122 - TOP PICK! How to Start a Business in 2025 (Two-Step Guide) with Michael Girdley

🚨MY NEWSLETTER https://nikolas-newsletter-241a64.beehiiv.com/subscribe 🚨Join me, Nik (https://x.com/CoFoundersNik), as I speak with Michael Girdley (https://x.com/girdley), a serial entrepreneur and investor, about building a business, avoiding common mistakes, and identifying future opportunities. Michael shares insights from his diverse experiences, from Alamo Fireworks to Gertling Media, emphasizing the importance of experience and strategic business choices. We delve into overrated business opportunities and explore unconventional business models.Questions this Episode Answers:What two-step process would Michael Girdley follow to build a business in 2025, and how would he make his first million dollars?Why does Michael Girdley advise against buying a business as your first venture, especially for a young entrepreneur?What are some overrated business opportunities in today’s market, and what sectors hold promise for the future?What is Michael Girdley's contrarian belief about business, and how does it influence his perspective on career choices and entrepreneurial paths?What unconventional business model does Michael find fascinating?Enjoy the conversation!__________________________Love it or hate it, I'd love your feedback.Please fill out this brief survey with your opinion or send me an email at [email protected] with your thoughts.__________________________MY NEWSLETTER: https://nikolas-newsletter-241a64.beehiiv.com/subscribeSpotify: https://tinyurl.com/5avyu98yApple: https://tinyurl.com/bdxbr284YouTube: https://tinyurl.com/nikonomicsYT___________________________This week we covered:00:00 Introduction and Guest Background01:00 Business Ventures and Investments01:44 Current Business Scale and Operations03:09 Starting Over in 2025: Step-by-Step Guide05:13 The Value of Experience and Financial Safety07:11 Starting a Low-Capex Services Business10:01 The Reality of Online Courses14:19 The Hold Co Conference and Learning from Failure19:44 Sympathizing with the Struggles of Entrepreneurs19:15 The Fine Line Between Faking It and Failing21:22 Excitement for the Upcoming Conference22:09 The Concept of an Unconference23:21 Challenges and Risks in Event Planning24:28 Innovative Business Models in Event Management29:22 Advice for Aspiring Entrepreneurs32:24 Contrarian Views on Business Opportunities35:16 The Importance of Personal Fit in Career Choices38:32 Different Paths to Entrepreneurship39:31 Conclusion and Final Thoughts