Deal Breakdowns

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 […]

Business is all about momentum. If you can get in the mindset to “add value first” to gain your following and build your brand you will be a lot better off. Sacrifice profits in the near term by discounting your service or products with the goal of gaining a following and securing value later. In […]

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 […]

Time is your most valuable asset and there are four areas that you can spend your time in life. The first quadrant is important and urgent. A crisis. An emergency. You must do it now. The second is important but not urgent. Prevention. Planning. Forward thinking about how to improve. Not important but urgent. Distractions. […]

The 80/20 principle is my favorite and the most important principle to understand in life and in entrepreneurship. Its says that 80% of your results come from 20% of your efforts. 80% of your stress comes from 20% of your environment. 80% of your joy comes from 20% of your activities. You name the result. […]

The way people treat their money is one of the most important traits in entrepreneurship. Frugality wins because every dollar you save personally and invest in the company the right way becomes three dollars a few years later. Having cash reserves because you live in a responsible way allows the company to survive when the […]

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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 […]

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 […]

There are only three levels of wealth in this world and beyond that money doesn’t matter. The first is being able to feed your family, pay your mortgage and not stress about going into debt. The second is going to a restaurant and not worrying about what restaurant it is or the prices prices and […]