This episode's guest is Nik Hulewsky, the co-founder of multiple 7 figure businesses that he has successfully built and flipped. Nik started on the corporate career path and ultimately got fired from his job. Rather than going back to the corporate world he used an SMB loan to buy his first business, a medical payments company. After a few years he grew the revenue of that business and exited. Since then he has gone on to co-found multiple companies and is currently partnered with Chris Koerner (a previous guest on the pod). This episode we discuss the different business pursuits Nik has chased and talk about his successes and failures. We get into some of the specific business challenges that the medical industry faces and how technology is changing that space. Lastly, we talk about what Nik is planning for the future and how his past ventures have shaped the way he views new opportunities. Hope you enjoy the show! Timestamps:00:00:00 - Precap00:01:17 - Introduction and Background00:01:37 - Nick's Early Career and First Firing00:02:51 - Learning from Failure and Job Loss00:07:58 - Transitioning into Entrepreneurship00:10:40 - First Business Acquisition and Growth00:11:09 - Insights on Control in Business00:12:14 - First Venture and Learning Experience00:14:08 - Expansion and Sale of Businesses00:16:14 - Overview of Healthcare Provider Payment Methods00:16:42 - Understanding Commercial and Private Insurance00:17:11 - The Problem with the Healthcare System00:17:40 - Discrepancies in Medical Billing and Pricing00:18:22 - The Issue with Patchwork Pricing Models00:19:09 - Advice on Handling Medical Bills00:19:57 - Complexity of Medical Billing and Coding00:20:38 - Data Challenges in Energy and Healthcare00:21:58 - The Concept of Arbitrage in Healthcare00:22:22 - Issues with Patient Records and Interoperability00:23:28 - Opportunities in Solving Interoperability00:24:47 - The Role of Machine Learning and AI00:25:16 - Challenges with Data Formats00:27:45 - Future of AI and Machine Learning in Healthcare00:28:04 - The Importance of Company Culture in Startups00:28:43 - Understanding Distribution in Business00:30:30 - The Power of Content and Audience Building00:32:02 - Different Strategies for Different Industries00:35:48 - Maximizing Business Value through Channels00:36:06 - Exploration of New Business Opportunities00:36:46 - Theoretical and Practical Approach to Business00:37:22 - Criteria for Business Interest and Investment00:39:37 - Impact of Artificial Intelligence on Business00:41:13 - Reflections on the Framework00:42:52 - Future Plans and Opportunities00:43:13 - Perfume Vending Business Case Study00:46:24 - Conclusion and Contact Information

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