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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 be. Its getting cheaper[...]
General
How my temper almost set me back millions of dollars
Tax season (for me) is here and my final income tax bill will be $0 for one main reason - Cost Segregation Studies and bonus depreciation. DO NOT FORGET TO GET COST SEGREGATION STUDIES DONE ON YOUR REAL ESTATE. The folks at RE Cost Seg have already delivered my cost segs this year and the depreciation is mouth[...]
General
#137 - Businesses I HATE with Jim Flannery - online yoga instructing and other remote coaching
Show notes from Episode #137 of the . There’s been great feedback and outreach from the “Businesses I Love” , and we now have a few episodes with taking a different approach. Jim and Nick hear a lot of ideas for businesses that typically don’t lead to success, and they’ll discuss the difficulties here as well as[...]
Podcast Episode Recaps
406: 406: Why entrepreneurship culture sucks
In this episode, I dive into what's wrong with entrepreneurship culture. The media glorifies startups, but starting a business is simple: go out, sell a product or service, and do the work. Make money first, then build your business. Thanks for...
Podcast Episode Recaps
Ep 70: When operational fundamentals come under pressure
Nick discusses raising good kids and how hard it can be when striving to earn generational wealth, how to protect the downside in real estate, and how to think about advice you get through the lens of the person giving you the advice Follow my...
Podcast Episode Recaps
Ep 90: What people fail to understand about Real Estate
Nick discusses raising good kids and how hard it can be when striving to earn generational wealth, how to protect the downside in real estate, and how to think about advice you get through the lens of the person giving you the advice Follow my...
Podcast Episode Recaps
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 is[...]
Podcast Episode Recaps
A supportive significant other is your greatest asset - a conversation with Nick's wife Michelle (Ep 78)
Show notes from podcast episode 78. Having support on the home front is critical. In this episode of the podcast Nick talks with his wife Michelle about the struggles along the way and how they were able to overcome the unique lifestyle that is entrepreneurship. A few key takeaways: #1 - Communication Being on[...]
Podcast Episode Recaps