TMBA513: How To Get Rich Without Getting Lucky
Tropical MBA: Entrepreneurship & Founder Lifestyle
Dan Andrews; Ian Schoen
4.9 • 527 Ratings
🗓️ 3 October 2019
⏱️ 50 minutes
🧾️ Download transcript
Summary
A few weeks ago, Dan and Ian invited Nick Huber on to the show to talk about his storage business Storage Squad.
During that conversation, Nick shared the story of how he built a successful "old school" business by applying his technical knowledge to a less competitive market.
After we stopped recording, that conversation took an interesting turn when Nick started opening up to us about his philosophy for building labor-intensive businesses that he likes to call "Sweaty Startups".
On today's podcast, we've invited Nick back to share some of those philosophies, with a focus on the types of business models that he is attracted to, as well as the ones that he isn't particularly fond of.
Transcript
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| 0:00.0 | The market is there for you to completely study. You can get on your phone on Google and in a half an hour, |
| 0:05.4 | you can get a feel for whether or not you can carve out a piece of the pie or not because the |
| 0:08.8 | customers are there, the businesses are there. It's all there for you to look at and analyze. |
| 0:17.3 | Hey, podcast, listener. Even if you are alone in your entrepreneurial journey, |
| 0:21.1 | know that today, right now in your earbuds, |
| 0:23.2 | you are joined by thousands of entrepreneurs |
| 0:25.5 | from all around the globe seeking to grow better, |
| 0:28.4 | more profitable, location-independent businesses. |
| 0:31.3 | If you'd like to learn more about what we do |
| 0:33.4 | and download our entire back catalog, |
| 0:36.5 | check out tropical MBA.com. |
| 0:46.4 | Yeah, buddy, welcome back to the TMBA pod. |
| 0:49.6 | Today's episode, special one for me. |
| 0:51.8 | The kind of app that I want to listen to, |
| 0:53.5 | that's because it's a little philosophical. It even includes a philosophical corner. With today's guest, we are going to talk |
| 0:59.0 | about business models he hates, business models he loves. We're going to debate them. We're |
| 1:05.2 | also going to critique a lot of the current advice that's out there in internet business or startup land. I hope you find |
| 1:13.6 | this thought-provoking. It actually came up as an off-tape chat I had with a recent guest. |
| 1:20.1 | Nick Huber from Storage Squad has done some incredible things. He started sort of an old school |
| 1:25.1 | business, something similar to what Ian and I did. We took our |
| 1:27.7 | tech knowledge, our knowledge of the internet of stuff that's going on and internet marketing, |
| 1:32.4 | and we went to less competitive niches. We didn't compete with all the other smart people out |
... |
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