In your teens..whoever has the coolest car wins. In your 20s..the guy with the prettiest girlfriend and the person who goes to the best college wins. In your 30s..the prettiest wife, the nicest house, the best job wins. In your 40s..whoever has the most money and the nicest
In your 50s..you realize that all the material things that you have and the accomplishments that you have achieved don’t matter that much. You start to care the most about how your kids turned out. Who they married, their happiness, their lifestyle and their outlook on other
@sweatystartup
When you get to a certain age, for me it was 57, you realize that the most important thing in your life isn’t money, real estate, social status, or even your health. You realize that the most important thing in life is how your kids turn out.
I can only give insight into Nick’s earliest years. How he and his brother and sister were raised.
*He once fired me (really) when he was 12 years old.
"Dad, I would love to work with you but you have to get an IPhone if you want to join our team"
"I am your father. I have and Android"
What an ultimatum from your child!
5 days now with iPhone and MAC and all the integrated software systems.
@girdley
@sweatystartup
We have a lot more influence and control than we realize. Our kids are always watching and listening to us every day all day long. They hear our conversations with others. They try to understand our thoughts and feelings and copy them. If you speak deliberately as if your kids
Whenever we would eat out at a restaurant, I would give the kids $1 dollar for ordering a free water to drink.
They soon realized what they could buy with that dollar they didn't spend on he drink. Like a toy that lasts forever instead of a soft drink that lasts 30 seconds.
@sweatystartup
Nick you have always told us what to do. Like when you were 12 and made me take you to all 3 bank branches with your mowing money. Same account. You said you wanted to still be ok if one of them got robbed.
Nick
@sweatystartup
Huber may be having his annus mirabilis this year. I have been pretty close to him in all of his previous years and this one is special!Think 1905.
How many millionaires does a person have to create to become a billionaire?
One might have to make 2 billion to become a billionaire.
One billion for you and 1 billion for the hundreds of talented millionaires that you worked with.
Learned this child raising method from the great Guy Neil Ramsey.
Gave the children a dollar as young as they were ready for this.
Told them if they save it and don’t spend it until they see me next, I would show them how to turn it into 2 dollars.
There are good businesses and bad businesses.
I prefer safe and (relatively) easy to risky and hard.
You’d be surprised how many folks purposely go after risky and hard because they want to change the world.
Business isn’t a “see who can suffer the most” contest.
@sweatystartup
@mistahbuhau
@nikitabier
@PlanningShit
Luckily it worked out for him and he now sends us dividends and nice returns on all the money we have invested. He has allowed me to retire with his hard work and business acumen.
Businesses! businesses! Spectacular businesses! You people amaze me! Entrepreneurs before the term entrepreneur even existed and still going strong! Let’s find the next generation to keep your dream alive.
For several years, my son has been after me to change careers and join his business efforts. He always said he would not work with me until I quit Android and got and iPhone.
I thought he was kidding. I took the Big Leap and went to his office to offer my services.
Then I hear his Honda 50 mini bike coming over the hill full speed. Then I see Nick in nothing but his underwear and helmet driving through the gauntlet.
@sivori
A combo men’s club, pistol range, cigar lounge, speakeasy type of golf simulator where we can gather for all things like Ryder Cup, NFL, CFB, NCAA on the 10’ screen we will install.
Nick fired me and hired a 16 year old girl named Gretchen. He put her behind the wheel and on the weed eater.
I later found out that Nick was actually the one driving once they got to town because Gretchen couldn't back a trailer, park a truck etc.
We NEVER just handed the children money. We taught them how to earn it. We wanted to know where it comes from. They enjoyed earning it.
The kids made an allowance for work on the farm and were encouraged to save it and add it up and see how much they could save.
@sweatystartup
One of the hardest things to teach youngsters and even harder to teach adults. How to be comfortable in uncomfortable situations.
I know first hand that that alone is what separates the men from the boys in leadership roles in construction and development.
@sweatystartup
@mistahbuhau
@nikitabier
@PlanningShit
When I first loaned him the money he said. “I don’t know how how much work or time it will take to pay you back Dad, but I know how much time and work I will put into it”. I knew what he meant.
Our kids always appreciated earning money. They soon realized there were so many ways to earn money.
They also learned how to save it up for a bigger ticket items like a paint ball gun and soon after, paintballs.
@eleafgzm
@sweatystartup
Nick made his own short list. Picked academics over athletics even though many schools offered him athletic scholarships. We encouraged academics. He made the right decision.
@sweatystartup
Worse situation: My daughter used to babysit for these 2 children of close friends. It was $5 or $6 per hour back then. When she arrived the boy was gone to friends house. When the parents got home, they paid her half… said since she only watched one kid they paid 1/2.
Nick had the best gun with the most power so he was ready. He didn’t think about the rapid fire burning through his paintballs so fast. They were expensive.
@sweatystartup
Brokerage update by the numbers:
46 The number of businesses that reached out to us for seller services.
8 The number of Countries represented by sellers
26 The number of States represented by sellers.
20
I thought after about 2 hours that I better go see if everyone is still alive. Some parents had showed up at the house to take the painted warriors home.
@BobKnakal
@sweatystartup
@realEstateTrent
Thanks Bob! Grand Central Station, New York Public Library, and The Knakal Map room! After The Knakal Map room, I decided to skip the other two! Thanks for hosting. It was the highlight of my trip looking over the city with you and listening to you. I saw it through your eyes
Sell your business with and play offense! Get to the deal room with serious buyers and work together to sell the business that you have put you blood, sweat, and tears into.
@sweatystartup
I ran a construction/development company for 34 years. Had many great PMs. Now I help Bolt Storage construction with 2 Colombian PMs. Best project managers I’ve ever worked with hands down! Where were you all those years Shephard?
If you own and operate a cash flowing well ran business with solid accounting and good revenue management, then it is always a seller’s market for you.
Coming soon to . Great businesses created by our finest generation of operators and offered to the next generation of entrepreneurs to take them to the next level. Sign up to get first looks at our Deal Digest. Wow with a capital W!
@joaoalexmachado
@sweatystartup
Great question. Nothing I can think of. We have been very blessed with 3 wonderful adult children. We used to think we were just lucky they all turned out so good. We now realize it wasn’t luck.
It was cold. Snow on the ground. I headed to the back orchard to find the battlers. They were all lined up in two rows about 10 yds apart. No Nick. Where was he?
@AnthonyTumbiolo
@sweatystartup
I stayed with Diana and Chad Parent. My other son, Nick’s brother, is marrying their oldest daughter next summer. Spent 2 nights at their Big Turkey Lake house also. Got the whole downtown tour. Baseball field downtown hotels eateries! Very nice. Would need a Florida home
3. Sellers don’t always have an accurate assessment of the true valuation of their businesses. They often learn things about their business from the buyers due diligence that they didn’t know or consider.
At sporting events, they would see their friends running to their parents and asking for money to buy something at the concession stand. The father would reach for his wallet. The mother her purse.