In this conversation with Kirk Newcombe, founder of TorchPX and former Search Fund Operator of a successful swimming pool business, he shares insights on the vital role of data management. Kirk discusses how he harnessed AI and automation to optimize workflows and enhance real-time KPI tracking. He highlights the unique challenges faced by 'sweaty' industries like construction and service, and explains how small business owners can implement technology to boost efficiency. His journey from a pool mogul to a tech consultant is both inspiring and informative!
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question_answer ANECDOTE
Transition to Pool Business
Kirk Newcombe transitioned from tech to the pool industry, managing a large operation with 150 employees. He found that every business is fundamentally a technology business, requiring good processes and tools.
volunteer_activism ADVICE
Focus on Efficient Integration
When managing multiple software systems, focus on integrating them efficiently. This allows for a more streamlined operation and better profitability tracking.
volunteer_activism ADVICE
Implement Technology for Real-Time Data
Business owners should implement technology that allows for real-time data management. This enables better decision-making and operational efficiency.
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Join me, Nik (https://x.com/CoFoundersNik), as I sit down with Kirk Newcombe (https://x.com/KirkNewcombe), Founder of TorchPX and a former Search Fund Operator. Kirk managed and grew an 8-figure custom swimming pool business with 150 employees in the Hamptons. He shares how he developed a custom solution for managing data across five different service lines, which ultimately inspired him to launch TorchPX, a technology consulting company focused on AI-enabled workflow optimization and automation.
In this episode, you’ll hear how Kirk used AI and automation to reshape his business, handle real-time KPIs, and why these technologies are now crucial for “sweaty” businesses like construction, pool services, and more.
Questions this episode answers:
How did Kirk grow his pool business to 8 figures?
How can AI and automation help with workflow optimization?
What are the real-world applications of AI in traditional businesses?
How can business owners implement technology to manage real-time data?
What inspired Kirk to launch TorchPX and shift into consulting?
___________________________ Love it or hate it, I'd love your feedback. Please fill out this brief survey with your opinion or send me an email at Nik@cofounders.com with your thoughts. ___________________________
00:00 Introduction to High-End Pool Business 00:29 Welcome to Nickonomics 00:36 The Most Important Metric in Business 01:11 Meet Kirk Newcombe of Torch PX 02:19 From Tech to Pool Business 03:02 Challenges in Pool Business Operations 05:57 Tech Solutions for Business Integration 12:54 Custom Metrics for Business Efficiency 14:49 Decision to Start a Consulting Company 17:30 The Reality of AI in Technology 17:49 Challenges in Building Enduring Software Products 18:20 The Shift Towards Services in Business 18:26 AI's Role in Business Strategy 20:08 Introduction to TorchPX 20:36 Client Engagements and Roles 21:42 Building Custom Solutions for Clients 22:36 Acquiring Customers and Search Fund Experience 26:23 Reflections on Business and AI 29:18 Personal Insights and Advice 30:35 Conclusion and Final Thoughts
Nikonomics - The Economics of Small Business