Deal breakdown – a home run storage deal and a $2.6 million cash-out refinance

Things are going crazy in my world. We closed on our 50th self-storage facility this week with the acquisition of a 3 property portfolio in Virginia. That makes 1,329,609 square feet and 9,905 units managed by our team of 40 employees. All operated remotely with our team of 40 employees – 18 in the Philippines, […]

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May 4, 2022 9 mins read

Self Storage Deal Breakdown

The first full calendar year is in the books for 3 self storage facilities we bought at the end of 2020. I’ll open the books and give you a breakdown on how it went. Here’s a podcast episode with more on where we’re at, what keeps us up at night, and how we plan to attack 2022. Deal #1 was purchased in […]

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February 23, 2022 4 mins read

201. People are spending a lot of money on their houses

In today’s episode of The Sweaty Startup, Nick gives a quick motivating push for a business that is thriving right now. Home work of any kind is the best place to be in this climate; everyone is spending money on their homes. This ranges anywhere from general contracting, construction, deck building/staining, to landscaping, decorating, anything! […]

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September 2, 2020 1 min read

200. I got better at business when I stopped putting out fires and started preventing them

Today’s episode of The Sweaty Startup is our 200th episode! We are so excited about our show running for this long, and so glad you guys enjoy it. We’re hosting a giveaway for a free one hour consulting call with Nick to celebrate! See details below In today’s episode of The Sweaty Startup, Nick gives […]

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August 31, 2020 2 mins read

198. 99% of entrepreneurs fail because they are selfish

If you’ve listened to The Sweaty Startup for a while, you’ll know Nick’s standing on entrepreneurship. It has to be unselfish, unemotional, smart, and sweaty. You have to put in the work. Too many people start businesses because they are selfish. They start a business that they want to start or that fits their passions. […]

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August 24, 2020 2 mins read

197. The wealthiest people I know started regular “old-fashioned” businesses

In today’s episode of The Sweaty Startup, Nick talks about “old-fashioned” business. The wealthiest people he knows started regular “old-fashioned” businesses, not some sexy new ideas with venture capital money. They just had good ideas and worked hard at them. The way the world portrays and views people like Steve Jobs and Mark Zuckerberg, Entrepreneurship […]

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August 19, 2020 2 mins read

196. Why starting SMALL is the best way to get wealthy

In today’s episode of The Sweaty Startup, Nick talks about the importance of starting a business small. Many entrepreneurs today don’t realize that what they are doing now isn’t necessarily what they’ll be doing in 10 years. It’s about momentum, not starting large and strong. Starting small is the best way to get wealthy. So […]

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August 17, 2020 2 mins read

195. Why innovation is overrated in entrepreneurship

In today’s episode of the Sweaty Startup, Nick talks about innovative and creative entrepreneurship. Those words get thrown around so much these days, but Nick talks about how those types of entrepreneurs aren’t the ones getting paid. This topic has always been close to Nick, because he started the Sweaty Startup based on execution and […]

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August 12, 2020 2 mins read

194. What my middle-class father taught me that set me up for generational wealth

In today’s episode, Nick talks about the impact his father had on his life and career. Nick comes from a middle-class family; they didn’t struggle for money, but they also didn’t own investment properties or have much saved up. But because of the lessons his father taught him, Nick was set up to create generational […]

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August 10, 2020 4 mins read

189. How to start an online tutoring business

With school openings getting delayed more and more as the school year approaches, many parents and students have no idea how to approach distance and online learning. Many families spent months at home with each other with school being a light at the end of the tunnel. With the school year in question, that’s looking […]

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July 22, 2020 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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