Claim OwnershipNikonomics - The Economics of Small Business
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Description
My mom always told me "There's no such thing as a dumb question... Only dumb people!"
What she meant was that those who DON'T ask questions are the dumb ones! At least, that's what makes me feel better about asking so many questions :)
I've bought, run & sold dozens of companies in the SMB space, with multiple 7-figure exits. Over the past 5 years my companies have generated over $100M of revenue and Millions of dollars of shareholder value.
Now I let my curiosity drive as I interview Entrepreneurs and ask them to walk me through how their businesses work.
Nikonomics is a place for curious Entrepreneurs and Wantraprenuers hungry to learn. So come join our big group of DUMB people, ask some questions and maybe we will learn a thing or two together.
Follow me on Twitter here: https://twitter.com/CoFoundersNik or @CoFoundersNik
27 Episodes
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This episode provides invaluable insights into the world of short-term rental cleaning, focusing on the journey from startup to scaling. Logan's story takes us through his unique entrepreneurial journey, starting from a six-week competition to growing a $25K/month business. We delve into the specifics of his pivot from residential to Airbnb cleaning and the strategies that led to his success.Logan Robinson shares the realities of customer acquisition, maintaining high standards, and mana...
Join me, Nik (https://x.com/CoFoundersNik), as I sit down with Brian Seeling, the owner of a commercial kitchen appliance repair company. Brian recently purchased this business, and while we usually dive into the specific economics of a business, this episode took a fascinating detour into the cadence of a deal, covering everything from the LOI to closing.Brian provides invaluable insights into the three main areas of the deal process: financing, due diligence, and negotiation. He explains ho...
Join me as I sit down with Bodhi Gallo, otherwise known as the "Dumpster Rental Guy" on Twitter. Bodhi is a young, ambitious entrepreneur who has taken the world of dumpster rental by storm. From his college days trading stocks and building a financial blog, to his current success in the dumpster rental business, Bodie's journey is filled with hard work, smart decisions, and a bit of luck.In this episode, you'll learn everything about owning and operating a dumpster rental business, incl...
Join me, Nik (https://x.com/CoFoundersNik), as I interview Neel Parekh (https://x.com/SMBNeelParekh), the founder and CEO of Maid This, a fully remote cleaning franchise company. From his beginnings in private equity to hiking to the Everest Base Camp, Neel's journey is nothing short of remarkable. He transitioned from tech investing to launching a cleaning business that has now grown to over 25 locations nationwide. Neel's Los Angeles operation alone generates $1.3 million in revenue with im...
Join me, Nik (https://x.com/CoFoundersNik), as I interview Jackie Hirsch (https://x.com/SMBJackieHirsch) the owner and founder of Crown Atlantic Business Brokers. From an ad in the paper she has become a prolific broker managing over 400 transactions. Jackie's portfolio, career and experience is nothing short of impressive. This episode is full of insights into the intricacies of business brokerage, balancing that with family life and raising her daughter all whilst being a woman in a male do...
Join me, Nik (https://x.com/CoFoundersNik), as I interview Aaron Harper (https://x.com/AaronHarperCEO) the CEO of Rolling Suds, a national franchise of pressure washing companies. We discuss the economics of a franchising business, including territory size, initial capital investment, potential earnings, and what makes an ideal franchisee. Don’t forget to like, comment, share and subscribe for more! Any questions, comment below. This week we covered:00:26 Meet Aaron Harper: Franchis...
Join me, Nik (https://x.com/CoFoundersNik), as I interview Clint Murphy (https://x.com/Iamclintmurphy), a high-profile influencer and CPA turned home builder. Clint shares his incredible journey from working at KPMG to becoming a CFO at a top real estate developer in Western Canada, and now stepping out on his own as an entrepreneur in home building.Discover why Clint chose home building, dive into the economic dynamics of residential real estate development, and learn about the regulatory an...
Ever thought about starting a business in college? Join me, Nik (https://x.com/CoFoundersNik) as I sit down Colin Rutherford (https://x.com/collin_ruth89), who did just that and built Green Box Storage into a nearly $1M venture! From the guy whose surprising viral tweet about "Bottle Night" took the internet by storm, (if you know you know) he turned a simple storage idea into a thriving business. And with operations across 23 schools and counting, he is showing no signs of slowing down....
How do influencers turn their content into big bucks? Join me, Nik (https://x.com/CoFoundersNik) as I sit down with Trenton Hughes (https://x.com/trentjhughes), the brains behind Station Entertainment, to uncover the secrets of influencer marketing. I learn how his agency managed over 100 influencers and helped them earn thousands of dollars per video. Discover his formula for success in the digital creator world and the business strategies that drive multi-million dollar re...
Ever wondered how to keep a digital agency thriving for over 20 years? Join me, Nik (https://x.com/CoFoundersNik), as I chat with Joe Benson (https://x.com/joebensonx), the mastermind behind Eversite's innovative 'Website as a Service' model. Joe explains how he and his brother bootstrapped their childhood passion for tech into a thriving business. Get the inside scoop on how they managed to maintain high customer retention rates and why focusing on conversion-centric websites is crucial for ...
Is this the Costco of financial services? Join me, Nik (https://x.com/CoFoundersNik) as I break down the Fintech company Meow with its CEO and Co-Founder Brandon (https://x.com/brandon). We dive into how he went from an engineer to founding a company that is approaching $2b of assets on platform. I found him, his journey and his business fascinating and I hope you will too! Any questions, comment below. This week we covered:01:39 Understanding Meow's Business Model03:41 Comparison with Mercur...
Join me, Nik (https://x.com/CoFoundersNik) as I dive into the world of ghostwriting with Matthew Brown (https://x.com/MCovBrown), who turned his college side-hustle into absolutely thriving business. Discover how he went viral, then scaled his agency, and now makes $10k/month ghostwriting tweets, content and LinkedIn posts!This week we covered:01:25 Matthew's Journey into Ghostwriting02:36 Going Viral and Building a Client Base08:52 Scaling the Agency14:31 Client Acquisition Strategies18:21 R...
TikTok sensation or legitimate business? Laundromats have trended across social media and have become the stars of passive income. From one location to four in eight years and netting over 200k per location I, Nik, (https://x.com/CoFoundersNik) sit down with Tyler (https://x.com/TylerPurcell24) the laundromat guy and dive into the truths about the laundromat biz. Tyler answers rapid-fire questions about what he loves, what keeps him up at night, and even how you could build your own empi...
Ever wondered how to run successful businesses without being physically present? I sit down with Chris Munn who reveals all on Nikonomics! With a background in Wall Street and corporate mergers, Chris now owns and operates multiple companies, including facilities management and offshore recruiting, all from a distance. Tune in to discover his strategies, the importance of customer trust, and his thoughts on Twitter analytics.https://x.com/CoFoundersNikhttps://x.com/chrisxmunnThis week we cove...
I (https://twitter.com/CoFoundersNik) sit down with Shannon (https://x.com/ShannonJean) and we go through his rollercoaster entrepreneur journey that tick-tocked him into an 8 million dollar side hustle. This week we covered:03:02 - Identifying Opportunities08:46 - The Power of Relationships12:28 - Utilizing a Tech Stack21:12 - Variety is the Spice of Entrepreneurial life30:06 - Spousal Support - The Right Pair33:59 - The Thrill of Starting from Nothing34:47 - The Challenges and Re...
In this episode of Nikonomics, host Nik, sits down with Jon Matzner, founder of Sagan, to discuss the innovative ways his company is disrupting the global talent market. From hilarious anecdotes about dog funerals to deep dives into business models, this conversation is packed with insights and humor. John shares his journey of building a $2.4 million ARR business in just 100 days using Twitter and his vision for the future of global talent hiring. Tune in to learn about the Costco model...
I (https://twitter.com/CoFoundersNik) sit down with a guest who would like to remain anonymous to talk about taking the step from employee to employer. We look at his strengths and weaknesses and breakdown what he wants and what he needs into his own pipeline funnel for the future. This week we covered:01:04 Nicholas' Background and Business Aspirations03:14 Understanding Yourself Before Buying a Business06:42 The Exploration and Decision-Making Process10:51 Strategies for Finding the Ri...
Nik & Thomas talk through the struggles, balances, sacrifices, and wins regarding our most precious commodity. Time. When is it time to outsource? What does that look like? And when is the right time to step away from your current role? We dive into this and the intricacies of work/life/entrepreneurship balance.This week we covered:01:07 Inside the Mind of a Fractional CFO: Challenges and Aspirations05:25 Navigating Business Ownership: Dreams, Realities, and Advice11:28 Strategic Dec...
I (https://twitter.com/CoFoundersNik) sit down with Alex Nelson (https://twitter.com/WeddingVenueGuy) to discuss his $2.9M Wedding Venue Business and get his thoughts on a few deals.This conversation offers insights into entrepreneurship in a niche market, the logistics of building and operating a wedding venue, and the personal and professional growth that comes from such an endeavor.This week we covered:02:35 The Genesis of a Wedding Venue Dream05:56 Unique Features of Midnight Ventures07:3...
I (https://twitter.com/CoFoundersNik) sit down with Rafa Quinn (https://twitter.com/rafaquinn) to discuss his $100M, Panama based holdco, Alternative Holdings.https://www.alternativeholdings.com/He shares his:- Company history- Investment philosophy- Secret to successAnd even shows us how he evaluates deals by going through a few deals with us!If you liked this, please like and subscribe!If you want to ask a question on the show OR be on the show please fill out this form: https://tinyurl.com...
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