Nikonomics - The Economics of Small Business 237 - What the 'Big Beautiful Bill' Means for Your Business
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Sep 29, 2025 Trenton Hughes, an entrepreneur and commentator on sales and real estate, and Chris Munn, a small-business owner sharing insights on policy changes, dive into the implications of the Big Beautiful Bill for entrepreneurs. They discuss how accelerated depreciation can reduce taxable income to zero for smart investors and explore the return of in-person sales meetings as key to closing larger deals. The duo also tackles the complexities of new tax rules on tips and overtime, debating whether to abolish tipping altogether in favor of more transparent pricing strategies.
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Use Multiple AI Models For Distinct Tasks
- Different AI models excel at different tasks: Perplexity for quantitative research, Grok for real-time info, Claude for writing and project organization, ChatGPT for continuity.
- People will keep a toolbox of paid AI services because no single model yet covers all needs effectively.
Grok's Hallucination Hurt Trust
- Trenton recalled Grok's past hallucination incident that produced offensive outputs and hurt trust.
- He now distrusts Grok until it proves reliability, illustrating how model failures cause rapid user abandonment.
Pay For AI If It Saves Hours Or Improves Accuracy
- Use AI to co-write books, build business financials, and speed research to save dozens of hours.
- Pay for premium AI subscriptions when they deliver meaningful time or accuracy gains; ROI can justify $60–$200/month.