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I own a real estate firm with over 1.9 million square feet of self storage and 45 employees. I also own 6 other companies with over 400 employees. I send deal breakdowns with P&Ls. Newsletter topic: Real Estate, Management, Entrepreneurship
If you had talked to 28 year old Nick Huber, he would have told you to start a business. Everyone should do it! It is the only way to be happy. Working for somebody else is terrible! What I know now is that 28 year old Nick Huber didn’t know what he was talking about. Entrepreneurship culture has created an entire group of people who are unemployable. They don’t want a job. They will not be happy working for somebody else. But most of them don’t have what it takes to build their own...
Quick note: The dumbest thing an owner can do is not protect their assets with insurance. General liability, directors and officers insurance, property and casualty, cyber insurance and more. These are no brainers to have if you want to preserve your wealth and what you’ve built. I use Titan Risk for all of my policies. Jon who leads the quoting process at Titan offered to audit 5 people’s policies to show them where they might be overpaying or exposed to risk. This is not a sales pitch. You...
Trusting somebody with your business, your livelihood, your customers, and your reputation is scary. What if they mess up? How can I afford them? When is the right time? What do I pay them? These kinds of questions will keep you running in place…forever. One of the biggest myths of running your own business is that you have to do every job yourself for as long as you can endure it. It’s a ridiculous badge of honor among entrepreneurs, but at a certain point, it becomes too much. And more...