#155 Three things (aside from COVID) that could wreck our economy
I've spent the last 2 weeks talking to as many smart people as I can about the economy, what they're afraid of, and what they think will happen. Here is a breakdown.
I've spent the last 2 weeks talking to as many smart people as I can about the economy, what they're afraid of, and what they think will happen. Here is a breakdown.
When change happens entrepreneurs get windows of opportunity to add new value in new places. This is an opportunity!
How you chose to spend your time makes all the difference. Doing an 80/20 analysis can help you figure out what 20% of your efforts generate 80% of your results.
Do the smart work that is uncomfortable and watch your life open up!
Adam runs down his list of essential tools to get your local service business found online. From website builders to hosting to lead capturing he runs through all the tools he uses to build for his clients every day!
Time management is something that can make or break an entrepreneur. Nick talks about the 4 quadrants of time management and how to work on what is most important but is easy to procrastinate or ignore.
Adam tells his founding story and how he has built a web development agency that does $55k a month in revenue with 6 full time employees. He founded SparrowWebsites.com in 2016 as a 30 year old with 10k in the bank.
Nick answers a question from a listener about how he would market and build a power washing company.
Standardizing the material that new employees use to get onboarded and trained is a powerful tool that you should do right now during the slow season.
A customer in the loop is a happy customer. Set up all of your interaction in advance and spend some time thinking through how to get your message across to customers as efficiently as possible.
Nick and Jim talk about more businesses that Nick wouldn't start in if his life depended on it.
Nick and Jim dive into a few business ideas that Nick hates.
Jim Flannery is a founder and professor of entrepreneurship at University of Georgia in Athens GA. He gives his thoughts on big ideas and why they shouldn't be overlooked.
Coach Keppner runs a successful boxing gym in Athens GA and is also host of the Coach Keppner Show on a local radio station. In this episode he shares his story along with his principles and self help concepts that guide him towards a successful life.
We have a caller from Kansas City who is looking into purchasing a business. We talk about some of the questions to ask and what to look for!
Its an expense. They depreciate fast. In this episode we talk about the difference in buying a 10 year old car and a brand new car. Nick shares his cost of car ownership breakdown over the past 14 years and he compares it to the numbers if he had bought new every 5 years.
How do we find a balance in life? The media and the hustle mentality are driving us to crazy lengths. Its about enjoying life.
What is wealth to you? What are your goals with entrepreneurship? I lay out what is important to me.
Nick and Max talk about businesses they love and how they would start them. https://sweatystartup.com/businesses-i-love/
How would I start a window cleaning business? In this episode we lay out the steps of exactly how we'd do it. https://sweatystartup.com/essential-tools/
What makes an entrepreneur better? What sets them apart? What makes them more likely to succeed? Mindset. Nick and Max discuss it.
Nick and Max talk about their 10 favorite business books and what they like about each. https://sweatystartup.com/booklist/
The shift was the moment we stopped pointing fingers and started taking the blame for things going wrong within our business. Instead of texting the employees the night before about their shift we scheduled them out a week in advance. Even if we weren't sure exactly what they'd be doing. We overemphasized their schedules and set up automated emails and texts to constantly remind them as the day approached. Instead of training them by walking around the warehouse pointing at things we spent time ...
You wouldn’t expect to be able to pick up a basketball and play for an NBA team day 1. So why do we expect to start a business and get rich or make good money on day one? It’s a skill. You get better at it by PRACTICING. Making decisions. Communicating. Selling. You can read all the books you want but it just takes getting out there and doing it. Starting small and working your way up. Stop reading this and start putting yourself out there. Start something....
Dan Nick and Max sit around and talk business once again to discuss trends and businesses they would love to start right now and how they would do it.
This book outlines and reinforces the fact that business, negotiation and any human interaction is inherently very emotional. It’s centered around negotiation but this book has so many solid management and leadership principles. Mirroring, tactical empathy, starting with no and labeling are all phenomenal. https://sweatystartup.com/booklist/
Nick, Max and Dan get together to brainstorm business ideas and how they would launch and market a lawn care, Christmas light installation and mobile locksmithing company. This episode was a ton of fun.
You have to be really good, have money, and have a lot of luck to make a new revolutionary idea work. There are a lot of bad businesses out there right now making good money. Some of them suck at sales . Some suck at recruiting . Or marketing. Or SEO . Maybe they run their businesses like its 1980. Some suck at many of these! Yet they still make really good money. Don't try to reinvent the wheel with a revolutionary idea. Its expensive. The odds of success are low. Its risky....
Nick discusses the recent events in Erie and Pittsburgh with his self storage acquisitions.
Andrew Huber owns and operates The Lawn Squad , a lawn care and weed control company based in Bloomington Indiana. Show notes with photos here . How much profit does a lawn care company make? What is the initial investment? How much of a time commitment? We answer all of these questions and more as Andrew comes on the show to discuss his 2019 season and share his revenues, expenses and customer numbers for the season. We dive deep into the profit and loss statement to find out how profitable a l...