The Startup Ideas Podcast

The $1,000/Day boring business anyone can start tomorrow (Sweaty Startup Playbook)

273 snips
Apr 16, 2025
In this insightful discussion, Nick Huber, founder of Storage Squad and Bolt Storage, reveals the surprising profitability of 'boring' businesses like self-storage and lawn care. He shares his journey from college entrepreneur to successful investor in these overlooked markets. Nick emphasizes that local service businesses often face less competition and provide reliable paths to wealth compared to tech startups. He also discusses clever marketing tactics and the hidden value of good domain names, making a compelling case for traditional entrepreneurship.
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INSIGHT

Boring Businesses, Big Returns

  • Wealthy individuals often own unglamorous businesses like HVAC or utilities.
  • These "boring" businesses can be reliable paths to wealth.
ANECDOTE

Storage Squad Success

  • Nick Huber started Storage Squad, a student storage business, with minimal investment.
  • Using sidewalk chalk marketing, he grew it to $2.2M in revenue and sold it for $1.75M.
ANECDOTE

Self-Storage Goldmine

  • Nick Huber bought a neglected self-storage facility for $625,000.
  • After improvements, a similar facility purchased for $1.5M now generates $40,000/month and is worth $4.5M.
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