Episode 7: Self Storage Investing with Alia Ott

August 15, 2017

Today we are joined by Alia Ott, an investor out of the West Coast, in a real estate niche we at the Business Shorts Podcast have always been curious about - self storage.  Alia is really passionate about teaching others how to invest and work towards financial freedom, and her company, Investors In Action, has been able to guide a lot of people investing in this niche.  It's time to learn more about this unique niche in the real investing world.

 

In this episode, you will learn about:

  • What makes self storage units so attractive
  • Typical cap rates currently found in the self storage industry
  • What types of down payments you may expect for self storage facilities
  • In what cases banks will offer financing
  • Best places to search for high potential self storage units
  • Biggest risks in the business
  • Why pricing your units correctly is extremely important
  • Best advice: Get educated! Learn as much as you can to give yourself an advantage.
  • Best resource: selfstorage.org; insideselfstorage.com

 

Find more about Alia and her business at her website.

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Episode 6: Auto Detailing with Darren Priest

July 6, 2017

In this episode, we talk to Darren Priest, an entrepreneur that started his auto detailing business by detailing a friends car for $40 in his early 20s, while looking for an additional stream of income.  Today, he has created a mini auto detailing empire located in Orange County and has even solidified himself as the "auto detail guy" on social media.  Search "auto fetish detail" on YouTube and any of the other big social media platforms and you'll undoubtedly run into him.  Darren is big into the entrepreneurship mindset and believes that focus and hard work can turn just about any niche profitable if you play your cards right.

 

In this episode, you will learn about:

  • Why it takes practically nothing to get started
  • All the different car components that an auto detail touches
  • How the Specialty Equipment Manufacturer's Association (SEMA) show in Vegas gives an idea of the growth trajectory of the industry
  • Why you NEED a unique selling proposition (USP)
  • What factors to pay attention to when determining pricing
  • Best advice: There is no "best" route - listen to your passions and be persistent.
  • Best resource: 7 Habits of Highly Effective People by Stephen Covey & Cold Hard Truth on Family, Kids, and Money by Kevin O'Leary.

 

Find more about Darren at his website or on his YouTube or Facebook channels.

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Episode 5: Decorative Lights Installations with James Anderson

June 18, 2017

We knew we found a great entrepreneur from the moment we met James.  He has built a successful Christmas lights installation business from practically nothing, yet still manages to live in Whistler, Canada - a beautiful/expensive area north of Vancouver (so there's no excuse!).  James says he learned everything he needed to learn from this most expensive business school around: the school of experience.  When James is not preparing for the winter Christmas light season, he actually owns and operates an ax throwing business! We hope to have him on the podcast again in the near future!

 

In this episode, you will learn about:

  • What exactly you need to get started
  • What the best types of customers are to target
  • How a lights installation business can actually be run year round
  • Walking through a typical invoice and learn about standard pricing
  • How the best first customer can be your mom
  • Best advice: Take the first step - don't let objections
  • Best resource: wehangchristmaslights.com

Reach out to James at www.lightright.ca or on Twitter @jameswdanderson.

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Episode 4: Real Estate Appraisals with Gabe Grant

June 6, 2017

Gabe Grant is a part time real estate appraiser on the side of his full time job working at a concrete company.  Gabe began his real estate appraising as a full time appraiser with his dad, and moved to part time once he had a solid understanding of the valuation process and developed his list of industry contacts.  Since moving to part time 4 years ago, he averages 2 appraisals a week and enjoys a comfortable side income of about $20,000 or more each year.

In this episode, you will learn about:

  • What exactly does a real estate appraiser do
  • What is the best way to learn this business
  • What are the biggest barriers to entry
  • Overview of typical revenues and costs
  • Why this is a great niche to do part time OR full time
  • Best advice: Find a good mentor for your apprenticeship period
  • Best resource: Local real estate commission website
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Episode 3: Photobooths with Soren Coughlin-Glaser

June 6, 2017

Our guest today is Soren Coughlin-Glaser, from Portland Oregon, who decided to enter the photo booth rental business after pivoting from the wedding photography business.  He runs a successful photo booth rental operation with 4 photobooths, and has even started a second business that teaches people how to start their own photo booth business themselves.

Episode Highlights

  • How much it takes to get started (it is less than you think!)
  • What makes a photo booth operator successful in crowded markets
  • Best way to market and advertise a photo booth business
  • Unique ways to differentiate a photo booth business
  • Top Advice: Focus on marketing. The business is not complex, so the best marketers succeed.
  • Top Resource: Hubspot.com – inbound marketing and sales/CRM software
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Episode 2: Car Wash Business with Rob Madrid

May 1, 2017

Today’s guest is Rob Madrid, president of washguru.com and owner of one of Denver’s premier car washes.  Although he initially started in the restaurant business, he has found success in the car wash industry and has some great insights on what it takes to enter the car wash business.  Rob has consulted hundreds of clients on car wash startups and improving existing washes.  He outlines his vision for the future of car washes and how to benefit in today’s market. For hungry individuals looking to enter the market, Rob details on common methods to enter the market even when entry costs top the multi-million dollar investment. Rob’s experience and advice is invaluable, especially given the staggering resale prices today.   

Episode Highlights

  • Future outlook of the car wash business
  • How to benefit from the current sellers’ market
  • 4 keys to a successful car wash
  • How to find a prime location
  • How to avoid common traps
  • The One Thing: Get advice from somebody who has done it before
  • Top Resource: ‘The Goal’ by Eliyahu Goldratt & www.sonnysdirect.com.

Learn more about Rob at washguru.com and check out his car wash at gleamcarwash.com.

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Episode 1: Vending Machines with Sherry Pierre

May 1, 2017

Sherry is one of our most special guests as she is the very first guest of the Business Shorts Podcast! Sherry has worked in the vending machine industry for years and knows all the ins and outs.  In this episode, Sherry shares with us what to target and avoid in terms of types of machines, types of vending products to sell, ideal locations and more.  She also walks us through how to get into the vending machine industry with just a few thousand dollars as well as what to expect as a part time vending machine owner/operator. In addition, she provides priceless advice on what traps to avoid as a rookie.   After this episode, you should be able to get a feel for what it really takes to be successful in the vending machine industry and determine if it is a business you’d like to pursue.

Episode Highlights

  • Entering vending with minimal investment
  • Finding a prime location
  • Avoiding common traps
  • The One Thing: Deal with a local company and make sure you ask for references
  • Top Resource: www.federalmachine.com

Learn more about Sherry at advancedvendingconsultants.com

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Episode 0: An Intro to the Business Shorts Podcast

May 1, 2017

Welcome to the Business Shorts Podcast!  This short episode serves as an introduction to the podcast and what we aim to accomplish.  It shares a little bit about Henry and Sebastian and the types of guests we plan to get on the show.  We don’t suggest spending too much time on this episode, instead, go get into the interviews! Episode 1 is a great place to start.  If you have any questions, suggestions, or would like to be a guest on the show, please contact us.

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