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


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.
113 Cherry St #92768, Seattle, WA 98104-2205

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

Nick Huber

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

Quick note: I'm hosting a free CEO bootcamp with Shaan Puri this Wednesday at 2pm EST. Register here and I'll send you a copy of the recording even if you can't join live. -- How to start a business with very little money: If you are broke, you need to start by trading your time for money. This means you need to focus on what I call a level 1 business. All level 1 businesses require basically no capital, very low skills, no network, and they all have the ability for you to make $20-50/hr...

Quick note: Tax season in the US is here. I've saved hundreds of thousands of dollars in taxes from buying real estate and offsetting income with bonus depreciation. I've done over 50 cost seg studies with RE Cost Seg for my portfolio at Bolt Storage. They have a free calculator where you can punch in the details of your property to see what you could potentially save. Check it out here. -- Focus on value – not just money: I talk a lot about doing the important but not urgent work that it...

Two quick things: 1) I'm hosting a free CEO Bootcamp on April 16th. RSVP here. If you sign up, I'll send you the recording. 2) I recorded a podcast episode where I answered the following questions: My 10 year goals The perfect startup for an inexperienced entrepreneur Best place to build an audience and how Raising kids, my storage portfolio setup and more. Click here to listen on Spotify or Apple Podcasts. -- How to keep going when business isn’t fun anymore: About 10 years ago I read The...