Folks ask me quite often what the best business decision I ever made was. Here is my answer: Hiring my first overseas employee. In 2021 I engaged a company called Support Shepherd to recruit a Philippines based employee for my storage company. Today 80% of the employees across my 11 companies are located in either the Philippines or LATAM (Columbia, Argentina, Brazil, etc). The average salary is $1200 USD per month ($5 per hour). What do they do at my companies? Customer service. Underwriting. Billing. Sales. Financial analysis. Property management (dealing with all of our vendors). Web design. Graphic design. Video editing. Bookkeeping. You name it. Any job that can be done remote, you can find exceptional talent in these countries. Several of these folks have the potential to RUN one of my companies someday. If I had to guess I'd say about 10% of companies in America with less than 500 employees outsource. I bet that number in 2034 is closer to 50%. Every year that goes by companies are getting more and more comfortable with it and the folks who don't do it are falling further and further behind. Check out supportshepherd.com to see if overseas talent could help your company. (I'm so passionate about this for small busiensses I actually invested in Support Shepherd). -- Don’t forget something very important about this life: If you tolerate a boss sending you demands on Sunday morning, he will continue to overwork you. Set boundaries in all areas of life! Caveat: I'm not saying to be rude to people. Just stand up for yourself in a respectful, rational way. And always, always, always treat people well and respectful in return. This goes both ways. -- Nothing is more important to me in life than sharing memories with my kids and making them want to be around me when they’re old enough to not be around me. -- Something I've changed my mind on over the years: How you dress and how you present yourself matters. People judge a book by its cover ALL THE TIME. How you look matters. It matters in dating. It matters in business. It matters at your job and with your friends. People judge you based on how you look all the time. Everyone does it. Whether they admit it or not. If you purposely dress casual and die your hair an unnatural color people will perceive you as less reliable and less trustworthy. If you dress professional and you are clean-cut with a nice haircut people perceive you as more reliable and more trustworthy. Therefore you are more likely to get paid more money for the same contribution. Or get more opportunities. It is that simple. You can hate the game if you want to, but get over yourself and start playing it if you want to win. -- An underrated key to delegation and management: Saying something that takes others 3 minutes to say in 15 seconds. Clear and simple communication, both written and verbal, is a superpower. People have extremely short attention spans. They may look at you and nod... But they aren't paying attention. KEEP IT SIMPLE AND KEEP IT SHORT. How to practice this: Before you hit send, spend twice as much time thinking about how you can REMOVE words. Record yourself talking. Get a transcript. Then do the same thing. It takes practice. There is no greater threat to effective leadership than overly complicated and unclear communication. Onward and upward, Nick Huber P.S. Tax season is right around the corner and my final income tax bill will be $0 for one main reason - Cost Segregation Studies and bonus depreciation. DO NOT FORGET TO GET COST SEGREGATION STUDIES DONE ON YOUR REAL ESTATE. The folks at RE Cost Seg have already delivered my cost segs this year and the depreciation is mouth watering. Reach out if you're in the market - the proposal is free. Not sure what a cost seg is? Check out this thread. |
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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
Before we jump in: One of my secret weapons in business: Hiring all over the world for 80% less than US wages. My company, Somewhere.com, has these three candidates available to hire today: Zané ($8/hr) Robin ($9/hr) Lucinda ($11/hr) Click here to set up an interview and get $500 off. -- A few principles I live by which have led to a lot of personal and professional success: 1. Add value first: Gain trust by providing something of value first without expectation. This gets you very far with...
Before we jump in: Nick Huber @sweatystartup The most eye opening book I’ve read in a long time. This puts things in perspective and hit me like a ton of bricks. 12:13 PM • Jan 22, 2025 929 Retweets 12272 Likes Read 323 replies My friend Sahil Bloom wrote a new book called The 5 Types of Wealth. It's phenomenal. You should buy a copy here. -- People watch too much Shark Tank and think too much about entrepreneurship through a new-idea lens. This makes them delusional. If no one has succeeded...
Before we jump in: Do you run paid ads on Meta and Google to grow your business? The team at AdRhino is offering a FREE paid ads audit (valued at $2K) for the first 5 companies that reply to this email. They will tell you exactly how to optimize your Google and Meta ads at no cost to you. If you want this, just reply and I'll make an intro. (Note, alongside being a happy customer, I am also an investor in the business) -- Entrepreneurship is like an adult marshmallow test: Most people aren't...