58 - Bad Data Is Ruining Your Business. He Found the Fix! with Kirk Newcombe

🚨MY NEWSLETTER https://nikolas-newsletter-241a64.beehiiv.com/subscribe 🚨Join me, Nik (https://x.com/CoFoundersNik), as I sit down with Kirk Newcombe (https://x.com/KirkNewcombe), Founder of TorchPX and a former Search Fund Operator. Kirk managed and grew an 8-figure custom swimming pool business with 150 employees in the Hamptons. He shares how he developed a custom solution for managing data across five different service lines, which ultimately inspired him to launch TorchPX, a technology consulting company focused on AI-enabled workflow optimization and automation.In this episode, you’ll hear how Kirk used AI and automation to reshape his business, handle real-time KPIs, and why these technologies are now crucial for “sweaty” businesses like construction, pool services, and more.Questions this episode answers:How did Kirk grow his pool business to 8 figures?How can AI and automation help with workflow optimization?What are the real-world applications of AI in traditional businesses?How can business owners implement technology to manage real-time data?What inspired Kirk to launch TorchPX and shift into consulting?___________________________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.___________________________Spotify: https://tinyurl.com/5avyu98yApple: https://tinyurl.com/bdxbr284YouTube: https://tinyurl.com/nikonomicsYT___________________________This week we covered:00:00 Introduction to High-End Pool Business00:29 Welcome to Nickonomics00:36 The Most Important Metric in Business01:11 Meet Kirk Newcombe of Torch PX02:19 From Tech to Pool Business03:02 Challenges in Pool Business Operations05:57 Tech Solutions for Business Integration12:54 Custom Metrics for Business Efficiency14:49 Decision to Start a Consulting Company17:30 The Reality of AI in Technology17:49 Challenges in Building Enduring Software Products18:20 The Shift Towards Services in Business18:26 AI's Role in Business Strategy20:08 Introduction to TorchPX20:36 Client Engagements and Roles21:42 Building Custom Solutions for Clients22:36 Acquiring Customers and Search Fund Experience26:23 Reflections on Business and AI29:18 Personal Insights and Advice30:35 Conclusion and Final Thoughts