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Nick Friedman, born in 1981, is an American entrepreneur best known for co-founding College Hunks Hauling Junk and College Hunks Moving with his lifelong friend and business partner, Omar Soliman. He co-authored “Effortless Entrepreneur, Work Smart, Play Hard, Make Millions” with Soliman.
Who is Nick Friedman? Well, he’s an American entrepreneur known for co-founding College Hunks Hauling Junk with his business partner Omar Soliman.
Nick Friedman is a board member of the Entrepreneur’s Organization and the Young Presents Organization. He is also a founding member of the Youth Entrepreneur Council.
He is an American entrepreneur best known for founding College Hunks Hauling Junk and College Hunks Moving with his business partner and longtime friend Omar Soliman.
In 2015, he joined the Flora chapter of YPO and also worked with a national nonprofit called Feeding Children Everywhere.
Nick Friedman also appeared as a thought leader at TCU, where he spoke about innovation with students, faculty, staff and the DFW community at The Neely School.
Undercover Boss: Nick Friedman Net Worth
Nick Friedman is an American businessman whose net worth must be more impressive and larger than others. But after looking at his occupation, his net worth is $5 million.
He and his partner were among the 2018 winners of the Ernst and Young Entrepreneur of the Year Flora Award. But there is no such information about his total net worth and income.
Without a doubt, he is one of the most successful businessmen in the United States of America.
Meet Nick Friedman Wife
Nick Friedman is a married man who lives happily with his wife. He never revealed his spouse to the public while keeping his personal life private and out of the limelight.
Both couples shared a daughter, but her name is not yet known. After checking out his Instagram account, he often posts photos of his partner and daughter with nice captions.
Nick Friedman Wikipedia Bio: Who Is He?
Nick Friedman was born in 1981 and is currently 40 years old. He grew up in the Washington, D.C. area. where he attended Swell Friends School.
After graduating in 2000, he attended Pomona College in California, where he played basketball for four years. After graduating from college, he worked briefly as a business analyst for Marsh and McLennan Companies, Inc.
He also appeared as a guest on the Suncoast Business Forum, speaking about College Hunk’s journey from the ground up. He is also a speaker at CCW.
Friedman has appeared on the following television programs: ABC’s Shark Tank, Bravo’s Millionaire Matchmaker, The Nate Berkus Show, Fox Business News, The Dylan Ratigan Show, and House Hunters.
College HUNKS Hauling Junk- 4 Core Values by Nick Friedman Co-Founder
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Nick Friedman – College H.U.N.K.S. Hauling Junk and Moving
Purpose-driven, values-based, socially-conscious, tech-enabled, and results-focused entrepreneur. Co-Founder of COLLEGE HUNKS HAULING JUNK …
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Date Published: 8/10/2021
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Nick Friedman Co-Founder of College Hunks Hauling Junk
I recently had the chance to speak with Nick Friedman, present and co-founder of College Hunks Hauling Junk, a local junk removal company in Tampa, FL.
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Date Published: 8/16/2022
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Nick Friedman: How I Started College Hunks Hauling Junk
The franchise co-founder talks about handling startup red tape, getting the word out and the trouble with hiring friends.
Source: www.entrepreneur.com
Date Published: 1/14/2021
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Co-founder Nick Friedman Discusses The Early Days Of The …
Nick Friedman, Co-Founder and Present of College Hunks Hauling Junk … Friedman explains what the early days of starting a junk removal …
Source: www.collegehunkshaulingjunk.com
Date Published: 11/24/2021
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Nick Friedman
American businessman
Born in 1981, Nick Friedman is an American entrepreneur best known for founding College Hunks Hauling Junk and College Hunks Moving with lifelong friend and business partner Omar Soliman.[1] He co-authored Effortless Entrepreneur, Work Smart, Play Hard, Make Millions with Soliman.[2] Friedman is also a television personality who has appeared on several television shows, a public speaker, and a co-executive producer of the documentary Beware of Mr. Baker.[3]
Early life[edit]
Nick Friedman grew up in the Washington, D.C. area. where he attended Sidwell Friends School.[4] After graduating in 2000, he attended Pomona College in California, where he played basketball for four years.
Career [edit]
After graduating from college, Friedman worked briefly as a business analyst for Marsh and McLennan Companies, Inc.[6] In the summer of 2002, prior to senior year of college, he joined Omar Soliman in hauling garbage around their community to earn extra money. Initially, they used Omar’s mother’s van to haul trash out of homes, offices and other facilities.[9] He quit his job to become an entrepreneur at College Hunks Hauling Junk with Omar Soliman, a company they started while in college. The term H.U.N.K.S from the name “College Hunks Hauling Junk” is an acronym for Honest, Uniformed, Nice, Knowledgeable, Students.[12][13]
He is a contributing writer to the Huffington Post blog.[14]
Organizations [ edit ]
Nick Friedman is a board member of the Entrepreneur’s Organization (EO) and the Young Presidents Organization (YPO). He is also a founding member of the Youth Entrepreneur Council.[15][16]
In 2015, Friedman joined the YPO Florida chapter and also worked with a national nonprofit called Feeding Children Everywhere.
Awards and recognition[ edit ]
In 2008, Friedman was listed by Inc. Magazine as one of the “Top 30 Entrepreneurs Under 30.”[18]
Nick Friedman and his partner were among the 2018 winners of the Ernst & Young Entrepreneur of the Year Florida Award.[19]
At the age of 22, Friedman and his friend became the youngest franchisors in the United States.[20][21]
Public speaking[edit]
Friedman has been a thought leader at TCU, where he has spoken about innovation with students, faculty, staff and the DFW community at The Neely School.[22] He was a guest speaker at Startup Grind, where he spoke about his journey from school kid to “trash man.”[23]
He also appeared as a guest on the Suncoast Business Forum, speaking about College Hunk’s journey from the ground up to what it is today. Friedman is also a speaker at CCW.[26]
television [edit]
Friedman has appeared on the following television programs: ABC’s Shark Tank,[27] Bravo’s Millionaire Matchmaker,[28] The Nate Berkus Show, FOX Business News,[29] The Dylan Ratigan Show,[30] House Hunters, and Undercover Boss.
Filmography [ edit ]
Title Year Role Reference(s) The Millionaire Matchmaker 2008 Himself [31][32][33][34] Shark Tank 2009 Himself [35][36][37] Beware of Mr. Baker 2012 Executive Producer [ 3][38 ] The Pitch 2012 Himself [39][40] House Hunters 2013 Himself [41] Below Deck 2013 Himself [42][43] Jobs That Don’t Suck 2014 Himself [44 ][45][46] Blue Collar Millionaires 2015 as himself [47][10]
Nick Friedman Co-Founder of College Hunks Hauling Junk
I recently had the opportunity to speak with Nick Friedman, President and Co-Founder of College Hunks Hauling Junk, a local garbage disposal company in Tampa, FL. Nick has been featured on networks such as CNN, CBS and NBC and was also named one of the Top 30 Entrepreneurs in America Under 30 by INC Magazine (2008). Today Nick will share with us his experiences as a young entrepreneur and some of the valuable business lessons he learned along the way.
Tell us a little about your background and the founding story behind College Hunk Hauling Junks
Nick: During a summer break from college, my business partner Omar Soliman and I started hauling rubbish in his mother’s rickety truck. We made a lot of money that summer and later even won a business plan competition with the idea. Even so, after graduation we both got high-paying jobs in companies that most people would have killed for. However, after about a month of the company loop, we realized that we weren’t cut out to work for anyone else, so we started making CHHJ an official company. Otherwise we quit great jobs in order to concentrate fully on our business idea for scrap transport. It was a risk, but it worked and we haven’t looked back since.
What projects are you currently working on?
Nick: Our main focus is on growing College Hunks Hauling Junk and College Hunks Moving to improve the overall quality and efficiency of our service as much as possible. As part of this effort, we are working to integrate complementary revenue streams to our primary service offerings. For example, we recently launched a daily trash pickup service that we call “Trash Butler.” The goal is to allow our customers to make just one call and solve all related problems in an effective and streamlined way.
Do you own or have you owned in the past other companies, if so what happens to them?
Nick: Omar and I had a few different business ideas before we started College Hunks. Once we tried to start a t-shirt company. None of them ever really took off, but we learned some valuable lessons about Entrepreneurship 101. These companies may not have stood the test of time, but they definitely helped prepare us for what eventually became College Hunks Hauling Junk and College Hunks Moving.
How do you stand out from your competitors?
Nick: We differentiate ourselves from the competition by the quality of our customer experience. There are literally thousands of people out there hauling garbage. We didn’t reinvent the wheel, but that was never our goal. We wanted to take something that so many people are making and add our own spin to improve the quality.
With College Hunks Hauling Junk, customers have a much less stressful experience from start to finish than if they hired a guy off the street to haul their junk. Our frontline team members are clean cut, smart, friendly and just plain nice. That’s why we say HUNKS stands for Honest, Uniformed, Nice, Knowledgeable Students and we truly live by that standard.
Please share some tips and advice for first-time entrepreneurs
Nick: The number one piece of advice I would give to a budding entrepreneur is to surround yourself with knowledgeable, experienced mentors. Nobody has all the answers, and I mean nobody, but if you have a group of mentors that you can go to regularly to share ideas, ask questions, or get help, then there’s no problem in the entrepreneurial world that you can’t overcome be able.
What would you say was the turning point for your company?
Nick: The turning point for college hunks hauling junk was when we quit our secure jobs at the company to pursue our business. Before we ever got a loan or an EIN, we knew we had to step in completely to make it work. The day you go from engaged to engaged is the day you’re official. It’s also more than likely the day you start making big strides.
What is one thing you know now that you wish you knew before you started your business?
Nick: I can honestly say I wouldn’t change much from the knowledge I came into entrepreneurship with. When we founded the company, we were a bit naïve about some things. We had no idea how ridiculously much work it takes to become a successful entrepreneur. The thing is that, out of naivety, we have avoided seeing the journey as the great obstacle that it is. Rather than seeing it as a mountain to climb, we really focused on each step, one at a time. Sure, we’ve made mistakes, but at the end of the day, those mistakes turn into valuable first-hand lessons.
What was the worst mistake you made as an entrepreneur – and what did you learn from it?
Nick: The worst mistake we made was trying to expand too quickly. A while back we tried to offer a retail side of our store. We thought we could make more money by selling some of the items we picked up from jobs. We pushed the idea quite far. We even rented space in a warehouse.
The problem was that we had no idea how to run a retail business. We were overwhelmed and in the end the idea failed and we lost some money. However, what we learned from this failure is that while experiments are good, you need to scale your experiments and build them slowly. Since then, we’ve tapped into several additional revenue streams, but each one has been built up slowly to mitigate the potential risks as much as possible. In the long term, the tortoise beats the hare and that is exactly where our focus lies: in the long term.
What is one thing that you grow on every day as an entrepreneur?
Nick: I read a lot of business related books and articles. It’s funny because I remember in college I never wanted to read for class. It turns out that being interested in what you read is a great motivator to work through a lot of material. Who would have thought? Now I can’t stop. I’m basically a sponge and I look forward to absorbing all the information I can get about entrepreneurship. And it’s made a big difference. I have observed, collected and sifted through so many different perspectives on the same issues. As an entrepreneur, you have to make an effort to learn things every day. Stay open and ready to innovate. This is how you progress and really grow in this game.
How is running a successful business different than what you envisioned?
Nick: It’s a lot more work than I thought before I started. I rarely have a spare minute to waste. When everyone is counting on you, you have to stick to a tight schedule and stay on top of things. It took a while, but eventually I figured out how to step away from the day-to-day business and work on it instead of working on it. Still, it seems like there’s always something to do. In the end it doesn’t really feel like work because I love it so much, but it’s definitely not nearly as easy as I used to think it would be.
What was the best business advice you have ever received and from whom?
Nick: “Stay hungry, stay humble”. We were told this by ESPN Sportscenter host Scott Van Pelt. We had a chance to hang out with him at the Superbowl and he gave us this advice, which he gives to every famous athlete he meets. It’s a great reminder to never forget where you came from and never forget how much you still have to accomplish. The moment you become complacent and/or cocky is the moment your business can collapse.
Say I started my own version of College Hunk Hauling Junks today. What is your advice for me?
Nick: I would say if you stick to the systems we have in place, pay attention to the details and bring your passion to work every day, you will be doing very well for yourself.
What’s your favorite quote about entrepreneurship?
Nick: “People don’t fail, systems do.” This was from Michael Gerber, author of the bestselling book E-Myth Revisited. He also wrote the foreword for our book entitled Effortless Entrepreneur Work Smart, Play Hard, Make Millions
Nick Friedman How I Started College Hunks Hauling Junk
Opinions expressed by Entrepreneur contributors are their own.
College Hunks Hauling Junk Founders: Omar Soliman and Nick Friedman.
Name: Nick Friedman, 28
Founded: College Hunks Hauling Junk, Tampa, Fla., 2005
Business: Garbage collection, moving and donation collection franchisor.
Related article Why stop at just one?
Nick Friedman was a senior at Pomona College when he and a couple of buddies started using a truck for garbage collection, light haulage, and deliveries to make some extra money during the summer. After graduating, he got a job as a research analyst. Meanwhile, Friedman worked weekends and evenings at the store. After three months in the cabin, he emailed his friend Omar Soliman, and they decided it was time to launch College Hunk’s Hauling Junk in full force. What started with one truck now includes 33 franchises, a fleet of more than 50 trucks, 30 company employees and 100 employees throughout the system.
Challenge #1: Figuring out what permits, licenses, and other required documents are needed to start a scrap hauling business. We didn’t expect hauling garbage to become a real business, so we didn’t even think about permits or licenses. Unfortunately we learned the hard way when the local authorities stopped us to check our transport documents, threatened arrest and fined us for not having the right papers. That’s when we decided to take what we were doing a little more seriously. We took our idea to our professor who did his best to direct us to the right local church offices so we could get started.
Why: This requires a lot of research and planning beforehand, but it can also leave you stuck if you don’t pull it off instead of just pulling the trigger and going. First we were stuck for weeks trying to figure out what paperwork we needed and making sure we got all the licenses and permits. It all took so much time and energy.
Solution: We spoke to other local businesses about how they dealt with permits and licenses in the beginning. They gave us an insight into how they started their business and some even showed us their original business plans. They told us not to get bogged down in details or overanalyze what we need to get started. Some said we shouldn’t even bother to write a business plan. They suggested we take the plunge first and then figure out what we need. We also called our local town hall and spoke to the community officials who run local businesses. Eventually we decided that we could spend our lives making sure we all had our ducks lined up. We’ve adopted the “Ready, Fire, Aim” mantra. The idea is that when you start the business you can always go back and tweak some of the administrative aspects. Since inception, we’ve received a few minor fines and warnings, but we count these expenses as expenses worth spending rather than wasting valuable time on administrative details just to save a few hundred dollars. Unless it’s a business-threatening issue like tax filing or proper licensing, it’s not worth freaking out trying to get everything perfectly aligned—it’s never going to be perfect.
Challenge #2: Finding ways to advertise without going over budget was a challenge. We budgeted for about $1,500 a month, but we ended up spending almost triple that amount, so we had to revise our plan to fit the new budget.
Why: There are many different ways to advertise and a wide range of pricing options. Since we were a new company everyone was trying to sell us and we bought because it all sounded so good.
Solution: Every business should have enough cash reserves to spend money on advertising because advertising is extremely important. There’s nothing wrong with spending money on advertising, but if you don’t stick to your budget, it can take a toll on you. We started with small obvious things like making our own signs to hang on telephone poles. We also placed a small ad in the newspaper asking our customers where they heard about us. If an idea worked once, there was a good chance it would work a second time. We used low-cost, grassroots guerrilla marketing by parking our truck in visible locations, cold calling potential business customers, and asking everyone in our inner circle for recommendations.
Challenge #3: We started our business by hiring our friends because we had never hired or managed anyone before. We were more comfortable working with friends, so we were friends before we were employers.
Why: Being the boss instead of a friend is harder than you think when you’re used to being a co-worker and not an authority figure. The employees took advantage of our personal relationship – they overslept, called in sick and didn’t take the job seriously. This caused the business to suffer because it created an unprofessional dynamic that impacted the customer experience.
Solution: This is what our first management lesson taught us. We needed real systems that would allow us to hire people from outside our circle of friends to fill a position within the company, rather than relying on the familiarity of personal relationships. I had to find the right balance between friend and boss. Establishing role definition and accountability systems is key to achieving this. I’ve learned not to let employees get away with inappropriate behavior or not doing their jobs. It’s not a problem to have a good working relationship with employees, but it’s important to be the boss first. The success of your company can count on it.
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