Before we jump in:
Do you run paid ads on Meta and Google to grow your business?
The team at AdRhino is offering a FREE paid ads audit (valued at $2K) for the first 5 companies that reply to this email.
They will tell you exactly how to optimize your Google and Meta ads at no cost to you.
(Note, alongside being a happy customer, I am also an investor in the business)
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Many people make the mistake of planning and thinking about how they would run a massive company before they even start. Dreaming about that multi-million dollar deal. The nice office. The new car. The big pay-day years down the road.
They drum up a sophisticated business plan and tell all of their friends how they’re going to make bank. They write pages and pages of notes and have a full on roadmap of what they plan to do in years 2, 3 and 4.
I’m here to tell you that is all bullshit. If you want to start, you need to start now!
If you’re new to entrepreneurship, your job is to collect money. Period.
You can’t wait around sitting and thinking about business plans, daydreaming theories for how you’ll navigate challenges when you have zero dollars coming in the door.
So here’s your assignment instead:
Go out and figure out how to make $1,000 in January.
Collect a deposit. Sell a service. Get somebody to hand you cash or send it to your bank account. Convince them to give you their money in exchange for your work. Go get sweaty.
Here is a rule I live by when it comes to entrepreneurship:
Unless you are already wealthy, your first business needs to be making money right away.
Therefore, you have to ask for money immediately. And if people refuse to give it to you, your idea sucks, and people don’t actually need what you’re offering or they don’t trust you to deliver it. There are very few exceptions to this rule.
If you can’t get money, you aren’t solving a problem, and you need to go back to the drawing board.
Start small. Start boring. Mow grass. Move something. Clean something. Make it a full speed race to make $1000 in profit.
I created a list of 200+ business ideas where the competition is weak, the risk is low, and the odds are in your favor that can help you get there.
Things like:
- Lawn mowing / trimming / landscaping
- Pest control
- Residential Painting
- Pressure washing / concrete cleaning
- Mobile car detailing
- Window cleaning
- Laundry services
- House cleaning
- Junk removal
- Pet sitting / walking / boarding
- Baby sitting
- Snow shoveling / snow plowing
- Private driver / transport services
- Car, boat, or RV cleaning
Things where you can make money quickly (as in January next month!) without tons of time or skill.
That’s it. That’s how it starts.
If you want to make money, you need to put yourself in the game.
You need to make 25 cold calls, go to door to door knocking, and send out some emails to get things started in January.
You need to SELL SOMETHING, collect payments, deliver the service and repeat.
Then you just have to put one foot in front of the other for five years and watch your income grow.
Once you have a few clients, then you start thinking about hiring and delegation. Not before.
If you want to start, then you need to START NOW.
Happy new year all.
I hope 2025 is great for you and your family.
Respond to this email telling me what business you plan to start in 2025.
I’d love to hear from you.
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P.S. Want to estimate how much you could save in taxes by doing a cost seg study and taking bonus depreciation?
Try this calculator where you can share your details to learn how much you can save.
Note: I’m an investor in RE Cost Seg which created this tool.
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A few tweets from this week:
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I’m an investor in an insurance company called Titan Risk. They are helping me with cyber insurance, errors and omissions and, most importantly, directors and officers liability.
The insurance guru at Titan, Jon, has helped over 1,500 clients get policies throughout his career. He’s offering 5 free consulting calls to share where you might be exposed and educate you.
Onward and upward,
Nick Huber