Month: May 2019

Are you making things happen or wondering what happened? Start playing OFFENSE and take control of your life. (Ep 55)

Show notes from Episode 55. You have three choices in life. You can make things happen, watch things happen or you can wonder what happened. Most people either watch or wonder what happened. They react. Life happens and they try their best to survive. They get done with work for the day, go home, flip on […]

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May 30, 2019 6 mins read

How to build a business that can survive a recession (Ep 54)

This is a real risk of doing business and there is no magic strategy to totally avoid the repercussions if the economy tightens and a recession hits. The only thing we can do is prepare for it and make sure that if it happens we won’t lose everything we’ve worked so hard to build. What […]

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May 27, 2019 11 mins read

A few reasons why you should consider TOTALLY IGNORING social media (Ep 53)

Show notes from episode 53 of the podcast. “Don’t fall in love with the medium – fall in love with the mission.” – Seth Godin on a recent episode of Akimbo (recommended listening). Our mission as business owners is to reach customers and exploit profitable marketing channels. The mediums and the ways to do that are always […]

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May 22, 2019 5 mins read

The “idea fallacy” and finding your pink ocean (ep 52)

Show notes from Podcast Episode 52. I’m sure you’ve heard of the “blue ocean strategy”. It was coined by W. Chan Kim in his book of the same name and expanded in the more recent book “blue ocean shift”. The concept makes a lot of sense on the surface. A red ocean is an overcrowded […]

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May 21, 2019 6 mins read

THE HIRING SERIES – Part 4 – Dealing with questions and nurturing your talent from within (Ep 51)

SHOW NOTES FROM PODCAST EPISODE 51 You will get a lot of questions from your employees in the early days. You have two choices each time this happens: Solve the problem yourself and move on. This is the easy way and what most managers do. Ask the employee how they would solve the problem and to hear their thought […]

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May 16, 2019 9 mins read

THE HIRING SERIES – Part 3 – What to look for in your employees and why experience isn’t that important (ep 50)

SHOW NOTES FROM PODCAST EPISODE 50. These are the skills that are immensely valuable and very hard to teach. They’re the intangibles. Communication – do they speak clearly and look you in the eye when they talk? Do they get their point across in an efficient, succinct and logical way? Miscommunications cost big money so this is […]

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May 14, 2019 15 mins read

THE HIRING SERIES – Part 2 – Finding the ideal employee and convincing them to work for you (ep 49)

Show notes from episode 49. Many industries have the luxury of having an abundance of talent applying for every position. Marketing agencies, big banks, private equity firms and the like. In the service sector we don’t have that luxury. There is a major shortage of people out there willing to do manual labor for $15 […]

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May 8, 2019 10 mins read

A glimpse at the intensity and dedication it takes to build a successful business – working 10 hours a day for 50 days straight

Max Maher released another video of a challenge where he worked 10 hours a day for 50 days straight. For reference Max is 23 years old and runs Skinny Wimp moving company in Phoenix AZ. I interviewedhim to discuss the founding of the business along with his 500 business connections experiment where he drummed up $30k a […]

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8 mins read

THE HIRING SERIES – Part 1 – 5 things you need to do before you make your first hire (Ep 48)

Show notes from episode 48. First a little bit of background on me and my experience with this stuff. We have hired 13 different full time employees and 1000+ part time employees over the past 9 years since we started. We are a pickup and delivery storage company. We aren’t a tech company. We aren’t scientists. […]

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May 6, 2019 16 mins read

How can I get into real estate through rental properties?

A listener reached out with a question. They’re saving some money each month and want to set up a passive income stream through local rental properties. Real estate is a tough market to get into right now. Not saying impossible just a fair warning: It’s competitive. The economy has been booming for a long time. […]

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May 3, 2019 3 mins read
Top Articles

Businesses I Love

These are all businesses and markets that I love. The competition is weak. The market is growing. The costs and risks are low. The odds are good. You can analyze the market and make accurate decisions on where there is opportunity to thrive. You can win. Start small. Start low skilled and low risk if […]

Idea Generation 101

This is an analytical approach to identifying and exploring new business opportunities. This is designed around service based businesses but the concepts can be applied to any business. In order to compete you need to have a competitive advantage in one of three areas: speed, price or quality. The goal here is to look for […]

179: How profitable is a self storage facility?

In today’s episode, Nick talks about a self-storage facility that he and his partner bought in July of 2019. He goes over the numbers of buying it, operating it, and income from units being rented out, as well as expenses. His goal is to show you just how profitable a self-storage facility is. This property […]

Essential Tools

Notes from Podcast Episode 4. These are the essential tools you can use to start your business cheaply and have all the tools you need to operate right off the bat. Step 1: Generate your idea Consider using this guide as a resource. You can also take a look at this list of businesses I […]

Businesses I Hate

Prefer a more positive outlook? Check out the businesses I love. I don’t like businesses that have a lot of passionate people involved. Businesses that are fun and are a lot of people’s hobbies. Passionate people think with their hearts instead of analyzing the markets. Passionate people make poor decisions. Passionate people start companies because […]

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