Category: Uncategorized

How to start a business while working full time

You do not need to quit your job. Yet. Money and time are your most important assets. You need to free as much of each of these things up as you can in order to invest them in your new (side) business. Lean out. Bank your money. Sell your expensive cars. Don’t buy the overpriced […]

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January 23, 2019 3 mins read

How to make customer service one of your competitive avantages

Customer service is a weak point of most service based businesses. Missed calls. Grumpy overworked employees or owners. Chain smoking unkept technicians. Unreliable. Over promising. Disappointing. Just answering the phone puts you ahead of most of your competitors in this space. But you can take it a step further and keep customers from even considering […]

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January 22, 2019 3 mins read

Think like an entrepreneur at work

Who is your boss? Who manages your branch? Who oversees your region? Who owns the small business you work for? Who is the most valuable person at your company or in your circle? If you could chose to be complimented by one person at your office who would it be? Think about that person. You […]

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January 16, 2019 5 mins read

People do business with people they like

Its easy to forget that doing business is very much an emotional decision. People are way more likely to buy something from somebody or hire someone who they get a good feeling from. Don’t be a robot. Personalize your website. Personalize your emails. Make people read the “about us” section of your website and begin […]

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January 14, 2019 1 min read

The Pro Forma

A pro forma financial projection model is your best friend. Use Excel or Google Sheets to build out your models and do a lot of research on your industry standards and fill in blanks with actual expenses and revenue estimates per customer. Costs will vary at different customer levels so make educated (and research based) […]

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January 11, 2019 2 mins read

Expensive cities have the best opportunities

Expensive cities with high cost of living have amazing opportunities for service based entrepreneurs. NYC, DC, Boston, all of Cali, all of Canada, all of Europe. Anywhere where hourly labor is in low supply. Here is why: First of all there is a huge demand for services in expensive cities because people and companies are […]

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January 9, 2019 2 mins read

The only kind of goals that work

When you are starting a company time is of the essence. You need to learn and sell and get your service to market as fast as possible. Your opportunity cost is huge. You could be earning in the workforce or pursuing any number of opportunities. Its time to get uncomfortable. Its time to set goals. […]

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January 8, 2019 2 mins read

Simplify the job

I hear people say all the time that the key to success in entrepreneurship is finding great people. That if you can find people who care about your business like you do you will succeed. News flash. Nobody will care about your business like you do. Why would they? Stop looking for people like this […]

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January 7, 2019 2 mins read

Get comfortable in uncomfortable situations

“Life begins at the end of your comfort zone.” Neale Donald Walsch If its comfortable it probably isn’t getting you anywhere. Getting that safe job and going to that safe college and minimizing as much risk as possible is comfortable. But is that how you get ahead? Is that how you design your own lifestyle? […]

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January 6, 2019 2 mins read

Time is your most valuable asset

If you are exactly where you want to be in life then keep doing what you are doing. If you are on pace to accomplish your goals and you are happy with your life right now then this advice isn’t for you. But if you have a goal or would like to make a change […]

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January 5, 2019 2 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 […]

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 […]

Essential Tools

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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