Why Working Harder Won’t Make You Rich - Codie Sanchez

Codie Sanchez is an entrepreneur, investor and author. How do you make your business work for you instead of constantly working for your business? Stepping back is often mistaken for putting in less effort, but what if your company could operate better with less dependence on you? How do you build a business that runs smoothly without your constant involvement, and what steps can you take to make that possible? Expect to learn the truth about getting rich, why most business owners need to step back rather than dive in more, how to get the most out of your staff, whether you will be able to trust AI to run your business or not, why suffering feels so productive, how to relinquish control of your business for the best outcomes and much more… - Get 35% off your first subscription on the best supplements from Momentous at https://livemomentous.com/modernwisdom Get a Free Sample Pack of LMNT’s most popular flavours with your first purchase at https://drinklmnt.com/modernwisdom Get 160+ lab tests for just $365 and save an extra $25 at https://functionhealth.com/modernwisdom Get the brand new Whoop 5.0 and your first month for free at https://join.whoop.com/modernwisdom - 0:00 The Biggest Lie About Getting Rich 2:45 Should You Start Your Own Business? 5:37 Why Codie Turned Down Richard Branson 7:35 When Responsibility Is Really Just Ego 8:44 The Evolution Every Business Owner Goes Through 15:45 How to Get the Best From Your Staff 19:49 When Does An Owner Know to Relinquish Control? 28:40 Is AI Important for Small Businesses? 37:42 The Secret to Finding Great Employees 41:59 The Biggest Hiring Mistakes to Avoid 43:24 The Best Questions to Ask Candidates 56:53 How Does Slowing Down Affect Your Identity? 01:05:50 How to Approach the Hard Conversations 01:08:21 The Jobs Founders Need to Stop Doing 01:11:31 Are Pricing Problems Really Confidence Problems? 01:18:01 When Should Founders Start Paying Themselves More? 01:27:56 How to Move into An Owner Role 01:31:26 What’s Next For Codie? - Get Codie's new book here - https://ownerbook.com Get access to every episode 10 hours before YouTube by subscribing for free on Spotify - https://spotify.modernwisdom.com or Apple Podcasts - https://apple.modernwisdom.com Get my free Reading List of 100 life-changing books here - https://chriswillx.com/books Try my productivity energy drink Neutonic here - https://neutonic.com/modernwisdom - Get in touch in the comments below or head to... Instagram: https://www.instagram.com/chriswillx Twitter: https://www.twitter.com/chriswillx Email: https://chriswillx.com/contact/

Chris WilliamsonhostCodie Sanchezguest

Sep 3, 20261h 33mWatch on YouTube ↗

EPISODE INFO

Released: September 3, 2026
Duration: 1h 33m
Channel: Modern Wisdom
Watch on YouTube: ▶ Open ↗

EPISODE DESCRIPTION

Codie Sanchez is an entrepreneur, investor and author. How do you make your business work for you instead of constantly working for your business? Stepping back is often mistaken for putting in less effort, but what if your company could operate better with less dependence on you? How do you build a business that runs smoothly without your constant involvement, and what steps can you take to make that possible? Expect to learn the truth about getting rich, why most business owners need to step back rather than dive in more, how to get the most out of your staff, whether you will be able to trust AI to run your business or not, why suffering feels so productive, how to relinquish control of your business for the best outcomes and much more… - Get 35% off your first subscription on the best supplements from Momentous at https://livemomentous.com/modernwisdom Get a Free Sample Pack of LMNT’s most popular flavours with your first purchase at https://drinklmnt.com/modernwisdom Get 160+ lab tests for just $365 and save an extra $25 at https://functionhealth.com/modernwisdom Get the brand new Whoop 5.0 and your first month for free at https://join.whoop.com/modernwisdom - 0:00 The Biggest Lie About Getting Rich 2:45 Should You Start Your Own Business? 5:37 Why Codie Turned Down Richard Branson 7:35 When Responsibility Is Really Just Ego 8:44 The Evolution Every Business Owner Goes Through 15:45 How to Get the Best From Your Staff 19:49 When Does An Owner Know to Relinquish Control? 28:40 Is AI Important for Small Businesses? 37:42 The Secret to Finding Great Employees 41:59 The Biggest Hiring Mistakes to Avoid 43:24 The Best Questions to Ask Candidates 56:53 How Does Slowing Down Affect Your Identity? 01:05:50 How to Approach the Hard Conversations 01:08:21 The Jobs Founders Need to Stop Doing 01:11:31 Are Pricing Problems Really Confidence Problems? 01:18:01 When Should Founders Start Paying Themselves More? 01:27:56 How to Move into An Owner Role 01:31:26 What’s Next For Codie? - Get Codie's new book here - https://ownerbook.com Get access to every episode 10 hours before YouTube by subscribing for free on Spotify - https://spotify.modernwisdom.com or Apple Podcasts - https://apple.modernwisdom.com Get my free Reading List of 100 life-changing books here - https://chriswillx.com/books Try my productivity energy drink Neutonic here - https://neutonic.com/modernwisdom - Get in touch in the comments below or head to... Instagram: https://www.instagram.com/chriswillx Twitter: https://www.twitter.com/chriswillx Email: https://chriswillx.com/contact/

SPEAKERS

Chris Williamson
host
Host of the Modern Wisdom podcast and founder of Neutonic.
Codie Sanchez
guest
Entrepreneur and investor known for buying and operating cash-flowing businesses and authoring work on business ownership.

EPISODE SUMMARY

In this episode of Modern Wisdom, featuring Chris Williamson and Codie Sanchez, Why Working Harder Won’t Make You Rich - Codie Sanchez explores stop being the business hero: build ownership through systems and leverage Codie Sanchez and Chris Williamson argue that the biggest lie about wealth is confusing the appearance of success with durable financial freedom and a life you actually enjoy.

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