
Serial entrepreneur and author Nick Huber recently shared a compelling perspective on wealth creation, asserting that significant financial success, or "phenomenal money," is often found by "average people" in overlooked business opportunities. Huber, known for his "Sweaty Startup" philosophy, encourages aspiring entrepreneurs to re-evaluate traditional notions of innovation and instead focus on essential, often "boring," service-based industries. His advice challenges the prevailing narrative that entrepreneurship must involve groundbreaking technology or venture capital.
Huber's core message, as stated in his tweet, is: > "Why you should pursue opportunities where average people make phenomenal money." This philosophy, detailed in his book The Sweaty Startup: How to Get Rich Doing Boring Things, suggests that true entrepreneurial success lies in executing common services uncommonly well. He points to sectors like self-storage, painting, landscaping, HVAC, and pest control as examples where consistent, quality service can lead to substantial profits due to often-low barriers to entry and inconsistent competitor performance.
The entrepreneur openly critiques the "Shark Tank" and Silicon Valley model, which he believes misrepresents the path to wealth. Huber argues that many successful individuals he knows did not raise venture capital or invent new products. Instead, they excelled by improving existing, fundamental services. He emphasizes that the "blue ocean strategy" of finding undiscovered niches is often a "sham," advocating instead for entering established markets and simply outperforming existing players whose service quality is frequently low.
Huber outlines practical steps for identifying and succeeding in these "sweaty startups." He suggests calling competitors to assess market demand and service gaps, highlighting examples where basic services like surveying or window replacement suffer from poor customer response. Crucially, he stresses the importance of salesmanship, decision-making, and delegation as foundational skills. "If you don't like sales, you need to go get a job," Huber once stated, underscoring its critical role in entrepreneurial success.
Ultimately, Huber's approach offers a grounded pathway to financial independence, prioritizing logical business decisions over passion-driven ventures that may lack market viability. He advises entrepreneurs to choose businesses with the highest likelihood of making money, regardless of personal interest, as "winning is really fun and losing sucks." This strategy aims not just for wealth, but for a balanced life where financial success enables personal pursuits, rather than consuming them.