How To Make Extraordinary Wealth Buying a Surprising Business, According To Codie Sanchez

Core Insights - Juiced Fuel is a mobile refueling service that addresses the common issue of time constraints associated with visiting gas stations [2][3] - The business was inspired by a personal need, showcasing the potential for simple, practical solutions to become profitable ventures [2][3] - The founders, Korey and Caroline McDavid, focused on a straightforward business model that required minimal initial investment and was easy to scale [3][5] Business Development - Juiced Fuel started with an initial investment of $80,000 and achieved earnings of $77,000 in its first year, nearly breaking even [5][6] - In its second year, the company saw significant growth, earning $385,000, and surpassed $1 million in revenue in its third year [6] - The company has expanded from one truck to four employees, allowing the founder to focus on business growth [4][6] Investment Philosophy - Financial influencer Codie Sanchez emphasizes investing in small and medium-sized businesses with EBITDA below $10 million, favoring "boring businesses" over flashy ones [7]