58 - Bad Data Is Ruining Your Business. He Found the Fix! with Kirk Newcombe

Nikonomics - The Economics of Small Business

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Join me, Nik (https://x.com/CoFoundersNik), as I sit down with Kirk Newcombe (https://x.com/KirkNewcombe), Founder of TorchPX and a former Search Fund Operator. Kirk managed and grew an 8-figure custom swimming pool business with 150 employees in the Hamptons. He shares how he developed a custom solution for managing data across five different service lines, which ultimately inspired him to launch TorchPX, a technology consulting company focused on AI-enabled workflow optimization and automation.

In this episode, you’ll hear how Kirk used AI and automation to reshape his business, handle real-time KPIs, and why these technologies are now crucial for “sweaty” businesses like construction, pool services, and more.

Questions this episode answers:

• How did Kirk grow his pool business to 8 figures?
• How can AI and automation help with workflow optimization?
• What are the real-world applications of AI in traditional businesses?
• How can business owners implement technology to manage real-time data?
• What inspired Kirk to launch TorchPX and shift into consulting?

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This week we covered:
00:00 Introduction to High-End Pool Business
00:29 Welcome to Nickonomics
00:36 The Most Important Metric in Business
01:11 Meet Kirk Newcombe of Torch PX
02:19 From Tech to Pool Business
03:02 Challenges in Pool Business Operations
05:57 Tech Solutions for Business Integration
12:54 Custom Metrics for Business Efficiency
14:49 Decision to Start a Consulting Company
17:30 The Reality of AI in Technology
17:49 Challenges in Building Enduring Software Products
18:20 The Shift Towards Services in Business
18:26 AI's Role in Business Strategy
20:08 Introduction to TorchPX
20:36 Client Engagements and Roles
21:42 Building Custom Solutions for Clients
22:36 Acquiring Customers and Search Fund Experience
26:23 Reflections on Business and AI
29:18 Personal Insights and Advice
30:35 Conclusion and Final Thoughts