Main Street Millionaire

Outline

Main Street Millionaire (2024) argues that one of the most reliable paths to wealth is buying and improving small, established businesses rather than starting from scratch or chasing risky startups. Codie Sanchez explains how to find these so-called boring businesses, evaluate them, finance a purchase, and run them better. The book offers a practical guide to building income and ownership.

• Buying a small, established business can be a more reliable path to wealth than starting from scratch.
• Risky startups are not the only route to ownership; overlooked, so-called boring businesses can produce steady cash flow.
• Finding a good small business and evaluating it carefully comes before any decision to buy.
• A purchase has to be financed, and smarter negotiation shapes how good the deal turns out to be.
• Buying is only the start: the value comes from running the business better and growing it.

Codie Sanchez is an American investor, entrepreneur, and author who founded Contrarian Thinking, a media and education company focused on buying and building small businesses. She has built a large online following by sharing practical advice about ownership and investing. Main Street Millionaire is her first book.