Nick Huber: How to Build Leverage, Buy Businesses, and Go Viral on Twitter
Nick Huber owns a real estate private equity company, Bolt Storage, in the self storage space. He owns 24 properties and over 630,000 rentable square feet in 4 states. He employees a team of 17 individuals and has raised over $10m in outside capital.
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Favorite Quotes from Nick Huber
Quote #1
I will say… distraction in this world is easy to find once opportunity comes. Early on in your career you don’t have much going on but then later you can get sidetracked and work on something really silly for hours and hours and hours.
Quote #2
We whittled our employees' responsibilities down to like 5 core things they needed to do well from 25. When we did that training got easier, customers got happier, schedules were tighter, business was better, and we were able to scale.
Quote #3
I think there's a big misconception in entrepreneurship that autonomy is great, and chaos is good, and people wanna figure things out for themselves…. Entrepreneurs like chaos, but if you put somebody who doesn’t care about your business in a position to make big decisions, it is a recipe for disaster… People wanna be told what to do, they’re there to make money and go home so they can do what they wanna do, show them how to do their jobs well and they’ll be happy.
Quote #4
I’ve leveraged the power of twitter to accelerate my career by 20 years. From mentors that can help me, to getting feedback from really smart people commenting on my deals, to people reaching out to me because they wanna invest in self storage. It’s just a big flywheel.
Quote #5
Today too many people have a scarcity mindset. When I started sharing everything I know on twitter everyone thought I was crazy but it’s about having an abundance mindset. The more everybody knows and the more you help people the more your network grows.