How to Bounce Back After a Big Business Failure | Ken Baer & Pattie Capezza

The Wealthy Contractor

EPISODE 203: Recovering from severe business losses is difficult… but NOT impossible! Especially when you have the right business (and life) partner by your side.

In business, sometimes you win big, and sometimes you fail, but when you do, the most important thing is to get back on your feet and never give up.

Resilience and hard work are key if you want to rebuild and grow your business after seeing massive losses.

But don’t take it from me; instead, I want you to meet my guests on this week’s episode, Ken Baer and Pattie Capezza.

Ken and Pattie are partners in life and in business. Their first home improvement business was a laminate flooring company that they started in 2000 in South Florida. Their business was thriving up until the big financial crisis in the late 2000s. When the economy crashed in 2008, their business went down with it.

They lost everything, but through sheer resilience, great teamwork, and a perfect dynamic, they rebuilt their careers and were able to start a brand new business that is now their new “ATM machine”.

If you’ve ever felt like giving up when the going gets tough, then this episode is for you – plus I’m also joined by my lovely wife and business partner, Adi Kaskavalciyan, in this special couples’ episode, so you definitely should listen to it if you’re working with or thinking about partnering up with your spouse.

Tune in now to learn everything you need to know about Ken and Pattie’s entrepreneurial journey, their work dynamic, what they learned from the failure of their first business, and how they got back on top.

Are you ready?

Let’s dive in.

Key Takeaways:

Introduction (00:00)

Meet Ken and Pattie (01:15)

From business success to the big collapse (03:35)

Where are they now? (16:35)

Working together as a couple (17:52)

Practical business building tips (22:27)

Handling conflict with your partner at work (28:13)

What to do when things don’t go your way (34:50)

Additional Resources:

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The Wealthy Contractor is a podcast for home improvement professionals who want to grow their business, work less, and make more money. Follow us for more!