Category: Ask Nick
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 […]Read More ...
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 […]Read More ...
How to launch and build a videography business – applicable to any B2B service and most home services (ep 64)
Show notes from Podcast Episode 65. “Hey Nick this is Andy from Louisville KY and I’m a wedding videographer. I’m looking to expand into the corporate market making videos for small businesses, real estate developments and similar things. How can I break into this market?” Get lots of advice from people in the industry but I’ll […]Read More ...
Entrepreneurship at a young age – what if I’m in high school or I have children and I want to encourage entrepreneurship? (ep 62)
Show notes from podcast episode 62. Maybe you’re in high school or younger. Maybe your child is in high school or younger. What steps can I take right now to prepare myself for entrepreneurship and what businesses could I possibly explore starting as a youngster? I’ve told the story of how I became an entrepreneur in […]Read More ...
How can I get into real estate through rental properties?
A listener reached out with a question. They’re saving some money each month and want to set up a passive income stream through local rental properties. Real estate is a tough market to get into right now. Not saying impossible just a fair warning: It’s competitive. The economy has been booming for a long time. […]Read More ...
Why did I move to Athens GA?
From 2013-2017 my partner and I rented a small apartment in Boston as our company “office” and went there very day with our employees. We were still very hands on and we were most productive together. It was a scrappy time where we really accomplished a lot to set us up for the success we […]Read More ...
Silent partner in a roofing business?
I live in Seattle. My girlfriend’s brother has a lot of expertise in the roofing industry and wants to start a business with me. Heres the catch – he doesn’t have citizenship so he would need me to form the business, get insurance, run the administrative side of things, and set it all up. I […]Read More ...
Buying a business. Is it the right call for me?
Show notes for podcast episode 26. On one hand if someone is selling a business I’m immediately a little skeptical. it must have some problems. Why would they sell it if not? It might require too much of their time and energy. It might be stressful. It might be losing money. The future might be […]Read More ...
How to send very effective emails
What skill is underrated or ignored that you think is and important key to success? 269 billion emails are sent and received every single day but nobody talks about email etiquette. The people who are good at it shine. The people who aren’t have a disadvantage and they often don’t even know it. Email contents […]Read More ...
How is it realistic for me to offer a high skilled service?
How would you start a service business where you have to have specialized knowledge? A business like yours anyone who can drive can start. But let’s say a business like HVAC or appliance repair, traditionally people that have a lot of experience working in that area eventually decide to go solo and start a company. […]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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