What does it take to run not just one, but multiple successful businesses simultaneously? Nick Schutt candidly reveals the driving force behind his entrepreneurial journey: "I got into entrepreneurship because I'm a terrible employee." This refreshingly honest insight kicks off a fascinating exploration of how one man has built an impressive portfolio spanning government contracting, mental health services, defense agency support, and nonprofit work—all while hosting a podcast on artificial intelligence.
Schutt's first venture, Artemis Human Capital Management, evolved from a traditional staffing company into a sophisticated government contractor implementing complex technology solutions for federal agencies like the VA and EPA. But perhaps his most remarkable story involves launching Healing Mind Wellness in January 2020—just as COVID-19 hit. When pandemic-related licensing delays threatened the new mental health clinic, Schutt pivoted to operating a COVID testing site, directing traffic himself on weekends to keep the business afloat while building his vision for comprehensive mental health services that now include specialized programs bridging outpatient and inpatient care.
Throughout our conversation, Schutt shares crucial insights for entrepreneurs facing scaling challenges. His "10-40-50 rule" for hiring (10% credentials, 40% skills, 50% cultural alignment) offers a practical framework for building effective teams. He tackles the reality that scaling isn't always upward, providing thoughtful guidance on making difficult decisions when external factors force downsizing. For entrepreneurs looking to learn from someone who's navigated diverse industries while maintaining a problem-solving mindset, Schutt's journey demonstrates how adaptability, strategic vision, and willingness to make tough calls can drive success across multiple business ventures. Connect with Nick on LinkedIn to continue the conversation about entrepreneurship, scaling strategies, or his latest ventures.