Author: Nick

A supportive significant other is your greatest asset – a conversation with Nick’s wife Michelle (Ep 78)

Show notes from podcast episode 78. Having support on the home front is critical. In this episode of the podcast Nick talks with his wife Michelle about the struggles along the way and how they were able to overcome the unique lifestyle that is entrepreneurship. A few key takeaways: #1 – Communication Being on the […]

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August 12, 2019 2 mins read

How to balance your business with a growing family (ep 77)

Show notes from Podcast episode 77. Its not easy. There will be sleepless nights. Its definitely a sacrifice. Kids are tough. I’m no expert. Take this with a grain of salt and get a lot of advice on this. Going without sleep makes you delusional and emotional and it kills your critical thinking and decision […]

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6 mins read

How to start a mobile appliance repair business – mentoring session (ep 76)

Luke is currently a 32 year old salaried employee from a national beverage dispenser repair company in the St. Paul/ Minneapolis area of Minnesota. In his current position as a “machine technician,” he has gained an invaluable skill set that will provide economic opportunity for the rest of his life. He also owns two rental […]

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August 7, 2019 3 mins read

The three keys to hiring great employees and scaling your business (ep 74)

Show notes for podcast episode 74. Hiring good employees is hard. Most service businesses grow to the workload capabilities of their owners and then stall. How do you break through that barrier? #1 Charge more for your service Provide a great service on a quick timeline and you can justify charging a premium. Then you […]

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August 1, 2019 2 mins read

How to start a business staining decks

Staining decks is a business you can bootstrap for almost no money. Buy a web domain and get hosting for $1.99 per month. Put together a WordPress website using a free template. Make a logo and some marketing material for free on Canva. Send a Google My Business postcard to your apartment and build out […]

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July 31, 2019 7 mins read

Look up from your computer screen (ep 70)

Show notes from episode 70 of the podcast. If people would just get out from behind their computer and look around them they would have no problem finding opportunities galore. I started my business hauling boxes up and down skinny stairwells during finals week. Sweating my butt off. I worked hard physically for a year […]

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July 22, 2019 3 mins read

Should I buy a franchise? What are the advantages and disadvantages? What should I think about?

Show notes from Podcast episode 69. Hi this is Drew from Brisbane – one of my business ideas is around beer line tap cleaning. There is a franchise in my area that I could buy into for a reasonable price. With the fees you pay they provide support and training however I have a technology background […]

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July 17, 2019 8 mins read

How to start a window cleaning business

Cleaning windows sounds silly but its a great low cost business with the potential to help you buck the rat race and can be a great first business to build. Before you do anything make a list of competitors in your area. Call them all and ask 100 questions. Ask how they price. Ask how […]

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July 13, 2019 8 mins read

The three wealthiest people I know and what I’ve learned from their stories (ep 67)

Show notes from podcast episode 67. The first one started out by opening a single pizza restaurant with two friends in a small town in Ohio. 4 years later he sold 30 pizza restaurants. Then he built and sold the next business and the next one after that. Now he is a wealth manager and makes […]

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July 10, 2019 3 mins read

Should I take over a family business? What steps should I take before jumping in? (ep 66)

Show notes from Podcast Episode 66. Hey Nick it John from Vancouver. What are your thoughts on taking over a family business? I think if you analyze it right and take the right steps its an amazing opportunity to own a business that is years ahead of one you might otherwise start. You can also likely […]

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July 8, 2019 12 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 holes […]

Essential Tools

There is a proven playbook to grow companies. What tools to use, agencies to hire, strategies to employ. I’ve launched 9 companies in my life – two of which are fairly large with 40 + employees and hundreds of thousands in monthly revenue. People ask me all the time for vendor recommendations. Who builds my […]

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 […]

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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