205 - The $3 Million Online Trade School Model: Solving the Labor Crisis with Hector Resendez

🚨MY NEWSLETTER https://nikolas-newsletter-241a64.beehiiv.com/subscribe 🚨Join me, Nik (https://x.com/CoFoundersNik), as I interview Hector Resendez (https://x.com/TS_Secrets). Last time, Hector blew everyone's minds revealing how he ran a $3 million online trade school with incredible 30% net margins, largely funded by the government.This time, we dive into how any company can leverage these same principles to solve their staffing shortages and create a brand-new revenue stream. With a massive labor shortage in essential trades like plumbers, electricians, and HVAC technicians, Hector reveals how businesses can become Eligible Training Providers (ETP), training their own staff and getting paid for it through federal grants.He shares a fascinating example of how a dog grooming business added $300,000 in revenue and secured its talent pipeline. You'll learn about the On-the-Job Training (OJT) program, which can reimburse up to 50% of employee wages for 90 days, and how this model applies to diverse fields from healthcare (like CNAs) to IT sales and even dental front desk positions.Questions This Episode Answers:How can businesses leverage government grants to address staffing shortages and train employees?What is the On-the-Job Training (OJT) program, and how does it provide 50% wage reimbursement for new hires?Can businesses truly generate a significant revenue stream by running internal, grant-funded training programs?Which industries and roles, beyond traditional trades, are eligible for this innovative funding and training model?What are the practical steps and qualifications for a business to become an Eligible Training Provider (ETP)?Enjoy the conversation!__________________________Love it or hate it, I'd love your feedback.Please fill out this brief survey with your opinion or email me 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 The Trade School Revolution02:51 Staffing Shortages in the Trades05:44 Innovative Training Solutions09:01 Leveraging Grants for Business Growth11:56 Real-World Applications of Trade Schools14:47 Navigating the Grant Process18:10 Creating a Sustainable Staffing Pipeline21:02 The Future of Trade Education23:54 Conclusion and Call to Action