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Category: Ask Nick

The housing cartels

Housing is so expensive in America’s top 10 cities that only the wealthy can afford to buy a home or even rent an apartment. What factor is at play that everyone is missing? I feel very strongly about this one and I have a bit of a unique opinion. Housing is astronomically expensive because there […]

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January 15, 2019 2 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

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

Rentable moving boxes

I have a job that pays me well but I hate it. I think there is a real demand for rentable moving boxes in my town. If I can capture just 1% of the people who move every year in my city I’d be profitable. Should I quit my job to pursue this startup? I […]

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December 6, 2018 3 mins read

My biggest client just left me

20% of my business out the door. I’m scrambling. I’m stressed. What do I do? Nick’s answer: You may be expecting a lot of motivation here. A lot of encouraging words. Keep going. Keep trying. Stay determined and you can do it. Be weary of this advice. As a manager – you’ll try to work […]

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3 mins read
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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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