Nick Hiter - How To Use Failure To Fast Track Entrepreneurial Growth #21

Podcast
Written by Nick Halaris

This week on the 🎧Nick Halaris Show we are featuring serial entrepreneur and popular media personality, Nick Hiter.   Nick is the founder of Team Hiter, a business focused on helping entrepreneurs drive growth, the host of The Hitstreak Podcast and the voice of SiriusXM’s “Y”allternative radio station.

I wanted to have Nick on the show to explore his thoughts on success, entrepreneurship, and service.  Nick has had quite an interesting journey in life.  After trying to make it in the major leagues, he found early success as an entrepreneur only to watch it all crumble away.  Rather than give-up, he recommitted himself to entrepreneurship and managed to build a thriving business.  Now he’s focused on using all the lessons he’s learned to help other entrepreneurs find success.

As you’ll see in the episode, Nick is a natural when it comes to media and we had a lot of fun recording this.  We covered some serious ground though as well as Nick is a person who’s just as comfortable talking about his failures and mistakes as he is wins.  We discussed things like:

  • How Nick hit rock bottom a decade ago and had to borrow $300 from his Dad to start turning his life around

  • How 531 straight days of 100 cold calls per day changed his life

  • Why it’s important to establish the right relationship with money

  • The difference between money and wealth

  • The importance of prioritizing commitment over convenience

    &

  • Much, much more

As always, thanks for tuning in and I hope you all enjoy this fun, inspiring conversation.


Enjoy! Listen to the episode on Apple Podcasts, Spotify, Google Podcasts, Amazon Music and Youtube or on your favorite podcast platform.

You can follow @NickHalaris on Instagram and Twitter for all the Nick Halaris Show Updates.  To receive Nick's weekly Profit+ Newsletter subscribe at https://subscribe.nickhalaris.com/

Nick Halaris

I’ve been fascinated by investing for as long as I can remember. As a kid, I would read the Wall Street Journal, the Economist and Barron’s, pouring over the data tables, stories and interviews with a passion and an insatiable kind of curiosity. As I grew into adulthood, I struggled to find the right outlet and channel for this passion and spent much of my twenties wandering and trying out different things. I had a very brief career as an attorney, spent some time as a strategy and leadership consultant for big multinational companies, failed in an attempt to start a hedge fund, and even ended up helping run a scrap metal recycling operation for a while.

At the age of 30 though, I took my stand. I made up my mind that no matter what I was going to be an entrepreneurial investor. As crazy as it sounds, I owe everything in my life to this one foundational decision—even my amazing wife and my beautiful kids. I don’t think I would ever have met Alicia had I not made this one choice. At that moment in time, the financial world had just been devastated by the crash in the housing market and the near systemic failure of the global banking system that followed. I’ve always had a contrarian bent to my investment thinking; so, to me the carnage in real estate looked like an opportunity.

It all started with one house in Compton California. The business plan was simple: buy a distressed foreclosed home from a bank, bring it back to life with a big renovation and sell it to a first-time homebuyer. Things progressed slowly as they tend to do with real estate. In the first years of this, I think I did 6-7 homes. But then after plugging away day-by-day, suddenly it seemed, things just came together. I found the right investors and the right loans and the right deals and in just a few short years I ended up investing in over 100 such transactions, building a portfolio of almost 2,500 multifamily units and creating a fully vertically integrated real estate company with almost 100 employees.

Fast forward to today and I’m running the second evolution of my entrepreneurial investing career and having so much fun that I have to stop and remind myself that this is all real.

http://www.nickhalaris.com
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