Nick Huber Profile picture
Sep 28, 2020 11 tweets 3 min read Read on X
How to get rich without getting lucky:

Find a way to make $100 an hour doing something simple IN YOUR TOWN.

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

Hire employee for $25 / hr to do what you do so you can sell new customers.

Repeat.
Be willing to work and sweat and even maybe scrub toilets for 3-6 months.

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 there is money to be made.
Compete with folks who run their business like its 1985 with secretaries, yellow pages, and cash.

Wrap in technology. Never take cash. Outsource accounting and get software for all other admin.

Turn quotes in 10 mins or less without site visits.

Book in 30 secs or less.
Stop blaming the labor market for your inability to hire good people. Market to them just as you would market to customers.

Stop looking for unicorns who will treat your business like you do. They don’t exist.

Build a business that can thrive with perfectly normal people.
Simplify their job and understand the golden rule:

If you ask them to be competent at more than 5 things they’ll be incompetent at all of them.

Employees want clear, simple direction so they can succeed. Autonomy is overrated and makes for good unicorn books.
Keep spending your time selling.

That means hiring ahead of revenue sometimes.

Do the things that are important but not urgent. Every week analyze the fires that distracted you from selling.

Make it a priority to prevent all of them next week with better systems.
Do the marketing that doesn’t scale.

Everybody yells at digital marketing to spend more on AdWords. Dont.

Hire an outside sales rep on commission. Cold call 500 people per quarter who could potentially refer you biz.

Get a marketing intern to put out bandit signs.
Follow up with your past customers. They are golden opportunities for referrals and more work rarely tapped by service companies.

Send hand written thank you notes 4 wks after service.

Get reviews on Google May Biz. With photos.

Spend $500-1000/mo with a good SEO shop.
When you run out of new work in your town step back and take a look.

Make the decision to hire a a manager to replace yourself and do whatever the hell you want with your life or go to another town and do it all again.

What are your goals?
Or use your cash and experience to shift into bigger and bigger opportunities.

For me it was moving boxes->student storage->self storage. For you it might be cleaning toilets-> managing Airbnb’s -> owning short term rentals. Whatever.
Need a place to start? Check out this list:

sweatystartup.com/businesses-I-l…

Want a list of tools and a step by step?

sweatystartup.com/essential-tools

Need to figure out if there is room for you to compete? Check out this process:

sweatystartup.com/the-best-way-t…

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More from @sweatystartup

Mar 8
High school sports is a different level today.

You can’t compete at most high schools unless you do travel leagues, summer leagues, camps, lessons and dedicate your life to it.

So screw it.

My kids will be average athletes, enjoy the outdoors and will be great at business.

I was a D1 All American. Still hold 3 college school records and 6 high school records.

But it ain’t worth it today.
There are several sports that aren’t even worth playing.

Football is a brain injury waiting to happen.

Swimming is 4am and 4pm practice and 4 hours a day in the pool.

Volleyball and baseball are year round travel sports living out of hotels.
Wrestling encourages 16 year olds to starve and dehydrate themselves - often damaging the metabolism for life.

Baseball is a total waste of time. Insanely low odds and massive time commitment.

Gymnastics damages the body and joints and takes over young kids lives.
Read 6 tweets
Feb 21
A thread on how to turn $100 into a lot more:

Sound silly? Good.

It really is this simple sometimes.

Lets go👇
First, get on your computer and buy a web domain.

Get a freelancer (upwork or fiverr) to make you a logo/flyer and get $45 worth of flyers printed at your local print shop.

Buy a box of sidewalk chalk if you really want to grind and get gritty.
Go downtown with the sidewalk chalk and write “pressure washing and home cleaning 888-555-1234” as many times as you can in high traffic areas.

Go to a middle class or high end neighborhood and hand out flyers on porches and wherever else.
Read 17 tweets
Feb 13
I attribute a lot of my success to running every major career decision through this test from age 20 onward:

Which route will increase the odds of me being able to do whatever I want with 100% my time when I’m 35 yrs old?

A thread:
It turns out, when I really did the math, I didn’t need a unicorn startup.

I needed to stash about $1MM (after tax) by 27 and then invest it wisely from there.

Definitely wasn’t going to happen with grad school or law.

And most normal jobs didn’t cut it either.
So I started a small business with really crappy competition and a sure-bet way to make $250k a year for a few years straight.

The rest is history.

And I achieved my goal 5 years early.
Read 11 tweets
Jan 24
A mindset shift that really changed my life:

A thread:
Walk into every single interaction with the goal of adding as much value as humanly possible.

Don't think about charging money, withholding info, etc.

Prove you know your stuff.

Help in a massive way.

Gain trust. Profit later.
A lot of folks have this mindset of scarcity.

If I give away what I know I’ll lose something and they’ll gain.

Or if someone else makes money, I must be losing money.

The sooner you realize that it’s a plentiful world, everyone can make money and you should share everything.
Read 7 tweets
Jan 22
If you're new to the real estate community on X this is a must-read.

A thread on how most real estate folks structure deals with outside investors.

Most GPs utilize the "preferred equity" structure when they raise money from outside investors.

They "syndicate" deals.

Here's the basics:
The person (or team of people) putting the deal together is the "sponsor."

Also called the general partner or GP.

They find the property, do all of the work, hire the management company and take fees.

They often co-sign debt and always secure the financing.
The investor is generally passive, doing no work and just putting in cash. They are called the "limited partner" or LP.

They don't co-sign debt. They simply read reports and ask the sponsors questions and cash checks every month (if the deal is going well).
Read 28 tweets
Jan 15
What successful people understood before they were successful.

A short thread.
Mentorship isn’t about finding a great mentor.

It’s about becoming a person great mentors WANT to help.
Hiring isn’t about finding good people.

It’s about becoming a person good people want to work for.
Read 16 tweets

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