CoFounders Nik @CoFoundersNik
Multiple 7-figure exits. Helping others buy, build & grow businesses! @mhp_guy biz partner. 100% bootstrapped. 10% self-made. USC & UCLA grad✌️🐻 linktr.ee/cofoundersnik Free Consulting form → Joined March 2023-
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Digital agencies are so hot now but let’s settle which is the best. Of the three options below: Build one Buy one Sell one What you got?
Looking at an events company that does: - $1.5M topline - $600k SDE - Seller comp $250k & heavily involved - Less than 20 customers - $1.3M asking price This is either a no-brainer or a quagmire Which is it?
Thanks Hunter. I’ve finally made it! If anyone needs an amazing coach, let me know 😜
Thanks Hunter. I’ve finally made it! If anyone needs an amazing coach, let me know 😜
How much do you invest in yourself? So far this year I've spent $17k on "Personal Development" Things like - Conferences - Masterminds - Courses - Coaching I will probably spend another $20k through the end of the year How does this compare to others?
We are live! Come join us on Riverside and ask your questions riverside.fm/studio/nikonom… x.com/i/broadcasts/1…
"I want to be an Entrepreneur but don't know where to start. What should I do?" It's very simple 1. Develop an in demand Skill 2. Launch an Agency around that skill 3. Eventually, replace yourself & expand into adjacent offerings 4. Keep expanding your Circle of Competence
We got scammed out of $288,000 a few years back Well, Chris got scammed with OUR money so I guess his headline is *technically* correct 🤣 We didn’t get it all back but were able to recover about half thanks to Chris doing Chris things It’s a pretty cool story so check it out…
We got scammed out of $288,000 a few years back Well, Chris got scammed with OUR money so I guess his headline is *technically* correct 🤣 We didn’t get it all back but were able to recover about half thanks to Chris doing Chris things It’s a pretty cool story so check it out… https://t.co/WUxHenoSBI
The most important things in your business, in order: 1. People 2. Processes 3. Product Solve the first two and the third one typically solves itself Why? Because Culture eats Strategy for breakfast. That’s why
7 months can change your life Spoke to someone this weekend who, since September, has: - Joined 𝕏 - Grown 5k followers - Launched a biz that nets $20k/month (just off 𝕏) The power of taking action is incredible
This is the definition of gaslighting and pretty typical of Shawn Cole: Stoked we are going to hit $2M in April Shawn: Really hard to believe you can do that Cole: Frustrating you would call me a liar Shawn: Whoa! I didn't call you a liar! I said it's really hard to believe…
Time for a public fight with my business partner @mhp_guy! First, what I DO agree with: Before partnering with anyone, you need to meet their spouse If a spouse doesn't have a say in the creation of the partnership, the odds of discontent are much higher & when things get…
Time for a public fight with my business partner @mhp_guy! First, what I DO agree with: Before partnering with anyone, you need to meet their spouse If a spouse doesn't have a say in the creation of the partnership, the odds of discontent are much higher & when things get…
When someone asks you how big your business is, what do you tell them? Do you describe it in terms of: - Employee count? - Revenue? - Profit? - Products sold?
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@CoFoundersNik Build then sell
@CoFoundersNik Digital Marketing, you don't need a lot of money and it can be built from scratch, it will take time but its worthy
@CoFoundersNik Selling one is best -- a non-compete can't take your skills/connections, & there's a high likelihood that digital agencies feel pain over the next 12-24 months. I would also urge people to remember that an agency should be owned by someone who knows how to deliver said service.
@CoFoundersNik That's why i received 2 offers back to back on my domain Ads Smart .com
@CoFoundersNik Build marketing. Buy content. Sell talent. Algorithm changes mean the knowledge gap for marketing doesn't reward buying it. Content skills aren't changing as fast as marketing. Talent is saturated and hard to build a moat.
@CoFoundersNik It will cost a truck full of cash to buy one, and its not guarantee you can make money, the best option is build from scratch
@CoFoundersNik Build one, then sell one. In that order. That's my current trajectory.
@CoFoundersNik You deserve a follow my good sir lol
@CoFoundersNik My previous job at chick fil a I had a work stipend and I used it on career and professional development coach that specialized with chick fil a. All ex-operators or LDP participants. Coached me on telling my story to others and lead others
@CoFoundersNik Until I get to that point. I try to do about $50 a month. Work gives me a gym membership for $5. I use Libby to rent all my books and just asked friends around the country for their library card to expand my reach. YouTube is great and so is Twitter and Spotify
@CoFoundersNik @meetmikehiggins @SuccessWithJake I was going to tag him too. He’s your guy
@CoFoundersNik Not my specialty. I have looked at some deals but none seem to make sense.
@CoFoundersNik @trevizo_gabe Hahaha I don’t want your follow until I earn it sir! This isn’t tee ball.
@CoFoundersNik @trevizo_gabe Wow. Just realized I still haven’t “earned it.” Hurts tbh.
@CoFoundersNik @WeddingVenueGuy Seems more reasonable! Might be a good deal… I’d be interested!
@WeddingVenueGuy @CoFoundersNik Same could be said for all of SMB! Anytime I see 30-60% pretax margins, I’m thinking either 1) they’re actually referring to gross margin 2) super involved owner operator filling 2+ roles
@WeddingVenueGuy @CoFoundersNik Our group of companies range from 9-17% pretax margin. One is substantially higher but it’s an IP-based company
@CoFoundersNik Finally followed.... been waiting. thanks Nik. 😆
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