talk about 5 steps to finding what you want and then executing.
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Learn A Language in 3 Months. Seriously.
Aug 07, 2017
Portuguese in 3 Months: Yup.
Goal: I want my nickname to be Codie the Carioca
They call people from Rio Carioca's. #funfact
So the real goal is: Portuguese Fluent (B2 level proficiency) in three months. If you think I'm crazy, you might be right. But I also am impatient and have used this same strategy with Spanish and shared it with dozens of others who have used it to gain fluency without the pain of highschool Spanish re-runs.
Timeline: 13 weeks - To small bathing suits & coconuts
Before I engage in any activity I also start with the why behind it. Let's face it big goals are hard to accomplish. It's easy to push them off and even easier to start and quit. If you don't remember why it is so important to you to learn you never well.
And then you'll wake up one day and life will have passed you by. And so will Rio.
So my why is:
Why: I want to push my mind to grow in all ways, I want to open the world of opportunities, cultural experiences, insights into local countries, get over my fear of speaking poorly, increase my brain function and retention.
Ultimately I want to be trilingual because that sounds PDR: Pretty Damn Rad.
FUN FACT FOR YOU: Every single step I have in this guide, works for every language. It's how I learned Spanish and now run an international business in Latin America in 3 months. And I have the memory of a Goldfish. If I can do it, you can too.
“It’s how I learned Spanish and now run an international business in Latin America in 3 months. And I have the memory of a Goldfish. If I can do it, you can too. ”
Daily Actions, Tasks and Resources
✓Learn most frequent words first (around 200-500) - use Anki (app) for most frequent words flashcards.
✓Cognates search and memorize - To find common words with the language you are learning, simply search for “[language name] cognates” or “[language name] English words."
✓Use italki.com and speak with another 1 hour a day.
“If you talk to a man in a language he understands, that goes to his head. If you talk to him in his own language, that goes to his heart.”
— Nelson Mandela
THIS ONE IS IMPORTANT:
✓Have a list of topics you would like to discuss and bring them up. For example: your hobbies, hopes for the future, dislikes, what you will do on your vacation, how to pick up chicks, no judgement.
IF you don't pick your topics...
They are going to make you talk about groceries and dogs and cats and things that honestly I glaze over even pondering in English. Keep it relevant, fun and keep yourself awake for the love of all the is holy.
The more fun you can make this exercise, the better. I go to a cafe that's beautiful while I learn. I treat myself to an amazing coffee and dessert. I dress up for it and meander around afterward.
It's the best part of my day. That is the secret.
My Favorite Topics:
☑︎Explain to me your country, your city, your town, your culture, what is it like?
☑︎What do you do for a living, what do you wish you did, what do you do for love/passion
☑︎What is your favorite part of Portuguese culture
☑︎Where are you from or where are you staying? So we can ahem, netflix and chill?
Você gosta de surfar?
Do you like to surf?
Free services to use:
Because why pay for things when they give them away for free?
These apps and website are game changers. I literally can't imagine why anyone goes to a traditional college for language anymore. Waste of money.
“I literally can’t imagine why anyone goes to a traditional college for language anymore. Waste of money. ”
1 - readlang.com - this website lets you read papers, articles and stories in different languages. The best part is if you don't know a word or phrase you can click on it and it will give you the translation. You can then put that phrase into a notecard to be reviewed later. 2 - memrise.com - a site that I think is better than duolingo, gives you similar exercises but they are not all rudimentary like duolingo. 3 - fluentu.com - takes real world music videos, commericals, etc and turns them into learning exercises, lets you learn REAL WORLD language skills, not old outdated phrases.
Peter Drucker says what gets measured gets managed. I believe him. So I write out my goals and then I track them on my Way of Life App.
💡 I will speak the language daily
💡 I will read study and watch Portuguese daily
💡 I will write Portuguese daily
Game Plan: (2 hours daily): That was my plan, the reality is that one hour is more reasonable for me.
🏆 One hour Italki call 5x a week
🏆 Duolingo Daily for 3 lessons.
🏆 Rotate in one additional activity daily -aka flashcards, general phrases, listen or watch movie in it (dealers choice)
🏆 Track in wayoflifeapp
Varying Actions I Can Take:
One hour italki call daily
Do Duolingo daily
Use Anki for most common words
Listen to Brazilian news, podcasts, movies etc
Learn and use most general phrases link
Use BBC, foreign service or about posts to learn
Explore the culture through activities
Commit two hours a day to Portuguese
Read the books given to me in Portuguese
Use Learn Portuguese for Spanish speakers book
Write daily Portuguese journal
How to Measure Success:
☞ Carry on a conversation with a stranger related to introduction, who am I, how is my day going, where am I from, what do I do, how do I like Brazil, and ask them the same questions. Not rocket science but if I can do that I feel comfortable in a language.
☞ Take the TOEFL exam and hit an intermediate proficiency level. This one is for you animals like me, you status quo breakers. This ain't an easy test. Good for you if you go after it.
Reward:
Sticks and carrots are very powerful tools. If I'm going to work hard at something I like to treat myself afterwards so I plan on doing just that!
🇧🇷If I follow the game plan and hit goals by my end date and I will go to carnival and dance samba on a float.🇧🇷
NO BIG DEAL... this WILL BE ME.
I'm amazed at what we all can accomplish when we set a goal, quantify it, use the resources available to us and stick it out on average for 30, 60 to 90 days.
Obrigada,
Codie
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How to Travel & Make Money?
May 31, 2017
Office chair redefined... p.s. all these clothes are thanks to PrAna. Get you some.
Getting Lost to Get Found
I have a belief that if you follow your adventure while traveling, you’ll find yourself and perhaps, make money while you do it. You see, I’m an Adventure Capitalist at heart. What is that? It’s that roaming soul who follows their adventure to create an opportunity for themselves and others. It’s the explorer who looks at the world around them and is brimming with questions. It’s the human that when they see opportunity, they seize it. I first discovered it with Jim Rogers book of the same name.
Us adventure capitalists, we’re the wanderers, the curious, the Magellan’s who don’t travel to escape but to create. But the truth is you have to be able to pay your bills while you do it.
“If you follow your adventure, you’ll find yourself and perhaps, discover a new person entirely.”
My story started years ago as a journalist along the US/Mexico border (you can view my video here) where I got lost to ultimately get found. It continued through finance and corporate America, but it accelerated the moment that I stopped playing by the rules. It took off the moment I focused on becoming a healthier, happier, well-traveled, more interesting human and applying those lessons to business and lifestyle design. That decision to be my crazy self despite the rules led me to understand finance, international business and how to make the globe my office. It led me to the belief that how I consume, create, and cultivate teams and relationships are the most important things I can ever focus upon.
You see I used to have many days spent watching the clock, getting a case of the Monday dreads on Sunday afternoon, counting the days to Friday and otherwise having steady anxiety about my job. Because I used to think that in order to be truly successful you had better bide your time, climb along with everyone else, and maybe even had to wear matching business suits. The horror.
Then one day I picked up The Four Hour Work Week, like so many other young millennials. I read it cover to cover, then I read The Hard Thing About Hard Things, then I read Man’s Search for Himself. And what happened after blending this idea of working to produce, not to log time, with how to build a company, with why it all matters, and finally with how to find yourself, led me to follow my adventure. I left my gig at Goldman Sachs at the time and started traveling for a living in the world of international investments across the Americas. I found this niche that fit me. Emerging economies that necessitated speaking Spanish, where my unique experiences created an edge, and where opportunity abounds because it is just a bit more chaotic than the U.S.
“We consume and create consciously, focusing on that intersection of passion, profit and purpose. ”
Have Passport
WILL TRAVEL... ALWAYS
So I started traveling south, almost weekly. I explored countries like Chile, Colombia, Peru, Brazil, Mexico, Panama, Argentina, and Paraguay to name a few. I was hooked. I realized how you can feasibly make the world your office, can adventure consciously, make money while traveling and then consume so much more thoughtfully.
So if you are with me, if a bit of wanderlust flows through your veins, the question becomes how do you create a life yourself that follows your adventure?
HERE ARE MY STEPS TO TRAVELING FOR A LIVING
“Us adventure capitalists, we’re the wanderers, the curious, the Magellan’s who don’t travel to escape, but to create. ”
1) When I Found the Travel Secret:
Start with WHY it matters at all.. The secret is that exploring is as crucial to our evolution beyond primates and past the unrealized 80%, as water is to a plant, or as tequila is to my personal sanity. It's a tactile education that opens your eyes, your ears, your soul to all the possibilities inherent in the world. If you can internalize the resounding belief that your adventures further your education, you are on the path.
My suggestion: Read the book Walden. Opens your eyes to the beauty of travel.
2) Your Job Title Is Not Sit At Desk All Day Associate
I want you to ask you a question; are you paid specifically to be present at your desk from 9-to-5? Is your job title, “On Location for 8 Hours Associate”? For most, I doubt it. Your job is related to what you do not how long it takes you to do it. If my team can do in 4 hours what the other teams do in 8, all the better. The rest of the time should be theirs to grow, engage and become better humans. The problem is we need to get your bosses, or if you own your own business yourself, to understand this, and set measurable goals to get the job done while not requiring your entire life be spent doing it. So can you realize that your biggest opponent is yourself? That you haven’t tried to ask the question of, HOW can I become a nomadic capitalist?
My suggestion: Go to your whiteboard. Or buy one if you don't have one. Write on there how could I travel more and earn money while doing it? Write up as many solutions as possible. See what happens when you start testing them. But be ready, once you take the red pill... you'll never go back.
Here’s a list to get you started:
Pick a company you like in the US that isn’t selling in Latin America, go set up distribution agreements there - aka Flywheel, SoulCycle, Whoop Armbands - whatever
Create an Etsy site where you buy goods in another country and sell them in US on the site
Ping the coolest boutique hotels in other countries and see if they need your skill set
Go to F500 company websites and search for foreign job postings
Create a podcast where you interview cool locations in other countries and promote to US and charge them for access to US market
3) Learn the Solo Routine:
“What do you mean you are going to Patagonia by yourself?” just about everyone questioned me. I would reiterate, “I am going by myself because I want to. I'm just heading down south and seeing where it takes me. No itinerary and probably the wrong shoes.”
To which at the end of this conversation most people say, “Be safe,” and promptly switch topics. Here's the thing I'm 30, not 22. Solo international travel is utterly questionable to most people, especially considering I have a relatively high-powered job, familial obligations and then throw on that I travel almost weekly regardless. However, the truth is, if you don't go now you just may never go.
My suggestion: Plan a solo getaway. Could be nothing more lavish than a road trip. Travel courage is a muscle, you just need to flex it.
“The man who goes alone can start today, but he who travels with another must wait till that other is ready.”
— Henry David Thoreau.
4) When the Inevitable Moment Comes SEIZE IT:
Seizing every opportunity in my life is one of the key reasons I've been successful, in a slightly less horrifyingly caricature of Jim Carey in the movie Yes Man, (where he says yes to everything). I do try to take on as many experiences as humanly possible. Carpe Diem may have become a cliché but it became one for a reason, we so very seldom do in fact seize the day. Instead, one day rolls into the next until we look back and exclaim where did the years go? In this way, we fantasize about the future and what we will do with it while putting off today what we will supposedly do tomorrow.
My suggestion: Start with waking up an hour before you normally do. Get work in early and learn to produce at level that is above those around you, freedom is given to those that produce.
Unless you're hiding a trust fund, travel may be something that seems to be for those lucky few without real responsibilities. If you are feeling like you don't have the time, the money, the opportunity, start adding by subtracting. So that means we buy less, better things. That next graphic tee you see, skip it. Invest in conscious pieces, reduce, reuse, recycle your wardrobe and your wallet.
My suggestion: Go to your closet. What in there can you sell online on ebay, etsy, craigslist? Repeat with every room in your house. Money is literally surrounding you. Start making room in your wallet and in your space to allow in the new.
I move a lot. Each time I sell as much as I can to lighten my load. I just sold all my plants for an average of $60 a plant on craigslist.
AND try a spending hiatus. I like to think of this like a juice cleanse. Before you buy anything you have to wait 24 hours to pull the trigger. It's amazing how many small dimes will accumulate.
Travel Purposefully
I travel every week. However, I cannot remember the last time I took a trip and didn't incorporate work into it. AND I love that. We aren't talking the kind of work you gouge eyes out over, we are talking playing for a living. Before I took my last two-week trip to Belize here is my list of how I maximized travel so I can do more of it (now you can too):
I reached out to every single hotel to ask for discounts. I got one at every hotel. Now more than ever.
I reached out to brands/hotels to see if they would sponsor parts of it in exchange for content.
I got up at 6am every day on vacation and worked the first two hours to fund it. Emails & coconuts baby.
Setup meetings with 3 people I found interesting and that I could potentially collaborate with in country. Email is so powerful.
I'm a points savage. I use them everywhere and accumulate thoughtfully.
My suggestion: Try some form of mixing my tactics above.
Follow your adventure.. it’ll take you where you need to go.
Love you animals,
Codie
THIS WEEK I GAVE YOU MY EXACT guide for CREATE A WEBSITE IN 24 HOURS.
Just a short few years ago Nathan Chan (@foundr) was a young 20 something fixing computers in the IT department in corporate cubicle land. Then something happened that made him say never again. A moment, and a collection of moments compounded, changed everything. Now Nathan is the CEO and Founder of the aptly named Foundr online magazine, he’s amassed millions of listeners and followers, built a business with revenues above 7 figures and as you can imagine, probably now has a dude to fix his computers.
“A moment, and a collection of moments compounded, changed everything. ”
So what’s Foundr and what’s the big deal about that? Well, as we were recording this podcast Nathan had just returned from interviewing Tony Robbins in NY. That’s kind of a like a typical Tuesday for Nathan. He’s a humble sort of bloke, so I’m sure he’s reading this and eye rolling at my pontification, however you guys tell me what you think. His first interview was with Sir Richard Branson and the cover of his magazines has been graced by names like Arianna Huffington, Gary Vaynerchuck, Marie Forleo, Daymond John, Seth Godin, Tim Ferriss just to name a few. So let’s just say he plays with some big fish.
Cool for Nathan, but how is that useful for you? On this podcast Nathan gave me the green light to ask him some questions he’d never been asked before. We dig into the moments he, just like all of us, was told NO. That he wasn’t enough, that he couldn’t, that it wasn’t impossible but for him it was. We talk about how he overcame those moments. He gives us his recipe for how to get in front of big names and absolutely what NOT to do when reaching out to just about anyone. Some of my favorite moments are at the very end where we get into where he would escape if convicted of a hideous crime, and his biggest mistakes.
I hope you have a nice adult beverage, snuggled up somewhere and ready to listen to our conversation ripe with questions not appropriate for the dinner table.
Cheers My Animals,
Codie
To stream and subscribe on iTunes, click on the icon above, or click here. Want to hear another podcast about how to find your why and passion? — Listen to my broadcast on Girl Power Hour Radio. Here I talk about 5 steps to finding what you want and then executing.
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How to Get Passive Income & Become An Expert
May 17, 2017
So Easy, Your Grandma Could Do It.
If there is one thing I could push every single person I meet to do it is this..
You can create your own website for those cost of $20 and 1 hour of your time on squarespace. Cheaper than a chipotle burrito my friends.
What is the Key You Ask?
The world is a changing. Can you remember the days when cover letters, hard copy resumes, and handshakes were the only ways people grew their networks and largely their income as a byproduct? Now LinkedIn has almost evaporated resumes, business cards are turning into twitter handles, and cover letters are absolutely replaced by short, succinct emails. Can you remember the days when people had pensions and stayed at jobs for twenty years?
Now we stay at jobs on average 2-5 years MAX.
It feels uncertain this world we live in, with change as the only constant. We all want to progress, to grow our salary, to grow our career, to grow our online business and ultimately our paycheck.
Many still think that the key to passive income is the "Rich, Dad Poor, Dad" argument of buying houses or hard assets and continuing to invest in them and live off the residual income.
But, as you well know, the average housing price is not cheap my friends. It is not easy to build a real estate empire. In fact, as James Altucher says, I'm kind of against the whole real estate game. It doesn't seem like a good idea to me to put 60-70% of my savings into one investment that actually costs me money every year, that could potentially drop in price.
There are so many easier ways to make money.
So maybe if passive income through real estate isn't as easy as it once was, we think the key to getting bigger and better jobs or promotions is using recruiters, LinkedIn, company hopping.
Here's the problem:
you could get fired
you could get sick
your company could get sick aka go away
your industry could go away
AND THEN.. your one source of income goes to NO sources of income. How much cooler if you worked at your job because you loved it and your company? As I do. Instead of because you were scared you'd be homeless?
NOT TO MENTION - if we are talking real wealth, millionaire status, a vast majority of millionaires have 3 or more sources of income..
65% of self-made millionaires had three streams of income.
45% of self-made millionaires had four streams of income.
29% of self-made millionaires had five or more streams of income
“Here’s the problem, the average millionare has more than 3 sources of income”
That is because the wealthy know a secret, the secret is that you want to pull people, income, opportunities, clients to you by being sought after, not by pushing your resume, email, business card at others. And certainly not by singularly relying on one company or job.
To be an expert means people will come to you, give you opportunities. Opportunities to invest, to interview, to network, to speak, to be on TV, to write, to be on podcasts, to increase your network. Because being an expert these days truly means: "It's not what you know, it's who knows that you know it!"
“It’s not what you know, it’s who knows that you know it?”
Let’s get technical with a few numbers for you quant minded individuals like myself, soak in these statistics:
- 94% of recruiter’s vet candidates online before hiring
- 82% of recruiters leverage candidates online brand to recruit managers
- 73% of 18-34 year olds found their last client or job online
- 61% of people with a website say they got their last client or job from it
If we don’t embrace the inevitable shift in how we communicate, how we grow our network, and how ultimately I believe we will monetize, we are leaving a monumental opportunity untouched. But if you are any normal human, becoming a renowned expert is like a game of Chicken or the Egg, we don't know how to build a following until we have a following, and to break into the realm of expertise seems um, daunting, to say the least.
BUT Codie, how do we do that?
How do we build our brand outside of our corporate spheres, or build them both simultaneously? This question is a bit akin to how does one get hired or promoted. Read more in my post here about how to market yourself online
BUT deep breath... let’s start with one small step you can do in 24 HOURS.
HOW TO create a brand for yourself on your own platform.
If you do nothing else but you go out right now I would urge you to do this.
BUILD A PERSONAL WEBSITE
Whether you are in college, high-school, in corporate America or a freelance consultant, these days you can create your own website for less than $20 and in less than 24 hours. Whether it only has your resume on it, your face and links to your social media, your mission of why you go to work each day, if you build it turns out some weirdos like us are also into it. I know guys that have grown hundreds of thousands of subscribers and gotten VC money off of a "millennial bro newsletter."
So worry less about exactly what your niche is and worry more about getting your name searchable on the airwaves. In fact Summit Series, the Millennial/Gen X who's who for entrepreneurs won't bring you in unless you are "Googleable," aka have an online presence.
I promise.. it's easy...
I will show you how I did it, and (don't tell anyone) I'm a tech moron.
I'll show you how to simply buy your domain name, throw together a pre-made beautiful website from a site like Squarespace, and update it with what you want to highlight.
Those simple steps are what led me to do basically anything interesting I’ve done in my career including red carpet interviews with Gloria Estefan, being on the Today Show, Telemundo, CNBC, FOX, Forbes and Entrepreneur, speaking at conferences in front of thousands and become a venture capital partner.
You will be the 1%. In fact, I just spoke to a bunch of students at Cornell and less than 10% of them have a personal website. And they are the 1%.
When you start putting your name out into the online universe, things will happen for you, I promise. I’ll break down how I built mine and taught innumerable others to do the same on the quick.
It’s simple, I dare you to be one of the few that does instead of the many who talk…
OK ARE YOU READY TO BUILD A WEBSITE? (Fast track to start by clicking here).
STEP 1: Pick your provider
There are tons of options, Wix, WordPress and hosting sites like HostGator, GoDaddy etc etc. I have a personal mantra which is; What if it was easy?
So that motto led me to Squarespace.. It’s $20 to buy a domain and $4 a month to host it.
Their motto is – websites, beautifully, simply designed.
It was hands down the easiest, most professional and insanely beautiful websites I could find. I truthfully only ever promote brands I use, and that I love. I was approached by almost all the sites mentioned in this article to promote theirs and turned them down.
Why? When I went to Squarespace HQ and heard their CMO (Derek Lee) explain their aesthetic and then sat down with Amory Wooden (their Head of Marketing) I absolutely got it.
Between the modern lines, industrial feel, and jaw dropping interior of their building I could see they simply breathed life beautifully simply designed.
They walk the talk. That means your website is going to make you look wayyyyy more professional than perhaps you are.
So here’s the skinny.. all in one you can have a website builder, blogging platform, hosting service, and a domain name registrar. As opposed to using multiple providers. The key for me was simplistic. With a site like WordPress you have much more flexibility but it is incredibly more complex.
I kind of think of Squarespace like an iPhone, it just works beautifully, easily and without a lot of glitches.
I think of WordPress or the other sites a bit like an Android phone, it’s more open architecture so if you are a pro or want to hire someone maybe WordPress is more for you. These two options in my humble opinion are the best ones.
I had my last businesses website on WordPress and what I loved about it was we had a developer/website manager and so he would handle the backend and it was infinitely editable. What I struggled with is that my personal website isn’t that complex to necessitate hiring someone. I wanted easy… aka Squarespace so here’s the how, now that you know the why.
How to create a website with Squarespace:
Step 1: You need a domain
(that’s just www.codiesanchez.com or whatever you want your website URL to be). Go on Squarespace website and type in the domain you would like to purchase.
When you find the domain you like, purchase it, and Congrats! It’s Yours! Was that hard?
Already have a domain? Let's move on to the next step.
Step 2: Selecting a template.
Squarespace has more beautiful, professionally designed templates than Kim K has red bottomed shoes in her closet. You can pick from a variety of categories depending on if you want a personal brand site, blog, photography journal, ecommerce site etc. Select the category that tickles your fancy with your type of website, and choose the template that makes you feel like a happy little clam.
After you find the template you like, start creating your website using Squarespace 14-day free trial (register here).
Step 3: Start filling in your website information.
Now that you’ve signed up. You will find yourself logged into a new site. Yup, two steps to you technically having a site.
On the left, you will see a navigation as below:
Step 4: Design Your Website
Now the fun begins. These navigation are the tools that make up the content of your website. Personally I like to jump around and play with this portion myself. There is very little you can do to screw it up, so I think the best way to learn is to start clicking and playing inside with changes but for you check-listers below is step by step detail.
REMEMBER - Just throw up your name, a photo and a link to your website if you are feeling overwhelmed. That is ALREADY A HUGE WIN.
Let's start by clicking at the ‘Design' button.
Here you can add your Logo and Title for your website.
After setting Logo and Title for your website, you can now set the basic information.
Go to your 'Home', then 'Settings', then choose 'Basic Information'
Here you can choose your type of website, anything from Commerce, Business, Non-Profit, to Personal.
Under the site type, you can enter the description for your website like the picture below.
Step 5: Creating Pages
Your site consists of pages in a navigation menu and additional unlinked pages. Below is how to create new pages and organize content using features like Index Pages and Folders.
For editing and adding Pages, select “Pages" from the Home menu. Click the “+” sign next to the Navigation and to the types of page you would like to create in your site.
My website is focused mainly on my speaking gigs and my blog, therefore, the top three page features we use are 'Page', 'Index', and 'Blog'. When creating a new content, you need to choose the 'Page Title', and the format that you want for your page.
Next, you need to edit your page's settings, which include Navigation Title, Description, and the URL Slug. Clicking the 'Enabled' button means you allow your page to be seen by your audiences, otherwise, you are the only person to see it.
Index Page is a page that organize content from multiple pages into a single location. Every temple's Index Page has its own design and behavior.
Adding an Index Page is like adding a page. Except that you could drag the page down to make it a part of an Index Page, or adding pages under it.
You can then open the 'Page Settings' and choose 'Media' to update a banner image for that page.
Adding as many pages as needed by clicking 'Add Page'.
If you don't want the Index Page to be shown on your home page, simply drag it down to the Second Navigation, where it says 'Not Linked'.
Blog is where I spend most of my time. Adding a Blog is like adding a page. A Blog is a folder where you can add as many blog posts as you would like to and thus have rolling content.
After designing your site, your trial page will eventually need to be upgraded.
You can upgrade the trial by purchasing Squarespace subscription here and add a custom domain. You can create as many sites as you want with a Squarespace account, however, each site has its own subscription. You can pay for your site every month or on a yearly cycle. You can upgrade your trial at anytime by selecting 'Settings' > 'Billing and Account' > 'Billing'. When you upgrade your site, your trial content will still be there.
If you want multiple people editing your site, you can send them contributor invitation by selecting 'Settings' > 'Permission' > 'Invite Contributor'
To manage your domain, you can select 'Settings' > 'Domain'. Your site has a default squarespace.com domain that was automatically generated from your first and last name when you signed up for a trial. If you want to change what appears before squarespace.com, select the domain and then edit the site ID.
You can also add a custom domain, with this, you will still see your Squarespace domain when log in your website, but your customers will only see your custom domain when you set it up as your primary one.
To set up a custom domain, you have three options:
If you have an annual plan, you can register a squarespace managed domain, and the first year is free.
If you don't have an annual plan, you can buy the domain through squarespace as well.
If you have a domain with a third-party, you can use it as well.
Step 7: Connecting Your Social Accounts and Viewing Analytics
You can increase your online presence with your social accounts.
To do this, Select 'Connected Accounts'
Then, click on “Connected Accounts" and add your social medias account like I did my below. The default icons will then appear in your headers or footers. With my template, it appears at the footers.
Another way to manage your site is through data on traffics. A new site does not have any data yet, but overtime, you can view it through 'Analytics' in your Home menu.
Step 8: Start Promoting this Bad Boy
You can promote it on your Instagram profile, here’s our guideon how to build your IG up to do just that. You can promote it on twitter as we do here. Or on Facebook as we do here.
Remember, your goal is to promote yourself as an expert. You want to build your kingdom so regardless of what happens at your company, in your industry, in life in general you yourself are sought after. That is where the power is.
First with a mental reframe... negotiating like a girl isn't solely about what you can do for yourself. It isn't a selfish act. It isn't just for the hard core aggressive types in this world. It is a necessity to get ahead and to grow as a professional. And if you are the giving type, I’ll simply say, when one rises we all rise. Focus on you and those you lead or influence. Help those around you increase their skills, ask your partner for help and use these below strategies to negotiate not only your pay but importantly your next promotion, your next business deal or even your next convo with the family.
Know this, if you don't ask for it, you probably will not receive it. And, hey - worst case, they say No. We eat No's for breakfast.
So my friend, let's earn you your seat at the table.
“Focus on you and those you lead or influence”
HERE’S THE HOW:
As an entrepreneur, business builder, corporate ladder climber I’ve had to get comfortable asking for what I want, otherwise it’s rarely given. The tough part is as women typically, we not only are uncomfortable asking for what we want, but we also must be cautious in how we ask. If I had a dime for every time I have been called aggressive, crazy, intense, or worse (but we’ll leave those out), I would have a heck of a lot of dimes. So every so often I think about my personal motto:
1) Always ask for what you want, always.
You will hands down never get what you don’t ask for. This is especially true for women and minorities. There is much research that proves that we don’t negotiate enough.
2) Assume you just might get it.
When you remove the fear from your ask, you are more thoughtful, you consider how to make it a win-win, and you are less emotional. All critical if you are going to be bellying up to the proverbial bar.
So the question becomes the how...
If you want a promotion, more money, a new client, how do you get it? And why do we HAVE to negotiate for what we want?
FIRST WHY IT IS SO IMPORTANT TO NEGOTIATE:
REASON ONE:
If we just look at salaries, it’s imperative. Linda Babcock did a study for her book Women Don’t Ask, she found that about 7% of women attempted to negotiate, while 57% of men did. That could help explain part of the wage gap. Now you might say ok so we don’t negotiate as much on average but what are the effects of that? Let’s talk numbers:
Example: Imagine two people were offered a $100,000 salary, and one negotiated an extra $7,000 and one didn’t. What is the cost for the one that got $100,000 vs the one who got $107,000? Many would say $7,000. Codie, I’m not an idiot. But that is wrong. Due to compounding, if nothing else changed and both the person who negotiated higher, and the one who didn’t, got the same raises and promotions throughout their career, something astounding happens. Thirty-five years later – the person who didn’t negotiate would have to work 8 years more to have as much at retirement as the one that did negotiate that initial $7,000.
Now, the question is: $7,000 may not be worth the risk, but how about eight years of your life?
REASON TWO:
The average wage growth in the US over the last 5 years is around – 2-2.5%. That won’t even cover your rent increase. If you don’t ask for more you almost certainly won’t achieve the financial success you want.
Have I convinced you to don your little negotiating cap?
MY TOP TEN TRICKS to NEGOTIATE LIKE A GIRL:
(Aka ask for what you want... and get it).
1. Always ask
- Nothing beats practice. Start small, negotiate with friends and family first. Then negotiate with a client, then go toe-to-toe with the boss. But with love and numbers backing you. Always.
2. Don’t come in committed to outcome
- Come with options not outcomes. Instead of saying I want X amount, consider flex work, more vacation, an assistant, a virtual assistant – get creative with your asks and make sure you earned it, and there is a mutual benefit.
3. Explain why you deserve it and know what you are asking for
- Never come and just say, “I want more money.” This rubs me the wrong way when done to me. I immediately calculate the percentage change they are asking for and say, “What are you doing to earn 35% more money?” Rarely do they have an answer and they didn’t even realize they were asking for such a big % increase. Thus, back it up with facts and numbers. Say, “I did x and y and z and my plan for the coming 6-12 months is to accomplish this and that. Given that, I think the work I am doing is worth more than I am currently making. Thus, I wanted to talk to you about a pay raise?” Then shut up. They may be telling you you’re about to get one higher than your ask.
4. No emotions or needs (needy ain't cute)
- I don’t care that you can’t afford X, or feel like you want to make Y. Make it about what you have earned, not what you want. Be proud of never accepting a cent you didn’t earn.
5. Put yourself in your bosses (or counterparties) shoes
- What are their goals and how can you align? Everyone wants more money and if you’ve ever been asked for a raise by an employee you’d know that there is only so much money to go around. How can you put yourself on the other side of the table?
6. Best book on negotiation
1. The art of war is an uncomfortable classic – it shows you the non-politically correct ways of power but knowledge is power so it is worth reading. Even if you don’t want to use these strategies (I mean they list Genghis Khan so you can imagine the strategies he used – yikes!), you will recognize when they are being used on you. Aka, you won’t get murdered in a negotiation.
7. Be likeable.. Sounds simple, huh?
- I can’t emphasis this enough, making your “opponent” like you and want to give you what you want, is worth its weight in gold. That means smile, cajole, apply to their better instincts, state the benefits to them. My go to line is this… “You can’t blame a girl for asking can ya? What kind of employee/sales person/business person would I be if I ask for the business?” BIG HUGE ENDEARING SMILE following.
8. Ask for more than what you want..
Henry Kissinger the ultimate negotiator said,“Effectiveness at the conference table depends upon overstating one’s demands.”First because the universe just may give it to you, and then because there will be flexibility on the downside.
9. Get them to say their position first
For example, if you are negotiating a salary or package with a new gig and the person asks you for what you make currently, you don’t need to answer. You can say, “'Well I'm flexible depending on how you structure compensation for the growth potential and the right company fit long term. Would you be willing to share the rough salary range you have in mind for this position?”
If they push again and ask what you make you can say, “Charles this is really not something I give out broadly… kinda like a woman never tells her age (wink wink smile), why don’t you tell me what your range is and I’ll let you know if that fits my range.”
Confidence is everything.
- The main point is don’t just shout out the $ amount you could be too low or too high. Prep for this question and know what this position is roughly worth.
10. Reluctant seller/buyer
- Remember the one who wants it less almost always wins. So even if you want this new job/client/raise so badly you would sell out your mother, you need to pretend you don’t.
- Let me give you an example, say you have a job offer you’re dying to take, you hate your current job and are about to quite anyways and make $0. Here honesty is not the best policy. Reframe your mindset, they must negotiate to get the best deal for their company and you must negotiate the best for you, so for now, no transparency.
- You can say, “I’m really happy in my current role and growing immensely. I’m always open to the right opportunity at the right company but I’m not actively looking.” Why? Remember playing hard to get with a dude? It’s the same thing, it increases your perceived value, and makes them want you more.
After I ask for what I want, I watch the others reaction. If they give in easily, I say nothing but thank you and remember that next time I better go higher. If they flinch, look uncomfortable or get angry I wait for them to speak and then I say with a big huge smile my favorite line again, “Can’t blame a girl for asking can ya? Seems we never get what we don’t ask for?” SMILE.
Can’t blame us at all.
Happy negotiating, Love you Animals!
Codie
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Become An Influencer, Go Viral, Create A Tribe
May 04, 2017
Ana Flores - CEO & Founder of WeAllGrow talks making waves in influencer land
Have you heard the word influencer more and more? Have you heard about the growing demographics in the Latino space? Do you keep hearing about the power of bloggers both for brands to leverage and for people to get $$ to post on social media about whatever tickles their little fancy? Well if any of that interests you, amigo you are in luck. This episode with CEO & Founder of WeAllGrow Latina Network, Ana Flores is all about how influencer marketing works, how she built a company around it, and what is shaking in the world of Latina’s and Latino entrepreneurs.
You see Ana knows a thing or two about how to get Insta-famous or how to make your product go viral. WeAllGrow was the first and is still the largest network of Latina influencers in the US. She was a content creator before she ran WAG, authoring the book Bilingual is Better, launching award-winning SpanglishBaby.com website, and working as a producer for major Spanish language networks. When she isn’t at the White House speaking, she’s running summits, or helping companies understand this unique market. Aka - she's a change maker and fabulous.
Some people speak, some listen and the few ACT. That is Ana.
If you want to hear about work life balance, creating a tribe, influencer marketing and understanding the Latino market, you are in luck my friends.
Some people speak, some listen and the few ACT. Ana is a member of the few.
Please enjoy this conversation with my friend and all around lady boss Ana Flores.
Cheers,
Codie
To stream and subscribe on iTunes, click on the icon above, or click here. Want to hear another podcast about how to find your why and passion? — Listen to my broadcast on Girl Power Hour Radio. Here I talk about 5 steps to finding what you want and then executing.
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Lessons from My Favorite Contrarian Entrepreneur
Apr 27, 2017
Her name is Mary & Her Motto is: Eat, Play, Crush
(You are going to like her, and her stories even more).
There are four people’s Instagram I actively follow and check, four. Mary’s is one of them. I don’t think I’ve told her that before (our little secret). Most have heard of Mary as @PaleoChef on Instagram, twitter and the web. Or you may know her as a private chef to more celebrities and athletes than I can list without being a shameless name dropper… but let’s just say if they write books, have the biggest platforms in the world, play sports, have millions of followers, are frequently on a big screen near you, she probably has cooked or coached them on Paleo. Oh and she has a Youtube Show on Mixed Makeup. NBD.
You might also know her because she’s a fudge packer. Say what? She came up with one of my favorite brands as a healthy traveler, PhatFudge, which is all organic, paleo goodness on the go. While I follow her for those reasons, my favorite part about Mary is her completely contrarian approach to business.
“While everyone is out talking about life hacking and leveraging everything from technology to personal networks, Mary mostly turns left when others go right.”
You see she has never taken a dollar of funding for her now crazily growing company. In fact, she didn’t have a credit card a month ago. Straight cash baby. While everyone is out talking about life hacking and leveraging everything from technology to personal networks, Mary mostly turns left when others go right. On this podcast, she opens up about where creativity stems from for her, how she handles moments of doubt, her transition from corporate to entrepreneur, what Paleo means to her, and everything in between.
I hope you enjoy this podcast as much as I reveled in recording it with her. Stay tuned I guarantee you'll be hearing big thangs from this lady.
***Bonus - Scroll below to see my favorite posts from Mary on Instagram. They are all time.
My Top 5 Favorite Posts from Mary:
#2
#3
#4
#5
And a bonus picture.. Because we are really really ridiculous looking and I thought you guys would like to end that way.
That's all.
Cheers my animals,
Codie
To stream and subscribe on iTunes, click on the icon above, or click here. Want to hear another podcast about how to find your why and passion? — Listen to my broadcast on Girl Power Hour Radio. Here I talk about 5 steps to finding what you want and then executing.
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Care Over Commerce: Build A Brand & A Life That Matters
Apr 20, 2017
Tim Dyer, Co-Founder & Chief Storyteller of one of Inc 500’s fastest growing companies speaks truth
Have you ever sat across from someone and just instantly known you wanted to dive deeper into the conversation. The other person literally had you hanging on every word. That was my experience the first time I met Tim Dyer and actually his brother, business partner, and twin Dave Dyer as well. Tim is the Chief Storyteller and Co-Founder of Manifesto Agency. Tim is my favorite kind of human, a status quo disrupter. He’s built his life around the power of the word, to not only sway someone, but to sway someone towards real purpose and meaning. On this podcast, you’ll see why Manifesto is on the Inc 500’s fastest growing business list, and how these two guys who started their business with no money, no clients and in a coffee shop, created the #7 fastest growing ad company in the game. If you are searching for how to define your brand, business, or self, how to tell a story and get heard, or how to build something that matters, this is the podcast for you.
I want to start this off a little differently…
I want to read you the Manifesto (what I would call the Why) that is the foundation of Tim & Dave’s company. Given the company is duly named Manifesto, it makes perfect sense…
Get ready to get goosebumps…
“We are the fearless ones. The why-nots in a world of cannots. We believe in lightning strikes.”
MANIFESTO:
We are the fearless ones. The why-nots in a world of cannots. We believe in lightning strikes.
A belief that puts insights and stories above artifice and vanity. We believe in the tin man’s heart.
Soulless brands are only meaningful when given a fleshy, beating heart.
We believe in tilting at windmills.
Sometimes the best causes are those only the dreamers, the dare-ers and the blind can see.
We believe in care over commerce. That when you give a d**mn, you’ll inspire others to do the same.
We believe in the life lived deliberately. “Most men go to their graves with their song still in them.”
We will make our finite lives and work count, each informing the other—and both be better for it. We believe in the immutable power of story and those who propel it.
We believe brands were meant to stand for more.
“We believe in the life lived deliberately. “Most men go to their graves with their song still in them.””
Some of my favorite quotes from our conversation:
On drafting off the cultural conversation. “It’s a little like walking into the middle of a street fight and putting on a pantomime show. I’d like to see that.”
"Just as much Substance as Sizzle." (Talking about Summit Conference we met at).
"We look at the triangulation of ideas. Imagine a Ven Diagram. We look for where all the parts intersect."
"Say it square and then say it with flair."
"Find people who speak truth into your life."
"Be unapologetically unafraid in taking the life pivots that speak to you."
“Your Onlyness – The one thing that you want to be known for, that unique something that only you bring.”
Framework for How They Help Brands:
If you own a company, are coming up with your own personal why, or want to align your team around one, this process is so deliciously applicable.
1) Origin: Why does your brand exist?
Did you start in a garage? Handed down from a family member? Created in an college dorm room?)
2) Ambitions: What does your organization aspire to be?
What do you hope to stand for and stand out in, in this world?
3) Attributes: Your DNA? What DNA makes up the organization?
What are your unique qualities that you bring to the table? Your onlyness.
I’ll leave you all with this…
“There is only one thing worse in the world than being talked about, and that is not being talked about.”
— Oscar Wilde
I hope you enjoy my conversation with Tim as much as I did. I have a sneaking suspicion you will.
Love You Animals,
Codie
To stream and subscribe on iTunes, click on the icon above, or click here. Want to hear another podcast about how to find your why and passion? But hen making it profitable, --> Here I talk about 5 steps to finding what you want and then executing.
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How to Make a Good First Impression — Make Yourself Unforgettable
Apr 13, 2017
Not Conforming Is What Makes You Unforgettable:
Sometimes, the things that are a part of you are what make you unforgettable. Just so we are clear. I'm a Spaniard. We like four letter words (or in this case 5 letter words). Fun fact, in Spain you'll note tv commercials for mothers cough syrup where the women says essentially F*ck I have a cold, then turns to her kids and the screen and smiles as she takes Dayquil. Swear. I cuss because one I like it, two I think there is power when used unexpectedly to shake people out of the norm, and three, because it keeps me from trying to please everyone and fit in a box. It makes me be unapologetic and show up fully. Do I use them in investment meetings or with clients? Nah. But in just about every other occasion, absolutely.
If there is one thing I'm proud of, it's that what you see is largely what you get. I try to never lie, never hide, never fake it, because it's just easier to remember being straight up. But MAN that's taken me a while. Because if you are reading this there is a battle waging between what you want to do, should do, could do and actually do. And who you want to be, should be, could be and actually are. The goal of this week's Monday Slay, is making you step into uncomfortability so you can GROW. Why? Why not just conform?
Because then you are forgettable. You will never be remembered, you will never achieve great things.
“If you don’t piss some people off you will not even be an asterisk in the lowliest of history books. Does that sound like the kind of life you want? ”
Five quick ways to be memorably you:
We don't remember the suits, we remember the turtle neck wearing weirdos. So grab your turtleneck.
1) Social pressure - Answer this question: What is something you believe deeply, truly, wholeheartedly that most people would disagree with you on? Now post that on your Instagram. More controversial the better. (Here's mine --> Click here).
2) Reach out - Send a DM, tweet, email and otherwise try to stalk down one person you secretly respect for their giving zero F's attitude. Ask them one question... When they get inundated by negativity, backlash or haters how do they find the strength to continue regardless of the pushback?
3) Follow someone who does things that make even you uncomfortable --> Ashley Longshore, Gary Vee...
4) Say No - A big thing. This week. Say No to going to see your in-laws because you don't want to, to an assignment you think doesn't make sense, to a guy who wants to talk to you, to your mother who wants to talk to you. Before you answer, pause and ask yourself do I WANT to do this, if not. Say No. Don't say why. Just say No. Powerful.
5) MAJOR KEY 'People hate you for one of three reasons. They hate themselves, they want to be you, or they see you as a threat.'
“People hate you for one of three reasons. They hate themselves, they want to be you, or they see you as a threat.”
Internalize that. So if you are liked all the time, what does that say?
Be The Person They Always Remember...
**This is a special edition post of my Monday Slay newsletter where each week I send 5 tips to help you slay the week, the month and well - life. If you want to get it weekly click here!
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How To Slay the Insta Game
Mar 22, 2017
So You Want To Be Instagram Famous?
Or maybe you just want more sales on the IG, or maybe you're just really into posting quotes and you think the world NEEDs to see your latest cat video. No shame on your game. I'm a quantitative minded human, no doubt. So when I listen to most Instagram marketing explanations of how people grew their following and there isn't a recipe. I am TICKED. I know you just kind of "fell" into your 300,000 followers but that is not that helpful or repeatable. So I compiled all the tactics I've used, that I borrowed from some of the top Instagram accounts, accelerators, app companies like SumoMe, and then just experimented with myself. My gift to all of you.
1-2 -3 INSTAFAME
Goals
Build following from 0-10000 in 4 months
Build massive email list with Instagram (5k+)
Drive massive traffic back to CSB’s website
So what exactly is this? This is a quant-based marketing plan that was responsible for taking CSB’s Instagram following of under 1000 to 15000 in less than 4 months without a team and with a spend of less than $200. If spend was higher we could 10x this. Also - I get lazy, forget to upload pictures, actually feel SM is a bit of a time suck and otherwise was a stubborn mule in the implementation of this. So if you are slightly less stubborn than a four legged cousin or a horse you will probably crush these numbers! Just saying.
Why do I care about Instagram follower count?
Because Instagram is an international distribution platform (IN YOUR HAND FOR FREE).
Let’s put it this way: It is one of the few ways you can create distribution for almost zero dollars spent. Then as you add more followers that mean more feeds my posts end up in, thus the more eyes on my website, content, and products. It's called leverage. If you use it for your personal brand, your business, h*ll your dog, you'll at least get "free" stuff out of it. Or Fido will. However, WARNING: it is actually time consuming and hard, so don't expect a two week turnaround. People hate on bloggers all the time, I've had my moments too, but let me tell you I work with a lot of them and it is insane the amount of behind the scenes grind. So gird your loins.
Here are the 5 questions that team CSB used to build traffic through Instagram:
Why is Instagram marketing important for my business?
How did I make my Instagram become a Traffic Generating Machine?
How did I grow our Instagram following rapidly?
How Do I Drive Traffic Back to CSB Website?
How did I create an automated traffic machine by converting our followers?
Question 1: Why is Instagram marketing important for my business?
Twenty eight percent of internet users use Instagram. There are 400,000,000 Instagram monthly users and they are one of the most engaged audiences in social media.
We all know that visual content works, because it collects 40x more social shares than any other form of content.
And Instagram is almost 100% visual content.
Given that over a quarter of the internet using Instagram, it is totally possible that my audiences are spending time on this social platform.
However, not every audience is on Instagram.
There are 55% of 18-29 year olds actively use Instagram, only 11% of the 50-64 age group use it. And the 65+ group is only 4%.
This means that if my target audience is under the age of 50, then I reach a large portion of them through Instagram. If they are over 50? I then focus your marketing efforts on Facebook. Tweet me @codie_sanchez if you want to see my Facebook growth plan.
Instagram Marketing also depends on the type of business I run. For example:
If I was a food blogger, chances are my audience – the people who loves food porn – is on Instagram.
If I was a clothing eCommerce store owner, my audience is on Instagram (people want to see the products they buy).
If I was a personal trainer – my audience is on Instagram (waiting for the images of me to motivate them).
Consultants, bloggers, virtual assistants, business owners, coaches, and so forth lend themselves to Instagram riches.
So where do I fall? Well I'm a podcaster, blogger, inspirer, motivational speaker, investor, and entrepreneur. Is my audience on Instagram? Yes. I get to engage screen to screen with people who turn to me for my "influence." Aka the hot term is influencer.
Question 2: How did I Make my Instagram Actually Make Me $
First, it is very important to create a plan and constantly track the progress.
I set a goal, and then work backward from that goal. You’ll see we include everything in here from Hashtags and their usage, tech tools, assumptions on growth, the day to day postings to achieve this and conversion rates to the website. Fancy terms for making sure this actually turns into $$. Otherwise what are we doing really?
Here are some guidelines:
Time frame: 90 days. Anything past 90 days is hard to quantify and map out.
Tracking: Weekly.
Growth rate: I think you can expect healthy growth rate of somewhere between 10% to 40%. CSB has a weekly traffic growth of 37% and weekly follower growth of 40%.
Follower count: Create a follower goal for yourself.
Instagram growth is exponential rather than linear. This means that it is far easier to go from 10,000 followers to 12,000 followers than it is to go from 0 followers to 2,000 followers. So smile, breathe, and go slowly.
Second, get the perfect Instagram username.
The username is our personal brand. There are two ways to do it.
1. Use your name (or a like identifier) on Instagram
2. Use your brand’s name if your brand is more identifiable than your name.
CSB uses codiesanchez because my brand: Codie Sanchez is also my name. Bet that one blew your mind. ;)
Third, nail down the perfect bio.
Your bio is the only place you can add a link. Utilize it. (I prefer a lead page to be linked so I can also grow my email list from a company like www.sumome.com or www.leadpages.com).
The perfect Instagram bio has the following elements:
1. A short, punchy description of what you do.
2. An identifier of who you do it for. And why it is so rad.
3. A strong all to action. Aka make a $100k in your footed pj's --> click here.
4. Emojis. I love Emojis. And there is evidence they catch the eye. It's science.
5. A strong, trackable bio link.
6. Bonus: Social proof.
Fourth, track your Instagram traffic
So how did I track our Instagram traffic when Instagram does not let me track it? (Actually now they do, you can convert your page to a business page on IG and they give you reporting).
Step 1: Set Up a UTM Source Code.
What is a UTM source code? It is a bunch of text you put at the end of your URL to see where your traffic is coming from. And it's super easy.
Step 3: Monitor Your Instagram Traffic in Google Analytics.
You won’t see it in your Audience Overview. You have to do a bit of digging - but don’t worry, it’s not too complicated.
First, open up Google Analytics. Then, on the left under the Reporting tab, press Behavior.
Under Behavior, expand Site Content, and then click on Landing Pages:
From there, you can search "Instagram" or any identifier you used in your UTM codes:
Then, you’ll be able to see the traffic from Instagram in your Google Analytics dashboard.
Step 4: Monitor Your Instagram Influence with Klear
The Oracle at Delphi said the most important thing one can do is Know Thyself. That is true in Instagram and social media as well. After all it is just a different way to communicate. So I use Klear to track my influence level. (There are quite a few more of these now, just google influencer marketing platforms). What get's measured gets managed, said Peter Drucker so manage that ish.
Question 3: How did I grow my Instagram following?
Here are the 5 free strategies I found:
Strategy 1: Share for Shares.
This is when you identify similar accounts that reach the audience you want to reach (and vice versa) and you both post a Call to Action post to follow the other account and they do the same. It's a great way to cross-pollinate accounts. I typically just DM them and ask if they want to do a S4S and off to the races. (If you want our step by step process for finding people and pinging them... tell me on twitter @codie_sanchez or IG on @codiesanchez and we'll create it)>
Strategy 2: Follow/Unfollow
This just works. I utilize the tool Instagress for this as it can be a time waster. You simply setup parameters and then the bot follows, comments and unfollows people for you based on similar or targeted accounts. I know, this feels kind of spammy. BUT You have to think about it this way, if your mission is to get your content in front of the broadest reach because you believe it is going to help people immensely than this is simply a tool to do that. Also - don't believe the people that say, oh I my 300k followers they just came and I like totally I dunno didn't even try it must because I am awesome. Lies.
Strategy 3: Using relevant hashtags.
I like doing my hashtags in the 2nd comment so that the hashtags won't distract my readers. Also I keep these in my notes on my iphone and simply copy and paste them each time. Use four bullets dropped down (like below) this hides your comment so it looks like this [...] as opposed to seeing 50 hashtags. DOWNLOAD my guide to see how I pick hashtags, crucial.
Strategy 4: Be strategic in your posting with a calendar.
How you do this is through using a tool like Later. It is used by over 600,000 of the largest instagram users to schedule and plan their content. With those you can pre-plan your layouts and actually see what your feed looks like with their tools. You can also be sure to capitalize on holidays, events and world news by planning your posts in advance. This allows you to operate from a place of thoughtfulness when writing and pepper in spur of the moment posts. FULL DISCLOSURE: I suck at this. I'm working on it.
Strategy 5: Leverage Larger Followings
Every time I buy a product I love, meet a human I love, am at a hotel I love, h*ll anytime I love anything I give it virtual love on my instagram. Often times these brands and people will share your love with their followers. Thus tag brands constantly, create a tribe of things and people you love and watch what happens when they repost you.
Here’s how to do it organically:
1. Engage with the users you are already following. Like the posts in your feed, leave a comment on something you like, and message the people who resonate with you. (Or better yet outsource a member of your team or use PeoplePerHour to find people in other countries at lower prices).
2. Engage with users who are following your “competition”. Simple visit your competition’s followers’ accounts, and leave a comment on their posts. This will help your new audiences know about you.
IF you don’t know who your competition is and how you stack up use FanPage Karma it will compare your competition across Facebook, Twitter, Google+, Instagram, YouTube and Pinterest. You can use it to push reports to you weekly and send alerts.
3. Engage with the people who use relevant hashtags. Look up hashtags that are relevant to your industry and engage with the posts that are under that hashtags. Ultimately this is just another way to have a conversation. No one likes getting spoken AT they want to be heard too, so apply that to your instagram convos.
BONUS: The 3 Paid Ways of Getting More Followers:
Strategy 1: Pay for big accounts to shout you out.
Yes. S4S is a free way to get more followers, if you work with accounts around a similar size as yours to make it far. But if you wanted to work with accounts that are much larger than yours, you can get them to shout you out.
This is where you pay authoritative accounts in my industry to perform a “shoutout” (expect about $5-$75+ depending on the size of the account and the volume of shoutouts you pay for). I've had mixed experience with this, it can help a lot in the beginning but experiment with it before you shell out major cash.
Strategy 2: Pay for Larger Accounts to Post a Screenshot of your account.
This is an even more effective way to get more followers because there is no mistaking these posts – the sole purpose of them is to drive followers to your account.
Expect to pay anywhere from $40 -$150 per screenshot to see 50-250 new followers or more.
Strategy 3: Pay for Ads
What I like about this option is it is one of the very few ways you can get people to follow you AND to go to your website. It is important you understand how to determine your target audience here but there is only one way to learn, Do. So go try it.
Question 4: How Do I Drive Traffic Back to My Website?
With Instagram, there are simply two things I did to drive traffic back to CSB website.
1. My Bio Link
2. Call to Action Posts.
Here’s how I do it:
With my bio link, I update the link with every new blog post.
With my call to action post, I talk about my blog post every time it goes live.
Question 5: How do I convert our followers to create an automated traffic machine?
Let’s face this: Traffic is useless if it doesn’t convert.
I don’t want our followers to visit my website once and then leave, because, there is a high chance that they won’t come back. I want my email list to grow substantially through Instagram. So, here is how I convert that traffic to grow our email list and therefore our income:
Step 1: Give my Instagram visitors an offer they can't refuse (like that Godfather reference??).
Dozens of websites are vying for their attention every day, and almost all of them are asking for their email addresses. Therefore, I need to set myself apart. So I offer them a content that they could hardly resist.
Those are:
- Entrepreneur books
- Apps and tools that everyone needs
- Monday Slay – Our 5 tips to conquer the week
- Weekly ways to do more in less time
- And lots of added snark.
Step 2: Create Opt-In Opportunities Specific To Your Instagram Followers.
This is where Welcome Mat comes from.
Essentially it scrolls down from the top as a LARGE call to action, sort of like your welcome mat at your day draws in your guests eyes. So too does this virtual version. Because Instagram is a visual platform, we decided to use a Mat with a visual component, rather than a template with a black background.
Also, instead of using a generic image, I use the image of the offer I am giving away when you click the link to purchase. See the example live here.
Click here to learn more about the Welcome Mat we use.
So my friends... if you didn't know before, now you know. I'd love to hear your stories on what works and doesn't for you. I'm not pro-scriptive, I'm into personally-scriptive. That is, find the prescription that works for you.
Love you animals,
Codie
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Don't be afraid to ask for what you want
Feb 24, 2017
You just might get it...
(Repost from My article in Business Collective)
Meet Codie Sanchez Baker, Entrepreneur, Investor and Speaker at CSB LLC
Don’t be afraid to ask for what you want – the more no’s you get, the closer you are to a yes.
International investment head, speaker, writer, entrepreneur & investor. Head of Latin American Investments for First Trust. CEO & Founder of CSB LLC. Follow her @codie_sanchez.
Who is your hero? (In business, life, or both.)
I’m a bit of a renegade at heart so I have always been a Christopher Hitchens fan (author of “Letters to A Young Contrarian”). Less because of his actual viewpoints, many of which I disagree with, but because it is such an uncomfortable position to go against the grain and he does it for a living. Every time I find myself moving with the crowd, I make myself pause and rethink my situation. I credit this practice to reading that book at a very young age. It has led me to ask the question, “How would I do it if it were easy?” Importantly, it has also taught me to hold my internal standard in everything I do, regardless of whether it is convenient or not. The old adage “If you stand for nothing, you’ll fall for anything” rings true for me.
What’s the single best piece of business advice (unorthodox tips welcome!) that helped shape who you are as an entrepreneur today, and why?
Always ask for what you want; the worst that anyone can do is say no. Asking questions, knowing what you want and pushing through the fear to ask for it has been at the center of my growth. As I continue to refine my questions, I get more of what I want. And the cycle repeats.
Surprisingly, I often learn more from the no’s than the yes’s. I think most things in life are a number’s game, so I try to collect no’s like people collect medals. Every no gets you closer to someone who will say yes. The only caveat I’ll make here is that I try to give something in every encounter I have. If all you do is ask for things from other people, you are not aligning your karma very well. So you should always ask for what you want while keeping in mind what you can do for the other person. How can you create a virtuous circle with your asks where everyone wins?
What’s the biggest mistake you ever made in your business, and what did you learn from it that others can learn from too?
My biggest mistake was thinking I had to do what everyone else was doing, that I had to fit into a box. For some reason, we’ve all agreed to the social construct of a 9-to-5 job. Why? I have no idea. Many of us do “our time” in an office building replete with padded cubicle walls and hot air balloon posters of a multi-cultural team. How bizarre when you think about it.
This idea of a 9-to-5 workday was first proposed in 1810 by the labor party. So we haven’t found a better way in 200 years? Even Henry Ford lessened his producers’ work from 12-14 hours to 8 because it increased productivity. So whatever your path, you’ve unknowingly agreed to this construct. But are you paid specifically to be present at your desk from 9 to 5? Is your job title “On Location for 8 Hours Associate”? I doubt it. Your job is related to what you do, not how long it takes you to do it.
If my team can do in four hours what other teams do in eight, all the better. The rest of the time should be theirs to grow, engage and become better humans. To go far, understand that just because everyone does it, it doesn’t mean it’s right. And you will go far much sooner than I did.
What do you do during the first hour of your business day and why?
My home is more often than not an airport or a hotel, so a set structure is challenging for me. Here’s my daily drill for when I’m not traveling:
Up at 6 a.m. every morning, I start with a cup of Pinon coffee and coconut oil that I take outside to meditate for 10 minutes and spend two minutes wrapped up in gratitude for all I have. Fully refreshed, I use the first two hours of the day for “deep work.” This means the strategic work that I have to think through, not responding to emails or calls. Then I do one or two things I REALLY do not want to do, i.e. a cold call, a difficult task, etc. so that it doesn’t hang over me all day. With my day kicked off the right way, I hop into the rest of the day.
As Peter Drucker said, “What gets measured gets managed.” I use an app called Way of Life to track how frequently I keep my morning routine. Over the past nine months, it turns out I follow this routine about 57% of the time. Next year I’d really like to up that percentage.
What’s your best financial/cash-flow related tip for entrepreneurs just getting started?
I talk my people through how to save up front and get as much as possible for free or trade. With this lack of pressure due to debt, we can take a two-step validation process through sales. First, tackle how to mine your current clients, or the people you already know, and use them as a testing ground. Secondly, and only after you have mined your personal network for real sales with dollars committed, you can go after strangers. A cold call is always harder than a warm lead. Once you have an understanding of the demand for your product, you can start spending, but it is always easier to spend more and then go back and try to save or cut costs you shouldn’t have made in the first place.
Quick: What’s ONE thing you recommend ALL aspiring or current entrepreneurs do right now to take their biz to the next level?
Take out your iPhone right now and set a reminder for every morning that says, “Is this necessary?” or “Am I being productive or just busy?” Focusing on the wrong tasks can murder your business and career. It’s not about being the most efficient person; it’s being the most effective. Instead of focusing only on the things in front of you, strategically cut out everything that isn’t necessary and you’ll be amazed by what happens. Get really comfortable with those two questions and using the word “no.” When you are asked to do something, make sure it aligns with your goals and is the BEST way you can be spending your time, not just a GOOD way.
Most entrepreneurs are type-A personalities who absolutely love a good to-do list and feeling like they accomplished a lot at the end of the day. The problem with that is you can accomplish a ton of stuff that absolutely doesn’t matter. It can be very painful to go through this process of simplification and even more painful to stick to it, but if you can, momentum will build and the big wins will drown out all of the small incremental wins you would have had with the wrong focus.
“Most entrepreneurs are type-A personalities who absolutely love a good to-do list and feeling like they accomplished a lot at the end of the day.”
What’s your definition of success? How will you know when you’ve finally “succeeded” in your business?
My definition of success is getting paid what I want, to do what I want, where I want, how I want and with the people I want. Pretty tall order, huh? But in truth that is my definition of success. It is not having $100 million in cash, or a NYT bestseller, or 50 million followers, or monuments, or power, or a Fortune 500 company, or $1 billion in company revenue. It is simply having the freedom to surround myself with the people, activities, setting and type of work that feeds my soul and allows me to give back through my unique skill set. My business is simply a mechanism to achieve those things and leave a footprint for those I can help through the skills I believe were uniquely bestowed on me.
“Success is simply having the freedom to surround myself with the people, activities, setting and type of work that feeds my soul and allows me to give back through my unique skill set.”
To stream and subscribe on iTunes, click on the icon above, or click here. Want to hear another podcast about how to find your why and passion? — Listen to my broadcast on Girl Power Hour Radio. Here I talk about 5 steps to finding what you want and then executing.
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#1 Reason You Aren't Getting What You Want.
Feb 23, 2017
#soyoucangetit
My favorite homo-sapiens,
For those of you that aren't signed up for my Monday Slay Newsletter.. Here is a sample edition!his is my rant edition.. 5 bullets, no apps, all gold.
It hurts my heart, like literally makes it feel constricted in my chest. Do you know that feeling of tightness? What hurts me? Watching people I love, hell and people I don't know, meander unhappily through life. It is the norm not the exception. So many of us have every opportunity but for some reason stuff just doesn't seem to go out way, we don't get what we want, we're unhappy, and we eventually just settle into it. Wtf. So let's pretend you already know what you want (start small). A new job, more money, a crazy kinda love, or just a new car. How to get it? First - always always always always ask for what you want. BUT that is not enough it's in how you ask.
Here's my secret to usually getting what I want or even better what I need.
Give First
Before I ever ask for something, I give. I abide by the 10x principle. I attempt to give 10x the value of anything I take. How to apply? Play the long game. Your next meeting/email with your husband, boss, potential employer bring something to them. Aka instead of... I'd like you to hire me email, do a little research on them and their company or an opportunity. If you want a gig at a salon, research their kind of ideal customer, put together a plan on how you are going to go after hipsters, with tattoos, between ages of 25-35 by partnering with a local tattoo shop in a hip neighborhood with a referral program, as well as through customer before and after client pics with mustache cutouts and props like you see at weddings, that you'll tag on your blog and Facebook with your hysterical sense of humor. You're giving the salon a solution to a growth problem. How many others do that? NONE. I'd hire that hair stylist.
“Before I ever ask for something, I give. I abide by the 10x principle. I attempt to give 10x the value of anything I take.”
Specific Asks
I'm not a big deal at all, and Even I get about 3-5 emails a day asking for help. Which I love. But if your email says, can you help me be successful, can you mentor me, can you teach me how you got to where you are. I'm calling you out. Why? It is SO not specific and all of our time is limited. Ask me instead something like, "I'm a writer I want to get published, where would you start?"
I have no idea what it means to be a mentor except to do your thinking for you. You could say I'd love to meet for coffee for 20min to get your opinion on how to better build my personal brand. I might still say no if you haven't given me something first. So better yet, come to me with an idea on how you can help me, that's how you actually get a mentor.
“Ask me instead, I’m a writer I want to get published, where would you start? I have no idea what it means to be a mentor except to do your thinking for you. ”
Get Curious
I have this magical tool that is so powerful it can do almost anything for you with one click.
Want me to share? It's called Google. (Hehe sarcasm apparent?) Before your meeting, google it. I just turned down two people who want to work on my team, why? I told them to come to me with a proposal on why I should hire them and they went to one of my team members to ask them for all the answers. Lazy and stupid. Of course, my employee is going to tell me. Surprise me with your intel, try to show me you actually want to work, don't just bother me or the person you want something from with "hey just checking in." Uh ok. Thanks? Instead send them intel they might not have. Prove your worth not your ability to pester.
“ Surprise me with your intel, try to show me you actually want to work, don’t just bother me or the person you want something from with “hey just checking in.””
Meet 1 New Person A Week
Colton (are you reading?). Nothing like calling out your bro via email. I challenged him to try to schedule a meeting with one interesting random person a week. That's how I met Gloria Estefan, the President of Spain, was on Tv for Telemundo & People, hung w/ Wimhoff and Orlando Jones, more CEOs than I can name and the list goes on. I'm not special just process oriented.
Be Brief
Finally - when opportunity strikes be the first to end the convo. Always. It's like a hot chick at the bar, leave her wanting more.
Love you animals,
Codie
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Dominate Powerpoint: Tom Jamieson Founder Slidebot
Feb 09, 2017
““Make slides that reinforce your words, not repeat them.””
— Seth Godin
As you all know I love nothing more than a super actionable breakdown from an expert in their space, not to mention I like telling the future. Well Tom Jamieson Co-founder of Slidebot kind of does just that. Slidebot is AI for powerpoints. Just imagine NEVER having to put together a powerpoint again (I kid you not I am using it right now). You see, Tom and his brother Ned have seen their fair share of presentations, think in the tens of thousands. #deathbypowerpoint
“There are 20 million powerpoint presentations created a day, I beat 19.9 million of them are awful. ”
— Tom Jamieson
So if you are looking to perfect your pitch, want to nail your next presentation or have your eye on a Ted Talk this bad boy is for you. Since I'm told most people fear #1 public speaking and #2 death.. this will be a great fear conquering activity for you.
Three Key Takeaways:
- Pictures of eyes correlate to higher retention rates
- People remember visual content 65% better than verbal content
- Facts are 20x more likely to be remembered if they are part of a story
Some of our mutual favorite powerpoint presentations nailed:
If you just want to hear his prediction that blew my mind fast forward to the end. Mind blown.
So my dears without further ado - I hope you dig this episode with Tom Jamieson of Slidebot!
www.slidebot.io
To stream and subscribe on iTunes, click on the icon above, or click here. Want to hear another podcast about how to find your why and passion? — Listen to my broadcast on Girl Power Hour Radio. Here I talk about 5 steps to finding what you want and then executing.
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A Seat At The Table Beats A Sign Outside the Building
Jan 31, 2017
All around the world we see protest, signs held aloft, voices raised, and people telling us what they stand against, but not always showing us what they stand for. Believe me I get it ...
This is me 15 years ago organizing a rally at my school. I had a rallying cry, I called the local radio station for coverage and I held a reconciliation council with our principal, after orchestrating a walkout. My poor mother and her gray hairs. I know there is extreme power in standing outside the crowd and speaking your truth.
So, this week as I watched millions of humans march across the world, I got goosebumps. I felt sad to miss seeing the signs held aloft. I went back and watched MLK’s I Have A Dream Speech and the thousands marching in solidarity for the same foundational idea so many years ago. American pride exuded from my very pores. Then this week we've all been inundated with social media commentary on both sides of the aisle.
But the problem is.. Regardless of what issues you stand behind, I believe we need more than protest.. we need progress, and I'm not sure we are getting it.
“I believe we need more than protest.. we need progress, and I’m not sure we are getting it.”
Look at the Occupy Wall Street movement, as a member of Wall Street who worked at Goldman Sachs during the crisis, I can say with some confidence that they did not truly achieve their goals. I recall them picketing outside our office in 2008. I remember looking down on them from stories above as my colleagues watched for a moment before going back to work. Whether right or wrong, they held our attention for an instant… but ultimately they were outside the building, they didn’t have a seat at our table.
Flash forward to today.. Where are those that camped across the world against the 1%? Are they working at a bank perhaps? Maybe not, but I'd wager they are banking at one.
Now their fight wasn’t mine but I see a cycle of progress-less protest repeating, and my next logical question is where will the millions who wore pink hats this week be in a year?
Obviously, pink adorned celebrity statement didn't influence an election. I doubt their protests (however eloquently re-tweetable) will influence our government. However much I love their music and art, we don’t follow their opinions for our electoral decisions. We humans don’t really like to be told what to do, by anyone. Ask your rebellious teenage children.
So whether you are a champion for women, veterans, gun rights, how do you actually enact change?
I would argue not with protest, but through the power of your purse and your paycheck. It starts with one simple question, whose kingdom are you building?
“I would argue not with protest, but through the power of your purse and your paycheck. It starts with one simple question, whose kingdom are you building? ”
Government is Powerful but Enterprise is more Powerful.
Whether you are a housewife, student, employee, or executive, you can affect massive change by targeting the lifeblood of capitalism, democracy, America and power... money.
Companies are what back candidates, companies are what allow candidates self-funding to propel to positions of power. The truth is that government is powerful but enterprise is more powerful.Cut off cashflow, redirect revenue, align assets and the power shifts. Media, social media or otherwise, is not the way. Money is the way. But how do you do so?
The average American spends $55k a year. What if we redirected IT?
US CONSUMERS BUYING POWER IS $11 TRILLION
Women drive 70-80% of consumer purchases*
Women in the US have $8-9 trillion of annual household buying power**
Women represent 47% of the US labor force
Latinos represent $1.7 trillion of annual buying power ***
Latinas are the fastest growing entrepreneurial group
Latinos are 17% of the US population
Millennials have $600 billion of buying power ****
50% of millennials want to start a company in the next 5 years
I would propose three steps to progress.
Step 1: Tell Me What You Are FOR Not AGAINST
This isn’t just for the pink hatted, this is for the military supporters, this is for the gay rights supporters, this for the women’s rights or the pro-life right supporters. My opinion is worth no more than yours in the issue you choose, but you must decide what you stand for.
What will you support?
Step 2: Whose Kingdom Are You Building?
“You by working for your company are helping to build that kingdom, make sure you believe in what you are building. Your life force is going into it, is there any more powerful force?”
Now you must ask yourself a tough question. Whose kingdom are you building? If you are willing to post on social media, to hold signs, to raise your voice in debate, are you willing to put your money where your mouth is?
We as Americans work 34.4 hours on average a week, or 1720 hours week. We are the most productive nation in the world. So when you look at the company you work for, what values do they hold? AND are they aligned with yours? Are you working for a company that sells sugar laden products when you fight for healthy eating? Or for a manager that doesn’t promote women but you are a man with daughters? Or are you an adaptive and your company won’t invest in accessible workplaces? If so, what are you willing to do about it? Whether it is quitting, pushing for change, hiring more diverse members or raising your voice, will you speak the language of power? Money.
You by working for your company are helping to build that kingdom, make sure you believe in what you are building. Your life force is going into it, is there any more powerful force?
Step 3: The Power of The Purse
“What if you decided to become conscious of where you bought? What if instead of lobbying/posting you put your trillions of spending power to work? ”
What does every company need to survive? Customers. You are the most important aspect of every company. Without users, customers, clients, they crumble. So what if you decided to become conscious of where you bought? What if instead of lobbying only you put your trillions of spending power to work? When you go to buy a coffee, which company do you go to? When you buy clothing do you buy them from an international fast fashion company or do you buy them from a made in the US company who supports veterans? What about when you invest your money, can you do it at a women owned firm? How about your car? That’s a big purchase. Who is your realtor? Just the best, or the best with purpose? What if instead of thinking of just the cost of the price tag we thought of the cost to our society.
That’s where my challenge comes in….
TAKE ACTION: 30 Day Conscious Consumer Challenge
For 30 days, can you be conscious about everything you buy. I’m going to. For the next 30 days I will try to only buy from the below types of companies. When I fail, I will be conscious of it, and I will document it...
For me I will support:
Founders I know and believe in (Support my trusted humans first)
Small businesses (Support local and non-franchise first)
Minority owned businesses w/ an emphasis on Latino’s, women and veterans
Purpose driven companies. (Support businesses that believe in more than profits)
Before you say well that would be easy..
Think about it, airlines, hotels, gas, cars, insurance, apps on our phone, technology, food, restaurants, gifts, flowers, clothes. The average American spends $55k a year. How much more is that than you could ever donate to a political cause?
“The average American spends $55k a year. How much more is that than you could ever donate to a political cause?”
If you want to join the movement of 30 Day Conscious Consumer Challenge, CLICK HERE to subscribe to updates and comment below your name and the causes you stand for. We'll be building a list of where we buy and the stories of others who are joining the movement. Also tweet or tag us on instagram (@codiesanchez) twitter (@codie_sanchez) with #Consume4Change.
Sick and Tired of Cold-calls and Emails Gone Unanswered?
Whew, then this podcast w/ Kim Orlesky - Author, Sales Savant & B*d A$$ Chicks Is For You!
As a saleswoman at heart, having @KimOrlesky on my podcast, the ultimate saleswoman, who has been able to land names on her podcast like Grant Cardone, Guy Kawasaki, Nathan Chan was like unleashing a nerdy teenager at a Comic festival. Kim has made a living out of teaching others, particularly entrepreneurs, how to take their ideas and turn it into actual cash flow. You see the funny thing that most business people realize after they get out of marketing classes and into the game of marketing, is that nothing really sells itself. As I've said before if you build it, they will not come. You have to go find them and drag them in despite themselves. Consumers are drowning in a sea of choice and confusion. As a salesperson or a business owner, understanding how to create a sales pipeline, which CRM (client relationship management) software is best, how to define the right prospects, how to create a sales funnel, or when to take No as a No and walk away, is akin to finding the holy grail.
Because as my favorite CEO says, without sales there is nothing. Without sales there are no taxes for accountants to account on, no legal work for legal to attorney away for, no administration for administrators to, well you get the deal. First you get the sales, then you get the lifeblood pumping through the organization. Enough from me, let's hear it from the Master Kim Orlesky on straight closing.
In the podcast, we talk about:
1. Her favorite sales funnels and how to close the deals that matter
2. How to sell anyone on anything
3. The easiest mistakes to avoid as a salesperson that you never thought of
4. The one thing you can do now, to increase your sales
“If we use the prospect’s personal belief, and tie it into where they want to be: that ideal state or how much better their life will be when they purchase your product or service, you will be able to capture the prospect’s attention better.”
To stream and subscribe on iTunes, click on the icon above, or click here. Want to hear another podcast about how to find your why and passion? But hen making it profitable, --> Here I talk about 5 steps to finding what you want and then executing.
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Turn Your Story Into Profits & Purpose
Jan 05, 2017
You Have A Story, You Have A Purpose, Let's Share It...
By Codie Sanchez Baker
How to let the moments that created you drive you forward...
I remember the moment it all changed for me, when I realized that life is too short to live small and that we each have a unique skill we were meant to share with the world.
“Life is too short to live small.”
It's scary to share who you are, why you do what you do, and add in those moments you aren't so proud of, but that shaped you. There's a unique blend of not wanting to be ego driven in declaring yourself and also wanting to hold yourself accountable to holding your standard high by doing just that, declaring yourself.
There is also the real acknowledgement that am I at the top of the summit? H*ll no! Am I saying I'm something great and amazing, ummm negative. What I am saying is that I wouldn't switch my life for any other, and I'm d*mn curious to see where it leads. The beauty of that is, I'm nothing special but I'm living a life that I love. Are there problems? YES! But when it comes to business, my journey to weave together passion + profits + purpose, I'm a pretty happy camper. The beauty is, if I can do any of this, I don't know a human that cannot.
“The beauty is, if I can do any of this, I don’t know a human that cannot.”
I remember my moment… before any of my money, success, travel or titles.. I was a journalist. I traveled in Mexico, writing about the brutal mutilation of women in Juarez, to narcos in Tijuana, to rape centers in Agua Prieta. It was heavy stuff to see as a 20 year old, and the last story I wrote changed my life. From there, I realized I can't live a common life no matter how humble my beginnings.
You see my secret is, I’m nothing special.
“You see my secret is, I’m nothing special.”
I’m a public school kid, before I went to Georgetown and Goldman Sachs, before I ran a multi-million dollar company, before I was an investor closing my first big deal, and before I traveled the world speaking and consulting at age 30, I didn’t come from money. My father is from immigrants and didn’t go to college, and my mom is a 30-year special education teacher. I had to think long and hard about how you make change without power. I've spent the last years like the investigative journalist I was, documenting every step of my climb through Corporate America and Finance. I’ve interviewed hundreds of execs, psychologists, leaders, and change makers, seeking out those at the highest pinnacles to learn their ways. Now I share with you because, my why is to bring more humans like you, who want to make an impact, into the epi-centers of power, and money.
Here's my story.. I'm curious to hear yours.. I'm curious to start talking about moments. The moments that defined your life, that led you to drive more. What was your MOMENT? And did you follow it?
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My Go-To Restaurant Guide for Mexico City
Jan 03, 2017
My FAVORITE Foodie City...
Picturing..
TACOS, CHILAQUILES, ENCHILADAS OH MY
THIS IS MY POST SAYING, GO DO BUSINESS IN MEXICO.
Find an excuse to get to know the culture, the people and the food. And do it quick.
I have a love affair with Mexico City... (otherwise known as DF) but don't tell my man. It's just between the warm and welcoming people, the incredible museums, amazing shopping and the to-die-for food, it's a hidden gem of a city. And, because I'm in finance, with the peso devaluation vs the dollar and the American mentality of it being dangerous it's hugely undervalued IMHO.
But I'll be honest I don't mind it staying hidden so I get to explore it all for a STEAL!
Leave comments and tell me if you want more particulars and I'll hammer out a hotel/activity guide too but only if you beautiful souls want it!
I've played and worked in Latin America for almost ten years now and somehow walking the streets of Polanco, La Condesa, Roma, it always brings me home. I've included below some of my favorite spots of all time to nosh on lovely edibles while in the city. Since I'm usually there for work I included a lot of upscale places because come on guys, you've eaten so many tacos I literally just can't handle it.
Let me just say that Chilaquiles for breakfast is a need not a want. Pair it with a concha and you can call and thank me, or better yet bring me back a Concha and I'll love you forever.
“Let me just say that Chilaquiles for breakfast is a need not a want. ”
Enjoy eating your way through this city.... oohhhhh you are in for a treat!
UN ABRAZO FUERTE!
Codie
Bosques
Means trees or forest in Spanish. It's the cool part of town that runs in the middle filled with, you guessed it, trees. These are two of my favorites there. You may or may not get to this part of town, if not don't stress, the next spot is the do or die.
Savannah - $$$$ - Calle Bosque de Duraznos 39, Mexico City 11700, Mexico +52 55 5442 8235. International. Impeccable. Ample carte of wines. Cozy. Elegant. BYOB available.
Puntarena -$$$$ - Vasca de Quiroga 3800 | Centro Santa Fe, Mexico City 05348, Mexico +52 55 2167 8402. Seafood. Fresh gourmet-style cuisine. Staff speaks English.
Condesa/Roma
If I lived in Mexico City it would be this part of town, no doubt. It reminds me of the best parts of Brooklyn and Soho all wrapped into one deliciously old-world present. No high rises are allowed, the streets are lined with bars and restaurants and the people are just way too d*mn hip. Bohemian hipster paradise, no doubt about it.
Pendulo Library & Cafe - Listed as one of the best libraries in the world I secretly love their cafecitos and people watching.
Dulcinea - $$-$$$ - Calle Tabasco 46 | Roma Norte, Mexico City 06700, Mexico +52 55 9688 6595. Contemporary. Relaxed and stylish. Cocktails are very original.
Mercado Roma - Calling all Hipsters. This is your homeland. The hipster version of a market with the best of the best vendors, seating areas and alcoves. The vibe is perfection.
You have a waxed moustache and talk in the theoretical? Mercado Roma is for you and your suspenders my friend.
“Calling all Hipsters. This is your homeland. The hipster version of a market with the best of the best vendors, seating areas, and alcoves. The vibe is perfection.”
Blanco Colima - $$$$ -Calle Colima 168 | Roma Norte, Mexico City 06700, Mexico +52 55 5511 7527. International, Contemporary, Vegan Friendly. Savory dishes. Famous for Carajillo, Foi Grass.
Cedron $$-$$$ -Avenida Mazatlan 24, Condesa | Esquina Juan de la Barrera, Mexico City 06140, Mexico +52 55 2155 6403. Mediterranean, European, Contemporary. First class. Outstanding ambience. Cozy and gorgeous. Artisan & healthy (You add your own salt).
Mero Toro - $$$$ - 204 Amsterdam Ave. | Colonia Condesa, Mexico City, Mexico. Mexican, Latin, Seafood. Chic and cool. Staff speaks English. Top quality.
La Taba - $$-$$$- Av. Insurgentes Sur No. 1605 I-11, Col, San Jose Insurgentes, Mexico City, Mexico. Argentinean. Melt-in-your-mouth prime rib. Known for its beef fondue.
“Have you really lived if you haven’t had a Mezcal in Mexico City?”
Huset -$$-$$$ -Colima #256, Mexico City 06700, Mexico +52 55 5511 6767. Barbecue, Grill. 100% Wood-fired-oven cooked meals. Avocado pizza is a favorite. Unique cocktails.
Mia Domenicca - $$ - $$$ - Calle Durango 279, Mexico City 06700. Mediterranean. Suitable atmosphere to conduct business. Italian inspired dishes with a Mexican pizzaz.
Rosetta - $$$$ -Calle Colima 166 | Del. Cuauhtemoc, Mexico City 06700, Mexico +52 55 5533 7804. Italian. Vegan Option.
¡Viva México!
Polanco
Polance is like your stylish, European influenced neighbor, who has been to Spain but loves France and can dance salsa. Well, I don't have neighbors like that but if I did I would nickname them Polanco. It's the poshest part of the city and one of my favorite parts to stroll in.
Bistró Chapultepec - $$ - $$$ - Calle Lago Mayor S/N - 1era Sec. Chapultepec. Mexican. Short seating waiting period. Relaxed atmosphere. Great lakeview.
Bistro Chapultepec... Ok so you'll butcher the name but the views are worth the embarrasment.
Biko - $$$$ - Presidente Mazarik 407 Polanco, Mexico City, Mexico. Spanish/Mexican. Elegant. Contemporary. Stylish.
Dulce Patria -They are super fancy here but if you are feeling fancy, looking fancy and looking for other fancy folk, this is your crew. $$$$ - Anatole France 100 | Col. Polanco, Mexico City, Mexico. Mexican/Latin. Artisan cuisine. Famous for Nogada Stuffed Poblano Peppers. Fantastic and delicate.
“They are super fancy here but if you are feeling fancy, looking fancy and looking for other fancy folk, this is your crew.”
La Buena Barra - Gin is big in Mexico, I don't know why that is not my drink of choice but this place makes it tasty. Also - eat on the roof. You're welcome. $$$$ -Calle Aristoteles 124 Piso 3, Mexico City 11550, Mexico. Mexican/Latin. Everyone’s Gin Cart rave. Roof garden.
Prosecco Polanco - Plus guess what drink here is awesome, yup, the bubbly. $$ - $$$ -Calle Virgilio 7 | Polanco III Sección, Mexico City 11540, Mexico. Italian. Cozy & contemporary. Exotic flavors.
Pujol - IF YOU HAVE ONE SPLURGE THIS IS IT. I mean have you seen his Chef's Table episode. He's not a chef, he's an artist. The food shows it. You will not regret the price point, queridos. $$$$- Tennyson 133 | Polanco, Mexico City 11560, Mexico. Mexican/Latin/ Fusion. Internationally renowned Chef Enrique Olvera. One of the world’s best restaurants. Book at least within two months in advance.
“IF YOU HAVE ONE SPLURGE THIS IS IT. I mean have you seen his Chef’s Table episode? He’s not a chef, he’s an artist. Run, don’t walk there.”
Quintonil - Another place that gets me salivating like a dog on a bone. $$$$- Newton 55 | Polanco, Mexico City 11560, Mexico. Mexican/Latin. Not your average restaurant experience. An explosion of flavors.
Sylvestre - I love the feel of this place, food is amazing but the restaurant itself is a slice of bohemian heaven. $$$$ - Calle Anatole France 74, Mexico City 11550, Mexico. International. Amazing ambience. The staff is extremely attentive.
Reforma
This is the main drag of the city, think of it like the artery to the heart. It's where all the commerce is, all the protests are, and leads straight to the Zocalo where the Presidential Palace is. If you are in Mexico for work, this is where I stay. Also - great running paths up and down it.
J&G Grill - This is my home away from home in Mexico City. It's in the St. Regis so if you aren't looking for a chain this is not your jam, but I sit here and work for hours. $$$$ -Paseo de la Reforma 439 Hotel The St. Regis, Mexico City, Mexico. Top notch service. Famous for Avocado Pizza.
Cantina La Piedra - They get a little wild here, and I like it. But in a classy way, because I'm a lady. $$-$$$ -Calle Aristoteles Esq. Masaryk 124 | Esquina Masaryk, Mexico City 11550, Mexico. Mexican Bar/Pub. Excellent service and very (ahem) lively atmosphere.
“They get a little wild here, and I like it. But in a classy way, because I’m a lady. ”
Contramar - Did anyone say ceviche. Oh no, my mouth was full of it, so I didn't say it, I just ate it all. $$ -$$$ -Calle Durango 200, Mexico City 06700, Mexico. Mexican/Seafood. Relaxed and informal atmosphere. Nouvelle seafood cuisine.
San Angel
You probably are not going to find yourself in the south of the city (unless you go to a bullfight or soccer match, but if you do this is my go to spot there. Multi-layered, feels like a modern jungle inspired open air mansion.
SUD 777 -$$$$ -Avenida de La Luz 777, Mexico City 01900, Mexico. Mexican/International. Great atmosphere, gourmet cuisine, perfect wine pairing, fantastic sites all in one place.
SUD777, doesn't suck huh?
All in all my friends, my goal here is that you step outside the taco joints and taste a little more of the metropolitan Mexico. You will be surprised at what you find.
Adelante,
Codie
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“...She saw children being sold into slavery in Cambodia and she said enough...”
It all started with a little girl named Nomi. This little girl had been through things one can hardly imagine halfway across the world. Thankfully she met Diana Mao and Diana instead of continuing on her lucrative and successful track as a consultant became the President and Co-Founder of Nomi Network. She saw children being sold into slavery in Cambodia and she said enough. What does that mean? Well Diana is a modern day gladiator. She’s an abolitionist whose mission is to ensure the complete end of human trafficking in her lifetime. This small of frame, but not of mind, human rights champion and I talk about:
The moment her life changed
How she manages international teams across multiple countries
All while contributing to Reuters, HuffPost
Also being a Presidential Leadership Scholar
How to create a non-profit in a way that makes an impact and is sustainable.
What makes a successful partnership
How to handle international crises.
Her story is the kind that gives you chills. AND inspires you to do more.
“She’s an abolitionist whose mission is to ensure the complete end of human trafficking in her lifetime. ”
I dare you to read their origin story and not be inspired…
“Nomi Network’s namesake is an eight-year-old survivor of sex trafficking who now lives in a supportive partner shelter in Cambodia. Co-founders Diana Mao and Alissa Moore first met Nomi on a visit in 2008. As a child living in a rural village, Nomi was sexually abused by multiple perpetrators and was treated worse than an animal. She has physical scars, but also emotional scars from her abuse which will pose major challenges to her living independently and reintegrate back into society. Nevertheless, Nomi has grown into a beautiful young woman, with a warmth that’s contagious and a generous heart. It was through her friendship and resilience that we realized that she did not have to be defined by her past, but that she could be defined by her future. Nomi Network exists so that survivors will be able to say with confidence, know me, know my story, know my success.”
“Nomi Network exists so that survivors will be able to say with confidence, know me, know my story, know my success.”
So if you are searching for meaning, impact, a life to help or a change to make this is the episode for you.
So without further ado please enjoy my conversation with Diana Mao.
To stream and subscribe on iTunes, click on the icon above, or click here. Want to hear another podcast about how to find your why and passion? — Listen to my broadcast on Girl Power Hour Radio. Here I talk about 5 steps to finding what you want and then executing.
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Should I Go to Business School?
Dec 26, 2016
To MBA or Not to MBA: That Is The Question
By Codie Sanchez Baker
Do you know as Millennials we are the most educated generation? There are about 75 million of us, and 63% have a Bachelor's degree.* That's 47 million people with college degrees. That means in the US we have more millennials with college degrees, than we do people below the poverty line (43 million in US live below that line). Pretty cool progress, huh? Contrast that with this stat, 51% of Millennials say they want to own a business in the next 5 years. Sooo a cool 38 million more business owners coming our way. Are you one of those?
“In the US we have more millennials with college degrees, than we do people below the poverty line.”
If you are, you may be asking what my friend Reza asked me. He is a successful OR doctor and wants to open up an Urgent Care and provide better healthcare in Hawaii. He's just one of the good guys. But he was pretty honest in saying he'd never studied business. So his question, "Should I go get an MBA to learn business before launching?" My initial response was pretty intense and immediate, but then I held back and I said to myself, let's take a poll. Little experiment, shall we? So I sent this text out to my most respected business owners, major titans in their industries, successful leaders, Private Equity managers, and Venture Capital professionals. My bottom-line entry point was I only asked people who have multi-million revenue businesses or make over a million a year. I know everyone has an opinion but I'm only interested in the ones that have killed it.
Here's what the killers have to say:
Out of the business people I asked, want to be blown away on one stat in particular? Only one of them said they think business school is worth it, instead of getting the experience through actually building businesses. (Now I caveat that with I have multiple friends who said business school is a a yes too via a Facebook post here so see the flip side of the coin).
“Only one of them said they think business school is worth it, instead of getting the experience through actually building businesses. ”
René has been an entrepreneur for nearly two decades, having built three multi-million dollar businesses. He's an investor, CEO of a media company and an investment fund, speaker, writer, philanthropist, and cancer survivor.
Patrick Barnhill is the founder and co-owner of Specialist ID, Inc, a leading brand/distributor of photo ID badge accessories. Specialist ID was named the #8 fastest growing company in Miami and #1,686 on the INC 5000 in 2015.
Wendee has her hands in multiple pots, she's part of the opening up of telecom in Mexico, has real estate holdings, runs franchises in the sweets department and helps other entrepreneurs achieve financial freedom through business.
Brian Gallary - International investment business builder
Heads Business Consulting Group at First Trust, Formerly ran and built some of the largest asset managers domestic and international businesses.
Nely Galan - Former President of Telemundo, Media Tycoon, Former Trump Apprentice
Patrick Daniel - Harvard grad, author, tech entrepreneur
A Serial Entrepreneur who graduated from Harvard, and LSE, has a blog, written a book, created an online community called Junto, studied method acting, and is one of those beautiful brains I love to run ideas by.
But first... Do you know that if you dropped in a human from a hundred years ago to today, they would not recognize just about anything we do. From transportation, to communication, to infrastructure, it has all evolved at lightspeed pace. BUT, place that same person in a classroom today and in a classroom 100 years ago and guess what? Sh*t looks just about the same. Teacher lecturing up at the front, some sort of screen to write or project on, and students sitting like children around the campfire in front of said teacher. That model is just BEGGING to be turned on it's head. So ya, I'm with the doubters. I'm with the renegades who say if you are going to educate us Universities you better have teachers that have actually built something besides a research paper none of us want to read. I've been lucky to go to one I found huge value in (Georgetown) and partner with another SMU, who both have entrepreneurs as a major part of the equation but most schools, well they just don't.
“I’m with the renegades who say if you are going to educate us, universities, you better have teachers that have actually built something besides a research paper none of us want to read. ”
Now before you start yelling at me as a hypocritical blasphemer of education... think about the actual cost of an MBA. "$80,000 for tuition, $40,000 boarding and books, $20,000 peripheral expenditures brings the total MBA cost to around $140,000, while the lost income brings the tab to a whopping $260,000." according to Investopedia.
That isn't any chump change. Considering only about 8-10% of individuals in the US make over $100k a year. That's about 32 million people. So you need to be in the top 10% to even start making up for the cost of an MBA.
“Considering only about 8-10% of individuals in the US make over $100k a year. That’s about 32 million people. So you need to be in the top 10% to make up for the cost of an MBA. ”
here's what you need to ask yourself before packing your backpack:
Why are you doing it?
If you are doing it to build a better business, I'd say you are doing it wrong. It's not that I don't believe in the power of an MBA or advanced degree, I LOVE to learn. I love being around people who are learning. I LOVE college campuses. I think if you can afford it and you are going in order to pursue learning, engage with interesting humans and say that you have a degree from XYZ on your resume than you should absolutely go to school. However, people, hermanos, amigos, do you think if you had $260,000.00 to spend on your startup and learning how to build a business by doing it, you might learn more than if you spent $260,000.00 learning business theory? People learn best by doing, not reading about doing. Think about if you read a million books on basketball, would you be Michael Jordan when you eventually picked up the basketball? Nah, sorry. You'd know all the technicalities of playing basketball while you shot airballs just like yours truly.
“If you read a million books on basketball, would you be Michael Jordan when you eventually picked up the ball? Nah, sorry. You’d know all the technicalities of playing basketball, while you shot airballs just like yours truly. ”
Can you offset the costs with money from your employer or the government?
If you can go for almost nothing through grants, scholarships, your corporation paying for it while you work (as I did), then I think it's a no brainer. The time, in my opinion, to go to business school is while you are working a 9 to 5. You can learn, on your company's dime, still make money and give back to your company by applying those theories. They benefit because you stay longer and you benefit by learning. Want to hear more about getting it for free?... Get my guide here.
Does your industry necessitate it?
If you are in an industry like mine, finance, where your degree is a door opener and almost a requisite, then an MBA may be a no brainer. If you plan on working in the corporate realm, it's also probably worth it. MBA's have the highest earning potential on average of any group and the lowest unemployment.*** However let me be crystal clear, if you are an entrepreneur, it's not only not necessary, it's you listening to your ego. You want to be able to say I went here and thus I am smart, educated, and worth it. I get it, I want that too. But here's the rub, that won't help your business succeed. #toughlove
Can you get into an Ivy League?
If you can get into an Ivy or a near Ivy, your network and your resume will make it worth it. Having Yale, Harvard, Stanford, Georgetown, Columbia, etc just open doors. Whether it opens VC doors, funding doors, networking doors, that in of itself will make life easier for you, just as being born with a trust fund does. Not fair, and doesn't necessarily mean you are going to succeed, it's just an instant respect factor.
Who are your teachers?
Less than where your school sits on the ranking list, ask them who is going to be teaching you. What are their backgrounds? Are they all academic? Have they built anything before? Which graduates of theirs have built businesses and can you speak to them? Interview these schools just like you would a new hire.
“Interview these schools just like you would a new hire.”
Because in fact for $260,000 you are hiring perhaps your most expensive new hire to date.
TV Star, Angel Investor, Fashion Mogul and Entrepreneur Dishes His Story
If you’ve watched Lebron James, TV show Cleveland Hustles, if you are a fashion or streetwear savant, or if you play in the realm of angel investing then you probably know my friend, Kumar Arora. If you don’t know him I loved this quote from Inside business magazine on him, “Kumar Arora is cool..” They have a point. He hosts parties at hidden gems through his Black Rose Entertainment. He is a co-owner of the popular streetwear brand Ilthy, and also owns Sunglass brand Rogue eyewear which really lives up to it’s name and is doing some pioneering work with stone glasses.
So if you see Kumar today, with companies that have millions in revenue a year, launching new products constantly, on TV and sites like Inc and Inside Biz, you might not realize that he’s had to grind just like all of us. Some of my favorite parts of this interview are him talking about how he (like many of us in 2008) couldn’t find a gig and so his counselor told him to go make one. And he made multiple.
How he analyzes a company in a way I’ve never heard any other investor contemplate, how he sets small goals which snowball into large ones, and how he systematically created his own empire based solely on the things and people he loves. Also pay attention to the part on the question he always asks in meetings, and the best way he’s ever been pitched for anything. If you are looking for seed money, a mentor, or just how to get more of what you want there are some nuggets here.
Get your popcorn ready.. and your notebook and pen out, or get with the 21st century and open your evernote file, because this guy spits some sage wisdom at us.
Some of the questions we dug into:
Your origin story…. What made you the man you are today, serial entrepreneur, angel investor, founder with companies that rev over $8mm annually, in numerous startups tv star on Cleveland hustles?
When did you decide you wanted to build a company as opposed to be a part of a company?
What drive keeps you going when you are burning the candle on both ends flying back and forth from LA to Cleveland, grinding on your businesses and your brand?
I’ve been struggling lately with the balance of promotion vs. creation? What do you do to balance the two?
What is the one thing you believe wholeheartedly that almost no one agrees with you on?
What are you most excited about that you are working on currently? (Spoiler alert it's a kickstarter campaign for epic sunglasses!).
Hope you enjoy our chat below as much as I did!!
To stream and subscribe on iTunes, click on the icon above, or click here. Want to hear another podcast about how to find your why and passion? — Listen to my broadcast on Girl Power Hour Radio. Here I talk about 5 steps to finding what you want and then executing.
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You Don't Need A Loan, You Don't Need to Crowdfund, Here's What You Do Need...
What has had the biggest impact on my personal growth? Was it an Ivy league MBA? Was it a promotion? Was it a mentor/sponsorship? No, it was starting my own business. Don’t believe me? Let’s talk about why to start a side business, why you should, and why I am NOT telling you to quit your day job now, or maybe ever.
When you have a window open and you open another one, do you have to shut the first? No. You open another window to increase your airflow. Think of your side business like creating a wind tunnel that flows opportunities to you and your business.
I used to get asked all the time, “How do I travel so much for my corporate job, as I head an investment distribution team in Latin America?” Then I got asked, “Why would I start ThreadsRefined while doing said high-intensity job?” Now I get complete bafflement with, “Why am I crazy enough to start a podcast, blog and business centered on helping others lifestyle design while doing all the above?” Then of course after those three questions comes the doozy, “So are you going to quit your investment business and focus on the others?” To make sure I don’t have a bunch of you running out and quitting let’s start with why to do it on the side, then we’ll get into how it helps your current job.
Let's draw a parallel. I work out a lot. I started off doing lots of HIIT classes, then ran, then weight lifted, then yoga, then crossfit and finally boxing. I’m certainly no fitness model by a LONG stretch (my friend Amy is if you want to see a real BABE join her 100k followers @fitamysuzanne), but I can safely say I am in the best shape of my life and feel better than I ever have. So which method got me there? Here’s the secret, all of them. I do weightlifting 2-3 times a week, every Wednesday I box, I run 2 times a week, and I do yoga once a week. Why don’t I pick just one? With the change in workouts, I keep my body on its toes, I don’t get bored, and each activity I do serves a different purpose. Yoga is for my mental sanity, as well as long, lean and flexible muscles. Weight lifting is also a type of meditation for me, as well as strengthens me so my lower back never hurts on long flights, and I am down to 10% body fat. Boxing is a finger blast, plus incredible cardio and endurance training. Not to mention I firmly believe we all need to hit something every once in a while. What does this have to do with starting a side business while working?
“Not to mention I firmly believe we all need to hit something every once in a while. ”
Well, as I add new routines to my workout regime does that mean I quit the former? No. The point is to use what you do with your life to become a better version of yourself every single day. The goal in everything I do is to stretch myself, make myself feel uncomfortable, be the least in the room, lest my ego get me thinking that I know it all and get complacent. My business as a life and as business hacking strategist at CodieSanchez.com insures that I don’t stagnate in my investment position. ThreadsRefined teaches me how to tell a visual story through clothes and allows me to play, since regulators don’t like much story telling or playtime when it comes to investment marketing. That's the reason why I don’t ever talk about anything related to finance or investing on this site. Suzie Orman I am not.
“The goal in everything I do is to stretch myself, make myself feel uncomfortable, be the least in the room, lest my ego get me thinking that I know it all and get complacent. ”
So how does this relate to you?
Let me give you an example of how you starting a completely unrelated side venture can help what you are working on currently, not to mention stimulate you mentally, make you more productive and a sought after dinner guest...
I just got off a phone call with the CIO of a rather large international investment company in Latin America. This guy literally never ever EVER picks up his phone and he told me he gets calls and emails from over 100 solicitors a day. Want to know why we talked for 45 minutes? Even better, want to know why he purposefully picked up his phone and called me, when I am the salesperson and it should be the other way around? Through The Struggle Isn’t Real podcast, I started using a service called Calendly, which helps you schedule your day without the back and forth pain associated with meeting scheduling. (Click here to register for my newsletter where I give these types of ideas). I mentioned it to him in an email back and forth we were having. Then ring ring. I spent 45 minutes explaining it to him and then he requested his secretary jump on for a quick tutorial in how to use it, how to implement it, and a few other life hacks that are going to save him mountains of time. At the end, wouldn’t you know I got a meeting request from him using Calendly? Do you think that guy is going to take my next call? H*ll yes. Do you think he is going to consider me instead of those other 100 solicitors? If it is true that we do business with people we like, and I would add those that are interesting and useful, I’ve just gained a client for life.
“If it is true that we do business with people we like, and I would add those that are interesting and useful, I’ve just gained a client for life.”
So if you are currently working in a 9-5, consider turning your passion, your hobby, something you are curious about, into a side gig. Here’s one way to start. One of my favorite mentors in business is Stacey Duran, she went from hedge fund sales in private jets around the world at 25, to hiking Kilimanjaro, to launching a non-profit that is supported by some of the biggest investors in the WORLD. She said to me when I launched ThreadsRefined, “You won’t even believe the things that are going to happen to you and for you with this. Just you wait.” And she my friends, was right.
So start now, don’t wait.
To stream and subscribe on iTunes, click on the icon above, or click here. Want to hear another podcast about how to find your why and passion? — Listen to my broadcast on Girl Power Hour Radio. Here, I talk about 5 steps to finding what you want and then executing.
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Secrets from the Psychologist to Professional Athletes & Olympians
How to Find Fulfillment, Happiness, and Peace. Aka How Do We Win at Life?
To make it to the peak of any sport (and isn’t that what life is?) most athletes will tell you the athletic ability is just the foundation, the real difference is mental fortitude or how strong your mind is. It makes sense. As did you know, we are actually more likely to die in a car accident (1 in 113) than make it as a professional football player even as a kid who plays in high school or college (1 in 325 college students make it or 1 in 1,010 high school players). To beat those kind of odds you must have a different mental gear I figured. So I tracked down the man who gets in the heads of the highest performing among us, professional athletes and Olympians, Dr. Jason Richardson.
I am fascinated with the mind and the power it has over each of us and humanity collectively. So when I came across World Champion BMX biker, professional speaker and psychologist to champions Dr Jason Richardson, I interrogated him in my typical reformed journalist manner. Jason specializes in human behavior and specifically how to train your brain like an athlete trains his or her body. I love the idea that we could actually control our actions and thought patterns through better understanding our own cognition. So in this episode we dive into Jason’s book, Gold Metal Mindset, what the biggest mistakes are people make when they try to change their habits, how he overcomes anxiety and recalibrates his mind, and the lessons he’s imparting upon hundreds of clients and listeners so that they can go become world class in their own right. I hope you enjoy this episode, consider it a free chat with your very own award winning psychologist, as much as I enjoyed interviewing him.
“I love the idea that we could actually control our actions and thought patterns through better understanding our own cognition”
“There are a million tactics but if you don’t plug your DNA into whatever it is you do, the tactics won’t work.”
Favorite quotes:
“Humans are an interesting bunch. We’re messy at best. Beautiful, but messy.”
His mantra: “The more I do, the more I can do.”
“Your primal brain is designed for one function. To protect you.”
“There are a million tactics but if you don’t plug your DNA into whatever it is you do, the tactics won’t work.”
To stream and subscribe on iTunes, click on the icon above, or click here. Want to hear another podcast about how to find your why and passion? But hen making it profitable, --> Here I talk about 5 steps to finding what you want and then executing.
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Four Steps to Having Customers Line Up
Dec 08, 2016
It’s a noisy and crowded world. But you have an idea that is going to break through. You’re a creative, an inspirer, a doer on a mission to share your why with the world. You have the website, you obviously have the skills, your mom LOVES the ideas and your business cards are on point. The only problem? You open the doors, send out your mass mailing announcement and… crickets. All the people who said they loved your idea just may love it, but not enough to pay for it. At least not right now they tell you; later, soon, they promise. You aren’t alone. For anyone that has started a business believe me, we understand. There are no overnight successes and for most people talk is cheap. So how do we get our elusive minx of paying clients to come knocking on our doorstep? Because the thing is if you are a business owner or aspiring entrepreneur, you know that you do in fact have to sell if you want your creative hobby to become profitable.
“You have the website, you obviously have the skills, your mom LOVES the ideas and your business cards are on point. The only problem? You open the doors, send out your mass mailing announcement and… crickets. ”
Well we can do it the old-fashioned way, but I don’t meet many humans who love making cold calls, sending mailers, pushing email campaigns and all around hard core selling. That is one way to grow. So is there another way?
Maybe. That is why I partnered with Verlocal (check out my interview with a Verlocal Insider here). I believe in leverage. Archimedes said, “Give me a lever long enough and a fulcrum on which to place it, and I shall move the world.” So you have the option of venturing out in the world and self-creating website traffic, mastering SEO, posting like crazy on social media, or you can use someone else who has already created traffic and eyeballs to their website as your lever. I like option 2. Let’s talk Verlocal numbers: Facebook – 50,000+ likes, Twitter: 2,000+ followers, Wesbite Traffic – Thousands of unique monthly viewers. How does that compare to your brand? It’s pretty tough to grow to that, so why not leverage what is built already?
“You have the option of venturing out in the world and self-creating website traffic, mastering SEO, posting like crazy on social media, or you can use someone else who has already created traffic and eyeballs to their website as your lever.”
I’m giving you five steps to leveraging a platform like Verlocal to: Show. You. The. Money.
Start Here:
1) Story Tell
Now with Verlocal you have an audience. You are on a platform with views and people actively looking to purchase what you offer. The only hiccup is there are hundreds of others. So you need to look different. You need to pique interest. That is where the art of storytelling comes in. People buy things less because they have a need, and more because they have a want. They want to feel something, learn something, be something. Make them feel and you will make them buy. That means, you need visuals that feel intimate (no stock photos!), that draw them in and capture your why. Start there. Then make sure the sentiment in those photos translates to your blog/website/social media. People connect with people not brands, so show them you and the humans who are your clients. See how I do this below.. I talk about building businesses on my platform but I’m also a human. How boring if I just showed spreadsheets?! I interweave who I am into my content. Try it.
We are social creatures. We go to restaurants that our friends recommend us, we see movies (or don’t see them) based on what others say, and we buy services because someone referred us. Mark Zuckerberg said a trusted referral is the holy grail of advertising. He was right. So make sure on your website and your Verlocal site you have endorsements, testimonials, happy customers who can do the bragging for you. Also – three rules to live by; be brief, be good and don’t be boring. Check out my testimonial examples. Think interesting soundbites.
“Mark Zuckerberg said a trusted referral is the holy grail of advertising. He was right. ”
It’s the eternal law, give before you receive and you shall receive tenfold in return. Trust it. I have no data to prove it except that my life seems to be infinitely richer and success infinitely closer when I give. Thus, I keep a rule of thumb. I try to provide 10x the value for anything I ask for. I never tit for tat. If I am asking someone to pay $100 for something I try to give them something worth $1000. I give value in two ways:
Giveaways: First, I never do a giveaway worth less than $200, I strive to have the giveaway be worth more than $1000 and I am cautious about what I give away. An ipad is cool, but what is the story there. Second, I tie the giveaway to a very small ask that is not monetary, aka an email subscription or a follow. You are looking for touchpoints not immediate sales. Here’s how I setup my giveaways… (Get $200 to Verlocal free.. click here)
Freemiums:
These are downloadable guides on subjects that would be useful for my readers. These serve two purposes; first they give me email addresses for my newsletter and second they allow me to send them when someone asks me a question about how I do something. Instead of repeating myself continuously I can direct them to a pre-made resource that has a step by step process. Time is money too. For the customers they give inside information that is relevant. It’s free mental goods.
Sometimes the most impactful things are the simplest. Four steps to cashflow with Verlocal.
Want more? Give me a shout…
Codie
www.codiesanchez.com
Twitter: @codie_sanchez
Instagram: @codiesanchez
Facebook @Codie Sanchez Baker
To stream and subscribe on iTunes, click on the icon above, or click here. Want to hear another podcast about how to find your why and passion? — Listen to my broadcast on Girl Power Hour Radio. Here I talk about 5 steps to finding what you want and then executing.
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How To Become A Millionaire.. From A Millionaire
Dec 02, 2016
Ask a Millionaire: Q&A on Hitting Seven Figures with Shawn Thomas of @AskaMillionaire
Let’s say you want to be a millionaire. So you google search, “how to become a millionaire?” and this guy’s face pops up. This is Shawn Thomas of (@askamillionaire or @askshawnthomas). And I bet you can guess what he’s achieved, and how many zeros’ come with it.
“Doubters Don’t Pay Your Bills. So Don’t Pay Them With Your Attention.”
To be honest, the millionaire status wasn’t as interesting to me, although I suppose it does mean he is in the global 1%. What was interesting is that he is now building a business on how to teach others to accomplish the same thing, financial freedom. And people are eating it up. In fact, he has amassed millions (there's that word again) of followers because humans want to know how to achieve the elusive 7-figure-dream. But the best part is that Shawn has one of my favorite characteristics, he’s not that nice. (Sorry, Shawn but don’t worry I’m not that nice either). What does that mean? It means that in this breakdown he is the type of human that actually tells you what it will take to achieve a high level of financial success, he doesn’t sugar coat it and he just might help you get there as opposed to most coaches that tell you if you “visualize it enough” or if you “believe in yourself," that you will wiggle your magic fingers and make it happen.
So Shawn and I dive into where most people mess up, how you can achieve financial success 10x as fast, the future of building social media followings, and he even goes into my favorite realm of what happens when you achieve it all, and still have that little hole inside of you. From playing for the circus, to signing a record deal, to going $100k in debt this guy epitomizes what it means to climb and share not just your highlight reel. I hope you enjoy my conversation with Shawn Thomas as much as I did…
My Favorite Lines:
On how to grow a big following: “Just start, most people don’t do even that.”
The question he gets asked the most: “How do I find success?”
How he defines success:
“Balance of 7 areas of my life: Spiritual, Health, Bank Account, Friends, Love, Family, and Business.”
To stream and subscribe on iTunes, click on the icon above, or click here. Want to hear another podcast about how to find your why and passion? — Listen to my broadcast on Girl Power Hour Radio. Here, I talk about 5 steps to finding what you want and then executing.
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Today I went to a charity event in Dallas. Now typically how these things go are like this: lots of beautiful women, beautifully dressed, buying beautiful things, on behalf of a charity. All good, right? A bit surface level, but if at the end of the day we are helping a worthwhile cause I am all for it. Today though I went deep, my heart hurt a bit. Why? Well – I typically don’t ask women what they do at these events, because many of them work inside the home and thus they seem to feel awkward when I ask that question. To me, you are not what you do for a living but I can understand the sentiment. So I ask the question, tell me your story? This is more interesting regardless. I love stories. We as humans are fascinated by them, we get pulled into campfires, books, movies, conversations, due to our thirst for an intriguing story.
After all we’ve each been on earth for decades, we all have some type of story, don’t we? I asked this question to a woman at the party and her response was, “I don’t have a story.” I was a bit dumbfounded. Of course you do. We all have a story. It begins at birth, sometimes the thread goes further back even before, and hopefully if we’ve made an impact, it continues after we are no longer here to tell it ourselves. So how could someone not have a story? Maybe the question is, why do we not know how to answer this question? It is the oldest form of communication our words, our stories. So how do we tell our stories in a better way? Whether it is our story at a cocktail party, our company’s story, or our story to snare the hot dude/chick.
“We all have a story. It begins at birth, sometimes the thread goes further back even before, and hopefully if we’ve made an impact, it continues after we are no longer here to tell it ourselves.”
Knowing how to speak with conviction and eloquence, slowly drawing in your listener like a spider winding in its web, is a singular power. You literally ensnare people. Haven’t you felt that pull before? When the person you are speaking to grabs your heart by the strings and reels you in to them. I’ve felt it. It’s what moves humans to achieve extraordinary things or terrifying things. The greatest among us know how to grasp you tightly with their words. I started to ponder, how do you tell a compelling story? Here is my story… on how to tell your story.
1) Be good, be brief, be gone
Have you ever been cornered at a party with long winded Larry? You know him. He loves to talk about his kid’s soccer game or even better, his golf match where he par’d 9 because he used the iron instead of the wedge or whatever the f*ck golfers say. Seriously you want to lose my interest immediately, start re-telling me about your round. Unless your Tiger Woods and the round ends with your wife chasing you with a 9 iron. I. DO. NOT. CARE. Ok but here is the point. Be aware of the human you are speaking to. See if they seem interested and watch for body language. Then try to leave them with a little something. Don’t give them the whole story, snare them along. That is what it means to be good, be brief and be GONE.
2) Words Are Like Paint - There Are Infinite Colors So Mix It Up
Let me give you an example. When you meet someone there are hundreds of ways to express your happiness at crossing paths:
- “So happy to meet you.” (BLAH)
- “What a pleasure to sit here with you today.”
- “I am just tickled to get to shake your hand in person today.” (Try not to smile while saying that one)
- “Absolutely enchanted to know you.”
- “My friend, how lovely to meet you.”
In Spanish we say Encantado/a, it means absolutely enchanted. Everything in the Spanish language is meant to bring you close. To love on you a little bit through words, platonically. Think about your words in that way. Consider it a mind game. Instead of starting a presentation with, “My name is Codie Sanchez, thank you for having me today.” Don’t be cheesy, be you, but have fun with it.
- “My friends, what a pleasure looking out at all your beautiful faces this morning.”
- “Hello all you good looking humans, can I just tell you how excited I am to share this day with you.” Wink Wink.
Your challenge today: Try to introduce yourself to someone in 3 or 4 ways that you never usually would or open up your next meeting in a way that would surprise the rest of your team. See them snap out of their normal route. I dare ya.
“Your challenge today: Try to introduce yourself to someone in 3 or 4 ways that you never usually would or open up your next meeting in a way that would surprise the rest of your team. See them snap out of their normal route. I dare ya. ”
I’m in finance, do you even want to know the number of Powerpoint’s I’ve seen in my day? It would astound you. It horrifies me. I’ve seen more pivot charts then Brady’s seen snaps (ooooohhhh football reference, I’m feeling it today!). The thing is people don’t remember what you’ve told them, they remember how you made them feel. Even when we talking money, baby. So weave in your humanity. Even when talking about finance or investments we can talk like this:
“Close your eyes, picture the day you retire, the day you get to take that trip around the country you’ve been planning, the day Europe beckons, the day you never have to put on a tie again. Picture yourself signing on the dotted line for that beach house, your grandkids playing along the beach while you sit in your chair watching the sun go down with a big smile on your face. Waves lapping in the background. That is what happens when you save. Decisions made today to invest, plan and create goals that you stick to means a tomorrow you’ve dreamed about.”
Think they’ll remember that instead of saying,
“If you invest and start saving now we are confident we can maximize your risk/return profile to reach retirement On average our clients receive x return over time due to compounding and downside protection. We aspire to align your risks to your needs, in order to achieve your family’s goals for retirement and life planning.” Dear lord, did you fall asleep too? Remember you are a person, get personal.
4) Catch Them Up Front
Whether it is your opening line, your headline, or your punchline, get a line with some KICK. Here’s an example….
Which headline is better (these are both real BTW):
A. The Consumer Price Index (CPI) increased 0.4% in October
B. Watch Out: Prices Are Creeping Back Up Again
B, right? It makes them want to open the article. That word creeping has a negative connotation, like a little creepy crawly insect sneaking up on you. You want to know how close it is? When you say CPI, you sound smart but uninteresting. That is often our biggest problem we want to project our intellect and we end up sounding like a robot.
Moral of the story – don’t be a damn robot. You are a human. You have a story. You are interesting. So share it.
XOXO,
Codie
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Start A Clothing Brand: But Don't Go Bankrupt ;)
Nov 18, 2016
With Nasty Gal declaring Chapter 11 Bankruptcy this week, it made me realize how the shiny bow is often on the gnarliest of presents. Don't let the veneer fool you, starting a business ain't for sissies.
“Don’t let the veneer fool you, starting a business ain’t for sissies. ”
People, I dig this episode a lot because I love nothing more than a super actionable breakdown from an expert in their space. This is the episode for you if you want to build a distribution company OR a fashion/apparel/graphic tee company. You all actually requested this one, so that is extra fun.
And it makes sense right, I mean haven't you ever had a quote and thought GOD I should make this into a t-shirt. Well here's how to do it.. and we are assuming you know all the normal business portions we focus on the nitty gritty of clothing. I know Sophia Amoroso is all the rage, graphic tees are selling like hot cakes (I’m probably the largest purchaser), and boutique brands are popping up more frequently than election memes so there has to be something here.
But the questions are:
How do you in fact build a fashion or t-shirt company? (without going broke)
What the heck is screen printing ?
When does it make sense to start your own company , how do you do it on the cheap?
What is the biggest surprise, and what kills dreams of beautiful graphic tees faster than anything?
We answer all these and more!
For the first 10 minutes we dive into how to build any company (and not hire shitty people in particular). The rest of it we get down and dirty into the not so fancy side of fashion.
“There is more noise than you can imagine in clothing, it’s a crowded industry. If you don’t know your differentiator. You are in trouble.”
— Ryan Egan
Well without further ado I have on for you Ryan Egan @slcactivewear, the T-shirt & Apparel Queen. Ryan is founder of SLC activewear and comes from a long line of apparel distributors. I can vouch for the fact that she literally can tell what brand you're wearing without looking at your label. Superpowers.
Honestly, if you are looking to start a clothing company make sure you listen from 15 minutes in, it will save you a world of headache.
P.S. Thought to live by... "There is more noise than you can imagine in clothing, it's a crowded industry. If you don't know your differentiator. You are in trouble." - Ryan Egan
XOXO,
Codie
To stream and subscribe on iTunes, click on the icon above, or click here. Want to hear another podcast about how to find your why and passion? — Listen to my broadcast on Girl Power Hour Radio. Here I talk about 5 steps to finding what you want and then executing.
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How To Close Multi-Million Dollar Deals
Nov 11, 2016
Lessons from a Financier: How He’s Closed Million to Billion deals from Ireland to Saudi Arabia
Adam Sadiq - Managing Partner New World Capital Advisors
Today is a fun one. If you are interested in angel investing, startups, entrepreneurship, investments, closing big huge deals, then this is the dude for you. Adam Sadiq is Managing Partner of International private placement firm New World Capital Advisors. Which means that he goes around Europe, the Middle East and Asia and finds investment opportunities for the big boys from Private equity, to hedge funds, to real estate. Adam and I go way back to our days together at one of the world’s largest asset managers. I was heading up Latin America and Adam in Europe and the Middle East. I brought Adam on to talk to us about everything from how we sell, how to close big deals, how to get into investments and finance, how to climb the corporate ladder and how to transition from corporate America to building your own company. Below are some of my favorite quotes from Adam (by the way how much do you guys love his accent!).
Noteworthy soundbites:
On Youth and Inexperience: “Sometimes being 23 and knowing nothing is the best part. I like to open doors through naivety and use ignorance to find success.”
On Taking the Initiative: How he closed his first deal by buying his own plane ticket and asking for forgiveness later. “I knew if I asked permission I wouldn’t get the answer I was looking for, so I didn’t ask.”
“If I had followed the internal process I would have never closed my first $100 million dollar deal.”
Go to Markets with Dislocation: “If you are operating in conventional markets like Europe, the UK, the US, business is very systematic. If you follow the process you’ll get a share of the pie. If you start moving to emerging markets it is a different story, it is based on relationships and visibility.” ** I love this one ** working in emerging markets is a game changer.
“Many relationships come to you by chance, but what you do with that relationship as a next step is what changes it all. Ultimately it can change your life.”
— Adam Sadiq
Being Different: “My standpoint is to be against the grain of commoditization. I try to be ahead of the market and whenever everyone is doing one thing I try to go the other way.”
“You need to think about being niche. Not being everything to everyone.”
So without further ado I hope you enjoy this conversation with Adam Sadiq.
To stream and subscribe on iTunes, click here. Want to hear another podcast about how to find your why and passion? — Listen to my broadcast on Girl Power Hour Radio. Here I talk about 5 steps to finding what you want and then executing.
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Lessons Learned From The NFL to Wall Street
Nov 04, 2016
Lessons On Pivoting, Fear Conquering & Life Defining.
Imagine you come to US, speaking no English, find out the futbol is actually football, and somehow still find your way to the highest levels of the game, the NFL. That's the story we are telling today. About how to achieve whatever it is your little heart so desires and continue to redefine yourself as life throws you wide passes (wow did I just use football terminology #winning). Paul Francisco Twitter: (@paul_francisco) is going to tell us his story.. and you are going to love the strategies he employs.. Let me paint the picture...
Set the scene, I’m at the Gaylord Texas for an ALPFA convention, picture if Disneyland were an indoor hotel on steroids and filled with Latinos. I’m at a little cantina chatting with Paul about how our stories have evolved since I left the company where he heads diversity and inclusion. As we walk past the innumerable tables and groups of people, I get a glimpse of why Paul is such a special dude. I'm with the proverbial mayor. He stops to shake hands, give hugs, dar besos and congratulate on others successes. I know literally no one, but Paul seems to have that inherent quality of making all 3000 attendees feel they are his gente, his people. That is Paul, 6'3, former Patriots NFL player, current finance exec, from Honduras, standing in a power suit, not bad to look at, and always sporting a big huge smile. The difference between Paul and the myriad other successful individuals I chat with, is that Paul really is about his gente. It almost makes sense that he’s dedicated his life post-football to diversity and inclusion. He was the only black kid in his town in Honduras, who gave away his rather large shoes to another kid that needed them more. He’s the kind of guy that reveals how the day he realized he’d never play in the NFL spotlight again post injury, he pulled over, had a good cry and then re-dedicated his life to the next step. He now fights to insure people of color, women, those with disabilities, and LGBTs, all have shoes to wear in corporate America and their chance at the spotlight. He applies the tenacity that brought him to college on a scholarship from Honduras, to the NFL playing for the Pats under Belichick, Shula (@donshula), to working for one of the world’s largest asset managers on promoting opportunities for people like you and me.
On this episode Paul tells his story, he breaks down how he found his why, the incredibly insightful strategies he uses to overcome obstacles, how he gets mentors, how he uses fear to focus and the way to pivot when necessary. Listen in for a look at how to continually re-define your life, beat expectations, and why diversity is a lifeblood we should all be seeking in our companies, communities and tribes.
These gems jumped out at me:
His mantra: 5 P’s – Prior preparation prevents poor performance.
When you get to the NFL everyone physically is at more or less the same level, the difference between a good athlete and a great professional athlete is mental. The game is 80% mental and 20% physical.
On Visualization – When you get to the end zone you have to have lived it or imagine it. 1000 times I’d picture getting a touchdown and what it would feel like so that when I eventually had the opportunity I would have been there before.
Thoughts on finding mentors – I’ve never gone to someone and asked them to be my mentor. It’s more that I think of myself as Paul Francisco Inc. So I surround myself with people that can be my advisors, my corporate board, if you will.
“It's never as bad or as good as it seem to be.”
"If you can’t bring your whole self to your company it’s probably not the right place for you."
"Fear keeps me alive. I have a fear of failure so my combat mechanism is whenever I feel fear I focus."
"Tough situations don’t last. Tough people do."
Find Paul Francisco Here:
Twitter: Paul_francisco
IG @price8188
To stream and subscribe on iTunes, click on the icon above, or click here. Want to hear another podcast about how to find your why and passion? — Listen to my broadcast on Girl Power Hour Radio. Here I talk about 5 steps to finding what you want and then executing.
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How to Not Waste A Sh*T Ton of Time At Work
Oct 28, 2016
There is an epidemic. I'm serious. It's called the 8 hour work day and the fact that we waste 60% of our day at work, not actually in fact working. Don't believe me?
Between excessive email (which actually makes you lose IQ points, 10 to be exact, by fielding constant email), unproductive meetings (which cost US companies $37 billion in salary cost) and distractions at work (80% of which are considered trivial), we work more and get less done. Imagine if you could get back 24 working hours each week. Let's try to make a dent in it.**(Sources below) It's So Easy No One Does lt - I'm going to be snarky for a minute, if you can't deal scroll on. Start here: Don't check your email 36 times an hour (the average person does). Let's begin there. But seriously, if you work with me you'll note, I typically respond to email 3x a day. My teams all have my cell if it needs immediate response they text me, otherwise I'll respond in AM, lunch, and PM. I batch the rest of the day in time-blocked hours. Three to be exact - Client Touches, Deep Work, Administrative. Go to blog for more specifics.
Willpower enabler - Just like not buying junk food for the house I try to toss distractions. I use clearlock, it locks your phone from all tantalizing apps for 10 min to 3 hours. Also probably good for you single peeps so you don't make any embarrassing wine infused texts #multitasking. Only way to reopen is hard reboot.
Set Deadlines- Focus Booster is one of my FAVS. It lets you power through tasks with set deadlines using the Pomodoro Technique (which is well researched, it's like science guys). You work on one task for 25 uninterrupted minutes, then take five, and on you go.
Quote I am ruminating on, “Time is the most valuable coin in your life. You and you alone will determine how that coin will be spent. Be careful that you do not let other people spend it for you.” - Carl Sandburg Say No- It's the things we don't do that make all the difference. People always want to talk on the phone. Can I call? Call me when you get a sec? Can we chat? Honestly - when the calls are internal, personal or not from clients, I say no. Script, "Shoot, about to get on a flight, then a ton of meetings. I want to make sure I help, what can I do for ya? Or what did you want to chat about?" Inevitably, they tell me. And 99.999% of the time it REALLY did not warrant a call. Remember the goal is to help the person, not to give them control of your schedule. If you let people waste your time they will even if they don't mean to, hard but true.
“PS I also never answer unknown numbers and rarely answer direct calls unless from clients.”
PS I also never answer unknown numbers and rarely answer direct calls unless from clients. I listen to VM or get email, then respond. I'm not big time, or a jerk, I just truly do not know how to get all I want to get done otherwise. What do you think of the Monday Slay? If you dig it please forward to a friend to sign up! I'd love to hear what you want more of, shout out to me on twitter @codie_sanchez or on IG @codiesanchez. Thank you for reading, our tribe is growing my friends! Codie P.S. — This week on the podcast I answer one of your emails with the 10 questions I wish I knew when I was starting my businesses. P.S.S. - No sponsorships for any items, books etc I recommend and I only ever recommend something I use. Just great stuff, no sales stuff.
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If I Was Starting Work Again.. I'd Want to Know This
Oct 20, 2016
Written by Codie Sanchez Topics: Business & Career Building
Letters to My Younger Self.. These 5 things Change It All
If I could go back and tell my younger self the answers to these five questions, what would I say? What would I tell others who are starting their climb in work and in life? What did I wish I knew when I first started in business? Well I'll tell you just that on this episode. This one is kind of interesting, I have gotten tons of emails from all of you asking me varying questions on how to grow your business, work ideas, how to get a promotion, negotiate a deal and even tips on meditating (still working on this one!).
One email jumped out at me from 17 year old Sarah, asking these below questions. Honestly, she's already ahead of the game at 17 by even thinking of these questions but then I realized maybe we all should be asking ourselves these very same things. I hope you enjoy a brief conversation taking a step back in time.
“Life is about moments. The moment you find your passion, the moment you decide to follow it and the moment you realize you can actually make money doing it.”
— Codie Sanchez
If you could give your 17-year-old self any advice, what would it be?
What were your biggest goals and dreams when you were 17? 20?
What is your viewpoint on a traditional college education vs. real world experience? How valuable is a college degree in your eyes?
What book has had the most positive influence on your life?
Where is your favorite place to find inspiration?
2-3 biggest tips for killing self doubt and gaining self confidence?
I am a naturally very optimistic and positive person, Consequently, I smile A LOT. In business, smiling is often a disadvantage when overused. What are your biggest tips on controlling smiling/ to use it as an advantage? (This question made me smile!)
How do you maximize your day?
Biggest tips for building wealth?
Ciao,
Codie Sanchez
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“If you find yourself doing what everyone else is doing, you might want to take a pause.”
How To Market (aka Sell) Like A Pro
You have product, you want to sell said product, but you need to get your incredible product noticed in order to sell it. That's marketing 101, right? Here’s the problem, marketing is crowded, noisy and confusing. So how do you quiet the noise and trumpet your ideas like a supersonic blast? How do your blog posts and paid endorsements not drown in the sea of sameness? We are going to talk about one marketing industry vet's ideas for how to jumpstart marketing right off the OR table.
We’re going to talk about if traditional marketing is dead and social marketing has won the game? We are going to talk about where to spend your hard earned money? How do you use the right channels and why? And the man leading us today has a killer perspective as a long time traditional marketing content specialist. Jim Knapp (@jim_knapp) is a media man… 45 minutes with him is like a shot of marketing adrenaline straight to the heart. Jim leads marketing business development for Bonneville Phoenix, KTAR and Arizona Sports, he’s spent thirty years crafting the pitches of companies who want to touch us all through the airwaves.
Why do I have him on here instead of some blonde 20 something blogger talking about shoppable links and S4S? Well h*ll I’ll probably have one of those on here too BUT I firmly believe that when everyone is crowding one space you need to think long and hard about why you two are pushing through the crowds, remember; what if it was easy?
Here are some of the questions Jim answers: Get excited.
What are most people doing wrong with social media and traditional marketing?
Talk to me about the differences between the two?
Who is doing traditional media really well? Who is combining the two well?
How do you judge returns and reach?
For someone who is building a business or brand what advice do you have for them in how to engage in marketing?
When do ads make sense, where and what are the keys to doing this right?
How do you narrow down your audience (the mad men story)
What are the biggest mistakes happening in marketing right now?
What is the one thing any person looking to sell something should do now?
Want to hear another podcast about how to find your why and passion? — Listen to my broadcast on Girl Power Hour Radio. Here I talk about 5 steps to finding what you want and then executing.
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I Threw Away All My Suits & Found My Corporate Stride
Oct 06, 2016
On being you and still being a b*d*ss business person.
One crop-top wearing exec’s take.
Be you. Be authentic. Be real. Just be yourself. Sounds so easy, huh? Not for me it wasn’t, and sometimes still isn’t. It’s honestly taken some serious self-reflection and ball bracing to figure out. I used to wear suits nonstop. I cut my hair short to fit into corporate America. I played it safe because my intensity can, and does. make people uncomfortable. So I toned it down. I tried to dress to not show my female form. I replaced stilettos with flats, because you can't be sexy and smart, can you? I still struggle with this.
Can you be a serious business person, executive, or entrepreneur and not play the role? I decided I would try. Why? If you do what the average person does, you will be as the average person is.
Average is not something I strive for, do any of us?
I became more successful, I got better clients, bigger accounts, more employees, and more opportunities.
Thus, for me the easiest things to alter first were external. I like crop tops so I wear them. I work-out and am proud of my albeit imperfect but perfectly "me" body, so I wear form fitting dresses. My hair is often too long, I love my words four lettered and my cars fast. As a cautious toddler dips his foot in the pool to test the temperature, I brought in each one of these “Codie-ism’s,” one by one.
I recall thinking, oh dear sweet baby Jesus, I am going to get fired, or lose clients, or lose respect, or get called out in front of everyone like those naked public speaking nightmares. Let the cold sweats begin. Then as time passed, nothing happened. In fact, I became more successful, I got better clients, bigger accounts, more employees, and more opportunities. So I said alright little toddler Codie, jump in that d*mn pool. And jump I did. I jumped into letting some of my internal weirdness and realness out.
I'm god awful at details so I outsource everything I can. I have zero patience with politics and rarely hold back. I travel almost constantly and mix business and pleasure publically. I work every single day of the week, even on vacation, and I f*cking love it.
These internal changes are harder because they are the core of who we are. We aren’t what we wear, or what we drive, but we are that thing inside of us that speaks, acts and does. I realized that if I want to find this thing called happiness, I would, in fact, have to figure out who I was, and then live as that person wholly and unabashedly. Step by small step.
“My hair is often too long, I love my words four lettered and my cars fast. ”
My take is that people today are craving what's real. Why do you think that Instagram stories, Snapchat, Facebook Live, and Periscope are all the rage? They are unedited, raw, instantaneous and you can’t pretend to be in a bikini on a yacht when in fact you are sitting in your cubicle in sweatpants. We want the whole person, the highs and the lows. Well – we want mostly the highs, no one likes negativity, but above all else we want to see that the people we engage in are human. Flawed but extraordinary. The problem is that corporations, society, and family, inherently don't like risk. They want to protect us and them.
However, being real means showing your scars. That is risky. Here’s the thing, we can't actually be anyone but the human we are and it turns out people just might like you even more that way.
So why not let our little freak flag fly and say f*ck it? Seems to me that's the only way to live. I'm working on it... What about you?
We are a mobile generation, aren’t we? From shared offices, to WiFi 30,000 feet in the air, to 60% of our population in the US participating in freelance work according to Fast Company, the 9 to 5 job just may be dead. While I am astounded by all we can do from outside the “office,” if I’ve learned one thing traveling almost weekly for years now it is, if you can’t handle surprises the wandering life may not be for you. That being said, once you get used to a dash of the unexpected, I challenge you to ever go back to cube life. I haven’t met one flyer who has returned to flightless mode yet. So fair warning if you choose the blue pill, the pill of perpetual freedom, exploration and an absurd amount of passport stamps, there is just no going back. You with me?
Then the question is how do people like myself run an international multi-million dollar investment business, a startup, keep that stubborn waist line under control, have a semblance of a social life, and manage to keep my saint of a spouse around?
Because here is the thing, I travel non-stop and I’ve camped before but hostels are just not my jam. I want kids, a whip and a house too. Which means that I want cash flow, abs yo AND continuous flight cabin glow.
In this column we are going to get up close, personal, non pc, and specific, about how to make travel, work and your life intertwine in a way that feels so natural it’s like a second Neutrogena soft skin.
Since the devil is always in the details, lets wrangle those little demons. Over the ensuing posts we are going to build up to the peak, the Everest if you will, which is how to get a job that pays you to travel the world and fulfill your inner wanderlust.
We’ll start with how to make you look like a Platinum pro on your next business trip, we’ll hit on how to ask your boss for a remote trial in your gig (stop saying that’s impossible for your situation, give me a chance to prove you wrong), and we’ll touch on how to setup side freelance opportunities while you are still depositing that paycheck.
Baby steps before we Neil Armstrong it all the way to the moon. Today we’re talking the tools of the travel trade, because what is a craftsman without his tools?
The travel goods. What I never leave home without:
1)My four-wheeled Tumi bag, which will save your shoulder and sanity. Also – never buy full priced, they are overpriced. They have sales on gilt, Ruelala, Nordstrom’s or at Last Chance constantly. Oh and for the love of all that is holy and sacred in this beautiful world, do not check bags. We are the carry on crew, ain’t nobody got time to wait for luggage.
2)Some form of a wireless charger, I use a Mophie which doubles as a cover for your phone as well as a free handheld multi-pronged charger. Let the amateurs fight over the one airport plug while you maneuver your Tumi like a race car driver through the sea of over-burdened plebs with a latte in hand.
3)Bose sound canceling headphones, and NOT the giant ear covering ones. My motto is think like a bird, be light, be aerodynamic, be as weightless as possible. Which means go for the inner ear buds that weight nothing and happily zzzz away while the baby next to you is doing her best impression of a horror flick scream.
4) A bag/purse/briefcase with a handle to attach it to your rolling carry-on. For a long time I fought this, I had my love for designer bags to contend with. I finally opted for a briefcase from Louis Vuitton (I know, I know) but I love it. I’ve had it for 3 years, stuff it to the brim, spill water in it not infrequently, and not a scratch on it. If you are traveling for business you need to be able to be on a call while wheeling your suitcase, ordering an Uber, and not worrying about if your bag is going to spill all over Terminal 3.
5) Last item, a Belkin keyboard for your iPad. This essentially negates the need for a laptop for me. It is wireless, charges every 3-4 months and doubles as a stand. I get overly excited just thinking about all the multi-tasking happening at one time with this bad boy.
Alright my little migrating chickadees, we start with the small things. Small little details to get you excited about your next trip because the devil truly is in the details. Next time we run with that excitement you’ll get from being locked and loaded, all the way to getting paid to pack up and go!
Get moving, standing still is a sure way to decay. See Here how one of my podcasters traveled for a year and used VRBO to ensure she never paid rent!
Ciao,
Codie
To stream and subscribe on iTunes, click on the icon above, or click here. Want to hear another podcast about how to find your why and passion? — Listen to my broadcast on Girl Power Hour Radio. Here I talk about 5 steps to finding what you want and then executing.
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Let’s Talk Benjamins: Banking & The $$$ Side of A Business
Sep 14, 2016
Talking Latino-Owned Businesses and How to Leverage Your Network…
In partnership with Chase, I spent the day in Houston speaking with hundreds of Latino business owners and professionals about the hurdles to self-starting, funding, and all around bringing in the business. That is the American dream, right? That si se puede (yes you can), be Self Made. Which happened to be the book title of as my interview subject Nely Galan (see interview here). This former Trump Apprentice, Emmy winner, President of Telemundo, author, media mogul and self-made Latina, was honest and transparent about the challenges that faced her and how she overcame them in business. If you are like me, banking, and funding is one of the most intimidating parts of business (I like these tools from Chase). We have so many ways to finance but, while you are busy working on how to bring in sales and the infrastructure of your business, it’s difficult to focus on the monetary side.
When I first started my business, ThreadsRefined, I had access to quite a bit of capital to debt mechanisms and leverage, but I chose to use a business credit card. Full disclosure, I do bank at Chase, as I only talk about items I’ve used personally. The most frequent card I’ve seen used from them is Chase Ink, click here for more on the rewards system. I’m pretty much a rewards junkie, I mean who doesn’t like free stuff?
So why did I finance that way? First, if I personally am not prepared to put my own money in my business, why should anyone else? OPM (other people’s money) is a beautifully capitalistic thing, but I like skin in the game. Don’t kid yourself if you get OPM first and fail, your reputation is seriously sullied. Free capital is never free. Second, I believe in business the reason most businesses don’t survive is that they over lever themselves, aka spend, spend, spend. They get too much capital, they pay too much instead of doing trade for items or negotiating, they don’t bootstrap, and the small costs pile up like papers in an abandoned driveway. For me to test my business I wanted to keep a keen eye to costs (aka have to pay them off each month). However, it’s important to separate your business expenses from your personal. Which is why I wanted a business credit card like Chase Ink.
“OPM (other people’s money) is a beautifully capitalistic thing, but I like skin in the game. Don’t kid yourself if you get OPM first and fail, your reputation is seriously sullied. Free capital is never free. ”
Once we understand the funding side, the question then becomes which provider. When I am analyzing any vendor I like to think about it like a life partnership. This is someone I want to travel through time with. I want them vested in my business, I want to grow with them. I don’t want to re-learn processes and hop around for the lowest cost provider. Sometimes you get what you pay for. It all eventually goes back to the humans you engage with, even when you are choosing large providers. I loved this example. Nely Galan when she was building up her business (as the creator of the show the Swan), needed capital and to professionalize the financial side of her business. So she strutted (she does definitely strut like us Latina’s do), into her bank and looked around for someone who looked like her. She found herself a fellow Latina and now says, “A Latina banker changed everything in my business.” She’s right.
At the end of the day I have two philosophies in business;
1) Cash is king - without it you are a charity not a business
2) Networks = your net worth.
So you need some rock stars in your tribe, your own personal business board if you will.
I consider my rock stars in my tribe; my attorney, my accountant, my banker, my assistant, and my executive board. I certainly wasn’t alone among the panelists when they spoke about their tribe, check out an interview here and here with two Chase Ink users, CEO’s, and fellow change makers talking about the importance of their network. At the end of the day, keep it simple. Start with as small initial investment as you can, surround yourself with the best humans you can and focus on the cash flow.
Also – let your voice be heard! Use #ChaseNegocios for their answers and give them a follow at the sites below.
Stream and subscribe to my podcast on iTunes click here.
Want to hear a podcast about how to find your why and passion? — Listen to my broadcast on How To Follow Your Passion. Here with another business entrepreneur about how to take what fuels you and make money doing it.
Why social media presence is just the tip of the iceberg, not the magic answer to the success of your business?
Social networking is all the rage. It is how brands judge payments, it is how some of us determine reach and importance of a person or a brand. But here is my problem with it: Social networks are all about quantity, not quality. The question becomes, would you rather be known by the guy on the street corner, your barista, the other bloggers, or would you rather be known by thought leaders, CEO's, power players and people who are in the world making a BIG impact? My CEO from my company always says, "Let's get rich quietly," or "Rich not famous." I think he's on to something. I question my patience and civility if everywhere I went someone was commenting one way or the other, and fame is not something I seek. But being known by the right crowds, very admittedly, is.
“The fishing is best where the fewest go, so get out of the shallows of SM and build your strategic network.”
The problem if you are focusing all your efforts on social media networks is three-fold. One: You are trying to attract as many humans as possible to you and largely are unconcerned about who is at the other end as long as the likes, follows, and re-tweets add up.
Number two: You don't actually own those networks. Instagram Stories is a great example. Mark Zuckerberg decided in one data upgrade, to seriously hinder the viability of SnapChat. Maybe not that big of a deal to most people but, what about DJ Khaled, who is one of the most followed on Snapchat but has less than 1/3 of those followers on Instagram? "His" network and reach, with the touch of a button in seconds by Instagram, has now less value. Think about all the effort and energy that goes into growing in the platform you choose. Do you realize that you are growing someone else's followers? Instagram, SnapChat, Twitter, Facebook... you own none of them. You could be kicked off at any point, or they could restructure the system. In life, we can only guarantee three things; death, taxes, and change. So assume that eventually all of these platforms will go the way Myspace went. What happened to your Myspace followers? For Millennials, did you even ever use it?
“In life we are only guaranteed three things.. death, taxes and change.”
My solution to this is to own your email database. Is this something you'd like to hear more about? If so comment me @codie_sanchez or Twitter or @codiesanchez on IG and I'll write out how I've grown three email databases. One database with over 12,000 names of humans who in total manage trillions of dollars of wealth. Let that soak in. I have a list of names I own (or my company does), that are responsible for the wealth of nations. That is quantity AND quality. I also have two other databases both over 1500 and growing with those relevant to my fashion company and my strategy company.
Then the third problem is this: Who are your followers? When you build a strategic network with other movers and shakers, each connection is a 3 standard deviation event. What does that mean? That means that when you are highlighted by Elon Musk, when you connect with Seth Godin, when you sit down with your congressmen, major shifts can occur. Large standard deviation events mean the outliers, the unlikely big jumps, changes, non-normal moves that can happen. Social media growth is much more tactical. It is every day posting, liking, in the trenches engaging, in order to entice someone to follow you. There is a place for that, but it will be a long steady climb as opposed to a whale hunt that brings in one big fish. I am all about strategic connections. That is the law of the universe. The 80/20 rule or the Pareto principle. In this context, this means that 80% of your revenue, relevance, and positive growth comes from 20% of your contacts, clients, etc. This law is KEY.
So here are the takeaways:
1) Own your network, aka, have an email database
2) Create a system for Strategic CRM management (here for mine)
3) Look for the 20%, engage with the change makers. Then, as a byproduct, watch your online presence BOOM when you do the everyday tactical paired with the strategic.
Stream and subscribe to my podcast on iTunes: click here.
Want to hear a podcast about how to find your why and passion? — Listen to my broadcast on Girl Power Hour Radio. Here, I talk about 5 steps to finding what you want and then executing.
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How To Turn $0 An Hour Work Into Profits
Sep 02, 2016
There are two ways to sell anything in life 1) whale hunting 2) daily casting. Most people spend their lives doing the latter. Why? Because hunting big fish is scary. What happens if you don't catch it? Am I going to starve? It seems so much safer to play in the shallows and go after the small fish. The problem is that the fishing is best where the fewest go. Thus this interview is about how to fish in the depths in order to turn the strategic work you are doing into major cash flow. Listen in for this specific actionable plan with Latina Bloggers Connect.
CHOOSING PARTNERS TO GO THROUGH TIME WITH IS CRITICAL FOR NEW BUSINESS OWNERS. SO I'M THRILLED TO PARTNER WITH CHASE INK TO HELP LATINOS DO JUST THAT.
In partnership with Chase Ink, I’ll be going live from the Connecting Minds Conference – a partnership between Chase Ink and the Houston Chamber of Conference - on August 29th at 11:30am CT (make sure to tune in on all my SM) to talk about strategic partnerships in your business.
So what is this partnership all about? Well, they say we stand on the shoulders of giants. I think we stand on the shoulders of small business owners. The backbone of American innovation is made up of the millions of YOU, innovators, entrepreneurs and risk takers. You are the lifeblood. Then I ruminate on this statistic. In the last year 86% of new businesses were created by mi gente, Latinos. That’s $1.4 trillion that fellow Sanchez’s are putting into our economy. #adelante. The tough truth, however, is that one-in-three businesses doesn’t make it past the first year. What to do about it? Well, I believe that is largely due to the lack of professional networks had by business owners and the difficulty they have in accessing capital. So I am particularly excited to partner with Chase Ink and head down to the Connecting Minds event.
“Your network determines your net-worth.”
Think of Chase Ink as a business tool that can help build small businesses through access to broad business services through Chase for Business. From Chase Ink credit cards (which allow small business owners to use points in a way to seriously drive their bottom line), to the resources they have for business owners and Latinos, there are some pretty cool stories. Like one barber, Rich Mendoza of Filthy Rich Barbershop (love that name!), who used his 60,000 Chase Ink points to throw up a huge topiary mustache on the store front, to reel in more mustache-primping man clients. While, David and Emily Ojobaro of Squeezed Online turned their 60,000 Chase Ink points into a pop up DIY juice bar. Sounds lovely!
I’m ready to hear more about what else they have going on. We’re going to put our proverbial money where our mouths are and take some action. We’ll be speaking with Nely Galan, media-mogul, Emmy winner, entrepreneur and author of Self Made, the Houston Hispanic Chamber of Commerce and business owners around the area about building up your business network. The truth is, we all rise by lifting others. So if you are a business owner, a Latino, a curious potential entrepreneur, I want to hear from you and I want to chat with Chase Ink and everyone at the conference about your N-E-E-D-S.
Other Connecting Minds panelists include:
· Lupe Murillo – CEO of the Houston Hispanic Chamber of Commerce
· Cesar Guerra – Chase Business Bankin
“How do you as a small business make yourselves part of the small % who thrive and survive?”
What do you want to hear about? What has been your experience with building a professional network? I want to bring back some answers and solutions for you. What do you want to know about building businesses, growing your relationship base,/ and accessing capital for your business?
Comment below and I will have the experts answer your questions. Or tell me on Instagram @codiesanchez or Twitter @codie_sanchez.
Also – let your voice be heard! Use #ChaseNegocios for their answers and give them a follow at the sites below. Lets show them what happens when small businesses and Latino-owned businesses come together.
Stream and subscribe to my podcast on iTunes click here.
Want to hear a podcast about how to find your why and passion? — Listen to my broadcast on Girl Power Hour Radio. Here I talk about 5 steps to finding what you want, and then executing.
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I'm A Multi-Passionate Entrepreneur: What Are you?
Aug 14, 2016
I Think You Should Question Everything - Especially Me
“I think in life we all were put here to figure out what exactly our unique talents are and then spend every ounce of ourselves in sharing them with the world. ”
— Codie Sanchez
Questions:
1. What do you do?
As Marie Forleo says, I'm a multi-passionate entrepreneur. What does that mean? I head a fashion styling company called ThreadsRefined, which is sort of like having your own personal celebrity stylist or Rachel Zoe on speed dial. We link top fashion experts with people like me, who hate shopping. I head an investment sales group in Latin America selling investments to large institutions and finally, my biggest passion of late, I write, podcast, blog and speak on all things life hacking, business building and lifestyle design right here.
2. What led you do to what you do?
I think in life we all were put here to figure out what exactly our unique talents are and then spend every ounce of ourselves in sharing them with the world. Life to me is an opportunity to voraciously learn, grow and then help others do the same, it's part of the responsibility we get for each day we are allowed to keep breathing. So my life has been in search of my why; from building an international finance business, to a fashion styling company, to traveling the world while doing it, to now helping share what I've learned.
3. What is, if you have one, your daily routine?
I'm a sucker for a process. I wake up in the morning at 6:00 each morning, start with meditation outside for 10 minutes using the Calm app (mosquitos be damned), drink a cup of coffee with coconut oil in it, and then dive into a quick 5 minute journal post followed by 3 hours of deep work. After that I let the day take me from meeting to meeting and email to email but after my strategic work is done.
4. Tell us about your latest project.
My current passion project is really www.codiesanchez.com and a little pen to paper I am putting on why the struggle isn't in fact real. What keeps astounding me is when people say things like, that's life, it's a grind, the struggle is real; I think just the opposite. My first question is always, what if it was easy? Then I go from there. I try not to overcomplicate things, to leverage those who know more than I do and to question the status quo. Doing that has led to some pretty incredible adventures for me from hiking Patagonia, Machu Picchu, surfing in Puerto Escondido, visiting Ankgor Wat and the great wall to learning archery and getting an MBA from Georgetown all while working.
5. What’s next on the horizon?
My podcast, The Struggle Isn't Real, is live on iTunes, and Stitcher soon which I'm thrilled about. It is about forgetting everything you've been told is possible, redefining the 9-5, and taking advantage of the entrepreneurs and innovators who have come before you.
6. What advice do you have for people aspiring to do what you do?
Ask for what you want. Always. Full period, stop. You'll be surprised what happens.
Proustian Questionnaire: -
Your favorite virtue. Persistance.
Your favorite vice. Selfishness.
Your favorite occupation. Curious cats of all kinds.
Your favorite pastime. Running or skateboarding while listening to a podcast (or really ridiculous gangster rap).
Your chief characteristic. Relentlessly and unabashedly curious.
Your idea of happiness. Me, beachside, sunset, stimulating conversation, on top of a surfboard after a full day mentally and physically.
Your favorite name. I love Joaquin, it's my grandfathers name. - If not you, who would you be? Honestly, I'm living the life I want to be living. It's far from perfect but I am really curious to see where it leads.
What's in your handbag? Too much crap. But my favorite items are a mophie phone charger, wireless head phones and I'm lost without my ipad.
What is your present state of mind? It's Sunday, I'm watching the sun set, thinking about life while answering all these questions, drinking a delicious Malbec. I'm pretty d*mn chill.
Your favorite motto. Money isn't the ultimate goal. The goal is freedom. To work on what you want, when you want and where you want, with whom you want.
How do you Adorn Differently? Heading a fashion company this is something I put some thought into. I love supporting boutiques and local Dallas stores first of all and that certainly includes Wendistry. I love wearing brands that mean something, from people that align with my values. Everything I put on says something about me and how I live, I like that message to be thoughtful and strategic.
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Like a story right out of the pages of our innermost diary, Christina’s tale is one we’ve all played out in our minds. What if we just quit our jobs, sold it all, and traveled the world? What if we did that thing that calls to us like a siren song? Christina Fabritz CEO & Founder of Flyburds, perpetual wander luster, reformed corporate exec, and 30 something, did just that. My favorite part of this interview is how relatable her story is for us all. From her Office Space like moment of almost losing it in her last company’s break room, to her wondering if she could do it, to the fact that it wasn’t some gut wrenching wake up call that hit her, it was a dirty coffee pot. This millennial version of Maureen Wheeler (Founder of Lonely Planet), shares what she does when fear tries to paralyze her, how she managed to fund her trip of more than 365 days, how she hasn’t paid rent in over a year, to the tools that changed the way she traveled. I hope you enjoy this authentic, soul searching interview from someone just like me and you, who forfeited the white picket fence and chose to take flight.
Her go to travel tools:
Triposo - Your own personal walking guide in any city, any time.
Lonely Planet - Her go to for all things travel related from recommendations, to hotels and everything in between.
Flyburds - If Lonely Planet, Cosmo and Reddit had a travel related love child focused on the fairer sex.
DUFL– Imagine never having a suitcase to lug around ever again. For business travel especially, they send you a duffle, you send them your clothes, they dry clean and have them prepped and ready at all your destinations. **We both haven't used this one but we are dying to!**
Want to hear another podcast about how to find your why and passion? — Listen to my broadcast on Girl Power Hour Radio. Here I talk 5 steps to finding what you want and then executing.
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Monday Slay Time... (One Post, 5 Goodies)
Jul 25, 2016
Here is your Monday Slay, 5 tips for making this week a game changer.
“If you do what you’ve always done, you’ll get what you’ve always gotten.””
— Tony Robbins
Scheduling is a b*tch isn't it? Calendly makes life a little easier. Simply sign up (it's free). It links to your calendar and you can send anyone you are meeting with your availability, set auto reminders, notifications etc. Don't underestimate the time we lose emailing back and forth scheduling. Multiply your Client/Subscriber List-LeadPages, think if you could mass text your clients an auto signup button, buy more hours button, or join our email list button all to their phone. Then when they click it sends them to an epic landing page. Boom baby, that is Leadpages. What I'm Reading - Oldie but a goodie, "Awaken the Giant Within," by Tony Robbins. He is the master of interventions and life changes. Read it bit by bit like a workbook, and see what happens. Quote I am ruminating on, "If you do what you've always done, you'll get what you've always gotten." - Tony Robbins. Best Money I've Spent - The wireless mouse, if you use a laptop, or travel often this will save you mountains of time and is a steal at $7.99. What do you think of Monday Slay? If you dig it please forward to a friend to sign up! I'd love to hear what you want more of, shout out to me on twitter @codie_sanchez. Thank you for going on this journey with me! Codie P.S. — Don't know where to start, but know you want to change something? In this post, I talk about how to become an expert in anything with small, easy steps to start you on your path. P.S.S. - There are no sponsorships for any items I recommend, and I only ever recommend something I use. Instead of sales stuff, just great stuff.
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Monday Slay Time... (One Post, 5 Goodies)
Jul 19, 2016
““Life is a gift and it offers us the privilege, opportunity, and responsibility to give something back by becoming more.” ”
— Tony Robbins
Inspiration: Check out Avicii's new album, Stories, what a pioneer. He blends music from Zac Brown Band, Coldplay, and Wyclef John, all to amazing beats. The songs are perfect for running, background work music, or if you are like me, living room dance parties. He is a great example of another human who is not one dimensional. His industry says you are dance music only, Avicii says no, I am all music. Favorite App-Way of Life. If you believe, like I do, that life is the small things repeated, this app may actually change your life. Too much? I don't know. It is the ultimate daily habit builder. Want to work out every day? Read nightly? Learn Spanish? Track it in the app with great graphics, trends, %'s and statistics. After 21 days see the magic happen. What I'm Reading - Everything I can on Pokemon Go. Anything that can become the #1 app on iTunes 1 week after launching is worth understanding. I've been researching VR and AR pretty consistently and believe with AI it is going to change our world. Quote I am ruminating on, "Life is a gift and it offers us the privilege, opportunity, and responsibility to give something back, by becoming more." - Tony Robbins. Find Me In - NYC this week. I'm doing SoulCycle . Have you tried it? It's like a motivational face kick. Then I'll be gaining it all back by eating at Sushi of Gari. Haven't been? Go to the sushi bar - you're welcome in advance. What recs do you have for me? What do you think of Monday Slay? If you dig it, please forward to a friend to sign up! I'd love to hear what you want more of, shout out to me on twitter @codie_sanchez. Thank you for reading, our tribe is growing my friends! Codie P.S. — Check out my new video (scroll to the bottom here) did you know 163 million americans admit to not liking their jobs? How can we have so much freedom but hate what we spend the most time on? P.S.S. - A little FYI, none of the items I mention are sponsored and I only ever recommend something I use. No sales stuff, just great stuff.
How To Become An Expert In Anything
Jul 10, 2016
Note: My articles often contain links to companies I invest/have stake in, or am an affiliate for, meaning we get a commission at no cost to you. I never promote anything I haven't used, or invested in, but since my tagline is to question everything, good to start here! Please see my disclosure page for more.
“Money isn’t the goal. The goal is to work where you want, when you want, and on what you want. - ”
— Codie Sanchez
Most people go after opportunities the traditional way. They want to get paid, get rich and get noticed but they do it wildly inefficiently. If you want to be in a certain industry you go interview at companies that are related, you major in it in college, you talk to people about how to get into the industry or you go get specialized degrees that cost you thousands (aka our giant college debt problem in the US). Let me show you why you are working much harder than you need to. Instead of going after jobs, let the jobs/opportunities come to you. How do you do that? You become an expert in your space. You get paid to be an influencer. This is not a get rich quick idea, this is you leveraging your unique skill and passion to a profitable and sustainable end. Think you don't have what it takes? In this episode with Girl Power Hour Radio, I talk about the five steps you can take right now to know more, in one week, than 99.9% of the population knows on your subject matter.
I hope you enjoy it!
QUESTION OF THE DAY: What was your favorite quote or lesson from this episode? Please let me know in the comments. Also I'd love to hear your stories on how you get paid to be an expert now!
Four Steps To Never Having to Interview Again
Can you imagine, never interviewing again? Never job hunting or checking in on employers. Sound like a too good to be true late night tv ad? It’s not. It’s simply bringing opportunities to you, instead of searching for opportunities. How? You become an expert. You build your personal brand, define your space, and create niche. There is extreme power in this. It allows opportunities to flow to you instead of you chasing them. No more interviews instead, people who want you will have to prove to you that they are someone YOU want to work with. Imagine interviewing companies instead of the other way around. That is what it means to be an expert.
Now you might say, that sounds amazing but how? Isn’t becoming an expert difficult?
This is when the little voice in our head creeps in telling us, but wait a second, I’m not an expert? Who am I to share my ideas? I’m too young, too inexperienced, I don’t know enough? What if I fail?
Stop it. As one of my influencers said to me, “Next time the devil tries to feed you nerves – you tell him you didn’t ask his opinion. You close your eyes and listen to your heart beat. Remember you’re supposed to be where you are and feel doubt wash away.” So start with quieting that internal hater.
This step is critical, because often fear is what stops us from taking the one step that will change it all. Click here to listen to real life examples of people doing just that! Now that we have kicked fear to the curb, the honest truth is that becoming an expert is nowhere near as difficult as we are told. Don’t even think about going back to school, put down the self help book, forget spending years toiling as an intern. This is something you can do on the side while still cashing your pay check. I’m going to break down exactly how to do it.
But first who am I to tell you any of this? I don’t proclaim to have it all figured out or be Sheryl Sandberg Jr, far from it, I love four letter words and crop tops WAY too much. I’m a millennial with all the typical trappings, but what I will admit is that I keep jumping over hurdles that others tell me are impossible, enjoying life with experiences that most people wait for retirement to do, and getting access and income far exceeding the norm. I’ve been a Latina journalist covering human trafficking in Mexico, a finance exec consulting with global pensions, a speaker talking about marketing to hundreds, a podcast host on The Struggle Isn’t Real, a startup CEO of ThreadsRefined on the Today Show, and a leader managing a global team in two businesses before the age of 30.
Now I think all of us struggle with sharing our inner badass, especially at Latino’s it just feels lack a like of humility. It’s funnier to talk down about our selves, isn’t it? So I share all of this not to tout how incredible I think I am, in fact I’m ridiculously normal, but to say that everything I have achieved is deliciously feasible. I’m convinced we can do infinitely more than we think we are capable. So if you are stuffed in a cubicle, trying to find what your “purpose” is, or just interested in how to have your cake and eat it too, you are in the right place.
So let’s get you started:
Step One: So you’re going to become an expert. What in? Don’t let this daunt you, whatever you choose does not need to be engraved on your tombstone.
Here’s how to find yours. What can you do for hours and get lost in? Have you had that feeling before where you are so engaged that time fades? When my fingers stroke a keyboard, there is a silence that takes over. So ask yourself, what is yours? Write down the last time you felt like that? Don’t panic if you can’t remember, allow yourself some time to ruminate. Most critically, be honest. It most likely wasn’t the last time you were building houses for the homeless, this is about you not your ego. Flush it out until you get 3-5 times that felt so delectably right.
Step Two: Paint the landscape
Who are the players in your new world? That means open excel right now, create a spreadsheet with 5 tabs 1) Experts 2) Conferences 3) Groups 4) Blogs 5) Books. Each one of these tabs you will fill up with 5 of the top centers of influence in your area to contact them, join them, and read them. Once you’re done you are legitimately more educated on your subject than 99% of the population. Congratulations.
Step 3: Create a Pitch
Don’t agonize. For everything that we have discussed done is better than perfect. You can do everything I just talked about in a coffee fueled weekend. Now get together a little pitch and a media kit. What does that mean? This means you need an email template to send to your top experts. Your goal? You want to help them, guest blog post, speak at conferences, be on podcasts, join the board, volunteer. Whatever it takes to get your name out. If you want mine tweet me at @codie_sanchez.
Step 4: Pound the proverbial pavement. Finally, pitching time.
This is a numbers game so try to collect no’s like people collect medals, every no gets you closer to someone who will say yes. I like using google drive so that I can share my list with my assistants for them update real time. So I create another tab, this one is just to track all my calls, emails and run in’s. I count the number of no’s like the stereotypical man counts the notches in his bed post, with pride.
That is it, four steps to expertise. Sometimes the simplest process is the best one.
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Codie Sanchez
Cannacurious? Here's our contrarians' guide to investing and getting a career into cannabis, or find out more information below:
This article is presented for informational purposes only, is an opinion, and is not intended to recommend any investment, and is not an offer to sell or the solicitation of an offer to purchase an interest in any current or future investment vehicle managed or sponsored by Entourage Effect Capital, LLC or its affiliates. Any such solicitation of an offer to purchase an interest will be made by a definitive private placement memorandum or other offering document.