32 - Building a 7 Figure Hospitality Biz Working 10 Hours a Week with Rashmi Bhat

🚨MY NEWSLETTER https://nikolas-newsletter-241a64.beehiiv.com/subscribe 🚨In this episode, Rashmi (https://x.com/ChaiAndCabin) shares her incredible journey from starting her first business at 21 with just $20,000 to building a hospitality empire. Listeners will gain insights into how she successfully manages a diverse portfolio including restaurants, short-term rentals, and hotels, all while working less than 10 hours a week. Her story is a testament to the power of resilience, strategic planning, and leveraging community support.Rashmi delves into the specifics of how she turned a small sandwich shop into a thriving B2B wholesale business and later expanded into the hospitality sector.She discusses her unique approach to systematizing business operations to achieve high net margins, emphasizing the importance of effective management and automation. This conversation offers valuable lessons for anyone looking to scale their business efficiently and profitably.Additionally, Rashmi's experiences as an immigrant navigating the American business landscape provide a compelling narrative of determination and adaptability. She highlights the importance of taking calculated risks and the rewards of betting on oneself. Listeners will leave inspired by her story and equipped with practical strategies to apply in their entrepreneurial endeavors.___________________________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.___________________________01:39 Rashmi's Journey: From Sandwich Shop to Real Estate04:38 Overcoming Challenges as an Immigrant Entrepreneur10:32 Expanding the Business Portfolio12:47 Navigating the COVID-19 Pandemic14:41 The Power of Community and Support19:59 Exploring Business Passions20:34 Principles for Business Success20:53 High Cash Flow Strategies22:03 Hospitality Management Insights23:58 Customer Acquisition Tactics27:33 Starting in Short Term Rentals31:06 Challenges and Growth34:16 Rapid Fire Questions36:49 Conclusion and Final ThoughtsPlease LEAVE A REVIEW!Spotify: https://tinyurl.com/5avyu98yApple: https://tinyurl.com/bdxbr284YouTube: https://tinyurl.com/nikonomicsYT