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【避坑指南】7个最不该买或开的生意 · 创业避雷

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P1【避坑指南】7个最不该买或开的生意 · 创业避雷 中英字幕19:00
P2【避坑指南】7个最不该买或开的生意 · 创业避雷 无字幕19:00

P1 · 【避坑指南】7个最不该买或开的生意 · 创业避雷 p01 中英字幕 (P1)

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时间英文中文
0:00The seven deadly businesses that you should never start or buy.你不应该开始或买的七个致命的生意
0:04That is what is on this episode today of the Big Deal Podcast.这就是今天《大交易》的剧集
0:07I'm Kody Sanchez.我是科迪・桑切斯。
0:08We're going to be talking about what is the right fit business for you,我们要谈的是什么适合你的生意
0:11what to never start and define the right acquisition for you.什么永远不要开始 定义正确的获取给你。
0:15Now, this is a new podcast.这是一个新的播客。
0:16It's all about buying businesses,都是为了买生意
0:19not just big thinking interviews or building businesses.不只是大思想的采访 或建立企业。
0:22We're going to do those too.我们也会这样做。
0:23So click off if you absolutely never want to be an owner,所以,点击,如果你绝对不想成为一个主人,
展开字幕全文(494 条)
序号英文中文
1The seven deadly businesses that you should never start or buy.你不应该开始或买的七个致命的生意
2That is what is on this episode today of the Big Deal Podcast.这就是今天《大交易》的剧集
3I'm Kody Sanchez.我是科迪・桑切斯。
4We're going to be talking about what is the right fit business for you,我们要谈的是什么适合你的生意
5what to never start and define the right acquisition for you.什么永远不要开始 定义正确的获取给你。
6Now, this is a new podcast.这是一个新的播客。
7It's all about buying businesses,都是为了买生意
8not just big thinking interviews or building businesses.不只是大思想的采访 或建立企业。
9We're going to do those too.我们也会这样做。
10So click off if you absolutely never want to be an owner,所以,点击,如果你绝对不想成为一个主人,
11never want to buy a business, never want to start one,从不想买生意 从不想创业
12and don't want to know about the seven that will absolutely murder you不想知道七个人会杀了你
13should you choose to start them.如果你选择开始。
14I'm going to start with a story that happened when somebody didn't listen to me我要从一个故事开始 当有人不听我的话
15and chose one of these seven deadly businesses.选择了这七个致命的生意之一
16So I remember I opened up this email with a frantic note from Mary.所以我记得我打开了这封邮件 上面写着玛丽的疯字
17I'm going to change her name because otherwise that would be rude.我要改变她的名字 否则那会很无礼
18She was one of my business buying community members她是我的生意之一 购买社区成员
19in our very first year of teaching other people.在我们教别人的第一年。
20And she bought her first business and it was not going well.她买了她的第一笔生意 却不顺利
21Losing money, partnership imploding, and an incoming lawsuit.失去金钱,合伙关系破裂, 和即将到来的诉讼。
22All the things that go bump in the night.夜里发生的一切
23So how did this happen?怎么会这样?
24Well, to make matters worse, she was a new mom with a baby that needed her.更糟糕的是,她是一个新妈妈 有孩子需要她。
25And I couldn't see any way out of her losing $100,000 on this deal.我无法从她身上找到任何出路 失去10万美元在这个交易。
26And I remember just thinking, God, Mary, what happened here?我记得我在想,上帝,玛丽,这里发生了什么?
27She was in the arena and it was hard,她当时在竞技场上,很辛苦
28but the worst part was this all could have been avoided.但最糟糕的是这一切本可以避免
29Here's what Mary did wrong.玛丽做错了
30She bought a restaurant franchise that was losing money, strike one.她买了一家餐厅的特许经营权 亏损了钱,一击。
31She then did a 50-50 partnership deal with someone she hadn't done business with before.然后她和以前没有交往过的人 做了五五十个合伙人的交易
32He brought no money to the table, but got all of his 50% of his equity on the very first day.他没有带钱到桌子上, 但得到了他所有50%的股本 在第一天。
33Yikes.哎哟
34Strike two.二击.
35Then she and her partner hired an inexperienced operator.然后她和她的伴侣雇佣了一个经验不足的操作员.
36He'd never done this before.他从来没有这样做过。
37Strike three.三击.
38Cherry on top of the business was a three-hour flight away from Mary's home.樱桃在生意上是离玛丽家三小时的航班.
39And I remember thinking like, dear sweet Mary, what the literal fuck?我记得我想,亲爱的玛丽, 什么字面他妈的?
40You know, we eventually got Mary out of this deal, thankfully.你知道,我们最终使玛丽 走出这个交易, 感激不尽。
41But even if she'd bought the restaurant and done everything else right,但即使她买下了餐厅 做了一切正确的事情
42she would have still found herself in a losing situation.她仍然会发现自己 处于一个失败的状况。
43Why?为什么?
44Because some businesses are deadly to your money, restaurants being one of them,因为有些生意对你的钱是致命的 餐馆也是其中之一
45and you should avoid them at all costs.你应该不惜一切代价避开他们
46Yes, you want to find the right business for you,是的,你想为你找到合适的生意,
47but if that business has such a high failure rate that you know you're going to lose,但是如果那个企业有这么高的失败率 你知道你会输
48treat it like a landmine.像地雷一样对待它。
49Don't go anywhere near it.别靠近它
50Whenever I buy a boring business, I'm obsessed with one thing, you guys.每次我买一个无聊的生意, 我迷恋一件事,你们这些家伙。
51Probabilities.概率
52What is the likelihood that my money leaving me comes back with more money as friends?我的钱留我回来时 作为朋友还有多少钱?
53That is the only game we play, and those are the only businesses we buy.这是我们唯一玩的游戏 这些是我们唯一买的生意
54So let's talk about those rascal businesses that love to murder your money.我们来谈谈那些喜欢谋杀你钱的流氓企业吧
55And then, just so you know, I want you to also take four things at the end of this video.然后,我想让你知道,我想让你 也拿四件事在这段视频的结尾。
56One, we only buy profitable businesses.一,我们只买盈利企业.
57Don't do what Mary did.别做玛丽做的事
58Two, you listen to the seven deadly sins.二,听七杀之罪.
59Three, we're going to do a whole different episode on partnerships.第三,我们要做一个完全不同的 有关伙伴关系的插曲。
60Please don't do 50-50 partnerships up front with no milestones请不要在前面做50到50个没有里程碑的伙伴关系
61and giving them all your money away up front.把你的钱都交给他们
62That's not how this works.事情不是这样的
63And four, let's make sure that your first business is close to you第四,我们确定你的第一行接近你
64so that you can go and deal with what will happen in any business, which is issues.这样你就可以去处理 任何生意中将发生的事情, 这就是问题。
65Okay, just the first four.好吧,只是头四个。
66All right, so the number one deadly business, restaurants.好吧,所以头号致命的生意,餐馆。
67I don't care if you're a foodie, your burgers are legendary,我不管你是不是美食家 你的汉堡很传奇
68and your buds all tell you that you should run your own restaurant.和你的芽都告诉你, 你应该经营自己的餐厅。
69Don't do it.
70Restaurants are for people who simply cannot exist without running one.餐厅是给那些根本无法生存而不经营的人的。
71They're not for making money.他们不是为了赚钱
72Now, you could say, is Cody just an asshole?科迪是个混蛋吗?
73Well, questionable.嗯,有问题。
74But no, I'm realistic.但我很现实
75The numbers don't lie.数字是不会说谎的
76The reason the numbers don't lie is that the average small business in the US数字不虚报的原因是 美国的普通小企业
77sells for around $800,000.售价约80万元.
78The average restaurant, that goes for about $198,000.一般的餐厅,大约是198,000美元。
79Why?为什么?
80Because 60% fail in the first year and 80% fail after four years.因为第一年有60%失败,四年后有80%失败.
81The restaurant business is one hard slog.餐厅的生意很麻烦
82I mean, can you imagine wrangling servers all day,我的意思是,你能想象 盘旋服务器一整天,
83guessing if fickle crowds will eat your three-day-old shrimp猜如果乱七八糟的人群 会吃掉你三天大的虾
84before they become completely irrelevant在他们变得完全无关之前
85and you have to throw them all away even though you spent thousands on it?就算你花了几千块 也要把它们都扔掉?
86No wonder banks don't lend to restaurants.难怪银行不借给餐馆
87If you don't believe me, also read Anthony Bourdain's book如果你不相信我,也读安东尼·布尔丹的书
88on how restaurants are terrible business and so many of them go under.关于餐馆如何是糟糕的生意 和这么多他们下去。
89Let me just save you that pain.让我帮你省下那痛苦吧
90And I know somebody in the comments is going to be like,我知道评论中有人会说
91but I make so much money on a restaurant.但我在餐馆赚了这么多钱
92And we're going to tell them thank you.我们要告诉他们谢谢你。
93We love eating at your place.我们喜欢在你家吃饭
94That's incredible.不可思议.
95Thank God some people are psychopathic enough to run a restaurant谢天谢地,有些人有精神病 足以经营一家餐馆
96and actually really, really good at it.并且真的,真的很擅长它。
97I just don't think it's the easiest one.我只是不认为这是最简单的一个。
98So no restaurants.所以没有餐馆。
99Number two, hotels.二号酒店
100Hotels aren't businesses.旅馆不是生意
101They're real estate with too many parts masquerading as a business.他们是房地产 太多零件伪装成生意
102The cash flow typically isn't enough to even cover the real estate transaction.现金流通常不足以支付不动产交易。
103If you are dying to own one, do a small version before you go mega.如果你渴望拥有一个, 在你进入巨型之前做一个小版本。
104Otherwise, I think it's a pass.否则,我认为这是通过。
105These things are expensive, massive wear and tear, asset heavy,这些东西是昂贵的,巨大的磨损, 资产沉重,
106and often include restaurants.而且经常包括餐馆。
107So they're also one of the few businesses所以他们也是少数生意之一
108where your customers require your help 24-7.你的顾客需要你24 -7的帮助
109If you're like a tippy, tippy, tippy top tier operator,如果你像一个尖端,尖端,尖端的顶端操作员,
110you can make a killin'.你可以杀人
111But we don't jump into shark-infested waters to start.但我们不会跳进受鲨鱼污染的水域开始。
112So this is a pass.所以这是个通行证
113Also, if you don't believe me on this,还有,如果你不相信我,
114go have some fun and look at the average margin on hotels.去找点乐子 看看酒店的平均差价
115Do you guys know they are negative margin?你们知道他们是负比值吗?
116Which means if I give you a hundred bucks in a hotel,也就是说如果我在酒店给你一百块
117you actually don't give me anything back.你其实不给我回任何东西。
118You cost me another 15 bucks.你花了我15块钱。
119They have a negative 15% margin on average.他们的平均差值为负15%。
120So you might go, well, wait a second, I see a lot of them.所以,你可能会去, 好了,等一下,我看到很多他们。
121How are they still up and running?他们怎么还在跑?
122It's through smart taxes and depreciation.是通过智能税和折旧.
123So it's really a real estate play.所以这真的是一个房地产游戏。
124And everything on top is not for money making.上面的一切都不是为了赚钱
125Okay, number three, retail storefronts.好吧,第三,零售店面。
126I know that it's every lady's dream to start a little boutique我知道每个女人都梦想着 开个小店
127with all your favorite things.你最喜欢的东西。
128You have your friends come in and you sell as many live, laugh, love,你让你的朋友进来 卖很多活的 笑的 爱的
129tease as your heart desires.随心所欲
130Boutique owning can be a fun job for a very bored,拥有宝蒂可是个无聊的工作
131very rich housewife who wants to pretend she runs a business非常有钱的家庭主妇 谁想假装她经营一个生意
132and her husband wants to fund it for her.她丈夫想给她钱
133Small problem, her business is actually awesome小问题,她的生意其实很棒
134at only one thing, burning money.只有一件事,烧钱。
135So just to be fair, it's not just ladies.公平说来 不只是女士
136Don't come at me in the comments.别在评论中来找我
137Many a gent wants to own that store with a bourbon bar有很多先生想拥有那家有波本酒酒吧的店
138and clothes that are actually cool, man.和衣服其实很酷,男人。
139Nine times out of 10, terrible businesses.10次中9次, 可怕的企业。
140The future in retail continues to be online,零售业的未来仍然是在线的,
141except in high traffic, like experienced based areas.除了交通繁忙,像经验丰富的地区。
142Just ask, I don't know, Dillards anywhere.只是问,我不知道,迪拉德斯任何地方。
143旗舰Dillards是20万平方英尺,
144dark and empty store these days.现在又黑又空的店
145If I had to own retail, I'd own luxury如果我必须拥有零售业,我会拥有奢侈品
146because rich people pay more to solve their problems.因为有钱人多花钱解决他们的问题
147But unless you're buying Louis Vuitton or Christian Dior,但是除非你买路易・威顿或者克里斯蒂安・迪奥
148both of which were massively distressed by the way两人都因路途而惨遭折磨
149and had to be turned around through a merger now known as LVMH,不得不通过合并转身 现在被称为LVMH,
150I'd be a hard pass.我会很难通过。
151Here's why.这是为什么。
152One, you buy product up front, which means there's no float.一,你买的产品前面, 这意味着没有浮。
153Float basically means that you can get some productsFloat基本上意味着你可以得到一些产品
154to sell before having to pay for it.在买单之前先卖掉
155So when you buy retail supplies to sell in your store,所以当你购买零售用品 在你的商店销售,
156you pay up front.你付了钱
157They ship those items to you, which you need to stock他们把这些东西运送给你,你需要储存
158and likely hold for a season to start.并可能保持一个季节开始。
159Leftover inventory, too bad.剩下的存货,太糟糕了。
160Order new fall styles in summer, even though you can't sell them夏天订新的秋天风格,虽然你不能卖
161for 60 to 90 days, ouch.60到90天,呜呜
162Two, high rent for high traffic.二,高架交通租金高.
163The cashflow realities of a high overhead business model高间接费用业务模式的现金流动现实
164like specialty retail are like not to be messed with.喜欢专业零售 喜欢不惹麻烦。
165Most won't ever tell you how much they really make.多数人不会告诉你他们赚了多少钱
166Like a lot of these mom and pop stores,像很多这些妈妈和流行商店,
167they're funded by people with just a lot of cash.他们由有钱人资助
168It's like a defective side project这就像一个缺陷的副项目
169or to bolster a brand's online e-commerce business.或支持品牌的在线电子商务业务。
170And you live and die by sales per square foot.你靠每平方英尺的销售量来维持生死
171But in order to get enough volume,但是为了得到足够的体积,
172AKA people coming in and paying you,AKA的人进来付你钱
173you have to pay rent that's high.你要付高额租金
174The third is tough financials.第三是财政困难.
175The high turnover of inventory, all your stuff,库存的高周转率,所有你的东西,
176necessary to keep customers coming back,要让顾客回来
177gives me more issues that I'm willing to deal with.给我更多的问题 我愿意处理。
178So what do you stock?你储存什么?
179When?什么时候?
180How do I ensure my lower pay employees aren't stealing?我如何保证我的低薪员工不偷窃?
181How come no one will give me a loan to start this business?为什么没人会借我钱来创业?
182Those are all fair questions.这些都是公平的问题。
183Your largest problem won't be your gross margin,你最大的问题不会是总比分
184AKA what percentage you make on each item you buy and sell.AKA 你每个买卖物品的百分率
185It'll be your net profit and getting enough volume它会是你的净利润 和得到足够的量
186to handle your fixed costs.处理固定费用。
187So like I got 100 bucks in rent every single month,我每个月都有100块的房租
188I got to pay, but I only sell 20 bucks worth of clothes.我得付钱 但我只卖价值20美元的衣服
189Rutt-Rell.鲁特 -雷尔.
190Hey guys, if you've ever thought about buying a business,嘿,伙计们,如果你曾经想过 买一个生意,
191we've built what I think is the best acquisitions我们建造了我认为最好的收购
192in business buying community在商业购买社区
193and education curriculum in the world.以及世界上的教育课程。
194If you've ever thought about wanting to buy如果你曾经想过要买
195or own a business或拥有企业
196or if you want to add more businesses to the mix,或者,如果你想增加 更多的业务组合,
197it's called the contrarian community.它被称为反派社区。
198And what this is, is the goal is,目标就是
199we give you the three things我们给你三件事
200that the best business buyers use.最好的商业买家使用。
201Your own advisory team,你自己的顾问团队
202your own investment committee,你自己的投资委员会,
203and a deal team.和交易团队。
204We get together each week to review deals live我们每星期聚在一起 现场审查交易
205{\fn黑体\fs22\bord1\shad0\3aHBE\4aH00\fscx67\fscy66\2cHFFFFFF\3cH808080}把你们现在看的所有交易都搞砸
206while you simultaneously learn the best way possible,同时学习最好的方法
207which is called modeling这叫做建模
208by seeing other people put together deals.通过看到其他人 整理交易。
209This is how private equity buys businesses.这就是私募股权购买企业的方式.
210This is how investment teams work.这就是投资团队的工作方式。
211And we're stealing the methods from Wall Street我们从华尔街偷东西
212and giving them to you.并把它们给你。
213If this is interesting to you, go to click the link如果您感兴趣, 请点击链接
214and you can actually talk to my team direct你可以直接跟我的团队谈
215about if this is a fit or not.如果这是否适合。
216We can help guide you.我们可以帮助引导你。
217The link is in the show description.链接在节目描述中.
218Number four, what I don't like.第四,我不喜欢的东西。
219The number four business I don't love, consulting firms.四号生意我不爱,咨询公司。
220Consulting firms have one thing more dangerous咨询公司有一件事更危险
221than almost anything else in business几乎是生意上的一切
222that you're gonna buy.你会买。
223And that's called key man risk or owner centric risk.这被称为关键人物风险或主人核心风险.
224When the head honcho consultant当首席顾问
225with all the relationship leaves,与所有的关系离开,
226there goes your business right along with it.你的生意也随之而来
227Even at a smaller size consulting firms,即使在规模较小的咨询公司
228they require too much capital他们需要太多的资本
229in the business attached to your consultants,在你的顾问的生意,
230AKA labor costs.AKA的劳动力成本。
231People are expensive.人贵.
232It's kind of also not a business,也有点不是什么生意
233but a collection of individual jobs.但收集个人工作。
234So don't buy jobs.所以不要买工作。
235There's two ways around this though, in my opinion.但有两种方法,在我看来。
236One is government consulting firms一是政府咨询公司
237that transition from one specialty group从一个专业组的过渡
238like a veteran or female owned owner to the next.就像老兵或女主人一样
239These have like long-term contracts, strong margins, great.这些合同像长期合同, 强大的利润,伟大的。
240Two, if you have a consulting firm第二,如果你有一家咨询公司
241that is highly established, many levels of engagement,高度确定,许多层次的参与,
242no one key consultant and ideally productized services没有一位关键顾问,也没有理想的服务
243that are not customizable could be great.不习惯的 可能是伟大的。
244I think one of the kisses of death我觉得死亡的吻之一
245to actually enjoy and running a business真正享受和经营企业
246is playing the RFP game.正在玩 RFP 游戏。
247You guys know what that is?你们知道这是什么吗?
248It's basically where somebody says,基本上就是有人说,
249can you please customize this thing specifically for me?你能帮我定制一下吗?
250You do all this work ahead of time.你早点做这些工作
251Then you send them your plan for them那你就把计划发给他们
252and they tell you, no, I chose somebody else.他们告诉你,不,我选择了别人。
253So you basically don't even get the business,所以你基本上连生意都得不到
254which means your clients get to ask you也就是说你的客户可以问你
255to do all this work upfront做所有这些工作前
256and you have to prove you're going to do work well你必须证明你会做得很好
257for them later, but they don't have to pay you.晚点给他们,但他们不用付你钱
258So I'm a pass.所以我是传球
259Show me the money.给我看钱
260Then we can talk RFPs.然后我们可以谈谈RFPs。
261The fifth business, personal brands.第五行 个人品牌.
262Until AI completely takes over直到AI完全接管
263and can deep fake mimic everything,并且能模仿一切,
264which is probably like tomorrow,这可能是像明天,
265you can't transition a personal brand to yourself.你不能把自己的品牌转换成自己。
266I've seen lots of people try to sell我见过很多人想卖
267他们的脸牌YouTube账户,
268social site or education business.社会网站或教育事业。
269Again, with their face all over it,再说一遍,满脸都是
270it doesn't really work.没用的
271Key man risk, because once somebody sells their business,关键人物冒险 因为一旦有人卖掉他们的生意
272they're about as engaged in running it他们都参与经营了
273as your cat is interested in coming when it's called, right?因为你的猫 有兴趣来的时候它叫,对不对?
274Unless you tie the deal to a ton of cash,除非你把交易与一吨现金挂钩
275it'll be a slog that ends in failure.这会是一场失败
276Now, if you insist on doing one of these deals,如果你坚持做这些交易
277do me a solid, buy the rights to their likeness.帮我打个招呼,买下他们的权利
278Also, a famous-ish example is this guy, James Altucher.另外,一个著名的例子是这个家伙,詹姆斯·阿尔图赫.
279He sold a newsletter to Agora Financial他把通讯卖给了Agora金融公司
280and I know James, he's a great guy,我知道詹姆斯 他是个好人
281for I'd guess eight figures, I didn't ask him.因为我猜到八个数字, 我没有问他。
282And they had the right to email他们有权发电子邮件
283for a set period of time as him.作为他的固定时间段。
284So no one knew the difference.所以没人知道区别
285The downside is I would never do that deal缺点是 我绝不会做那笔交易
286that James did.詹姆斯说的
287Could you imagine that, like what if all of a sudden,你能想象一下吗? 突然之间
288if I sold my likeness, next thing you know,如果我卖了我的像, 接下来的事情你知道,
289I'd be in your inbox in a bikini我会穿着比基尼在你的信箱里
290asking you to buy fucking crypto.让你买他妈的密码
291And now you see both sides of the coin.现在你看到硬币的两面。
292Also, I'm probably too old for them to want to use而且,我可能太老了 他们想用
293in a bikini, but you get the idea.在比基尼, 但你得到这个想法。
294Number six, Amazon FBA drop shipping.6号,亚马逊FBA投放货运.
295So fulfillment by Amazon FBA亚马逊FBA的表演
296doesn't sound like a bad idea at first.一开始听起来不错
297I mean, who doesn't want to look我的意思是,谁不想看
298like the before and after image of Jeff Bezos?就像杰夫·贝佐斯的前后形象?
299Billions will take you from nerd to jacked pretty quick.亿万将带你从书呆子到抢劫相当快。
300You get to leverage Amazon's massive scale and logistics.你可以利用亚马逊的大规模物流
301They handle all the fulfillment,他们处理所有的实现,
302AKA sending and shipping your orders.AKA给你发货
303All you need to do is set up the listing pages你只需要设置列表页
304that Amazon kind of takes care of the rest.亚马逊会照顾其他的
305They'll send you the customers via search, supposedly.他们会通过搜查把顾客送到你那里
306They'll handle product storage, shipping and handling他们负责产品储存、运输和装卸
307all while you collect checks.在你收支票的时候
308Heck, you could even pay one of those lovely TikTokers,你甚至可以付钱给那些可爱的TikTokers
3095K to 20K, and they'll set up your store for you.5K到20K,他们会为你建立你的商店。
310But here's the dirty truth.但此五脏真言.
311That is so scammy.这太滑稽了
312The only way people can reliably make money人能可靠赚钱的唯一途径
313with drop shipping through fulfillment by Amazon由亚马逊公司完成
314is to teach others how to do it.就是教别人怎么做
315And here's why I would never ever do this type of business.这就是为什么我永远不会做这种生意。
316One platform risk.一个平台风险。
317Amazon controls everything.亚马逊控制一切
318The biggest feature is also the biggest bug.最大的特征也是最大的bug.
319What happens when Amazon decides your product is a scam当亚马逊决定你的产品是骗局时会发生什么
320because a competitor puts up a bunch of fake reviews?因为竞争者会编造一堆假评论?
321That happens.就是这样
322I actually know a guy that was doing 1.5 million in sales其实我认识一个卖150万的人
323and had his account banned for fake negative reviews.并禁止他的账户 假负面评论。
324They couldn't get it back for 90 days,他们90天都拿不回来
325by which time he'd gone out of business那时他已经失业了
326because they didn't have enough cash on hand.因为他们手头没有足够的现金
327Another crippling scenario.另一场惨剧
328Amazon gets all your data on how incredible your niche is亚马逊得到了你所有的数据 有关你的优势是多么不可思议
329and duplicates your product复制您的产品
330with a cheaper version of their own.更便宜的版本他们自己的。
331They instantly become the number one search result他们立刻成为第一搜索结果
332and your sales drop permanently.你的销量会永久下降
333This happens all the time, by the way.顺便说一句 这经常发生
334The next reason is it's really competitive.下一个原因是它真的很有竞争力。
335The barriers to entry to this game are lower than,进入此游戏的障碍小于,
336I don't know, FTX's actual balance sheet was.我不知道,FTX的实际资产负债表是。
337Amazon is flooded with me-too sellers亚马逊被我卖家淹没了
338pushing their knockoff products right and left.向左和向左推开他们的产品
339The Chinese in particular are impressively fast特别是中国人速度很快
340at copycatting products,在复制品中,
341even before we got into our little trade tiff with them.甚至在我们和他们开始交易之前
342So their speed is almost as impressive因此,他们的速度几乎 令人印象深刻
343as their indifference to the actual word's intellectual property.他们漠视实际的知识产权
344Chinese sellers outnumber U.S. sellers by almost 3x on Amazon.亚马逊的中国卖家数量几乎超过美国卖家3x.
345So often it's just a matter of time before they crush you.他们常常会把你压扁
346And then lastly, Amazon sets your price.最后,亚马逊决定了价格
347Amazon actually uses a bot army亚马逊实际上使用机器人军队
348to scrape other websites for pricing information.用于刮去其他网站的定价信息。
349Let's say you list on Amazon and your website.假设你在亚马逊 和你的网站上列出。
350If they see your price is too high,如果他们看到你的价格太高
351they may shadow ban your account, which is a sales killer.他们可能会暗中禁止你的帐户, 这是一个销售杀手。
352So if you want to sell higher on your own website如果你想在自己的网站上卖得更高
353or everywhere else, it's a no.或任何地方, 这是一个不。
354Even if you sell your own branded products on Amazon,即使你在亚马逊出售自己的品牌产品
355it doesn't mean that you get to set your own prices.这并不意味着你可以自己定价
356All right, one of my least favorite businesses of all time,好吧 我最不喜欢的生意之一
357dry cleaners.干洗剂
358Why?为什么?
359You might say Cody loves laundromats你可能会说科迪喜欢洗衣店
360and hates dry cleaning.讨厌干洗
361Yes, I do.是的,我会的。
362Dry cleaners appear to be a stable, reliable business,干洗机似乎是一个稳定可靠的企业,
363but the truth is the chemicals used in dry cleaning但事实上是干洗用的化学品
364are often toxic.通常有毒。
365And if you're not up to code,如果你没有达到密码,
366the cleanup costs can be insane.清理费用可能太高了
367It also makes it really difficult也很难做到
368to find reliable employees who want to stick around.找到可靠的雇员 谁想留下来。
369So the reason that I don't like dry cleaners所以我不喜欢干洗工的原因
370is this big word called remediation,这个大字叫做补救
371which basically means if the toxicity gets into the ground,这基本上意味着如果毒性 进入地面,
372which it often does,它经常这样做,
373then you are responsible for any third party effects of that.那你要对第三方的影响负责
374That is scary.这是可怕的。
375Now, what's the rule?现在,是什么规则?
376All of these businesses have some combination of所有这些企业都有一些组合
377high failure rate,高故障率,
378asymmetric risk,不对称风险,
379high expense,费用高,
380low transferability.低可转让性。
381We don't want that.我们不希望那样。
382Now that you know the seven deadly businesses to avoid,现在你知道七个致命的生意要避免
383we can move on to the next step.我们可以继续下一步
384Let's talk about finding what you want as an owner,我们来谈谈你作为主人想要什么
385what I call knowing thyself我称之为了解你自己
386and defining your unique deal box.并定义你独特的交易框。
387I want to talk about how to choose the business我想谈谈如何选择生意
388that's right for you.没错
389The most common DM I get goes like this.我得到的最常见的DM是这样。
390What type of boring business should I buy for cashflow?我该买哪种无聊的生意来换现金?
391What you really want to know is你真正想知道的就是,你确实想知道
392should you go out and buy a laundromat,如果你出去买洗衣机,
393a car wash, a package ship, a mini storage?洗车 货船 迷你仓库?
394But a horrible answer would be for me to tell you one of those但一个可怕的答案是 让我告诉你其中之一
395because it's the wrong question to begin with.因为它是一个错误的问题 首先。
396The better question to ask is this.最好的问题就是这个
397What type of boring business is right for me?哪种无聊的生意适合我?
398The truth is there is no such thing事实是,没有这样的事情
399as the right or wrong business.做对或错的事
400There is only the right or wrong business for you.你只有对错的事
401So buying a business is kind of like dating.所以买生意就像约会
402It's not one size fits all.这不是一个尺寸适合所有。
403It's deeply personal and it needs to be in sync这是很私人的,需要同步
404with who you are, what you can handle,与你是谁,你能处理什么,
405and where you see your life heading.和你的人生走向。
406The worst thing you can do is dive headfirst into a business最糟糕的就是先下潜到企业去
407that's completely misaligned with your financial needs,这与你的财政需要完全不符
408your risk tolerance, and lifestyle preferences.你的风险容忍, 和生活方式偏好。
409So before we talk about the what,所以在讨论之前
410we need to talk about the who, which is you.我们需要谈谈你是谁
411So I want to set you up for success所以我想为你成功而设
412by ensuring you pick the right starting point.通过确保您选择正确的起点。
413Your first task is to choose the level您的第一个任务是选择级别
414that's best suited to where you are and where you're going这最适合你在哪里,你要去哪里
415because businesses change materially因为企业发生了实质性变化
416at each level of the game.在游戏的每个关卡。
417So they require a different operator, a buyer.所以他们需要不同的操作者,买家。
418Pretty critical you start at the right level.相当关键 你从正确的层面开始。
419So if you guys want to see what level of business所以,如果你们想知道 什么样的业务水平
420is right for you, then I want you to do this.你是对的,然后我要你这样做。
421I want you to make sure you click this download.我要你确保点击这个下载。
422It will help you figure out the right business for you.这会帮助你找到合适的生意
423For business buying in particular,特别是对于购买企业,
424it's all about your perfect fit business.这是关于你完美的 合适的业务。
425So what are you looking at here?你在这看什么?
426你在看Venn图
427So basically three circles here.所以这里基本上有三个圆圈。
428And on each one is going to be something每一个都会有所作为
429that I need from you before you pick a business.在你做生意之前我需要你帮忙
430Over to the left, we have your passions.左边有你的激情
431These are going to be the things that you love to do,这些将是你喜欢做的事情,
432that you would do even if nobody pays you.即使没人付钱你也会这么做
433But you don't get paid for being passionate,但你不会因为热情而得到报酬
434you get paid for being good.你会因为做善事而得到报酬
435So on the bottom left is going to be your skills.所以左下方是你们的技能
436What are you actually good at?你到底擅长什么?
437What do people ask you to do?人们要求你做什么?
438What do people ask for your opinion on?人们问你的意见是什么?
439And on the right is going to be your network.右边是你们的网络
440Who do you know?你认识谁?
441Do you have an accountant friend你有会计朋友吗?
442who actually could help you buy an accounting business?谁能帮你买个会计业务?
443Is your other friend actually a plumber?你另一个朋友是水管工吗?
444And so they could help you buy a plumbing business所以他们可以帮你买个管道生意
445because they would know how to run it.因为他们会知道如何运行它。
446Maybe your dad's a lawyer.也许你爸爸是律师
447He could help you with due diligence.他可以尽力帮你
448So we want you to fill out this perfect fit Venn diagram.所以我们要你填上这个完美合身的Venn图.
449And if you do that, you're going to like our next episode.如果你这样做,你会喜欢我们的下一集。
450So make sure you subscribe.所以,确保你订阅。
451This is going to be your first step这是你的第一步
452to figuring out the right business for you to buy.找出合适的生意给你买。
453Hey, I have something special for you嘿,我有些特别的东西给你
454for being such a loyal listener这么忠实的听众
455because you're here with me all the time.因为你一直在我身边
456I get asked by a bunch of you,一群人问我,
457how do I tell if I should buy a business or not?我该如何判断我是否应该买个生意?
458Should you buy a business or not?你买不买?
459What price should you buy a business at?你买什么生意?
460How do you structure your deal?你怎么安排你的交易?
461I got you, fam.我扶着你,范姆。
462So I'm going to gift you our deal calculator.所以我要给你我们的交易计算器。
463Every time I look at a deal,每次我看一个交易,
464I grab the numbers, plug it in here,我拿数字,插在这里,
465and see how much money I could make or lose看看我赚了多少钱,还是输了多少
466if I did a good or bad deal.如果我做了一个好或坏的交易。
467So this is my gift to you.这就是我给你的礼物
468And if you're serious about buying a business,如果你真的想买个生意
469we want to help you.我们想帮你
470You can talk to my team about if you're a fit你可以跟我的团队说说,如果你是合适的
471for our business buying community or curriculum.我们的企业购买社区或课程。
472No matter what, here's your free gift.不管怎么样 这是你的免费礼物
473And if you need a hand to hold, I got you too.如果你需要帮忙,我也有你
474Hey, crew, this is so cool.嘿,伙计们,这太酷了。
475The podcast is growing like crazy,播客越来越疯狂了
476and it's only actually because of one thing, you.这其实只是因为一件事,你。
477I don't know if you know this,我不知道,如果你知道这一点,
478but the only way the Big Deal Pod grows但只有这样,大交易才有发展
479is when you share it with somebody else.当你和别人分享它。
480We don't do ads, we don't do pay for play,我们不做广告,不支付游戏费用,
481we don't go on other people's podcasts and talk about it.我们不会去别人的播客 谈论它。
482So if you think there was something helpful here,所以如果你觉得这里有帮助的话
483if we made you money,如果我们给你钱,
484we made you think about your business or life differently,我们让你思考 你的生意或生活不同,
485the most beautiful thing you can do for me is share it.你能为我做的最美的事就是分享
486And the most beautiful thing you can do还有你所能做的最美的事
487for someone that you care about is to share it with them,对于你关心的人 是分享给他们,
488help them grow alongside you.帮她们跟你一起长大
489So please share the pod, that's how we grow.所以请分享舱, 这就是我们如何成长。
490And also tag me on anything you share.并标签我的任何你分享。
491I love resharing other builders across Instagram,我喜欢在Instagram重新分享其他建筑师
492Twitter, and all other platforms.Twitter,以及所有其他平台.
493Thank you from the bottom of my heart.从心下谢.
494You're super important to me.你对我很重要
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P2 · 【避坑指南】7个最不该买或开的生意 · 创业避雷 p02 无字幕 (P2)

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时间英文中文
0:00The seven deadly businesses that you should never start or buy.你不应该开始或买的七个致命的生意
0:04That is what is on this episode today of the Big Deal Podcast.这就是今天《大交易》的剧集
0:07I'm Kody Sanchez.我是科迪・桑切斯。
0:08We're going to be talking about what is the right fit business for you,我们要谈的是什么适合你的生意
0:11what to never start and define the right acquisition for you.什么永远不要开始 定义正确的获取给你。
0:15Now, this is a new podcast.这是一个新的播客。
0:16It's all about buying businesses,都是为了买生意
0:19not just big thinking interviews or building businesses.不只是大思想的采访 或建立企业。
0:22We're going to do those too.我们也会这样做。
0:23So click off if you absolutely never want to be an owner,所以,点击,如果你绝对不想成为一个主人,
展开字幕全文(585 条)
序号英文中文
1The seven deadly businesses that you should never start or buy.你不应该开始或买的七个致命的生意
2That is what is on this episode today of the Big Deal Podcast.这就是今天《大交易》的剧集
3I'm Kody Sanchez.我是科迪・桑切斯。
4We're going to be talking about what is the right fit business for you,我们要谈的是什么适合你的生意
5what to never start and define the right acquisition for you.什么永远不要开始 定义正确的获取给你。
6Now, this is a new podcast.这是一个新的播客。
7It's all about buying businesses,都是为了买生意
8not just big thinking interviews or building businesses.不只是大思想的采访 或建立企业。
9We're going to do those too.我们也会这样做。
10So click off if you absolutely never want to be an owner,所以,点击,如果你绝对不想成为一个主人,
11never want to buy a business, never want to start one,从不想买生意 从不想创业
12and don't want to know about the seven that will absolutely murder you不想知道七个人会杀了你
13should you choose to start them.如果你选择开始。
14I'm going to start with a story that happened when somebody didn't listen to me我要从一个故事开始 当有人不听我的话
15and chose one of these seven deadly businesses.选择了这七个致命的生意之一
16So I remember I opened up this email with a frantic note from Mary.所以我记得我打开了这封邮件 上面写着玛丽的疯字
17I'm going to change her name because otherwise that would be rude.我要改变她的名字 否则那会很无礼
18She was one of my business buying community members她是我的生意之一 购买社区成员
19in our very first year of teaching other people.在我们教别人的第一年。
20And she bought her first business and it was not going well.她买了她的第一笔生意 却不顺利
21Losing money, partnership imploding, and an incoming lawsuit.失去金钱,合伙关系破裂, 和即将到来的诉讼。
22All the things that go bump in the night.夜里发生的一切
23So how did this happen?怎么会这样?
24Well, to make matters worse, she was a new mom with a baby that needed her.更糟糕的是,她是一个新妈妈 有孩子需要她。
25And I couldn't see any way out of her losing $100,000 on this deal.我无法从她身上找到任何出路 失去10万美元在这个交易。
26I remember just thinking, God, Mary, what happened here?我记得我在想,上帝,玛丽,这里发生了什么?
27She was in the arena and it was hard,她当时在竞技场上,很辛苦
28but the worst part was this all could have been avoided.但最糟糕的是这一切本可以避免
29Here's what Mary did wrong.玛丽做错了
30She bought a restaurant franchise that was losing money, strike one.她买了一家餐厅的特许经营权 亏损了钱,一击。
31She then did a 50-50 partnership deal with someone she hadn't done business with before.然后她和以前没有交往过的人 做了五五十个合伙人的交易
32He brought no money to the table, but got all of his 50% of his equity on the very first day.他没有带钱到桌子上, 但得到了他所有50%的股本 在第一天。
33Yikes.哎哟
34Strike two.二击.
35Then she and her partner hired an inexperienced operator.然后她和她的伴侣雇佣了一个经验不足的操作员.
36He'd never done this before.他从来没有这样做过。
37Strike three.三击.
38Cherry on top of the business was a three-hour flight away from Mary's home.樱桃在生意上是离玛丽家三小时的航班.
39And I remember thinking like, dear sweet Mary, what the literal fuck?我记得我想,亲爱的玛丽, 什么字面他妈的?
40You know, we eventually got Mary out of this deal, thankfully.你知道,我们最终使玛丽 走出这个交易, 感激不尽。
41But even if she'd bought the restaurant and done everything else right,但即使她买下了餐厅 做了一切正确的事情
42she would have still found herself in a losing situation.她仍然会发现自己 处于一个失败的状况。
43Why?为什么?
44Because some businesses are deadly to your money, restaurants being one of them,因为有些生意对你的钱是致命的 餐馆也是其中之一
45and you should avoid them at all costs.你应该不惜一切代价避开他们
46Yes, you want to find the right business for you,是的,你想为你找到合适的生意,
47but if that business has such a high failure rate that you know you're going to lose,但是如果那个企业有这么高的失败率 你知道你会输
48treat it like a landmine.像地雷一样对待它。
49Don't go anywhere near it.别靠近它
50Whenever I buy a boring business, I'm obsessed with one thing, you guys.每次我买一个无聊的生意, 我迷恋一件事,你们这些家伙。
51Probabilities.概率
52What is the likelihood that my money leaving me comes back with more money as friends?我的钱留我回来时 作为朋友还有多少钱?
53That is the only game we play, and those are the only businesses we buy.这是我们唯一玩的游戏 这些是我们唯一买的生意
54So let's talk about those rascal businesses that love to murder your money.我们来谈谈那些喜欢谋杀你钱的流氓企业吧
55And then, just so you know, I want you to also take four things at the end of this video.然后,我想让你知道,我想让你 也拿四件事在这段视频的结尾。
56One, we only buy profitable businesses.一,我们只买盈利企业.
57Don't do what Mary did.别做玛丽做的事
58Two, you listen to the seven deadly sins.二,听七杀之罪.
59Three, we're going to do a whole different episode on partnerships.第三,我们要做一个完全不同的 有关伙伴关系的插曲。
60Please don't do 50-50 partnerships up front with no milestones请不要在前面做50到50个没有里程碑的伙伴关系
61and giving them all your money away up front.把你的钱都交给他们
62That's not how this works.事情不是这样的
63And four, let's make sure that your first business is close to you第四,我们确定你的第一行接近你
64so that you can go and deal with what will happen in any business, which is issues.这样你就可以去处理 任何生意中将发生的事情, 这就是问题。
65Okay, just the first four.好吧,只是头四个。
66All right, so the number one deadly business, restaurants.好吧,所以头号致命的生意,餐馆。
67I don't care if you're a foodie, your burgers are legendary,我不管你是不是美食家 你的汉堡很传奇
68and your buds all tell you that you should run your own restaurant.和你的芽都告诉你, 你应该经营自己的餐厅。
69Don't do it.
70Restaurants are for people who simply cannot exist without running one.餐厅是给那些根本无法生存而不经营的人的。
71They're not for making money.他们不是为了赚钱
72Now, you could say, is Cody just an asshole?科迪是个混蛋吗?
73Well, questionable.嗯,有问题。
74But no, I'm realistic.但我很现实
75The numbers don't lie.数字是不会说谎的
76The reason the numbers don't lie is that the average small business in the US数字不虚报的原因是 美国的普通小企业
77sells for around $800,000.售价约80万元.
78The average restaurant, that goes for about $198,000.一般的餐厅,大约是198,000美元。
79Why?为什么?
80Because 60% fail in the first year and 80% fail after four years.因为第一年有60%失败,四年后有80%失败.
81The restaurant business is one hard slog.餐厅的生意很麻烦
82I mean, can you imagine wrangling servers all day,我的意思是,你能想象 盘旋服务器一整天,
83guessing if fickle crowds will eat your three-day-old shrimp猜如果乱七八糟的人群 会吃掉你三天大的虾
84before they become completely irrelevant在他们变得完全无关之前
85and you have to throw them all away even though you spent thousands on it?就算你花了几千块 也要把它们都扔掉?
86No wonder banks don't lend to restaurants.难怪银行不借给餐馆
87If you don't believe me, also read Anthony Bourdain's book如果你不相信我,也读安东尼·布尔丹的书
88on how restaurants are terrible business and so many of them go under.关于餐馆如何是糟糕的生意 和这么多他们下去。
89Let me just save you that pain.让我帮你省下那痛苦吧
90And I know somebody in the comments is going to be like,我知道评论中有人会说
91but I make so much money on a restaurant.但我在餐馆赚了这么多钱
92And we're going to tell them thank you.我们要告诉他们谢谢你。
93We love eating at your place.我们喜欢在你家吃饭
94That's incredible.不可思议.
95Thank God some people are psychopathic enough to run a restaurant谢天谢地,有些人有精神病 足以经营一家餐馆
96and actually really, really good at it.并且真的,真的很擅长它。
97I just don't think it's the easiest one.我只是不认为这是最简单的一个。
98So no restaurants.所以没有餐馆。
99Number two, hotels.二号酒店
100Hotels aren't businesses.旅馆不是生意
101They're real estate with too many parts masquerading as a business.他们是房地产 太多零件伪装成生意
102The cash flow typically isn't enough to even cover the real estate transaction.现金流通常不足以支付不动产交易。
103If you are dying to own one, do a small version before you go mega.如果你渴望拥有一个, 在你进入巨型之前做一个小版本。
104Otherwise, I think it's a pass.否则,我认为这是通过。
105These things are expensive, massive wear and tear, asset heavy,这些东西是昂贵的,巨大的磨损, 资产沉重,
106and often include restaurants.而且经常包括餐馆。
107So they're also one of the few businesses所以他们也是少数生意之一
108where your customers require your help 24 seven.顾客需要你的帮助 247
109If you're like a tippy, tippy, tippy top tier operator,如果你像一个尖端,尖端,尖端的顶端操作员,
110you can make a killing,你可以杀人
111but we don't jump into shark infested waters to start.但是我们不会跳进被鲨鱼污染的水域开始
112So this is a pass.所以这是个通行证
113Also, if you don't believe me on this,还有,如果你不相信我,
114go have some fun and look at the average margin on hotels.去找点乐子 看看酒店的平均差价
115Do you guys know they are negative margin,你们知道他们是负比值,
116which means if I give you a hundred bucks in a hotel,这意味着如果我给你100美元 在酒店,
117you actually don't give me anything back.你其实不给我回任何东西。
118You cost me another 15 bucks.你花了我15块钱。
119They have a negative 15% margin on average.他们的平均差值为负15%。
120So you might go, well, wait a second.所以你可能去,嗯,等待一秒钟。
121I see a lot of them.我看见很多
122How are they still up and running?他们怎么还在跑?
123It's through smart taxes and depreciation.是通过智能税和折旧.
124So it's really a real estate play.所以这真的是一个房地产游戏。
125And everything on top is not for money making.上面的一切都不是为了赚钱
126Okay.摆
127Number three, retail storefronts.第三,零售店面.
128I know that it's every lady's dream to start a little boutique我知道每个女人都梦想着 开个小店
129with all your favorite things.你最喜欢的东西。
130You have your friends come in你有你的朋友进来
131and you sell as many live, laugh, love, tease as your heart desires.你卖很多活的,笑的,爱的, 取笑你的心想要。
132Boutique owning can be a fun job for a very bored,拥有宝蒂可是个无聊的工作
133very rich housewife who wants to pretend she runs a business非常有钱的家庭主妇 谁想假装她经营一个生意
134and her husband wants to fund it for her.她丈夫想给她钱
135Small problem.小问题
136Her business is actually awesome at only one thing, burning money.她的生意其实是真棒 只有一个事情,燃烧的钱。
137So just to be fair, it's not just ladies.公平说来 不只是女士
138Don't come at me in the comments.别在评论中来找我
139Many a gent wants to own that store with a bourbon bar有很多先生想拥有那家有波本酒酒吧的店
140and clothes that are actually cool, man.和衣服其实很酷,男人。
141Nine times out of 10, terrible businesses.10次中9次, 可怕的企业。
142The future in retail continues to be online,零售业的未来仍然是在线的,
143except in high traffic like experienced based areas.除了像经验丰富的地区一样 交通频繁
144Just ask, I don't know, Dillards anywhere.只是问,我不知道,迪拉德斯任何地方。
145旗舰Dillards是20万平方英尺
146dark and empty store these days.现在又黑又空的店
147If I had to own retail, I'd own luxury如果我必须拥有零售业,我会拥有奢侈品
148because rich people pay more to solve their problems.因为有钱人多花钱解决他们的问题
149But unless you're buying Louis Vuitton or Christian Dior,但是除非你买路易・威顿或者克里斯蒂安・迪奥
150both of which were massively distressed by the way两人都因路途而惨遭折磨
151and had to be turned around through a merger now known as LVMH,不得不通过合并转身 现在被称为LVMH,
152I'd be a hard pass.我会很难通过。
153Here's why.这是为什么。
154One, you buy product up front, which means there's no float.一,你买的产品前面, 这意味着没有浮。
155Float basically means that you can get some productsFloat基本上意味着你可以得到一些产品
156to sell before having to pay for it.在买单之前先卖掉
157So when you buy retail supplies to sell in your store,所以当你购买零售用品 在你的商店销售,
158you pay up front.你付了钱
159They ship those items to you, which you need to stock他们把这些东西运送给你,你需要储存
160and likely hold for a season to start.并可能保持一个季节开始。
161Leftover inventory, too bad.剩下的存货,太糟糕了。
162Order new fall styles in summer, even though you can't sell them夏天订新的秋天风格,虽然你不能卖
163for 60 to 90 days, ouch.60到90天,呜呜
164Two, high rent for high traffic.二,高架交通租金高.
165The cashflow realities of a high overhead business model高间接费用业务模式的现金流动现实
166like specialty retail are like not to be messed with.喜欢专业零售 喜欢不惹麻烦。
167Most won't ever tell you how much they really make.多数人不会告诉你他们赚了多少钱
168Like a lot of these mom and pop stores,像很多这些妈妈和流行商店,
169they're funded by people with just a lot of cash.他们由有钱人资助
170It's like a defective side project这就像一个缺陷的副项目
171or to bolster a brand's online e-commerce business.或支持品牌的在线电子商务业务。
172And you live and die by sales per square foot.你靠每平方英尺的销售量来维持生死
173But in order to get enough volume,但是为了得到足够的体积,
174AKA people coming in and paying you,AKA的人进来付你钱
175you have to pay rent that's high.你要付高额租金
176The third is tough financials.第三是财政困难.
177The high turnover of inventory, all your stuff,库存的高周转率,所有你的东西,
178necessary to keep customers coming back,要让顾客回来
179gives me more issues that I'm willing to deal with.给我更多的问题 我愿意处理。
180So what do you stock?你储存什么?
181When?什么时候?
182How do I ensure my lower pay employees aren't stealing?我如何保证我的低薪员工不偷窃?
183How come no one will give me a loan to start this business?为什么没人会借我钱来创业?
184Those are all fair questions.这些都是公平的问题。
185Your largest problem won't be your gross margin,你最大的问题不会是总比分
186AKA what percentage you make on each item you buy and sell.AKA 你每个买卖物品的百分率
187It'll be your net profit and getting enough volume它会是你的净利润 和得到足够的量
188to handle your fixed costs.处理固定费用。
189So like I got 100 bucks in rent every single month,我每个月都有100块的房租
190I got to pay.我得付钱
191I only sell 20 bucks worth of clothes, rut-rel.我只卖20块钱的衣服, rut -rel。
192Hey guys, if you've ever thought about buying a business,嘿,伙计们,如果你曾经想过 买一个生意,
193we've built what I think is the best acquisitions我们建造了我认为最好的收购
194in business buying community在商业购买社区
195and education curriculum in the world.以及世界上的教育课程。
196If you've ever thought about wanting to buy如果你曾经想过要买
197or own a business或拥有企业
198or if you want to add more businesses to the mix,或者,如果你想增加 更多的业务组合,
199it's called the contrarian community.它被称为反派社区。
200And what this is, is the goal is,目标就是
201we give you the three things我们给你三件事
202that the best business buyers use.最好的商业买家使用。
203Your own advisory team,你自己的顾问团队
204your own investment committee,你自己的投资委员会,
205and a deal team.和交易团队。
206We get together each week to review deals live我们每星期聚在一起 现场审查交易
207{\fn黑体\fs22\bord1\shad0\3aHBE\4aH00\fscx67\fscy66\2cHFFFFFF\3cH808080}把交易都搞砸
208that you're currently looking at你现在正在看
209while you simultaneously learn the best way possible,同时学习最好的方法
210which is called modeling这叫做建模
211by seeing other people put together deals.通过看到其他人 整理交易。
212This is how private equity buys businesses.这就是私募股权购买企业的方式.
213This is how investment teams work.这就是投资团队的工作方式。
214And we're stealing the methods from Wall Street我们从华尔街偷东西
215and giving them to you.并把它们给你。
216If this is interesting to you,如果你觉得有趣的话
217go to click the link单击链接
218and you can actually talk to my team direct你可以直接跟我的团队谈
219about if this is a fit or not.如果这是否适合。
220We can help guide you.我们可以帮助引导你。
221The link is in the show description.链接在节目描述中.
222Number four, what I don't like.第四,我不喜欢的东西。
223The number four business I don't love, consulting firms.四号生意我不爱,咨询公司。
224Consulting firms have one thing more dangerous咨询公司有一件事更危险
225than almost anything else几乎无所事事
226in business that you're gonna buy.你要买的生意
227And that's called key man risk这叫做关键人物的风险
228or owner-centric risk.或以业主为中心的风险。
229When the head honcho consultant当首席顾问
230with all the relationship leaves,与所有的关系离开,
231there goes your business right along with it.你的生意也随之而来
232Even at a smaller size,即使规模较小,
233consulting firms,咨询公司,
234they require too much capital他们需要太多的资本
235in the business attached to your consultants,在你的顾问的生意,
236AKA labor costs.AKA的劳动力成本。
237People are expensive.人贵.
238It's kind of also not a business,也有点不是什么生意
239but a collection of individual jobs.但收集个人工作。
240So don't buy jobs.所以不要买工作。
241There's two ways around this though, in my opinion.但有两种方法,在我看来。
242One is government consulting firms一是政府咨询公司
243that transition from one specialty group从一个专业组的过渡
244like a veteran or female owned owner to the next.就像老兵或女主人一样
245These have like long-term contracts,这些合同像长期合同,
246strong margins, great.强的边缘,伟大的。
247Two, if you have a consulting firm第二,如果你有一家咨询公司
248that is highly established,这确是坚定的,
249many levels of engagement,在许多层次的参与,
250no one key consultant没有关键顾问
251and ideally productized services以及理想的生产性服务
252that are not customizable could be great.不习惯的 可能是伟大的。
253I think one of the kisses of death我觉得死亡的吻之一
254to actually enjoying running a business真正享受经营企业
255is playing the RFP game.正在玩 RFP 游戏。
256You guys know what that is?你们知道这是什么吗?
257It's basically where somebody says,基本上就是有人说,
258can you please customize this thing specifically for me?你能帮我定制一下吗?
259You do all this work ahead of time.你早点做这些工作
260Then you send them your plan for them那你就把计划发给他们
261and they tell you, no, I chose somebody else.他们告诉你,不,我选择了别人。
262So you basically don't even get the business,所以你基本上连生意都得不到
263which means your clients get to ask you也就是说你的客户可以问你
264to do all this work up front在前面做所有这些工作
265and you have to prove你必须证明
266you're going to do work well for them later,你以后会好好为他们工作
267but they don't have to pay you.但他们不用付你钱
268So I'm a pass.所以我是传球
269Show me the money.给我看钱
270Then we can talk RFPs.然后我们可以谈谈RFPs。
271The fifth business, personal brands.第五行 个人品牌.
272Until AI completely takes over直到AI完全接管
273and can deep fake mimic everything,并且能模仿一切,
274which is probably like tomorrow,这可能是像明天,
275you can't transition a personal brand to yourself.你不能把自己的品牌转换成自己。
276I've seen lots of people try to sell我见过很多人想卖
277他们的脸牌YouTube账户,
278social site or education business.社会网站或教育事业。
279Again, with their face all over it,再说一遍,满脸都是
280it doesn't really work.没用的
281Key man risk,关键人物的风险,
282because once somebody sells their business,因为一旦有人卖掉他们的生意
283they're about as engaged in running it他们都参与经营了
284as your cat is interested in coming因为你的猫想来
285when it's called, right?当它叫,对不对?
286Unless you tie the deal to a ton of cash,除非你把交易与一吨现金挂钩
287it'll be a slog that ends in failure.这会是一场失败
288Now, if you insist on doing one of these deals,如果你坚持做这些交易
289do me a solid.帮我个忙
290Buy the rights to their likeness.买其类权.
291Also, a famous-ish example还有,一个著名的例子
292is this guy, James Altucher.这个人是詹姆斯·阿尔图赫
293He sold a newsletter to Agora Financial他把通讯卖给了Agora金融公司
294and I know James is a great guy我知道詹姆斯是个好人
295for I'd guess eight figures.我估计有八个数字
296I didn't ask him.我没有问他。
297And they had the right to email他们有权发电子邮件
298for a set period of time as him.作为他的固定时间段。
299So no one knew the difference.所以没人知道区别
300The downside is缺点是
301I would never do that deal that James did.我绝不会做詹姆斯做的交易
302Could you imagine that?你能想象吗?
303What if all of a sudden,如果突然间,
304if I sold my likeness,如果我卖了我的像,
305next thing you know,接下来,你知道,
306I'd be in your inbox in a bikini我会穿着比基尼在你的信箱里
307asking you to buy fucking crypto.让你买他妈的密码
308And now you see both sides of the coin.现在你看到硬币的两面。
309Also, I'm probably too old还有,我可能太老了
310for them to want to use in a bikini,以便他们用在比基尼上,
311but you get the idea.但你明白这个想法
312Number six, Amazon FBA drop shipping.6号,亚马逊FBA投放货运.
313So fulfillment by Amazon FBA亚马逊FBA的表演
314doesn't sound like a bad idea at first.一开始听起来不错
315I mean, who doesn't want to look我的意思是,谁不想看
316like the before and after image就像图像的前后
317of Jeff Bezos?杰夫・贝佐斯?
318Billions will take you from nerd亿万会从书呆子手中夺走你
319to jacked pretty quick.抢得很快
320You get to leverage Amazon's massive scale你可以利用亚马逊的巨大规模
321and logistics.后勤。
322They handle all the fulfillment,他们处理所有的实现,
323aka sending and shipping your orders.发送和运送你的订单。
324All you need to do is set up你只需要准备一下
325the listing pages列表页
326that Amazon kind of takes care of the rest.亚马逊会照顾其他的
327They'll send you the customers他们会把客人寄给你的
328via search, supposedly.应该是通过搜查
329They'll handle product storage,他们会处理产品储存
330shipping and handling运输和装卸
331all while you collect checks.在你收支票的时候
332Heck, you could even pay你甚至可以付钱
333那些可爱的TikTokers,
3345K to 20K.5K到20K (英语).
335And they'll set up your store for you.他们会为你建立你的商店。
336But here's the dirty truth.但此五脏真言.
337That is so scammy.这太滑稽了
338The only way people can reliably make money人能可靠赚钱的唯一途径
339with drop shipping through fulfillment通过完成运送
340by Amazon is to teach others how to do it.亚马逊教别人怎么做
341And here's why I would never ever这就是为什么我永远不会
342do this type of business.做这种生意。
343One platform risk.一个平台风险。
344Amazon controls everything.亚马逊控制一切
345The biggest feature is also the biggest bug.最大的特征也是最大的bug.
346What happens when Amazon亚马逊会怎样?
347decides your product is a scam?决定你的产品是骗局?
348Because a competitor puts up因为竞争者提出
349a bunch of fake reviews.一堆假评论
350That happens.就是这样
351I actually know a guy其实我认识一个人
352that was doing 1.5 million in sales销售额150万
353and had his account banned并禁止他的账户
354for fake negative reviews.假的负面评论。
355They couldn't get it back for 90 days,他们90天都拿不回来
356by which time he'd gone out of business那时他已经失业了
357because they didn't have enough cash on hand.因为他们手头没有足够的现金
358Another crippling scenario.另一场惨剧
359Amazon gets all your data亚马逊得到所有的数据
360{\fn黑体\fs22\bord1\shad0\3aHBE\4aH00\fscx67\fscy66\2cHFFFFFF\3cH808080}关于你的优势是多么不可思议
361and duplicates your product复制您的产品
362with a cheaper version of their own.更便宜的版本他们自己的。
363They instantly become他们立刻变成
364the number one search result第一个搜索结果
365and your sales drop permanently.你的销量会永久下降
366This happens all the time, by the way.顺便说一句 这经常发生
367The next reason is it's really competitive.下一个原因是它真的很有竞争力。
368The barriers to entry to this game进入此游戏的障碍
369are lower than, I don't know,都比,我不知道,我还低
370FTX's actual balance sheet was.FTX的实际资产负债表是.
371Amazon is flooded with me-too sellers亚马逊被我卖家淹没了
372pushing their knockoff products推开他们的冲击产品
373左右 and.
374The Chinese in particular特别是中国人
375are impressively fast这么快就够快的了
376at copycatting products,在复制品中,
377even before we got into甚至在我们进入之前
378our little trade tiff with them.我们和他们的小交易
379So their speed is almost as impressive因此,他们的速度几乎 令人印象深刻
380as their indifference作为他们的冷漠
381to the actual word's intellectual property.到实际词的知识产权。
382Chinese sellers outnumber U.S. sellers中国销售商超过美国销售商
383by almost 3X on Amazon.亚马逊近3X
384So often it's just a matter of time经常只是时间问题
385before they crush you.在他们粉碎你之前
386And then lastly, Amazon sets your price.最后,亚马逊决定了价格
387Amazon actually uses a bot army亚马逊实际上使用机器人军队
388to scrape other websites来刮去其他网站
389for pricing information.定价信息。
390Let's say you list on Amazon假设你在亚马逊的名单上
391and your website.还有你的网站
392If they see your price is too high,如果他们看到你的价格太高
393they may shadow ban your account,他们或许禁止你的账户,
394which is a sales killer.是个销售杀手
395So if you want to sell higher所以,如果你想卖更高
396on your own website在自己的网站上
397or everywhere else, it's a no.或任何地方, 这是一个不。
398Even if you sell your own branded products即使你卖自己的品牌产品
399on Amazon, it doesn't mean在亚马逊,这并不意味着
400that you get to set your own prices.让你自己决定价格
401All right.好吧,我们走。
402One of my least favorite businesses我最不喜欢的生意之一
403of all time, dry cleaners.所有时间,干洗工。
404Why?为什么?
405You might say,你可能会说,
406Cody loves laundromats科迪喜欢洗衣店
407and hates dry cleaning.讨厌干洗
408Yes, I do.是的,我会的。
409Dry cleaners appear to be干洗机看起来
410a stable, reliable business,一个稳定可靠的企业,
411but the truth is但事实是
412the chemicals used in dry cleaning干洗中使用的化学品
413are often toxic.通常有毒。
414And if you're not up to code,如果你没有达到密码,
415the cleanup costs can be insane.清理费用可能太高了
416It also makes it really difficult也很难做到
417to find reliable employees寻找可靠的雇员
418who want to stick around.他们想留下来
419So the reason that I don't like dry cleaners所以我不喜欢干洗工的原因
420is this big word called remediation,这个大字叫做补救
421which basically means这基本上意味着
422if the toxicity gets into the ground,如果毒性进入地面,
423which it often does,它经常这样做,
424then you are responsible那你就负责
425for any third-party effects of that.对于任何第三方的效力。
426That is scary.这是可怕的。
427Now, what's the rule?现在,是什么规则?
428All of these businesses所有这些企业
429have some combination of有一些组合
430high failure rate,高故障率,
431asymmetric risk,不对称风险,
432high expense, low transferability.费用高,可转让性低。
433We don't want that.我们不希望那样。
434Now that you know现在你知道了
435the seven deadly businesses to avoid,7个致命的生意避免,
436we can move on to the next step.我们可以继续下一步
437Let's talk about finding让我们谈谈找到
438what you want as an owner,你想当主人,
439what I call knowing thyself我称之为了解你自己
440and defining your unique deal box.并定义你独特的交易框。
441I want to talk about how to choose我想谈谈如何选择
442the business that's right for you.适合你的事业。
443The most common DM I get goes like this.我得到的最常见的DM是这样。
444What type of foreign business何种类型的外国企业
445should I buy for cash flow?我应该买现金流吗?
446What you really want to know is你真正想知道的就是,你确实想知道
447should you go out and buy a laundromat,如果你出去买洗衣机,
448a car wash, a package ship,洗车,包裹船,
449a mini storage?一个迷你存储器?
450But a horrible answer would be但一个可怕的答案是
451for me to tell you one of those让我告诉你其中之一
452because it's the wrong question因为问题不对
453to begin with.开始。
454The better question to ask is this.最好的问题就是这个
455What type of foreign business何种类型的外国企业
456is right for me?适合我吗?
457The truth is there is no such thing事实是,没有这样的事情
458as the right or wrong business.做对或错的事
459There is only the right只有权利
460or wrong business for you.或做错事
461So buying a business买个生意
462is kind of like dating.就像约会一样
463It's not one size fits all.这不是一个尺寸适合所有。
464It's deeply personal这是很私人的
465and it needs to be in sync它需要同步
466with who you are,与你是谁,
467what you can handle你能处理的
468and where you see your life heading.和你的人生走向。
469The worst thing you can do你最差劲的事
470is dive head first into a business是先潜入企业
471that's completely misaligned这是完全错误的
472with your financial needs,以你的财政需要,
473your risk tolerance风险承受能力
474and lifestyle preferences.和生活方式的偏好。
475So before we talk about the what,所以在讨论之前
476we need to talk about the who,我们需要谈谈谁,
477which is you.这是你。
478So I want to set you up for success所以我想为你成功而设
479by ensuring you pick通过确保您选择
480the right starting point.正确的起点。
481Your first task is to choose你的第一个任务是选择
482the level that's best suited最合适的级别
483to where you are到你现在的位置
484and where you're going以及你将去的地方
485because businesses change materially因为企业发生了实质性变化
486at each level of the game.在游戏的每个关卡。
487So they require a different operator,所以他们需要一个不同的操作员,
488a buyer.买方。
489Pretty critical you start相当关键你开始
490at the right level.在正确的级别。
491So if you guys want to see所以如果你们想看
492what level of business is right for you,什么样的业务是适合你,
493then I want you to do this.然后我要你这样做。
494I want you to make sure我想让你确定
495you click this download.您单击此下载。
496It will help you figure out帮助你解开
497the right business for you,对你有利的生意
498for business buying in particular.特别是企业购买。
499It's all about your perfect fit business.这都是关于你完美的合适业务。
500So what are you looking at here?你在这看什么?
501你在看Venn图
502So basically three circles here.所以这里基本上有三个圆圈。
503And on each one is going to be每一个都会
504something that I need from you我需要的东西 从你
505before you pick a business.在你选择一个生意之前。
506Over to the left,左边
507we have your passions.我们有你的激情。
508These are going to be the things事情会是这样的
509that you would love to do,你愿意这样做,
510that you would do你会做的
511even if nobody pays you.即使没有人付钱给你。
512But you don't get paid但你没拿到报酬
513for being passionate.因为热情。
514You get paid for being good.你做善事要赚钱
515So on the bottom left所以在左边的下面
516is going to be your skills.将是你的技能。
517What are you actually good at?你到底擅长什么?
518What do people ask you to do?人们要求你做什么?
519What do people ask for your opinion on?人们问你的意见是什么?
520And on the right右边
521is going to be your network.将会成为你的网络。
522Who do you know?你认识谁?
523Do you have an accountant friend你有会计朋友吗?
524who actually could help you谁能帮助你
525buy an accounting business?买会计业务?
526Is your other friend actually a plumber?你另一个朋友是水管工吗?
527And so they could help you他们可以帮你
528buy a plumbing business买个管道生意
529because they would know how to run it.因为他们会知道如何运行它。
530Maybe your dad's a lawyer.也许你爸爸是律师
531He could help you with due diligence.他可以尽力帮你
532So we want you to fill out所以我们要你填表
533this perfect fit Venn diagram.这个非常适合文恩图。
534And if you do that,如果你这样做,
535you're going to like our next episode.你会喜欢我们的下集的
536So make sure you subscribe.所以,确保你订阅。
537This is going to be your first step这是你的第一步
538to figuring out the right business找出正确的企业
539for you to buy.让你买。
540Hey, I have something special for you嘿,我有些特别的东西给你
541for being such a loyal listener这么忠实的听众
542because you're here with me all the time.因为你一直在我身边
543I get asked by a bunch of you.一群人问我
544How do I tell if I should buy a business or not?我该如何判断我是否应该买个生意?
545Should you buy a business or not?你买不买?
546What price should you buy a business at?你买什么生意?
547How do you structure your deal?你怎么安排你的交易?
548I got you, fam.我扶着你,范姆。
549So I'm going to gift you our deal calculator.所以我要给你我们的交易计算器。
550Every time I look at a deal,每次我看一个交易,
551I grab the numbers, plug it in here,我拿数字,插在这里,
552and see how much money I could make or lose看看我赚了多少钱,还是输了多少
553if I did a good or bad deal.如果我做了一个好或坏的交易。
554So this is my gift to you.这就是我给你的礼物
555And if you're serious about buying a business,如果你真的想买个生意
556we want to help you.我们想帮你
557You can talk to my team你可以跟我的团队谈谈
558about if you're a fit说说你是否适合
559for our business buying community or curriculum.我们的企业购买社区或课程。
560No matter what, here's your free gift.不管怎么样 这是你的免费礼物
561And if you need a hand to hold, I got you too.如果你需要帮忙,我也有你
562Hey, crew, this is so cool.嘿,伙计们,这太酷了。
563The podcast is growing like crazy,播客越来越疯狂了
564and it's only actually because of one thing, you.这其实只是因为一件事,你。
565I don't know if you know this,我不知道,如果你知道这一点,
566but the only way the Big Deal Pod grows但只有这样,大交易才有发展
567is when you share it with somebody else.当你和别人分享它。
568We don't do ads.我们不做广告。
569We don't do pay for play.我们不花钱玩游戏。
570We don't go on other people's podcasts我们不看别人的播客
571and talk about it.并谈论它。
572So if you think there was something helpful here,所以如果你觉得这里有帮助的话
573if we made you money,如果我们给你钱,
574we made you think about your business or life differently,我们让你思考 你的生意或生活不同,
575the most beautiful thing you can do for me is share it.你能为我做的最美的事就是分享
576And the most beautiful thing you can do for someone和最美的事情 你可以为某人做
577that you care about is to share it with them,你所关心的就是和他们分享,
578help them grow alongside you.帮她们跟你一起长大
579So please share the pod.所以请分享舱。
580That's how we grow.这就是我们生长的方式。
581And also tag me on anything you share.并标签我的任何你分享。
582I love resharing other builders across Instagram,我喜欢在Instagram重新分享其他建筑师
583Twitter, and all other platforms.Twitter,以及所有其他平台.
584Thank you from the bottom of my heart.从心下谢.
585You're super important to me.你对我很重要
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