In this episode of Brothers in Business, Tyler and Cody dive into the entrepreneurial landscape of 2025, discussing the potential for success in various business ventures. They emphasise the importance of integrating AI into outdated industries and highlight the necessity of passion and problem-solving in business. Tyler and Cody share inspiring examples, such as the success of Spudman, a potato vendor who meets a market need with creativity and effective branding. They also stress the significance of understanding competition, conducting market research, and starting small to minimize risk. With insights on marketing, branding, and the mindset required for entrepreneurship, this episode serves as a motivational guide for aspiring business owners looking to make their mark in the coming year.

1. Embrace AI Integration: Businesses that incorporate AI into outdated industries can significantly enhance productivity and modernize their operations. Identifying areas where AI can complement existing services is crucial for success in 2025.

2. Passion Over Profit: Starting a business should stem from a genuine passion or skill set rather than solely the desire to make money. Entrepreneurs often face challenges in the early years, and having a passion for the business can sustain motivation during tough times.

3. Identify Market Needs: Successful businesses solve specific problems or fulfill needs within the market. Conducting thorough market research and understanding customer pain points can lead to innovative solutions that attract customers.

4. Learn from Competitors: Analyzing competitors can provide valuable insights into what works and what doesn’t. By critiquing existing businesses, aspiring entrepreneurs can identify gaps in the market and develop strategies to differentiate their offerings.

5. Start Small and Scale: Entrepreneurs should begin with minimal investment and gradually scale their operations based on market feedback. Testing ideas on a smaller scale allows for adjustments and reduces the risk of significant financial loss.

6. "If you're going to start a business and take that leap of faith, you have to find something that you already have a set of skills in." - Cody Barker

7. "You can't make a successful business if all you want to do is just make money. You have to have a passion within the thing that you're doing." - Tyler Barker

8. "Every business must at the heart solve a problem or fulfill a need for a market." - Cody Barker

9. "The first thing that I would do is have a look at the competition and then evaluate them and critique them so heavily." - Tyler Barker

10. "Don't let the hurdles that get in the way get you down. The successful ones are the ones that never give up." - Cody Barker