Category: Uncategorized

The best business decision I’ve ever made and how to get treated better by EVERYONE

Folks ask me quite often what the best business decision I ever made was. Here is my answer: Hiring my first overseas employee. In 2021 I engaged a company called Support Shepherd to recruit a Philippines based employee for my storage company. Today 80% of the employees across my 11 companies are located in either the Philippines […]

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May 13, 2024 5 mins read

Why I don’t believe you can learn entrepreneurship from a book (or this newsletter)

The hardest thing about entrepreneurship, real estate, or anything else worth doing: You have to be able to look at incomplete information… Or a complicated problem without a clear-cut solution… And make a good decision on which way to proceed. There is nobody who can take you by the hand and lead you through a […]

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5 mins read

How to grow a valuable following on Twitter (step by step guide)

If you’re in a sales position (like all of entrepreneurship) make sure to listen to this podcast episode where I discuss HOW TO SELL effectively with my friend Jerimiah Lancaster. We give our exact playbook on how to close more deals. Enjoy! — Tax season (for me) is here and my final income tax bill will be $0 for […]

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5 mins read

6 totally normal people who got rich doing boring things for a long tim

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 haven’t […]

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5 mins read

The key to a great life, the value of being hard-to-offend, and the perfect real estate deal size

I have a podcast on small business and entrepreneurship. In this episode I discussed how my dad raised me to become an entrepreneur with a few key decisions. Enjoy! — I recently switched to AdRhino to run my pay-per-click Google ads at my self storage company. The results have been VERY GOOD. AdRhino drove higher quality traffic at 48% […]

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5 mins read

How to earn more money at work and how to find employees for your small business

Quick sponsorship before I give you some homework: I switched my property and casualty insurance to Titan Risk. They are my new insurance brokers who helped me save $80k annually on the insurance premiums across my portfolio of 63 self storage facilites. I highly recommend setting up a call with Titan if you own real estate. They do everything from […]

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5 mins read

What is your definition of wealth and what games are you playing?

Professional academics have tried studying business to develop the strategies and principles for entrepreneurial success. They have tried hard to look at cause and effect based on personality type. They have tried figuring out if a founding team needs to consist of two people or three. They’ve tried to figure out how success is tied […]

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7 mins read

What all of the rich people I know have in common…

I’ve met thousands of successful entrepreneurs in my life. People flying around on private jets. People with vacation homes in the most expensive zip codes in America and overseas. People who play golf, spend time with friends and family, and generally do whatever they want whenever they want. These people are not famous. They do […]

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5 mins read

How to be a good father, husband and leader

No matter how good you are at what you do, you will receive more criticism than praise in your life. The haters will line up to pull you down to make themselves feel better. If you can’t handle it, you’re toast. You will convince yourself they are right, your insecurities will take over and you’ll […]

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4 mins read

The #1 skill to master if you want to get rich

Sales is the key to life. Every single interaction with another human that could possibly move your life forward is a sales interaction. Buying something important? You’re selling yourself there too. Want people to follow you on Twitter? You are selling yourself and your ideas. Literally everything in life that could potentially move you forward […]

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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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