Episode
Nick Huber: Powerful Sales Trick, Traits Of An Entrepreneur, & When To Sell A Business
1:03:31
Published: Thu Mar 16 2023
Description
Episode 431: Sam Parr (@TheSamParr) and entrepreneur, Nick Huber (@sweatystartup), talk about traits of successful entrepreneurs, a new powerful sales trick, how to run multiple businesses at a time, and more. Want to see more MFM? Subscribe to the MFM YouTube channel here. SHAAN'S NEW DAILY NEWSLETTER --> shaanpuri.com ----- Links: * The 50th Law by 50 Cent & Robert Greene * CopyThat * Sweaty Startup tweet * Sweaty Startup Newsletter * Nick Huber Show podcast * Recruit Jet * Titan Risk * RE Cost Seg * bluekeycapital.com * Shepherd * Bolt Storage Investor Portal * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel. ------ Show Notes: (02:50) - Nick Intro & How MFM Blew Up His Life (08:35) - Successful entrepreneur traits (31:00) - A powerful sales trick (39:00) - Nick's tweet about SJWs (47:00) - Running multiple businesses at the same time (50:55) - Selling vs Cash-Flowing ----- 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. ----- 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 * #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett • #218 - Why You Should Take a Think Week Like Bill Gates • Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More • How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More
Chapters
A guest is invited back to a podcast to discuss the quality of the content and is given a proper introduction.
00:00 - 01:18 (01:18)
Summary
A guest is invited back to a podcast to discuss the quality of the content and is given a proper introduction. They previously appeared six weeks ago and had a successful episode.
EpisodeNick Huber: Powerful Sales Trick, Traits Of An Entrepreneur, & When To Sell A Business
PodcastMy First Million
The hosts discuss Support Shepherd, a company they use to hire virtual assistants, and the positive experiences they have had with the service.
01:18 - 03:51 (02:33)
Summary
The hosts discuss Support Shepherd, a company they use to hire virtual assistants, and the positive experiences they have had with the service.
EpisodeNick Huber: Powerful Sales Trick, Traits Of An Entrepreneur, & When To Sell A Business
PodcastMy First Million
The speaker recounts a past experience recording at a studio with a female sound engineer and the pressure he felt to make her laugh while recording.
03:51 - 08:11 (04:19)
Summary
The speaker recounts a past experience recording at a studio with a female sound engineer and the pressure he felt to make her laugh while recording. He also mentions being teased for his unique accent.
EpisodeNick Huber: Powerful Sales Trick, Traits Of An Entrepreneur, & When To Sell A Business
PodcastMy First Million
The speaker discusses their need for collaborators who are stable and can maintain a consistent pace, aiding him in motivating people to achieve grandeur.
08:11 - 12:29 (04:18)
Summary
The speaker discusses their need for collaborators who are stable and can maintain a consistent pace, aiding him in motivating people to achieve grandeur. The speaker compares themselves to a comedian and how high highs and low lows go hand in hand.
EpisodeNick Huber: Powerful Sales Trick, Traits Of An Entrepreneur, & When To Sell A Business
PodcastMy First Million
This podcast highlights how embracing a can-do attitude and taking swift actions can help achieve immediate success in life.
12:29 - 16:22 (03:52)
Summary
This podcast highlights how embracing a can-do attitude and taking swift actions can help achieve immediate success in life.
EpisodeNick Huber: Powerful Sales Trick, Traits Of An Entrepreneur, & When To Sell A Business
PodcastMy First Million
Recruiting for jobs that may not necessarily be glamorous or groundbreaking is all about excitement and having fun with the idea that employees are capable of contributing to a company in a meaningful way.
16:22 - 24:12 (07:49)
Summary
Recruiting for jobs that may not necessarily be glamorous or groundbreaking is all about excitement and having fun with the idea that employees are capable of contributing to a company in a meaningful way.
EpisodeNick Huber: Powerful Sales Trick, Traits Of An Entrepreneur, & When To Sell A Business
PodcastMy First Million
In this excerpt, a job recruiter discusses how she assesses potential employees outside of their formal education and experience to find candidates who will fit in well with a company's culture.
24:12 - 27:07 (02:55)
Summary
In this excerpt, a job recruiter discusses how she assesses potential employees outside of their formal education and experience to find candidates who will fit in well with a company's culture.
EpisodeNick Huber: Powerful Sales Trick, Traits Of An Entrepreneur, & When To Sell A Business
PodcastMy First Million
Learn about the old school way of direct selling and the importance of making other people good at their jobs for successful leadership.
27:07 - 31:58 (04:51)
Summary
Learn about the old school way of direct selling and the importance of making other people good at their jobs for successful leadership.
EpisodeNick Huber: Powerful Sales Trick, Traits Of An Entrepreneur, & When To Sell A Business
PodcastMy First Million
The speaker discusses a strategy for finding venture capitalists, which involves shopping at all the banks and offering less equity and a guaranteed salary for two years.
31:58 - 37:20 (05:22)
Summary
The speaker discusses a strategy for finding venture capitalists, which involves shopping at all the banks and offering less equity and a guaranteed salary for two years.
EpisodeNick Huber: Powerful Sales Trick, Traits Of An Entrepreneur, & When To Sell A Business
PodcastMy First Million
The speaker shares how having a child has made them realize that improving culture is not just about personal benefits.
37:20 - 42:47 (05:26)
Summary
The speaker shares how having a child has made them realize that improving culture is not just about personal benefits. They explore new ideas by reading advice online from people who want to make things better for certain groups of people.
EpisodeNick Huber: Powerful Sales Trick, Traits Of An Entrepreneur, & When To Sell A Business
PodcastMy First Million
Death Row Records played an influential role in the development of modern hip-hop and gangster rap.
42:47 - 47:11 (04:24)
Summary
Death Row Records played an influential role in the development of modern hip-hop and gangster rap. The former drug dealer, Richard Hart, realized the importance of going legit and getting involved in legal business activities once the money started coming in.
EpisodeNick Huber: Powerful Sales Trick, Traits Of An Entrepreneur, & When To Sell A Business
PodcastMy First Million
In this podcast, sales and EBITDA predictions were made for an insurance brokerage company and a recruitment company, with estimated profits ranging from 6 to 7 million dollars by the end of 2024.
47:11 - 50:08 (02:56)
Summary
In this podcast, sales and EBITDA predictions were made for an insurance brokerage company and a recruitment company, with estimated profits ranging from 6 to 7 million dollars by the end of 2024.
EpisodeNick Huber: Powerful Sales Trick, Traits Of An Entrepreneur, & When To Sell A Business
PodcastMy First Million
The speaker argues that it is easier to reach multi-million dollar profits by selling a company for capital gains rather than through steady profit accumulation.
50:09 - 54:11 (04:02)
Summary
The speaker argues that it is easier to reach multi-million dollar profits by selling a company for capital gains rather than through steady profit accumulation. A personal anecdote of someone who bought a jet for $16 million after selling their company for $100 million is used to support the argument.
EpisodeNick Huber: Powerful Sales Trick, Traits Of An Entrepreneur, & When To Sell A Business
PodcastMy First Million
The host shares his plans for a fantasy garage and factory, but ultimately decides to delay gratification in order to teach his children important values.
54:11 - 56:51 (02:39)
Summary
The host shares his plans for a fantasy garage and factory, but ultimately decides to delay gratification in order to teach his children important values.
EpisodeNick Huber: Powerful Sales Trick, Traits Of An Entrepreneur, & When To Sell A Business
PodcastMy First Million
The speaker reflects on the sentimentality of sharing bourbon with loved ones, and how a cheap cabinet donated by his parents has become a testament to these cherished memories.
56:51 - 59:55 (03:04)
Summary
The speaker reflects on the sentimentality of sharing bourbon with loved ones, and how a cheap cabinet donated by his parents has become a testament to these cherished memories.
EpisodeNick Huber: Powerful Sales Trick, Traits Of An Entrepreneur, & When To Sell A Business
PodcastMy First Million
Bolt Storage offers accredited investors storage exposure investing opportunities, while Switty Startup's newsletter, with 42,000 subscribers, provides insights on what makes a successful startup and management advice.
59:55 - 1:00:45 (00:50)
Summary
Bolt Storage offers accredited investors storage exposure investing opportunities, while Switty Startup's newsletter, with 42,000 subscribers, provides insights on what makes a successful startup and management advice.