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Nick Huber Profile picture
@sweatystartup
Sep 23, 2020 • 6 tweets • 2 min read • Read on X
I'm convinced that 99% of new business ideas are over-complicated.

YOU DON'T NEED TO BE DIFFERENT TO WIN.

Its about getting your slice of the pie. Go after a big pie and get your slice!

Don't try to invent your own recipe to a new pie and make it from scratch.
Its not about you and what you want to do and your ego and drive to change the world!

Do the common things uncommonly well and you can win.

In a lot of industries (home services) if you simply answer the phone and show up you can get your slice!
The passion projects are markets filled with selfish and delusional people.

The ones who love what they do so much they don't act as rational actors.

They'll stay open too long and with prices too low and smile the entire time.
The less sexy the service the better the opportunity.

Its about supply and demand. Find something with low supply (because it sucks) and a lot of demand (because somebody has to do it).

Thats how you win.
And “because it’s hard” isn’t the same thing as “because it sucks”.

Don’t be like Elon musk. Don’t be like Steve Jobs. Those guys solved hard problems. They also are unicorns.

Be like my golf buddy who nobody knows his name but he’s wealthy AF.

It’s about execution.
Exhibit A:

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More from @sweatystartup

Nick Huber Profile picture
Sep 15
5 counterintuitive things about running a company:
#1:

If you love doing the work itself you’ll be disappointed.

Running any company at a high level has nothing to do with the actual service your company provides.

It involves hiring, delegation, recruiting, sales and performance management.

And solving problems all day.
#2:

Forget your passion.

Go after opportunity. Don’t do what you love.

Be logical, not selfish.
Read 6 tweets
Nick Huber Profile picture
Aug 9
A friend of mine makes about $500k a year and controls his own schedule.

3 kids. Travels a lot. Has hobbies. Works 30-40 hrs a week.

Here is the career path:
Limped through college with below average grades.

Starbucks barista for 2 years making $12 an hour.

Got married at 24.

Took a job for $30k a year as an assistant at a bank.
Transferred to the mortgage branch of the bank, got a $5k raise to $35k. Spent 8 months there.

Got a chance to become a loan officer at another bank in town. Took the job with virtually no base pay, all commission.

Worked his ass off, became a good salesperson.
Read 6 tweets
Nick Huber Profile picture
Jul 8
There is always a bottleneck in every single business.

Here are the stages:
1. First it is customers.

If you already have the ability to provide the service yourself, you just need a customer or two to get the ball rolling.

As soon as you get those first few customers, you have a business and you are off to the races.
2. Employees.

Next, once you have enough customers coming in the door where you can no longer do the work by yourself, you need employees who can provide the service on your behalf.

At this stage, customers pay you, and your employees execute while you oversee them.

As the owner, you still do most or all of the admin work yourself.
Read 9 tweets
Nick Huber Profile picture
Jun 18
How to figure out if your business idea is any good in 5 minutes or less:
My friend in Athens told me recently that he wanted to start a house painting business.

We were sitting on my back deck drinking a Keystone light on Saturday at about 4pm.

He asked me what I thought.

I went to work.
I typed "House Painting" into Google Maps on my phone.

10 results popped up nearby.

I hit "call" on the first one.

A guy answered on the second ring. He was nice.

He told me he could come to my house anytime on Sunday or Monday to give me a quote.
Read 6 tweets
Nick Huber Profile picture
Jun 7
10 important things I've learned about hiring:
#1: A unicorn isn't just going to walk in the door.

If you're looking for someone who cares about your business as much as you do, you'll never find them because they don't exist.

To succeed you have to build a business with systems where normal folks can thrive.
#2: If you're the bottleneck, you'll never grow (and you'll be miserable)

Most business owners deal with every problem. If there is a decision to be made, it always starts and stops with them.

But the most successful owners have taught their employees how to make better decisions and they empower them to do it on their own.
Read 11 tweets
Nick Huber Profile picture
Jun 4
How to get rich without getting lucky:
Find a way to make $100/hour doing something simple IN YOUR TOWN.

Do it until you have $10K+ in the bank & you’re too busy to sell new customers.

Hire employees for $20/hr to do what you do so you can sell new customers.
Look at the market unemotionally.

It’s not about you and what you love doing.

Don’t try to reinvent the wheel.

Look at competition as a sign that there is money to be made here.
Read 13 tweets

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