Author: Nick

How not to ruin your company culture

A quick ad before we jump in: — Tax season has come and gone and my final income tax bill was $0 for one main reason – Cost Segregation Studies and bonus depreciation. DO NOT FORGET TO GET COST SEGREGATION STUDIES DONE ON YOUR REAL ESTATE. The folks at RE Cost Seg have already delivered my cost segs […]

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May 13, 2024 4 mins read

How I used Twitter to get rich

A quick ad before we jump in: — I’m an investor in a new web development firm called WebRun. They built this amazing investor landing page for my real estate firm and I’m VERY impressed by their work. If you need a website overhaul, new website or landing page – schedule a call with Will or Max at WebRun to get a […]

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8 mins read

9 business principles I live by

A quick ad before we jump in: — I launched a business brokerage with my father. We now have 600+ buyers on our distribution list. When we get a listing we’ll do a podcast episode with the owner, a breakdown of the business to my 80,000 newsletter subscribers, and several tweets promoting the listing. Wanna sell your […]

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4 mins read

How I leveled up as an entrepreneur (and what I regret)

A few business thoughts before we dive into the meet and potatoes: — Thought #1: Most successful people have no idea what they’re doing. They’re simply figuring it out as they go along. The sooner you realize this the sooner you’ll be able to become successful! Life begins at the end of your comfort zone. […]

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5 mins read

How to make sure your best employees never leave (and make a lot of money while you’re at it)

When it comes to culture, here is where the leading business books will lead you: 1. Hire amazing people Amazing people create great culture. Hire 10xers. Interviews should be 5 steps and 10+ hours. Do personality tests. 2. Love on your people Pizza parties. Ping pong tables. Kegerator in the office. Early Fridays. I’m not […]

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7 mins read

The red button rule – how to achieve true freedom

A quick ad before we jump in: — I’ve began working with Bold SEO and it has been an absolute game changer for my business. If you want to structure your website correctly to get found in search and build domain authority through high-quality backlinks, this service is for you. They’ll get on a call with you and […]

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7 mins read

How a real estate crash happens (and why it takes so long to materialize)

I’ve hired 30 employees outside of the USA with the help of Shepherd and it has been an absolute game changer for my business. Underwriters in Colombia for $1,500 per month full time. Customer service reps with perfect english in the Philippines for $1,100 per month. Executive assistants for my construction team for $1,000 per month. If you […]

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10 mins read

The difference between an entrepreneur and an employee…

The life of an employee: You go out and hunt every single day. You’re constantly being encouraged to sprint here and accomplish this next project. When the opportunities arise you sprint even faster to go out and kill and bring back food to the rest of the company (the owners). Every two weeks the business […]

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5 mins read

Why only 2% of people own a small business

A quick thought: People who are in the Silicon Valley bubble have no idea how much work will be required to build and maintain our physical world over the next 50 years. The plumbers fixing the toilets at the law firm will be billing more per hour than the attorneys before we know it. Our […]

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5 mins read

DEAL BREAKDOWN – We built a storage facility for $2.9 million – it’s worth $11 million today

​Here’s an update on my businesses and life, if you’re interested. A quick sponsored note before we jump in: Tax season is here and my final income tax bill was $0 for one main reason – Cost Segregation Studies and bonus depreciation. DO NOT FORGET TO GET COST SEGREGATION STUDIES DONE ON YOUR REAL ESTATE. The folks at RE […]

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4 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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