Tropical MBA: Entrepreneurship & Founder Lifestyle TMBA513: How To Get Rich Without Getting Lucky
11 snips
Oct 3, 2019 AI Snips
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Episode notes
Local Success Stories
- Nick Huber shares stories of three local entrepreneurs who built significant wealth in unglamorous industries.
- These include selling t-shirts, running pizza restaurants, and building houses.
Finding Opportunity in Niche Markets
- Nick Huber saw an opportunity in the self-storage market despite its small size and logistical challenges.
- He focused on addressing demand in a niche market, using his technical knowledge.
Minimize Risk, Study the Market
- Focus on established, "sweaty" businesses with existing demand.
- Study the market and competitors to identify areas for improvement and differentiation.