Mike Feldstein - Riffing on Business Ideas
Me and Mike Feldstein did a pod ep riffing on different local business ideas, including the pro's and con's of each.
I think this would be a fun "brainstorming" episode for you to listen to!
We both share our experiences of unusual places where people make money in local businesses, including the ways to start for nearly zero investment (Mike is a master at that and has done it many times).
We go over these 8 business ideas:
💡 The Tree Business.
💡 Snow Shoe Rentals (and rental companies in general).
💡 AirBnB Experiences for promoting local businesses.
💡 Luxury Picnics.
💡 Face Painting (surprising).
💡 Wallpaper installation.
💡 Wall Picture Hanger Person (also TV Mount Installation).
💡 Sauna Rentals
💡 Travel Homeschool Teachers.
My favorite lesson from this interview is: "The money is in being the person delivering the final solution."
(We talk about it around 11:25 ).
About Mike Feldstein
Mike Feldstein is the founder and CEO of Jaspr that makes cool looking giant air purifiers. 10+ years ago he got into the “Disaster Business” by restoring homes after big floods, then started a generator business to combat ice storms, then started restoring homes after wildfires, then saw air quality sucked so he made giant industrial level air purifiers for the home, then Covid hit and all of sudden it was mandated in Canada doctors offices had to have large purifiers and Jaspr became a hit.
On the page we also have a bunch of the short clips from this episode:
You should find the workspace that makes you happy
Some businesses don't have to be that big
Did you know that bamboo can make you rich?
Neville's Notes (these are all the notes I took from the ep):
- 0:36: Mike’s quick story of starting businesses. Floods, Fire, Mould Removal and Disaster Chasing.
- 0:56: “Doing business is the place of greatest need is the most leverage possible.” Combine this with knowing how to run some basic Google Ads and getting a website up can be very profitable.
- 1:57: Having a house as an office.
- 4:09: How Peter Theil thought in percentages.
- 5:39: We’ll talk about biz ideas, but list the Pro’s AND Con’s of each idea.
- 7:13: The Tree Business. Different ways to make money.
- 11:22: The money is in the person delivering the final solution. Don’t be the electrician who can get you a generator and has a rec for a gas guy, but THE generator guy. Don’t be the carpenter be the sauna company.
- 20:07: Snow Shoe Rental Idea (and rental companies in general). Easy to start and make money quick, but not super scaleable.
- 23:13: AirBnB Experiences are a great way to promote local businesses.
- 27:32: The one who packages up everything is the one that gets the profit.
- 24:42: Luxury Picnics.
- 31:36: Face Painting. Can make $4k in a weekend.
- 35:57: Wallpaper installation. An unexpectedly expensive service. Make more money by giving a wallpaper consultation.
- 41:23: Wall Picture Hanger Person, also TV Mount Installation.
- 43:16: Sauna Rental. $500/weekend.
- 50:16: Looking for next health trends.
- 53:09: “I think the things you don’t FEEL, I’m not bullish on.”
- 53:26: Home Nursing. “Medical at home” or “Aging in place”
- 56:57: Travel Homeschool Teachers.
Listen to the Podcast
Sincerely,
Neville Medhora - Brainstorming ideas (lemme know if you like episodes like this or not)!
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