Nikonomics - The Economics of Small Business
My mom always told me "There's no such thing as a dumb question... Only dumb people!"
What she meant was that those who DON'T ask questions are the dumb ones! At least, that's what makes me feel better about asking so many questions :)
I've bought, run & sold dozens of companies in the SMB space, with multiple 7-figure exits. Over the past 5 years my companies have generated over $100M of revenue and Millions of dollars of shareholder value.
Now I let my curiosity drive as I interview Entrepreneurs and ask them to walk me through how their businesses work.
Nikonomics is a place for curious Entrepreneurs and Wantraprenuers hungry to learn. So come join our big group of DUMB people, ask some questions and maybe we will learn a thing or two together.
Follow me on Twitter here: https://twitter.com/CoFoundersNik or @CoFoundersNik
Nikonomics - The Economics of Small Business
43 - The $4.1M Event Decor Business: Acquisition and Growth Strategy with Jacob Becker
Join me, Nik ( https://x.com/CoFoundersNik ), as I talk with Jacob Becker ( https://x.com/SuccessWithJake ) CEO of Florida Event Decor. We dive into Jacob's journey of successfully acquiring and growing multiple businesses through the strategic use of digital marketing. Jacob shares his experiences in the event decor industry, the competitive acquisition of businesses, and the importance of having a unique ability and confidence.
We also discuss the significant roles of SBA loans, staying disciplined around strategy, and the power of manifesting success. Towards the end, Jacob reflects on the importance of continuous learning and having a growth mindset.
Questions this Episode Answers:
What are effective strategies for successfully acquiring a business in a competitive market?
How can entrepreneurs leverage existing skills and knowledge to grow new business ventures?
What role does persistence and confidence play in the process of business acquisition and growth?
Why is relationship-building crucial when negotiating and closing business deals?
How can understanding and applying digital marketing give an entrepreneur a competitive edge in any industry?
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This week we covered:
00:58 Welcome to Nickonomics: Meet Jacob Becker
02:55 Inside Florida Event Decor
08:02 The Journey to Digital Marketing Mastery
11:17 Expanding the Business Portfolio
18:57 Understanding SBA Loans and Business Acquisitions
20:35 Navigating Business Loans and Partnerships
21:33 The Power of False Confidence
21:47 Building Relationships and Unique Abilities
23:14 The Importance of Persistence
26:19 Manifesting Success
29:27 Understanding Business Negotiations
34:14 Leveraging Digital Marketing for Business Growth
37:01 Reflecting on Entrepreneurial Journey
39:53 Final Thoughts and Advice
