profile

Nick Huber

Why you should never "follow your passion" when it comes to entrepreneurship

Published about 2 years ago • 4 min read

One quick promo before we jump in:

I've been utilizing a company called RecruitJet to help me build my management teams at my companies.

Sales leaders, operations managers, engineers and more.

If your company is growing and you need help recruiting the right people. Reach out to Brian at RecruitJet.

--

Worst advice in entrepreneurship:

Follow your passion.

I hear it all the time.

"Chase your passion and you'll never work a day in your life."

It's wrong.

People who make decisions like this are more likely to pick the wrong business. If you can look at the market unemotionally and pick what is most likely to make money, you will win.

It isn’t about you! The market could care less what you are passionate about.

Nobody cares what YOU love. The market is brutal.

Don’t be selfish!

People always ask me the same thing when I give this advice:

"Well then what is in it for you? The money?"

My answer:

Winning. Succeeding. Building something great and giving people opportunity.

Making money is a sign that you are winning. Making money is fun.

What isn't fun:

Losing. Struggling. Having customers tell you no and struggling to make rent.

Employees like a growing business. Partners like a growing business. Vendors like a profitable business. Even CUSTOMERS prefer to do business with a thriving, healthy company.

If you follow your passion you are more likely to chase a business with other passionate people who don't make logical decisions.

And the most important thing of all:

Running a business at a high level always consists of the same things:

Hiring. Firing. Managing. Selling. Decision making.

Very rarely is a successful restaurant owner back in the kitchen cooking food.

He's out recruiting talent or working with suppliers or designing a new menu.

I'm not passionate about self storage. Or cost segregation. Or building websites or marketing or SEO or insurance or recruiting or training or pest control.

I'm passionate about business. Building teams. Sales. Hiring. Delegation. Opportunity.

--

A few of my most popular tweets this week:

--

--

What I've been up to the last 4 days:

--

--

--

--

--

Nick Huber

P.S.

If you are interested in selling your business, I can help you.

My business brokerage can get you in front of millions of people and hundreds of qualified buyers in your industry.

Fill out this form today and we can set up a time to talk.

Want to see our deals as we bring them to market? Fill out this buyer form.

Share with friends, get cool free stuff

  • 1 Referral: 200+ Free Business Ideas cheatsheet
  • 3 Referrals: Delegation & Hiring (101)
  • 5 Referrals: Twitter Growth Course ($500 value)
  • 10 Referrals: Nicks Real Estate Starter Class ($749 value)
  • 100 Referrals: 30 Minute Call w/ Nick

Please note, these rewards are in limited supply, get moving while they last.

[RH_REFLINK GOES HERE]

Facebook Twitter Whatsapp Linkedin Email

PS: You have referred [RH_TOTREF GOES HERE] people so far

See how many referrals you have

Thanks for reading! If you loved it, tell your friends to subscribe.
If you didn’t enjoy the email you can unsubscribe here.
To change your email or preferences manage your profile.
600 1st Ave, Ste 330 PMB 92768, Seattle, WA 98104-2246

I have financial interest in many companies mentioned in this newsletter.

Nick Huber

Entrepreneurship & Real Estate

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

Read more from Nick Huber

Unfortunately way too many people think about entrepreneurship through a new idea lens. This makes them delusional. If no one has succeeded before or if your business doesn’t exist yet, it is because nobody has been able to win the game and make money doing what you want to be doing. And if nobody has won, why would you want to play that game? It's time for you to think differently! These are my three vectors for evaluating any opportunity. Competition, profitability, and my odds of success....

1 day ago • 5 min read

Before we jump in: Tax season is here. If you buy real estate and haven't done a cost seg yet, there is still time. 5 minutes of work could save you a ton of $$$ on your taxes. Click here to see how much you can save. -- A few years ago, I had the chance to interview Jay Schuminsky at the ReConvene conference which is hosted by my close friend Moses Kagan. Both of these gentlemen are complete badasses in real estate. But today's email focuses on Jay. Jay’s life changed about 17 years ago when...

24 days ago • 5 min read

Before we jump in: One of my secret weapons in business: Hiring all over the world for up to 80% less than local talent. My company Somewhere.com is placing phenomenal candidates like: Zané ($12/hr) Robin ($9/hr) Lucinda ($11/hr) Click here to set up an interview and get $500 off. -- What business should you start right now? I get this question a lot: "If you had to start all over again right now what business would you start? What sector would it be in? What sectors would you avoid? How...

30 days ago • 6 min read