Entrepreneur Nicholas Hinrichsen is telling you (better listen)  – 2020 is not a wash but an opportunity! A takeaway from our conversation – online tech is where your “North Star” should point – start, do something!

Nicholas Hinrichsen - Linkedin Profile

Nicholas just launched With Clutch   Refinance your car and lower your monthly payments  

 Don't be discouraged short term no customers revenue whether think long term be on the right path have the right North Star then it will all take care of itself the company will grow

  Nicholas Hinrichsen (a business student at Stanford) & his friend Chris formed a company; they helped classmates sell their cars. These two gents detailed the cars, photos taken, and posted on Craigslist! The momentum of the business caught the professor's attention, and they wanted to invest in Chris & Nicholas’s business! Needless to say, these two entrepreneurs became a case study and still are at Stanford

How they became a part of the rocket ship Carvana

  Chris & Nicholas compared notes, started a conversation with the competition Carvana which was a fast-growing business. Carvana found that Chris and Nicholas already had the technology that they sought,  Chris and Nick Nicholas were looking to expand, thus  Chris, Nicholas and their team moved from a medium-sized company to the rocket ship Ferrari Carvana, and stayed on for three years

What Nicholas is working on now

  Dealers don't give you the best car loan They give you the one that pays him or her the highest referral fee. Building a digital platform that allows you to refinance your car loan is what Nicholas is working on these days.

Nicholas Hinrichsen - LinkedIn Profile

Takeaways from our conversation

  As an interviewer, I made their Seven years in the car business sound like stair steps, in reality, it was a crazy rollercoaster time going from being ecstatic to the next moment convinced they would have to shut their doors this won't work .per Nicholas this was an overnight success seven years in the making .every entrepreneur struggles most of the time and one day wakes up to a massive business, and then realizes it has worked but it was a hard way

  Don't overthink when starting your business take action, Do something, get started, customers, will tell you what they want. Learn what's valuable to people, put yourself out there.

  Fear -it's not unusual to feel that the business is not working Nicholas said it never felt like it was working it was a rollercoaster .they modified their business model from peer to peer and began making cars available to people through technology, this version of the business model started growing a lot

  Happy customers are most powerful for small businesses, they are loyal they share their experience. when you are a small company you can talk to the customer you can talk to and delight your customers

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