On this episode of The Millionaire Choice Podcast, Tony talks with Nick Hiter, host of the HitStreak Podcast and successful entrepreneur. Tony and Nick talk about making the choices to transform your life and find success at higher levels.
Nick Hiter is the founder of Team Hiter, a business enterprise focused on helping entrepreneurs drive growth.
In his role as the Executive Vice President at RAC Financial, he oversees strategic partnerships for a leading 8-figure payment processing company. His work supports a network of 100+ strategic partners supporting major brands such as Planet Hollywood, Brio, and Buca di Beppo to name a few.
As a thought leader on entrepreneurship himself, Nick’s insights have been featured in major media such as CBS, NBC, FOX, The New York Times, and Yahoo to name a few. Nick is the host of the Hitstreak Podcast as well as the voice of SiriusXM’s “Y’allternative” radio station!
Segment 2: Overcoming Challenges
Tony Bradshaw: Fantastic! Let's dive right in. Nick, could you give our listeners a brief overview of your entrepreneurial journey and how you got to where you are today?
Nick Hiter: Absolutely, Tony. It's been quite a ride. I started my journey as a young kid, always fascinated with business and finding ways to create value. I launched my first venture in high school, selling custom-designed t-shirts to my classmates. That experience sparked my passion for entrepreneurship, and I knew it was something I wanted to pursue.
Fast forward a few years, and I found myself in college, studying business while simultaneously starting my second venture—a digital marketing agency. This was my first taste of the online world, and it opened my eyes to the incredible opportunities that existed in the digital space.
After graduation, I decided to focus solely on growing my agency, and it turned out to be a great decision. Over the years, I expanded my services, worked with numerous clients, and gained valuable experience in the ever-evolving world of online marketing.
Segment 3: Financial Literacy and Advice
Tony Bradshaw: That's amazing, Nick. It's inspiring to hear how you followed your passion and built a thriving business. As an entrepreneur, you've likely encountered your fair share of challenges. Can you share some of the hurdles you've faced along the way and how you overcame them?
Nick Hiter: Absolutely, Tony. Like any entrepreneur, I've faced my fair share of challenges. One of the biggest hurdles was staying ahead of the rapid changes in the digital marketing landscape. With technology advancing at lightning speed, it was crucial for me to continuously learn, adapt, and stay on top of the latest trends.
Another challenge was building a reliable team. As my agency grew, I realized that I couldn't do it all on my own. I had to learn to delegate, hire the right people, and create a cohesive team that shared my vision. It took time and effort, but eventually, I built a team that I could trust and rely on.
Lastly, I faced financial challenges. Running a business requires a significant investment, and there were times when cash flow was tight. However, by carefully managing expenses, exploring new revenue streams, and staying focused on my long-term goals, I was able to overcome those obstacles and come out stronger.
Tony Bradshaw: Those are valuable lessons, Nick. The ability to adapt, build a team, and manage finances are crucial for any entrepreneur. Now, let's shift gears and talk about personal finance. What role has financial literacy played in your entrepreneurial journey, and how important do you think it is for aspiring entrepreneurs?
Nick Hiter: Financial literacy has been instrumental in my journey, Tony. As an entrepreneur, you need to understand the financial aspects of running a business, such as budgeting, cash flow management, and investing. Without a solid understanding of these concepts, it's easy to make costly mistakes that can hinder your progress.
Moreover, financial literacy extends beyond business. It's essential for personal financial success as well. By developing a strong foundation in personal finance, entrepreneurs can make informed decisions, manage debt, build wealth, and secure their financial future.
For aspiring entrepreneurs, I cannot stress enough the importance of gaining financial literacy. It's a skill that will serve you throughout your entrepreneurial journey and help you make sound financial choices that align with your long-term goals.
Segment 4: Final Tips and Wrap Up
Tony Bradshaw: Wise words, Nick. Financial literacy truly is a key component of entrepreneurial success. As we wrap up, do you have any final tips or advice for our listeners who are aspiring entrepreneurs or looking to improve their financial situation?
Nick Hiter: Absolutely, Tony. My advice to aspiring entrepreneurs is to find your passion and pursue it relentlessly. Building a business is not easy, and there will be obstacles along the way. But if you're truly passionate about what you do, that drive and determination will keep you going, even when things get tough.
When it comes to personal finance, my advice is to live below your means and prioritize saving and investing. Avoid unnecessary debt, build an emergency fund, and educate yourself about different investment options. Remember, it's the small, consistent actions that lead to long-term financial success.
Tony Bradshaw: Fantastic advice, Nick. Thank you so much for sharing your valuable insights and experiences with us today. It's been a pleasure having you on the show.
Nick Hiter: Thank you, Tony. It's been my pleasure. I hope our conversation inspires others to pursue their entrepreneurial dreams and take control of their financial futures.
To learn more about Nick Hiter, his business products and coaching, visit https://nickhiter.com