Articles

You don’t build a network – you earn a network

A lot of people run around networking as if its the key to success. I have bad news. The network doesn’t come before success. It comes with success. You earn a network just like you earn money. You gain it over time by providing value to people. A network is mutually beneficial. People invest time […]

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December 20, 2018 2 mins read

Cargo van buying guide

Ford E Series vans are amazing assets and can be purchased used very affordably. We got our first van on craigslist in 2011 for $1500. Vans that we purchased 5 years ago for less than $4k are still going strong today. We now spend around $5,000 to $7,500 to get a presentable and very reliable […]

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December 19, 2018 10 mins read

How do I really motivate my employees?

There are two main factors that lead to happiness and joy in the workplace (and in life). The first is being appreciated and valued and respected. The second is being listened to and having input. Both of these are all about communication – not surprisingly. People want to know they are making a difference. Compliment […]

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December 15, 2018 3 mins read

The 9 worst pieces of business and career advice

Start something you are passionate about This is bad advice and I hear it all the time. Start something that makes logical sense. Enjoy the process. Enjoy the relationships you will develop along the way. Enjoy building something. People who think with their hearts instead of their brains lose money and waste a bunch of […]

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December 13, 2018 5 mins read

Would you send your children to the Ivy League?

First of all my children have relatively zero chance of getting accepted into the Ivy League. They won’t have all of the extracurricular activities required to get accepted. They won’t volunteer 20 hours a week. They won’t have incredible test scores. They won’t have a sob story to tell in their application letter. Lets assume […]

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December 12, 2018 3 mins read

The “add value first” approach

Business is all about momentum. If you can get in the mindset to “add value first” to gain your following and build your brand you will be a lot better off. Sacrifice profits in the near term by discounting your service or products with the goal of gaining a following and securing value later. In […]

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2 mins read

What business would you start?

If you had to start all over right now what business would you start? What sector would it be in? What sectors would you avoid?  How about real estate? I’ll tell you what I wouldn’t go into – and thats Tech. Its mature. Competition is strong. The market isn’t growing anymore like it used to […]

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December 11, 2018 5 mins read

The four quadrants of time management – important but not urgent

Time is your most valuable asset and there are four areas that you can spend your time in life. The first quadrant is important and urgent. A crisis. An emergency. You must do it now. The second is important but not urgent. Prevention. Planning. Forward thinking about how to improve. Not important but urgent. Distractions. […]

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December 10, 2018 3 mins read

The 80/20 principle – how to find your wheelhouse and multiply your results

The 80/20 principle is my favorite and the most important principle to understand in life and in entrepreneurship. Its says that 80% of your results come from 20% of your efforts. 80% of your stress comes from 20% of your environment. 80% of your joy comes from 20% of your activities. You name the result. […]

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3 mins read

Don’t partner with someone who is broke

The way people treat their money is one of the most important traits in entrepreneurship. Frugality wins because every dollar you save personally and invest in the company the right way becomes three dollars a few years later. Having cash reserves because you live in a responsible way allows the company to survive when the […]

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2 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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