Nick talks to Justin Donald, the founder of Lifestyle Investor, about the concept of lifestyle investing and the importance of understanding wealth creation, freedom, and impact for entrepreneurs and business owners. Justin shares his journey from being an entrepreneur to becoming a successful lifestyle investor, emphasising the need to diversify investments and create passive income streams. They discuss the ten commandments of lifestyle investing, focusing on principles such as reducing risk, ...
Jun 05, 2024•1 hr 5 min•Ep. 360
Nick discusses the importance of leveraging time effectively to maximise output in business and personal life. Drawing inspiration from entrepreneur Naval Ravikant, Nick emphasises the concept of leverage in time management, focussing on the detrimental effects of being addicted to chaos and trading time for money, and highlighting the need to transition to trading money for more time to achieve entrepreneurial success. KEY TAKEAWAYS Understand the power of leverage in business and prioritise it...
May 22, 2024•25 min•Ep. 359
Nick is joined by special guest, Anastasia Koroleva, who has been involved in multiple exits and is now focused on the psychological effects of exiting companies. They discuss the importance of understanding the psychological impact of exiting a business, including the challenges and changes that come with it. Anastasia shares insights on the post-exit period, emphasising the need for healing, self-discovery, and exposure to new experiences. They delve into the concept of finding purpose and aut...
May 08, 2024•58 min•Ep. 358
Nick is joined by Elliott Holland, an expert in due diligence, particularly quality of earnings. Elliott shares insights into the due diligence process, focusing on the importance of financial analysis and commercial and operational considerations. He emphasises the need for a robust due diligence process, especially for smaller businesses, to ensure accurate financial reporting and mitigate risks. They also cover key aspects such as working capital, key man risk, and strategies for successful a...
Apr 24, 2024•41 min•Ep. 357
Nick and special guest Dan Cremons take a deep dive into the world of private equity. Dan, with his extensive experience in private equity, shares insights on maximising exit value for business owners. They also discuss the evolving landscape of private equity, emphasising the importance of operational expertise and value creation post-acquisition. Dan highlights the significance of building a business that aligns with the criteria of potential buyers, focusing on people performance and strategi...
Apr 10, 2024•1 hr 9 min•Ep. 356
Nick discusses the key steps to prepare for a high-value exit of a business. He breaks down the process into three stages: strengthening the foundations of the business, scaling the value of the company, and being smart when you decide to sell. Nick emphasises the importance of transitioning from organised chaos to a well-oiled machine by focusing on areas such as talent structuring, systems automation, and data-driven decision-making. He also delves into the significance of understanding the M&...
Mar 28, 2024•35 min•Ep. 355
Nick is joined by Callum Laing, who shares insights from his experience in setting up boards for successful exits and emphasises the importance of having a diverse and effective board in place. They discuss the value of advisory boards, the journey to becoming a board member, and the steps individuals can take to join boards successfully. Callum also introduces his upcoming book, "The Boardroom Blueprint," which provides a guide for individuals looking to enter the world of board membership. GRA...
Mar 14, 2024•45 min•Ep. 354
Nick is joined by Amber Spears, to talk about affiliate marketing, emphasising the importance of diversifying customer acquisition channels and highlight the value of incorporating affiliate marketing into a business strategy. KEY TAKEAWAYS Affiliate Marketing Basics: It's vital to recognise the different types of affiliates such as traditional affiliates, influencers, and ambassadors. Value of Diversification: Diversifying customer acquisition channels is emphasised as a key strategy for busine...
Feb 29, 2024•1 hr 2 min•Ep. 353
Nick interviews Trey Taylor, author of the book "A CEO Only Does Three Things: Finding Your Focus in the C-Suite." Trey shares his personal journey of unexpectedly taking over his family's multi-generational financial business and the challenges he faced in learning the role of a CEO. He emphasises the importance of culture, people, and numbers in the CEO's job and how these three areas are interconnected. Trey discusses the significance of articulating and ritualising company values, sharing st...
Feb 15, 2024•55 min•Ep. 352
Nick is joined by JB Brown, an experienced entrepreneur and mergers and acquisitions advisor. They delve into the topic of partnerships within businesses and the challenges that can arise, particularly when preparing for an exit. They discuss the importance of understanding each partner's goals and motivations, as well as the need for a solid partnership agreement from the start. JB shares personal experiences and insights, highlighting the significance of clear communication and trust in mainta...
Feb 01, 2024•51 min•Ep. 351
Nick welcomes back Adam Coffey, a renowned expert in scaling, growing value, and exiting companies, to share his insights from his latest book, "Empire Builder: The Road to a Billion," where he discusses the challenges faced by entrepreneurs and offers strategies for success. Adam discusses the importance of understanding unit-level economics, focusing on needs-based businesses with recurring revenue streams, and diversifying assets through strategic partnerships and exits. Adam also delves into...
Jan 18, 2024•46 min•Ep. 350
Nick shares his insights and strategies for goal-setting and business planning, focusing on the importance of clarity, simplicity, and execution in achieving business success. Nick takes you through a step-by-step process, starting with creating a vivid vision for the business and setting goals aligned with that vision. He then breaks down the goals into operational drivers and strategic initiatives, and further refines them into projects and actionable tasks. KEY TAKEAWAYS Setting clear goals a...
Jan 04, 2024•41 min•Ep. 349
Nick is joined by Rob Huxtable, a partner at executive search firm Falcon, to discuss what it takes to thrive as a C-suite leader in a private equity-backed company. Rob shares his expertise on the characteristics and skills necessary for success in this environment, delving into the importance of self-esteem, execution at velocity, hands-on involvement, effective communication, and influence without authority. They also explore the need for alignment with the specific governance model of a priv...
Dec 21, 2023•57 min•Ep. 348
Nick is in conversation with Joe Stolte, an entrepreneur with an impressive track record of successful exits, to discuss the power of AI in business and its rapid growth and impact across the world. Joe shares his experience in using AI to drive successful marketing campaigns, particularly through email newsletters. He emphasises the importance of understanding the customer and delivering valuable content that resonates with their needs and interests. Joe also introduces his company, daily.ai, w...
Dec 07, 2023•52 min•Ep. 347
Nick welcomes Chip Conley, a renowned speaker and author, about the concept of midlife wisdom and the transformative power of embracing new opportunities. Chip shares his personal journey of transitioning from a successful CEO to becoming a modern elder and mentor at Airbnb. He discusses the societal stigma around aging and how reframing our mindset can lead to a more fulfilling and purposeful life. Chip also highlights the importance of cultivating wisdom, navigating midlife transitions, and em...
Nov 23, 2023•52 min•Ep. 346
Nick welcomes Jeremy Snape, a former cricket player for England and now a sports psychologist and leadership consultant. They delve into the parallels between sports and business leadership, focusing on mindset and the importance of a winning mindset. Jeremy shares personal stories from his cricket career, including moments of despair and triumph, and discusses the power of staying present and in control of one's thinking. He also highlights the need for preparation, scenario planning, and the a...
Nov 09, 2023•45 min•Ep. 345
Nick is joined by Purdeep Sangha, an expert in business growth, scaling, and leadership, with a specific focus on family businesses. Purdeep shares his personal journey, growing up in an immigrant family and working in the agricultural business. He discusses his transition from the corporate world to entrepreneurship, driven by a desire to align his values and make a bigger impact. The conversation delves into the importance of mindfulness and meditation in effective leadership, highlighting the...
Oct 25, 2023•1 hr 1 min•Ep. 344
Nick is joined this time by Ryan Tansom and Walker Deibel, for a lively discussion about the complexities and misconceptions surrounding buying and selling businesses. They address the rise of misleading marketing tactics that promise easy success in the world of acquisitions, highlighting the importance of understanding the true value of a company and the practical steps needed to achieve a successful transaction. They also explore the different perspectives of acquisition entrepreneurs and ind...
Oct 11, 2023•1 hr 28 min•Ep. 343
Nick talks to David Lesperance, a tax advisor and international tax expert, about the complex world of tax mitigation and strategic planning for entrepreneurs and business owners looking to optimise their wealth and minimise tax liabilities. David shares his extensive experience in helping clients navigate the intricacies of residency, citizenship, and domicile options in various jurisdictions, and emphasises the importance of understanding individual goals, family needs, and wildfire concerns t...
Sep 27, 2023•1 hr 2 min•Ep. 342
Nick is joined by guest Brooke Casanovas to discuss the significance and intention behind mastermind rooms. Brooke shares her journey of attending and hosting masterminds, starting from seeking knowledge and proving herself, to realising the importance of building a network and collaborating with like-minded individuals. They delve into the different tiers of masterminds and the transformative power of being in a room with high-frequency individuals who are aligned with their calling. They also ...
Sep 13, 2023•46 min•Ep. 341
Nick welcomes Joseph Durnford, an expert in M&A transactions with over 30 years of experience. They delve into the world of deal making, building value, and exiting companies. Joseph shares his insights and expertise, drawing from his extensive background in private equity and investment banking. They discuss the changing landscape of private equity over the years, the rise of distributed entrepreneurship, and the importance of understanding the emotional elements involved in selling a busin...
Aug 30, 2023•1 hr 7 min•Ep. 340
Nick delves into his past experience in private equity and shares the disciplines and mindset that can be applied to any business. He discusses the practicalities of private equity, including the analysis of markets and potential, the development of a focused strategy, the importance of talent and incentives, leveraging resources effectively, and creating processes for continuous performance improvement. KEY TAKEAWAYS Private equity firms excel at analysis and market understanding, going deep in...
Aug 24, 2023•23 min•Ep. 339
Nick interviews guest Nick Koumalatsos, a former military serviceman with a colourful life and a decorated career. The conversation delves into Koumalatsos' journey from a lucrative but stagnant lifestyle to his decision to join the military. Despite facing numerous obstacles and rejections, Koumalatsos persevered and eventually found himself excelling in the military, leveraging his knowledge of the system to his advantage. The episode explores the power of mindset, turning adversity into oppor...
Aug 16, 2023•1 hr 20 min•Ep. 338
Nick delves into the darker side of private equity. While acknowledging the positive aspects of private equity, such as wealth creation and entrepreneurial freedom, Nick explores the psychological game of private equity M&A. He poses the question, "Are you the prize or the prey?" and explains how private equity views business owners as assets. KEY TAKEAWAYS Private equity firms play a game of buying low to sell high, and it's important for business owners to understand this dynamic when sell...
Aug 09, 2023•24 min•Ep. 337
Charles Byrd is one of the most connected people in the online space and knows how to help set up lucrative promotional deals that have his clients and students booking multi 7-figures in new business. Charles's work on relationships, joint ventures, and frictionless systems, has been featured in the likes of Forbes, ABC News, SiriusXM and the Science Of Success. Charles joins Nick to talk about one of the most important drives of growth in business - joint ventures and strategic partnerships. F...
Aug 02, 2023•38 min•Ep. 336
You don't always have to say yes to everything in order to get ahead in the world. Sometimes, this "entrepreneurial curse" can lead to great things, but as Nick explains in this episode, there's also a great power to be found in saying no from time to time. KEY TAKEAWAYS As entrepreneurs, we often feel as though if we say no to something, that we will somehow be missing out. This fear of missing out can often land us with headaches we can do without. Write down 25 goals on a piece of paper (busi...
Jul 26, 2023•15 min•Ep. 335
Meet Cameron Herold, the visionary who, at the age of 42, engineered 1-800-GOT-JUNK?'s spectcular growth from a $2 Million company to a jaw-dropping $106 Million in revenue in just six years. Not only that, his companies scored over 5,200 media placements, including Oprah!Not simply a theory guy, Cameron teaches what he knows from experience and is passionate about sharing his expertise with today’s most dynamic business leaders. Cameron joins Nick this week to discuss his most recent book, 'Sec...
Jul 19, 2023•39 min•Ep. 334
What makes your company unique and remarkable when you're pitching? Which lessons could you take from the world-renowned business model pioneered by Apple? Nick answers these questions and explains all in this episode. KEY TAKEAWAYS When it comes to pitching, many business owners struggle to crystallise everything they've created into a core concept and saleable snapshot. A win-theme are the five bullet points that, when explained to anyone, describe why your company is valuable and crucial to o...
Jul 12, 2023•17 min•Ep. 333
Justin Cooke is the founder of Empire Flippers, a company that he has taken from zero revenue, to selling over $450 million worth of businesses in just ten years. Justin joins Nick to discuss his incredible talent for acquisitions, as well as his new business, Webstreet, which aims to invest in online businesses as an asset class. Find out now if you’re building a high-value, exitable business (even if you have no immediate plans to sell it). You’ll get an instant PDF report with powerful insigh...
Jul 05, 2023•43 min•Ep. 332
In the fourth part of his series on Breaking Through Business Growth, Nick discusses the platforming stage of scaling up, and how it ties into value expansion and strategic thinking. KEY TAKEAWAYS You can only scale up through people, processes and systems. As a leader, your identity has to shift in order for you to be successful. When a business becomes a platform, it's an acquisition that acts as a starting point for other acquisitions in that sector. A platformed business creates value by fac...
Jun 28, 2023•19 min•Ep. 331
