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The growth and success of a real estate private equity company are highlighted, with significant expansions in self-storage properties. From initially investing $20 million across 15 properties, the company has rapidly scaled to owning 61 properties with acquisitions totaling $103 million. Notably, the company raised $41 million from investors through Twitter interactions, reflecting the unique role social media played in their growth.
The podcast discusses the inception and rapid growth of a support Shepherd business facilitated through Twitter interactions. Starting with tasks like processing payments for self-storage facilities in the Philippines, the company swiftly expanded to providing various operational support services. Notable is the business's significant revenue growth, reaching $50,000 monthly, driven largely by Twitter engagement and referrals.
Ventures into RE Cost Seg and TitanRisk involve innovative services in accelerated depreciation and property insurance. Both ventures leverage LinkedIn for promotions and growth, with RE Cost Seg specializing in tax credit and depreciation services for real estate professionals. TitanRisk, acquired to enhance modernized insurance operations, is poised for significant growth, with future plans to establish a property and casualty insurance arm under the brand TitanRisk.
The podcast episode delves into the potential for building significant financial wealth through prominent social media platforms like Instagram, YouTube, and Facebook. Examples like Rihanna and the Kardashians showcase how individuals have amassed fortunes worth hundreds of millions or billions of dollars by leveraging these platforms. The discussion highlights the evolving landscape of Twitter and Snapchat, pointing out the untapped potential for creating substantial businesses on these platforms. The episode emphasizes the shift towards Twitter being taken more seriously and predicts the emergence of influential figures similar to the Kardashians but focused on B2B services.
Entrepreneurial insights on decision-making and risk-taking are explored in the podcast. The conversation delves into the allure of entrepreneurship, characterized by uncertainty, calculated bets, and the thrill of making decisions with unpredictable outcomes. The podcast emphasizes the importance of making decisions, learning from mistakes, and constantly practicing to improve decision-making skills. Examples from personal experiences and discussions with high performers highlight the value of taking risks, learning from failures, and embracing challenges to achieve success in entrepreneurship.
Episode 420: Sam Parr (@TheSamParr) speaks with entrepreneur Nick Huber (@sweatystartup) who made 7 figures selling a service company, now operates a successful self storage business and invests in many more. They talk about saving money by hiring people abroad, his many latest business ventures, and what keeps him motivated to build more companies.
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Show Notes:
(07:20) - Shepherd
(07:30) - Non-Advertising ways of making money on content
(17:10) - Greatest regrets in life
(21:30) - RE Cost Seg
(34:25) - Building value via Instagram and YouTube
(36:30) - Can Huber become a billionaire?
(44:00) - What Sam is up to now
(46:30) - What holds you back
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Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more.
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Additional episodes you might enjoy:
• #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits
• #209 Gary Vaynerchuk - Why NFTS Are the Future
• #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto
• #218 - Why You Should Take a Think Week Like Bill Gates
• How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More
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