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, […]Read More ...
#176 – The best business lesson I learned from my grandfather
Show notes from Episode #176 of the Sweaty Startup Podcast. Last month Nick attended his grandmother’s funeral via Zoom, an emotional experience that made him think about his grandparents’ lives and what they did for his family. Lately, he’s been reflecting on what he will be most proud of at the age of 85, and […]Read More ...
#175 – How to start a deck staining business
Show notes from Episode #175 of the Sweaty Startup Podcast. People frequently reach out asking about businesses with low capital investment and low skill requirements, and Nick’s recent home improvement project spotlighted a perfect opportunity for that. Since buying their house in Athens, Georgia in 2018, Nick’s deck has always been in poor shape. Putting […]Read More ...
#174 – Why most entrepreneurs fail
Show notes from Episode #174 of the Sweaty Startup Podcast. Why do you want to start a business? Is it because you love photography and want to be able to make a living doing it? Do you wish there was a cat cafe in your town, so you want to be the one to open […]Read More ...
#173 – Why a recession WON’T happen
Show notes from Episode #173 of the Sweaty Startup Podcast. A lot has changed over the past few months and people are scrambling to make sense of it all. To some surprise, there’s an increasingly more realistic scenario that this becomes the great recession that never actually happened in the United States. Four weeks ago […]Read More ...
#172 – The best time to open a restaurant is right around the corner
Show notes from Episode #172 of the Sweaty Startup Podcast. Nick doesn’t like the restaurant business, he never has liked the restaurant business, and he may never like the restaurant business, but it’s clear that 12 months from now may be the best time ever to open a restaurant. Location, location, location The majority of […]Read More ...
#170 – Automated hotels as a business
Show notes from Episode #170 of the Sweaty Startup Podcast. You can enter the US and go through customs just by using a kiosk, you don’t even need to speak to anybody. But when checking into a hotel you need to talk to a person, give them your credit card and ID, check in, and […]Read More ...
#169 – How to launch a lawn care business: COVID businesses I LOVE
Show notes from Episode #169 of the Sweaty Startup Podcast. Nick is shameless about his love for lawn care. In Episode 119 Nick’s brother came on the show to talk about his lawn care company, and you can learn all about his first year of business which netted him $100k in revenue and $70k profit, […]Read More ...
#168 – Why buying a business post-COVID is a great opportunity
Show notes from Episode #168 of the Sweaty Startup Podcast. Nick Bradley visited the show on Episode 95 and talked about why now is an incredible time to buy a business. This rings even more true during the current pandemic. Every day 10,000 Americans reach retirement age, and so many of the service-based businesses that […]Read More ...
#167 – Three businesses that you should NOT start right now
Show notes from Episode #167 of the Sweaty Startup Podcast. People have been asking about businesses that Nick thinks they should start right now. At the start of the COVID pandemic, he detailed a few opportunities that would open up as the world changes. Right now, it’s time to talk about businesses you should absolutely […]Read More ...
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 […]
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 […]
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 […]
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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