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Nikonomics - The Economics of Small Business
Welcome to Nikonomics—the show for entrepreneurs and Wantrapreneurs, ready to tackle the toughest roadblocks to their first million.
Nik brings firsthand experience, having bought and sold over a dozen businesses, achieved multiple 7-figure exits, and generated over $100 million in revenue.
Each week, he blends humor with real insights from successful entrepreneurs, sharing growth strategies, deal insights, and unique business ideas you won’t find elsewhere.
Ready to turn your entrepreneurial dreams into reality? Hit play and let’s get to work.
Follow me on Twitter here: https://twitter.com/CoFoundersNik or @CoFoundersNik
Nikonomics - The Economics of Small Business
127 - I Built a $250K Tool in 90 Minutes (NO CODING!) with Chris Koerner
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Join me, Nik (https://x.com/CoFoundersNik), and my business partner Chris Koerner (https://x.com/mhp_guy) as we dive into AI app builders and explore lessons learned from a billionaire. Chris shares his plan to test AI-enabled app builders like Cursor and Replit to create a calorie counter app, aiming to identify the most efficient platform. He also recounts building a tool with Replete that analyzes vast financial data, potentially boosting a company's value significantly. Lastly, Chris reflects on insights gained from spending time with a Texas billionaire, focusing on his unique office setup and long-term strategic thinking.
Questions This Episode Answers:
- What is the potential value of using AI to analyze large financial datasets?
- How can documenting current business processes prepare you for integrating AI agents?
- What management and decision-making insights can be gained from observing successful leaders?
- How can content creation and sharing lead to unexpected opportunities and collaborations?
Links and Resources:
Share your ideas with us:
- Nik@cofounders.com
- Chris@cofounders.com
Enjoy the conversation!
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This week we covered:
00:00 Introduction to Operator Usage
01:27 Experimenting with Multiple AI Tools
04:44 Preparing for AI Agents
08:04 Building a High-Value AI Tool
14:29 Insights from a Billionaire
17:51 The Shared Office Dynamic
18:32 Overqualified Team Members
19:11 Engaging and Direct Leadership
20:23 First Impressions and Office Culture
22:45 Action-Oriented Decision Making
24:09 Open Communication and Transparency
28:41 Long-Term Vision and Thinking
30:14 Validating Through Thought Processes
33:42 Encouraging Action and Sharing
33:44 Different Paths to Success
