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197. The wealthiest people I know started regular "old-fashioned" businesses
In today’s episode of , Nick talks about “old-fashioned” business. The wealthiest people he knows started regular “old-fashioned” businesses, not some sexy new ideas with venture capital money. They just had good ideas and worked hard at them. The way the world portrays and views people like Steve Jobs and Mark[...]
Podcast Episode Recaps
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? Is[...]
General
The 2nd wealthiest guy I know and how he prints money out of thin air
Last week's podcast episode on how to fire an employee was one of the most popular episodes I've released. Check it out on Youtube or Spotify . If you are one of the 200+ folks who joined my newsletter recently and are looking for the risk management assessment tool, click here . It is a free section from my real[...]
General
How to start a pest control company
On Friday after work instead of meeting friends for drinks go home and get to work. Buy a domain and get hosting. I love Decide what type of pest control or extermination you want to focus on initially. Most states have different certification, licensing and exams for different types. Termites, rodents, insects,[...]
Tactics and Strategies
The most important part of business and life...
A note on building leverage: My own journey towards leverage was a slow, tedious grind that took place over 10+ years. During the first years of both Storage Squad and my self-storage business, I spent many hours on the phone with annoying customers who yelled at me. No matter how worn out, frustrated, and beaten[...]
General
Competition, profitability, and your odds of success
Before we jump in: My friend Sahil Bloom wrote a new book called The 5 Types of Wealth. It's phenomenal. You should buy a copy here. -- People watch too much Shark Tank and think too much about entrepreneurship through a new-idea lens. This makes them delusional. If no one has succeeded before or if your business[...]
General
How to raise good kids when you get rich
I see a funny trend with small business. Owners will spend $60k on a new truck or $10k on a family vacation at the drop of a hat. But they are running a multi-million company with a crappy website they paid somebody $2,000 to build. They don't understand that millions of dollars worth of business is deciding[...]
General
Building a Self Storage Empire Part 2 - The first month in the books
The first month is in the books in Pittsburgh is cruising right along. We paid $472k for the property with 20% down ($95k). We generated $6,244 in revenue in our first month and had $3,907 in expenses (including $996 in principle) for $2,337 in profit. Our facility in Pittsburgh Our Annual Net Operating Income at[...]
Podcast Episode Recaps
How to start a junk hauling business with Sam Evans
Show notes from episode 117 of the Sweaty Startup podcast. After graduating from Penn State, Sam Evans made an unconventional choice for himself in forgoing a traditional post-graduation career to continue the junk removal service that he had launched two years. While friends of his were taking corporate jobs[...]
Podcast Episode Recaps
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[...]
General
362: How to Delegate with Shaan Puri
In this episode, Shaan Puri and I discuss why delegation is the key to leverage and growth for all businesses. We talk about how we’ve personally used https://www.supportshepherd.com to hire 50+ employees over the last few years and how you can too....
Podcast Episode Recaps